It's been quite the year for marijuana stocks.
When the year began, it looked as if it would be another green year for the green rush. At the end of the first quarter, more than a dozen pot stocks had risen by at least 70%, and the Horizons Marijuana Life Sciences ETF, the first cannabis-focused exchange-traded fund, galloped higher by over 50%.
Cannabis export from Israel has received the final government approval, after one year of waiting.
The Israeli cannabis industry has been stymied largely for quite a while, largely in part to U.S. President Trump asking the Prime Minister and defacto Minister of Health of Israel, Benjamin "Bibi" Netanyahu to halt the export of cannabis flower from Israel.
Marijuana legalization is picking up the pace again. The 2020 elections are drawing closer. More states are working to pass bills to get medical, recreational, or both cannabis forms legalized. On Wednesday, I discussed how Virginia is pushing for marijuana decriminalization and legalization in 2020. Read Marijuana Legalization: Can Virginia Expect it in 2020? to learn more. Now, we’ll discuss what’s happening with marijuana legalization in Utah.
The cannabis sector has seen a bit of a Jekyll and Hyde situation this year. In the first half, from January 1 to June 30, the Horizons Marijuana Life Sciences Index ETF (HMMJ) and the ETFMG Alternative Harvest ETF (MJ) rose 27.3% and 27%, respectively. Both ETFs outperformed the S&P 500 Index, which returned 17.3% during the period.
Take the hemp money and run. Expect litigation to rise as the 2019 hemp crop comes in during the first harvest since legal hurdles were lowered in the 2018 farm bill. In many cases, as growers, seed dealers and processors point fingers or hurl accusations of fraud, failure, theft and breach of contract, one lesson is increasingly clear: Hemp is a crop unto itself and a solid contract is crucial from the get-go.
As disagreements related to CBD and seed spill into court rooms, the timing is in sync with hemp’s rollicking rise, says Jesse Mondry, attorney with Harris Bricken.
The Missouri health department announced Thursday afternoon that medical marijuana dispensary licenses will be awarded to would-be owners "approximately January 24, 2020," with most other types of marijuana business licenses being awarded more quickly.
Beginning in August, the state received more than 2,200 applications for just 348 marijuana business licenses, of which 192 will go out to retail marijuana dispensaries. They're expected to be operating in mid-2020.
A study published last month in the Journal of Pain found a statistically significant reduction in migraine and headache symptoms and recurrences among patients who used cannabis for treatment.
Researchers concluded that headache and migraine severity were reduced by nearly 50% after using cannabis.
(WAOW) -- Michigan is the first state in the Midwest to legalize recreational Marijuana. Law enforcement officials in neighboring counties are expressing concern about the impact legalization in Michigan could have on the Badger State.
"Once you cross the state line, it's a crime," said Vilas County Sheriff Joe Fath. "It's serious, it could create a criminal record for people."
Fath said deputies have already encountered people bringing the drug across state lines. One of his biggest concerns is an increase in driving while under the influence.
SPRINGFIELD — One month before the scheduled rollout of legalized marijuana in Illinois, Gov. J.B. Pritzker signed a follow-up bill to the initial reform Wednesday and took questions about the next phases of the implementation.
“It’s new territory, we’re seeing that in some of the cleanup that we’re doing in this bill,” said Sen. Heather Steans, D-Chicago, who sponsored the initial marijuana legalization measure.
The criminalization of cannabis is now a thing of the past in Canada, but the legacy of legalization is far from clear. Legalization represents a major social and political shift, after years of work by activists successfully showed that criminalization was harmful and ineffective.
