Marijuana Politics

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Mon
24
Sep

Governor of the Commonwealth of the Northern Mariana Islands legalizes cannabis

Governor Ralph DLG. Torres has officially signed the legalization bill.

Gov. Ralph DLG. Torres of the Commonwealth of the Northern Mariana Islands (CNMI) signed groundbreaking legislation on Friday, legalizing the recreational use of cannabis for the small United States territory. The Northern Mariana Islands is a small group of islands in the Pacific Ocean with a population of just over 55,000.

Mon
24
Sep

Kindergartner can use cannabis at school in California

A 5-year-old California girl can keep bringing a cannabis-based drug to school—used for emergency treatment of a rare form of epilepsy—a judge ruled Friday.

The judge sided with the family of Brooke Adams, who attends kindergarten in Santa Rosa.

Mon
24
Sep

Cannabis and banking: An ongoing impasse for U.S. pot businesses

One of the biggest dilemmas facing America’s legal cannabis industry is the reluctance by most financial institutions to work with pot businesses.

That avoidance is due to the U.S. federal government’s prohibitions on cannabis. And the federal illegality of cannabis has made banks, credit unions and other financial firms shy away from cannabis companies, out of concerns they could open themselves up to federal prosecution.

As a result, most cannabis companies transact business on a cash-only basis; a situation that makes these businesses vulnerable to robbery, money laundering and other criminal acts.

Fri
21
Sep

Canadian officials may target U.S. pharmaceutical industry amid looming trade war

The United States pharmaceutical industry is likely to be the target for Canadian officials should a full out trade war take place between the two North American countries, an Ottawa-based law professor with knowledge about the issue told Yahoo Finance earlier this week.

Fri
21
Sep

Medical marijuana patients decry state crackdown on pot purchases

In August, a state analyst spotted dozens of suspicious transactions when he crunched cannabis sales data: a small number of medical marijuana cardholders bought unusually large quantities of marijuana flowers on consecutive days.

Oregon regulators suspected medical marijuana patients and caregivers were exploiting the system by buying cannabis to sell on the illicit market.

The response was swift. The Oregon Liquor Control Commission, under pressure from federal officials to tackle the robust black market for marijuana, quickly issued a temporary rule that dramatically reduced the amount that medical marijuana cardholders could buy in a day.

Fri
21
Sep

Feds seeking help to learn more about Canadian cannabis sold on ‘cryptomarkets’

The federal government insists pot legalization will help the country snuff out crime — but internally it’s wondering what will become of the fuzzy world of illegal online weed transactions.

In less than a month, Canada will become the first industrialized country to legalize recreational marijuana. The Liberal government has argued the end of cannabis prohibition will prevent criminals and, in particular, organized crime from getting their hands on the lucrative proceeds of Canada’s illicit grass market.

But when it comes to illegal online cannabis transactions, the federal Public Safety Department is seeking outside help to learn more about the prominence of Canadian weed on mysterious platforms on the Internet’s “dark web” — known as “cryptomarkets.”

Fri
21
Sep

A closer look at the effects of Colorado's legal marijuana industry

Many local and state leaders urge Michiganders to vote against legalizing recreational marijuana. West Michigan law enforcement leaders made their case Wednesday September 19, 2018 against legalizing recreational marijuana.

Voters will decide on the issue in November. In their news conference, prosecutors used examples from other states that have legalized pot, to explain why they think it would be bad for Michigan.

Fri
21
Sep

3 Canadian cannabis stocks to watch going into the weekend

The cannabis sector has become a major topic discussion with mainstream financial media outlets and this is a trend that we are watching.

The interest was driven by some high-flying stocks and we are monitoring how the sector closes out the week. Today, we wanted to highlight 3 companies that have been highlighted on CNBC and provide an update on these leading Canadian opportunities.

Tilray: Watching the Decline

After trading as high as $300 a share, Tilray (TLRY) has been trending lower is trading near the $160 level this morning. The Canadian cannabis producer has been one of the hottest stocks to watch and mainstream media has been all over this story.

Fri
21
Sep

Could these 3 marijuana stocks be on their way to $100 billion market caps?

Profiting from widespread global use of marijuana could result in pot stocks with valuations of more than $100 billion someday.

Shares in marijuana stock Tilray (NASDAQ:TLRY) are surging on optimism it could capture a significantly larger share of the emerging marijuana market. Its market cap is already flirting with $20 billion, but that could still undervalue this company's opportunity if a recent projection by Tilray CEO Brendan Kennedy pans out.

Fri
21
Sep

Growing pains: License delays, enforcement issues irritating marijuana businesses in Alaska

Two years after the state’s first cannabis entrepreneurs received their licenses, business owners are still wrestling with hangups in the regulatory system.

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