World

How Mexico's Legal Cannabis Market Impacts Domestic And International Markets

Mexico appears set on finally passing federal legislation after a series of delays.

Per federal law and five Supreme Court rulings in its favor, Mexican lawmakers were required to amend cannabis regulations. But it missed deadlines in October 2019 and April 2020. The Senate's failure to reach a consensus and the suspension of operations during the pandemic served as primary delays.

Wildfires Have Devastated the West Coast Cannabis Industry

 

The cannabis industry has been hit hard by wildfires raging up and down the West Coast.

It’s wildfire season in the U.S. and cannabis companies up and down the West Coast are feeling the impact. From burned farms and property to potentially contaminated crops from prolonged exposure to smoke, heat, and fire retardant, cannabis businesses in California and Oregon are bracing for yet another difficult fall.

Pakistan Approves Government-Controlled Hemp Plan

Pakistan has approved a government-controlled hemp production plan that will allow hemp farming for industrial and medical purposes.

Pakistan has approved the legalization of hemp for industrial and medical purposes, the Hindustan Times reports. In a tweet, Science and Technology Minister Fawad Chaudhry called the reforms a “landmark decision” which will “place Pakistan in the billions of USD CBD market.”

3 Years Into Medical Cannabis, Colombia Looks To Legalize Adult-Use

It’s been three years since Colombia issued Decree 613, regulating cannabis for medical and scientific use across the country. The program has been generally considered successful, and has helped establish a cannabis industry that is leading the region in terms of regulatory development, production capacity and attraction of foreign capital. 

Now, a group of lawmakers is pushing for the next step: the legalization of adult-use cannabis in Colombian soil.

International groups re-affirm hemp exempt from global drug rules

International stakeholder groups, led by the European Industrial Hemp Association (EIHA), have re-affirmed that the hemp plant and its downstream products are not subject to international drug rules while also urging that the maximum THC level to distinguish hemp from marijuana be raised to a full 1.0%.

Cannabis Markets Outside of North America to Keep an Eye On

Canada and the U.S. currently generate a majority of the cannabis industry’s revenue. While both countries are significant factors as the market matures, other nations will take up a share as well.

For example, Mexico, New Zealand and several other countries are considering adult use legalization, and could assume their place in the global market.

Several cannabis industry experts told Benzinga that several regions and nations are already ones to keep an eye on when tracking the global marijuana growth.

Warsaw Zoo Testing If CBD Can Treat Depression In Elephants

Zookeepers at Poland’s Warsaw Zoo have announced a new project testing whether CBD oil can help to reduce symptoms of anxiety and depression in elephants.

Zookeepers at Poland’s Warsaw Zoo are launching a project to test whether CBD oil can help reduce anxiety in animals, the BBC reports. Fredzia, a female elephant who is grieving following the loss of the herd elder, will be the first animal to receive the treatment.

Australian researchers studying hemp nutrition for animal feed

Researchers in the Australian state of Tasmania are studying the nutritional value of hemp for animal feed as they look to expand opportunities for farmers.

A team from the Tasmanian Institute of Agriculture (TIA) has embarked on a two-year project to explore industrial hemp exclusively as a forage crop for sheep or as a dual-purpose crop – for both grazing and seed production.