3 Cannabis industry headlines you need to know

The cannabis sector was under pressure yesterday and we have been monitoring the recent decline.

Over the last few weeks, the Canadian cannabis sector has been under considerable pressure and this is a trend that investors need to keep an eye on.

Although companies have been reporting significant developments, the sector has been trending lower and this has put pressure on even the best run businesses. Today, we highlighted 3 company announcements that we think investors need to be aware of.


Is Cannabis an exporting opportunity for Jamaica?

A couple of years ago, the previous government of Jamaica passed a law decriminalizing carrying up to two ounces of marijuana for personal use.

The current government wants to go well beyond that, not necessarily to encourage its people to get stoned, but to develop, in the words of one official, “a major industrial enterprise in Jamaica.”

Audley Shaw, Jamaica’s minister of commerce, industry, agriculture, and fisheries (Image: Peter Buxbaum)

Ganja has suffered from a stigma, especially among those who would discourage the use of psychoactive substances, but, said Jamaica’s minister of commerce, industry, agriculture, and fisheries Audley Shaw, “it has more good qualities than bad.”


Jamaican government official says marijuana is a 'birthright'

Many people know about the connection between Jamaica and marijuana, but now one government official is ardently making the case that cannabis is important for his people, writes Joseph Misulonas.


Jamaica: Gov't moving apace to develop medical marijuana industry

Jamaican Minister Audley Shaw said, "time is not on our side" when referring to the country's efforts in boosting its marijuana industry.

Audley Shaw, Jamaica's Minister of Industry, Commerce, Agriculture, and Fisheries vowed Thursday to waste no more time in guaranteeing benefits from the ever-expanding global medical cannabis or medical marijuana industry.

“Time is not on our side,” he stressed while addressing the Agricultural Technology Symposium, which was convened under the theme 'Sustained Growth in the Agriculture Sector with Science and Technology Engineering.'

The event was hosted at the Isratech Jamaica Limited Group of Companies in Jamaica's Manchester Parish and saw the participation of the Jamaica Institute of Engineers.


These are the top 4 marijuana stocks with international expansion plans

As cannabis legalization spreads across the North American continent, industry insiders and pot stock investors alike look to diversify their portfolios in the global marijuana trade. With Canada on track to become the first G7 nation to legalize both recreational and medical cannabis nationally, overcrowding in the market is becoming an issue for stakeholders on all sides. It’s the reason why cannabis companies are starting to look for more opportunities internationally. These are the top four marijuana stocks with international expansion plans:


Laying down the law with cannabis

Cannabis, known locally as ganja, originated as a remedial herb and gained prominence in ancient medicine for centuries. Despite its extensive history, for decades it has been classified as a dangerous drug in the eyes of international regulatory bodies and legislation.

This includes the United Nations (UN) and World Health Organization (WHO), where cannabis is characterised as a narcotic drug in the three major drug control conventions:

• The Single Convention on Narcotic Drugs of 1961

• The Convention on Psychotropic Substances of 1971

• The United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances of 1988.


Rare Jamaican cannabis strains seeding a medical marijuana takeover in Canada

Toronto-based Jamaican Medical Cannabis Collective has signed contracts to provide Jamaican cannabis to three Canadian LPs and letters of intent to supply seven more.

Lift & Co., “Canada’s medical marijuana marketplace,” held its biggest expo in Toronto from May 25 to 27, welcoming almost 20,000 people to the Metro Toronto Convention Centre, which was surrounded by a slight haze during the three days devoted to cannabis education, product placement and trend-watching.

Billing itself as the last before legalization, the event was filled with companies poised to hit the new recreational pot market when it finally comes to Canada. Their booths took up two levels of the convention floor.


Ministry of Health establishes medicinal cannabis unit in Jamaica

THE Ministry of Health has established a Medicinal Cannabis Unit (MCU) as part of measures to facilitate the medical marijuana industry's development in Jamaica.

This was disclosed in a Ministry Paper tabled by Portfolio Minister Dr Christopher Tufton in the House of Representatives on June 5.

To date, the MCU has registered approximately 61 medicinal cannabis products, manufactured locally and overseas.

The Ministry Paper informed that permits for locally manufactured products must be obtained from the Cannabis Licensing Authority and Pharmacy Council.

It added that without the permits, companies supplying registered products have no choice but to import these for local distribution.


Toker travels: How to buy marijuana legally in Jamaica

Depending on whom you ask, Red Stripe, Rum and Reggae are the main reasons to take a trip to Jamaica. But what they might not tell you, at least not where would-be saboteurs might be eavesdropping on the conversation, is that the best excuse to head down to the Caribbean island nation is to get your hands on some of what the natives refer to as the Ganja.


Jamaica working to create banking solution for medical marijuana industry

The Jamaican government is proactively trying to avoid the banking problems that canna-businesses in the U.S. and Uruguay have faced.

After a century of prohibition, Jamaica legalized the cultivation, sale, and use of cannabis for medical purposes in 2015. The medical marijuana industry has been slowly ramping upover the last several years, and in February, Jamaican farmers harvested the first crop of ganja legally grown in the country since the plant was criminalized over 100 years ago.


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