International Cannabis Weekly: 233

GLOBAL CANNABIS MARKETS WEBINAR – TUESDAY 8 FEBRUARY

Join us for an exploration of the emerging global cannabis markets. With local experts, we will discuss the driving forces behind one of the fastest growing industries in the world; from legislative reform, to investors and operators in the field. The panelists will paint a picture of the current market, its challenges, opportunities, and where it is heading in 2022 and beyond.

This webinar is made possible with the support of The Global Cannabis Report: Second Edition sponsors; Always Pure Organics, Cantourage, Linnea SA, White Lion Holdings, CBDepot, and Village Farms. Panelists include two experts from the report’s sponsors, Always Pure Organics and Cantourage, as well as representatives from Prohibition Partners and Business of Cannabis.

READ MORE »

EXPERT INTERVIEW: DR FLORIAN HOLZAPFEL, FOUNDER, CANTOURAGE

READ MORE »

CANNABIS HAS CONTRIBUTED C$43.5 BILLION IN GDP SINCE LEGALISATION IN CANADA

READ MORE »

• Germany’s drug commissioner speaks about the challenges of introducing an adult-use cannabis market.
• The UK government has taken over a year to respond to a report into progress regarding medical cannabis prescriptions.
• In 2021 there was an increase of nearly 20% in the amount of industrial hemp produced in Flanders year-on-year.
• CBD flowers are being treated as a tobacco product in Belgium, which could be a pathway for other EU countries.
• Data from the UK Medical Cannabis Registry suggests that medical cannabis improves peoples’ quality of life.
• Venture capital firm Leafy Tunnel has launched the first medicinal cannabis fund to be regulated in Guernsey.
• Due to the UN classifying cannabis for therapeutic uses, many EU nations move towards regulated markets.

• A survey of more than 500 delta-8 THC users reports they consume the cannabinoid for medical reasons.
• The NFL awards US$1 million in funding for researchers to study the efficacy of cannabis for pain management.
• The Hawaii Cannabis Industry Association releases an industry report calling for less regulation.
• A technical assistance programme has been established in Colorado to promote education in the cannabis industry.
• Innovative Industrial Properties’ operating partnership has launched a US$300 million senior note offering.
• Parties from each end of the political spectrum come together over cannabis legalisation.
• Senator Chuck Schumer states he will introduce the Cannabis Administration and Opportunity Act soon.
• Congressman files a reform bill that protects banks who work with cannabis-related businesses.

AGENDA FOR BUSINESS OF CANNABIS MIAMI ANNOUNCED

There’s just over two months to go until the Business of Cannabis: Miami conference, and you can now access the agenda. The day-long programme will provide unrivalled insight into the future of cannabis retail in North America.

The agenda for Business of Cannabis: Miami covers everything from profiling modern cannabis consumers and in-store dispensary design, to the future of cannabis eCommerce and leveraging the metaverse.

SEE THE AGENDA »

• Hexo is threatened with removal from the NASDAQ if its share price doesn’t rise above C$1.
• TobaGrown launches Canada’s first not-for-profit legal cannabis products, with profits going to local charities.
• Delta 9 Cannabis announces that it has opened up a new credit facility worth C$32 million.
• ATB Capital Markets predicts that Canadian adult-use cannabis sales will reach C$4.2 billion in 2022.
• Mendo reaches an agreement with CannMart to transition its medical cannabis patients.
• After a 26% downturn in Q4, Canadian cannabis stocks tumbled a further 9.5% in January.
• Green Mountain Health Alliance has received its licence for medical cannabis sales from Health Canada.

• Despite the impending ban in Costa Rica on home-grown cannabis, provision for industrial hemp will remain.
• President Alvarado supports medical cannabis but has vetoed legalisation, citing health and safety concerns.
• Khiron, a vertically integrated cannabis leader, opens its 4th medical cannabis clinic in Colombia.
• Alternative health provider Panacea Life Sciences announces the launch of its CBD and CBG products in Brazil.
• The Institute for the Regulation and Control of Cannabis reports a price increase for cannabis sold in pharmacies.
• In Chile, the Public Security Commission approves self-cultivation of cannabis for medical purposes.

• MGC Pharmaceuticals records its strongest quarterly figures, influenced by sales of its product to treat COVID-19.
• Public Health Minister Anutin Charnvirakul states he would like cannabis growers to register via an app.
• Perth-based medical cannabis firm Creso Pharma announces cannabis launch into The Sandbox metaverse.
• Tilray announces that it’s launching an online medical cannabis learning platform.
• New Zealand’s MedCan summit 2022 has moved to a virtual format with the country on high Covid alert.
• Legalise Cannabis NSW is calling for candidates to contest seats in next year’s state election.
• Avecho Biotechnology enters into a licesning and supply agreement with Team SAAS to use its TPM formulation.

• Medical-grade cannabis firm Canonic has shipped the first batch of its cannabis varieties to Portugal.
• Hebrew University and cannabis accelerator form a collaboration to advance medical cannabis research.
• Kannaway, a subsidiary of Medical Marijuana, Inc., opens a new office and warehouse in Johannesburg.
• Botswana has legalised cannabis for export following the outcome of a protracted court case.
• Lesotho’s Highlands Investments carry out the largest legal cannabis shipment to North Macedonia.
• Production for medical cannabis is said to be responsible for changing entire communities in Lesotho for the better.