News Americas, NEW YORK, NY, Fri. Nov. 25, 2022: Here are the cannabis headlines making marijuana news globally and in the Caribbean and Latin America for today, Nov. 25, 2022 in less than 60 seconds:
Business mogul and rapper Sean “Diddy” Combs has agreed to buy marijuana retail and production assets owned by Columbia Care and Cresco Labs for up to $185 million to create what is being called the largest Black-owned cannabis company in the U.S.
President Joe Biden is cheering the Oregon governor’s move to grant tens of thousands of marijuana pardons this week, which followed his own federal clemency action last month. And he says other states should “follow Oregon’s example.”
New data from the US’ FinCEN says the number of banks and credit unions that reported actively working with marijuana companies in the third quarter of the 2022 Fiscal Year remained relatively stable, with 784 financial institutions across the U.S. filing requisite “Suspicious Activity Reports,” or SARs, for marijuana-related business (MRB) clients.
A man has been arrested in connection with the killings of four Chinese nationals at a marijuana growing operation in Oklahoma, which investigators have described as “executions.” Wu Chen, 45, was taken into custody in Miami Beach, Florida.
New York officials have approved the state’s first 36 cannabis dispensary licenses amid a push to begin legal marijuana sales in coming months. A total of 28 Conditional Adult Use Retail Dispensary licenses, or CAURD licenses, went to New Yorkers affected by biased enforcement.
A bill to legalize marijuana in Colombia has been approved in a Senate committee for the first time, weeks after it also advanced in the country’s Chamber of Representatives.
Members of the Rastafarian community in Guyana have expressed disappointment with the recent removal of custodial sentences for possession of small amounts of marijuana. They are calling for full legalisation of marijuana use.
The Food and Drug Administration (FDA) has sent warning letters to five companies that sell foods and beverages containing CBD—the agency’s latest stepped-up enforcement action that comes amid growing calls for a regulatory pathway for lawful marketing of the non-intoxicating cannabinoid.
And three Cannabis stocks to watch are: Green Thumb Industries (GTBIF), Tilray Brands (NASDAQ:TLRY) and Cronos Group (NASDAQ:CRON).