Cronos sells 45% stake to Altria for $1.8 billion, Luxembourg details their plan for residential recreational cannabis, Colombia is seeing an influx of Canadian cannabis investment and changes to New Zealand’s medical cannabis bill offers amnesty for local growers.
South Korea becomes the first East Asian country to legalise medical cannabis, while Luxembourg’s new government says it will legalise adult-use cannabis. Antigua and Barbuda are legalising cannabis for medical and relgiious purposes, while Australia and New Zealand’s legislatures are both considering cannabis bills.
Greece has issued its first two medical cannabis licences, and the recreational cannabis bill Mexico’s incoming interior minister introduced looks set to move forward without opposition. Thailand is looking increasingly likely to become the first Asian country to legalise medical cannabis, while cannabis reform around the world is allowing for more and and more scientific research on the plant.
While Germany further delays their decision on cultivation tenders, LGC Capital make plans to acquire 47% of EasyJoint, an Italian cannabis light company. While the Dominican government holds a national consultation on cannabis, MGC Pharma finalises the sale of its cannabis cosmetics company to CannaGlobal.
While Jersey votes to increase patient access to medical cannabis, many UK patients are finding getting a prescription just as difficult as before the law change. Meanwhile, more and more signs point to an imminent recreational legalisation in Mexico, New Zealand’s health ministry has awarded a licence to grow, and cannabis is a big winner in the US midterms.
The Green Organic Dutchman acquires Polish CBD company HemPoland for €30 million, while British beverage giant Diageo explores investment options in the cannabis space. Meanwhile European Parliament prepares a motion for a resolution on medical cannabis, and a New study examines the role cannabis plays in treating Parkinson's and Alzheimer's.
Maricann completes first shipment of cannabis flower into Germany, while elsewhere Aurora ships mother plants into Denmark to begin cultivation for Aurora Nordic. Meanwhile, the UN begins its first formal review into cannabis scheduling in international law, and dispensary chain MedMen launch a €3.5 million ad campaign.
Germany is experiencing a ‘blistering’ rate of growth as Together signs a €10 million export deal. In a historic development, UK doctors will be able to prescribe medical cannabis by Autumn 2018 and Swiss politicians for cannabis pilot projects. Meanwhile, we have launched the European Country Panel, connecting Europe’s most influential players in the European cannabis industry.