Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Mon
09
Jul

Oklahoma: Medical industry pushes for THC limits on medical marijuana

Although a large majority of public comments about State Question 788 urged the Oklahoma State Department of Health not to impose cannabinoid percentage limits for medical marijuana products, records show multiple medical industry officials support the proposed strict regulations.

However, a doctor who specializes in the scientific study of cannabis says limitations on product potency will diminish the spirit of the ballot measure approved last month that rightly gives wide latitude to medical professionals.

Mon
09
Jul

These 4 marijuana stocks made the best moves in 2018 so far

Politically, at least, 2018 is turning out to be one heroic year for the cannabis industry. Canada became the first G7 nation to legalize recreational marijuana. Epidolex became the first cannabinoid medicine to earn the approval of the U.S. Food and Drug Administration (FDA). And Canopy Growth became the first cannabis company to list on the New York Stock Exchange.

At the halfway point, it is time to look at which marijuana stocks are coming out ahead. These are the four marijuana stocks with the best move in 2018 so far:

Mon
09
Jul

The single biggest reason why US marijuana sales will skyrocket

There are more U.S. states that allow some form of legalized marijuana than there are states that don't. And the numbers are moving more in that direction. Oklahoma voted just a few days ago to legalize medical marijuana. Voters in Michigan will decide on allowing legal recreational pot in November.

An estimated $8.5 billion was spent on legal cannabis in the U.S. last year, according to "The State of Legal Marijuana Markets" report published by ArcView Market Research and BDS Analytics. But this amount could be only a fraction of what's to come. U.S. marijuana sales are likely to skyrocket over the next several years, and there's one big reason why.

Mon
09
Jul

Legal marijuana is coming to Canada: Investors catch the buzz

Inside garage-sized containers at one end of a cavernous warehouse in a former Nestlé factory south of Ottawa are rows of marijuana plants stacked atop each other, basking in the unearthly glow of grow lights.

They belong to Hamed Asi, an Ontario businessman who calls them his “vertical farm.” He has no background in growing marijuana, or in any kind of agriculture. His other line of business is installing office furniture; cubicles, filing cabinets and desk chairs fill the opposite end of the warehouse.

Mon
09
Jul

The rejection of this marijuana petition by the FDA could be a bigger deal than you realize

In just a few months, the legal cannabis industry will be turned on its head. Based on the passage of the Cannabis Act on June 19 in Canada, adults will be able to legally purchase marijuana beginning Oct. 17, 2018. That's right -- Canada will be the first industrialized country in the world to give the green light to recreational marijuana.

Mon
09
Jul

3 Top marijuana stocks to consider buying for the second half of 2018

So far, 2018 hasn't exactly been a great year for most marijuana stocks. Sure, some marijuana stocks have chalked up huge gains. Most, though, haven't performed very well.

Mon
09
Jul

How Canada's marijuana legalization changes the game

We’ve all seen countless articles about Canada’s decision to legalize the recreational use of marijuana on a federal level. Analysts and reporters discussed what this meant for Canada and the US, but what about the world?

First G-7 Nation to legalize marijuana

Canada has become the first G7 nation to legalize marijuana despite a decision earlier this year by the United Nations International Narcotics Control Board (INCB), which issued a report classifying the legalization of marijuana for recreational uses as a “clear violation” of the U.N.'s 1961 Single Convention on Narcotic Drugs. While Uruguay disregarded this international treaty, Jamaica was deterred from moving toward full legalization. Now, Canada has joined Uruguay on the rebel band.

Mon
09
Jul

The Senate Appropriation Committee's must-see quote on marijuana's scheduling

This has turned into another banner year for the legal marijuana industry. Following the legalization of medical cannabis in Mexico last year, Canada has made good on its pledge to legalize recreational marijuana. As the first industrialized nation to do so, adult-use sales will become officially legal on Oct. 17, 2018, according to Prime Minister Justin Trudeau.

Fri
06
Jul

New poll finds Michigan is more split on recreational weed than we thought

Cannabis advocates expected legalization to happen this fall.

A new survey suggests that Michigan voters may be more divided on the issue of legalization than previous polls have shown. The results of a survey, conducted by pollsters at Target-Insyght, which questioned 800 voters statewide, found that 47 percent would vote against the ballot measure to legalize while 44 percent would vote in favor.

The initiative, which voters will see on the ballot in November, would allow residents to possess up to 2.5 ounces or 15 grams of concentrates.

Fri
06
Jul

Canadian cannabis workers targeted by U.S. border guards for lifetime bans

As tensions between Canada and the U.S. have risen in recent months, a quieter, slower-burning conflict has been developing along the border: Canadians associated with the cannabis industry — even if they have never used the drug — can be banned for life from America.

Despite Washington State legalizing cannabis within state boundaries, the border is under federal jurisdiction. And since cannabis, along with drugs such as heroin and cocaine, is a Schedule I substance, past or current association with the drug is considered a federal crime in the U.S.

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