International Cannabis Weekly: 398

CANNABIS WILL ADD $123.6 BILLION TO THE US ECONOMY THIS YEAR

The total US economic impact of regulated marijuana sales could top $123.6 billion in 2025, about 9% more than last year, according to a newly released MJBiz Factbook update. While overall industry continues to struggle – especially in some Western states – expanding markets such as New York and Ohio will add stablility going into 2025.

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FRENCH CBD INDUSTRY UNDER ATTACK FROM FOOD REGULATORS

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FIRST CULTIVATION PERMITS IN BAVARIA GRANTED TO THREE CANNABIS CLUBS

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• Portugal’s medical cannabis exports have nearly tripled, reaching new heights for the country’s industry.
• EU policy shift has raised hopes for hemp’s role in carbon removal, despite obstacles.
• Trust in reviews: Inside the growing role of patient feedback in the medical cannabis industry.
• Synthetic cannabis has been found in Belgian vapes has prompted call for regulation.
• Spain has implemented a ban on HHC and similar synthetic cannabinoids, due to concerns.
• Cannabis exec has won a court case over the UK border force seizure of medications.

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• Judge has ruled medical cannabis is not to be covered by insurance in New Mexico.
• Delaware’s adult-use cannabis sales are now back on track after FBI dispute resolution.
• A study has found that medical cannabis may aid recovery from substance use disorders.
• Rhode Island bill would allow terminal patients to use medical marijuana in care homes.
• Hawaii advocates pull support for cannabis bill after conference committee changes.
• Nebraska lawmakers are currently facing roadblocks as cannabis reform bills grind to a halt.

• Cannabis NB has expanded with new stores in Saint John, Moncton, and Hanwell.
• Cannabis industry is booming despite obstacles, according to Toronto Star opinion.
• Organigram’s brands have enjoyed a wave of successes at recent cannabis awards.
• Cannabis brand has challenged a Health Canada marketing fine in court after dispute.
• Canadians view former prime minister Justin Tredeau’s cannabis legalisation as his top success, survey shows.
• Cannabis sales have now been approved at over 17 Calgary-based events starting in May.

• St. Kitts and Nevis have launched a brand-new medical cannabis regulatory authority.
• Experts and families in Rio de Janeiro are currently demanding enforcement of cannabis law.
• Cannabis policy in Brazil has gained momentum through a number of public hearings.
• Argentina has lifted closure of major cannabis distributor in major regulatory shift.

• Australian state has proposed hemp reforms to grow market and streamline supply.
• New Zealand medical council has launched an investigation over complaints over cannabis prescriptions.
• Tilray has made the decision to exit New Zealand market to focus on Australian operations.
• Bioxyne remains on track for $25M revenue projections despite a fall in its third quarter.

• AKOS Bio Pharmacy has expanded medical cannabis access across South Africa.
• Marijuana RCG has heavily urged Ghana to abolish prohibition entirely, not just legalise.