Cannabis Industry News

News Americas, NEW YORK, NY, Thurs. Nov. 9, 2023: Here are the cannabis headlines making marijuana industry news globally and in the Caribbean and Latin America this week in less than 60 seconds:

House Speaker, Conservative Republican Mike Johnson’s ‘adopted’ 40-year-old son Michael Tirrell James in court on charges of running illegal cannabis business and possession of brass knuckles – as it’s revealed rap sheet goes back to 2003, according to the UK Guardian.

Scientists have found cannabidiol, a compound in cannabis known as CBD, in a very common plant in Brazil, which further opens new avenues for producing the popular substance through other sources. Cannabidiol was found by a team of scientists in the flowers and fruits of a plant called Trema micrantha blume, which is a shrub that grows across much of the South American country and is often identified as weed, said Federal University of Rio de Janeiro’s molecular biologist Rodrigo Moura Neto, while speaking to AFP.

Voters in the US state of Ohio have passed Issue 2, a proposal to legalize recreational marijuana use in state. The passage will make Ohio the 24th state to legalize recreational marijuana use.

Calgary, Alberta, Canada-based cannabis producer Ogen has closed its doors, an executive announced, making the company the latest casualty in Canada’s cutthroat marijuana industry.

Agrify Corp. says the Nasdaq stock exchange has extended a stay on suspending the marijuana technology company’s listing until after a formal hearing. That stay “will be extended until a hearing before the panel and issuance of a final panel decision,” Agrify said

Recent studies indicate that regular marijuana use may increase the risk of heart failure, stroke, and heart attack. Researchers found that daily marijuana users had a 34% increased risk of developing heart failure, with coronary artery disease being a likely pathway.

Guyana police discovered and destroyed 30 pounds of Cannabis seeds and approximately 58,000 Cannabis Sativa trees that were planted on 10 acres of land in Berbice, Guyana this week.