Marijuana Business Magazine February 2019

Countries included have passed legislation at the federal level and must fulfill at least one of the following criteria: • Cultivation or manufacture of medical cannabis allowed. • Doctors can prescribe medical cannabis. • Import and/or export of medical cannabis allowed. High: Countries at the forefront of the global industry. Frameworks are established, and adoption is well underway. Medium: Implementation has begun but is still limited or restricted; lots of room for the market to develop. Low: Legislation has been passed, but implementation is very limited or nonexistent. Decriminalization is not included. MAP LEGEND High level of medical development/implementation Medium level of medical development/implementation Low level of medical development/implementation Other - federally illegal but unique circumstances Recreational Marijuana Business Magazine | February 2019 20 months in both brick-and-mortar and online stores. British Columbia retailers face a different challenge altogether as the province essentially bans vertical integration—so retailers can’t shift their costs down the supply chain. “I think Colorado has taught us at the initiation of such a program—adult consumer use of cannabis—(there) will be a massive spike in demand until the market normalizes,” said Allan Rewak, executive director of the Cannabis Council of Canada. Luxembourg Releases Recreational Proposal Luxembourg’s plan to legalize recreational marijuana would be a milestone for the European Union, but a provision would allow sales only to the country’s 600,000 “adult residents.” A 250-page policy document notes that the production, purchase, possession and consumption will be regulated within Luxembourg’s borders, which likely would not allow for exports or imports. While the policy document demonstrates forward movement, “the agreement is to do this in the next legislative period, which means up to five years,” according to a source in the Socialist Workers Party. It also establishes a two-year evaluation period for Luxembourg’s medical cannabis program, after which the country will decide whether to follow the same model as Germany, where MMJ is covered by medical insurance. Industry Developments | International & State International News (continued)