A potential obstacle blocking development of the industrial hemp industry was removed Tuesday when banking regulators confirmed the legitimate legal status of low-THC cannabis.
The move comes almost a year after Congress formally lifted stringent controls on the non-psychoactive variant of the hemp plant.
The medical market for pot could become a casualty of the growing movement to legalize recreational marijuana. With legalized recreational products commanding higher prices, the supply of medical marijuana could take a hit – and that could be bad news for investors banking on the segment's growth.
Pasadena is asking a judge to erase a controversial ballot initiative from next year’s ballot. And it’s doing so by suing its own officials.
Yes, this is highly unusual. No, the city’s isn’t blaming its employees for the proposed measure which, officials have said, would subvert the city’s marijuana laws to legalize currently illegal cannabis stores.
An historic House bill to decriminalize marijuana is moving in Congress with support from both Democrats and Republicans —legislation that would have a dramatic impact on people convicted of using or possessing the drug.
The bill, approved by the House Judiciary Committee last month on a vote that attracted both Democratic and Republican support, would allow marijuana convictions to be erased while allocating federal funds to help people whose lives were profoundly affected.
Marijuana is strictly prohibited in Virginia. All forms of marijuana are illegal in the state. Yet, recreational cannabis sales went live in Michigan on Sunday. To know more about this, read Recreational Marijuana Sales Go Live in Michigan. Furthermore, Illinois will legalize marijuana on January 1, 2020. While the other states are pushing for legalization, let’s see what steps Virginia is taking.
What actions is Virginia taking for legalization?
Brazil has become the third Latin American country to regulate the sale of medical marijuana after Uruguay and Colombia. Mexico could soon follow the trend.
ST. LOUIS (AP) — Interest in medical marijuana use has far outpaced expectations only five months into Missouri’s new program.
Missouri issued close to 22,000 medical marijuana cards since July 4, the St. Louis Post-Dispatch reported. Researchers with the University of Missouri’s Economic and Policy Analysis Research Center previously estimated that the state wouldn’t reach that many patients until 2021.
Is Health Canada doing its job?
I’m not returning here to the topic of the vaping crisis. But looking ahead to legally-about-to-go-on-sale cannabis edibles.
When the year began, it appeared as if cannabis stocks could do no wrong. The first quarter featured over a dozen pot stocks that gained at least 70%, with the Horizons Marijuana Life Sciences ETF, the very first cannabis-focused exchange-traded fund, chugging higher by 50%. But ever since the first quarter ended, it's been a nightmare for pot stock investors.
Marijuana legalization seems to be making strides across the globe, but there are still plenty of pockets where the idea faces fierce resistance, namely in Asia.
