International Cannabis Weekly: 147
Highlights
Highlights
- Artemis Growth Partners acquires UK cannabis producer Bridge Farm for US$81 million.
- Lockdown measures are fuelling unprecedented cannabis sales.
- Albania prepares draft law to legalise medical cannabis.
- France’s blanket ban on hemp-derived CBD products contradicts EU laws.
- Hemp and CBG: What will the 2020 consumer look like?
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Highlights
Europe
- Czech government announces new licensing system and plans for export.
- The UK’s medical cannabis market shows little growth in early 2020.
- Materia acquires licensed German importer and distributor Cannaktiv.
- XPhyto Therapeutics partners with German brewery for cannabis-infused beverages.
- Terrace Global signs deal with Flowr Corporation to develop Portuguese grow site.
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Featured
Cannabigerol (CBG) is a rising star within the hemp industry, tipped to follow in the footsteps of CBD as the next non-psychoactive cannabinoid to dominate the low-THC consumer market. We speak to industry leaders, Avicanna and American Hempseed, to understand what is CBG and how it’s set to disrupt the hemp market.
Highlights
Canada
- Canada’s mental health commission is seeking cannabis-related research proposals.
- Work suspended at Ontario greenhouse after worker tests positive for COVID-19.
- Aurora Cannabis confirms share consolidation will be effective from 11 May.
- Tilray stock drops after reporting ‘worse than expected’ Q1 losses.
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USA
- NCIA calls for DEA to stop overseeing the cannabis research application process.
- House legislators add cannabis banking provision in new coronavirus relief bill.
- Michigan sees largest-ever week for recreational cannabis sales.
- Montana hemp farmers establish funding for research and education.
- Maryland medical cannabis sales and patient numbers increase despite COVID-19.
- A California proposal to legalise hemp extracts in food has been delayed until August.
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APAC
- Australia’s agriculture minister files bill to allow export of medical cannabis and hemp.
- Japan’s Hiro International launches CBD oil made from a compound in orange peel.
- CBD wellness and beauty line MUKOOMI launches in Japan.
- Australia’s THC Global acquires Tetra Health for US$1.93 million.
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Latam & Caribbean
- Cannabis export rules delayed in Jamaica as lawmakers focus on COVID-19.
- Green Point Research furthers international expansion with Colombian seed licence.
- Argentinian firm prepares to produce the first cannabis-based medicine in Jujuy.
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Africa & Middle East
- Israel approves medical cannabis exports, opening the door to international sales.
- Israeli study approved to develop cannabis anti-inflammatories for respiratory issues.
- Africa is vying to become a global leader in cannabis cultivation.
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Health & Science
- Pre-clinical study finds CBD may reduce lung inflammation in severe COVID-19 cases.
- Canadian research recommends setting legal age limit for cannabis access at 19.
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Psychedelics
- MindMed advances Phase 2 LSD microdosing trial for adult ADHD.
- Washington DC activists mail 10,000 decriminalisation petitions to local residents.
- Champignon Brands acquires Californian ketamine infusion treatment centre.
- Two Oregon decriminalisation campaigns work together to boost signature count.
- Activists mark the 1-year anniversary of Denver’s decriminalisation of psilocybin.
Highlights
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