News Americas, NEW YORK, NY, Fri. NOV. 8, 2019: Here are the marijuana headlines making news globally and in the Caribbean and Latin America for the week-ending Nov. 8, 2019:
The number of celebrities speaking out and endorsing the potential benefits of CBD and cannabis is growing. They include Actors Morgan Freeman, Seth Rogen and Tom Hanks and Sir Patrick Stewart as well as Actress Whoopi Goldberg.
Cannabis industry capital investment hit $10.4 billion through week 40 – a 40% increase over 2018 according to the 2019 Marijuana Business Factbook.
At least half a dozen large marijuana companies recently announced layoffs, perhaps suggesting there’s financial trouble surrounding the marijuana industry.
Jamaican regulators want to substantially reduce the amount of time it takes entrepreneurs to get a cannabis business license, but banking remains the biggest hurdle to the fledgling industry’s growth.
Mexico’s Supreme Court gave Congress another six months to approve legislation that legalizes all forms of cannabis. That means they now have until April 2020.
American financial services firm, Cantor Fitzgerald, says Canadian cannabis stocks have hit a bottom. the news comes as Barrie, an Ontario-based cannabis extraction company MediPharm Labs has applied to list its shares on the Nasdaq.
The global medical marijuana market is predicted to reach over USD 54.6 million between 2015-2023, a new report claims.
And three marijuana stocks to consider this week are: Cresco Labs, Origin House and Tilray.