International Cannabis Weekly: 335
February 2, 2024
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GERMANY’S CANG BILL BACK ON TRACK AS GOVERNMENT SETTLES INTERNAL DISPUTES
Germany’s landmark CanG bill is now expected to pass through the Federal Parliament (Bundestag) this month, putting it back on track to come into effect by April 1.
PRESIDENT BIDEN ‘NEEDS’ CANNABIS RESCHEDULING TO WIN 2024 ELECTION
HISTORIC MILESTONE IN MALTA AS FIRST CANNABIS CLUB BEGINS SALES
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Europe
- Spain’s medical cannabis law anticipated to be finalised in the coming months, Health Minister says.
- Unraveling the unique trajectories of cannabis markets in Czech Republic and Portugal.
- ECS Botanics forms an agreement with Rokshaw for the supply of medical cannabis flower in the UK.
- CBD suppliers say UK laws regulating the sale of products – particularly flower – are ‘confusing’.
- Germany’s Cannabis Industry Association (BvCW) releases guidelines for hemp companies on police raids response.
- A new study reveals the broader social impact of cannabis social clubs in Barcelona.
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Stocks
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United States
- Senators urge DEA for complete cannabis legalisation and demand answers on rescheduling.
- New York’s Office of Cannabis Management has been hit with another lawsuit by a microbusiness applicant.
- Major Republican donors stand to cash in if adult-use cannabis is legalised in Florida.
- Ohio officials unveil initial cannabis licensing rules amid accelerated push for adult-use sales approval.
- New Hampshire house subcommittee leans toward conventional cannabis sales model.
- Senator casts doubt on medical cannabis legalisation in Wisconsin due to ‘no appetite’ for it in the senate.
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New Report
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Canada
- Recent study reveals legal cannabis prices are approaching parity with the illicit market in Canada.
- Aurora announces plans to enact 1:10 stock consolidation in order to avoid delisting from NASDAQ.
- High Tide reports record sales of CA$487.7 million for its 2023 fiscal year and plans European expansion.
- Village Farms International has started building an indoor cannabis production facility in the Netherlands.
- Israel Initiates investigation into Canadian cannabis firms over anti-dumping practices.
- Major British Columbia city considers permitting legal cannabis stores in 2024, in major local regulatory shift.
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New Event
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LATAM & The Caribbean
- Cabo Frio initiative provides cannabis-based medicines to 60 families in donation effort.
- The use of cannabis for aesthetic treatments discussed at Brazilian Medicinal Cannabis Congress.
- São Joaquim de Bicas’ municipal government has opened a procurement tender for medicinal cannabis.
- Brazil’s University of Campinas is now offering an online pharmacology and toxicology of cannabinoids course.
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APAC
- Thailand’s adult-use cannabis approach rolls back from laissez faire to structured framework.
- ANTG announces Brisbane cultivation and manufacturing facility expansion following ODC approval permits.
- CannaTrek spearheads first MOU signed between Australia and Japan to advance medical cannabis research.
- Queensland Motoring Organisation suggests considering medical defence for THC detection in legal discussions.
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Africa & The Middle East
- Officials in Malawi express uncertainty about how much money is being generated from cannabis.
- The South African government clears up confusion over social clubs, buying and selling cannabis.
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