MARIJUANA NEWS ROUNDUP – NOV. 1, 2019

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A participant dressed in a marijuana costume advocate the legalisation of medical marijuana in Ukraine, allow of cannabis smoking, and the decriminalisation of minor offences related to cannabis storage without the purpose of marketing. (Photo by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
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News Americas, NEW YORK, NY, Fri. NOV. 12019: Here are the marijuana headlines making news globally and in the Caribbean and Latin America for the week-ending Nov. 1, 2019:

Wondering where the weed market is heading? Cowen and Co recently estimated estimate that by 2030, the US cannabis industry will be worth over $75bn.

Two men allegedly held with $2.6 million worth of ganja after their vessel was intercepted by the Jamaica Defence Force coastguard off the coast of Negril, Westmoreland, were in court this week.

Citing “unprecedented” pressure from companies trying to influence Mexico’s cannabis legislation, voting on a bill to completely legalize marijuana – including its recreational use – will be delayed.

New Jersey marijuana brand, Green Leaf Medical, has hired Former Philadelphia Mayor Michael Nutter to aid its entry into the Pennsylvania market.

The countdown is on to the Latin American & Caribbean Hemp Summit, set for Nov. 8-9 in Montevideo, Uruguay.

Two points to note about the Bernie Sanders marijuana legalization plan: 1: Marijuana would be legalized by executive order within the first 100 days; 2: All previous cannabis convictions at the federal and state level would be reviewed for expungement and/or resentencing.

A funeral in northeastern Germany ended in a hospital trip for some after mourners were accidentally served a cake laced with hashish, police in the city of Rostock said this week.

And three marijuana stocks to consider this week are: Neptune Wellness Solutions, MediPharm Labs and Valens GroWorks.

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