Formula Swiss’ Post

The UK cannabis industry on the back of growing consumer demand, improving stabilisation and a changing regulatory environment looks assured. It is also becoming clear that in order to survive and thrive in the next period of growth, market participants need to embrace regulation and professionalisation in order to obtain a premium price for their product. https://lnkd.in/e2tAMaes

-British Cannabis Group, entering its ninth year, navigates the challenges and opportunities in the UK cannabis market. The CBD sector faces economic headwinds, including inflation and supply chain disruptions, demanding resilience from businesses. Regulatory ambiguity, highlighted by the FSA's recommendations, poses compliance challenges, emphasizing the need for clear guidelines. The industry's hope lies in potential regulatory success, as British Cannabis seeks an Article 4 non-novel determination, unlocking opportunities for new products and brands. Collaboration between stakeholders and regulatory bodies, along with patient support and education, becomes crucial for navigating the cannabis industry's intricate terrain in 2024. #CBDChallenges #UKCannabisIndustry #RegulatoryNavigations #CannabisOpportunities #PatientEducation Original Article By: Business of Cannabis https://lnkd.in/g-aaAU-m

🔍 The Looming HHC Ban 2024: Navigating Uncertainty in Europe's Hemp & Cannabis Industry The "HHC Ban 2024" is on the horizon, creating a wave of uncertainty across Europe’s hemp and cannabis sectors. With 2024 rapidly approaching, businesses and consumers are grappling with what this potential ban means for the industry. The fragmented regulatory landscape in Europe compounds this issue, leaving many in a state of flux. Stakeholders are divided: some see the ban as necessary to mitigate health risks, while others argue it will stifle critical research and innovation. The debate mirrors broader trends in EU cannabis policy that favor regulation over outright prohibition. Globally, countries like Canada offer a regulatory framework that balances public health concerns with economic opportunity. Could Europe learn from such models to harmonize its approach and create a more stable environment for businesses and consumers alike? Should the ban take effect, it might drive up compliance costs and push consumers towards unregulated products, exacerbating safety concerns. However, there are ways to navigate these uncertain waters. Reputable sources like Pharmabinoid adhere to high-quality standards and ethical practices, ensuring safe and reliable cannabinoid products. As the HHC Ban 2024 discussion continues, informed decision-making becomes paramount. Policymakers must carefully balance public health protection with the need for ongoing innovation. Stay ahead of the curve. To understand the full implications and explore high-quality cannabinoid products, delve into our latest blog post. 🌐 [Read more here](https://lnkd.in/evQeSbGf)

When we talk about all being on the same page in this debate, here’s the definitive pages we should be looking at. The next annual report comes out in March! Let’s see if Australian cannabis industry and advocates refer to the INCB and the need for change at the top. It’s always great to see how humanity is fairing in the worldwide prohibition on cannabis. https://lnkd.in/e-NqKZ-c

‘Huge Milestone’ as Japan Moves Ahead With Cannabis Reform Japan has officially launched a public comment period for its landmark cannabis reform bill, offering new details on how its nascent cannabis industry will look over the coming months. Read more in the caption On May 30, the Japanese government announced that it would now be accepting public comments from interested parties on five measures of the new bill. Most notably, the preliminary proposals suggest that Japan is seeking to forgo the complex and lengthy Novel Foods process for CBD products, and could become the first country to approve CBD in food. Yves Antoniazzi, Managing Director of Astrasana Holding AG, one of the few international companies to have a foothold in the Japanese CBD market, said: “We have been waiting a long time for this. It is a huge milestone for the global cannabis industry. Japan is the first country to approve CBD in food, paving the way for corporate companies to list CBD products in retail chains.” Read the full article here at: https://lnkd.in/eSDXS7nk

This will separate those who can grow cannabis and those who cannot. hopfully this move will help increase the quality of the cannabis imported to Israel. https://lnkd.in/gTYVeMFy

"Pre-rolls are less popular in Europe because of regulation," said Florian Lorenz, CEO at Hanfama. This insight is crucial as we work towards understanding the regulatory landscape and its impact on market growth. Thank you, Gregory Frye and Cannabis Equipment News, for the informative article on the cannabis #preroll_market in #Europe. In contrast, the preroll market in the USA and Canada is growing rapidly due to favorable regulations, consumer convenience, and innovative product offerings. The preroll sector is the fastest-growing segment in the cannabis industry in these regions. As other markets evolve, we expect the same trend to occur globally. At the Israel Cannabis Association, we are dedicated to supporting the global expansion of the cannabis industry. The preroll sector is booming worldwide, and it's essential to address these regulatory challenges to unlock its full potential in Europe. Read the full article here:

Both Australia and New Zealand are focusing on some changes to their cannabis regulations to help position them as key players in the industry. New Zealand hopes to lower quality standards on products created domestically, to help facilitate exports. Australia plans to increase the level of standards for international cannabis producers to slow down imports. More details on the anticipated changes can be found below from Business of Cannabis. #cannabisindustry #cannabisregulations #Australia #NewZealand

🌿 Navigating Uncertainty: Thailand's Cannabis Industry at a Crossroads 🇹🇭 In Thailand's shifting cannabis landscape, industry stakeholders are keenly observing the evolving legal framework. The proposed legislation, veering from a liberal to a more restrictive stance on cannabis use, is stirring significant discussions among cultivators, entrepreneurs, and investors. This transition reflects deeper debates on drug policy, public health, and commercial interests, marking a critical juncture for the future of cannabis in Thailand. As the bill progresses to the Lower House for review, its implications for the legal and economic facets of the cannabis sector are immense. Read here: https://lnkd.in/eR-rPaf7

𝗡𝗲𝘄 𝗧𝗵𝗮𝗶 𝗟𝗮𝘄 𝘁𝗼 𝗥𝗲𝗰𝗹𝗮𝘀𝘀𝗶𝗳𝘆 𝗖𝗮𝗻𝗻𝗮𝗯𝗶𝘀 𝗮𝘀 𝗮 𝗡𝗮𝗿𝗰𝗼𝘁𝗶𝗰 Discover the latest developments in Thailand's cannabis policy! A new draft regulation proposes reclassifying cannabis as a narcotic, marking a significant shift from its 2022 status. This change could impact the thriving cannabis industry and affect many who have invested in it. Visit our website to read the full article and share your thoughts on this crucial issue.