Cannabis Arrests In Japan Hit Record High, Australia's Hemp Sector Faces Setback, Morocco's 294-Ton Legal Harvest And More

Zinger Key Points
  • Japan records unprecedented surge in cannabis criminal cases, with youth representing over 70%.
  • Australia's hemp industry faces challenges as a major initiative is abandoned due to lack of government funding.

Japan’s Cannabis Cases Hit Record High, Youth Most Affected

Japan reported a historic surge in cannabis-related criminal investigations in 2023, with 6,482 cases marking an unprecedented increase, according to Kyodo News. Significantly, individuals in their teens and twenties constituted over 70% of these cases, highlighting a growing concern among young populations. This shift represents the first instance since 1958 where cannabis offenses have outnumbered stimulant drug cases, underscoring changing drug use trends and challenges within Japanese society.

Explore the latest global cannabis regulatory updates, including groundbreaking developments and regulatory shifts worldwide at the highly anticipated Benzinga Cannabis Capital Conference in Florida this April 16-17, 2024.

Australian Perspectives Shift On Cannabis, Hemp Sector Faces Setback

In Australia, a wave of support for cannabis decriminalization is rising, with over half of Victorians backing the regulation of its personal adult use, as found in a survey by the Penington Institute reported by Cannabiz. This inclination reflects a broader societal shift towards viewing cannabis as less harmful than other substances, including alcohol, and favors education over punishment.

Despite the positive momentum, the Australian hemp industry faces challenges, notably the government’s refusal to fund a significant expansion project. HempToday notes this decision leaves the sector’s ambitious goals for growth and development in limbo, highlighting the complexities surrounding Australia’s approach to cannabis and hemp.

Morocco Celebrates Landmark 294-Ton Cannabis Harvest

Morocco’s entry into legal cannabis cultivation has culminated in a first harvest of 294 tons, according to Morocco World News, marking a pivotal achievement under the guidance of the newly established National Agency for the Regulation of Cannabis-Related Activities (ANRAC). This success highlights Morocco’s strategic embrace of cannabis for both therapeutic and industrial uses.

Kingdom Of Eswatini Set To Legalize Medical Cannabis, Aims To Boost Economy

Eswatini, also known by its former official name Swaziland, is poised to legalize medical cannabis, overturning a century-old colonial law. With King Mswati III's government backing, the move is expected to curtail the black market, generate tax revenue, and empower local farmers, reports VOA. Amid criticism about its possible bias in favor of rich sectors, the proposed legislation seeks to align the small Southern African nation with global trends, emphasizing the economic potential of the cannabis industry in creating jobs and stimulating growth.

Excited to delve into the latest cannabis regulatory updates around the world? Join us at the upcoming Benzinga Cannabis Capital Conference in Florida at the new Hollywood venue on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn, and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world. Get your tickets now on bzcannabis.com – Prices will increase very soon!

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.