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International Cannabis Weekly: 306

July 7, 2023

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EUROPEAN COMMISSION TOLD TO CLEAR THE WAY FOR CONTINENTAL CANNABIS REFORM

For the first time in its history members of the European Parliament held a debate on cannabis and have called for the regulators to clear a pathway for wholesale reform.

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SPAIN WON’T SEE MEDICAL CANNABIS REGULATION BEFORE UPCOMING ELECTION

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GERMANY PUBLISHES PILLAR 1 DRAFT LAW FOR CANNABIS LEGALISATION

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Europe
  • CBD maker in Jersey halts operations after Home Office blocks its products being exported to the UK.
  • French President Emmanuel Macron unveils new policy regarding possession of small amounts of cannabis.
  • President Zelenskyy calls for the legalisation of medical cannabis to help Ukraine deal with the ‘trauma of war’
  • Cantourage Group SE partners with leading pharmaceutical wholesaler in Austria to supply market with THC.
  • UK’s Ananda Developments says that MRX1 CBD-based medical oil is on track for commercial launch this month.
  • Parliamentary motion calls for GPs to have the same rights to prescribe medical cannabis as specialist doctors in the UK.

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Stocks

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United States

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Canada
  • Canadian women frequently consume cannabis products to ease symptoms related to menopause, finds study.
  • Packaging could be the first major application of cannabis-based bioplastics, according to researchers.
  • TerrAscend concludes second phase of private investments, generating a total of US$20.5 million.
  • Canada’s BZAM Ltd completes disposal of Galaxie Brands Corporation via a share purchase agreement.
  • TerrAscend becomes first cannabis company to list on the TSX with revenues from multi-state operations in the US.
  • Canada’s Canopy Growth Corp.’s shares jump more than 50% after it moves to pay down debt.

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LATAM & The Caribbean
  • Brazilian associations and researchers defend the legalisation of cannabis cultivation for medicinal use.
  • City Council of Imbituba, Brazil, votes in favour of bill granting the title of ‘public utility’ to Associação Alternativa.
  • Mexico continues to waste the potential of cannabis, a market that would be worth at least US$230 million annually.
  • Political party in Bolivia set to present bill that aims to legalise the therapeutic use of cannabis.

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APAC

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Africa & The Middle East

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