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International Cannabis Weekly
The week’s global cannabis news, read through the analyst’s lens — one sentence per story, sourced.
367
7 regions31 stories15 countries
Top story
Legal cannabis sales in New York could surpass US$1 billion in 2024
Cannabis retailers reported US$429.9 million in revenue from January through the end of August, a month that saw weekly sales surpass $20 million for the first time.
USAdult-uselink no longer available
Europe
6 stories- Sources in Germany say the long-anticipated 'Pillar 2' is in danger of being abandoned
DERegulationlink no longer available
- Aroya and Cannavigia join forces to deliver Swiss precision cannabis cultivation solutions
CHBusiness & Investmentlink no longer available
- Celadon raises over £1 million and forms strategic collaboration with Danish pharma firm
DKBusiness & Investmentlink no longer available
- Flora Growth expands European presence with new strategic supply agreement for medical cannabis
Business & Investmentlink no longer available
- Somai Pharmaceuticals launches in Ireland, offering widest range of cannabis-based medicines to patients
IEMedicallink no longer available
- New medical cannabis clinic Muracanna launched in UK by The Yardley Clinic
GBMedicallink no longer available
United States
6 stories- DEA acknowledges legitimacy of new two-part test used to determine substance's accepted medical use
USRegulationlink no longer available
- New York cannabis officials announce US$5 million in community grants funded by cannabis tax revenue
USRegulationlink no longer available
- Two prominent players in cannabis finance industry declared third-quarter dividends nearing US$1 billion
USBusiness & Investmentlink no longer available
- Althea Group subsidiary Peak USA begins production of a cannabis beverage line in Florida
USAdult-uselink no longer available
- Mammoth Distribution acquires Papa & Barkley, one of most established Californian cannabis brands
USBusiness & Investmentlink no longer available
- Study finds that national legalisation would likely reduce cannabis prices in higher-cost U.S. markets
USHealth & Sciencelink no longer available
Canada
6 stories- HYTN secures deal with 4C Labs to supply medical cannabis to UK and potentially other global markets
CAGBBusiness & Investmentlink no longer available
- Akanda Corp secures hemp cultivation licence in Canada, building on previous development agreement
CAHemp & CBDlink no longer available
- Medipharm Labs announces payment of remaining convertible debt amount, leaving company debt-free
CABusiness & Investmentlink no longer available
- High Tide reports third quarter 2024 financial results featuring record revenue of CA$131.7 million
CABusiness & Investmentlink no longer available
- Aurora receives patent allowing company to better identify autoflowering traits in cannabis plants
CABusiness & Investmentlink no longer available
- Health Canada conducted total of 662 inspections of cannabis licence holders in year ending March 31, 2024
CARegulationlink no longer available
LATAM & Caribbean
4 stories- Medical cannabis and industrial hemp gain more ground in the Brazilian agribusiness sector
BRRegulationlink no longer available
- Mato Grosso do Sul approves distribution of cannabis medicines in public network
BRMedicallink no longer available
- Agrogenética Riojana completes cannabis export to Green Brothers in Switzerland
ARCHBusiness & Investmentlink no longer available
- Study finds uncommon terpenes and 'significant phytochemical diversity' in Colombian-grown cannabis
COHealth & Sciencelink no longer available
Africa & Middle East
2 stories- Africa Hemp Fund analysis says continent's hemp industry could reach US$2.4 billion
Hemp & CBDlink no longer available
- South Africa issues 1,110 permits for hemp cultivation following bill approval
ZARegulationlink no longer available
APAC
2 stories- Thailand's new government introduces bill to regulate cannabis industry
THRegulationlink no longer available
- Japan set to criminalise adult-use cannabis and legalise medical use
JPRegulationlink no longer available
Oceania
2 stories- Tilray Medical launches EU-GMP certified Redecan brand in Australia
AUBusiness & Investmentlink no longer available
- The Cannabis Clinic in New Zealand rolling out assisted telehealth model
NZMedicallink no longer available
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