International Cannabis Weekly: 254
Highlights
ENTER THE 2023 FLASH SALE FOR CANNABIS EUROPA
On Wednesday we wrapped up Cannabis Europa for 2022 which covered the biggest challenges and opportunities facing the European cannabis market.
To celebrate the end of a fantastic conference and expo, we are launching a flash sale which gives you 20% off our super early bird tickets for 2023. The sale ends at midnight tonight. Get in quick – blink and you’ll miss them.
‘WE’RE IN A BEAR MARKET, BUT EUROPEAN CANNABIS IS A BULL’
‘RECOGNISE THE IMMEDIACY OF THE OPPORTUNITY TO HELP PATIENTS’
Highlights
Europe
- The German government has been in consultation this week for their move towards adult-use cannabis legalisation.
- Cannabis is being used as a successful therapy to treat sleep deprivation in German type 2 diabetes patients.
- A new report calls for the overhaul of how medical, industrial and consumer cannabis is regulated in the UK.
- The Lithuanian parliament has voted in favour of decriminalising the possession of small amounts of cannabis.
- The EFSA’s request for human CBD toxicology data blurs the lines of being a Food Authority.
- The Minister of Justice for Luxembourg wants national production of cannabis and not just home cultivation.
- 6 months after attaining ANSM approval, Overseed is launching a R&D programme in the cultivation of medical cannabis.
- Medical cannabis could be available in Spanish pharmacies by as soon as the end of this year.
Highlights
Upcoming Event
As well as ticket sales opening up for 2023, we also have a flash sale on sponsorship opportunities for next year. Get a 20% discount on our various sponsorship packages for 2023 to elevate your brand in front of a dedicated B2B cannabis audience.
Join the brands that have seen the uplift from their brand exposure this year and increase your brand profile for 2023. Book now and pay later.
Highlights
United States
- US Congressman Ed Perlmutter’s latest attempt to pass the SAFE Banking Act has failed.
- The Capital Lending and Investment for Marijuana Business Act could offer an alternative to the SAFE banking Act.
- Patients in Virginia will now be able to access medical cannabis quickly as they will not have to register with the board.
- Greenlane sells its headquarters, as well as disposing of excess and obsolete inventory to raise US$30 million.
- Adult-use cannabis sales are likely to commence in Rhode Island from as early as December 2022.
- Illinois is awarding US$45 million in cannabis tax funded grants to support communities affected by drugs.
- Baseball league officials have stated that MLB teams will now be allowed to be sponsored by CBD firms.
- Retail focused cannabis company Gaby is focused on continued growth in the Californian market.
- The first state-sanctioned cannabis consumption lounges could open before the end of the year in Nevada.
Highlights
Canada
- Decibel Cannabis Co. has stated that it has received certification to export its cannabis products internationally.
- Cronos Group has partnered with Geocann to leverage VESlsorb technology for faster absorption.
- There has been a new dedicated space created for those smoking cannabis at Grand Bizzare.
- Aleafia Health has announced a record CA$43.1 million net revenue in 2022, with CA$8 million of this for branded cannabis.
Highlights
Upcoming Event
The International Cannabis Business Conference is coming back to Germany on July 19-20th. Offering world-class networking opportunities, the Berlin International Cannabis Business Conference is the largest B2B cannabis trade event in Europe and the longest-running cannabis B2B conference on the continent. Representatives from 85 countries are expected to attend, and the event will feature over 300 exhibitors and sponsors.
The conference will feature a unique blend of cannabis policy, advocacy, industry, and networking. In addition to the Berlin B2B event, the International Cannabis Business Conference will also offer a one-day Global Investment Forum on July 18th.
Highlights
LATAM & The Caribbean
- The advances in the cannabis industry has been notable in Argentina, especially around education offering at Universities.
- From July 6 – 8 the ExpoCannaBiz Business Conference will return to Colombia.
- The Brazilian publication ‘Epoca Negocios’ cites VerdeMed Cannabis as a company that will change healthcare.
- Khiron Life Sciences continues its medical cannabis expansion in Colombia, Peru, Mexico and Brazil.
Highlights
APAC
- Greenfern Industries has secured a lucrative export deal that could be worth more than $1.6m.
- Australis Capital has announced a collaboration with the Black Institute Group to work on social equity initiatives.
- Thailand is holding a year-end international exhibition to highlight hemp and cannabis production.
- A huge new hub for manufacturing medical cannabis sleep capsules has been built in Victoria.
- New Zealand company Rua BioScience is on track to selling its medical cannabis pain relief product into Germany.
Highlights
Africa & The Middle East
- The National Drug Law Enforcement Agency says Nigeria is a major cannabis cultivating and consuming country.
- Two years after officially legalizing medical cannabis, Uganda exported its first grams of medical cannabis to the UK.
- Over the last two years medical cannabis has risen to over 40% more expensive than the US and Canada.
- Israeli based Intercure expands in Europe by opening a cookie store in Vienna, Austria.
Insights
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