Issue 212

27.08.2021

Europe
USA
Latam & Caribbean
APAC
Africa & Middle East

HIGHLIGHTS 

BUSINESS OF CANNABIS: NEW YORK – ONE MONTH TO GO

Prohibition Partners and Business of Cannabis bring together the industry at a pivotal moment, for a day-long programme of top-level talks, discussions and networking, with the aim of developing a realistic roadmap for the sector in New York to reach its undoubted potential.

The event will provide a best-in-class networking experience and knowledge hub for the cannabis industry. Hear from the most influential thought leaders in business, finance and politics at iconic New York venue The Rainbow Room on 29 September. Be sure to join us for this first live event since the global pandemic by securing your seat.

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TEXAN JUDGE OVERTURNS SMOKABLES BAN FINDING IT VIOLATES STATE CONSTITUTION

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SWISS FEDERAL COUNCIL TO ALLOW DOCTORS TO PRESCRIBE MEDICAL CANNABIS WITHOUT AUTHORISATION

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Europe

USA

  • California reports collecting US$817 million in taxes from adult-use cannabis sales this year, 55% more than in 2020.
  • New Mexico to begin accepting cannabis producer licence applications in the lead-up to opening the adult-use market.
  • North Carolina’s medical cannabis bill passes through several committees with backing from conservatives.
  • New Jersey sets regulations for the adult-use cannabis market, though self-cultivation will remain illegal.
  • The Wyoming Attorney General’s Office approves wording for two cannabis petitions.
  • Jushi completes acquisition of cannabis processor Franklin Bioscience, adding an 8,000 sq. ft facility to its portfolio.

MICELLAE

CANADA

  • Cannabis Council begins campaign ahead of general election to consolidate parties’ commitment to cannabis.
  • Flora Growth closes deal with Hoshi International Inc., becoming its preferred supplier to the European market.
  • Her Highness NYC partners with Ayurcann to bring its THC products to the Canadian market.
  • Phyto Extraction to increase product range after submitting a licence amendment to include dried cannabis.
  • Nextleaf receives another cannabis patent from the US Patent and Trademark Office, totalling over 80 patents so far.
  • HEXO raises US$140 million after selling company shares to bolster its US expansion.

LATAM & CARIBBEAN

REPORT

 

THE CANNABIS EXTRACTION REPORT

The cannabis extraction industry is growing and diversifying at a rapid pace to keep up with the constantly evolving government regulations and consumer demand across the globe. The Cannabis Extraction Report highlights how the extracts market is being driven by second-generation cannabis products in the adult-use markets, a shift away from flower in the medical markets and the booming global CBD industry.

Taking an in-depth look at the North American and European markets, and the regulations that currently govern extraction in these geographies, the report elaborates on how the shift towards extract-based products heralds the arrival of major pharmaceutical and FMCG companies, whilst offering significant commercial opportunities.

 

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APAC

AFRICA & MIDDLE EAST

  • The South African government unveils a US$1.9 billion strategy to industrialise and commercialise the cannabis industry.
  • SAPHRA approves Canadian company TGOD’s extracts and flowers, completing its first shipment to South Africa.
  • DRAPALIN commences supplying German pharmacies with medical cannabis from Lesotho.
  • Israeli Ministry of Health records 100,000 medical cannabis patients in Israel this August.
  • Quattro-Canna buys exclusive rights to whole plant processing equipment, leveraging the entire value chain.
  • Basalt Pharma CEO Meir Ariel demands an expansion to list of qualifying illnesses for medical cannabis patients.

Read the stories that shape the cannabis industry