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International Cannabis Weekly: 370

October 11, 2024

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GERMAN MEDICAL CANNABIS MARKET SET TO REACH €420 MILLION IN 2024 AMID ‘SECOND WAVE’ 

Germany’s flourishing medical cannabis market is now forecast to top €420m this year, according to the 1st Edition of The German Cannabis Report.

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POLAND NEARLY DOUBLES MEDICAL CANNABIS IMPORT LIMITS AS DEMAND SURGES

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CALIFORNIA’S CONTROVERSIAL HEMP BAN FACES TEMPORARY RESTRAINING ORDER

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Europe
  • Curaleaf’s Boris Jordan expects European business to ‘double’ next year despite market risks.
  • A cross-party alliance of German MPs has filed a complaint about Bavaria’s cannabis policy.
  • Berlin summit on 26 November set to unite industry leaders to shape Germany’s cannabis future.
  • The number of items prescribed in the UK’s private medical cannabis market has doubled each year since 2021.
  • CANNAVIGIA prepares software solution for German adult-use cannabis pilot projects, engaging over 25 municipalities.
  • The German Cannabis Business Association to host the next International Cannabis Briefing on 15 October.

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United States

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Canada
  • Canopy Growth finalises Wana acquisition, taking on 100% of the company and its subsidiaries.
  • TerrAscend withdraws $26 million from its $140 million loan to pay off higher-interest debt it holds in Michigan.
  • Cannabis industry in Canada faces scrutiny over its societal impact and the decline of its medical cannabis market.
  • Tilray Brands launches Charlotte’s Web ‘CBD Life’ and ‘Rest’ in Ontario and will soon expand to other provinces.
  • High Tide opens the 70th Canna Cabana dispensary in Ontario, it’s tenth location in Toronto.
  • Mother Labs will reportedly launch a line of branded cannabis flower for the German medical market.

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LATAM & The Caribbean

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APAC
  • Elixinol Wellness has signed a binding agreement to acquire premium lifestyle brand The Healthy Chef.
  • Pressure grows on Releaf Group in Australia as court cases mount and doctors down tools over unpaid wages.

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Africa & The Middle East
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