International Cannabis Weekly: 356
July 5, 2024
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BRAZIL’S SUPREME COURT DECRIMINALISES ADULT-USE CANNABIS POSESSION
Brazil’s Supreme Court votes to decriminalise possession of cannabis for personal use, making the nation one of Latin America’s last to do so.
LAUNCH OF EUROPEAN UNION DRUGS AGENCY SIGNALS NEW APPROACH TO ILLICIT DRUGS
‘VERY FEW’ CANNABIS CULTIVATION ASSOCIATION APPLICATIONS IN GERMANY
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Online Event
On behalf of the German Cannabis Business Association, Boveda’s head of international relations, Benjamin Patock, will be co-hosting a free international briefing on Wednesday 10 July at 8pm CET. The briefing will give exclusive insights into current opportunities in Germany for cannabis companies worldwide.
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Europe
- Liberal Democrats leader Ed Davey defends support for legalising cannabis and smoking ban in the UK.
- Winners of the inaugural Business of Cannabis Awards have now been announced.
- News Round-Up: UK crown dependencies advance cannabis plans and Swedish cannabis in Switzerland.
- Cannabis Social Clubs (CSCs) are to be controlled by the state in North Rhine-Westphalia, Germany.
- Overseed completes new round of funding of €4.7 million to produce 100% French medical cannabis oil.
- Hellenic Dynamics completes Phase 1 of its large-scale facility and pursues additional funding.
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United States
- Delaware medical cannabis expansion takes effect as state prepares for adult-use market launch.
- Charlotte’s Web continues to struggle in first quarter as losses triple compared to same time last year.
- NCAA votes to remove cannabinoids from banned drugs class for championships and postseason football.
- Federal judge dismisses Massachusetts lawsuit which argued federal prohibition of cannabis is unconstitutional.
- Arizona medical cannabis programme participation plunges as patients turn to recreational market.
- One of the oldest multistate operators in the cannabis industry is changing its name again.
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Canada
- Retailers, producers, and consultants say more needs to be done to help the Canadian industry grow and thrive.
- Canna Farms is closing shop as its parent company shifts its medical platform to its Ontario facility.
- Verano lawsuit against Goodness Growth for nearly $861 million in damages after all-stock acquisition deal was terminated.
- Canadian cannabis oil labels are rife with ‘discrepancies,’ according to findings of a new Health Canada study.
- Papa’s Herb and Chinook Cannabis to sell first legal disposable vapes at a music festival since AGLC update.
- Decibel’s dominance in pre-rolls segment tested by market shifts and 16% revenue drop.
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LATAM & The Caribbean
- Xebra Brands expands strategic partnership with iCAN to enhance CBD product offering in Mexico.
- Mexican authorities authorise import, cultivation and harvesting of hemp containing 1% THC.
- Unprecedented drug use study in Brazil could influence public policies in the capital of Ceará.
- The government of Argentina claims to have detected irregularities in Reprocann and could impose restrictions.
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APAC
- Tyson 2.0 partners with Medican to cultivate and distribute medical and adult-use cannabis products in Thailand.
- Red tape to be cut for hemp growers in Victoria, Australia, as government backs inquiry recommendations.
- New Zealand firm Ora Pharm launches new plant processing and export services for medical cannabis cultivators.
- Cook Islanders and visitors can now bring in medicinal cannabis into the country from New Zealand and Australia.
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Africa & The Middle East
- The cannabis conundrum: investment potential and regulatory hurdles in South Africa.
- Spokesman for the National Drug Law Enforcement Agency in Nigeria addressed growing legalisation debate.
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