International Cannabis Weekly: 340

AMSTERDAM OMITTED FROM NETHERLANDS’ LEGAL CANNABIS EXPERIMENT

On 5 March, the lower house of Parliament rejected a bill that aimed to include Amsterdam in the country’s cannabis cultivation and distribution pilot project.

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IM CANNABIS: THE LATEST ISRAELI FIRM TO WITHDRAW FROM THE CANNABIS INDUSTRY

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74% OF AMERICANS RESIDE IN STATES WHERE CANNABIS IS LEGAL, STUDY FINDS

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• Netherlands: coffee shops in Breda and Tilburg permitted more stock for cannabis trial during ramp-up phase.
• 750 cannabis users join Maltese cannabis club in one month; three licences granted to seven clubs, three already active.
• Cannovum Cannabis AG announces availability of over 500 cannabis club areas through cultivation alliance.
• Cannabis linked to continued enhancement in sleep quality over extended period, study reveals.
• Drapalin Pharmaceuticals partners with German rapper Antifuchs to blend medical cannabis with music.
• EU-Italian funded ‘New Tech Hemp’ project targets hemp supply chain development in Sicily.

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• Hawaii Senate overwhelmingly approves bill to legalise and regulate adult-use cannabis.
• Vertically-integrated Planet 13 sets pricing for underwritten public offering and sells stock.
• New Mexico officials laud cannabis milestone as it exceeds US$1 billion in sales since adult-use market debut.
• US Department of Education recognises Ohio Cannabis School with a 10-year accreditation.
• MMJ.com broadens medical cannabis access, expanding reach to additional patients in need.
• Virginia bill offering cannabis-related resentencing relief heads to governor’s desk, potentially affecting hundreds.

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• Federally licensed Canadian cannabis producers’ unpaid taxes to CRA soar 72% to nearly CA$300 million.
• High Tide expands presence with second Canna Cabana opening in Ontario, increasing total retail locations to 164.
• Aurora Cannabis completes final repayment of convertible senior notes, achieving debt-free cannabis operations.
• British Columbia producer Avant Brands cuts loss to CA$1.5 million amid record cannabis sales and exports.
• Canadian cannabis producer says it will save over 83,000lb of plastic from going to landfill with hemp packaging initiative.
• Cronos Group has agreed to buy Apotex Fermentation Inc’s 84,000 square-foot biomanufacturing factory in Winnipeg.

• Ease Labs to supply CBD for distribution by SUS in São Paulo, a milestone for Brazilian medicinal cannabis.
• Israeli hospital partners with Brazil for cannabis study: advances in health science and international collaboration.
• Colombian government extends THC inventory allowance, supporting domestic cannabis industry and PharmaCielo.
• Xebra Brands seeks COFEPRIS approval for two new CBD products, expanding offerings in Mexico.

• Aurora Cannabis Inc. and MedReleaf Australia unveil new medical cannabis pastilles for patients.
• New Thai government expected to enforce stricter laws on cannabis and CBD.
• Auditor’s funding concerns prompt suspension of Cann Group’s medical cannabis shares.
• Australian MedTEC Pharma prepares for initial harvest as local production expands.

• The National Agency for Cannabis Regulation (ANRAC) approves cultivation of a native Moroccan cannabis strain.
• IM Cannabis and Kadimastem announce innovative reverse merger, pivoting toward biotech sector.