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International Cannabis Weekly: 276

December 2, 2022

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PRE-REGISTER – THE GLOBAL CANNABIS REPORT: 3RD EDITION

Progressive drug policy regarding cannabis at the global level has been an overwhelming success in 2022. Legalisation of high-THC cannabis for non-medical purposes will soon be a reality in several countries around the world, with some nations such as Germany and Colombia recently announcing their intention to legalise.

Decriminalisation of adult-use cannabis is also progressing globally, which may be a precursor to commercial legalisation in some regions. Conversely, medicinal cannabis hasn’t progressed as quickly in 2022 as in previous years, with just a few countries declaring their interest to legalise. Indeed, some countries have taken a backward step and increased criminalisation procedures in terms of cannabis possession.

Pre-register your interest in The Global Cannabis Report: 3rd Edition and we’ll send you a FREE copy when the report is released. Additional paid-for data packages will also be available. 

PRE-REGISTER »

SPANISH MINISTRY OF HEALTH DRAFTS A LAW THAT WILL REGULATE MEDICAL CANNABIS

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NEW LEGISLATION ENSURES CANNABIS BUSINESSES WILL BE ELIGIBLE FOR SBA LOANS

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Europe
  • Prohibition Partners Co-Founder named as 40 under 40 within the cannabis industry.
  • As its neighbours become closer to legalisation, Poland’s medical cannabis and hemp industry could flourish.
  • A basic legislation proposal for introducing a regulated cannabis market in Czechia will be ready by March.
  • A Milan city councillor has asked the Councillor for Welfare to legalise medicinal cannabis.
  • The UK’s MHRA has released new guidance for medicinal cannabis companies operating in the UK.
  • Recent surveys suggest that many patients in the UK are still accessing medication through the legacy market.
  • A Nottinghamshire bespoke medicines manufacturer has been acquired by cannabis company Avida Global.
  • Cantourage, Cannabis House and Together Pharma partner to increase the availability of cannabis in Poland.
  • Malta will now start the procedure of opening cannabis social clubs in February 2023.

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Stocks

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United States
  • Herb reviews this year’s Business of Cannabis: New York and what you could have missed out on.
  • New York’s equity-focused rollout of its cannabis market relies heavily on a US$200 million fund.
  • Nevada’s Cannabis Compliance Board has held lotteries this week to select cannabis lounge licences.
  • Major shifts are expected in the North American cannabis industry in the coming years, particularly for investors.
  • South Dakota medical cannabis patients won’t be denied hunting licences, says expert.  
  • Halo Collective looks to increase its production to max capacity at its Oregon facility to meet demand.
  • Cannabis businesses in Michigan are set to offer free cannabis to veterans in the state.
  • The Minnesota Department of Health will add IBS and OCD to the list of qualifying medical conditions to access cannabis.
  • Idaho activists have begun collecting signatures for a medical cannabis legalisation initiative.

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Canada

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Book your seat for 23 May 2023 now  join the global industry in London to set the framework for cannabis going mainstream across Europe.

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LATAM & The Caribbean
  • The presidents of Colombia and Mexico have announced they will work together to reshape drug policy.
  • An agriculture conglomerate has received the first authorisation to grow and process hemp in Costa Rica.
  • Anvisa has approved the manufacture of another medical cannabis product in Brazil.
  • A new study has revealed that cannabis tourism can attract 100,000 potential customers per year in Uruguay.
  • Khiron Life Sciences reports a 24% drop in revenue for Q3, primarily due to reduced sales in Colombia.

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APAC
  • Legalise Cannabis Victoria is cautiously optimistic it can win two upper house seats in the state election.
  • Greek Australian Rob Keldoulis has bought a 44-hectare medicinal cannabis farm in Tasmania.
  • Three new high-THC cannabis flower products have landed in Australia from Little Green Pharma.
  • Cronos Australia is exploring overseas expansion and distribution of non-cannabis products to grow the business.
  • Cannabis sales in Asia could skyrocket by more than 10 times their current size by 2026.
  • A Korean pharmaceutical firm will partner with a Japanese company to develop a CBD ‘film’ for oral intake.

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Africa & The Middle East
  • A publicly traded company switches from cannabis to real estate as Israel’s cannabis market withers.
  • Israel’s largest commercial quantity of cannabis extract is being exported to Europe by Cannbit-Tikun Olam.
  • Deputy minister says the cannabis sector shows huge potential for eradicating poverty in South Africa.
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