Jamaica’s cannabis gamble

Malaysia News News

Jamaica’s cannabis gamble
Malaysia Latest News,Malaysia Headlines
  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 92%

If Jamaica is seen to be flouting the United States' drug laws, it could risk losing access to American dollars

children catch a cold, mothers rub cannabis oil on their chests. Rastafarians smoke cannabis as a religious custom. Some believe that it grew on King Solomon’s tomb. Encouraged by the tropical climate, cannabis grows in many household gardens.

The island has become a magnet for marijuana merchants. In September Aphria, one of three “golden boys” of Canadian weed, bought a 49% stake in a grower in Jamaica with 22 employees as part of a C$300m deal that included properties in Argentina and Colombia. In the same month, Jamaica-based Timeless Herbal Care exported the island’s first shipment of cannabis oil, to Canada. In February Jacana, a grower, said it had completed the first export of ganja flower, the most potent part of the plant .

Exports—the big prize, says Mr Shaw— face extra hurdles. Health officials in Jamaica and the importing country have to approve each supply agreement. So far, just a few countries have issued permits. The United States government still prohibits imports of all but one cannabis-derived medicine .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheEconomist /  🏆 6. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Procter & Gamble puts digital ad platforms like Facebook and Google on noticeProcter & Gamble puts digital ad platforms like Facebook and Google on noticeProcter & Gamble Co., one of the most important advertisers for Google and Facebook Inc., ramped up criticism of internet platforms, saying the problems plaguing the industry aren’t getting fixed fast enough.
Read more »

JetBlue's London Strategy Is A Huge Gamble That's Really Not All That Much About LondonJetBlue's London Strategy Is A Huge Gamble That's Really Not All That Much About LondonJetBlue may never earn a dime’s worth of profit directly from its announced new routes to Europe. Here's why the gambit could still pay off.
Read more »

As players sue the AAF, the league’s sports gambling app could take center stageAs players sue the AAF, the league’s sports gambling app could take center stageThe league folded April 2, but not before beginning to develop a proprietary gaming app.
Read more »

Inability To Ship Across State Lines Hurts Cannabis Businesses, Especially Small OperatorsInability To Ship Across State Lines Hurts Cannabis Businesses, Especially Small OperatorsThe inability of cannabis businesses to move products across state lines because of federal illegality is extremely burdensome on all cannabis businesses, but it's especially problematic for the small mom-and-pop operators that are not well capitalized and don't have access to banking services.
Read more »

Regular cannabis users need 220% more sedatives for medical procedures than nonusersRegular cannabis users need 220% more sedatives for medical procedures than nonusers“The study opens our eyes to the hidden effects of cannabis,' said the lead author of a new study.
Read more »

New Study Suggests Cannabis May Be Effective For Rheumatoid Arthritis, And Why It May Not MatterNew Study Suggests Cannabis May Be Effective For Rheumatoid Arthritis, And Why It May Not MatterWhile scientists explore cannabis as a potential treatment for rheumatoid arthritis, millions are already using it for that purpose. Family physician and cannabis specialist, Dr. Benjamin Caplan, describes his experience treating patients for RA with MMJ in a broken medical system.
Read more »

Aurora Cannabis to buy the Hempco Food and Fiber shares it doesn't own for 14% premiumAurora Cannabis to buy the Hempco Food and Fiber shares it doesn't own for 14% premiumCanada-based Aurora Cannabis Inc. announced Tuesday an agreement to buy the Hempco Food and Fiber Inc. shares it doesn't already own in a deal that values Hempco at C$63.4 million ($47.4 million). Aurora's U.S.-listed shares rose 0.7% in premarket trade, after falling 4.2% on Monday to close at a 1-month low. Under terms of the deal, Aurora will pay C$1.04 for each of the 48% of Hempco shares outstanding that it doesn't own, which is 14% above Monday's closing price. "This transaction will enable us to fully integrate Hempco and its new Nisku processing facility into Aurora's global hemp operations including Agropro, Borela and ICC," said Aurora Chief Executive Terry Booth. "Our goal is to strengthen our CBD-from-hemp supply chain as well as our hemp business of hemp-based superfoods, nutraceuticals and fibers." Aurora's stock has run up 71.6% year to date through Monday, while Hempco shares have lost 13.3%, the ETFMG Alternative Harvest ETF has rallied 35.9% and the S&P 500 has gained 15.9%.
Read more »

Cannabis stocks rally after 3 surveys find Americans increasingly favor legalizationCannabis stocks rally after 3 surveys find Americans increasingly favor legalizationCannabis stocks rose across the board on Tuesday, as three separate surveys found Americans are increasingly in favor of legalization, demonstrating a major...
Read more »

Cannabis users needed up to twice the sedation for medical procedures, small study saysCannabis users needed up to twice the sedation for medical procedures, small study saysPeople who regularly use cannabis may need two times the level of sedation required by nonusers when undergoing medical procedures, a study finds
Read more »

Cannabis stocks led down by Aphria as quarterly loss overshadows revenue surgeCannabis stocks led down by Aphria as quarterly loss overshadows revenue surgeCannabis stocks were mostly lower Monday, led down by Aphria Inc. after it swung to a wide loss in the third quarter that overshadowed a surge in revenue.
Read more »

Drink Up: The Next Frontier In Cannabis Is BeveragesDrink Up: The Next Frontier In Cannabis Is BeveragesCannabis drinks are already big business, and they’re growing fast.
Read more »



Render Time: 2025-02-26 02:47:25