Without a major change in the structure of Congress and a president who will actually sign a bill legalizing cannabis, it’s not going to happen.

 New Frontier Data, the most trusted authority in cannabis data, analytics and business intelligence worldwide, releases its latest study, The U.S. Cannabis Report: 2020-2021 Industry Outlook, presented in partnership with NXTecK, the only big data-powered consumer behavior and engagement AdTech firm specializing in the cannabis sector globally.

States can’t wait. That’s the rallying cry for a new initiative that seeks to set up an interstate market for cannabis between states where recreational and medical cannabis are legal.

Called the Alliance for Sensible Markets, the non-profit coalition of business and advocacy leaders is committed to legalizing commerce between participating legal markets by 2021.

Cannabis investors have endured a brutal 2020, and hopes that the November election will serve as a catalyst for federal US legalization are fading fast.

However, according to Cantor Fitzgerald analyst Pablo Zuanic, a potential election “blue wave” victory for Democrats could be more bullish for cannabis stocks than investors realize.

The hemp industry contends the Interim Final Rule is unlawful because it exceeds the DEA’s authority and violates the Agricultural Improvement Act, among other things.

Read entire article at Benzinga

The United States continues to have the largest prison population globally. Some 2.1 million Americans were incarcerated as of November 2018.

In spite of ever-growing support for marijuana use in the United States, a recently-released FBI report revealed there were more people arrested for cannabis last year than for all violent crimes together. 

Last week, the cannabis sector rallied after Kamala Harris’ debate with Vice President Mike Pence. We believe the reason for the move higher is related to Harris stating that cannabis would be decriminalized under a Joe Biden administration.

Shares of cannabis producers soared on the stock market Thursday following the vice presidential debate, during which Kamala Harris announced the Biden administration would decriminalize marijuana at the federal level.

"We will decriminalize marijuana and we will expunge the records of those who have been convicted of marijuana," the California senator (D) said.