International Cannabis News

Mexico’s highest court on Monday overruled cannabis prohibition, effectively decriminalizing the plant for adults nationwide.

Cronos Group Inc. announced on Monday it had reached a deal with Pharmacann that would allow a subsidiary to acquire a potential 10.5% ownership stake in the cannabis operator.

Greek lawmakers approved a measure last week to legalize the cultivation and sale of medical cannabis products.

The cannabis-focused venture capital firm Oxford Cannabinoid Technologies — which is backed by Casa Verde, the venture capital firm partially owned by Snoop Dogg — started trading today on the London Stock Exchange.

African nations including Malawi and Zimbabwe are looking to diversify their agricultural programs with cannabis as worldwide demand for tobacco diminishes.

Canadian cannabis company Flora Growth Corp., which cultivates medical cannabis in Colombia, started trading yesterday on the Nasdaq market.

Thailand’s Ichitan Group has released two cannabis-flavored drinks now available in convenience stores and vending machines throughout the country.

The Health Commission of Switzerland’s National Council voted 13-11 last week in favor of federally legalizing cannabis for all adults.

UK-based GW Pharmaceuticals — the manufacturer of Epidiolex, the first FDA-approved cannabis medication — was awarded the Queen’s Award for Enterprise 2021 in the Innovation category.

Phillip Morris, the maker of Marlboro cigarettes, is reportedly considering a smoke-free entrance to the cannabis space.

Mexico’s cannabis legalization bill could face new delays after top Senate lawmakers raised concerns about revisions made in the lower body.

Starting yesterday, the Canada Border Services Agency will issue monetary fines to travelers who fail to properly declare cannabis products when crossing the border.

France is launching a two-year medical cannabis experiment involving 3,000 registered patients.

The Faculty of Pain Medicine at the Australian and New Zealand College of Anesthetists is telling physicians not to recommend medical cannabis for chronic pain due to a lack of evidence.

The Canadian cannabis producer Canopy Growth is laying off 75 employees and announced it will close its Denmark-based operations.

Mexican lawmakers have approved a bill legalizing the production and sale of cannabis for adults, setting Mexico up to become the world’s largest legal cannabis marketplace.

Mexico’s President Andrés Manuel López Obrador said the country will thoroughly study the commercialization of opium poppies.

Curaleaf Holdings is set to acquire EMMAC Life Sciences Ltd., Europe’s largest vertically integrated cannabis company, for approximately $286 million.

Barbados Attorney General Dale Marshall is set to decriminalize the possession of up to 14 grams of cannabis but has warned that fines and penalties will be higher for people who lie to officials about their cannabis possession.

A recent BDSA report found that global cannabis sales reached nearly $21.3 billion last year.

Lawmakers in Morocco are set to legalize the production and use of medical cannabis products as soon as next week.

Former NBA player and coach Isiah Thomas has invested $3 million into One World Pharma, a licensed hemp and cannabis ingredient producer in Colombia.

The Chief Marketing Officer for British American Tobacco, the world’s second-largest tobacco company, said CBD is “an exciting growth area” for the company’s future.

Cann Group Limited in Australia said last week it lost $3.6 million when payments meant for an overseas contractor were, “received by an unknown third party as a result of a complex and sophisticated cyber fraud.”