Record High Cocoa Prices Wreak Havoc for Chocolate Makers
Cocoa prices have reached a record high as West African growers are hit by the effects of El Niño, causing concerns about potential shortages and impacting the global cocoa market.
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Cocoa prices have reached a record high as West African growers are hit by the effects of El Niño, causing concerns about potential shortages and impacting the global cocoa market.

New York State becomes the first in the nation to permit the sale of cannabis at state and locally authorized venues, with a showcase of cannabis growers taking place alongside the State Fair.

The Alabama Medical Cannabis Commission has granted licenses to 21 companies out of 90 applicants for medical marijuana businesses, including growers, processors, and dispensaries. The commission could award up to 12 cultivator licenses, four processor licenses, four dispensary licenses, five integrated facility licenses, and an unspecified number of secure transport and state testing laboratory licenses. Physicians may begin the certification process to recommend medical cannabis after business licenses have been issued. The commission intends to open a second offering of licenses for cultivators, secure transporters, and state testing laboratories.

Ranchers and growers in Florida are struggling as the state experiences a deepening drought, with some areas receiving less than half of their normal rainfall. The dry conditions are affecting crops and livestock, and experts warn that climate change is exacerbating the situation.