International Cannabis Weekly: 345

NINE PEOPLE ARRESTED GLOBALLY IN €645 MILLION CANNABIS SCAM

Police forces led by Spain and supported by Europol have arrested a gang which allegedly defrauded victims in 35 countries as part of the ‘JuicyFields’ ponzi scheme.

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NO CANNABIS EXCISE TAX REFORM IN 2024 CANADIAN BUDGET

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UK HOME OFFICE OVERHAULS HEMP LICENSING FRAMEWORK IN ‘GAME-CHANGING’ MOVE

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• The town of Bègles in France unveils plans for a Swiss-style adult-use cannabis trial.
• Centre for Cannabis Medicine in Poland set to introduce 12 cannabis-based prescription products to pharmacies.
• MPs in Slovenia have passed a motion for a referendum on medical cannabis use and home cultivation.
• Cansativa agrees bonus structure for German pharmacies that achieve sales targets with defined products.
• Ministry of Health in Spain rules out the possibility of regulating the sale and consumption of adult-use cannabis.
• Oxford Cannabinoid Technologies (OCT) announces plans to launch a Phase 1 clinical trial into a second compound.

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• Cannabis rescheduling review ‘now with the Department of Justice,’ says White House press secretary.
• Sales of cannabis in Michigan surged in March – up 10.6% with US$288.8 million in total sales.
• Florida experiences ‘slowest growth yet’ in the number of medical cannabis patients.
• 440,000 people are now employed in the U.S. cannabis industry – a 5% increase compared to last year.
• A committee in North Dakota has filed a 2024 ballot measure petition to legalise adult-use cannabis.
• Cannabis sales in Colorado experienced a second consecutive monthly decline in February 2024.

• Canadian cannabis nursery Big League Genetics completes export of cannabis genetics to German producer DEMECAN.
• Village Farms looks to boost cash flow and profitability by launching a renewable natural gas facility in BC.
• Home delivery of cannabis in British Columbia is most popular in Victoria, Uber Eats data reveals.
• Heritage Cannabis Holdings initiates sale and investment solicitation process for its business and assets.
• Avicanna launches a new version of its proprietary oral CBD formulation in Canada.
• Boss Cannabis store approved by council and is set to open near two Port Coquitlam schools.

• Federal government agency in Brazil says medical cannabis will not be the subject of President’s Colombia trip.
• Brazilian cannabis startup Volcanic announced ambitious investment plans for significant expansion.
• Registration requirements for cannabis producers, known as Reprocann, are being reviewed in Argentina.
• Bermuda Chamber of Commerce set to establish a division focused on the burgeoning cannabis industry.

• Pakistan launches a regulatory body for cannabis trade in order to fuel economic growth.
• Thailand revokes all foreign patent requests for the use of cannabis over market domination fears.
• Little Green Pharma reaches cashflow-positive milestone in FY24 after delivering record revenue.
• Neurotech reports strong trial results as firm raises AU$10M to fund drug registration activities.

• Kanabo announces a major expansion of its ‘Treat It’ clinic to cover mental health, while expanding physical presence.
• An official logo that will be affixed to all legal cannabis products in Morocco has been approved and revealed.