International Cannabis Weekly: 265
Highlights
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.
RHODE ISLAND LEGALISES CANNABIS FOR RECREATIONAL USE
EUROPE’S ADULT-USE THC TRIAL DELAYED AFTER FAILING TO MEET QUALITY STANDARDS
Highlights
Europe
- The German Bundestag is sending eight members of the PHC to the US to draw on cannabis legalisation inspiration.
- Iuvo Therapeutics explores new cannabis sources in Israel ahead of German cannabis legalisation.
- 61% of Germans support the Traffic Light Coalition’s plan to legalise and regulate cannabis.
- Despite the slight dip in Futura Medical’s stock price, the company is preparing for FDA approval.
- Italy’s Fratoianni and Bonelli have presented their proposal for the legalisation of cannabis.
- The French socialist senator Gilbert-luc Devinaz says that ‘legalisation is the least bad solution’.
- UK CBD companies are looking to diversify amid fears of a declining economy and global financial crisis.
- PharmaCielo announces their first shipment of dried cannabis flower to the Czech Republic.
- Akanda have partnered with Cookies to bring high THC strains to European customers.
- Somai Pharmaceuticals formally opens one of Europe’s largest cannabis production facilities.
Highlights
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.
Highlights
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.
Highlights
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Highlights
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.
Highlights
APAC
- Royal Queen Seeds opens a cannabis store in Bangkok following decriminalisation in Thailand.
- Listed New Zealand firm Cannasouth has raised NZ$3.18 million via a rights offer and oversubscription bookbuild.
- AusCann has invested A$3.5 million into its joint venture with Eurocann in a bid to expand to European markets.
- Greenfern Industries, Hemp Connect and Callaghan Innovation have been awarded agrant to advance hemp waste research.
- Research from the University of Sydney finds most Australians are still medicating with illicit cannabis.
- The House of Representatives in Bangkok withdrew a bill on cannabis and hemp legalisation.
Highlights
Africa & The Middle East
- Israeli media tycoon Yariv Lerner bought 15% of Farmoken, who intend to start importing cannabis.
- South Africa cannabis products firm Cilo Cybin are set to list on the Johannesburg Stock Exchange.
- Safricanna has executed its first export deal as they plan to invest US$40 million to ramp up production.
- The MoH is stopping the growth of Farmoken’s farm next month due to technical issues.
- Isracann Biosciences announces that it has facilitated its first shipment of cannabis to Israel.
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