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Pot ETFs Should Bloom After Report Says Canada’s Weed Sales To Double

Amidst the COVID-19 pandemic, a new report expects Canada’s recreational marijuana industry to double revenues this year and grow more than 500% by 2025. This should be good news for cannabis ETFs, many of which are far off their highs.

In October 2018, Canada became the second country to make recreational cannabis legal nationwide. This sparked a huge rally in cannabis stocks, such as Canopy Growth (CGC) and Tilray (TLRY). It also sent ETFs focused on the cannabis industry surging. 

We Must End Cannabis Prohibition For Economic Recovery In A Post Pandemic World

Very simply, marijuana legalization is not some wild experiment that has never been done before. And now, of course, we are beginning to see the same experience in some places in the United States.

In the midst of the pandemic, there is much uncertainty about almost everything, but one thing does seem certain: America is going to be much poorer. Or, to put in a global perspective, America and a few other countries will be much less rich and the rest of the world will be much, much poorer, and no wall or welfare program will protect us.

Here Are the California Cannabis Bills That Survived COVID-19 Delays

Bills focused on a state bank, delivery, and curbing the illicit market failed to make it through this legislative session.

While Californians voted to legalize cannabis four years ago, lawmakers continue to debate and tweak regulations for the world’s largest legal cannabis market. 

This year, COVID-19 caused legislative delays from coast to coast. Some states’ legislative sessions ended early, while lawmakers in other states were forced to shift focus to discussions about coronavirus-related bills. 

A Look At Cannabis Education Offerings At America's Colleges

A degree “definitely gives you more credibility and shows that you have a baseline of cannabis knowledge,” according to a long-time cannabis industry educator and advocate.

Aside from marijuana-specific institutions like Oaksterdam University, there weren’t many cannabis classes being offered in America’s college classrooms.

The tide is beginning to turn as a range of institutions are now embracing marijuana and its career prospects.

The Science of Medical Cannabis

 

Although research in the U.S. has been limited for decades, researchers around the globe are leading the charge.

While standards are a necessary part of every industry, the pharmacological space is not free from corruption. Additional research is always a boon for understanding, but the demands put on cannabis by the United States Federal Government are uniquely restrictive.

California Cannabis Tax Revenues Soar as Industry Gets Going, But Black Market Still Dominates

The California Department of Tax and Fee Administration reported today that cannabis legalization and taxation in the state came in the nick of time. Just when the state is under extreme fiscal pressure, cannabis is pulling through: Cannabis tax revenues in the second quarter soared 32.6% from a year ago, to another record of $208.4 million (not including revenues collected by cities and counties). And this during the Pandemic!

FDA Hiring CBD Testing Contractor

The FDA announced it is hiring a third-party contractor to test CBD “and related cannabinoids” for the agency.

The Food and Drug Administration has posted notice for a contractor to test CBD “and related cannabinoids.” The announcement comes less than a month after the agency called for public comments on its guidance for cannabis-derived pharmaceutical research.