International Cannabis Weekly: 298
NEW DETAILS ABOUT GERMAN ADULT-USE LEGALISATION ANNOUNCED
More details of Germany’s proposed bill to regulate adult-use cannabis clubs have come to light a week after the first draft of the highly anticipated legal framework was submitted to the ‘departmental vote’.
Early information published in local media suggests that Germany’s proposed cannabis clubs will likely be purely ‘cultivation associations’, with consumption of cannabis banned anywhere within a 250-metre radius.
WORLD-FIRST TRIAL OF CANNABIS-BASED DRUG FOR BRAIN TUMOURS LAUNCHED
CANNABIS SALES IN MISSOURI HIT US$1 BILLION IN FIRST THREE MONTHS
- Malta is considered a model state for EU with regard to its cannabis laws; however, users still have to wait to buy.
- A new study which highlights the benefits of cannabis extracts will be presented at the British Pain Society.
- Natural CBD to be considered again as a traditional food by European hemp leaders.
- Despite the cannabis industry continuing to face numerous challenges, Cannabis Europa proves the sector is here to stay.
- GPs are being urged to prescribe medicinal cannabis in a new UK campaign.
- Another French tender for medical cannabis was won by Australia’s Little Green Pharma (ASX:LGP) for a third year.
- EU countries pushing the legalisation of cannabis continue to get pushback from European Union.
BUSINESS OF CANNABIS: NYC SESSIONS – TICKETS ON SALE NOW
Whilst licenses are finally being issued in New York, grey market operators are still taking a big slice of the pie. How are the first legal dispensaries to enter the industry faring? How will the next wave of operators perform? How soon until we see progress in regards to consumption spaces?
Join us in the heart of the Big Apple for an intimate night of talks, networking, an open bar providing beer and wine all night, plus a dedicated cannabis consumption lounge.
- Anit-cannabis discrimination bill signed by Washington State Governor protects workers from employment discrimination.
- US senators urge committee to extend cannabis industry access to federal Small Business Administration (SBA) services.
- Governor regulates cannabis market by implementing Maryland voter-approved referendum.
- Vermont regulators analyse the impact the SAFE Banking Act could have on the cannabis industry.
- As more US states legalise cannabis, rates of use among high school students continue to decline.
- Pennsylvania lawmakers have filed new bills to legalise cannabis sales through state-run stores.
- Insufficient and weak demand results in Trulieve missing projected revenue for the first quarter.
- A PH&S Law Enforcement Coalition has been formed to educate and participate in state and federal cannabis policy.
- Village Farms has announced its financial results for the first quarter, with cannabis sales dropping 10% in the first quarter.
- Cronos Group announces its 2023 first quarter business results with a 12% sales decline.
- Aeropay partners with KindTap to provide its cannabis industry customers with access to consumer credit for purchases.
- Heritage Cannabis to launch a wide range of products in the New York market this summer.
- In response to a decision to cancel prior agreements, the Madawaska First Nation has developed its own cannabis tax law.
- Canada House Cannabis Group announces the departure of its CEO.
DUTCH MEDICAL CANNABIS EXPORTS AT LOWEST LEVEL SINCE 2018
Measured by export volume, the Netherlands no longer occupies the position it did some five years ago as one of the leading global exporters of medical cannabis. According to exclusive data received by Prohibition Partners from the Dutch Office of Medicinal Cannabis (OMC), total exports in 2022 reached just 3,277 kilograms, its lowest level since 2018.
While not an insignificant amount, this means the Netherlands barely ranks in the top five export countries with Canada, Portugal, Australia and Denmark now estimated to ship greater quantities internationally and there is a strong likelihood that exports from some South American and African countries, as well as from Israel, will also soon grow to eclipse annual Dutch export volumes (if some do not already).
LATAM & The Caribbean
- Conicet, a government agency in Argentina, presents ‘Cannabis and Health’, a new digital scientific magazine.
- The National Association of Foreign Trade says medical cannabis products in Colombia have not yet met expectations.
- Specialists discuss hemp planting for the development of the Brazilian economy at Medicinal Cannabis Congress.
- Colombian cannabis exporters blame administrative obstacles for the suspension or closing down of operations.
- New Zealand patients will now have access to the first home-grown dried flower.
- New study suggests that medical cannabis may be an effective treatment for reducing pain caused by cancer.
- ASX stock Little Green Pharma receives a vote of confidence from French authorities after a stunningly positive cannabis trial.
- Two new members of the Cannabis Commission in the Northern Mariana Islands are confirmed.
Africa & The Middle East
- Zimbabwe will strive to develop its own domestic varieties of hemp through increased research and investment.
- The long-standing ban on the cultivation, possession, and consumption of cannabis and khat in Uganda overturned.
- Cannabis activists urge the South African government to keep pushing for the legalisation of public cannabis use.
- Plantis licenses two of Canonic’s cannabis varieties to expand its offerings in the Israeli market.
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