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Three types of marijuana to hit Uruguayan pharmacies in 2016

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Three types of marijuana to hit Uruguayan pharmacies in 2016
Phuket Gazette / Reuters


PHUKET: Uruguayans will be able to choose from three varieties of state-sanctioned cannabis when marijuana starts being sold in pharmacies in the small South American country next year, the National Drug Board said Saturday.

Each variety will have different levels of the mind-altering compound tetrahydrocannabinol (THC) and cannabidiol (CBD), believed to soften the impacts of THC, said the board’s president, Milton Romani.

“There will be three options with indications about the effects of each that point beginners toward starting with the lowest level” of THC, Romani told Reuters on the sidelines of the marijuana forum Expocannabis 2015.

Romani declined to specify the names of the three varieties.

Uruguay became the first country to legalize the cultivation and distribution of marijuana in late 2013, aiming to wrest control of the trade from gangs while regulating and taxing its consumption.

Authorities have developed traceable, genetically-distinct plants to ensure they do not leave Uruguay’s borders or end up on the black market, Romani said.

The government estimates registered marijuana users will be able to buy the drug from pharmacies in mid-2016, when the country’s two licensed producers start selling their first commercial load of about four tonnes.

Marijuana will be sold in Uruguay at about $1 per gram, with locals allowed to buy up to 40 grams per month.

Uruguay’s pioneering marijuana law has drawn world attention at a time when policymakers are debating whether strict anti-drug laws are effective.

Last month Mexican President Enrique Pena Nieto said he would open a national debate to review the country’s marijuana laws following a landmark court ruling.

Uruguay has granted marijuana-growing licenses to two companies and so far registered 3,200 people who can grow up to six plants for personal use.

Authorities are also working with companies interested in exploring the possibility of exporting medical marijuana to the United States and Europe.

But the government has struggled to meet some of its own deadlines for implementing the legislation passed two years ago.

“We want to do things right, and if takes a bit longer, so be it,” Romani said. “We have to be very careful with this because any slip-up could ruin an experience that is unique in the world.”

— Phuket Gazette Editors

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Weather

This year’s most powerful typhoon will hit Philippines tomorrow

The Thaiger

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This year’s most powerful typhoon will hit Philippines tomorrow | The Thaiger

Typhoon Goni continues to bear down on The Philippines in one of the South China Sea’s busiest storm years. 220,000 people have now been evacuated as of today.The typhoon, packing “destructive winds’, is expected to reach the south-east of the Philippine’s main island of Luzon tomorrow morning with the eye of the storm passing over during Sunday afternoon. Forecasters are expecting wind speeds of over 200 kilometres per hour.

Typhoon Goni is known locally as “Rolly”.

A warning has been issued “moderate to high risk” of storm surges up to 3 metres high along the east coast over the next 2 days.

On Wednesday this week Typhoon Molave smashed into Vietnam’s central coast, killing up to 35 people and flooding low-lying villages and then dropping heavy rain on southern Laos and Central Thailand. Molave killed 20 people as it passed over The Philippines.
This year's most powerful typhoon will hit Philippines tomorrow | News by The Thaiger
GRAPHIC: Typhoon Goni will reach Philippine’s island of Luzon tomorrow.

Schools are being used as emergency shelters as well as government-co-ordinated evacuation centres and gymnasiums. Authorities are ramping up preparations in the Bicol region southeast of Philippine capital Manila, readying rescue vehicles, emergency response teams and relief goods ahead of the storm.

The Philippines averages around 20 storms and typhoons every year, wiping out harvests, infrastructure and homes. The deadliest storm on record for The Philippines was Typhoon Haiyan, which dumped huge wave surges on the central city of Tacloban killing over 7,300 people in 2013.

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Economy

Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down

The Thaiger

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Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down | The Thaiger

US stocks closed lower yesterday to end an ugly week downbeat with ‘uncertainty’ remaining the overwhelming sentiment. Tech stocks led the march downwards. The Dow Jones Industrial Average dropped in its biggest monthly collapse since March with investors reacting to rising Covid-19 cases in the US and Europe, peppered by nervousness ahead of next Tuesday’s US presidential election. The increased volatility forced all three major indexes seeing their biggest weekly declines since the worst of the coronavirus-inspired selloff 8 months ago.

The Dow fell around 157 points, to end near 26,502, according to preliminary figures, while the S&P 500 lost around 40 points, or 1.2%, to finish near 3,270. The Nasdaq Composite gave up around 274 points, or 2.4%, closing near 10,912. The Dow had a 6.5% weekly fall and a 4.6% monthly drop. Friday’s decline saw the Nasdaq negative for the month of October, falling 2.3%. The Nasdaq was down 5.5% for the week.

The Dow dropped more than 500 points at its session low with tech stocks – primarily Apple, Amazon, Alphabet and Facebook – leading the market decline.

A number of stocks were on the move, down, following a slew of earnings, including from the tech giants. Twitter sank more than 20% on slowing growth, while Exxon reported its 3rd straight quarter of losses.

Key moments yesterday…

  • Dow closed down 0.59% for its 5th negative day out of 6
  • S&P 500 closed down 1.21% for its 4th negative day in 5
  • Dow closed down 6.47% this week for its worst week since March 20
  • S&P closed down 5.64% this week for its worst week since March 20 when the S&P lost 14.98%
  • S&P closed down 2.77% this month for its second-straight negative month
  • Nasdaq closed down 5.51% this week for its worst week since March 20 when the Nasdaq lost 12.64%

Dow and S&P 500 take a breath after an ugly week, tech stocks lead the way down | News by The Thaiger

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Tourism

From tourist heroes to zero – how the world’s former tourist magnets are coping

The Thaiger & The Nation

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From tourist heroes to zero – how the world’s former tourist magnets are coping | The Thaiger

If over-tourism became the buzzword in the travel industry in 2019, the opposite applies in 2020 when most of the world’s most popular tourist magnets are now facing a genuine economic crisis, forced on them by government closures and a risk-averse travel public, most of whom are prevented from travel beyond their own borders. We visit Dubrovnik, Santorini, Ibiza, Barcelona, Venice, Bali and Phuket.

Despite the perils of overtourism, and all sorts of plans to limit the rising foot-traffic, nothing could have prepared these bucket list locations for the challenge they now face. Travel bans, quarantines and nationwide lockdowns are forcing travellers to stay home and face their own domestic economic issues.

Travel is a long way down the list now for much of the world’s middle class who made up the vast majority of global travellers. More than most industries, Covid-19 has brought the world’s travel industry to its knees.

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