Puerto Rico medical cannabis legalization has become a legislative reality. On July 9, 2017, Puerto Rico Gov. Ricardo Rosselló Nevares signed the Law to Improve the Study, Development and Research of Cannabis for Innovation, Applicable Norms and Limits, also known as MEDICINAL Law, to regulate medical cannabis on the Caribbean island.
With members of the industrial hemp industry facing unnecessary banking hurdles, several United States Senators have joined forces to urge the Department of Justice not to use funds to punish banks that do business with them.
The North American Marijuana Index, a stock index that tracks the top performing cannabis stocks in the U.S. and Canada, decreased 3% in June as continued losses in Canada closed out the Index’s second worst performing quarter since its inception in January 2015.