News Americas, NEW YORK, NY, Fri. NOV. 15, 2019: Here are the marijuana headlines making news globally and in the Caribbean and Latin America for the week-ending Nov. 15, 2019:
Hip-Hop artist Drake is the latest celeb. to get into the marijuana business. He has partnered with Canadian cannabis giant Canopy Growth to launch the More Life Growth Company cannabis producer in Toronto.
Meanwhile, Canopy Growth, One of the largest cannabis companies in the world, is restructuring its overseas operations by laying off 15% of its workforce in Latin America.
Recreational marijuana dispensaries will begin opening in Michigan on Dec. 1, but 79 percent of the state’s communities including Detroit have banned cannabis businesses from opening.
Chicago-based Green Thumb Industries, a cannabis consumer packaged goods company and owner of marijuana retail stores, sold its processing and cultivation facility in Pennsylvania to Innovative Industrial Properties (IIP) in a $39.6 million deal.
Jamaica says it plans to overhaul the interim regulations governing legal marijuana businesses and create a national road map to support the development of the island’s regulated industry.
A fledgling United Kingdom-based trade group, which represents about 25 companies from Europe and North America, is seeking to allow its members to sell CBD products even though they might be in violation of European Union regulations.
Chinese hypocrisy? In China, marijuana is seen as a dangerous narcotic, and possession is strictly punished. But the country is one of the world’s largest hemp producers.
And three marijuana stocks to consider this week are: Trulieve Cannabis, Village Farms and Medicine Man.