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International Cannabis Weekly: 316

September 15, 2023

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NEW YORK’S ADULT-USE RETAIL MARKET WILL OPEN UP TO MSOs

New York’s Cannabis Control Board hosted a landmark session this week in which a number of major resolutions were passed, which the industry hopes will kickstart momentum in the state’s cannabis programme.

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CANNABIS STOCKS RISE 20% FOLLOWING RESCHEDULING RECOMMENDATION

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NEW JERSEY TO OPEN ADULT-USE CANNABIS APPLICATIONS FROM THE END OF SEPTEMBER

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Europe

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Stocks

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United States

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Upcoming Event

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Canada
  • Active medical cannabis registrations and spending in Canada hit a pre-legalisation low.
  • Investment trading for Toronto’s Canopy Growth Corporation resumes after regulatory pause.
  • Vancouver’s Lucy Scientific announces BlueSky Wellness acquisition, expanding its reach in the Global Wellness Market
  • High Tide Inc. to open new Toronto store as it looks to solidify position as Canada’s largest non-franchised cannabis chain.
  • Manitoba Liberal Party to crack down on illicit online cannabis sales in the lead-up to the provincial election on 3 October.
  • Vancouver’s Ovation Science announces licensing agreement with Planet 13 Holdings.

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Sponsorship

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LATAM & The Caribbean
  • The Office of Cannabis Regulations in the Virgin Islands unveils new draft cannabis legalisation rules.
  • Uruguay considering the possibility of regulating the sale of adult-use cannabis to foreign tourists.
  • Thirty medical cannabis clinics to be incorporated into Argentina’s Santa Fe Health System.
  • Aurora Cannabis partners with Herbarium, a herbal medicine company in Brazil, to expand its CBD portfolio.

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APAC

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Africa & The Middle East
  • New data shows Canada exported 60 tons of cannabis between April 2022 and March 2023, 35% of that to Israel.
  • Trade and Industry Dept appoints legal team to get interim cannabis reform measures in place by year end.
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