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News Americas, NEW YORK, NY, Fri. May 12, 2023: Here are the cannabis headlines making marijuana news globally and in the Caribbean and Latin America this week in less than 60 seconds:

Rapper Rico Nasty has joined a growing list of artists in the music industry to launch their own cannabis strain. The new strain, called ROAD RAGE, was announced by the “Phuckin’ Lady” rapper on Twitter on May 8.

A key U.S. Senate committee convened on Thursday to discuss marijuana banking issues and bipartisan legislation that seeks to resolve the industry’s unique financial challenges. The committee heard from 6 witnessed but there was no vote.

A proposal to legalize recreational cannabis use in Colombia is close to becoming law, with final voting rounds in the Senate coming later this month

If the proposal succeeds, Colombia will join several other Latin American nations in fully decriminalizing or legalizing cannabis use.

The Global Medical Marijuana Market is expected to reach USD$53,886.43 million by 2030 at a CAGR 23.61%.

The Ontario Cannabis Store (OCS) has launched a Social Impact Fund to address some of the outstanding issues in the industry associated with environmental sustainability and diversity, among other things.

The OCS, which is owned by the Ontario government, says the new pilot funding is an opportunity to support projects and research promoting social responsibility “and benefits Ontarians in a positive way.”

Kaya Group, the first medicinal Ganja herb house in the Caribbean plans to expand its product offerings by introducing two new SKUs of Psychedelic Mushroom Chocolate. Kaya will sell its Psychedelic Mushroom Chocolate in a flat bar that contains 1000mg of psilocybin per bar that can be broken into four equal-sized pieces containing 250mg of psilocybin per square.

European nations – the Czech Republic, the Netherlands, Luxembourg, Malta, Germany and Switzerland are all pushing to legalize weed — but the EU is not on board due to international drug treaties and public health concerns.

Five marijuana stocks to consider now are: Cresco Labs Inc. (CRLBF), SNDL Inc. (SNDL), Trulieve Cannabis Corp. (TCNNF), Curaleaf Holdings Inc. (CURLF) and Canopy Growth Corp. (CGC).

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