Navigating Shifting Tides in the Global Market — November 2024 Brief

Welcome to November’s cannabis brief.

This month, we highlight growth in certain U.S. markets amid shifting user demographics, and the expanding cannabis sectors in Australia, Germany, Brazil, and other jurisdictions.

We also cover the internal struggle over tariffs in Israel, the agreement to make the Danish medical cannabis scheme permanent, favourable court decisions in Brazil, and South Africa’s cannabis regulation plans for 2025.

As always, we’ve curated a selection of global news and market trends to help you keep the pulse of the market. Key figures from the international cannabis markets last month included:

  • In the US, cannabis sales reached $2.8 billion in October, poised for $33 billion in the full year.
  • Germany‘s cannabis imports north of 40 tonnes through Q3—double the 2023 amount.
  • Australian medical cannabis sales hit A$402M in H1—on track to exceed A$1B ($640M) this year.
  • Brazil sees 670,000 patients accessing medicinal CBD—market worth R$853M ($140M).
  • Israel plans tariffs of up to 175% on Canadian imports, but Health Ministry disagrees.
  • In France, 1,800 medical patients face potential treatment discontinuation.
 

Do not hesitate to reach us at info@cannamonitor.com with any suggestions.

Table of Contents

Article:

High-Potency Flower in the UK

The THC Rush in the UK Medicinal Cannabis Market

The UK medical cannabis market is shifting towards high-THC flower, with 79% of prescriptions in 2023 for flower, 93% of which are THC-dominant. As demand for potent cannabis grows, especially among younger patients, questions arise about market focus, regulatory challenges, and future product diversity. What’s next for the UK cannabis market? Read on to find out.
🏛️
Regulation

Key Trump appointees in favour of cannabis; CDU vows to backtrack German legalisation but will need coalition partners after February snap election; Israel‘s investigation recommends 2-175% tariff on Canada despite Health Ministry opposition; Australia faces increased oversight as industry works to improve public image; Brazilian court issues first commercial cultivation permit; French medical program faces possible closure due to budget issues; South Africa prepares 2025 regulations amid grey market explosion; Denmark makes medical cannabis program permanent.

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Market

Missouri, New York, and Ohio drive growth in $33 billion US market, while California sees dip in licensed sales despite successful harvest. German imports double, reach over 40 tonnes infirst 9 months this year. Quebec to introduce vapes next year. Australia is projected to exceed A$1 billion in sales this year. Brazil now has over 672,000 patients accessing cannabis. Clinics drive growth in the UK, while Israel‘s market shrinks. Poland transitions to in-person patient consultations. New Zealand producers eye global opportunities.

🔬
Science

FDA grants clearance for clinical trial on smoked cannabis as PTSD treatment in veterans.

 Infographic of the Month:

Medicinal Market in NZ

🇺🇸 United States: Trump’s Potential Support for Legalisation, Record $33B in 2024 Sales Expected, and Evolving Consumer Demographics

🏛️ Trump may continue Biden’s cannabis policies, supporting legalisation and research, while prioritising public safety and respect for state regulations, focusing on opiates epidemic. Some believe Trump’s evolving stance on cannabis reform raises hopes for legalisation during presidency.


💼 Retail cannabis sales in the U.S. reached $2.8 billion in October, marking a new record for the month: projections of $33 billion this year, $55 billion by 2030 with 5,000 new dispensaries.


🔬 MAPS secured FDA clearance for smoked cannabis PTSD trial, MJP2, after three years of negotiation, involving 320 Veterans across three states.

 
🇩🇪 Germany: Christian Democrats Vow to Backtrack Cannabis Legalisation as Elections Loom, but Coalitions are Likely

🏛 The call for a snap election next February has prompted the CDU to strengthen its anti-cannabis position: however fully reversing course on legalisation seems difficult, as despite their likely win, christian-democrats stand to need the parliamentary support of current coalition member parties.

 

💼 Some 40 tonnes of medical cannabis have been imported this year so far, 20.1 tonnes in Q3 2024, nearly doubling from Q2—market on track to import over 60 tonnes this year.

 

🔬 A study in 18 countries found that COVID-19 increased cannabis use among regular users, with 28.2% reporting higher consumption during the pandemic.


🇨🇦 Canada: Companies Report Double-Digit Revenue Increases and Launch Pre-Rolls, Small Oral Solid Dosage Forms

🏛️ In the aftermath of the proposal of up to 175% tariffs by Israel on Canadian imports, Canadian Cannabis Council questions allegations and the methodology; while Global Affairs Canada reviews Israel’s findings for WTO compliance—however, Israel not likely to impose them just yet.

 

💼 Quebec State-owned retailer achieved net revenue of $29.4 million in Q2 2024-2025, up 15% from the previous year, with sales of $173.7 million, 35 tonnes of cannabis sold, and 2 new stores.

Financial results announced this quarter include:

  • Village Farms reported 20% sales growth, driven by Canadian Cannabis and International Medicinal Cannabis sales increases, as cultivation commenced in the Netherlands.
  • Cronos Q3 2024 net revenue increased by 38% year-over-year to $34.3 million, asSpinach® became Canada’s top-selling cannabis brand.
  • Rubicon Organics reported net revenue of $13.5 million for Q3 2024, a 34% increase year-over-year, with successful launch of vape products achieving 55% distribution in six months.
  • Ayurcann reported record sales growth of $14,760,268 in Q1 2025, a 25% increase from last year with gross margins of 38%, and adjusted EBITDA of $290,505.
  • MediPharm Labs reports Q3 2024 net revenue of $9.8M, a 15% increase from Q3 2023, driven by international sales growth, through the launch of 11 new products in Q3 2024.
  • Avicanna Q3 2024 revenue reached $6.3 million, a 75% increase in nine-month revenue compared to 2023, selling 45,126 units in Q3, a 42% increase from the same period in 2023.
  • Simply Solventless reports nearly $5 million net revenue for Q3 2024, a 75% yoy increase, with gross profits of almost $2 million increasing 72%, after completing acquisition of CannMart.

Operational updates and product launches announced this quarter include:

 

🔬 Australia’s Biortica Agrimed collaborates with Université Laval to enhance cannabis genetics using multi-omics and AI until 2029.

 
🇦🇺 Australia: Increased Regulatory Scrutiny as Medical Cannabis Sales Poised to Surpass A$1 Billion in 2024.

🏛️ Psychiatrists ask TGA for cannabis to be removed from SAS Scheme and for THC limits to be imposed following high prescribing rates in Queensland.

 

💼 Australian market growth highlighted in new report by Penington Institute: 2.9 million units, A$402 million worth of medical cannabis sold in H1, full year expected to surpass A$1 billion mark.

Company news from this month include:


🔬 Cymra Life Sciences completed a phase II trial showing significant pain reduction for chronic neck and back pain using Cybis® THC:CBD oil.

 
🇧🇷 Brazil: Supreme Court Allows First Commercial Cultivation Permit as Market Reaches 672k Patients and R$853M in Sales

🏛️ Historic decision of Supreme Court authorises company DNA Soluções to cultivate medicinal cannabis, urging regulation within six months to facilitate local production and reduce costs of CBD.

 

💼 As many as 672,000 patients accessed medical cannabis in Brazil in 2024, generating sales of R$853 million ($140M), a new report finds. Over 2,180 products are available, including oils and capsules from both local manufacturing and named-patient imports.

  • 313,000 patients obtain imported products, with 72,000 new import authorisations in H1 2024.
    • Despite pharma players petition to revoke RDC 660 allowing named-patient imports, data shows better affordability with imports, costing R$ 0.26 per CBD mg compared to R$ 0.41.
  • 212,000 patients source one of the 28 approved products in the pharmacies.
  • 147,000 patients get access through 40 patients’ associations.
  • Pilot project in São Vicente supplies free cannabis-based oil treatment to autistic children.
 
🇬🇧 United Kingdom: Families Demand Expanded Access, Companies Expand Operations and NHS Funds Clinical Trial

🏛️ Families demand NHS access to medical cannabis, citing insufficient prescriptions and barriers: only 50 children can access private prescriptions due to a shortage of willing paediatric prescribers.

 

💼 Curaleaf processes 250kg of medical cannabis monthly in Sunderland, with exports tripling in the past year, serving 16,000 clients monthly.


🔬 Ananda Developments launches two major UK clinical trials co-funded by NIHR and NHS to evaluate safety and efficacy of MRX2 and MRX2T for refractory epilepsy in children and adults.

 
🇮🇱 Israel: Health Ministry Clashes with Economy Ministry over Cannabis Tariffs as Patient Numbers Continue to Drop

🏛️ The Health Ministry and the Competition Authority disagree with the Commissioner of Trade Levies of the Economy Ministry in its final report of the investigation.

  • The final version of the investigation reduced some of its claims of Canadian imports flooding the market, but upheld the same flawed methodology to recommend tariffs of 2%-175%.
    • Criticism includes potential harms to patients with price increases, a negative impact on Israeli exports, and legal claims: issue likely to be resolved in Courts.
  • “Green Shield” patient campaign advocates for medical cannabis rights in Parliament, asking legislative changes to expand access, curtailed by recent reforms.
  • Iranian hackers stole 64GB of data from Israeli cannabis companies IMC and Pharmazone, claiming to expose illegal activities.
 

💼 Israeli market continues to shrink: Medical cannabis patients have further decreased—now down to 115,072 from the highest figure of 140,000 in January 2024.

  • Imports have instead returned to normal dynamic with 1.6 tonnes imported in October: total figures for the year likely to surpass those of 2023, but much lower than the 24 tonnes of 2022.
 

🔬 Rehabilitation nation: Initiatives focused on addressing the rising mental health issues among Israelis post-conflict. SyqeAir creates an online questionnaire for PTSD symptoms.


🇫🇷 France: Medical Cannabis Program at Risk of Closure in 2025 as Government Faces Budget Constraints

🏛️ Budgetary problems in France risk leaving 1800 patients without access: doctors, industry and patients urge government to extend the medical cannabis experiment, in risk of stoppage in 2025.

  • An evaluation report of the experimentation drafted by the General Health Directorate last year which was recently obtained by industry association UIVEC admits statistically significant improvements in pain management over time thanks to medical cannabis.
  • France has the highest cannabis consumption in Europe, yet maintains strict drug laws and significant anti-cannabis enforcement costs, amid the proposal by Prime Minister Michel Barnier to increase taxes and cut spending to curb government deficit.
    • Legalising cannabis could generate €3.4bn for the government, reduce crime, and create 40,000 to 80,000 legal jobs.
  • New industry campaign “CannabiSanté” proposes 10 key measures for sustainable access to medical cannabis in France before the experiment ends: focusing on training healthcare professionals, creating a structured health pathway, and establishing the local industry.
 

💼 France’s hemp cultivation area could double in the next five years, thanks in no small part to its leadership in processing infraestructure.

 

🔬 Aelis Farma reports positive Phase 1/2 study results for AEF0217, a CB1 inhibitor, in improving cognitive function in young adults with Down syndrome.


🇿🇦South Africa: Trade Ministry Takes Over Cannabis Master Plan, Raises Hopes of Clearer Rules for 2025 as Private Clubs and Medical Exemptions Expand in the Legal Grey Area⁠

🏛️ Cannabis master plan moved to Industry and trade ministry: new comprehensive legislation for legal trade expected next year to address industry regulation and financing.

 

💼 Despite lack of regulatory clarity on Section 21 exemption to access medical cannabis products, Synergy Wellness seek to provide compliant access, with significant growth in patient enrolments.

 

🔬 South Africa’s Cannabis Research Institute sponsors a clinical trial on medicinal cannabis for opioid addiction treatment and pain management, in collaboration with Releaf Cannabis E-Clinics.


🇩🇰 Denmark: Medical Cannabis Programme Becomes Permanent with Industry-Boosting Adjustments

🏛️ Government plans to make medical cannabis prescription scheme permanent after significant increase in prescriptions and positive patient outcomes since 2018.

  • An agreement of political parties in both government and opposition will see improvements to the current pilot project which could boost current industry and 1,800-strong patient base:
    • Enhancing the guidance issued to prescribers by the Medicine’s Agency.
    • Facilitate production by limiting the list of banned pesticides.
    • Allowing the export of seeds to licensed entities.
    • Permitting the import of APIs from other European countries for further processing.
 

💼 STENOCARE exits Danish production by ending its cultivation facility lease, shifts focus to trading medical cannabis in a variety of markets.

 

🔬 Cannabis users showed less cognitive decline compared to nonusers over 44 years in a study of 5162 Danish men: age of initiation and years of frequent cannabis use didn’t affect it either.


🇵🇱 Poland: Market Adapts to New Prescription Rules, Major Product Launches of 25% THC

🏛️ First permits for commercial cultivation have been issued—however, there’s a long road ahead before the first domestically-produced products are commercialised at home or abroad.

  • There’s hopes local production could help drive down prices, which are among the highest in Europe due to strict restrictions on supply and mandatory product registration.
  • A parliamentary team for the decriminalisation of cannabis has been formed with MPs of the ruling coalition, seeking to agree on legalisation measures, likely to include home growing.
 

💼 Industry is dealing with the aftermath of the ban on remote prescriptions: initiatives to facilitate in-person consultations are spreading. In October, before the new restrictions, Polish patients purchased 90,388 packs worth PLN 42.6 million (US$10.4million).

 
🇦🇷 Argentina: as Central Government Introduces Regulatory Hurdles, Provinces Roll Out Medical Programmes

🏛️ Federal judge declares unconstitutional the training requirements for doctors prescribing medicinal cannabis in recent government reforms of the REPROCANN.

 

💼 In Patagonian province of Chubut, Whale Leaf Farm begins supplying pharmacies with medicinal cannabis while awaiting new provincial law regulations.

 
🇳🇿 New Zealand: Export-Led Growth and New Product Launches

💼 Helius Therapeutics launched new products: Amelia, its first locally produced flower with 15% THC, and a Sativex equivalent spray with 27mg THC and 25mg CBD.

  • Puro inked a new agreement in Australia with Heyday to supply organic THC, CBD, CBG.
  • RUA Biosciences reports record quarter sales led by New Zealand and Australia; new product launches in Germany and the UK expected to drive further growth.
  • Medical Kiwi, now Aether Pacific Pharmaceuticals, entered voluntary administration due to significant financial losses, amounting to NZ$5.8 million in fiscal year 2022-23.
 

🔬 Latest New Zealand Drug Trends Survey highlights that cannabis availability remains high, helped by illicit market price declines and accessibility constraints on medical cannabis.


🇳🇱 Netherlands: Amsterdam Plans Coffee Shop Redistribution

🏛️ Amsterdam prepares ban on new coffee shops, hotel beds in the city centre to curb over-tourism. As many as 90 of the city’s 165 coffee shops are based in the central district of the city: municipal council wants to facilitate moving to other neighbourhoods to decompress centre.


💼 Price increase for medical cannabis products will be effective on January 1, 2025, due to rising production costs; prices set at €33.40 per 5 grams.

 

🔬 Study on cannabis and oxycodone for fibromyalgia pain showed no significant pain relief or reduced adverse effects, while 25% of participants dropped out due to adverse events.


🇨🇴 Colombia: Legalisation Bill Faces Third Failure as Companies Progress with International Trade

🏛️ Cannabis legalisation bill in Colombia likely to fail again for the third time due to insufficient time for approval in Congress this legislature.


💼 Avicanna delivered proprietary topical products, including 3% CBD cream and 2% CBD/0.5% CBG gel to a European pharmaceutical company as part of an exclusive supply agreement.

 
🇵🇹 Portugal: Medical Cannabis Exports to Germany Surge

💼 Portuguese producers benefiting from German medical cannabis boom, exporting 7803kg since the beginning of the year, on track to doubling last year’s amounts.

 

🔬 Avextra launches a breeding program for proprietary varieties with specific cannabinoid and terpene profiles for pharmaceutical use: Over two years, 5,000 seeds will be phenohunted.

 
🇪🇸 Spain: Sector Awaits Upcoming Medicinal Regulation

💼 Spain is one of the largest producers of medicinal cannabis in Europe, with 12 operational, licensed companies: sector expects tailwinds from upcoming, limited medical legalisation.

 

🔬 Historical review of the use of hemp extract for gastrointestinal distress in Barcelona from the nineteenth century until 1939, highlighting the scope of medicinal applications before prohibition.


🇮🇹 Italy: Farmers Protest Security Bill Risking the Loss of 30,000 Jobs

🏛️ Farmers and entrepreneurs protest against government’s security bill, threatening 3,000 hemp companies in Italy, risking 30,000 jobs and half a billion euros in revenue.

  • No provisions for cannabis patients included in new highway code, which includes license revocation for positive narcotics tests.
 

💼 MYCB1 has received authorisation to market its standardised extracts in Italy, marking a significant milestone for the company.


🇺🇦 Ukraine: Medical Cannabis Market Takes Shape with 80 Companies Interested Despite War Challenges

🏛️ Deputy Health Minister claims regulatory system in Ukraine is prepared for market entry, progressively more harmonised with the EU despite halving of clinical trials due to war.

 
🇨🇭 Switzerland: Recreational Experiments Expand

💼 Basel city Weed Care study extended until January 2027, introducing new product forms like vape oils and tinctures, available to about 400 participants.

 
🇨🇿 Czech Republic: Government Waters Down Recreational Reform, but Facilitates Medical Access to Chronic Pain Patients

🏛️ Ministry of Health to simplify cannabis prescriptions for chronic pain, allowing general practitioners to prescribe it: patients expected to surge from current 8,000 to tens of thousands.

 
🇷🇺 Russia: State Involvement in Juicy Fields Scam Surfaces

🏛️ Vitaly Markevich, wanted for billion-dollar fraud in the Juicy Fields case, remains free in Russia despite international arrest warrant and police investigation challenges.

 
🇺🇾 Uruguay: New President to Maintain Pro-Cannabis Policy

🏛️ New left-wing president not expected to substantially alter consensus-driven cannabis policy: however, more lenient attitude to criminal proceedings might ensue.


💼 New report highlights Uruguay’s stable political environment, favourable regulatory framework to attract national and foreign investment in the cannabis industry.


🇮🇪 Ireland: New Left-Leaning Coalition Could Tackle Drug Reform

🏛️ Cannabis reform was an issue in Ireland’s 2024 General Election, despite party commitments lacking clarity on implementation.

 
🇱🇺 Luxembourg Restricts Medical Cannabis Access: High-THC Flower Prescriptions to End in 2025

🏛️ The government plans to restrict access to medical cannabis following on the footsteps of France. From January 1, 2025, patients can no longer be prescribed high-THC dried flower.

  • Minister of Health quotes a 2022 evaluation report that found instances of abuse, claiming effectiveness of treatment is not conclusive and difficulties with dosage and administration.
 
🇹🇷 Turkey: After Approving Cultivation for API, Now Joins European Medicines Quality-Control Network

🏛️ Following the recent approval of cannabis cultivation for the production of APIs, Turkey has now become a member of the OMCL, a EQDM network to ensure the quality of medicines.


🇨🇷 Costa Rica: Proposed Legalisation Bill Declared Unconstitutional

🏛️Supreme Court declared recreational cannabis bill proposal as unconstitutional, citing violations of international treaties ratified by Costa Rica, despite support by certain judges.


🇳🇴 Norway: New Balanced Product Approved for Sale

💼 Stenocare’s Astrum 10-10 product with under 1% THC has been approved for sale in Norway.


🇿🇼 Zimbabwe: Further Medicinal CBD Products Launched

💼 Ivory Medical launched CannaQure, a medicinal cannabis product line in Zimbabwe, offering alternative solutions for patient wellness and symptom relief.


🇲🇩 Moldova: Government Approves Hemp Regulations

🏛️ Moldovan government approved regulations for farmers to cultivate industrial hemp of registered varieties for seeds, fiber, and oil production.


🇨🇳 China: Review of CBG Finds Therapeutic Potential

🔬 A review of the therapeutic potential of CBG shows potential in treating neurodegenerative diseases, inflammation, and cancer through various molecular mechanisms.


🇨🇱 Chile: Prescription-Holders Protected from Roadside Tests Prosecution

🏛️ Chilean medical cannabis users will not be prosecuted for positive roadside drug tests if they present a medical prescription.


🇧🇼 Botswana: New President Eyes Cannabis to Boost Economy

🏛️ New president of Botswana focuses on cannabis exports, renewable energy, and tourism to diversify Botswana’s economy beyond diamond dependence.


🇦🇩 Andorra: Outrage over 4-year Sentence for CBD Possession

🏛️ Criminal case sparks outrage: young man sentenced to 4 years for possessing 565 grams of CBD; however he is now out of prison on provisional freedom—retailers demand legal reforms.


🇫🇯 Fiji: Government Drafts Cannabis Legalisation Bill

🏛️ Fiji government progressing on legislation to establish a legal cannabis industry, according to Trade Minister, consultations likely completed between April and June.

Tags :
Canada,Denmark,France,Germany,Israel,Poland,South Africa,UK,US
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