International Cannabis Weekly: 311

ISRAEL ANNOUNCES MAJOR REFORMS TO MEDICAL CANNABIS

Israel could soon see a dramatic increase in the number of medical cannabis patients as the government publishes proposals for sweeping reforms aimed at streamlining access.

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CZECH REPUBLIC FACING ONE LAST HURDLE TO EU CANNABIS REFORM

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COLORADO OFFICIALLY LAUNCHES ONLINE CANNABIS SALES

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• Are ‘Milestone’ initiatives set to ‘unlock the potential of hemp’ for UK economy & climate?
• Althea secures approval of cannabis-based oil through Ireland’s Medical Cannabis Access Programme (MCAP).
• The battle for the Dutch edibles market has begun, and is set to continue for some time to come.
• 40% of cannabis companies in Germany will face insolvency, takeover, or liquidation within a year, survey says.
• Federal Court rules that small amounts of cannabis for personal use can no longer be confiscated by police in Switzerland.
• International medical cannabis operator IM Cannabis faces NASDAQ delisting for second time.

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• Government shutdown threatens to derail SAFE Banking momentum, despite US$2.4 million spent on lobbying.
• Licensing of cannabis retail stores in New York temporarily halted by judge Kevin Bryant.
• Ohio to vote on cannabis legalisation in November after campaigners gathered 6,000 additional signatures.

• Wisconsin lawmaker plans to file medical cannabis bill as the state becomes an island of prohibition.

• Chicago’s Verano Corp. announces financial results for second quarter, reporting 3% sequential revenue growth.

• Curaleaf and Green Flower join with University of Nevada to offer scholarship for online cannabis programmes.

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• Canopy Growth sees Q1 revenue rise, but ‘substantial doubts’ remain over financial position.
• Canada’s Tilray expands into craft beer industry by acquiring beverage brands from Anheuser-Busch.
• Canadian government among the top unpaid creditors of failed cannabis businesses.
• Toronto’s Labstat Inc. highlights need for enhanced cannabis regulations to protect consumers.
• Study in British Columbia finds cannabis is ‘significantly’ associated with reduced use of unregulated opioids.
• Toronto’s Auxly Cannabis to announce second quarter 2023 results on 14 August before the financial markets open.

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• Brazilian Health Regulatory Agency contradicts its own resolution banning fresh flowers, say lawyers.
• The decriminalisation of non-medical cannabis for personal consumption on hold in Chile.

• A month after bill to legalise cannabis nationwide was blocked, Colombian lawmakers reintroduce it.

• Colombia’s Clever Leaves set to announce its second quarter financial results next week.

• Australia’s Epsilon Healthcare set to rebadge its THC Pharma and Tetra Health divisions under a single brand.
• An overview of the plan to legalise cannabis in Australia and how it could generate billions in taxes.
• New Zealand’s Ministry of Health receives approval to make changes to medicinal cannabis regulations.
• Australian cannabis musculoskeletal (MSK) clinical trial still looking for participants.

• Ghana on the way to liberalisation of cannabis, signalling intentions to explore medical and industrial applications.
• Morocco has high hopes to become key EU market supplier after planting its first legal cannabis crop.