Marijuana Politics

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senate
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Mon
17
Sep

Marijuana use is suddenly "booming" with this group of people

This is what you call "turning over a new leaf".

The green rush is officially on. In 32 days, Canada will lift the curtain and allow recreational marijuana to be legally sold in licensed dispensaries. Although Uruguay became the first country in the world to legalize adult-use pot, Canada is set to make history by becoming the first industrialized nation to do so. And with this legalization comes the expectation of billions of dollars in annual sales flooding into the industry.

Mon
17
Sep

Massachusetts credit union to provide banking services for cannabis companies

GFA Federal Credit Union will begin working with MA weed businesses on October 1.

Massachusetts’ retail cannabis market is perhaps a week or two away. For Massachusetts’ cannabis consumers and business owners, the official start of retail sales has been a long time coming. For regulators and law enforcement, however, several major concerns remain unsettled.

Mon
17
Sep

The federal government must stop stifling medical marijuana research

In June, for the first time, The Food and Drug Administration  approved a plant-derived medicine from marijuana. The prescription drug, known as Epidiolex, contains a proprietary formulation of cannabis’ organic compounds — primarily cannabidiol (CBD) —for the treatment of severe seizure disorders.

The British pharmaceutical company — the manufacturer of the drug — a has long been licensed by the U.K. government to privately grow strains of cannabis for the purpose of drug development.

Mon
17
Sep

This has to be the most ridiculous reason ever for a pullback in marijuana stocks

There are good reasons why marijuana stocks could fall, but a border ban for cannabis investors isn't one of them.

Major Canadian marijuana stocks opened significantly lower on Friday after dropping in after-hours trading Thursday evening. High-flying Tilray (NASDAQ:TLRY), for example, opened 16% below its previous close. Canopy Growth (NYSE:CGC) opened 7.5% lower than its closing price on Thursday.

Fri
14
Sep

Border protection official warns that Canadian cannabis workers and investors risk lifetime ban from the U.S.

A top official of the U.S. Customs Border Protection confirmed earlier this week that anyone working or investing in Canada’s cannabis industry will be treated as if they are an illegal drug trafficker.

Despite that Canada will have legal cannabis nationwide in a month, and that a majority of states have legalized cannabis to some extent, the plant remains illegal at the federal level. The U.S. government views foreigners working in the marijuana industry the same way they would someone working for an illegal drug cartel or as a dealer, regardless of their home nation’s laws.

Fri
14
Sep

Marijuana heats up Texas Senate race

Marijuana and drug legalization is turning into a red-hot issue in Texas’s red-hot U.S. Senate race between incumbent Republican Senator Ted Cruz and his Democratic challenger Congressman Beto O’Rourke.

A piece on the Marijuana Moment website by Kyle Jaeger sketches out how pot (and other drug) legalization is increasingly shaping the race.

O’Rourke has made marijuana legalization a major plank in his campaign platform. He wants to end marijuana prohibition at the federal level. He also supports expunging the criminal records of people who have been convicted of non-violent marijuana offenses.

Fri
14
Sep

Florida: Legal battles mount over marijuana licenses

As the values of medical-marijuana operations skyrocket, wrangling over Florida’s limited number of pot licenses continues to escalate. Five wannabe operators who got shut out of the state’s first round of medical-marijuana licenses three years ago and recently were shot down a second time are asking a judge for help.

But first, Administrative Law Judge G.W. Chisenhall has to settle an even more basic argument: How many licenses are up for grabs?

Florida Department of Health officials maintain only two licenses are available under a 2017 law aimed at implementing a voter-approved constitutional amendment that broadly legalized medical marijuana. The 2017 law was also intended to curb litigation related to the highly sought-after licenses.

Fri
14
Sep

She left tech to start a cannabis-based line of female self-care products

Cannabis is a new industry but women have to overcome a lot of the same old barriers. Cyo Ray Nystrom, founder and CEO of Quim Rock, left her startup life in tech to launch a line of cannabis and CBD centered female self-care products. Her mission is to create plant-based products that enhance pleasure and foster sustainable practices for vaginal health.

Fri
14
Sep

‘We charge way too much’: Why Nevada’s pot prices are expected to drop

Marijuana prices in Nevada could soon decrease to fall in line with those in more affordable marijuana legal states like Oregon and Colorado, a leader in Nevada’s marijuana industry said Thursday.

Speaking to a crowd of more than 100 at the Las Vegas Medical Marijuana Association’s monthly luncheon, Acres Cannabis CEO John Mueller said price reductions could come as early as next year when up to 42 additional state dispensary licenses are issued for new pot stores to open across the state.

“We charge way too much money for this stuff,” Mueller said. “It’s going to come down.”

Fri
14
Sep

Better marijuana stock: MedMen Enterprises Inc. vs. CannTrust Holdings Inc.

Which stock wins in a matchup between a U.S. marijuana retailer and a Canadian cannabis grower?

Marijuana stocks aren't all alike. MedMen Enterprises Inc.(NASDAQOTH:MMNFF) and CannTrust Holdings Inc. (NASDAQOTH:CNTTF) prove the point. Their business models are very different. MedMen is a U.S.-based company, while CannTrust is headquartered in Canada.

So far this year, CannTrust has turned in a better stock performance than MedMen has. But which of these two marijuana stocks is the better pick for investors now? Here's how MedMen and CannTrust stack up against each other.

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