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Jamaica is running low on ganja. Heavy rains followed by an extended drought, an increase in local consumption and a drop in the number of marijuana farmers have caused a shortage in the island’s famed but largely illegal market that experts say is the worst they have seen. “It’s a cultural embarrassment,” said Triston Thompson, chief opportunity explorer for Tacaya, a consulting and brokerage firm for the country’s fledgling legal cannabis industry. Jamaica, which foreigners have long associated with pot, reggae and Rastafarians, authorised a regulated medical marijuana industry and decriminalised small amounts of weed in 2015. People caught with 2oz or less of cannabis are supposed to pay a small fine and face no arrest or criminal record. The island also allows individuals to cultivate up to five plants, and Rastafarians are legally allowed to smoke ganja for sacramental purposes. ....
Jamaica is running low on ganja. Heavy rains followed by an extended drought, an increase in local consumption and a drop in the number of marijuana farmers have caused a shortage in the island’s famed but largely illegal market that experts say is the worst they have seen. “It’s a cultural embarrassment,” said Triston Thompson, chief opportunity explorer for Tacaya, a consulting and brokerage firm for the country’s fledgling legal cannabis industry. Jamaica, which foreigners have long associated with pot, reggae and Rastafarians, authorised a regulated medical marijuana industry and decriminalised small amounts of weed in 2015. People caught with 2oz or less of cannabis are supposed to pay a small fine and face no arrest or criminal record. The island also allows individuals to cultivate up to five plants, and Rastafarians are legally allowed to smoke ganja for sacramental purposes. ....
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Cannabis and the Empire State Last Updated: 02/10/2021 2:48 pm Marijuana flower at Etain s growing facility in Chestertown. Currently licensed in New York to grow and sell medical marijuana, Etain is well positioned to enter the recreational cannabis market. Persistence pays off in politics, and as Governor Cuomo prepares to present a recreational cannabis bill in the upcoming legislative session for the third time in his tenure, the feeling in Albany is that it will happen this time around. Approximately 1.3 million people across the state consume THC-based products (the stuff that gets you high think Cheech and Chong; big, stinky buds). A poll conducted by Spectrum News of Albany and IPSOS Global in October found that 61 percent of respondents favored the legalization of recreational cannabis. In 2018, residents of New York City consumed an estimated 77 tons of cannabis flowe ....
Share this article Share this article ResearchAndMarkets.com s offering. The global cannabis cultivation market size is expected to reach USD 358.8 billion by 2027, expanding at a CAGR of 14.3% from 2020 to 2027. Growing legalization and adoption of cannabis for the treatment of chronic diseases is positively impacting the market growth. Furthermore, the liberalization of laws related to hemp and marijuana by various countries is further bolstering revenue growth over the forecast period. Based on biomass, the hemp segment dominated the market in 2019. Factors contributing to increase in demand include increasing adoption of hemp and derived products and its growing acceptance among the users due to its low THC content. It is mainly used by people who intend to reap the medical benefits of the plant without getting intoxicated. In addition, positive government reforms regarding the utilization of hemp in many countries is further propelling the market growth. ....