International Cannabis Weekly: 350

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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• 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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• DEA & DOJ officially submit proposal for cannabis rescheduling, setting comment period in motion.
• New Hampshire Senate panel amends House-passed cannabis legalisation bill, sending it to final floor vote.
• California lawmakers approve bill to legalise cannabis cafes, months after governor’s veto.
• Delaware bill would allow medical cannabis operators to sell adult-use cannabis.
• New Jersey Senate Committee approves hemp regulation bill amid cannabis industry growth.
• Colorado cannabis sales bounce back in March, but Michigan’s April figures tell a different story.

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• 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.

• 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.

• U.S. cannabis edibles brand KANHA expands into Japanese market with new wellness lines.
• A reported ‘world-first’ medical cannabis driving trial is set to be launched in Victoria, Australia.
• Australian medical cannabis company Alternaleaf under fire for advertising by Therapeutic Goods Administration.
• Legalise Cannabis Party MPs vow to press on with industrial hemp bill in Australia.

• 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.