International Cannabis Weekly: 294

DON’T MISS OUT ON AN OPPORTUNITY TO BE AT THE FOREFRONT OF CANNABIS IN EUROPE

Cannabis Europa London returns on 2-3 May to the iconic Barbican Centre and we want you to position your brand alongside internationally recognised leaders in the cannabis space.

There are a very limited number of sponsorship and exhibitor opportunities available and the deadline for applications is closing.

Apply to become a sponsor, exhibitor or both by contacting Will Sloane –will@prohibitionpartners.com – to register your interest.

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GERMANY’S CANNABUSINESS COMMUNITY UNDERWHELMED BY PROPOSED NEW LAWS

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CANNABIS LEGALISATION COULD BE PRESENTED TO THE PORTUGUESE PARLIAMENT

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• Europe takes major step to wholesale cannabis reform as German adult-use plan unveiled.

   

• The European medical cannabis industry is expected to achieve sales of €550 million by the end of the year.

   

• SW4 partners release research report on Somai Pharmaceuticals, one of Europe’s largest EU-GMP cannabis manufacturers.

   

• Reports from Germany indicate that the draft law could include decriminalisation and cultivation for personal use.

   

• From a regulatory ‘void’: The experience of the leading medical cannabis clinic in Spain.

   

• Up to five grams per day. The Czech Republic is preparing for a regulated cannabis market.

   

• Hundreds of French medical cannabis patients at risk of losing access to treatment after supplier pulls out of trial.

   

• Hempacco announces opening of European office as part of international expansion strategy.

   

• Swiss cannabis liberalisation gathering pace with a dozen more trials in the pipeline.

BECOME A CANNABIS EUROPA VIP | LIMITED TICKETS AVAILABLE

Attending Cannabis Europa London as a VIP unlocks a number of unique benefits during the conference, providing you with a premium networking experience.

Included with all VIP tickets:

• VIP-only networking breakfast (2 May)
• VIP-only drinks reception in the Barbican Conservatory (3 May)
• Priority access to the event networking app
• Full conference catering on both days
• Just 25 of these strictly limited, exclusive VIP tickets are still available. Get yours before they sell out imminently!

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• Connecticut racked up more than an estimated US$22 million in legal cannabis sales last month.

   

• Texas House approves bill to allow medical cannabis as opioid alternative and replace THC limit.

   

• AYR Wellness Inc. announced that it has closed the acquisition of Tahoe Hydroponics Company, LLC.

   

• An Alabama CBD maker has said it will go to court to try to quash an order by state health officials.

   

• Jushi Holdings announces the closing of a secured commercial loan with FVCbank for gross proceeds of US$20 million.

   

• Arkansas lawmakers pass bill protecting medical cannabis patients’ gun rights, sending it to governor’s desk.

   

• Bipartisan cannabis legalisation bill passes New Hampshire House again, heading to Senate.

   

• British American Tobacco will invest US$10 million for a stake in a new joint venture with Colorado hemp companies.

   

• New Mexico governor signs cannabis expungements processing bill to build on legalisation law.

   

• Illinois adult-use cannabis sales rose 11.9% sequentially in March to US$134.8 million.

• Ontario’s largest municipality without any legal cannabis retail stores is set to reconsider its prohibition.

   

• Organigram: net revenue of C$39.5 million, up 24% from C$31.8 million in the same prior-year period.

   

• Tilray Brands Inc said on Monday it would buy Canadian cannabis company Hexo Corp for US$56 million.

   

• A survey of medical cannabis patients in Canada provides some fascinating insights, and a few unsettling ones.

   

• Tilray Brands’ medical cannabis division has expanded its European footprint across the Czech Republic.

   

• RISE Dispensaries launches e-cookbook, containing recipes infused with cannabis, the newest pantry staple.

ACCESS PREMIUM DATA WITH THE EUROPEAN ADULT-USE REPORT

A 70+ page report on adult-use markets in Europe is available to purchase, focusing on developments in Germany, Czech Republic, Switzerland and the Netherlands. This package also includes adult-use market sizing forecasts (2023-2027).

ACCESS THE DATA »

• After 50 years, Argentina harvests industrial hemp, which had been banned by the military dictatorship.

   

• Island state of Antigua and Barbuda becomes first Caribbean country to allow Rastafari to grow cannabis.

   

• Curaçao has been waiting for answers from the cabinet about medicinal cannabis for years.

   

• Brazil Commission on Human Rights and Participatory Legislation of the Federal Senate discuss medical cannabis.

   

• Clever Leaves secures exclusive agreement with Praetorian for cannabis genetics production in Colombia.

   

• Attorney General in Bahamas has said a draft bill to regulate the cannabis industry should be ready within the next month.

• MGC Pharma’s CannEpil treatment for drug-resistant epilepsy is now available in the UK by Named Patient Request.

   

• New Zealand’s Helius Therapeutics has received GMP certification for the drying and finishing of medicinal cannabis flower.

   

• Himachal Pradesh assembly in India forms panel to explore possibility of legal cultivation of cannabis.

   

• Aurora Cannabis and MedReleaf Australia launch IndiMed Tempo 26 for medical cannabis patients.

• After about 20 years, Israel’s Tikun Olam stops growing cannabis, and lays off dozens of employees.

   

• Progress reported on hemp in South Africa, but critic says small farmers left out.