Last week, rumors surfaced about Aurora Cannabis Inc. (ACB.TO) (ACB) and its plan to merge with a leading Canadian cannabis producer. The market initially responded favorably to the rumors and we were not surprised by this. If the transaction is completed, the combined company would rival Canopy Growth Corporation (WEED.TO) (CGC) and would have a more than 30% market share in Canada.
Opponents of an initiative that would legalize the recreational use of marijuana in Arizona have filed a lawsuit to keep the issue off the ballot in November.
The lawsuit, by Arizonans for Health and Public Safety, argues that the initiative’s backers did not accurately describe the measure in a 100-word summary included on petitions that voters signed for it to qualify for the general election.
The group contends that the summary should have included or at least expanded on a range of details in the 16-page initiative.
A highly regarded British think tank focused on reforming drug laws thinks Canada’s legalization and regulation of cannabis has gone well.
As new daily coronavirus infections continue to break records in the U.S., researchers are considering whether the cannabis plant has the potential to be used in the treatment of COVID-19.
Experts from the University of Nebraska and the Texas Biomedical Research Institute are recommending that scientists study the anti-inflammatory properties in CBD as a potential treatment for lung inflammation caused by the coronavirus.
This is the definitive, continually updated map of where states are in the process of going green. Whether it’s legalizing full recreational use or just medical marijuana, this map will show updates to marijuana legalization as they happen.
How to read this map:
Cannabis sales in Colorado set a new monthly record in May, reaching their highest level since broad legalization in 2014.
Dispensaries sold over $192 million worth of cannabis products that month, according to data from the state Department of Revenue’s Marijuana Enforcement Division compiled by The Denver Post. That figure is up about 29% from April and 32% from May 2019.
On October 17, 2018, thousands of Canadians waited outside cannabis shops to finally buy the drug legally for the first time in the nation’s history.
That same day, while attention was turned to the shops, the Canadian government promised to undo a great historical wrong: People convicted of single cannabis possession in the past could apply to have those records suspended.
More than a year after legal stores opened, only 436 Canadians have applied to have their cannabis sentences suspended.
