International Cannabis Weekly: 344
April 12, 2024
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CURALEAF EYES SECONDARY LISTING IN EUROPE
Curaleaf, the largest grower and distributor of cannabis in the world, is reportedly exploring a secondary listing in Germany.
CANCELLED LICENCES AND ‘UNCOLLECTABLE’ EXCISE TAX IN CANADA SOAR
GREEK HEALTH MINISTER TO SPEAK IN LONDON AT CANNABIS EUROPA THIS JUNE
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Europe
- Artemis Growth Partners and Tenacious Labs unite to create Europe’s largest cannabis investment platform.
- The Mayor of Strasbourg proposes a local cannabis consumption experiment in the city.
- Large majority of Dutch citizens (60%) are in favour of legalising the production, sale and consumption of cannabis.
- Cannabis Industry Council launches crowdfunding initiative for public awareness campaign in the UK.
- GreenBe Pharma obtains EU GMP certification at Elvas facility for cannabis flower processing.
- Cannamedical Pharma ‘well prepared’ to meet increased demand for medical cannabis in German pharmacies.
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European Cannabis Stocks
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United States
- Colorado governor says cannabis rescheduling and banking reform are first steps on path to federal legalisation.
- U.S. cannabis industry report shows growth amid anticipation of regulatory change.
- Rhode Island cannabis company claims DEA review process is unconstitutional in new federal lawsuit.
- The most expensive adult-use legalisation campaign in U.S. history is picking up speed in Florida.
- Virginia governor vetoes two cannabis reform bills that had broad bipartisan support among lawmakers.
- South Carolina lawmakers urge House vote on medical cannabis bill, with new poll showing strong bipartisan support.
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Upcoming Event
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Canada
- No international backlash over Canada’s cannabis legalisation in 2018, says Justin Trudeau.
- Tilray lowers its expectations for 2024 and could save US$80 million if taxes are cut.
- British Columbia cannabis industry urges government to implement Cannabis Act final report recommendations.
- Heritage Cannabis is the latest Canadian cannabis producer to obtain an order for creditor protection.
- Leaders in Canada’s hemp sector are disappointed that a new expert committee report ignored deregulation.
- An industrial alliance in eastern Alberta, Canada is building out a hemp supply chain.
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LATAM & The Caribbean
- PharmaCielo’s Colombia-based subsidiary is set to buy Thai-based Siam Ventures Corp. in an all-stock deal.
- Green Care Pharma authorised by Conep and will invest R$20 million in clinical studies.
- The Patagonian reserve of Los Cauces is merging cannabis cultivation and ecotourism.
- Mexico’s health ministry has published rules to regulate the use of medicinal cannabis.
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APAC
- Medical bodies in Australia claim medical cannabis telehealth services are under-regulated.
- Upcoming legal reforms are set to have a ‘significant impact’ and will shape the CBD market in Japan.
- Imported medicinal cannabis being sold without testing for Australian standards, industry warns.
- Health House Australia continues to make operational progress and is set to launch medical cannabis clinic in Q2 2024.
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Africa & The Middle East
- Another sharp drop in the number of medical cannabis patients in Israel for the second month in a row.
- IM Cannabis Corp. enters a strategic distribution agreement with Vessel Brand Inc., a subsidiary of Flora Growth Corp.
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