Recently, the Czech Ministry of Justice presented a proposal to liberalise the laws on the personal cultivation and possession of cannabis. This represents a social and legal shift in the way cannabis is handled and opens up new market opportunities for cannabis-related products and services.
Japan has officially revised its THC limits for hemp products. The changes are to come into force from 12 December 2024. Read more about the details of the new regulation in the following text.
The European Union has introduced new reporting requirements for the hemp sector as part of an update to the legislation. The aim of this regulation is to increase market transparency and put hemp on an equal footing with other fibre crops such as flax and cotton.
With the passing of the ‘’Industrial Hemp Liberalisation Act‘’ (NLG), Germany has introduced significant reforms to its industrial hemp sector, opening up the legal framework for farmers and companies and new growth opportunities for the sector.
In Germany, the handling of cannabis has changed considerably since 1 April due to the passing of a new law and the associated removal of cannabis from the Narcotics Act. This has had a significant impact on the economy, particularly on the cannabis-related industries.