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In one year, Canadians spent $908M on legal cannabis

OTTAWA - Canadians spent about $908 million on non-medical cannabis in the first year since legalization, but online sales dropped as more brick-and-mortar locations opened, said Statistics Canada.

Canadians spent $907,833,000 on non-medical cannabis between October 2018 and September 2019, the agency said, which works out to $24 per capita.

Canada legalized cannabis on Oct. 17, 2018, becoming the second country in the world — after Uruguay — to legalize the drug. Demand initially appeared to outstrip supply as retailers warned of a pending shortfall of product.

New guidelines approved for medical cannabis in Brazil

This week Brazil approved cannabis guidelines in order to establish a legalised environment for the sale and consumption of cannabis for medical use.

In the announcement by ANVISA, the National Agency for Health Surveillance of Brazil, a new class of medical cannabis products will be prescribed by doctors and sold through pharmacies, enabling safe and legal patient access.

Federal Marijuana Legalization Is A Lock – But How, When?

If you listen carefully, you will hear the sound of a crooked foundation known as marijuana prohibition starting to crumble in the United States. It has been more than eight decades since the federal government outlawed the cannabis plant nationwide, and yet, here we are finally standing on its lawn with torches in hand waiting for a day of reckoning.

FLORIDA | House panel to explore cannabis legalization issues

With a marijuana legalization citizens’ initative barreling toward the 2020 ballot, yet another House panel will explore cannabis issues this week.

The Health Quality Subcommittee will hear Wednesday from out-of-state experts on public health concerns, potential trafficking issues, and “positive test results for cannabis in the workplace.”

2020 Financial Trends for the Cannabis Industry

The past year has been another strong year in cannabis. Investors continued to pour money into the burgeoning industry — surpassing 2018 investment totals in just 40 weeks — and new markets opened up for recreational and medical cannabis. And following the passage of the 2018 Farm Bill, CBD has proliferated and become one of the hottest health supplements in the country.

Virginia legal landscape shifts as cannabis support grows

RICHMOND, Va. (AP) — “We do grams, eighths, quarters, half ounces, pounds, wholesale pounds -- however you want it,” Jacob Stretch said, standing between crates of dried hemp in his living room that doubles as his hemp processing and drying facility. Stretch, owner of Chesapeake Blue, just finished his first season growing industrial hemp as a registered grower and processor on his family’s farm.

3 Scenarios for U.S. Marijuana Legalization by 2021

Don't totally write off the chances that the MORE Act or similar legislation could become law in the not-too-distant future.

Arguably the biggest legislative milestone to date related to the legalization of marijuana in the U.S. was achieved two weeks ago. The U.S. House of Representatives Judiciary Committee voted 24 to 10 to pass the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, a bill that would legalize marijuana at the federal level.