News Americas, NEW YORK, NY, Fri. May 19, 2023: Here are the cannabis headlines making marijuana news globally and in the Caribbean and Latin America this week in less than 60 seconds:
For the second time in three weeks, Singapore officials executed a man by hanging for a nonviolent cannabis-related charge in what critics are calling a “killing spree.” A Malay man in Singapore, 37, whose family asked for him not to be named, was executed at Changi Prison Complex in the eastern part of the city for allegedly trafficking 1.5 kilograms (3.3 pounds) of cannabis.
The head of the Drug Enforcement Administration’s Drug and Chemical Evaluation Section said that the agency plans to file new rules clarifying that synthetically derived cannabinoids like delta-8 THC are illegal controlled substances. The government of Costa Rica issued the first business license to cultivate and process marijuana for medical purposes, according to local media reports.
Costa Rica’s Ministry of Agriculture and Livestock (MAG) issued the license to Azul Wellness S.A.
Jamaican Medical Cannabis Corp. (JMCC), a Toronto- and Jamaica-based business, has acquired the EU-GMP-certified medical cannabis production facility and other assets in Malta of Materia Ventures, a European-focused supply and distribution company for cannabis and CBD products. No acquisition price was disclosed by the privately owned businesses.
A new ordinance banning cannabis use on the streets in Amsterdam’s Red Light District is slated to take effect later this month. The ban, officially approved by Amsterdam’s city council last week, will “come into effect from May 25 and will be enforced by police and local officials. A violation of the new law will result in a €100 (or $109) fine.
A newly released study found that legalizing marijuana could be a major economic boon in Australia. The study from the University of Western Australia, found that cannabis legalization could bring $243.5 million per year in the first five years to Western Australia.
American workers are testing positive for marijuana following on-the-job accidents at the highest level in 25 years, according to a new report from Quest Diagnostics. The report found that 7.3 percent of workers tested positive for marijuana after being involved in an accident at work in 2022, up from 6.7 percent in 2021.
Three marijuana stocks to consider are Green Thumb Industries (GTBIF); Canopy Growth (CGC) and Tilray (TLRY).