International Cannabis Weekly: 250

AUSTRIA SEES RECORD IMPORTS OF MEDICAL CANNABIS IN 2021

New data obtained by Prohibition Partners by means of a freedom of information process shows that Austria likely continues to have one of the largest populations accessing legal medical cannabis in Europe. However, progress in patient access is slow, and remains very restricted when compared to neighbouring Germany and especially so when compared to North America.

According to new data supplied by the Austrian Federal Ministry for Social Affairs, Health, Care and Consumer Protection (BMSGPK), 6,460 grams of dronabinol (pure THC) were imported into Austria in 2021, a 28% increase on 2020, but just 20% more than the previous peak in 2019.

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SPAIN IS SET TO BECOME THE LATEST COUNTRY TO LEGALISE MEDICAL CANNABIS

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CANNABIS TOURISM IN THE US ADDS MORE THAN US$17 BILLION TO LOCAL ECONOMIES

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• The German government is urged to focus on detail rather than speed in adult-use cannabis roll-out.
• Cellular Goods has slower than expected growth as it reports £13K revenue figures for the last six months.
• IMC has reduced the price of its cannabis extracts drastically so it is now below the illicit-market level.
• The adult-use cannabis market is receiving attention from overseas venture capitalists.
• The first CSU politician in Germany has come out in support of the legalisation of cannabis.
• The DGS provides an update on the status and potential opportunity of CBD within pharmacies in France.
• Cannamedical is conducting a study to contribute to research around the use of cannabis for pain management.

• Austin voters approve a referendum that prevents the city’s police from enforcing cannabis possession laws.
• Ayr Wellness reports its quarterly financial results, which saw a 90% increase in revenue year-on-year.
• Medical cannabis sales continue to fall in Arizona as adult-use increases significantly.
• South Dakota officials have verified that they have received enough signatures to qualify for the November ballot.
• Meredith Holt at Atlantia Clinical Trials says that science is the key to effective CBD regulations.
• Farming legislation that will establish the legality of industrial hemp in North Carolina has passed the senate.

There are just over four weeks to go until the biggest and most ambitious Cannabis Europa event hits London at the iconic Old Billingsgate venue. Over 75% of tickets have now been sold, so secure your seat today to avoid disappointment.

The two-day event will be filled with trusted insights and exceptional networking opportunities as the continent works towards a more mature legal industry. European cannabis is arguably entering the most important phase of its journey to date – will you be joining us in London to push things forward for cannabis in Europe?

As an exclusive for ICW readers, we are giving you 20% off tickets. Simply click the button below and the discount will automatically be applied.

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• After an initial pandemic boost, cigarette sales have slumped in New Brunswick, whilst cannabis sales have soared.
• Aurora Cannabis announces a US$125 million deal led by Canaccord Genuity and BMO Capital Markets.
• Prince George Airport has announced its partnership with Copilot, a dispensary that is pioneering cannabis for travel.
• Entourage Health’s Q1 revenue increased by 17% sequentially to C$12.4 million from the previous quarter.
• Item 9 Labs has acquired Sessions Cannabis as they look to fast-track into the Canadian market.
• Ikanik Farms announces name change to Pideka Group Inc. and will be known as PDKA on the securities exchange.
• Harvest One Cannabis Inc. has reported a jump in revenue, with higher sales of cannabis health products than the US.
• The Canadian federal government has sanctioned a drug decriminalisation programme in British Columbia.
• High Tide acquires Bud Heaven as it adds two established cannabis retail stores to its operation in Ontario.

• After four years of cannabis legalisation in Uruguay, nearly half of sales now take place within the legal market.
• The scope of Argentina’s ARICCAME is to encourage the ‘harmonious development of the industry in each region‘.
• A Brazilian bill to encourage research into cannabis in Goiania has been approved by the CCJ.
• PharmaCielo expects revenue to continue to grow in the next quarter as it ships 300kg of CBD oil to Spain.
• The favourite to win the Colombian presidency is a firm supporter of legalising cannabis.
• There has been a surge in Latin America for cannabis tourism as people seek out themed tours, bars and hotels.

• The Victorian government says it is on track to supply 50% of Australia’s medical cannabis by the end of the decade.
• The Japanese Ministry of Health is set to hold talks around the legalisation of cannabis.
• New Zealand-based Greenfern Industries has reported a patient increase of 42% month-on-month.
• Bhumjaithai party leader says the law changes around cannabis were the reason for success at the last election.
• The DLT in Thailand is pushing for a law that bans public transport drivers from using cannabis before driving.
• The Thai government is set to launch a mobile app next week so cannabis growers can register.

• Sweetwaters has produced one ton of 26% THC flower to be exported to an Australian pharmaceutical client.
• Medicinal cannabis growers in South Africa are looking to break into the European market, specifically Germany.
• Zambia National Service says plans are under way to put up a cannabis farm in Luapula Province.
• Cannabis liberalisation in Africa is welcome, but small producers are being priced out of the market.
• The largest cannabis pharmacy in Israel was opened this week by the global brand Cookies.
• Israeli researchers use a repurposed plant to grow cannabis with enhanced THC and CBG levels.