International Cannabis Weekly: 167

EUROPE IS RECORDING ONE MILLION
CANNABIS OFFENCES PER YEAR

Despite the slow advancement of cannabis deregulation across Europe, a high volume of offences continue to be recorded across the continent. However, when analysing the data, it is clear that large national discrepancies exist, with some European countries accounting for significantly higher volumes of recorded offences.

Find out how countries are tackling cannabis criminalisation in the latest feature from Prohibition Partners.

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HIGHLIGHTS

• FRENCH MAYORS DEMAND CANNABIS LEGALISATION
• DEMOCRATS INCLUDE CANNABIS BANKING PROVISIONS IN COVID-19 RELIEF PACKAGE

• Dutch government publishes Q&A to ease doubts about the adult-use cannabis programme.
• Major new CBD consumer report launched by Prohibition Partners.
• Sativa Wellness starts trading on the Aquis Exchange following Stillcanna merger.
• German approved medical cannabis insurance applications reach 100,000.

Prohibition Partners latest release, The CBD Consumer Report, presents expert market and competitor analysis and unparalleled insights from over 15,000 adults across seven key markets around the world. The report includes learnings such as:

52%, of consumers use CBD to help with sleep and relaxation

51% of consumers use CBD to manage wellness and to treat various health conditions

Nearly 30% of users in mature markets expect to increase their usage of CBD during the global pandemic

The OTC CBD market is expected to be worth US$5.8 billion in 2020

This report is a vital resource for business owners, investors, marketers and C-suite executives operating in the booming CBD market.

READ MORE

• Ontario government cannabis prices undercut illicit market prices.
• More than a quarter of cannabis retailers in Portland could face disqualification.
• Acreage Holdings raises US$33 million loan to repay short-term debt.
• The rise in SPACs is providing cannabis companies with investment and IPO opportunities.
• Hawaii governor signs legislation allowing the sale of medical cannabis edibles.
• Oregon cannabis sales continue to increase following COVID-19.
• New Jersey governor supports cannabis legalisation for November ballot.
• Colorado governor grants 2,732 pardons for people convicted of cannabis possession.
• Utah’s medical cannabis programme exceeds 10,000 patients.

Prohibition Partners LIVE returns as a four-day virtual cannabis conference taking place November 17-20.

Connect with industry pioneers, key stakeholders and future partners from the safety of your own home.

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• Ontario doubles cannabis store authorisations, issuing 10 licences weekly.
• B.C. municipalities urge the provincial government to share cannabis related revenues.
• Christina Lake Cannabis announces commencement of trading on the CSE.
• SpeakEasy harvests one of the largest legal outdoor cannabis crops in North America.

• Khiron sells medical CBD in Peru and surpasses 3,000 prescriptions in Colombia.
• Argentinian cannabis advocacy group, CCC, obtains legal status.
• Ecuador assesses hemp grain to replace corn in feed for shrimp.
• Mamá Cultiva Argentina launches therapeutic cannabis training programmes.
• Argentinian council debates a municipal registry for medical cannabis crops.

• Roughly 80 percent of New Zealanders over the age of 21 have used cannabis.
• Australian medicinal cannabis patient numbers increase as Australians stay at home.
• New Zealand drug foundation warns global competitors may undercut domestic growers.
• Bod Australia and China’s H&H group join forces to launch CBD products in the US.
• New poll suggests support for cannabis legalisation in New Zealand is shrinking.
• Thailand farmers hope to grow and export by 2021.

• Legal cannabis in South Africa could generate R8 billion but experts have their doubts.
• Lebanon hopes cannabis will help the country’s economic turmoil.
• Israeli legislators consult Colorado district attorney on cannabis legislation.