Le Lézard
Classified in: Health
Subjects: SVY, AVO, MAT

Regulation Needs to Keep Pace With Global Cannabis Legalisation in 2019 - Prohibition Partners


LONDON, Aug. 22, 2019 /PRNewswire/ -- The number of countries to legalise medical cannabis has risen nine-fold in the last five years, as global attitudes towards cannabis have shifted in favour of liberalisation. In 2019, 43 countries have legalised medical cannabis, with a host more allowing pharmaceutical cannabis. However, international regulatory bodies and treaties lag behind public perception, domestic legislation and patient demand.

The Cannabis Legal Reporttm is the latest industry-leading research from Prohibition Partners, strategic consultants and market intelligence providers for the cannabis industry. The report analyses the current status of legal and regulatory regimes for cannabis around the world. Some key findings include:

Prohibition Partners' Managing Director, Daragh Anglim said: "Regulatory shifts and advances came thick and fast over the last 12 months, such as Thailand's reform of previously conservative cannabis policies, Canada's legalisation of adult-use cannabis and the UK's implementation of a medical cannabis programme. We feel that international regulatory bodies and institutions need to keep pace with global legislative change to offer the clarity that businesses and patients need."

The EU has taken initial steps to develop common standards for medical cannabis - which would go some way to producing clarity in the largest potential cannabis market. The UN, however, has delayed the reclassification of cannabis, which should be a priority according to Prohibition Partners, to better reflect the growing demand and use of cannabis as a medicine. US authorities have been slow to implement new regulations to protect legal cannabis businesses and provide banking security.

Despite this lack of clarity, thousands of patients around the world have been able to access legal medical cannabis in 2019 and Prohibition Partners predicts this growth to gain further momentum at a national level. International regulators will need to follow suit to keep pace with the widening commercial, social and health benefits associated with legal cannabis.

Receive your free copy of the report here: https://prohibitionpartners.com/reports/#the-cannabis-legal-report

The report was published on 22/08/2019, and can also be downloaded on Prohibition Partner's website: www.prohibitionpartners.com   

About Prohibition Partners

We are the world's leading provider of market insights and strategic consultancy for this emerging frontier.

We firmly believe that data, insights and education will unlock the societal and commercial potential of cannabis.

Our research, data and insights are regularly cited by political leaders, investment banks and Fortune 500 companies.

Our consultancy team works with investors, operators and regulators to identify and execute opportunities across multiple jurisdictions. We advise our private clients on licensing, regulatory and business opportunities.

Logo - https://mma.prnewswire.com/media/717815/Prohibition_Partners_Logo.jpg

Prohibition Partners Logo (PRNewsfoto/Prohibition Partners)

 


These press releases may also interest you

at 21:52
Amgen Inc. announced today the pricing terms of its previously announced nine separate private offers to exchange (each, an "Exchange Offer" and, collectively, the "Exchange Offers") certain specified series of its outstanding senior notes...

at 21:25
Isagenix International, a global wellbeing company providing effective products and a supportive community, has announced four new Canada finalists in its annual total-body transformation program, the IsaBody Challenge®. The second Judging Period's...

at 21:03
K-Bro Linen Inc. ("K-Bro" or the "Corporation") today announces its 2020 Q2 financial and operating results. 2020 Q2 Financial and Operating Highlights As a result of the COVID-19 pandemic, consolidated hospitality revenue for the three months...

at 20:32
Inc. Magazine Unveils Its Annual List of America's Fastest-Growing Private Companies ? the Inc. 5000 For the 3rd Consecutive Year, Advanced Medical Integration Appears on the Inc. 5000, Ranking No. 2489 for 2020 Inc. magazine has revealed that...

at 20:30
Formsense, a leading smart apparel company, has taken on the unusual role as part of an expert task force working together with Mass General Brigham Health System and its Spaulding Rehabilitation Network to publish a study on the role of mHealth in...

at 20:22
Inc. Magazine Unveils Its Annual List of America's Fastest-Growing Private Companies?the Inc. 5000 Azon Medical Ranks No. 598 on the 2020 Inc. 5000 Inc. magazine has revealed that Azon Medical is No. 598 on its annual Inc. 5000 list, the most...



News published on 22 august 2019 at 07:54 and distributed by: