International Cannabis Weekly: 324

UP TO US$770 MILLION TO BE SPENT ON CANNABIS TESTING PER YEAR BY 2027

A new report, The Cannabis Testing Report from Prohibition Partners, offers comprehensive and invaluable insights into the critical aspect of cannabis testing.

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PORTUGAL POISED TO BE MAJOR MEDICINAL CANNABIS PRODUCER

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OHIO BECOMES 24TH US STATE TO LEGALISE CANNABIS FOR RECREATIONAL PURPOSES

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• First Jersey-grown medicinal cannabis product to be available on prescription for UK patients this month.
• Ireland’s first cannabis clinic finally opens four years after medical programme launches.
• Ananda Developments signs MOU with Nottingham Trent University to establish CBD centre of excellence.

• German lawmakers debate cannabis legalisation proposal in committee hearing, final vote later this month.

• Medical cannabis producer Swisscann targets global growth having exceeded crowdfund campaign.

• Reports suggest Jazz Pharmaceuticals is exploring the possibility of divesting its cannabinoid arm.

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• Proposed bill amendment seeks to block potential rescheduling of cannabis by federal government.
• Connecticut increases adult-use cannabis transaction limit to half an ounce or equivalent in one transaction.
• Senate approves bill allowing doctors to issue cannabis recommendations to military veterans.
• New York State Office of Cannabis Management (OCM) addresses concerns about illicit cannabis shops.
• Sorting Robotics secures US$2 million in debt financing to revolutionise automation in the cannabis industry.
• New York’s Ascend Wellness announces Q3 financial results with revenue lifting 15% sequentially.

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• Canadian cannabis producer Organigram receives new C$124.6 million investment from British American Tobacco (BAT).
• Toronto’s Shiny Health & Wellness Corp. receives approval from TSX Venture Exchange to extend private placement.
• Public hearing to amend land use bylaw in Foothills County for retail cannabis sales in the Heritage Pointe area.
• Vancouver’s Planet Based Foods Global Inc. partners with Northern California Grocery Chain  Nugget Markets.
• Toronto’s RIV Capital Inc. completes expansion of New York cultivation and production operations.
• Trees Corporation to identify new alternatives as 420 Investments Ltd. merger is ‘unilaterally terminated’.

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• Brazil’s cannabis market could generate around R$700 million in 2023, according to a study.
• Brazilian compounding pharmacy faces legal battle after court bans compounding formulas with cannabis derivatives.
• Argentina’s 420 CBD Premium completes the country’s first export of cannabis beauty products.
• British Columbia’s Allied Corp. exports THC based medical cannabis flower from Colombia to Australia.

•  Cannabis set for a resurge in Japan thanks to growers seeking to revitalise production.
• Australia’s Bod Science announces details of A$2 million capital raise, while implementing cost-cutting measures.
•  Health House International (HHI) founder ‘back in the pharmacy game’ having opened Plant Pharm in Perth.
• Medicinal cannabis prescriptions in Australia reach second highest total of the year.

• Medical cannabis prescriptions rise in Israel during war with Hamas as patients seek relief from PTSD and pain.
• Ball in motion as portfolio committee approves cannabis for private purposes bill in South Africa.