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International Cannabis Weekly: 247

May 13, 2022

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MEDICAL CANNABIS PATIENTS CAN PLAY AN IMPORTANT ROLE IN PUSHING THE INDUSTRY FORWARD

The most recent figures from The European Cannabis Report: Edition 7 disclose that the number of privately prescribed, unlicensed medical cannabis items dispensed in the UK last year jumped 425% to 23,466.

Despite this blistering growth, patients repeatedly cite feeling forgotten and disconnected from both medical professionals and the businesses who rely on them to continue operating.

Ahead of Cannabis Europa London 2022, taking place between 28 and 29 June, BusinessCann spoke to Professor Mike Barnes about why this is and what can be done to solve this disconnect between patients, doctors and businesses.

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GERMANY TO UNVEIL A CANNABIS LEGISLATION PLAN FOR SECOND HALF OF 2022

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AN EU C02 REMOVAL INITIATIVE SELECTS A HEMP FIRM TO FOSTER CLIMATE SOLUTIONS

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Europe
  • Sadiq Khan has announced a commission to examine the effectiveness of the UK’s drug laws, with a particular focus on cannabis.
  • The European Medicines Agency is set to publish terms and definitions for medical cannabis.
  • Florence firms have until the end of June to express their interest in cultivating medical cannabis to support the military.
  • Grow Group plans an IPO in ‘next 12 months’ as it continues to monitor the space following German expansion.
  • After hearing the presentations of 23 experts in Spain, the government will now debate a proposal to regulate cannabis.
  • Khiron Life Sciences achieved 240% growth in Q1 compared to the entirety of the previous year.
  • Guernsey has its sights set on boosting the economy through the legalisation of cannabis.
  • Lausanne is looking to recruit a thousand volunteers to sell legal cannabis for its new adult-use pilot project.
  • Aurora Cannabis launches new EU GMP extracts to expand therapy options for cannabis patients in the UK.
  • Tej Virk, CEO of Akanda Corporation, calls for the Portuguese government to legalise cannabis before Germany.
  • The youth wing of the Centre Party in Finland supports the decriminalisation of cannabis for medical purposes.

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Upcoming Event

 

LAST CALL FOR SPONSORS AND EXHIBITORS FOR CANNABIS EUROPA

Position your company as an internationally recognised leader and be at the heart of the cannabis industry in June at Cannabis Europa. Get exposure for your brand by sponsoring the event or exhibiting with us through our customisable booths.

The deadline to sponsor or exhibit at Cannabis Europa 2022 closes imminently.

GET THE AGENDA »

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United States
  • Michigan cannabis sales increased 27%, compared to both March and a year ago, to US$195 million in April.
  • The growers, distributors and retailers of cannabis in the US are becoming frustrated with federal tax law.
  • A Missouri advocacy group has submitted the signatures needed to add adult-use legalisation to ballots this November.
  • Texas voters have approved a local ballot measure to decriminalise cannabis in the state.
  • AOAC International partners with Signature Science as its material provider for a new hemp proficiency programme.
  • Nextleaf announced an agreement with Hempcrete Natural to commercialise certain intellectual property.
  • NJ Cannabis Insider will host the state’s first-ever Cannabis Business Awards, celebrating those that shape the industry.
  • Acreage Holdings Inc. plans to leverage its cannabis medical market presence as adult-use sales open up in New York.

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Canada
  • After three years of cannabis legalisation in Canada, it is reported that the black market is in free fall.
  • FSD Pharma announces that it has closed the sale of its cannabis facility for C$16.4 million in cash.
  • Mendo signs an agreement with NOYA Cannabis to be its exclusive distributor in Canada.
  • US firm BLAZE acquires Canadian software company Greenline in a bid to enter a federally regulated market.
  • Nova Cannabis Q1 revenue has increased gross sales by 95% and revenue by 5% to C$49.8 million.
  • Tilray has launched a highly concentrated, balanced cannabis extract, with more than 10mg of THC content.
  • Village Farms International’s first quarter financial results show a 34% year-on-year increase in revenue.
  • Police are investigating a retailer data breach of sensitive data at the Ontario Cannabis Store.
  • Flora Growth signs an exclusive deal with Ontario Cannabis Store to list products from its new brand Vessel.

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Sponsorship

GET THE MOST FROM THE EUROPEAN CANNABIS REPORT: 7TH EDITION

Position your brand at the forefront of the North American cannabis industry and get in front of largest B2B cannabis network in the world. Business of Cannabis: New York attracts a diverse and international audience of business leaders and key decision makers from a variety of professional industries.

As New York gears up for cannabis retail sales in September, now is the perfect time to join the cannabis conversation and get in front of key decision makers.

APPLY TO BE A SPONSOR »

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LATAM & The Caribbean
  • Anvisa is holding a virtual webinar on clinical research into medical cannabis as it aims to guide businesses.
  • A senior minister in Argentina has stated that the cannabis law is going to ‘give much well-being to the nation’.
  • According to a recent study, the legalisation of cannabis in Uruguay hasn’t increased consumption in young people.
  • The first cannabis consumption lounge in St Vincent has opened at the Coconut Grove Beach Club.
  • Advances in hemp regulation are needed in Brazil in a bid to help the agriculture industry.
  • Activists in Ecuador demand that adult-use cannabis be made legal in the country.

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APAC

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Africa & The Middle East
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