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International Cannabis Weekly: 331

January 5, 2024

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US CANNABIS STOCKS SPIKE AS DEA CONFIRMS RECLASSIFICATION REVIEW

The latest development is part of a review process initially launched by President Biden way back in October 2022.

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MEDICAL CANNABIS TO BE LEGALISED IN SPAIN ‘SOON’, HEALTH MINISTRY CONFIRMS

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‘MILLIONS’ OF MEDICAL CANNABIS PATIENTS ANTICIPATED IN GERMANY

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Europe
  • Belgium’s national drugs commissioner wants to follow Portugal’s drug decriminalisation model.
  • What’s in store for European cannabis industry year? Industry leaders have their say.
  • The Hague City Party’s motion to participate in a coffeeshop experiment has been adopted by the city council.
  • US-based Village Farms announces launch of top-selling cannabis brands in the UK, via 4C Labs.
  • Hydrogen Utopia secures 49% ownership of North Macedonian medical cannabis producer Ohrid Organics.
  • New partnerships show ‘strategic progress’ for Hellenic Dynamics despite widened half-year loss.

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Stocks

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United States
  • Local governments in New York could be empowered to close unlicensed cannabis businesses under ‘SMOKEOUT Act’ bill.
  • Georgia-based cannabis payments processor seeks US$500m in damages as it announces closure.
  • Federal lawsuit challenges Mississippi’s cannabis advertising ban, citing violation of free speech rights.
  • Washington bill proposes reversal of newly introduced employment protections for cannabis users.
  • Cannabis users in Colorado could soon be allowed concealed carry permits if ballot is approved.
  • 22nd Century Group group sells its Las Vegas-based CBD unit in fire sale – making a US$57 million loss.

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New Report

Europe’s medical market continues to see strong growth, with 21 countries now seeing patients treated with medical cannabis.

DOWNLOAD FREE REPORT »

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Canada

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Event Sponsorship

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LATAM & The Caribbean

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APAC

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Africa & The Middle East
  • Patients in Israel will now be able to access medical cannabis without it being a ‘last line resort’.
  • Progressive shift in legislation as Ghana officially legalises the growing of industrial hemp and medical cannabis.
  • Cannabis company Better becomes the first Israeli company to secure ‘organic cannabis’ seal.
  • Together Pharma to cancel medical cannabis agreement and sell 50% share of joint venture back to Good Pharm.
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