International Cannabis Weekly: 366

ITALIAN COURT SUSPENDS BAN ON CBD OILS BUT THREAT TO HEMP SECTOR REMAINS

Legal efforts in the TAR (Tribunale Amministrativo Regionale) of Lazio have successfully seen the court suspend the government decree to classify CBD oil as a narcotic.

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U.S. CANNABIS COMPANIES FILE FIRST FEDERAL PROHIBITION APPEAL BRIEF TO COURT

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MOROCCO PARDONS CANNABIS FARMERS AND LOOKS TO GROW LEGAL MARKET

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• Product Earth ‘heartbroken’ as it is forced to cancel the second day of event at short notice, as CEO steps down.
• Swiss cannabis software pioneers CANNAVIGIA announce appointment of Timo Bongartz as new CEO.
• New study finds low doses of THC could play a key role in reversing cognitive decline associated with ageing.
• Swiss health officials see progress in Zurich pilot project for regulated cannabis sales, focused on prevention and health.
• European cannabis producer Cantourage reports a 62% revenue increase and projects positive EBITDA.
• Tilray Medical announces positive findings of study that examined impact of medical cannabis on fibromyalgia.

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• Donald Trump endorses rescheduling and safer banking to win over potential voters, sending cannabis stocks flying.
• Democratic candidate in Texas smokes cannabis on camera while calling for legalisation in new campaign ad.
• Cookies announces sponsorship of University of Southern California Athletics team.
• Indiana could become the next state to legalise cannabis if Democratic candidate is voted in as governor.
• California governor pushes through emergency legislation banning any trace of THC in hemp products.
• Biopharma company sues DEA for ‘unjustified delays’ in approving research into cannabis treatments for MS.

• Vectura Fertin Pharma debuts Luo CBD lozenge in Canada, in partnership with Aurora.
• Decibel reports 400% dried flower market growth and expansion to UK, Australia, Israel, and Germany.
• Canadian consumers shift to vapes and pre-rolls as flower sales continue to fall, research finds.
• BC-based Hytn Innovations Inc. teams up with 4C Labs to produce medical cannabis for distribution in the UK.
• New Canadian cannabis industry organisation seeks to establish better standards for product testing.
• SQDC sells CA$162.9 million worth of cannabis in the first quarter of its 2024-2025 reporting period.

• Uruguay’s pharmacies will soon stock the most potent strain available on the country’s legal market.
• The first debate on the regulation of adult-use cannabis in Colombia has passed a critical stage.
• The Federal Council of Chemistry can assist the development of Brazil’s cannabis ecosystem, professor says.
• Sustainable cannabis cultivation is ‘transforming’ the Argentine valley of Chilecito and the lives of its inhabitants.

• Japan issues update on new THC limits in CBD products which remain ‘strictest in the world’.
• Indian state of Himachal Pradesh opens markets for industrial hemp and medical cannabis.
• Australia-based Montu is offering to buy back 12 million shares acquired by investors through the Birchal platform.
• Byron Bay Bio set for Birchal raise as tech advancements form centrepiece of company vision.

• The government of Zimbabwe is aiming to establish a billion-dollar cannabis industry by 2028.
• Rwanda’s first ever cannabis production site is reportedly due to be completed by the end of September.