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Switzerland Moves Forward On More Medical Cannabis Reform

The Swiss Parliament has approved an amendment to the Narcotics Act allowing doctors to prescribe cannabis without special permission and to set up a formal cannabis licensing infrastructure in the country.

Things are looking up for more patient access in Switzerland. Last week the Swiss parliament approved an amendment to the Narcotics Act which will allow doctors to prescribe cannabis more easily. At present, they must still report all cannabis treatments to the Federal Office of Public Health before writing prescriptions. Obviously, this makes the entire process much more burdensome for both doctors and patients.

The Council of States adopted the law last week. 

The bill also regulates the cultivation, production, and trading of medical cannabis.

What Does This Mean?

Switzerland so far has played a highly important role in the development of the overall discussion of cannabis reform. It is outside of the EU, even though it is in Europe. Beyond this, the country is also part of the so-called DACH trading partnership, between Switzerland, Austria, and Germany. This means fast entry into the bloc for cannabis and cannabis products – even though price is still going to be a consideration (generally everything is far more expensive in Switzerland in part because of the country’s existence outside of the EU trading alliance).

Domestically, however, what this means is that the Swiss are starting to increase access to medical cannabis via prescription as the country readies itself for a medical-recreational trial next year, to be run out of the nation’s pharmacies.

This means that all cannabis-related sales that are legit, even for adults without a prescription, are currently being channeled into the pharmacy system.

Impact on The Export-Import Discussion

What Switzerland is in effect doing is creating the first standard for the selling of both medical and recreational use cannabis that is pegged on GMP standards. This is an inevitable result in a world where the only high-percentage THC to cross borders so far (legally at least) has been GMP certified.

However, the implications are huge. While there is not enough GMP product in the room right now for the medical market, this will begin to change as more facilities now become funded and come online (particularly after Covid). What this means in effect, however, is that the Swiss are in the process of creating not only Europe’s first GMP standard market (for everything) but further will attract producers globally looking to sell products to both markets. As a result, this is likely to be a model adopted in newly legalizing states who are also looking at the continued failure of the Dutch project.

For an up-to-the-minute update on changing regulations and European markets, be sure to book your tickets now for the International Cannabis Business Conference’s return to in-person conferences!

Apply To Pitch To Cannabis Investors At The Emerge Virtual Cannabis Conference

Being an entrepreneur and pursuing your business dreams is a very exciting thing to do. Yes, it involves long hours and a lot of sacrifices, but for many people, the pursuit of business success on their own terms is well worth it.

That is especially true for entrepreneurs in the emerging cannabis industry. In addition to the standard thrill that comes with working to launch an idea or grow a small business, the cannabis industry adds an extra layer of excitement.

By most measures, the cannabis industry is still in its infancy, and the room for industry growth is substantial. 

The thought of getting in early in what is likely to eventually become one of the largest industries on earth is very appealing, which is why so many people are scrambling to get into the cannabis industry.

The cannabis industry involves a lot of moving parts and unique stresses, however, if you ask aspiring cannabis entrepreneurs what is the biggest issue they face, they almost always say the same thing – meeting investors.

Obtaining an investment at the right time for the right amount can literally be the difference between a cannabis company launching into the industry stratosphere or fizzling out.

For cannabis entrepreneurs that are looking for an investment (which is probably 99% of entrepreneurs), there’s a great opportunity to pitch your idea(s).

The Emerge Virtual Cannabis Conference is coming up March 30-April 1, and will feature a pitch contest. Emerge is partnering with cannabis business social network Leafwire and cannabis sustainability fund Regennabis to offer the pitch contest.

You can sign up online here, and also find out more about what the pitch contest involves, including important dates..

In addition to the pitch contest, the Emerge Virtual Cannabis Conference will feature a number of speakers and presentations, with the virtual event focusing on cultivation and sustainability.

The Emerge Conference is the cannabis industry’s only virtual reality event and is packed with unique offerings. For instance, virtual conference attendees get to create their own avatars and explore the conference’s dynamic and immersive virtual reality world.

The truly savvy attendees can (maybe) figure out a hack for a virtual smoke sesh on the platform! To find out more about the virtual event, it’s speakers, and agenda check out Emerge’s website.

Canada Wants To Know What You Think About Home Cultivation

Canada is an international leader when it comes to cannabis policy, and that was true prior to the country becoming the first G-7 nation to legalize cannabis for adult use.

Canada’s top court ruled that medical cannabis was a constitutional right back in 2000, and a year later lawmakers in Canada passed legislation implementing the ruling into public policy.

Since that time patients have been allowed to cultivate medical cannabis at home, however, Canada is now looking to tighten up medical cannabis home cultivation rules and has launched a ‘consultation on guidance on personal production of cannabis for medical purposes.’

The consultation, which can be found at this link here, opened on March 8th and goes through May 7th and is open to:

  • All interested Canadians, including Indigenous Peoples
  • Patients and patient associations
  • Provincial, territorial, and local governments
  • Cannabis industry licence holders and associations
  • Law enforcement and first responders and associations
  • Health care practitioners and health care practitioner regulatory bodies and associations

The goal of the consultation is to craft criteria that can be used for refusing or revoking a medical cannabis cultivation registration to help combat unregulated cannabis sales.

Canada has a robust legal framework in which people can cultivate cannabis and sell it legally, however, the unregulated market still exists post-legalization.

Rather than putting resources and effort into taking away the rights of patients to cultivate medical cannabis, Canada’s government should be dedicating those same resources to improving the current legal framework in a way that makes the regulated market more competitive with the unregulated market.

Canada’s lawmakers and industry regulators need to figure out how to create a business environment in which the price for cannabis flower and other cannabis products are closer to unregulated prices.

The main reason that consumers point to as to why they still purchase unregulated cannabis in Canada is that regulated cannabis costs too much. If legal options were more affordable, presumably more customers would make legal purchases instead of purchasing unregulated cannabis.

With that being said, the unregulated market for cannabis will always exist to some extent, just as it does for cigarettes and alcohol, which is a fact that seems to often be missed by lawmakers bent on clinging to failed prohibition policies.

Lawmakers In Mexico Advance Cannabis Legalization Measure

In late 2018 Mexico’s Supreme Court issued a ruling striking down cannabis prohibition. Mexico’s highest court (no pun intended) deemed Mexico’s cannabis prohibition policy to be unconstitutional.

Initially, Mexico’s Supreme Court gave lawmakers a one-year deadline to pass legislation to implement the Court’s decision. Unfortunately, that initial deadline was not met and lawmakers requested an extension, which the Court granted.

The second deadline could not be met due to the start of the coronavirus pandemic, and another extension was granted, this time with a deadline of the end of 2020.

With the pandemic failing to subside, yet another extension was granted, this time for April 2021. Unlike previous pushes for a legalization measure by lawmakers in Mexico, it appears that the third time could be the charm. Below is more information about it via a news release sent to us from our friends at NORML:

Lawmakers in Mexico’s lower chamber voted 316 to 129 on Wednesday in favor of amended legislation to legalize and license the adult-use marijuana market. Because House lawmakers made changes to the language of the bill, it must now go back to the Senate for reconsideration.

“We applaud lawmakers in Mexico for advancing a more just and sensible marijuana policy in their country,” commented NORML Executive Director Erik Altieri, “By legalizing the possession and personal cultivation of marijuana by adults, and regulating its commercial sale, our neighbors to the south are implementing marijuana laws that represent common sense, sound public policy, and popular opinion. Our own elected officials should learn from their Mexican counterparts, in addition to those governing our northern neighbor Canada, and finally end our failed federal prohibition of marijuana.”

Under the proposal, those ages 18 and older would be permitted to legally possess personal use quantities of cannabis (up to 28 grams). Home cultivation of up to six plants is also permitted. Corporate production and retail sales will be allowed under a commercial licensing scheme.

Medical cannabis production and distribution, which is already permitted on a limited basis, will continue to be regulated separately by Mexico’s health ministry.

In 2018, justices on Mexico’s Supreme Court struck down Mexico’s marijuana criminalization laws and ordered lawmakers to enact legislation regulating the plant’s production, sale, and use.

If approved, Mexico will join Canada and Uruguay as the only other countries to have formally adopted marijuana legalization nationwide.

Legalization Works As Demonstrated By US/Mexico Cannabis Seizure Data

The war on cannabis has always been a war on people. The harms of cannabis prohibition have caused havoc and suffering all over the globe, including in North America.

For many decades cannabis was completely prohibited in Canada, the United States, and Mexico. Cannabis is still prohibited at the federal level in the United States, and in Mexico it’s still prohibited for adult use, however, cannabis is legal nationwide in Canada now.

At the local level cannabis is legal for adult use in a growing list of states in the US despite federal prohibition. Virginia recently announced that it will legalize cannabis for adult use in the coming years, making it the 16th state to do so. Washington D.C. has also legalized cannabis for adult use.

All of that legalization is coupled with medical cannabis reform. Medical cannabis is now legal almost everywhere in North America in one form or another, from limited CBD laws all the way up to robust medical cannabis programs.

Reform victories have led to the creation of numerous legal cannabis markets throughout the North American continent, including in the United States where the demand for cannabis is tremendous.

One of the biggest selling points for cannabis legalization is that it transfers cannabis sales from an unregulated system that has a large organized crime and cartel presence to a regulated system that provides for the sale of tested, regulated, and taxed products, with taxes benefitting all of society.

There’s new data out regarding seizures of cannabis at the US/Mexico border, which is insightful given how much unregulated cannabis has been smuggled from Mexico into the US over the course of many decades.

As expected, border seizures have diminished with more consumers opting to shop within a regulated system, which is detailed in a news release below via our friends at NORML:

Marijuana seizures along the southern border have fallen over 80 percent since 2013, according to data published this week by the US Drug Enforcement Administration.

In the agency’s 2020 National Drug Threat Assessment publication, author’s write: “In US markets, Mexican marijuana has largely been supplanted by domestic-produced marijuana. In 2019, CBP [US Customs and Border Protection] seized nearly 249,000 kilograms of marijuana along the SWB [southwest border], a decline from over 287,000 kilograms in 2018. CBP marijuana seizures along the SWB have decreased more than 81 percent since 2013, when almost 1.3 million kilograms were seized.”

Marijuana seizures at the southern border reached an all-time high in 2009, when nearly four million pounds of cannabis were confiscated by federal agents.

Colorado and Washington became the first two states to legalize the commercial production of marijuana for adults in 2012. Thirteen additional US states have since passed similar laws.

Commenting on the sharp decrease in US demand for Mexican-produced cannabis, NORML’s Political Director Justin Strekal said: “This dramatic shift in the cannabis supply chain is a welcome development. As reformers predicted, when given the option, consumers choose their cannabis to be grown in America. States’ decisions to legally regulate cannabis has, as expected, led to a precipitous drop in demand for imported cannabis and has significantly disrupted the illicit cannabis trade in Mexico. These are important developments to emphasize as additional states continue to discuss replacing cannabis criminalization policies with those that seek to legalize and regulate the marijuana marketplace.”

The full text of the DEA’s 2020 National Drug Threat Assessment is available for download.

New Zealand’s Justice Minister: No Plans To Decriminalize Cannabis

Cannabis reform supporters across the globe had huge hopes in 2020 that New Zealand would legalize cannabis for adult use via a measure that was placed on the ballot by lawmakers.

Only two countries had legalized cannabis for adult use prior to the 2020 election in New Zealand (Uruguay and Canada), and with legalization stalling in Mexico, New Zealand was poised to become the third country to legalize.

Unfortunately, voters in New Zealand struck down the legalization measure, and cannabis prohibition remained in place. It was a lost opportunity for sure, but still a significant milestone with voters at least getting a chance to weigh in.

With legalization off the table in New Zealand for now, the focus amongst some activists shifted to decriminalizing cannabis, which does not seem to have the support of New Zealand’s government.

No Government Plans For Decriminalization

The bad news is that New Zealand’s Justice Minister Kris Faafoi made it clear that the government has no current plans to decriminalize cannabis right now.

However, the good news is that the Justice Minister also stated that his party would not oppose MPs voting for a decriminalization measure if it was part of a legislative measure.

With all of that being said, it’s not likely that a decriminalization measure will be introduced any time soon. It’s unlikely that a Labour Party member will introduce a bill because the party has made it clear that its position is ‘to respect the vote’ from 2020.

It is also unlikely that a Green Party member will introduce a decriminalization measure because the party clearly wants full legalization to happen as soon as possible, which is why it pushed the 2020 legalization measure.

Support For Decriminalization Is Significant

A poll was recently conducted by Labour Party pollster UMR for the Helen Clark Foundation. The poll found that 49% of respondents supported adult-use cannabis legalization, which is similar to other polls released prior to the 2020 legalization vote.

While 49% is obviously not a majority, let alone a super-majority, when the support for legalization is combined with decriminalization the number jumps to 69%.

A cannabis decriminalization referendum is not politically viable from a political will standpoint for whatever reason, however, a decriminalization measure is clearly popular among constituents and that’s something that lawmakers in New Zealand need to take note of.

Legalization will always be better than decriminalization, but decriminalization will always be better than criminalization. Currently possessing a personal amount of cannabis carries a potential fine of $500 and up to 3 months in jail in New Zealand.

The Global Investment Forum Is Coming To Austin, Texas May 6-7

The International Cannabis Business Conference is hosting The Global Investment Forum May 6-7, 2021 in Austin, Texas. The Austin event is the first in a series of three in-person Global Investment Forums for 2021, along with Berlin and Zurich.     

The Global Investment Forum series showcases and facilitates alliances, partnerships, and joint ventures with a milieu of investors, start-up executives, service providers, and entrepreneurs.  

The Global Investment Forum is Texas’ first cannabis investment event of its kind and is limited to 250 attendees. Starting off with the cannabis and finance industry’s top speakers and thought leaders, the event then leads into the company pitch portion of the event allowing companies to gain blanketed exposure to the International Cannabis Business Conference’s comprehensive network of investors, beginning with an initial quick pitch by company representatives on the main stage, followed by a two-hour session of face-to-face pitches, leading into a standing lunch. The pitches are followed by speed table networking and an open bar.

Jessica Billingsley will provide the keynote address at the Global Investment Forum. Billingsley serves as Akerna’s Chief Executive Officer. In June 2019 she became the first CEO of a cannabis ancillary company to be listed on Nasdaq. She co-founded MJ Freeway in 2010, where she served as President until April 2018, and later as the CEO until MJ Freeway was acquired by MTech to form Akerna. In 2015, she was named as one of Fortune’s Most Promising Female Entrepreneurs, in 2018, she was named one of Inc. Magazine’s 100 Female Founders, and in 2019, she was named to Entrepreneur’s inaugural list of 100 Powerful Women.

Other speakers of note include:

  • Four-time NBA Champion John Salley
  • Codie Sanchez, Managing Director and Partner at Entourage Effect Capita
  • Matt Nordgren, CEO and Founder of ARCADIAN Fund and ARCADIAN Capital Management
  • Nic Easley, CEO of Multiverse Capital
  • Jamie Pearson, CEO of Bhang

Click here for a full list of speakers

Schedule:

  • May 6th – VIP Welcome Reception from 7pm to 9pm
  • May 7th – Global Investment Forum
  • May 7th – After-party w/DJ Muggs of Cypress Hill sponsored by Bhang

The Global Investment Forum will take place at the amazing Lakeway Resort and Spa Conference Center in Austin, Texas. Lakeway Resort and Spa offers lakeside rooms, luxurious spa services, marina access to Lake Travis, and endless on-site activities making it the perfect venue for attendees to be able to both work hard all day and relax in the off-hours of the event.

Texas’ legal cannabis industry is still in its infancy, and the cannabis industry profit potential in Texas and beyond is astronomical. You do not want to pass up this unique opportunity. A limited number of tickets and sponsorships are still available for the Global Investment Forum Austin event, however, they will go quickly so make sure to complete your purchase as soon as possible.

Early bird pricing ends April 14th and prospective attendees are encouraged to take advantage of the discounted rate before early bird pricing expires. Get your tickets today!

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About the International Cannabis Business Conference

International Cannabis Business Conference events are the premier cannabis events for entrepreneurs across the planet. With events in Canada, the United States, Switzerland, Spain, and Germany the International Cannabis Business Conference is where the world meets cannabis. Find out more at InternationalCBC.com and on LinkedIn, Twitter, Facebook, YouTube, and Instagram.

For more information or media inquiries, please email noelle@internationalcbc.com or call 541.864.0090.

Basque Region Cannabis Clubs Throw Down Gauntlet To Reopen

After being devastated by Pandemic shutdowns, clubs in the Basque region of Spain petition their government to let them reopen for business.

Basque region cannabis clubs have now petitioned their government to let them begin to plan for re-opening. The Federation of Cannabis User Associations of the Basque country or Eusfac, will meet with the state government this week to petition them to adopt “less restrictive measures in relation to the activity of the cannabis clubs.”

The situation in Spain over the operations of the clubs has been one of the most fraught in Europe, especially now with both a lawsuit pending about constitutional rights access at the European Court of Human Rights in Strasbourg and COVID-19. The Pandemic has severely strained if not shut down operations all over Spain. Clubs have not allowed to open at all and those that do, certainly do not function in the same way. Obtaining product has also been difficult.

The upshot? More people, starting with patients, but including recreational users, have been forced into the black market. While there is still no federal or even state-level regulation of the entire club vertical (akin to dispensaries in the United States), a semi-regulated industry has established itself in the country over the last decade. Most of the clubs were established in Barcelona, but there are similar entities all over the country at this point.

And many are starting to take a stand on formalizing their right to exist – at a formal level – in Spain.

Essential Operations?

In some ways, the situation in Spain is roughly analogous to the situation that led voters in two U.S. states in 2012, to vote for state control of their own cannabis industries. This has been especially true as Barcelona has become the de facto cannabis club centre of the country. However other regions have taken note, especially as the organizers of the entire movement have been prosecuted. Albert Tió currently sits in jail for his role in the same.

During the Pandemic, however, it became very clear that the situation if not the status of the clubs was no-where close to their state equivalents in the U.S. Most were instantly shut down. Many were eventually allowed to re-open, but according to one report, most have reported losing up to 60% of their membership. Curfews have also made an impact. And Covid restrictions, like mask-wearing and social distancing, have effectively killed the social aspect of the clubs.

Regardless, many of the clubs have managed to stay open somehow, despite a rise in crime targeted both at the clubs and those who frequent them. Some report that members are spending more money in the clubs than before. There is a gritty resolve here, gained by facing down authorities and the multiple obstacles required to operate such establishments. A mere Pandemic will not make that go away. 

Be sure to book your tickets now for the return of the International Cannabis Business Conference to Berlin in July 2021!

Should Free Cannabis Be Distributed In British Prisons?

All sorts of people are lining up to support an idea proposed by a Welsh police commissioner to give free cannabis to the incarcerated.

Arfon Jones, the police and crime commissioner for North Wales, has a radical idea. He believes that free cannabis should be distributed to British prisoners – and for several reasons.

The first is to target prisoners who are taking other kinds of drugs illicitly as well as those prescribed by the prison system. The second is to lower violence.

Jones, along with others directly involved in the welfare of prisoners is raising this idea in part because of the prevalence of other, more dangerous, and highly addictive if not deadly drugs taken routinely by those behind bars. This includes drugs prisoners are prescribed as well as illicit ones smuggled into prisons. 

Generally, Jones also falls into the camp of those who wish the drug to be regulated to remove organized crime from the equation. He is also a supporter of home-grow for limited personal use. But he is far from the only member of the police who sees a need for a formal policy about cannabis – both in and outside of lockup.

In 2019, an inquest into drug smuggling into a single British prison – HMP Berwyn – found that organized efforts to stop the same by authorities and prison staff had systematically failed after a 22-year-old inmate died in his cell from ingesting Spice. About 13% of male British prisoners have reported becoming addicted to illegal drugs while in prison.

Opioids are obviously a concern, but so is Spice – a so-called “cannabis substitute.” Spice is in fact made from a chemical, synthetic cannabinoid, but its effects can be deadly.

According to Professor David Nutt, former UK government drugs advisor and currently working in the industry, this is a great idea. Indeed, he is considering a study to see whether cannabis could reduce drug dependence by the incarcerated

Do No Harm

While political arguments on both sides of the aisle (from both Labour and Tory ministers) have also skewed to the prohibition side of the equation, there is a growing interest in this discussion from a public health perspective.

Indeed, as medical cannabis becomes more accepted as medicine, its role in helping to treat those who struggle with other kinds of dependency, from other drugs to alcohol, will become far more standard. 

Where better to test this idea than prisoners?

Be sure to book your seats at the International Cannabis Business Conference when it returns to Germany in July 2021.