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International Cannabis Weekly: 265

September 16, 2022

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WATCH THE NORTH AMERICAN CANNABIS REPORT: 3RD EDITION WEBINAR

Catch up with the North American Cannabis Report: 3rd Edition report webinar, where the panel members unearth the true potential of the North American market.

In partnership with some of the report’s sponsors – Leafly, CannDelta and CannaBusiness ERP – the panel have come together to explore the trends, challenges and opportunities in the North American cannabis industry during this live webinar.

Speakers include: Yoko Miyashita, Chief Executive Officer of Leafly; Lucas McCann, Chief Scientific Officer & Co-Founder of, CannDelta; Chris Milan, VP of Sales, CannaBusiness ERP; Conor O’Brien [MODERATOR], Senior Analyst at Prohibition Partners.

WATCH NOW »

RHODE ISLAND LEGALISES CANNABIS FOR RECREATIONAL USE

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EUROPE’S ADULT-USE THC TRIAL DELAYED AFTER FAILING TO MEET QUALITY STANDARDS

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Europe

 

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Stocks

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United States
  • US lawmakers call on four government agencies to study the environmental impact of cannabis cultivation.
  • The USA’s National Hemp Growers Cooperative has partnered with Alabama University on hemp bioplastic potential.
  • New Jersey regulators have approved guidance stating employers cannot penalise workers based on a drugs test.
  • The US Treasury has sent the White House its proposal to start collecting data on cannabis businesses from banks.
  • Florida-based company Trulieve deposits US $5 million into the 2024 Florida ballot on cannabis legalisation.
  • The Missouri Appeals court rules that a petition to legalise recreational cannabis will stay on the ballot.
  • Californian parents who consume cannabis are no longer at risk of losing custody.
  • The Illinois Department of Finance and Regulations reported that cannabis sales in 2022 surpassed US$1 billion.
  • US cannabis sales are predicted to reach US$42 Billion by 2026, despite ongoing issues with inflation.
  • A Montana legislative committee has proposed keeping adult-use dispensaries out of the state for two more years.
  • Medical cannabis sales have dropped to their lowest point since legalisation in Colorado.
  • New York’s cultivators have battled the elements to grow the state’s first legal crop of adult-use cannabis.

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Canada
  • Non-medical cannabis sales have risen by 21% in Canada so far in 2022 compared to this time last year.
  • Wholesalers in Quebec and Alberta reportedly don’t want to be associated with Hexo and Tyson 2.0 partnership.
  • Canada corp receives common shares of Delta 9 Cannabis Inc in exchange for three retail stores.
  • Ovation Sciences, a cannabis product development company, has acquired a new patent for its THC and CBD products.
  • The Supreme Court of Canada will rule on whether Quebecs ban on growing for personal use is constitutional.
  • Canada’s RAMM Pharma Corp. has purchased HemPoland for C$1.2 million, just 10% of its sale price in 2019.
  • A new cannabis market report from EY says the cannabis industry is in need of change, including government support.

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Upcoming Event

20% OFF BUSINESS OF CANNABIS: NEW YORK TICKETS

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Simply use the link below which will automatically apply 20% off your Business of Cannabis: New York tickets.

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LATAM & The Caribbean
  • Khiron Life Sciences have been awarded ‘Best Latin American cannabis company’ at Cannabis Capital Conference.
  • Azucarera El Viejo has announced it will build a world-class medical cannabis cultivation facility in Costa Rica.
  • The NDMCI and the University of Sao Paulo launch a panel that will discuss the use of medical cannabis.
  • President Gustavo Petro has said that after six years of cannabis legalisation, the market needs reform.
  • The National university in Colombia offers a genetic testing service to understand the type of cannabis consumed.
  • In Colombia, regulation for adult-use cannabis has returned to the Congress of the Republic.
  • Regulation promotes Peru as an export platform for cannabis products, despite challenges with low demand.

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APAC

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Africa & The Middle East
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