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International Cannabis Weekly: 353

June 14, 2024

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OVERSUPPLY IN CANADA: 53.7 MILLION UNSOLD CANNABIS PRODUCTS IN DECEMBER 2023

New data from Health Canada shows Q4 inventory-to-retail sales ratios are disproportionate for all product categories.

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3 MORE U.S. STATES COULD SEE CANNABIS LEGALISATION ON NOVEMBER BALLOTS

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FIRST DOMESTICALLY-GROWN MEDICAL CANNABIS NOW AVAILABLE TO UK PATIENTS

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Europe
  • Bloomwell Group unites brands and operations to form Germany’s largest digital platform for medical cannabis.
  • Slovenian voters approve non-binding cannabis legalisation in landmark referendum.
  • Struggling UK CBD company Chill Brands Group has suspended trading of its shares amid board clash.
  • 276,807 medical cannabis prescriptions were issued in Poland last year, compared to just 2,909 in 2019.
  • Danish medical cannabis manufacturer Stenocare has launched a new ‘next generation’ cannabis oil.
  • Tikun Olam Europe: First company to develop finished medical cannabis products under prescription in Greece.

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United States
  • New York bill to relaunch cannabis farmers markets heads to governor’s desk.
  • California senators approve bill to legalise cannabis cafes where people could smoke, eat food and socialise.
  • White House opposes a proposal to end cannabis testing for military recruits, calling cannabis a ‘safety concern’.
  • Adult-use cannabis sales could begin this summer on lands held by Cherokee Indians in North Carolina.
  • New state law in Washington means medical cannabis users can get a break from the highest tax on the drug.
  • Innovative Industrial Properties buys industrial space in Florida with eye on cannabis cultivation.

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Canada

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LATAM & The Caribbean

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APAC

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Africa & The Middle East
  • Speculation is rife about which other countries in Africa could follow South Africa’s decision to legalise cannabis use.
  • Cannabis extracts reduce ‘disease burden’ for Israeli medical cannabis patients suffering with chronic pain.
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