International Cannabis Weekly: 168

AUSTRALIAN MEDICAL CANNABIS APPROVALS ARE RISING DESPITE COVID-19 IMPACT

Despite the impact of COVID-19 on the Australian healthcare system, approvals of medical cannabis are once more increasing, as 35,428 have now been recorded in 2020, more than double the number of approvals recorded in 2019.

This news comes at an important time for the Australian cannabis market, which has seen a number of positive developments in recent weeks.

For a full overview, read the latest feature from Prohibition Partners, here.

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HIGHLIGHTS

• KEY INSIGHTS FROM CBD: THE CONSUMER REPORT.
• SYNTHETIC CANNABINOID FIRM HALVES WORKFORCE SINCE 77% STOCK DROP.

• Aphria completes its first medical cannabis shipment to Germany.
• STADA partners with MediPharm to supply medical cannabis for the German market.
• The Body Shop launches CBD skincare collection for UK and US markets.
• Halo Labs acquires Canmart to distribute medical cannabis in UK pharmacies.
• Slovakian Ministry of Health proposes to allow the use of CBD-containing products.
• Italy’s Agriculture Ministry has granted hemp flower a new legal status.
• A new study on the use of medical cannabis has been published in France.

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• Cannabis stocks surge following Kamala Harris pledge to decriminalise cannabis.
• Vermont Governor allows adult-use cannabis into law.
• West Virginia awards 10 medical cannabis cultivation permits.
• Illinois cannabis sales in September reach record high at US$67.8 million.
• Arkansas medical cannabis dispensaries face supply shortages.
• Mark Zuckerberg donates half-million dollars to Oregon drug decriminalisation campaign.

• Virginia lawmakers send new cannabis possession decriminalisation bills to governor.
• New Jersey governor promotes cannabis legalisation referendum.
• Scientists and veterans challenge DEA’s cannabis classification.
• Michigan plans to expand the adult-use cannabis market to curb illicit market sales.

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• Cannabis New Brunswick announces CA$3.3 million net profit in Q2 2020-2021.
• New poll suggests medical cannabis patients feel taken advantage of.
• VIVO Cannabis announces fully marketed CA$5 million public offering.
• IGNITE announces termination of cannabis trademark agreement with Namaste.

• Uruguay-grown medical cannabis available in the German market for the first time.
• Mexican Senate leader expects adult-use cannabis law to be passed in December.
• Colombian Senate plans to discuss legal framework bill for commercial hemp.
• Uruguay simplifies the administrative process for medical cannabis production licences.
• Costa Rica will announce commercial hemp regulations in the next six months.

• Thailand’s health minister plants cannabis as Thailand eyes medicinal market.
• New Zealand doctors speak out against NZMA’s stance against cannabis legalisation.
• Australia’s Department of Health plans to set GMP standards for imported medical cannabis.
• New Zealand extends medical cannabis transition to avoid supply shortages.

• Tikun Olam Cannbit signs UK CBD oil supply agreement with ITH Pharmaceuticals.
• Cape Cannabis Club offers cannabis home deliveries in Cape Town.
• Israel’s Ministry of Health announces the issuing of cannabis export permits.
• Cronos Group launches medical cannabis brand Peace Naturals in Israel.