International Cannabis Weekly: 371

KAMALA HARRIS PLEDGES TO FEDERALLY LEGALISE ADULT-USE CANNABIS

Presidential hopeful Kamala Harris has pledged to federally legalise cannabis if she wins the upcoming election in November, marking a major positive shift for cannabis reform in the US.

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GERMAN MEDICAL CANNABIS MARKET TIPPED TO TOP €1 BILLION BY 2028

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UK LAUNCHES TWO CLINICAL TRIALS INTO CANNABIS AND CHILDHOOD EPILEPSY

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• German doctors can now prescribe reimbursed medical cannabis without prior approval.
• Cannabis cultivation in the Netherlands is declining as more and more countries in Europe allow cultivation.
• First secretary of the Socialist Party in France advocates for a cannabis legalisation experiment.
• German colleagues remember cannabis reformer Jürgen Neumeyer as a pioneering visionary.
• Voyager Life offloads cannabis operations, Stenocare drops sales guidance, and more from Cantourage.
• Avextra to launch a Phase 2 trial in Italy to test a cannabis-based oral medication for the management of ALS symptoms.

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• Banks could generate over $2 billion in revenue from cannabis industry interest payments by 2035, new report finds.
• New York’s CAURD licensees will now have access to loans of up to $100,000 in a bid to help small cannabis businesses.
• Michigan cannabis sales for September fell sequentially 9.7% from August, with sales of US$266.9 million.
• Pennsylvania voters in GOP-controlled districts support cannabis legalisation, new polling shows.
• U.S. territory Northern Mariana Islands has signed legislation into law ending pre-employment cannabis screening.
• Medical cannabis availability improves mental health in older people, research finds.

• European cannabis company Bedrocan re-enters the Canadian medical cannabis market.
• Canadian clinic launches a three-year study to evaluate the effectiveness of various medical cannabis treatments.
• StateHouse enters bankruptcy proceedings in Canada and prepares for delisting.
• Trulieve opens its 152nd and 153rd cannabis dispensaries in Florida, United States.
• Tilray CEO Irwin Simon is optimistic about cannabis legalisation following the 2024 election.
• Canadian cannabis producer Avant Brand reports record third-quarter revenues, driven by surging global demand.

• Paraguayan cannabis conquers Europe: European market buys entire cannabis flower production.
• Costa Rica’s hemp sector grows with new licences issued, with 57 in total being issued since November 2022.

• Japan releases more details on upcoming CBD regulations, but key issues remain unaddressed.
• Helius Therapeutics launches in the Australian market, three years after the firm’s unveiling in New Zealand.
• Althea sells UK business MyAccess Clinics to fellow Melbourne-based medicinal cannabis company Montu.
• Flora Growth Corp. enters the Australian medical cannabis market with distribution agreement for Storz & Bickel vaporisers.

• Nine African countries have legalised cannabis cultivation for industrial and medicinal purposes.
• Israeli company StickIt develops the SipIT Straw which infuses any beverage with cannabinoids like THC.