U.S. Territories & Caribbean Cannabis Industry & Marijuana Business News

First medicinal cannabis licenses awarded in St. Vincent and the Grenadines 

Local and international businesses in the southern Caribbean nation of St. Vincent and the Grenadines scooped up the islands’ first-ever licenses to cultivate commercial medical cannabis, the nation’s marijuana regulator announced. Hundreds more are in the pipeline, demonstrating significant interest in the new industry there and across the Caribbean. Ten companies with board members from […]

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Ex-Chicago Tribune publisher joins Illinois cannabis firm

A former publisher of the Chicago Tribune joined Illinois-based cannabis company Revolution Enterprises, part of a growing parade of C-suite officers from major companies plunging into the marijuana industry. Revolution, a multistate cannabis company based in suburban Chicago, announced Wednesday it had tapped Tony Hunter, who spent 20 years with the Chicago Tribune, to help […]

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Cannabis company Vireo Health expands into Puerto Rico

Vireo Health, a Minneapolis-based multistate marijuana operator, said it is expanding into Puerto Rico, the company’s 11th state or territory of cannabis operations. Vireo will have the opportunity in Puerto Rico to run a cultivation and processing facility plus up to six dispensaries on the island. Christian Gonzalez, a native of the territory who has […]

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Here’s why nobody is happy with the current state of the Los Angeles marijuana industry

Los Angeles marijuana czar Cat Packer did an impromptu Oprah Winfrey impersonation during an appearance at a Mendocino County retreat earlier this month when asked what she’d do with an unlimited budget and staff. “Everyone would get licenses!” the director of the Los Angeles Department of Cannabis Regulation said with a smile, spurring the audience to […]

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Federal agents return $250K seized from licensed CA marijuana distributor

The federal government has given back $257,733 that was seized by law enforcement officers from a licensed California cannabis distributor last fall. It’s a big legal win for state-authorized cannabis companies, an attorney in the case said Wednesday. Humboldt County-based Wild Rivers Transport filed suit in San Francisco County Superior Court in December after two […]

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CA marijuana regulators, L.A. officials launch 4/20 push backing legal retailers

As part of a broader campaign by state officials to help bolster the legal cannabis market while clamping down on illicit businesses, the California Bureau of Cannabis Control (BCC) rolled out a new public relations campaign asking consumers to “get weed wise.” The effort advises consumers why they should aim to purchase MJ products from […]

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Three executives resign from marijuana firm MedMen

California-based cannabis retailer MedMen is undergoing another round of executive turnover at the top levels of the company, and the most recent losses include the chief operating officer, general counsel and company spokesman. Chief Operating Officer Ben Cook and general counsel Lisa Sergi resigned, MedMen announced in a news release. Sergi also served as a member […]

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Governor of US territory Guam signs recreational marijuana bill into law

Guam Gov. Lou Leon Guerrero signed the Cannabis Industry Act into law Thursday, clearing the final legislative hurdle for the creation of a new industry for entrepreneurs on the Western Pacific U.S. island. The law will regulate the consumption, sale and production of adult-use cannabis. The nearby Northern Mariana Islands, another U.S. territory, approved a regulated recreational […]

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Guam’s Senate approves legal foundation for adult-use cannabis industry

The Western Pacific island of Guam is set to become the second American territory to create a recreational marijuana industry, pending only the approval of Gov. Lou Leon Guerrero. The neighboring Northern Mariana Islands approved creation of an adult-use cannabis market last year. Guam’s law will regulate the use, production, sale and taxation of cannabis while also […]

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Another Caribbean nation to legalize medical cannabis, decriminalize adult use

After 15 months of public consultation, Saint Kitts and Nevis is ready to follow regional neighbors in developing a medical cannabis industry. In a statement to the National Assembly, Prime Minister Timothy Harris said the government will present necessary bills to facilitate the country’s new public policy direction on cannabis. The move comes after his […]

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Puerto Rico medical marijuana companies now without banking option

Puerto Rico’s medical marijuana companies have lost their only banking solution, forcing them to conduct business in cash. Tu Coop, an in-state credit union, had been providing banking to MMJ firms as part of the cooperative sector, which is regulated by local authorities, Caribbean Business reported. Israel Menchaca, executive director of Tu Coop, was unavailable […]

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