Gov. Jerry Brown estimated Wednesday that the state will receive $643 million from excise taxes on marijuana during the first full year of legalization in California, much more than the cost to the state of issuing licenses and enforcing new rules. Continue reading “California could see a $643-million marijuana tax haul in first full year of legalization, Gov. Jerry Brown says”
France has an interesting relationship with cannabis. On the one hand, it has some of the highest rates of use among all European nations. But on the other hand, it has some of the EU’s harshest anti-cannabis laws. This tension begs the question: Is France relaxing laws against marijuana use? Or at least moving in that direction? According to new reports, the answer might be yes. Continue reading “Is France Relaxing Laws Against Marijuana Use?”
Germany’s medicinal cannabis market has grown rapidly since legalization in 2017. But as demand increases, importers and producers are grappling with a shortage in supply and many patients are forced to pay a premium. Continue reading “Medical Marijuana In Germany Brings High Prices And Short Supply”
There are fewer things that can send a stock soaring like a buyout. Right now – I see a wave of buyouts ready to pop off in the cannabis sector – and I want to show you how you can profit.
When one company buys another company – shares of the company being bought usually surge higher.
On January 18, Celgene Corp. (CELG) announced it would buy Juno Therapeutics (JUNO), a promising young biotech for $85 per share – a 91% premium to its share price at the time of the announcement. Continue reading “7 Canadian Cannabis Stocks that Could Soar on a Buyout”
Aurora Cannabis Inc. has struck a friendly deal valued at $1.1 billion to buy rival licensed producer CanniMed Therapeutics Inc., ending a hostile takeover battle between the Canadian marijuana companies.
“We are very pleased to have come to terms with CanniMed on this powerful strategic combination that will establish a best-in-class cannabis company with operations across Canada and around the world,” Aurora chief executive Terry Booth said. Continue reading “Aurora Cannabis To Buy CanniMed Therapeutics For $1.1 Billion”
Attorney General Jeff Sessions’ recent decision to clear the way for possible enforcement of federal laws that outlaw marijuana contradicts what Donald Trump told The Colorado Springs Gazette during his presidential campaign.
During a conversation with The Gazette’s editorial board in July 2016, Trump, then the GOP nominee, repeatedly pledged that he would respect states’ legalization laws and take a wait-and-see approach to enforcing federal law. Continue reading “What Trump said about marijuana enforcement while campaigning in Colorado”
Earlier this month, Attorney General Jeff Sessions announced that he would get rid of a longstanding “hands-off” policy that for years restricted federal agents and funds from going after states with legal weed. Now, pro-legalization lawmakers are responding to his attempts to start a federal crackdown on state-legal weed. On Wednesday, a group of House Democrats introduced The Marijuana Justice Act. Continue reading “The Marijuana Justice Act: What It Is And Why It’s Critical”
On a Saturday night in November, a casually dressed crowd mingled outside a chic nightclub in the southern end of Washington D.C.’s Shaw neighborhood. Inside, some two dozen vendors have set up on both floors of the bar for the Capital Cup, vending small amounts of flower, edibles, tinctures and the like from fold-up tables.
In Colorado, the legal cannabis industry is booming. Since the legalization of recreational marijuana back in 2012, the state has benefited in myriad ways. The government has used the tax revenue from legal pot sales to fund K-12 education and housing development. The rate of opioid-related deaths has decreased. Indeed, the Colorado Chief Medical Officer has stated that there haven’t been any significant issues due to cannabis legalization. And yet, the Colorado cannabis industry seems to be missing something: a marijuana tracking system. Continue reading “Colorado Proposes Marijuana Tracking System In New Bill”
California is quickly proving to be a huge catalyst for US cannabis stocks in 2018.
Some of the leading names in the US cannabis sector have already delivered huge gains in the first few weeks of the year.
For example, Kush Bottles (OTC: KSHB), a US-based company that sells packaging materials to the cannabis industry, is up 110% in the first two weeks of 2018. Continue reading “Profit from California with a $14 Million IPO”