International Cannabis Weekly: 160
Highlights
Highlights
- 30% of adults in Europe and North America are willing to try CBD or cannabis beverages.
- Total acreage of hemp farms in the US shrinks for the first time.
- Cannabis sales in California reach a record of US$348 million in July.
- European cannabis trade routes are becoming more diversified.
Highlights
Europe
- MGC Pharma signs UK medical cannabis distribution deal with LYPHE.
- Cyprus cannabis industry hindered by low levels of medical cannabis prescriptions.
- Germany’s BfArM approves medical cannabis imports from Spain.
- Bophelo signs $US30 million sale agreement with Malta’s Medcan.
Highlights
DISRUPTING DRINKS
The Impact Series: Disrupting Drinks details the result of Prohibition Partners’ unique consumer research polling, covering over 15,000 adults across seven-country markets evaluating usage, purchase and attitudes towards cannabinoid-based products.
Our analysis also includes an investigation into the latest developments across global regulations and legislation, providing clarity for investors, operators and market entrants.
Highlights
USA
- Oklahoma cannabis sales reach US$385 million this year.
- Colorado’s cannabis sales hit record high of US$198.9 million in June.
- Virginia’s first medical cannabis dispensaries plan to open in a few weeks.
- Montana adult-use cannabis legalisation certified on November ballot.
- Arizona recreational cannabis initiative will be placed on the November ballot.
- New York’s economy and communities could benefit from cannabis legalisation.
Highlights
Canada
- Canopy Growth, Tilray and TGOD release quarterly financial results.
- Canada’s Cannabis Working Group claims COVID-19 payment relief falls short.
Highlights
Latam & Caribbean
- Uruguay launches two new measures to incentivise medical cannabis exports.
- Argentina plans to open the country’s first industrial park for cannabis production.
- Paraguay considers cultivating medical cannabis for export.
Highlights
APAC
- Thailand believes medical cannabis tourism will aid the nation’s economy.
- Eqalis receives one of New Zealand’s first commercial medicinal cannabis licences.
Highlights
Africa & Middle East
- South Africa approves new possession rules for cannabis users in draft bill.
- Canveda enters an agreement with Panaxia to manufacture cannabis products in Israel.
- Innocan Israel enters CBD manufacturing and distribution agreement with Endless Sky.
Highlights
The Disrupting Drinks Report
Total hemp farm acreage has reduced for the first time in the US, offering an insight into the future of the industry as quality begins to take precedent over quantity.
Insights
on the global cannabis industry
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