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Michigan marijuana industry changed, but thriving amid coronavirus pandemic

You can’t currently walk into a Michigan marijuana shop and peruse the shelves, but that hasn’t stopped product from flying off them.

Close to $1 million a day in marijuana flower, vaping oil and edibles is still being sold, despite coronavirus restrictions that limit sales to curbside pickup and delivery.

With approximately $27 million in April sales, the recreational marijuana industry continues its ascent as governments fill their coffers with new tax revenue, despite the coronavirus pandemic and a forced about-face within the industry.

Medical marijuana expansion sailing through Louisiana Legislature

A bill that would allow any condition to be treated with medical marijuana and any doctor in good standing to recommend it continued to build momentum in the Louisiana Legislature Wednesday with little resistance.

Members of the Senate Health and Welfare Committee approved House Bill 819 by Rep. Larry Bagley, R-Stonewall, to expand treatable conditions.

The bill has already secured full approval in the House and now heads to the full Senate for debate.

Canada’s Aurora Cannabis surges after making a CBD deal to enter the lucrative U.S. market

Aurora Cannabis has agreed to buy U.S.-based CBD company Reliva, giving the struggling Canadian company a business foothold in America.

Shares of Aurora closed off nearly 13% ahead of the Wednesday afternoon announcement. The stock surged higher in after-hours trading.

However, over the past 12 months, Aurora has lost nearly 90% of its stock market value as of Wednesday’s close.

Will COVID-19 Kill Marijuana Social Equity Efforts, Too?

Marijuana social equity advocates expected a big year at the Colorado State Capitol. At the start of the session, legislators all but promised a bill proposing the expungement of past low-level marijuana crimes, and there was growing support for additional measures creating marijuana business opportunities for communities harmed by the War on Drugs.

Then COVID-19 happened, and now social equity proponents are nearly back to square one.

Hemp creates buzz among pollinators

Exactly why pollinators are attracted to hemp isn’t entirely understood, but at least one thing is clear: it’s not because they’re getting high.

Not only does hemp contain minuscule amounts of THC, the psychoactive compound in cannabis, but insect brains don’t have the receptors affected by the substance.

In fact, pollinators take little interest in the female cannabis flower, which is cultivated for THC in marijuana and cannabidiol, or CBD, in hemp.

Will States Impacted By Coronavirus Turn To Marijuana Legalization?

Advocates in Texas are pitching the idea that legalizing marijuana can help the state recover billions of lost revenue caused by COVID-19 outbreak.

States still searching for the best path forward in balancing economic and health concerns amid the continuing coronavirus outbreak also face another challenge once businesses reopen: recovering billions lost in state tax revenue, as well as millions of lost jobs.