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International Cannabis Weekly: 312

August 18, 2023

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GERMANY’S ‘MOST IMPORTANT’ CANNABIS REFORM SINCE 2017 CLEARS FIRST HURDLE

Germany has taken a significant step towards fulfilling its ambitious plans to roll out an adult-use cannabis framework this week, after the draft bill was approved by the Bundesregierung (Federal Cabinet).

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SWITZERLAND’S FLOURISHING CANNABIS PILOTS GAIN EUROPEAN SPOTLIGHT

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OHIO COULD SEE $400 MILLION IN TAX REVENUE IF CANNABIS MEASURE APPROVED

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Europe
  • Malta’s cannabis regulatory body issues its first two cannabis association licences, ‘in-principle’.
  • NHS Scotland to fund six-figure clinical trial to explore the effects of CBD on pelvic pain related to endometriosis
  • UK research finds GP support for cannabis as an alternative to opioids for chronic pain.
  • Ireland’s cannabis legalisation debate continues to rumble on, with staunch supporters in both the pro and con camp.
  • The Association for the Cannabinoid Industry (ACI) puts pressure on UK Home Office to set THC limit.
  • German cannabis group SynBiotic SE sees its stock price jump by nearly 50% to levels not seen since April.

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Stocks

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United States

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New Report

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Canada
  • Canada’s Halo Collective delists from CBOE Exchange after string of ‘challenging’ results.
  • Aurora Cannabis reports skyrocketing revenues alongside falling losses in Q1 of the 2024 fiscal year.
  • Federal judge orders Health Canada to review its Organigram case over what constitutes a cannabis edible.
  • Avicanna Inc. gets Q2 revenue report boost following Medical Cannabis by Shoppers Drug Mart acquisition.
  • Delta 9 reports Q2 results with company sales at C$18.25 million compared to C$17.5 million a year ago.
  • Canopy Growth sees significant drop in short interest, a decrease of 9.8% from the 15 July total.

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Upcoming Event

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LATAM & The Caribbean
  • Brazil’s Supreme Federal Court (STF) resumes debate on the decriminalisation of cannabis for personal use.
  • Argentina’s cannabis commerce set to take off as new categories open doors to huge domestic market.
  • Anvisa, the Health Regulatory Agency in Brazil, forbids advertising and promotion of cannabis-derived products.

  • How to obtain authorisation from the Brazilian Health Regulatory Agency to market cannabis-based medicines.

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APAC

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Africa & The Middle East
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