The Week In Cannabis: Marijuana Stocks Continue To Beat The S&P, Brazil And Lebanon Move Forward, And More

By Javier Hasse

The week of 4/20 came with no shortage of news. We saw a long list of online events to celebrate the international day of weed, while Los Angeles got its first cannabis and food drive-thru and Brazil authorized the production of its first cannabis-containing phytopharmaceutical product.

In the Middle East, Lebanon became the first country to authorize the production of medical cannabis. Australia issued its framework for regulating the free sale of CBD products. In Colombia, Clever Leaves closed a joint agreement with a subsidiary of Canopy Growth Corp (TSX: WEED) CGC 9.1% to enroll in a regional supply deal that will last at least one year, while Avicanna AVCNF 2.68% closed a private placement deal led by Chinese pharma giant Tasly. It’s important to note that both companies mentioned above are domiciled in Canada, despite conducting business in Colombia.

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