International Cannabis Weekly: 365

RESCHEDULING DECISION WON’T BE MADE UNTIL AFTER THE U.S. ELECTION

The U.S. Drug Enforcement Administration last week set a hearing date to take comment on the proposed historic change in federal drug policy for 2 December.

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PAKISTAN SET TO BECOME THE NEXT COUNTRY TO LEGALISE MEDICAL CANNABIS

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DONALD TRUMP PUBLICLY SUPPORTS CANNABIS LEGALISATION IN FLORIDA

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• 25 German cities set to trial adult-use cannabis sales in pharmacies as part of a nationwide experiment.
• German doctors may remain cautious about prescribing medical cannabis despite new rules opening up access.
• Germany moves to overturn controversial hemp law, but legal prosecutions continue.
• Polish Ministry of Health reportedly supports the decriminalisation of cannabis.
• Northern Leaf given six months to remove unauthorised equipment from its cultivation site in Jersey.
• Cosma S.A. and Somai Pharmaceuticals partner to provide cannabis-based solutions in Poland.

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• Emerging opportunities in Europe and domestic consumer demand driving some U.S. cannabis brands to expand globally.
• A new study has found that swing-state voters overwhelmingly back cannabis legalisation.
• Nebraska is set to vote on two key cannabis initiatives during November’s presidential election.
• ACLU pledges to push for cannabis legalisation and expanded clemency if Harris elected president.
• Legal battle erupts in Missouri over governor’s controversial hemp ban as tensions continue to rise.
• California Senate passes bills to allow marijuana sales at state-run farmers’ markets and legalise cannabis cafés.

• Tokyo Smoke applies for creditor protection amid challenges and store closures.
• Organigram closes second tranche of an overall investment of CA$124.6 million from a subsidiary of BAT.
• Canadian cannabis producer Nextleaf reports 50% YoY revenue boost and remains debt free.
• Heritage Cannabis Holdings completes restructuring plan and sale of the company to HAB Cann Holdings Ltd.
• MTL Cannabis reports CA$2.2 million in net income for first quarter, more than doubling revenue compared to last year.
• Red White & Bloom Brands Inc. reports a net loss of CA$10.6 million for the second quarter of the year.

• Puerto Rico’s next governor could support cannabis policy reform ahead of election.
• Mothers in Brazil are leading the charge to secure medical cannabis for sick children.
• Tijucanna Cannabis Therapeutics association wins injunction to plant cannabis in Brazil.
• Brazil’s Federal Council of Psychology is set to host congress on cannabis and psychedelics.

• Thai Deputy Prime Minister is optimistic about the future of the nation’s cannabis industry.
• Medical cannabis companies and doctors face increased scrutiny in Australia as new task force is formed.
• Budding venture leads efforts to simplify medical cannabis prescriptions in New Zealand.
• New Zealand-based Helius Therapeutics strikes a deal to launch medical cannabis extracts in Denmark.

• InterCure announces 2024 first-half results: Revenue of NIS₪126 million and adjusted EBITDA of NIS₪21 million.
• South Africa could replace coal and power-plant jobs by investing in citrus and cannabis plantations.