Global Marijuana Updates: Italy Removes Ban On CBD Sales, Tasmanian Hemp Crops Destroyed & More
Portfolio Pulse from Nina Zdinjak
Italy's Lazio Regional Court has suspended a decree prohibiting the sale of cannabinoid-based products for oral use or ingestion. In Canada, the cannabis 'strategy table' has selected Hugo Alves, CEO of Auxly Cannabis Group (OTCQB:CBWTF), as its chair. The group aims to improve the government's understanding of the cannabis sector's economic situation. In Australia, medical marijuana approvals have increased by over 120% in H1 2023 compared to the same period in 2022. A draft bill in Tasmania proposes the destruction of crops exceeding the 1.0% THC limit.
October 10, 2023 | 12:54 pm
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Hugo Alves, CEO of Auxly Cannabis Group, has been selected as the chair of Canada's cannabis 'strategy table'. This could potentially increase the company's influence in shaping the country's cannabis policies.
The selection of Hugo Alves, CEO of Auxly Cannabis Group, as the chair of Canada's cannabis 'strategy table' could potentially increase the company's influence in shaping the country's cannabis policies. This could lead to favorable conditions for the company, potentially boosting its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80