International Cannabis Weekly: 374
November 8, 2024
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WHAT DOES TRUMP’S AMERICA MEAN FOR CANNABIS?
As the most consequential US election in recent history comes to close after a long and turbulent campaign, the dust is beginning to settle on the prospective outlook for cannabis under the new administration.
GERMANY ANNOUNCES FURTHER PLANNED ADULT-USE TRIALS
FLORIDA & NORTH DAKOTA VOTE AGAINST CANNABIS LEGALISATION
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Europe
- Prohibition Partners & Mary Jane Berlin announce launch of International Cannabis Business Day in Berlin next year.
- Survey finds majority of Germans support legalisation of cannabis for personal use and possession.
- NHS faces criticism for denying patients medical cannabis access despite families’ continued advocacy.
- Berlin’s first cannabis club officially opens, offering legal cannabis to registered German adults.
- Parents of children with epilepsy urge NHS to allow broader access to medical cannabis.
- Germany grants licences to first cannabis-growing associations in Brandenburg and Thuringia regions.
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Upcoming Event
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United States
- U.S. cannabis markets on the ballot this year could generate US$3 billion in revenue in first year.
- Voters in Texas cities approve local initiatives decriminalising low-level cannabis possession.
- Nebraska voters approve medical cannabis legalisation after years of advocacy despite legal obstacles.
- Oregon passes ballot measure to protect cannabis industry workers’ union rights in the state.
- Medical cannabis legalisation passes in every Kentucky city and county voting on the measure.
- Ohio’s adult-use cannabis market reaches US$143 million in sales within launch period’s first weeks.
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Canada
- Ontario pledges significant funding to curb illegal cannabis market activity throughout the province.
- SNDL solidifies its position as Canada’s leading cannabis producer in competitive market landscape.
- Tether unveils holiday gift guide for cannabis retailers across Ontario’s regulated cannabis market.
- Aurora Cannabis sees growth in international sales despite reporting financial losses this quarter.
- Surrey’s legal cannabis stores to remain operational amid ongoing legal challenges from city officials.
- SNDL reports improved financial performance for third quarter as operations expand across Canada.
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LATAM & The Caribbean
- Brazil explores potential benefits of cannabis treatments for pets in emerging veterinary markets.
- Argentina’s cannabis industry projected to contribute $1.7 billion annually to improve economic stability.
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APAC
- New Zealand’s Puro secures strategic investment from Māori iwi for continued cannabis market growth.
- Victoria to reconsider driving laws for patients prescribed medical cannabis in the state.
- Japanese CBD suppliers adapt to stringent rules requiring entirely THC-free product formulations.
- Biortica prepares for ASX listing with capital raise planned to support cannabis market entry.
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Africa & The Middle East
- Cannapharma Rx set to complete additional shipments in Africa to expand its regional market.
- IM Cannabis announces plans to release third-quarter financial report next week in November.
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