Cannabis News Today

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Cannabis plants in a greenhouse at a Cresco Labs Inc. facility in Indiantown, Florida, U.S., on Monday, March 28, 2022. Photographer: Eva Marie Uzcategui/Bloomberg via Getty Images
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News Americas, NEW YORK, NY, Fri. April 14, 2022: Here are the cannabis headlines making marijuana news globally and in the Caribbean and Latin America for today, April 14, 2022 in less than 60 seconds:

A bipartisan group of US congressional lawmakers filed a bill on Thursday that would direct the attorney general to create a commission charged with making recommendations on a regulatory system for marijuana that models what’s currently in place for alcohol.

Legal sales of marijuana are expected to top $33 billion by the end of 2022, according to a new study by MJBiz, a leading B2B cannabis industry resource. That’s a 32% increase over 2021’s total of $25 billion.

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A sister-brother team of entrepreneurs in Germany is at the European cannabis forefront: Anna-Sophia and Niklas Kouparanis are co-founders of the leading medical cannabis holding company, the Bloomwell Group, which launched the Bloomwell Group together in June 2020. Within a year and a half, the company grew to 200 employees and generated some five million euros.

US cannabis operator Curaleaf Holdings, Inc. will bring its CBD and cannabis products to the Caribbean via an agreement with a hemp products distributor. The Massachusetts-based company said it has signed a distribution agreement with WB Canna Co. & Wellness, a CBD distributor and wholly-owned subsidiary of Miami-based WEBB Banks, to distribute CBD products in Puerto Rico, the U.S. Virgin Islands, Aruba, Bermuda, Barbados, Cayman Islands, Costa Rica, Guatemala, Jamaica, Saint Maarten among other markets in Latin America.

Medical Marijuana, Inc., the first-ever publicly traded cannabis company in the US that launched the world’s first-ever cannabis-derived nutraceutical products, says its subsidiary Kannaway® achieved its largest revenue month in the company’s history in its South Africa division in March 2022.

A year and a half after New Jersey residents voted to legalize cannabis, the state this week gave seven medical-marijuana companies approval to start selling their products to all adults.

Tilray’s hemp food subsidiary, Manitoba Harvest, plans to launch a new line of hemp powders blended with green tea leaves and other greens through grocery chain Whole Foods Market.

Global supply-chain woes – first triggered by the coronavirus pandemic in 2020 – have been exacerbated by Russia’s invasion of Ukraine, and the U.S. cannabis industry is expected to feel the added fallout for months, analysts say.

Three stocks to watch are AbbVie Inc., ABBV, Altria Group, Inc. MO and The Green Organic Dutchman Holdings Ltd, TGODF.