International Cannabis Weekly: 225
WHAT TO EXPECT FROM GERMANY’S ADULT-USE CANNABIS MARKET
Back in 2015 the German Green Party published its Cannabis Control Act (CCA). Although it made no progress in the Bundestag at the time, it is now emerging as the blueprint for the creation of Europe’s first adult-use cannabis market – and only the third in the world following Uruguay in 2013 and Canada in 2018.
The coalition have been locked in talks for almost two months now and on Wednesday announced their policy agenda, it was light on details but in relation to cannabis read as follows;
“We’re introducing the controlled distribution of cannabis to adults for consumption in licensed stores. This will control the quality, prevent the transfer of contaminated substances and guarantee the protection of minors. We will evaluate the law after four years for social impact.”
FIRST PATIENT IN IRELAND RECEIVES PRESCRIPTION THROUGH MEDICAL CANNABIS ACCESS PROGRAMME
SWISS PHARMACIES AND SOCIAL CLUBS PREPARE FOR ADULT-USE CANNABIS MARKET IN 2022
- Luxembourg backtracks on cannabis legalisation, allowing solely the home cultivation of cannabis and no sales.
- Report states adult-use cannabis sales in Ireland could bring approximately €561 million in taxes each year.
- Stenocare completes Danish cultivation facility in order to produce its own seed-to-sale medical cannabis products.
- New ‘traffic light’ coalition in Germany has officially confirmed that adult-use cannabis legalisation is part of their agenda.
- France accepts 1,000th medical cannabis patient in its cannabis trials, after relaxing its conditions for inclusion.
- UK company 4C Labs is granted the first cannabis cultivation licence for Guernsey.
- Arizona and Vermont Attorneys General highlight the need for cooperative federalism on cannabis banking reform.
- The USDA grants US$10 million to the Central State University of Ohio to study the effects of hemp feed for seafood.
- The University of Houston releases a poll finding the majority of Texas Republicans support cannabis legalisation.
- Flow Cannabis Co. states it will not comply with new planned Californian tax increases for cannabis cultivators.
- The NIHC announces plans to create industry standards for CBD product testing and labelling.
- Planet 13 reports US$33 million in revenue in its third quarter, a 45% increase from the same period last year.
- Gage sets its sights on further growth after securing a US$55 million bank loan to fund Michigan expansion.
- Alabama will be accepting public comments on its proposed rules for how doctors can recommend cannabis.
- Poseidon to provide individual investors with access to US cannabis companies barred from the Nasdaq and NYSE.
BUSINESS OF CANNABIS: NEW YORK SESSIONS
Following the success of September’s Business of Cannabis: New York event, there will now be a series of ongoing Business of Cannabis: New York sessions.
Secure your tickets and join us at The Williamsburg Hotel on 9 December at 7pm to discuss the ongoing social, regulatory and business opportunities in New York’s emerging cannabis industry.
- Canada’s September retail cannabis sales show an increase of 38% from the year before.
- Uber begins a pilot programme for cannabis orders in Ontario through its Uber Eats app.
- PreveCeutical has partnered with Australian university to develop an intranasal cannabinoid delivery system.
- The Green Organic Dutchman announces strategic shares-based acquisition of cannabis manufacturer Galaxie.
- Flora Growth has raised US$30 million after its public offering of 10 million units at US$3 each.
- High Tide to boost US revenue after announcing it will acquire 80% of cannabis manufacturer NuLeaf for US$31.2 million.
- Organigram records fourth quarter results with a revenue increase of 22%, reaching US$24.9 million.
- Canopy Growth sees two of its upper management team step down from their roles amid company disarray.
- Inagene develops pharmacogenetic test to aid patients in choosing cannabis products with decreased side-effects.
HELP SHAPE THE FUTURE OF CANNABIS IN EUROPE
What isn’t being talked about enough in the European cannabis industry? Now’s your chance to push the conversation forward by submitting to the panel topics you think we should be exploring at the next Cannabis Europa conference.
Anyone can submit their panel or presentation idea, and you can submit as many ideas as you like. Submissions will close on 28 February at 23:59 GMT. Shortly after submissions close, the public will be able to vote on their favourite panel or presentation idea.
LATAM & CARIBBEAN
- Chile’s Daya Foundation begins endocannabinology internship for better cannabis treatment for patients.
- Buenos Aires and Salta offer free online courses to the public on cannabis cultivation and medical cannabis.
- Mexico’s cannabis legislation will favour indigenous, low-income or marginalised communities when granting licences.
- Mayor of Jujuy in Argentina invites Spanish investors to invest in the region’s medical cannabis export industry.
- InformaCANN brings together parliamentarians, patients and activists ahead of Brazilian cannabis legislation.
- Argentina’s and Brazil’s upcoming cannabis bills may shift the focus of the global cannabis market to Latin America.
- Anvisa to streamline Brazilian cannabis importation processes by automatically approving patient registration.
- Bermuda’s government says it has no intention of following UK convention and will vote on adult-use cannabis shortly.
- Taliban wrongfully names Australia’s Cpharm in agreement to provide AU$450 million for a hashish processing facility.
- India’s Food Safety and Security Authority has signed legislation authorising hemp-seed based foods.
- NZ’s Hemp Connect receives government funding for a hemp seed processing plant in bid to help the local hemp industry.
- Emyria receives AU$5 million investment to register a synthetic cannabinoid along with psychedelics research.
- Thailand demonstrates further relaxation of cannabis laws with an exhibition in Bangkok focused on cannabis cuisine.
- Better Green lodges application with Bathurst council for a medical cannabis cultivation and manufacturing facility.
AFRICA & MIDDLE EAST
- Israeli prisoner files petition after a malfunction left prisoners without cannabis treatment for a week.
- New Israeli study finds 70% of the population support full cannabis legalisation.
- Seach Medical reports 145% revenue increase this third quarter compared to the same period last year.
- Israeli Knesset launches cannabis committee, headed by New Hope party, to legislate on medical cannabis issues.
- South African cannabis farmers may be locked out of the industry due to high cost involvement.
- Malawi looks to Mike Tyson as its cannabis ambassador, to help boost investment into its cannabis industry.
On the global cannabis industry
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