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=== Quick highlights (with sources) === * Germany — after legalizing adult use in 2024, Germany is continuing to implement a regulated market and its law is driving regulatory discussion in Europe. Mexico Business News<ref>{{cite web|title=Mexico Business News|url=https://mexicobusiness.news/health/news/2025-year-set-record-straight-cannabis-industry|publisher=Mexico Business News|access-date=2025-11-28}}</ref> * Brazil — Brazil’s national health agency (Anvisa) recently cleared the country’s agricultural research agency (Embrapa) to begin official cannabis research and build a seed bank — a major step toward enabling domestic medical/industrial cultivation. Reuters<ref>{{cite web|title=Reuters|url=https://www.reuters.com/business/healthcare-pharmaceuticals/brazils-agricultural-research-agency-gets-cannabis-research-greenlight-2025-11-21/|publisher=reuters.com|access-date=2025-11-28}}</ref> * Europe (pilot programs / planned reforms) — several European countries are running or planning controlled pilot programs (Switzerland, the Netherlands) or moving toward legalization (Czech Republic has planned reforms). Contentful<ref>{{cite web|title=Contentful|url=https://assets.ctfassets.net/pn8wbiqtnzw9/MuBhbwrCy8zqJXADZfuhN/ec6e131178e89ef6a21248828090602c/Cannabis_in_Europe_Update_2__Feb_2025_.pdf|publisher=assets.ctfassets.net|access-date=2025-11-28}}</ref> * Thailand — not every trend is liberalizing: Thailand moved in mid-2025 to tighten/recriminalize aspects of its earlier liberalization, showing back-and-forth policy risk. Reuters<ref>{{cite web|title=Reuters|url=https://www.reuters.com/markets/commodities/thailand-moves-recriminalise-cannabis-shaking-1-bln-industry-2025-06-25/|publisher=reuters.com|access-date=2025-11-28}}</ref> * United States — state-level activity — as of 2025, medical cannabis exists in ~40 states and adult-use in 24 states; multiple states had active bills, signature campaigns, or shifting policy debates in 2025 (analysts flagged PA, NH, HI, VA among those to watch; news outlets report continuing state-level legislative activity and ballot/legal fights). NCSL<ref>{{cite web|title=NCSL|url=https://www.ncsl.org/health/state-medical-cannabis-laws|publisher=ncsl.org|access-date=2025-11-28}}</ref>
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