International Cannabis Weekly: 244
Highlights
THE GERMAN GOVERNMENT HAS ‘SET THE BAR SO HIGH’ FOR ADULT-USE CANNABIS MARKET
Since Germany’s ‘traffic light coalition’ was voted in late last year, bringing with it the promise of a recreational cannabis market in Europe’s largest economy, a new wave of investment has flooded into the sector.
While the excitement surrounding the opportunity is justified, a number of significant hurdles remain for the German government to overcome before the nascent market can reach its full potential.
Ahead of Cannabis Europa London 2022, BusinessCann spoke to Carlsquare’s Arnold Holle to discuss the challenges and opportunities, and whether the Government may have bitten off more than it can chew.
FIRST HARVEST OF GERMAN-GROWN MEDICAL CANNABIS AVAILABLE TO PHARMACIES
THE FIRST LEGAL ADULT-USE CANNABIS SALES BEGIN IN NEW JERSEY
Highlights
Europe
- UK CBD industry steps closer to full compliance with regulations, however question marks remain over THC limits.
- Sardinian officials say that a new law which regulates farming and processing will speed up the hemp supply chain.
- Cantourage has received a licence that will allow them to supply products to UK medical cannabis patients.
- Akanda is set to acquire Portugal-based Holigen and be granted EU-GMP market access.
- Little Green Pharma signs a sales agreement for the supply of medical cannabis flower into Germany.
- Can4Med has obtained Polish authorisation to supply medical cannabis products to pharmacies.
- Hemp Synergistics has collaborated with Rinus Beintema to deliver hemp-infused treatments for thousands of patients.
- CHILL Brands has announced a major reshuffle of its c-suite, including instating a 26-year-old CEO.
Highlights
United States
- 52 New York farms already operating in the hemp industry have received licences to cultivate cannabis.
- The Nevada governor says that cannabis is a revenue creator and a tool to invest in essential services.
- DEA and HIA lawyers spark a debate over the maximum level of THC in hemp and CBD. The US hemp industry is poised for growth in the international marketplace but first must overcome trade hurdles.
- MariMed receives approval from the Maryland Medical Cannabis Commission to acquire Kind Therapeutics.
- The federal government is set to return money seized from a legal cannabis company.
Highlights
Live Webinar
JOIN US FOR AN EXCLUSIVE EUROPEAN CANNABIS INDUSTRY WEBINAR
Join panellists from Prohibition Partners, and industry experts from sponsors of The European Cannabis Report: 7th Edition, including Cansativa Group, Fluence and Cantourage, as we discuss the trends driving the European cannabis industry forward, business opportunities, legislative momentum – and more.
Register to watch it live for free on Wednesday 27 April at 15:00 BST / 16:00 CET / 10:00 EST.
Highlights
Canada
- High Tide celebrated the 4/20 holiday by announcing the opening of two new retail cannabis stores.
- Health Canada approves Grapefruit USA’s time-release THC and CBD delivery cream for sale.
- Experts predict that the hemp trade is set to grow in Alberta now that big processing plants have arrived.
- Fire & Flower Holdings Corp. has entered into a one-year cannabis distribution agreement in Manitoba.
- The Valens Company reports a quarter 1 revenue increase of 26% to C$23.2 million.
- Sproutly announces that it has received a research licence from Health Canada to review technology ingredients.
Highlights
LATAM & The Caribbean
- The UN is set to hold an event in Paraguay, detailing how the country can be an example of hemp’s potential.
- Police in the Oaxaca de Juarez region of Mexico will no longer prosecute cannabis smokers.
- The Ministry of Science in Argentina has launched a Cannabis Research and Development programme.
- Cannabis consumers will carry out Fumaton for Peace in Colima at a long-standing cultural event.
Highlights
Upcoming Event
A LIMITED NUMBER OF ADVANCED TICKETS REMAIN – SAVE UP TO £100
Join us on 28 – 29 June for the most ambitious Cannabis Europa event to date, at the iconic Old Billingsgate venue on the bank of the River Thames. With a tidal wave of legislative momentum hitting Europe, there has never been a more crucial time to navigate the European market as it enters its most important phase.
Secure your Advanced Tickets for Cannabis Europa London and save up to £100 – sales end at midnight on Thursday 28 April.
Highlights
APAC
- Zelira Therapeutics has announced its execution of a binding scheme to acquire Health House.
- India’s first hemp cafe wants to open up conversations on cannabis and break the stigma around the plant.
- New Zealand’s first licence renewal and expansion will enable Helius to produce home-grown products.
- Cannabis advocates push for decriminalisation and removal from anti-drug campaigns in Taiwan.
- Figures from Australia’s TGA indicate the agency is busy with SAS Category B approvals for medicinal cannabis.
- After launching its first medical cannabis product, Rua Bioscience says there are more in the pipeline.
Highlights
Africa & The Middle East
- Zimbabwe Tobacco Board tells 145,000 farmers that a quarter of their income must come from hemp by 2025.
- MedTEC Pharma has signed a A$10 million product supply contract with a major pharma company.
- Yaakov Shachar establishes a new cannabis company with well-known medical cannabis patients named Plantis.
- Former DA MP says she supports the proposed amendments to the Cannabis for Private Purposes bill.
Insights
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