Police Boss Turned Cannabis Reform Advocate, MMJ Legalization In Japan And More Global Updates
Portfolio Pulse from Jelena Martinovic
Japanese policymakers approved a bill to legalize medical cannabis products like Epidiolex, owned by Jazz Pharmaceuticals (JAZZ), while maintaining strict restrictions on other marijuana uses. New York-based The CURE BRAND announced a partnership to introduce CBD products in Japan. South Africa's National Assembly passed a Cannabis Bill for private cultivation. In Australia, the AMA opposes a bill to legalize recreational cannabis, while a former police boss advocates for policy reform. Health Canada is urged to raise THC caps in edibles. Thailand seeks stricter cannabis rules.
November 16, 2023 | 3:11 pm
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Jazz Pharmaceuticals' Epidiolex is set to benefit from Japan's legalization of medical cannabis products, potentially expanding its market.
The legalization of medical cannabis products in Japan, specifically Epidiolex, directly impacts Jazz Pharmaceuticals as it could lead to increased sales and market expansion in a new region. The news is likely to be viewed positively by investors, potentially leading to a short-term uptick in JAZZ's stock price.
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