International Cannabis Weekly: 269

FINAL AGENDA NOW RELEASED FOR BUSINESS OF CANNABIS: NEW YORK

The final agenda for Business of Cannabis: New York has been released and we’re excited to be bringing you a day-long programme to highlight the promise of New York as the new global capital of cannabis.

On 3 November, we cover the most pertinent trends within the industry and touch upon the areas of regulation, investment, innovation, social equity and much, much more. View the full agenda today.

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NYC MAYOR APPOINTS DASHEEDA DAWSON AS CANNABIS NYC DIRECTOR

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A KEY STUDY INTO THE COST-BENEFIT OF CANNABIS ON THE NHS HAS LAUNCHED

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• AVAAY Medical launches new medical cannabis strains for patients on the German market.
• Legal challenges against Juicy Fields are growing, but concerns are being raised about ‘putting blame on victims’.
• Ethypharm Germany is set to hold its second expert consultation on medicinal cannabis.
• Akanda becomes the second cannabis company in less than six months to face possible NASDAQ delisting.
• A new report has found that hemp has the potential to make Scotland’s agricultural sector carbon neutral.
• Campaigners state that adverts for an illegal cannabis brand demonstrate the huge demand for the plant.
• Senior partners of BCL Solicitors LLP share their views on a blueprint for the UK cannabis industry.
• The Social Affairs Commission in France extends the extension of the experimentation of medical cannabis.

• President Biden’s cannabis reform commitment could have a tremendous international impact.
• The governor of North Carolina is backing cannabis decriminalisation and says it’s time to ‘end the stigma’.
• Chill Brands has seen its shares rise by 15% following the launch of its new sales pilot programme.
• Charlotte’s Web Holdings has signed a deal with Major League Baseball to become its official CBD sponsor.
• Planet 13 has expanded its operations in Nevada and is aggressively pursuing growth in Florida.
• Deputy director of NORML says President Biden needs to go further on reform and prioritise cannabis legalisation.
• Businesses are becoming more invested than ever in ESG practices for sustainability benefits.
• The 2022 hemp harvest in the US is expected to shrink by nearly 50% this year, according to government figures.
• Six months after New Mexico launched legal recreational cannabis, sales figures are hitting US$40 million a month.
• Kansas lawmakers plan to draft a new cannabis reform bill after holding the first of three hearings.
• Biden’s cannabis pardons don’t apply to veterans but will increase the number of eligible applicants.

FINAL CALL TO SPONSOR THE ASIAN CANNABIS REPORT

This is your final call for a unique opportunity to sponsor the Asian cannabis report and promote your business to one of the largest audiences in the global cannabis industry. Enquire by the end of this week to avoid missing out. 

Get in front of the readers of the report: retailers, investors and those from the pharma industry who are looking to diversify into the cannabis space. As the cannabis market across Asia continues to grow, sponsorship is an invaluable opportunity to position your brand at the forefront of the industry.

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• SNDL Inc. has announced that it has completed its export of 167 kilos of dried flower from Canada to Israel.
• Canadian retailer High Tide is set to establish a retail footprint in the emerging adult-use German cannabis market.
• A new study shows that home cultivation levels have remained unchanged since cannabis legalisation.
• Heritage Cannabis announces it is entering West Virginia after Harvest Care received its processing licence.
• Agra Ventures has applauded US President Biden’s statement on cannabis reform.
• Tilray reports Q1 cannabis revenue of US$58.6 million, an increase of 10% from the previous quarter.
• Aurora Cannabis Inc. announced it has repurchased C$31.3 million of its convertible senior notes.
• TerrAscend announced the closing of U$45.5 million non-brokered debt financing.

• Prime Minister Drew has said that St Kitts could become the next Caribbean nation to establish a medical cannabis industry.
• Cannabis Conicet, a technology-based public company, has been formed to promote the Argentine cannabis industry.
• The 2nd edition of the THC Expo will bring together the Chilean cannabis community.
• A new agency in Argentina, ARICCAME, will be in charge of regulation and control and the issuing of licences for cannabis.
• ADREXpharma imports highly potent cannabis flowers from Colombia for the first time.
• Brazil has elected 11 pro-cannabis deputies for the legislature, 5 federal and 6 state.
• Brazilian cannabis associations reaffirm their fight for a more democratic access to medical cannabis.

In 2021, the North American cannabis industry continued to grow and showed more promise than ever, with New York, New Jersey, Virginia, New Mexico, Montana and Connecticut all enacting, amending or passing adult-use cannabis legalisation.

There has also been a wealth of optimism for full federal legalisation in the US after President Biden was elected and the Democrats took control of the Senate. This has been further affirmed by the news last week that Biden is serious about cannabis reform, pardoning those with minor cannabis possession convictions. 

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• Japan’s Ministry of Health, Labour and Welfare has recommended allowing imports of cannabis for medical use.
• The joint venture of Wellnex Life and OneLife Botanicals has completed the acquisition of MediPharm Labs Australia.
• Cronos has secured two licences from the Victorian government to enable the operation of the MDC.
• A medical cannabis study into easing the symptoms of children in palliative care is set to take place in Australia.

• Intercure is in negotiations for the purchase of Cannassure, but no binding agreement has been signed.
• A study in Israel discovers that CBD is highly effective in adults with refractory epilepsy.
• BetterSeeds announces that the first-ever shipment of medical cannabis seeds from Israel has arrived in Canada.
• Panaxia and Neuraxpharm are set to enter new medical cannabis markets in the Czech Republic and Switzerland.
• The African Hemp and Cannabis Report suggests corporate firms should be taxed to fund mental health programmes.
• Avant Brands and IM Cannabis jointly announced the launch of BLKMKT in Israel.