International Cannabis Weekly: 377
November 29, 2024
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A NEW ERA FOR MEDICAL CANNABIS IN DENMARK AS GOVERNMENT ANNOUNCES LEGALISATION PLANS
Denmark’s six-year medical cannabis pilot scheme could soon be expanded into a fully legalised market, following a surprise announcement from the government last week.
NEW DRAFT OF U.S. FARM BILL INCLUDES MAJOR CHANGES TO HEMP REGULATIONS
CZECH GPs WILL BE ABLE TO PRESCRIBE MEDICAL CANNABIS STARTING FROM NEXT YEAR
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Europe
- France urged to decriminalise cannabis to tap into lucrative market and boost tax revenues.
- Bedrocan CEO Jaap Erkelens believes medical cannabis industry is the most profitable.
- Medical cannabis ‘should not be home office issue’ according to Cannabis Industry Council.
- Germany hosts EU leaders and EUDA to exchange insights on cannabis regulation.
- The “CannabiSanté” coalition campaigns for access to medicinal cannabis in France.
- SOMAÍ Pharmaceuticals and Universidade Lusófona collaborate in scientific publication on ‘entourage’ effect.
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United States
- LeafLink acquires Leaf Trade in landmark deal slated to generate US$9 billion in annual revenues.
- Kentucky to launch its long-awaited medicinal cannabis program next month more than a year after legalisation.
- Motion to remove DEA as proponent of cannabis rescheduling hearing dismissed by judge.
- Acreage announces expectation to be acquired by Canopy USA in mid-December.
- Florida’s medical cannabis industry to nearly double as first licences issued in 5 years.
- Democratic congressional lawmakers push Biden to issue marijuana executive order before Trump takes office.
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Canada
- Cannabis company Canopy Growth appoints Luc Mongeau to serve as new CEO.
- Health Canada has granted Brock University a license to conduct cannabis analysis.
- Cannara Biotech Inc. reports Q4 and fiscal year 2024 results, achieving record sales.
- Canadian cannabis co. Decibel reports 12% YoY drop in Q3 revenue but increases gross margin to 53%.
- MTL Cannabis Corp. announces availability of annual general and special meeting materials.
- Sensi Brands Inc. launches THC-Infused pouch “Chillows by Potluck™” promising a shift in consumption patterns.
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LATAM & The Caribbean
- RDC 660 products lead and boost sales in the medicinal cannabis market in Brazil in 2024.
- Justice suspends resolution that authorised pharmacists to prescribe medicines.
- Why does Argentina need the popular wisdom of cannabis to build scientific knowledge and public policies?
- Do you use medicinal cannabis in Chile? you will no longer be prosecuted by Narcotest Positivo.
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APAC
- Stakeholders again urge government to unlock New Zealand’s $2 billion hemp potential.
- Australians expected to spend $1 billion on medical cannabis this year as use of drug rockets.
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Africa & The Middle East
- Cannabis trade dispute between Israel and Canada escalates amid allegations of flawed tariff methodology.
- South Africa’s cannabis master plan moved from agriculture to the trade and industry ministry to drive growth.
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