International Cannabis Weekly: 273

NEW YORK ON TRACK TO OPEN FIRST ADULT-USE CANNABIS STORES BY END OF 2022

The first New York recreational marijuana retailer licenses could be approved in about two weeks, a top regulator said on Thursday 3 November, at Business of Cannabis: New York conference, previewing plans for an upcoming Cannabis Control Board (CCB) meeting.

While nothing has been formally scheduled and announced yet, CCB is expected to meet on November 21 and potentially approve the first set of Conditional Adult Use Retail Dispensary (CAURD) licenses, Axel Bernabe of the Office of Cannabis Management (OCM) said at the Business of Cannabis conference in New York City.

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CANTOURAGE: FIRST MEDICAL CANNABIS FIRM TO LIST ON THE FRANKFURT STOCK EXCHANGE

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RESULTS FROM MIDTERM CANNABIS LEGALISATION MEASURES ARE IN

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• A dozen German Cannabis Social Clubs have founded an organisation to help people grow their own cannabis plants.
• Portugal’s first cannabis manufacturing company ATANN has successfully been granted its GACP licence.
• Thousands of CBD products in the UK are expected to be validated by the FSA in the coming weeks.
• An Isle of Man pharmacy is due to begin a medical cannabis dispensing trial next month.
• High Court test case against zero-tolerance cannabis policy in Ireland has been refused.
• Switzerland could become the second European country to legalise adult-use cannabis, following Germany.
• Akanda’s first shipment to Germany of high-THC premium cannabis has arrived from its Portugal-based operation.
• Leva Clinic has secured £3m of funding to accelerate innovation that could transform treatments for UK pain patients.
• Clever Leaves has been granted EU-GMP certification by the Portuguese Health Authority.
• Cannabis could be fully-legalised in the Czech Republic next year, with the planning process already in motion.
• Patients share their perspectives on medical cannabis at the UK’s first patient conference in London.

• TILT Holdings and Curaleaf enter a five-year manufacturing, supply and distribution agreement.
• Chicago Atlantic announces third quarter financial results, with a 13% revenue growth.
• Pennsylvania will award US$200,000 for marketing aimed at increasing sales of hemp products from the state.
• FDA urged by the National Industrial Hemp Council to approve hemp seed as animal feed.
• The US State of Virginia is set to acquire a new facility to produce fibre from hemp and other agricultural products.
• Maryland voters have approved the legalisation of adult-use cannabis in a constitutional amendment.
• A cannabis legalisation ballot measure was approved by Missouri voters on Tuesday.
• Sean ‘Diddy’ Combs is the latest celebrity to enter the cannabis market, with a reported US$185 million purchase.
• MariMed announces third quarter 2022 financial results with a 3% revenue increase.
• South Dakota voters given another chance to decide on the cannabis legalisation ballot initiative.

• Canopy Growth Corporation reports second quarter fiscal year 2023 financial results, with 7% revenue growth.
• Juva Life has started construction on its Californian retail location, expected to open early 2023.
• Nova Cannabis has announced its third quarter 2022 financial results, with a 4.6% revenue increase.
• Repeat cross-sectional study shows consumer perceptions of legal cannabis products in Canada 2019-2021.
• Village Farms International has announced financial results for the third quarter of 2022 financial year.
• Delta 9 announces it has entered into an agreement with Kindred Partners to provide exclusive brokerage services.
• More retail dispensaries adjacent to existing Circle K stores to be opened by Fire & Flower.

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• Adult-use cannabis legalisation in Colombia could go ahead, following the vote of support.
• Seven million Peruvians could benefit from the properties of medicinal cannabis, according to a recent study.
• Patients in Peru will have access to medical cannabis from Clever Leaves following its recent partnership.
• Chamber of Sorocaba in Brazil debates on the rights of patients to use national or imported cannabis-based medicines.
• The current changes in the Brazilian political arena and CFM controversy give strength to cannabis events.
• The first licence for the cultivation and exportation of industrial hemp in Costa Rica has been granted.

• New Zealand organic grower Puro teams up with Medical Kiwi to export medicinal cannabis products to Europe.
• Recently-released Asian Cannabis Report suggests that cannabis sales across Asia could skyrocket by 2026.
• Sleep experts hire a group of volunteers in Australia to trial cannabis capsules to combat insomnia.
• Cann Group progresses commercial negotiations with GlaxoSmithKline’s consumer healthcare division, Haleon.
• The first legal import of cannabis has now landed on Australian shores, after extensive negotiations.

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• IM Cannabis is exiting the Canadian market to focus its efforts and resources on growth in Israel and Germany.
• Lotus Ecoculture partners with PhytoSciences to deliver premium medical cannabis products from Malawi.
• Update on international patent application process for Israeli BYND Cannasoft revolutionary EZ-G device.
• Bassani Medical, GreenZone and AEssenseGrows announce production of world-class medical cannabis.