International Cannabis Weekly: 153
Highlights
Highlights
- Prohibition Partners LIVE welcomes over 1,500 delegates to inaugural virtual event.
- UK government reclassifies Epidyolex as a Schedule 5 drug.
- Whistleblower claims US Attorney General falsely targeted ten cannabis companies.
Highlights
Europe
- German cannabinoids’ sales climb to reach US$16.8 million in March.
- Is the CBD bubble about to burst?
- Leading professor says UK medicinal cannabis has reached an impasse on clinical trials.
- Swiss lawmakers to consider expanding medical cannabis access.
- British cannabis campaigners call on the government to improve patient access.
- Czech extraction facility receives approval to export full-spectrum hemp extract to Spain.
- CBDepot group announces new EU GMP compliant manufacturing site for CBD APIs.
Highlights
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Highlights
USA
- Canopy Growth reaches agreement to amend its deal to purchase Acreage Holdings.
- Veterans health commission recommends furthering cannabis & psychedelics research.
- Oklahoma Supreme Court clears cannabis legalisation measure for signature gathering.
- LA city council gives initial approval to cannabis social equity programme overhaul.
- Massachusetts posts lukewarm recreational cannabis sales for first week of reopening.
- New Jersey to phase out medical cannabis sales taxes by July 2022.
- MedMen loses provisional medical cannabis business licence in Virginia.
Highlights
Canada
- Ontario cannabis market surpasses 100 cannabis retail store authorisations.
- Cannabis retail sales fall slightly 0.6% in April after stockpiling in March.
- Retailers in British Columbia seek approval for cannabis delivery.
- Aurora Cannabis to close five facilities and lay off 700 workers during restructuring.
- Canopy Growth to target cannabis-infused vapes and drinks in ‘bounce back’ effort.
- Regulators issue cease trade order for Sunniva pending overdue financial statements.
Highlights
Latam & Caribbean
- British Virgin Islands projected to make annual US$30 million future cannabis exports.
- Colombia’s justice minister says cannabis is a financial opportunity post-coronavirus.
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APAC
- Medical cannabis approvals show triple-digit annual growth in Australia.
- Australian TGA to review complaints of alleged non-compliant cannabis advertising.
- New Zealand’s Kāriki Pharma signs agreement paving way for exports to Germany.
Highlights
Africa & Middle East
- Israel’s Knesset plenum votes to advance two cannabis legalisation bills.
- South Africa cements new down-scheduled status of CBD and cannabis.
- Israel’s Univo imports cannabis from Lesotho and gains approval for Canadian imports.
Highlights
Health & Science
- Epilepsy patients overwhelmingly prefer plant-derived CBD over synthetic equivalent.
- CBD reduces behavioural problems in children with intellectual disabilities, study finds.
- Women found to experience the same cannabis effects at a lower THC dosage than men.
Highlights
Psychedelics
- US military invests US$27 million in developing psychedelics-inspired drugs.
- New poll shows 59% of Canadians support legalising psilocybin use for the terminally ill.
- Iowa rejects psilocybin decriminalisation amendment in floor vote.
- Former Canadian health minister joins advisory board of Red Light Holland.
- MindMed files two patent applications for screening & optimising MDMA and LSD dosing.
Highlights
FEATURE
Health insurance cannabis sales in Germany soared in Q1 2020, reaching a new record high of almost €15 million in March, more than 50% above the €9.5m of a year before.
The exceptionally good results in March 2020 may reflect some patients redeeming their prescriptions earlier to cope with the COVID-19 crisis, similar to the stockpiling seen in North American markets during March.
Read the full analysis from Prohibition Partners here.
Insights
on the global cannabis industry
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