International Cannabis Weekly: 342
March 22, 2024
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LANDMARK CANNABIS BILL PASSED IN GERMANY
Germany’s Bundesrat (Federal Council) has voted to pass the CanG bill without calling in a mediation committee, meaning the law should come into effect on April 1, 2024.
CURALEAF INTERNATIONAL ANNOUNCED AS HEADLINE PARTNER FOR CANNABIS EUROPA
SWITZERLAND LAUNCHES SEVENTH ADULT-USE CANNABIS PILOT AND LARGEST TO DATE
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Europe
- Anticipation builds as dual bills await government review in the Czech Republic.
- Portugal’s medical cannabis regulator gives new products the green light for the first time since 2021.
- Curaleaf International expands presence in Czech Republic through partnership with AstraSana Pharma.
- The Canton of Zurich is launching Switzerland’s largest cannabis study to date, with over 7.5K participants.
- Tilray introduces first medical cannabis extract in Portugal, expanding its global product offerings.
- Arnaud Robinet, Mayor of Reims in France, calls for a debate on cannabis legalisation.
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European Cannabis Stocks
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United States
- Combined medical and adult-use cannabis sales in Colorado reach US$115.4 million in January.
- Kamala Harris advocates cannabis legalisation for first time since joining Biden ticket.
- New Jersey’s top cannabis regulator says the state will be a premier cannabis market on East Coast.
- Kansas bill proposes pilot program for medical cannabis, advancing state’s approach to cannabis legalisation.
- Kentucky Senate proposes conditions for providing funds for the state’s Office of Medical Cannabis.
- Jimmy Kimmel producing a six-part series for Hulu about cannabis retailer in Los Angeles.
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Canada
- Statistics Canada survey finds over 70% of cannabis users in Canada purchase legal cannabis.
- Curaleaf Holdings acquires cannabis operator Northern Green Canada, aiming for global expansion.
- Canadian Finance Minister was warned last fall about systemic “financial distress” facing cannabis producers.
- High Tide to expand its global brand portfolio with acquisition of Queen of Bud brand.
- Kingston-based Greenway Greenhouse Cannabis Corp. ships first CPGs to Ontario Cannabis Store.
- Net sales for Pure Sunfarms and Rose LifeScience rise in Village Farms’ quarterly report.
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LATAM & The Caribbean
- Court grants pharmacy authorisation to sell cannabis-based medicines in Arapiraca, Brazil.
- Caribbean Collective for Justice calls for Jamaican government to axe property tax and allow more cannabis exports.
- Six countries in the Caribbean come together to discuss medical cannabis policy in the region.
- A top lawyer in Puerto Rico advocates better public education on medical cannabis, which is legal in the country.
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APAC
- Australia’s cannabis market sees shift towards vape carts and pastilles, flower remains dominant.
- New Zealand-based Greenfern Industries is set to export its flower to the UK and Europe.
- Aurora Cannabis attains TGA GMP certification in Australia, elevating global quality and compliance standards.
- Australia abandons multi-million dollar hemp initiative due to lack of government funding.
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Africa & The Middle East
- King Kong Organics makes history as the first company to secure a cannabis export license in Rwanda.
- For the first time in Israel, medical cannabis was sold at a price higher than illicit market cannabis.
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