Quick—name the first cannabis industry unicorn.
If you said Canopy Growth, or GW Pharmaceuticals, or a marijuana company currently in business, you’ve forgotten the amazing rise and fall of Medbox.
At the close of 2020, 46 nations had passed some form of marijuana legalization. Up to 44 countries passed some form of medical laws. Uruguay and Canada are two countries that legalized adult use, and Mexico and Israel will likely follow in 2021.
With reform efforts underway, investors and cannabis pros have their eyes on countries across the globe, with the expectation that international sales will spike.
After Kamala Harris was nominated to be President Elect Joe Biden’s running mate, we knew that brighter days were ahead for the cannabis industry……..and the market seemed to agree with us.
After Joe Biden was projected to win the election, the cannabis sector recorded strong moves to the upside for almost two months. Although the sector has come off its recent highs, we believe the recent additions to President Elect Joe Biden’s cabinet send a very bullish sign to the cannabis industry.
In a huge step forward for cannabis legalization and global drug reform, the UN Commission on Narcotic Drugs (CND) voted on Wednesday to pull cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs. Under the UN’s system, Schedule IV substances are considered the most dangerous and addictive drugs.Cannabis will no longer be classified as a drug as dangerous as heroin.
President-elect Joe Biden will be good — but not great — for the cannabis industry, analysts, executives, and other experts say.
While Biden has stopped short of endorsing federal legalization, both he and Vice President-elect Kamala Harris, have campaigned on decriminalizing marijuana.
Plenty of uncertainty remains with the 2020 election, but one thing is clear: Recreational cannabis had a big night at the ballot box.
Voters in Arizona, Montana, New Jersey and South Dakota cleared cannabis for adult use, bringing the total number of states that have approved it for that purpose to 15.
After years of near-misses, Gov. Andrew Cuomo expects New York legislators to finally legalize marijuana in 2021, getting over past opposition and division for one simple reason - the state needs the money.
Back in August, I believed that 2020 could still be a big year for the cannabis legalization movement. Yesterday, voters finished casting votes in five states to determine whether or not to legalize cannabis use. Here are the results for Arizona, Mississippi, Montana, New Jersey, and South Dakota.
After years of legislative failures, New Jersey voters on Tuesday authorized the legal use of recreational marijuana in a year when supporters rallied around the disproportionate number of arrests for the drug in minority communities.
Arizona's ballot measure to legalize marijuana passed Tuesday with voters deciding to join 11 other states that have done so despite a conflict with federal law, according to The Associated Press.
