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International Cannabis Weekly: 309

July 28, 2023

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ALBANIA BECOMES LATEST EU COUNTRY TO LEGALISE MEDICAL CANNABIS CULTIVATION

Albania has become the latest European country to officially legalise the ‘cultivation and processing of the cannabis plant and the production of its by-products for medical and industrial purposes’.

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BARBADOS POSITIONS ITSELF TO LAUNCH THRIVING MEDICAL CANNABIS INDUSTRY

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PORTUGAL BROADENS SCOPE OF PIONEERING DRUG DECRIMINALISATION

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Europe
  • ‘Landmark’ Court of Appeal ruling sets new legal precedent for UK CBD flower businesses.
  • ‘There is a growing need for medical cannabis in Spain that can’t be avoided’, says Linneo Health CEO.
  • Ministry of Justice in Luxembourg announces legalisation of home cultivation and consumption of cannabis.
  • Legalising cannabis a win for all, but time and time again the EU continues to remain stubborn.
  • CSU MP raises doubts that the plans to legalise cannabis within certain limits in Berlin conforms to EU law.
  • Cantourage expects to see ‘double digit’ sales growth and ‘a break-even result at EBITDA level’ in 2023.

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Stocks

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United States
  • Republican senators who do not support cannabis legalisation admit that the policy change disrupts illegal sales by cartels.
  • Florida issues medical cannabis business licences to two Black farmers, a decade after medical cannabis was legalised.
  • Big tobacco ready to bet big on thriving cannabis industry following Philip Morris and Syqe deal.
  • New poll in Ohio shows over 58% of respondents over the age of 21 support legalising adult-use cannabis.
  • After recent raids, New York’s Empire Cannabis Club to take regulators to court to prove its legality.
  • Baltimore cannabis pharmaceuticals company files to go public on the Nasdaq through an initial public offering.

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New Report

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Canada

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Advertising

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LATAM & The Caribbean

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APAC
  • Pharmacists urged not to swap brands, unless prescribed products are out of stock, amid patient care concerns.
  • Melodiol closing in on EU GMP licence to fast-track cannabis exports to attractive Australian and European markets.
  • Cannatrek abandons plans for one trademark, but the stand-off with Montu’s Topaz continues to rumble on.
  • Australia’s Cann Group successfully completes crop harvest at a scale twice that of previous harvests.

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Africa & The Middle East
  • Israelis with licences to use medical cannabis face rising costs and more difficulties in obtaining their supply.
  • Atlas Global Brands announces first shipment of latest brand D*gg lbs has arrived in Israel.
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