Why the November Elections Could Be Huge for Top Marijuana Stocks

At the turn of the century, if you had told somebody that recreational marijuana would be legal across many states in this country, they probably would have laughed. Nobody is laughing now as the industry continues to grow at a breathtaking pace. Currently, the District of Columbia and 11 states (Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont and Washington) have adopted the most expansive laws legalizing marijuana for recreational use.

House adds amendment shielding legal marijuana businesses from DOJ

The House of Representatives on Thursday added an amendment to a spending package that would protect state-legal marijuana businesses from the Department of Justice.

The amendment, according to its description, would “prohibit the Department of Justice from interfering with state and tribal cannabis programs.” Congressional Cannabis Caucus founder Rep. Earl Blumenauer, D-Ore., sponsored the amendment, which passed 254-163, including 31 Republicans who voted in favor of it.

Medical Marijuana Just One Step Away From Making Ballot In Nebraska

Heartland voters may get the chance to decide on medical marijuana after an organization gathered more signatures than needed to put legalization on the ballot.

Legal cannabis supporters in Nebraska faced a pandemic and the task of collecting at least 122,000 signatures in a state not known for cutting-edge legislation on marijuana. But in the end, they did what they needed to do to get medical marijuana on the November ballot.

68% of N.J. voters likely to approve legal weed ballot question, new poll shows

About two-thirds of New Jersey voters are likely to vote yes on a ballot question seeking to legalize marijuana use for those over 21 this November, according to a new poll.

The survey, conducted by DKC Analytics and released Tuesday by Brach Eichler, a Roseland-based law firm with a cannabis practice, found about 68% of 500 New Jersey registered voters said they strongly support or somewhat support legalization via the ballot in the Garden State. Favorability ranked higher among Democrats than Republicans, with Independents falling in the middle.

'How quickly things can change': U.S. cannabis legalization suddenly seems more likely

Legalization at the federal level could come as soon as 2021 if Joe Biden wins the election and Democrats take control of the Senate

The U.S. could legalize marijuana at the federal level as soon as 2021 if Joe Biden is able to win the presidential election and Democrats take control of the Senate.

It’s a dramatic change in expectations from three months ago when it appeared Donald Trump would most likely win re-election, and CIBC analysts had put the odds of meaningful reform at “near-zero” for 2020 and “unlikely” for 2021.

7 States May Be Voting on Marijuana in November

Despite the chaos, 2020 could be a banner year for state-level cannabis legalization.

Despite it being a crazy year, Americans can't lose sight of the fact that Election Day is a little over three months away. At stake are 435 seats in the House of Representatives, roughly a third of all seats in the Senate, and, of course, the Oval Office.

Will A Joe Biden Presidency Be A Bullish Catalyst For The Cannabis Sector?

During the last month, we have seen a substantial increase in interest in cannabis companies that are levered to the US and stock prices have been trending to the upside.

We attribute the increase in interest as a response to a series of prominent polls showing that Democratic Presidential Candidate Joe Biden is leading Donald Trump by a wide margin. From social justice issues to the handling of the COVID outbreak, President Trump has had a challenging few weeks and voters seem to favor a Biden presidency.

Congress Allows Troops To Use CBD Products

As of Monday, military service members are no longer forbidden to use CBD products.

According to Marijuana Moment, the House of Representatives approved a measure that allows troops to use hemp products as well as its derivatives.

The measure passed by a vote of 336 to 71. The initiative was led by Hawaii Rep. Tulsi Gabbard, who is also a military veteran.