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Cuomo calls for legalizing, taxing marijuana in budget plan for New York

New York Gov. Andrew Cuomo (D), in a budget outline released Tuesday, proposed legalizing and taxing marijuana.

The move shows he plans to make good on a promise he made just two weeks earlier at the annual State of the State address, where he pledged to legalize marijuana in 2020. 

Aphria stock boosted by news of certification that will allow the Canadian company to ship medical cannabis to the EU

Canadian cannabis company is expecting to make first shipments to the EU by the end of May

Aphria Inc.’s U.S.-listed shares rose about 3% Tuesday, after news that the company has achieved GMP status in the European Union, clearing the path for it to start selling medical cannabis to pharmacies in Germany and other countries.

Largest US farm group supports higher THC limit for industrial hemp

U.S. farmers think the USDA hemp regulations are too stringent.

The goverment should triple the level of THC permitted in industrial hemp, and give farmers three times as long to harvest a field after it is tested, said national convention delegates in voting on American Farm Bureau Federation policy on Tuesday.

Both provisions are sore points with growers, who say USDA regulations, setting a 0.3 THC limit and allowing 15 days to harvest after samples are collected for testing, are so stringent that many farmers will fail them.

How To Play The U.S. Cannabis Industry In 2020

  • The U.S. cannabis market is quickly developing with medical marijuana currently legal in 33 states and recreational pot legal in 11 states.

  • Our top picks are Curaleaf, Green Thumb, Trulieve, and Charlotte's Web based on management, footprint/scale, balance sheet, and profitability.

  • We believe there are multiple ways of playing the U.S. cannabis sector but a prudent approach involves a basket of 3-5 stocks to reduce risk.

The U.S.

Canadian cannabis industry facing a credit crunch as scrutiny, skepticism mount

Small and mid-sized cannabis companies say they are finding it increasingly hard to obtain basic credit facilities from some of Canada’s largest financial institutions amid heightened scrutiny on the struggling sector.

“It seems that most charted banks do not want to entertain new applications for lines of credits, loans, or new bank accounts,” said Sam Rad, a marketing executive at CannaPiece Group Inc., a late-stage cannabis licence applicant.

Cannabis companies that got into the game earlier had more luck with the banks

Growth Potential for Cannabis Dispensary Stocks Is Massive in 2020

Cannabis Dispensary Stocks a Compelling Subgroup for Growth

Despite some analysts predicting that the legal cannabis market could eventually be worth $500.0 billion, we’re not quite there yet. The marijuana industry is still in its infancy and is experiencing growing pains.

One subcategory that has been performing exceptionally well—and is expected to continue doing so—is marijuana dispensary stocks.