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International Cannabis Weekly: 328

December 8, 2023

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SPD PARTY PREVENTS GERMANY’S CANNABIS BILL FROM PROGRESSING AT THE 11TH HOUR

Germany’s CanG bill has been delayed again, just days after reports emerged that the coalition parties and Ministry of Health had come to an agreement on contentious points.

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SIX GOVERNORS PUSH BIDEN TO RESCHEDULE CANNABIS BY THE END OF THIS YEAR

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BILL PASSED TO LEGALISE CANNABIS-BASED MEDICINES IN JAPAN

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Europe
  • Medical cannabis has been authorised as a medicine for pain relief in France, initially for a five-year period.
  • Luxembourg’s new government coalition will not follow through on the initial plan to legalise cannabis.
  • Astrasana Holding AG successfully completes majority acquisition of Releaf for Pets.
  • Three more licences have been issued to Cannabis Harm Reduction Associations in Malta, bringing the total to five.
  • Major manufacturer CanX CBD hit by a controversial raid in Romania over HHC products.
  • Amsterdam Cannabis College has officially announced it will close after 25 years of operations.

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Stocks

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United States
  • Study finds 1 in 8 older US adults now use cannabis products – a significantly higher amount than before the pandemic.
  • Ohio’s landmark Issue 2 ballot measure is being ‘gutted of its most important provisions’ by its opponents.
  • A state commission charged with studying how to legalise cannabis in New Hampshire has issued its final report.
  • Nevada officials approve a plan to let people with cannabis-related convictions to become police officers.
  • A group of Wisconsin state lawmakers plan to introduce new legislation that would decriminalise cannabis possession.
  • Zenbarn Farms has signed an agreement to acquire two dispensaries and a growing facility from Curaleaf.

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New Report

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Canada
  • A new bill in Ontario will see the cap on the number of stores a cannabis operator can manage double.
  • Health Canada releases guidance for cannabis producers on products with intoxicating cannabinoids.
  • BZAM is to acquire Final Bell’s Canadian operation, forming the 5th Largest Canadian L.P. in the process.
  • Some ingestible cannabis products that Health Canada considers noncompliant still appear to be widely available.
  • The Independent Retail Cannabis Collective (IRCC) appoints a new Executive Board Chair.
  • Tilray Brands unveils its festive line of cannabis products, from premium chocolate edibles to pre-rolls.

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Featured

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LATAM & The Caribbean
  • A bill approved in Brazil guarantees the free supply of cannabis-based medicines by the public healthcare system.
  • The Argentine Chamber of Cannabis says the country’s cannabis industry could generate US$500 million per year.
  • Argentina is exploring the use of cannabis in the treatment of animals, specifically cats and dogs.
  • Researchers in Chile are examining the elements of a commercial regulation strategy for adult-use cannabis.

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APAC
  • Some health professionals in Australia are concerned that medical cannabis clinics are targeting the vulnerable.
  • Australia’s first Cannabis Psychedelic Therapy for holistic healing launches in Byron Bay.
  • The Treasurer of Victoria in Australia Victorian expresses his support for decriminalising cannabis.
  • Hempacco expands into India and Thailand, signing an exclusive distribution agreement with CBDAY Global.

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Africa & The Middle East
  • The majority of Israeli cancer patients suffering from pain say medical cannabis helps them cope with their illness.
  • Skye Bioscience & Tautomer Bioscience enter agreement to commercialise Skye’s proprietary THC prodrug.
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