Category Archives: News

Justin Trudeau speaks about pot pardon process as marijuana legalized in Canada

Canadian Prime Minister Justin Trudeau said Wednesday, Oct. 17, 2018 that the pardon process for people who received sentences for simple marijuana possession would be “simplified” and free. He said legalization was needed because the previous prohibition wasn’t working and more young Canadians were using marijuana illegally. He added when asked if he would use marijuana now that it’s legalized that he has no intention of doing so. For more info, please go to globalnews.ca

Kronic Relief Eyes US $20 Million Ganja Haul

Kronic Relief Jamaica is eyeing March to May of next year to begin reaping cannabis at its Crystal Springs farm, which it expects to yield one metric tonne per week.

But CEO Steven Conville says that that is just the starting point. The company, which says it has seven provisional licences approved by Cannabis Licensing Authority ranging from planting to export is entering the ganja market as a raw material supplier but aims to eventually build itself into a vertically integrated medical cannabis operation, spanning research and development, production, and extraction.

The Crystal Springs property is now being readied for planting, a process that includes clearing land to erect a growing facility, fencing of the property, and mounting cameras as a security measure against praedial thieves.

“We’re doing a hybrid greenhouse structure, and we’ll be able to crank out 50 metric tonnes of cannabis every year, but it will be of a higher quality,” said Conville of the US$20 million investment being made in the project.

The hybrid greenhouses will use light enhancement, LEDs, that come on at dusk, go off at night, back on at early morning, and complementing natural light in overcast conditions.

Kronic Relief projects that the annual 50 metric tonnes of cannabis it produces will generate revenue of US$20 million, according to the CEO. This covers ‘flower only’. Any revenues from further processing would be additional, but no estimate has been done, he said.

Sales will be targeted at Canada, at least in the first instance, since that country will be legalising cannabis for recreational use come October 2018.

Conville say that is in Jamaica’s interest to grow high-quality cannabis to gain a comparative edge over other countries with the capacity to develop bigger fields, including places like Colombia.

As to financing, and the reluctance of the banks to engage, Corville was optimistic that eventually, a more favourable environment would unfold, given the foreign participation in Jamaica’s cannabis market.

“We believe that the top five Canadian commercial producers would not be on the island if they weren’t sure that the Canadian and Jamaican governments would be able to work it out,” Conville said.

Source: The Gleaner

 

Unbelievable! 13 year old owns 11 million dollar business

Jamaica’s Central Bank to Solve Cannabis Bank Issues

Marijuana Business Daily

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 reported.

“The whole issue of banking arrangements, formal banking arrangements, has to be addressed,” he said. Vaz said MMJ companies are excluded from the formal banking sector because of existing laws and banking regulations.

He made the comments at the launch of Kronic Relief Jamaica, a new medical marijuana company that received seven licenses from the Cannabis Licensing Authority.

Henry Lowe, a scientist and cannabis researcher, warned that Jamaica was in danger of “missing a great opportunity” presented by cannabis.

Jamaica passed the “Ganja Law” in 2015, which made possession of 2 ounces or less of cannabis a ticketable offence. The law also legalized possession for medical or therapeutic purposes.

 

Click here for more Kronic Relief Jamaica LTD news 

Jamaican Government Seeks To Help Cannabis Industry – Steven Conville

Jamaica Observer

The Government has asked the Bank of Jamaica to find a solution to the banking difficulties that have been hampering development of the medical cannabis industry.

This development was shared last Wednesday by Daryl Vaz, minister without portfolio in the Ministry of Economic Growth and Job Creation, who said the Administration regards the burgeoning medical therapeutic cannabis industry as “a serious industry for growth in the economy”.

According to Vaz, the exclusion of players in the medical cannabis industry from the formal banking sector was a result of existing laws and banking regulations.

“We, as a Government, realise that to get to the true potential of this industry, which is a gigantic industry, the whole issue of banking arrangements, formal banking arrangements, has to be addressed,” he told guests at the launch of Kronic Relief Jamaica Ltd, the newest entrant to the medical therapeutic industry.

The event, held at Eden Gardens Wellness Resort and Spa on Lady Musgrave Road in Kingston, celebrated the company receiving seven licences from the Cannabis Licensing Authority to begin operating in Jamaica.

Kronic Relief Jamaica was founded by CEO Steven Conville and plans to build a 250,000-square-foot growing and processing facility which, the company said, will employ hundreds of people. Ground for the company will be broken later this year. In an impassioned address, Conville, a naturalised Jamaican who was born in Canada to Jamaican parents, spoke glowingly about his heritage and what led him to invest in the country.

He outlined his vision for the company, the overall local industry and for positing Jamaica as a cannabis-producing leader on the world stage.

In thanking his friend and mentor Dr Henry Lowe, renowned scientist and cannabis researcher, Conville appealed for unity among all stakeholders in realising the potential of this industry.

While agreeing with the assessment regarding the challenges facing the industry, Conville offered some positive insight about the current state of affairs: “We are moving in the right direction, in terms of a national perspective on cannabis including even first world powers such as the United States.”

He said Jamaica should be a major global player for cannabis production going forward, as the island is already perceived as a leader in cannabis production.

In his address Dr Lowe echoed the sentiments regarding the current fetters to the development of the medical cannabis industry and bemoaned the current level of bureaucracy facing the industry.

He warned that Jamaica was in danger of missing a great opportunity presented by cannabis.

Aaron Ali, Kronic Relief Jamaica’s head of horticulture, gave the audience a brief scientific overview of the company’s cannabis-growing practices and how it intends to develop various high-quality products.

The company, in a news release, said that regular updates on its progress will be posted on the KRJ website: kronicreliefjamaica.com.

Real Time Social Media Use. Unbelievable Numbers

One of the biggest uses of mobile devices is for people to go on social media. The development of handy apps allows the user to access their social media account in just one click, with many people having multiple social media accounts on different apps. In a minute, there are on average 7,002.27 active users on Facebook alone, 980,323.85 likes, 50,723.20 shares, and 66,719 photo tags. Twitter has 7,446.34 active users and 279.51 tweets. Instagram has 7,002.27 active users with 175,057.36 photos uploaded every single minute.

These statistics give just a brief insight to the amount of time people spend on their mobile phones and a number of uses that they find for a mobile device. As technology develops, it is likely that the uses of a mobile device will continue to increase. For a more detailed insight into mobile usage in real time, head over to the infographic created by PlayMobi.

Are Tourists and Athletes Safe from Zika During Rio Olympics?

Current Scenario

2016 Olympics will be held in the Rio De Janerio although athletes, officials, and visitors are more concerned about the zika virus. But the government health agencies have claimed that the risk of infection is negligible. The government is daily monitoring the Zika virus scenario so that none of the players and tourists won’t get affected.

World Health Organization has shown green flag to 2016 Rio Olympics and has mentioned that outsider of Brazil won’t get affected by the Zika Virus. But officials have also suggested that if visitors don’t take proper protection then, they might get affected by various flu and food poisoning. Olympic health official has also suggested that due to dry and cold weather combination in Rio has caused a major reduction of mosquito-borne disease such as Zika, Dengue, Chikungunya, etc.

What is the Zika?

Zika is a mosquito-borne illness, and it has originated from Zika Forest of Uganda. This disease causes mild symptoms lasting for 2 – 7 days, and vaccines can’t cure its illness. Zika mostly affects pregnant woman where fetus get damaged causing brain malformation and various other defects. Apart from a mosquito bite, it can also spread through sexual transmission. The doctors have asked Zika affected patient to take rest and dring water as much as possible although there isn’t any proper medical solution. This virus is currently circulating in some parts of Africa and Asia although the rate of infection is very low.  

Various Reports

Various health organization has indicated that chance of getting Zika disease is almost negligible although they also mentioned that visitors might face many gastrointestinal problems which currently have moderate risk tag. The high-risk label has been given to Influenza because that is the season for flu in Brazil. US government has asked pregnant women to restrict their travel in Brazil although by following some simple precautions can give them the freedom to attain Olympics.  

Many health specialists also mentioned that there is less chance that tourist would export this virus to other countries as people of affected country has already developed antibodies that prevent the virus. However, a study has suggested that the virus might infect 1.65 million pregnant women residing in South and Central America.  

Centers for Disease Control and Prevention have asked the tourist and athletes to follow some regulations like avoiding contaminated food, using insect repellent while traveling, avoiding areas with contaminated water, etc.  

Aftermath of Failed Turkey Coup

Turkey continues to relieve the wounds of the coup that was meant to dethrone the sitting president Recep Tayyip Erdogan. The coup which lasted from Friday 15th July, at 9p.m to Saturday 16th July at around 8 a.m. took a rather dramatic turn of events that saw the soldiers on board the tankers located at the Bosphorus Bridge replaced by the anti-coup protesters. Chances of the coup being succeeful were minimised by the Turkish citizens who at the very hour of crisis turned out in large numbers as a show of their loyalty to President Erdogan. These same protestors, in collaboration with the country’s police men helped bring to order a falling nation with the soldiers who took part in the attempted coup being brought to custody to face the law. There was a scene captured at a television station where the revolting soldiers attempted to take control over the station only to be intercepted by policemen who took to arresting them all.
President Erdogan was a rather bitter man after the occurrence where quite a good number of citizens innocently lost their lives. In just a short span of time, 294 civilians had succumbed to death with 47 of them being from Istanbul and other parts of the country. the citizens lost their lives in a number of instances involving shootings on the ground and from a helicopter, and quite a good number of them was ran over by the tankers . The re-introduction of the death penalty was amongst the options he had in mind to deal with the 6000 rebelling soldiers.

The coup has however raised a number of reactions from the civilians who perceived it as rather theatrics meant to rouse the sympathy of the people towards the stranding president. Quite remarkably, most amenities were still under constant provision, a fact which raises some justified questions. The internet was still up and barely any power shortages were experienced in the 11 hour period. The drama was extended to the moment in which the soldiers finally got to surrender to the anti-coup demonstrators backed up by the loyalist troops. The soldiers abandoned their tankers and trucks in a rather shameful exchange of the short-lived power. The civilians took to enjoying the limited time to board the tankers and trucks and broke into chants meant to show their solidarity against the attempted coup. There were those who boarded their vehicles and drove around celebrating how they had successfully quelled the oncoming crisis.

To the civilians, a repeat of the 30 year period between 1967 and 1997 is one they would not like to have reoccurring. With the scars still borne by the coups that ousted four government from power, most swore to give up their lives fighting for their country’s political stability. Quite surprisingly, the opposition government also came up strongly in the support of President Erdogan, a fact that leaves the coup as amongst the most shameful and failed coups in history. What’s more? The Turkish citizens also stand in support of the death penalty as a vivid punishment meant to prevent the reoccurrence of another coup.

The Effect of Brexit on the Global markets

The global markets fallout from the Brexit strengthened on Monday resulting in a battering of the global shares, which also gave rise to the prospect of a weaker global growth and period of low interest rates as well.

The Brexit or the British Exit from the European Union may spell a great change for the whole nation. The people of Britain recently voted that Britain should leave the European Union in a referendum on the 23rd June. This resulted in the reduction of pound to a lowest level since 1985 as David Cameron also resigned as Prime Minister of Britain. The main leader of Brexit, Boris Johnson also dropped out of the Tory leadership contest after Michael Gove removed his support. The Brexit vote has also called for a second Scottish independence referendum because the majority of the Scotts voted to be within the European Union .Ireland and Northern Ireland is also trying to unite itself.

The Brexitt referendum result was known to be seminal event and was forecasted to lead to a stable and less predictable policy framework in the UK. Now what would happen after Britain has voted to leave the EU? Brexit and global markets would definitely be affected. Brexit means a lot for the economy of the nation. The victory of the Brexit also sent out economic shock waves all throughout the global markets as well as the stocks in the UK which had a steady decline on Friday. The pound also fell to its lowest level. Britain has also lost its top AAA credit rating. There is uncertainty about what would happen next when Britain leaves the EU because it would then again have to make new and revised trade agreements with all the rest of the world. The market would face economic volatility; however, people are well prepared for the same.

The people who support Brexit has a point that European Union countries have enticement to continue trade with the UK as it is one of the largest importer of goods and services. EU, however feels that the foreign companies will not be likely to invest here and they also have a chance of relocating their headquarters if Britain loses its clutch to EU market. It is also felt that Brexit would allow Britain to take back the control, of all its borders in order to restrict immigration and also increase the security of the region.