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Ex-Bond Trader Says Brazil Luring CBD Investment as Demand Grows

  • California company expects sales to double there this year
  • Marijuana still a crime in Latin America’s largest economy
Budding marijuana plants
Photographer: Eilon Paz/Bloomberg

A former U.S. bond trader turned medical marijuana evangelist sees cannabis cash starting to flow faster this year in Brazil, where imported CBD is the only legal game in town.

Stuart Titus, chief executive officer of California-based Medical Marijuana Inc., expects sales at the company’s unit in Brazil, to more than double this year.