News Americas, NEW YORK, NY, Fri. June 30, 2023: Here are the cannabis headlines making marijuana news globally and in the Caribbean and Latin America this week in less than 60 seconds:
The National Basketball Association, (NBA), and its players union have officially signed a collective bargaining agreement that removes marijuana from the league’s banned substances list and lays out rules allowing players to invest in and promote cannabis brands — with certain exceptions. About two months after NBA and National Basketball Players Association (NBPA) reached an agreement on the seven-year contract, it has now been signed and enters into force this weekend.
The president of Ukraine is calling for the legalization of medical marijuana to help Ukrainians cope with trauma amid the ongoing war with Russia. Zelensky’s Cabinet has taken steps to legalize medicalcannabis, approving draft reform legislation last year that must still be passed by the Parliament. The policy change would put Ukraine is stark contrast to its long-time aggressor Russia.
Maryland’s marijuana legalization law officially takes effect on Saturday, with simple possession and personal cultivation set to become legal as the majority of existing medical cannabis dispensaries prepare to open their doors to adult consumers for the first time.
Canopy Growth shares are under pressure as Benchmark slashed its price target on the firm to zero. The stock has dropped 78% this year amid a broader selloff in the increasingly competitive marijuana market.
As demand grows for skilled workers for New York’s cannabis industry, CUNY Medgar Evers College (MEC) in Crown Heights, Brooklyn has expanded its cannabis degree minor program, and qualifying students have a chance to study at the school for free.marijuana in the South American country.
And in South Africa, a cannabis academy is training cultivators in Johannesburg how to grow weed.
The teaching aims to dispel stigma around marijuana, said Linda Siboto, the cofounder of the institution, which styles itself as Africa’s first cannabis academy.
The Mexican Army burnt 1.8 tons of narcotics recently. The drugs were related to 52 investigation folders seized in Nuevo Leon, Mexico.
And One of the Marijuana stocks doing well amid the downturn is TCNNF, Trulieve Cannabis.