Afternoon Coffee: Building a National Cannabis Supply Chain, U.S. and Mexico Signal Progress on NAFTA Negotiations

As states continue to legalize marijuana production and recreational consumption, a nascent network of distribution companies is sprouting to connect growers and processors, forming the foundation for a national cannabis supply, The Wall Street Journal reports. While the market is largest in California at the moment, investors are closely watching developments there for potential to scale should pot become legalized at the federal level. 

NAFTA Update 

Mexico and the U.S. are now closer to resolving key issues related to the renegotiation of the North American Free Trade Agreement (NAFTA), and the former country is pushing to finalize a new deal quickly, Reuters reports. At one point Mexican Economy Minister Ildefonso Guajardo told reporters a deal could reached “within hours,” although the tone of both sides has become more cautious since that declaration. Still, after months of deadlock, the sudden shift of tone ultimately signaled new progress in the perpetually extended negotiations.

Brighthouse Selects GEP 

Annuity and life insurance provider Brighthosue Financial announced Thursday it had selected GEP to enable its source-to-pay (S2P) operations, according to a press release. The company cited GEP’s flexibility and industry knowledge as deciding factors in the decision.

"GEP has been a terrific partner throughout this process,” said Meghan Doscher, chief procurement officer at Brighthouse Financial. “We are pleased with the SMART by GEP platform and happy to be sharing this journey with them."

Eurozone Business Activity 

And finally, an economic update: Private sector business activity in the eurozone continued to expand in August, Market Insider reports, but at a weaker rate than most months over the past year-and-a-half. The composite output index rose marginally to 54.4 in August from 54.3 in July, data from IHS Markit showed, slightly below the forecast of 54.5.

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First Voice

  1. Brian Kelly:

    Marijuana consumers deserve and demand equal rights and protections under our laws that are currently afforded to the drinkers of far more dangerous and deadly, yet perfectly legal, widely accepted, endlessly advertised and even glorified as an All-American pastime, alcohol.

    Plain and simple!

    Legalize Nationwide!

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