Greece Moves Toward
Legalizing Grows
Their Government has said the growing interest from investors could attract $1.85 billion worth of investments over three years from production and processing domestically, helping their country’s economy grow as well.
Legal Weed in Barbados
Passes Important Hurdle
The Senate in Barbados passed the Medicianl Cannabis Industry Bill on Nov. 27, just two short weeks after earning approval in the House. The law gives the power to govern processing, dispensing and export, and anything related to cultivation, to the Medical Cannabis Licensing Industry. This newly created authority will also set rules for patients and license holders, and includes things like requiring they be citizens of Barbados, permanent residents, hold immigrant status, or be a citizen of a Caribbean Community (CARICOM) member state.
Of interesting note was the concurrent passage of the Sacramental Cannabis Bill, which makes legal the cultivation and consumption of marijuana for any individual whom adheres to the Rastafarian religion. Both bills were signed by the governor general of Barbados, Dame Sandra Mason.
Israeli Companies Agree On
Six Ton Marijuana Deal
Two Israeli businesses have recently arranged a deal involving six tons of medical marijuana. Univo, owners of an IMC-GMP (International Medical Cannabis and Good Manufacturing Practices) medical cannabis processing facility, and is building a cannabis cultivation farm, has agreed to supply Shor Tabachnik Pharmacy for three years, at two tons a year. Revenue from the deal is projected at over ILS 60 million over the next three years.“The agreement with Shor Tabachnik, which takes immediate effect, realizes Univo’s strategy to strengthen our presence in the market and expand our distribution chain, whether through agreements with pharmacies or though the acquisition of a pharmacy which we reported this week. Univo is currently operating independently of other entities, and until cultivation begins at Amit Farm, we are buying raw materials from existing farms. The company has already begun production and sale of medical cannabis products under the new regulation,” boasted Golan Bitton, CEO of Univo. This move places Univo as the only company in Isreal that holds full control throughout the value chain.
Brazil Says No to Domestic
Cultivation, Yes to Imports
Brazil’s National Sanitary Surveillance Agency (ANVISA) announced new rules for medical marijuana, with some surprising twists. Domestic Cultivation is completely banned, as well as flower, and use of the word ‘medical’ or any equivalent Every Cannabis product must now require a special prescription, and doctors are, by law, to be reluctant to prescribe cannabis. Also included in these new regulations are strict Good Manufacturing Practices (GMP) requirements, and a mandate that any THC products over 0.2% be authorized only for terminal and “last resort” patients.
What is allowed is the import and distribution of clinically untested cannabis products. Speculators agree that this could set Brazil up to become the largest importer of medical marijuana products in the world.
Not yet publicly available, the new rules will be printed in the nation’s official Gazette, taking effect 90 days later. Critics argue the laws cater directly to the commercial market, and not to the desires of the people.
Ireland Approves Imports
from Canadian Company
Aurora, one of Canada’s major marijuana companies, has announced it has secured approval to import it’s cannabis oil prodcuts into Ireland. The Irish Minister of Health has officially added their High CBD Oil Drops to a regulatory schedule allowing them to be prescribed and supplied in Ireland, making it one of only two products to achieve this status.Ireland signed the Medical Cannabis Access Programme into law in June of 2019. The law facilitiates access to cannabis-based medicine for a specific list of ailments; spasticity associated with multiple sclerosis, intractable nausea and vomiting associated with chemotherapy, and severe refractory (treatment-resistant) epilepsy.
Australian Researchers
Make Known Discovery
Aurora, one of Canada’s major marijuana companies, has announced it has secured approval to import it’s cannabis oil prodcuts into Ireland. The Irish Minister of Health has officially added their High CBD Oil Drops to a regulatory schedule allowing them to be prescribed and supplied in Ireland, making it one of only two products to achieve this status.Ireland signed the Medical Cannabis Access Programme into law in June of 2019. The law facilitiates access to cannabis-based medicine for a specific list of ailments; spasticity associated with multiple sclerosis, intractable nausea and vomiting associated with chemotherapy, and severe refractory (treatment-resistant) epilepsy.
