World
Malta Becomes First EU Country to Legalize Adult-Use Recreational Cannabis
VALETTA–Malta's parliament approved the legalization of cannabis and cannabis cultivation for personal adult-use or, as it's called in America, 'recreational' cannabis- a first in Europe, although other countries tolerate cannabis use. Malta's move comes weeks after Luxembourg announced similar proposals. Germany's new government also plans to legalize the recreational use of cannabis. Malta is usually ...
UAE Softens Drug Laws For Travelers With THC-based products
DUBAI— The United Arab Emirates has relaxed penalties for travelers who arrive in the country with THC-based products, the main intoxicant in cannabis. Famous for their harsh drug laws, the new law announced Sunday, says people caught carrying food, drinks and other items with cannabis (THC-based products) into the country will no longer land in ...
Germany Will Legalize Adult-Use Recreational Cannabis
BERLIN– Germany's incoming coalition government agreed to legalize cannabis as their new coalition government continue to hash out their plans for forming the new German government. The coalition partners plan to keep cannabis tightly regulated, but this paves the way for the development of wealthy Germany into the largest, single commercial market for adult-use cannabis ...
Awakn Life Sciences Signs Agreement with UK Health Service for Access to Psychedelic-Assisted Psychotherapy in the UK
TORONTO– Awakn Life Sciences Corp. (NEO: AWKN) (OTCQB: AWKNF) (FSE: 954), a biotechnology company developing and delivering psychedelic therapeutics to treat Addiction, announced today it has signed a Memorandum of Understanding with Devon Partnership NHS Trust (DPT) and University of Exeter. The partnership establishes a framework and strategic relationship to assess NHS organizational readiness for ...
Reuters: Cannabis Could Bring Germany $5 Billion Per Year in New Revenues
BERLIN– Legalizing weed in Deutschland could help Germany create new annual tax revenues of 4.7 billion euros ($5.34 billion). Further, cannabis is forecast to account for 27,000 new jobs in Germany according to a new research report just published today. The research, according to Reuters, was conducted by the Institute for Competition Economics (DICE) at ...
Malaysia To Allow Import And Use Of Cannabis For Medicinal Purposes
KUALA LUMPUR– Malaysia will allow the import and use of cannabis for medicinal purposes if the products comply with government regulations, Bloomberg reports, citing Health Minister Khairy Jamaluddin. Medical cannabis for medical treatments will require a prescription and by a registered medical practitioner or licensed pharmacist, Khairy said in a written response to parliamentary questions ...
First-Of-Its-Kind Research Planned In Australia On How Psilocybin Treats Anxiety
SYDNEY–Australian researchers plan the world's first study into whether magic mushrooms can help treat general anxiety. They plan to recruit participants with general anxiety disorder sometime next year. Incannex Healthcare will work with Monash University Human Research Ethics Committee to launch their second-phase clinical trial. They plan to test the medicine in conjunction with pre ...
HCN Investigates: 7 Reasons Why Cannabis Is Flourishing in Israel
TEL AVIV - Highly Capitalized investigates the rise of cannabis in Israel. Israel has been a center of research and development for cannabis since the 1960's. Although, like every other country including the USA, Israel banned the recreational use of cannabis. But, unlike other countries, they continued permitting research into the plant by their university ...
Luxembourg Becomes First Country in Europe to Legalize Adult-Use Cannabis
LUXEMBOURG CITY– The tiny country of Luxembourg is set to become the first European nation to legalize the growing and use of cannabis, the government announced in a statement on Friday. The new initiative allows for adults recreational consumption of cannabis. All over 18's in Luxembourg will be allowed to use cannabis, and to grow up ...
Switzerland To Legalize Recreational And Medical Cannabis Usage
ZURICH– The Swiss government proposed this week to allow prescriptions for cannabis to treat people suffering from cancer or other serious conditions. Cultivation, trade and consumption of cannabis will no longer be banned in Switzerland following the conclusions of a Swiss government health panel. The panel evaluation cannabis said the laws should be changed, Swiss ...
Innocan Pharma Corporation Closes C$8.2 Million Private Placement with Institutional Investors
HERZLIY, Israel – Innocan Pharma Corporation (CSE: INNO) (FSE: IP4) (OTCQB: INNPF) announced that it has closed its previously announced private placement of the Company's common shares and warrants to purchase common shares to institutional investors for aggregate gross proceeds to the Company of C$8 million. "Innocan Pharma is growing," said CEO Iris Bincovich. "This ...
Snoop’s VC Casa Verde Targets Booming European Cannabis Industry
LISBON–US rap artist Snoop Dogg is the co-founder of Casa Verde, a vulture capital (VC) fund based in Los Angeles that focuses on the cannabis industry. He's now turning his attention to Europe. Casa Verde announced on Tuesday it was investing $15 million (€13 million) into Portugal’s medical cannabis firm AceCann. It is the US ...
High Tide Enters U.K. Market Through Acquisition of Blessed CBD
CALGARY–High Tide Inc. (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a retail-focused cannabis company manufacturing consumption accessories, is pleased to announce that it is taking another step towards solidifying itself as a major player within the global e-commerce marketplace for hemp-derived CBD products, by entering into a definitive agreement, pursuant to which High Tide will acquire ...
Kaival Brands to Launch UK Market
GRANT, Fla. - Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL), the global distributor of products manufactured by Bidi Vapor, LLC, announced its plan to launch distribution of its products in the United Kingdom. Following the U.S. Food and Drug Administration's decision to deny marketing authorization for flavored electronic nicotine delivery systems, which Bidi Vapor is ...
Cantourage Partners with FarmaGrowers to Bring First South African Medical Cannabis to Germany
BERLIN - European medical cannabis Cantourage and South Africa-based farming enterprise FarmaGrowers have confirmed an agreement to supply South African medical cannabis dried flower products to German pharmacies. The agreement means that Germany's growing number of currently more than 128,0001 patients will now have access to South African medical cannabis dried flower products for the ...
Jamaican Cannabis Launching for German Medical Cannabis Patients
BERLIN - European cannabis company Cantourage and Australian-based operator Cannim are now deepening their partnership with the introduction of an innovative new Jamaican cannabis strain to Germany pharmacies. The launch of HummingBud follows just four weeks after that of Lumir, the first Jamaican medical cannabis flower product to be made available in Germany. Cantourage has ...
Italy Decriminalizes Recreational Cannabis & Permits Home Grows
ROME–Italy has suddenly been thrust into the forefront of the nascent European cannabis industry with a vote in parliament which legalized home-grow cannabis following a vote from their lower parliamentary house, similar to the US Congress. The Italian reform decriminalizes growing up to four cannabis plants for personal use. Italy now one of first European ...
France Medical Cannabis Patient Program Gets Underway
EDMONTON, AB– Aurora Germany GmbH, a subsidiary of Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, and Ethypharm, have successfully delivered their initial shipment of cannabis to the French medical cannabis pilot program, set to begin serving patients in the coming weeks. Aurora and Ethypharm were selected by ...
The Green Organic Dutchman Completes First International Cannabis Shipment
TORONTO -- The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US-OTC: TGODF), a producer of premium certified organically grown cannabis, announced it completed its first international commercial shipment consisting of cannabis flower and other extracts destined for the South African medical cannabis market. TGOD's cannabis flower is reported to be the first to be distributed ...
Russian Investor Andrey Blokh Acquires 723,000 Voting Shares of Curaleaf
MOSCOW–Mr. Andrey Blokh announced he acquired 722,577 subordinate voting shares of Curaleaf Holdings Inc. representing approximately 0.12% of the presently issued and outstanding Subordinate Voting Shares of the Company. The 722,577 Subordinate Voting Shares were acquired in the context of transactions entered into among Mr. Blokh, the Company and an indirect subsidiary of the Company, ...
ALT Cannabis Announce Agreement with Grow Group for Expansion into European Medical Cannabis Markets
LOS ANGELES–Pioneering liquid cannabis company ALT (Advanced Liquid Technology), announced it has entered into an agreement with Grow (Grow Group Plc) to market and distribute ALT’s proprietary, fast-acting, liquid medical cannabis products across Europe. ALT uses emulsion technology to create unique flavor neutral, zero calorie, sugar-free, vegan, keto, and paleo friendly water-compatible medical cannabis products ...
GW Pharma Receives Approval for Epidoylex (CBD) from the U.K. Government for the Treatment of Seizures Called Tuberous Sclerosis Complex
LONDON–GW Pharmaceuticals, involved in discovering, developing and delivering regulatory approved cannabis-based medicines and now part of Jazz Pharmaceuticals plc (NASDAQ: JAZZ), today announces that the UK Medicines and Healthcare Products Regulatory Agency (MHRA) has approved a new indication for GW's cannabidiol as an adjunctive treatment of seizures associated with tuberous sclerosis complex, for patients two ...
Curaleaf International Launches Second Medical Cannabis Flower Product for UK Market
LONDON–Curaleaf International (formerly EMMAC Life Sciences Group), Europe’s largest vertically integrated cannabis company, is pleased to announce the launch of its second range of medical cannabis flower products for the UK market. The new products are being manufactured in the UK and will be an extension to Curaleaf International’s existing range of medical cannabis flower ...
PharmaCielo Welcomes Colombian Government’s New Cannabis Decree
TORONTO and RIONEGRO, Colombia– PharmaCielo Ltd. (TSXV: PCLO) (OTCQX: PCLOF), the Canadian parent of Colombia's premier cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., congratulates the Colombian Government and President Duque for signing the new set of legislation. The Decree aims to make the country's legal cannabis industry more competitive on a ...
Kanabo Signs Agreement to Acquire Materia and Create Europe’s Largest Public Cannabis Company
LONDON–Kanabo Group Plc (LSE:KNB), the first medical cannabis company to IPO on London Stock Exchange, has signed a Letter of Intent to acquire Materia, a leading processor and distributor of medical cannabis and CBD wellness products across Europe. Kanabo’s Board of Directors has been actively exploring new partnerships and opportunities to accelerate Kanabo’s growth and ...
