International Cannabis Weekly: 362

GERMAN MEDICAL CANNABIS IMPORTS SOAR POST-CANG WITH 44% SPIKE

According to the latest data from BfArM, Germany imported 11,706kg of dried cannabis flower into the country for ‘medical or scientific purposes’.

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NORTH AMERICAN CANNABIS STOCKS RALLY AFTER TRUMP’S CANNABIS COMMENTS

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DUTCH ADULT-USE TRIAL POSTPONED AGAIN AMID SUPPLY SHORTFALLS

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• Celadon sees 60% drop in stock price as funding delayed; Hellenic avoids liquidation; Flora lists in Germany.
• German medical cannabis producer Demecan valued at almost €100 million after U.S. investment.
• Poland proposes changes to prescriptions for medical cannabis via online consultations.
• Medical cannabis in the UK: Best practice guidelines urged amid growing regulatory scrutiny.
• Italy looks to the European Commission to save its hemp industry and Norway launches legalisation initiative.
• Drugs policy foundation Transform is raising funds to launch a campaign to accelerate cannabis reform in the UK.

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• Yale experts say cannabis could help to solve the opioid overdose crisis in the U.S.
• California hemp retailers tell lawmakers that restrictions bill will close businesses and shrink state revenue.
• New Hampshire expands qualifying conditions and providers for therapeutic cannabis program.
• North Dakota to vote on adult-use cannabis legalisation for the second time in two years.
• Nebraska bill to levy 30% tax on consumable hemp products advances out of committee.
• The University of Minnesota School of Public Health has opened the state’s first Cannabis Research Center.

• Organigram has reported a 25% YoY increase in revenues over its third quarter as home market sales rebound.
• Auxly Cannabis Group Inc.’s shares leap 60%, although the company still struggles to make up lost ground.
• SNDL to buy all issued and outstanding common share in Nova Cannabis for CA$1.75 per share.
• Cannabis MSOs embrace new markets and streamline their operations in Q2 2024.
• Victoria Cannabis Buyers Club to challenge CA$3.2 million licensing and permits fine.
• Freedom Cannabis receives creditor protection to pursue restructuring and sales process.

• Two years after passing the Industrial Hemp Act, Guyana still has no official licensing body.
• Colombia exported R$60.5 million of cannabis products last year, but that number could be higher.
• Mexico’s Supreme Court of Justice orders Ministry of Health to issue cannabis regulations within 180 days.
• The Argentine Federation of Cannabis Clubs is preparing a bill to create a registry of medical cannabis users.

• A Chinese study finds hemp terpenes have tumour-reducing properties and could be used in cancer treatment.
• Pakistan’s National Assembly body recommends amendments to the country’s cannabis control bill.
• Puro New Zealand welcomes Vanuatu PM as it looks to build closer ties with emerging market.
• A bill has been introduced to limit cannabis testing exemption to flowers or buds in Guam.

• Innocan Pharma reports second-quarter 2024 results with revenue growth of over 2.8x to US$8.6 million.
• Rwanda’s first cannabis production facility is expected to be completed by next month (September).