International Cannabis Weekly: 333

U.S. GOVERNMENT RELEASES FULL UNREDACTED CANNABIS RESCHEDULING RECOMMENDATION

The 252-page recommendation has finally been made public and, for the first time, confirms cannabis has medical uses.

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CZECH REPUBLIC’S ADULT-USE ROLL BACK ACTUALLY A ‘POLITICAL PLOY’

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CANADIAN CANNABIS STOCKS UP AS MUCH AS 23% AFTER U.S. RESCHEDULING NEWS

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• Germany’s cannabis legalisation plan encounters internal government criticism, prompting debate on implementation.
• Opponent’s to Ukraine’s medical cannabis bill have failed in their attempts to block legalisation.
• An institution under the Portuguese Ministry of Defence is moving forward with medical cannabis production.
• Medical cannabis significantly improves symptoms of chronic depression, study finds.
• German patients say cannabis is more effective than more traditional medication for certain health conditions.
• ACI trade group criticises UK’s ‘off-track’ CBD policy implementation in £850 million market.

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• Arkansas ballot initiative proposes homegrown medical cannabis, potentially initiating adult-use legalisation.
• Cannabis sales in Illinois ended strongly in 2023 demonstrating strength and stability in the state’s cannabis market.
• Congressional researchers outline limitations of rescheduling cannabis for state markets and criminal justice reform.
• Michigan achieves record cannabis sales of $3 billion in 2023, reflecting strong market demand and stable pricing.
• Bill proposes medical cannabis programme expansion in Iowa, including patient access to flower products.
• Calls for fresh restrictions to address challenges and oversaturation in Oregon’s cannabis market.

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• Arkansas ballot initiative proposes homegrown medical cannabis, potentially initiating adult-use legalisation.
• Cannabis sales in Illinois ended strongly in 2023 demonstrating strength and stability in the state’s cannabis market.
• Congressional researchers outline limitations of rescheduling cannabis for state markets and criminal justice reform.
• Michigan achieves record cannabis sales of $3 billion in 2023, reflecting strong market demand and stable pricing.
• Bill proposes medical cannabis programme expansion in Iowa, including patient access to flower products.
• Calls for fresh restrictions to address challenges and oversaturation in Oregon’s cannabis market.

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• Uruguay’s leading importer and distributor of cannabis preps for regional and national expansion.
• Panama has issued seven licences for the production and distribution of medical cannabis.
• Guatemala’s new president has announced he wants to decriminalise cannabis and target ‘hard drugs’.
• Elimination of buyer registration sparks debate on the future of cannabis in Uruguay.

• Australian cannabis producer ECS Botanics achieves record sales, reporting AU$7 million in quarterly revenue.
• Recent poll finds 50% of Australian voters back home cultivation of adult-use cannabis.
• The medical use of cannabis may require a doctor’s note, Thai government minister confirms.
• Melodiol Global Health raises funds and considers  the potential sale of ‘various core assets’.

• 17 notable changes in the new cannabis production and distribution procedures in Israel.
• South Africa’s Health Ministry proposes major policy overhaul which could see THC products legalised.