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International Cannabis Weekly: 235

February 18, 2022

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APPLE JOINS AMAZON IN ADVOCATING CANNABIS POLICY REFORM

Apple has quietly changed its stance on cannabis reform, joining Amazon on the growing list of global corporations that would like to see a federally legal, commercial cannabis industry in the US.

After years of defiance from large technology organisations, including Facebook and Google, Apple has finally bucked the trend in supporting the sale of medical and recreational cannabis in legal jurisdictions.

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ISRAEL CONSIDERS INTERIM LEGALISATION OF RECREATIONAL CANNABIS

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THE CANNABIS LICENSING ACT IS NOW WITH THE NEW YORK GOVERNOR TO SIGN

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Europe

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Upcoming Event

 

SXSW 2022: WEED ON THE WORLD STAGE

Globally, there are four major sectors of the cannabis market poised to dominate the worldwide stage: industrial hemp, CBD wellness, medical cannabis and the adult use/recreational market. All of them are intertwined; however, each will develop at a different pace dependent on the culture of the country and region.

In this session, Prohibition Partners CEO Stephen Murphy will join panellists from Weedmaps, Jushi and Poseidon Asset Management to discuss how regulations are predicted to evolve, how they might impact trade and politics, and the friction between industrial, medical and recreational. The panel will also discuss which countries will emerge as cannabis cultivation centres and innovation hubs.

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United States

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Canada
  • Canadian cultivator Flora Growth signs a deal to send 3,600 kg of THC flower to Artos Ltd for the Israeli market.
  • Tilray says that starting its new division ‘Tilray Medical’ has meant that it can expand its offering in Canada.
  • TobaGrown announces that it will donate its profits to the right to self-cultivation in Manitoba.
  • Pyxus International announces the completion of the sale of assets of FIGR Norfolk.
  • Cannabis drink start-up Cann reveals it has raised C$27 million as it expands its offering in Canada.
  • Jones Soda expands into the cannabis sector with the acquisition of Pinestar Gold Inc.

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LATAM & The Caribbean

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APAC

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Africa & The Middle East
  • InterCure signs an agreement to acquire multinational cannabis producer Better in a deal worth US$24.7 million.
  • Following a year of acquisitions, IM Cannabis is now entering its organic growth stage.
  • President Ramaphosa pledges to back the hemp and cannabis industry in an overhaul of the regulatory process.
  • Woman of Vision Cannabis Growers has harvested its first ‘gold’ crop in Kasungu district.
  • Bull Pharma acquires Telpharma and Green Pharma in a deal worth NIS21 million.
  • The North West Government sets up a technical task team to help farmers apply for hemp permits.
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