International Cannabis Weekly: 302
June 9, 2023
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CZECH ADULT-USE CANNABIS MARKET UNLIKELY TO BE READY IN 2024
The Health Minister of the Czech Republic, Vlastimil Válek, has cast doubt on the country’s ambitious plans to have a legal commercial adult-use cannabis market approved and ready to be rolled out by 2024.
SPAIN’S MEDICAL CANNABIS REGULATIONS IMMINENT
SUBMISSIONS MADE TO IRISH CITIZENS’ ASSEMBLY ON DRUGS
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Europe
- In a landmark decision, EU Member States consent to an update of the Novel Food Catalogue.
- Diverse group of French politicians and celebrities calls for local experimentation with regulated cannabis.
- Malta’s cannabis authority publishes new ‘fine-tuned’ regulations for cannabis clubs.
- Products containing semi-synthetic cannabinoid, HHC, on the rise across Europe.
- Lithuanian government approves national agenda for cannabis consumption prevention and harm reduction.
- French CBD company Canauos invests in CO2 extraction machine to change the way aromatic and medicinal is processed.
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Stocks
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United States
- Major cannabis groups join forces to push for scheduling reform even if it falls short of legalisation.
- Nevada Senate passes resolution asking Congress to legalise cannabis at federal level.
- Colorado’s governor approves bill to strengthen safeguards for employed individuals in relation to cannabis.
- Maryland issues preliminary regulations in anticipation of cannabis legalisation in July.
- US House of Representatives introduces bi-partisan bill separating CBD from grain and fibre.
- California Assembly passes bill authorising Amsterdam-style cannabis cafes.
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Canada
- German health minister visits Canadian government to discuss experiences with cannabis legalisation.
- In partnership with Leafly marketplace, Uber Eats allows adults to order cannabis in British Columbia.
- Canada’s Mernova Medicinal Inc. enters agreement with North America’s CannDelta, to expedite cannabis exports.
- Calgary’s High Tide commends decision to revoke 6% fee imposed on cannabis sales in Manitoba.
- Canada’s Canopy Growth Corp shares removed from S&P/TSX Composite Index due to ongoing challenges.
- Atlas Global Brands delivers corporate update and outlines strategy for future growth.
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Upcoming Event
BUSINESS OF CANNABIS: NEW YORK – TICKETS NOW AVAILABLE
Business of Cannabis returns to New York on October 4 to deliver insights from leading voices across cannabis, investment, policy, technology and retail. Once again industry leaders, key politicians and cannabis innovators will converge to the heart of the big apple.
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LATAM & The Caribbean
- Colombian senators approve cannabis legalisation bill, setting stage for final vote.
- Deputies and national prosecutor of Chile meet to discuss medical and recreational cannabis.
- MMJ Holdings and Global Cannabis Production announce partnership to facilitate first DEA legal import of THC.
- Parliamentary front relaunched to defend the medicinal and industrial use of cannabis in São Paulo, Brazil.
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APAC
- New study prompts increased demands for expanded accessibility to medicinal cannabis in New Zealand.
- Activists in Thailand call for sticking to cannabis legalisation and CBD for medicinal purposes.
- Cannabis advocates hail ‘stigmatised’ crop as the billion-dollar saviour of ailing timber industry in Victoria, Australia.
- Australia’s Ananda Professional receives further certifications from Therapeutic Goods Administration (TGA).
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Africa & The Middle East
- Lesotho’s MG Health set to triple production amid surging global demandfor medical cannabis.
- Cannabis debate in Seychelles continues as advocates for legalisation vocally campaign.
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