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International Cannabis Weekly: 373

November 1, 2024

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DEA CANNABIS RESCHEDULING HEARING DELAYED UNTIL 2025, AGENCY JUDGE RULES

Chief Administrative Law Judge (ALJ) has issued a preliminary order signalling that the information provided on those set to testify was insufficient and requesting additional details and potential availability for a formal hearing in January or February 2025.

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JUDGE SAYS NEW YORK’S CRACKDOWN ON UNLICENSED STORE IS UNCONSTITUTIONAL

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PILOT PROJECT IN FRANKFURT COULD SEE THC PRODUCTS SOLD LEGALLY

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Europe
  • European medical cannabis boom driven by telemedicine and regulatory reforms, new report is set to reveal.
  • 118% surge in UK medical cannabis prescriptions, but awareness among professionals and public lags behind.
  • For the third time, the Italian administrative court suspends the decree that classified CBD as a narcotic.
  • Ireland’s cannabis reform: Oireachtas committee pushes decriminalisation of cannabis in Ireland.
  • UK backs a proposition to raise the THC limit in hemp to 0.3%, aligning with EU and U.S. standards.
  • Bedrocan expands into Denmark with plans to commercialise a new high-CBD strain of medical cannabis.

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New Report

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United States

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Canada
  • Canadian cannabis market shows ‘chilling’ stagnation with almost zero growth in consumer sales so far in 2024.
  • Ontario is stepping up its crackdown on illicit cannabis with a CA$31 million investment over the next three years.
  • New Brunswick sees a rise in popularity of ‘convenient’ cannabis products as market continues its shift.
  • GCAC forms a new collaboration to deliver enhanced cannabis care for 1,000 Canadian veterans.
  • Decibel acquires AgMedica, announces proposed private placement and a positive Q3 2024 outlook.
  • Ayurcann post record gross revenue for fiscal year 2024, surpassing CA$45 million.

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LATAM & The Caribbean

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APAC

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Africa & The Middle East
  • Morocco’s cannabis industry grows as ‘green gold’ sparks new economic opportunities for the country.
  • South African company Nexus launches a major project to process and export cannabis grown in the country.
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