Cannabis News Headlines From Around The World

News Americas, NEW YORK, NY, Fri. August 4, 2023: Here are the cannabis headlines making marijuana news globally and in the Caribbean and Latin America this week in less than 60 seconds:

Former Minnesota Gov. Jesse Ventura, a long-time advocate for legalizing recreational marijuana, is reportedly wasting no time now that weed is legal in the Land of 10,000 Lakes. As reported by Marijuana Moment, Ventura is planning to start his own marijuana brand and use his own image and likeness to promote the drug.

Acclaimed Latin American rapper Akapellah has made a groundbreaking entry into the U.S. cannabis market with the release of his own pre-rolled joint brand, Los Porros de Don Pedro. In exclusive conversation with El Planteo, the artist revealed us that these joints are a special collaboration between the Latino-owned delivery service, Yerba de la Buena, and O.B.G., Akapellah’s crew.

Global financial payments processing firm Mastercard has told financial institutions to stop allowing marijuana transactions on its debit cards. This is tough news for an industry already on the fringes of the financial system in the United States. Most banks in the US do not service cannabis companies, as marijuana remains illegal at the federal level, despite several states legalizing its medicinal and recreational use.

Kaya Group, the first medicinal Ganja herb house in the Caribbean has announced a strategic partnership with Silo Wellness Inc. to offer a comprehensive range of incomparable psychedelic wellness experiences and retreats in Jamaica.

The Danish Medicines Agency has announced the European Pharmacopoeia Commission has adopted a new European monograph, which describes quality requirements for the raw material Cannabis flower. The new monograph Cannabis flower will be available in January 2024. The monograph will enter into force several months later, in July 2024.

Canada’s federal government could face legal consequences for failing to facilitate research on potential health issues experienced by cannabis smokers, according to the former chair of the task force that laid the groundwork for recreational legalization in the country. Anne McLellan, a former law professor at the University of Alberta, told The Globe and Mail newspaper the Canadian government could “potentially” face a class action lawsuit.

New York City is now ranked as the top city in the world when it comes to marijuana consumption, according to a recent study. The 2023 Cannabis Global Price Index found that NYC residents consume an average of 62.3 metric tons of weed combined every year. That’s about seven tons more than Sydney, Australia, which came in second place.

And three of the top performing cannabis stocks this week are: are CGC, Canopy Gwth; CRON, Cronos Group and Silver Spike Investment.

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