Political

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.

Arizona: Foes of marijuana legalization file lawsuit to stop ballot measure

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.

Where is cannabis legal in the United States? (Medical Marijuana and CBD included)

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:

Canada’s cannabis pardon program is failing. Here’s why

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.

Cannabis Legalization A Key Issue In 2020 US Presidential Election

Cannabis legalization will likely be an important issue for the U.S. presidential election of 2020.

That's according to a research report by Bank of America Securities analysts Bryan Spillane and Lisa Lewandowski.

However, the COVID-19 pandemic could put the debate on hold, they said.

The analysts break down the hypothesis into four elements, which include congressional activity, the Unity task force formed by Democratic candidate Joe Biden and Vermont Senator Bernie Sanders, cannabis taxation and legalization measures at the state level. 

Biden v. Trump: Who is the more cannabis-friendly presidential candidate?

November is just around the corner, and neither of our presidential candidates are on board with recreational marijuana legalization at the federal level. Even so, there are some nuances to Joe Biden (D) and President Donald Trump’s (R) cannabis policies you should know about. We broke down the top three things every cannabis-enthusiast needs to know about our 2020 presidential nominees.

Trump:

Marijuana Legalization Still Has a Chance in Idaho

Marijuana legalization in Idaho had to bear the brunt of the coronavirus pandemic. The lockdown forced the state to suspend its medical marijuana campaign. The group responsible for the campaign, the ICC (or the Idaho Cannabis Coalition), failed to collect the required signatures before the May 1 deadline. However, a recent federal court ruling for a separate initiative in the state might have sparked some hopes.