International Cannabis Weekly: 337
February 16, 2024
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EU SIGNALS INCREASING SHIFT IN ATTITUDE TOWARDS CANNABIS REFORM
The European Commission (EC) last week partially approved a new ‘European Citizens Initiative’ focused on cannabis reform, in a move marking an increasing acknowledgment of the changing landscape in regards to cannabis regulation.
PRESIDENT ZELENSKY SIGNS BILL LEGALISING MEDICAL CANNABIS IN UKRAINE
US CANNABIS FIRMS FACE NEW OWNERSHIP REPORTING RULE UNDER FEDERAL LAW
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Europe
- Germany’s cannabis legalisation bill set for next week’s legislative agenda, April adoption plans remain on schedule.
- Jersey officially decriminalised cannabis for personal use, reflecting evolving legal landscape and public sentiment.
- Organigram sends first bulk cannabis shipment to Sanity Group’s medical division in Germany.
- MGC Pharmaceuticals set to rebrand to Argent BioPharma in a bid to diversify after industry difficulties.
- Irish Government approves establishment of a committee to examine drug decriminalisation ‘as quickly as possible’.
- Glass Pharms completes construction of cultivation facility as it prepares to enter UK market.
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Stocks
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United States
- Proposal for cannabis homegrow in Washington state fails to reach vote in House committee.
- The U.S. Virgin Islands Cannabis Board greenlights long-awaited cannabis legalisation plan.
- Hawaii’s multiple adult-use legalisation attempts face ongoing resistance despite persistent efforts.
- Virginia’s House and Senate advance competing cannabis sales bills amid key differences in legislation.
- US Navy relaxes stance on recruits’ previous cannabis use to combat dropouts and recruitment hurdles.
- Former heavyweight boxing champion and cannabis entrepreneur, Mike Tyson, Launches new seeds line.
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Webinar
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Canada
- High Tide Inc. expands Canadian presence with distribution deal with Manitoba Liquor and Lotteries.
- Canopy Growth reports reduced quarterly loss, citing lower costs and increased Canadian business activity.
- Organigram’s Q1 revenue drops despite achieving positive cash flow and solidifying market position in Canada.
- Christina Lake Cannabis unveils ambitious plan for extensive expansion of outdoor cultivation operations.
- Heath Canada confirms cannabis producers can provide samples to provincially-licensed retailers.
- Beaumont in Alberta implements new regulations limiting medical cannabis production.
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New Data
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LATAM & The Caribbean
- Clever Leaves announces partnership with award-winning Dutch seed bank, Paradise Seeds.
- En Volá, a digital platform founded by three siblings in Santiago, Chile, is leading a cannabis revolution.
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APAC
- Teera Group acquires Golden Triangle, Thailand’s first certified GACP/CUMCS certified cultivator.
- Thailand’s government delays the approval of a draft bill to ban adult-use cannabis.
- ‘Struggling’ Australian hemp companies secure AU$1.9 million deal with food maker.
- House Committees in the Philippines pass medical cannabis bill with stringent anti-drug abuse measures.
- Medical Kiwi inks three-year MoU with Fijian government for medical cannabis development.
- Aurora subsidiary acquires remaining 90% equity stake in Australia’s MedReleaf.
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Africa & The Middle East
- InterCure updates on status of facility in Kibbutz Nir Oz amid Israeli government’s war declaration.
- Cheeba Cannabis Academy partners with GIZEH for innovative scholarship program in cannabis education.
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