Lumino Illuminations on the Cannabis Industry

"Stay informed, celebrate innovation, and remain prepared for inevitable change."

Lumino’s illuminations on the cannabis industry returns. We’re back again with more insights to help you keep updated in this ever changing industry, where change can happen in the blink of an eye ??

Changes in regulations today can significantly impact your business and career; it's essential that we all stay informed in order to grow this industry together.

See below for an unbiased review on what our team has been reading recently, and scroll to the end for our 3 featured jobs! ??

• Portugal's Medicinal Cannabis Companies: As reported by CannaReporter? , Portugal's medicinal cannabis industry is rapidly expanding, with 42 licensed companies and 150 entities in the licensing process, indicating substantial growth potential.
• Bayer is exploring a major restructure that would involve potentially splitting off either its agrochemical or over-the-counter drugs subsidiary.
• MJBiz reports that Cookies L.A. cannabis store will close while following a huge rent increase by their landlord.
• Portugal Exports over 5.4 Tons of Cannabis in 2023, yet medical cannabis prescriptions within the country itself remain limited and the majority is exported to Germany, Poland and Australia.

"Tobacco is investing in cannabis, alcohol is not."

• BAT Investment in Organigram: British American Tobacco has now invested further in leading licensed cannabis producer Organigram, through a C$124.6 million investment with 38.7 million shares to be issued over three tranches, Financial Post reports.
• Constellation Brands: As a further insight, international alcohol Constellation Brands has now decided to stop investing in the cannabis infused beverage sector.
• In markets where cannabis is legal, trends suggest that that alcohol consumption remains steady, but tobacco consumption declines. What could this mean for the tobacco and alcohol industry?
• InterTabac - InterSupply and CB Company Expo held a talk on IPM Challenges in (Medical) Cannabis Cultivation, and how it isn't a one-size-fits-all solution. It uses personalised strategies to handle pests, diseases, and viruses in cannabis cultivation. Moderated by Sonny Moerenhout of Cultivators, with speakers Franz Joseph Sima of Fluence, Ben Niehaus of SpexAI GmbH, and Lumino's own COO Nikita Cretu - listen to the talk on Spotify here.
• Thailand threatens stricter cannabis laws: The first country in Asia to decriminalise cannabis may roll back its drug policy after just one year, says Prime Minister Srettha Thavisin. What does this mean for over 6,000 cannabis shops already established across the country?
• The South African National Assembly has passed The Cannabis for Private Purposes Bill, which will permit adults to use and cultivate cannabis at their home - but not legalise buying or selling.

Tune in now: Watch on YouTube | Listen on Spotify | Listen on Apple Podcasts

Lumino Jobs | Click to Apply! ??