U.S. Territories & Caribbean

Northern Mariana Islands governor signs landmark adult-use cannabis law

A tiny group of islands in the western Pacific took its place in history Friday when the governor signed a bill to legalize recreational marijuana, making it the first U.S. territory to do so. Gov. Ralph D.L.G. Torres of the Northern Mariana Islands (CNMI) signed the bill, passed by the territory’s Congress earlier this year, but not […]

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A year after Hurricane Maria, Puerto Rico’s medical marijuana program back on track

One year after a hurricane devastated the island of Puerto Rico, medical cannabis businesses are reporting a remarkable turnaround from a storm that is believed to have left nearly 3,000 people dead. The U.S. territory’s medical marijuana patient pool is increasing and prices for cannabis flower are leveling off after Hurricane Maria ravaged Puerto Rico’s […]

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PA medical cannabis growers/processors on pace for $5M in sales in first year

Pennsylvania’s medical marijuana sales began in February 2018, and according to the latest tax revenue data, the state’s 12 growers and processors are estimated to have sold slightly more than $1.2 million of medical cannabis through April. Such a pace could mean at least $5 million in sales in the MMJ program’s first year, with four full […]

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‘Global paradigm shift’: International cannabis business opportunities will accelerate

Hours after Constellation Brands announced its marijuana-industry-record investment of 5 billion Canadian  dollars ($3.8 billion) in Canada’s Canopy Growth, experts told cannabis entrepreneurs and investors at MJBizConINT’L in Toronto on Wednesday that global cannabis business opportunities will rapidly accelerate. The move by Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert […]

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Multibillion-dollar marijuana industry takes the stage at MJBizConINT’L

There is no end in sight to business opportunities in the multibillion-dollar international cannabis industry, experts said Tuesday as the inaugural MJBizConINT’L kicked off in Toronto. More than 2,000 marijuana entrepreneurs and investors from 31 countries are gathering for the three-day, international-focused conference to explore strategies that include: Tapping into international investment capital. Building a global cannabis […]

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US territory makes adult-use cannabis legalization breakthrough

(This story has been updated from a previous version, correcting who introduced the bill in the House.) The House of Representatives in the Northern Mariana Islands (CNMI) – a U.S. commonwealth in the Pacific – approved a bill to legalize and regulate cannabis for medical and recreational use. If the bill becomes law, the Islands would […]

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Cole Memo author downplays likelihood of US crackdown on marijuana industry

Attorney General Jeff Sessions’ decision in January to rescind the Cole Memo hasn’t had a big impact on the U.S. cannabis industry, but it could – although the chances are “remote and unlikely.” That was one of the messages delivered Thursday to marijuana entrepreneurs by former Deputy U.S. Attorney General James Cole, the author of the Obama-era policy […]

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Caribbean nations consider paths to legalizing, regulating marijuana

Acknowledging the economic benefits of legalizing cannabis, Caribbean nations are looking toward reviewing marijuana’s status as an illicit drug and moving toward regulating it instead. Heads of state of the Caribbean Community (CARICOM) “have agreed that action should be taken at the national level to review marijuana’s current status with the view of reclassification,” with each country […]

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After decriminalizing cannabis, Antigua preps full legalization

One month after decriminalizing cannabis, the tiny Caribbean nation of Antigua and Barbuda is drafting legislation to legalize recreational and medical marijuana sales. The Misuse of Drugs (Amendment) Act, 2018, published in the Official Gazette on March 5, amends the Misuse of Drugs Act to state that “a person who is in possession of a maximum […]

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Jamaica’s central bank asked to solve cannabis banking issues

Jamaica has asked its central bank to find a solution to banking issues that are tripping up development of the country’s medical cannabis industry. Daryl Vaz, minister without portfolio in the Ministry of Economic Growth and Job Creation, said the government considers medical cannabis a potential catalyst for the country’s struggling economy, the Jamaica Observer […]

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Guam’s medical cannabis program on hold as it awaits testing lab applicants

No one has applied for a license to set up an independent medical marijuana testing laboratory in Guam, nearly two months after Gov. Eddie Calvo signed into law a bill implementing the rules for an MMJ program, a high-ranking official said. According to the Pacific Daily News, the U.S. territory’s medical cannabis program can’t start without a […]

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Puerto Rico medical marijuana market ‘growing exponentially’

One year after legalizing medical cannabis, the number of patients registered in Puerto Rico has surpassed 20,000, signaling that the industry has regained the momentum lost after last year’s devastating hurricane season. The American territory’s MMJ market is now “growing exponentially,” said Secretary of Health Rafael Rodríguez Mercado, and is adding 500 new patients per […]

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