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International Cannabis Weekly: 350

May 24, 2024

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U.S. RESCHEDULING TO ‘SHIFT THE DIAL’ IN BRINGING INSTITUTIONAL INVESTMENT INTO CANNABIS

While rescheduling has been hailed as a major win for cannabis operators, the change could have positive consequences for an industry starved of institutional capital.

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‘HEMP KILLING’ FARM BILL AMENDMENT COULD MAKE 95% OF HEMP PRODUCTS ILLEGAL

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GERMAN MINISTER SIGNALS END OF ‘SENSELESS’ INTOXICATION CLAUSE

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Business of Cannabis Awards

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Europe
  • 37 interested cultivation associations in Germany’s Rhineland-Palatinate apply for permits starting July 1.
  • Akanda implements second stock split amid debt woes and DanCann Pharma earnings fall due to strategy change.
  • Bulgarian politician, Vasil Bojkov, calls for the production, processing and use of cannabis to be legalised.
  • The Slovenian Medical Association opposes changes to the country’s cannabis laws.
  • One in five police officers in the UK don’t know medical cannabis is legal, new survey reveals.
  • Parliament in the Canary Islands supports the development of a local medical cannabis industry.

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European Cannabis Stocks

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United States

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Upcoming Event

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Canada
  • Health Canada warns unscrupulous health care practitioners authorising up to 100g a day.
  • Glass House applies to Canadian regulators to allow for issuance of up to CA$782 million in equity shares.
  • Tilray to raise up to US$250 million through at-the-market (ATM) equity program to prep for U.S. rescheduling.
  • Canadian cannabis growers are frustrated that their agricultural products are entirely regulated by Health Canada.
  • Aurora’s stock price falls 3.5% this week with the stock trading for as low as CA$9.33.
  • Village Farms strategises for U.S. cannabis market entry off the back of rescheduling decision.

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LATAM & The Caribbean
  • Landmark medical cannabis legislation bill tabled in the House of Assembly in the Bahamas.
  • New measure in Colombia seeks to better regulate the production, import, export, and use of cannabis derivatives.
  • Dominican Republic’s anti-cannabis legalisation President, Luis Abinader, has been re-elected in the general election.
  • A huge photographic art installation in the centre of Bogota celebrates the ‘Faces of Cannabis’ in Colombia.

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APAC

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Africa & The Middle East
  • Cheeba Cannabis Academy launches the Tshego Cannabis Scholarship in South Africa.
  • Cannabis is finally on the radar of South Africa’s grain farming industry with oil seed market targeted.
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