International Cannabis Weekly: 334

AUSTRALIA CITED AS WORLD’S FASTEST-GROWING MEDICAL CANNABIS MARKET

Global commentators herald Australia as the fastest-growing medical market in the world and expect stellar 2023 growth to be repeated in the next 12 months.

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GERMAN HEALTH MINISTER EXPECTS ADULT-USE LEGALISATION BY APRIL

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DETAILS OF NEW YORK’S HOME CULTIVATION REGULATIONS RELEASED BY THE CCB

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• Czech Republic contemplates cannabis legalisation following the German model, according to recent developments.
• Deteriorating SPD support threatens Germany’s cannabis legalisation bill, recent reports suggest.
• Study finds medical cannabis could provide relief for patients with MS, diabetes or spinal injuries.
• Belgian Centre for Alcohol and Other Drugs (VAD) advocates decriminalisation of cannabis.
• First findings on cannabis and long COVID published by UK researchers in recent study.
• UK grant backs research on hemp fibres for integration into sustainable electronics manufacturing.

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• More than US$1.3 billion worth of cannabis sales were recorded in Missouri in 2023, state figures say.
• Activists in Texas initiate signature drive for local cannabis decriminalisation ballot measures.
• Minnesota cannabis regulators suggest amendments to legislation for quicker licensing.
• New Jersey regulators give the green light to final rules for cannabis consumption lounges.
• Washington legislators review diverse cannabis bills on topics Like home cultivation and THC limits.
• Massachusetts boasts a historic year for cannabis sales with US$1.8 billion registered in ‘booming’ industry.

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• British American Tobacco’s C$124 million investment in Organigram is approved by shareholders.
• Non-medical cannabis added to Canadian Free Trade Agreement (CFTA), but cross-province sales unlikely.
• Canopy Growth secures US$35 million through sale of units to ‘strengthen financial position’.
• Aurora reveals cannabis-infused, ready-to-drink beverage in latest medical product launch.
• British Columbia faces challenges and lacks significant progress in establishing a flourishing cannabis industry.
• Canadian cannabis licence approvals hit a multi-year low amid current market turbulence.

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• Uruguay’s cannabis legalisation initiative extends to tourists in further progressive policy reform.
• Brazil’s Superior Court of Justice (STJ) grants injunctions allowing patients to grow cannabis at home.
• Decree confirms that Argentina’s REPROCANN medical cannabis programme can continue.
• Paraguay celebrates first export of hemp flowers in landmark achievement for the countries hemp industry.

• 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’.

• Tasmanian Botanics shifts growing operations to new 1.1 hectare greenhouse in strategic expansion.
• Australia and New Zealand revamp regulations to elevate global presence in the cannabis industry.
• Federation TAFE introduces course on cultivating medical cannabis to address industry demand.
• Althea claimed its softgels capsules are convincing more doctors to experiment with medicinal cannabis.