New Zealand’s government on Tuesday passed a law that will make medical marijuana widely available for thousands of patients over time.
The legislation will also allow terminally ill patients to begin smoking illegal pot immediately without facing the possibility of prosecution.
The measures come ahead of a planned national referendum on recreational marijuana use. The government has pledged to hold the referendum some time over the next two years, but has not yet set a date or finalized the wording. Continue reading “New Zealand Law to Make Medical Marijuana Widely Available”
The cannabis industry just announced a groundbreaking $1.7 billion megadeal with big tobacco that has the sector on the upswing this week.
Marlboro maker Altria Group (NYSE: MO), one of the largest tobacco companies in the world, announced a $1.7 billion investment in Cronos Group (NASDAQ: CRON), one of Canada’s largest cannabis companies. Continue reading “Marlboro Maker Invests $1.7 Billion in Cannabis Megadeal”
Iowa is now home to five medical marijuana dispensaries. They were approved under a law passed last March, permitting the sale of specific cannabis-derived products to those suffering from qualifying conditions including untreatable pain, side effects of cancer, seizures, ALS, and others. Continue reading “Medical Cannabis Dispensaries Have Arrived In Iowa”
Shares of Emerald Health Therapeutics Inc (OTCMKTS:EMHTF) have been battling to hold key support over recent days, with the stock testing and apparently holding the $1.75/share level on Thursday and Friday of last week. Adding to the narrative, the company just announced that it closed its prospectus sale to a single Canadian institutional accredited investor announced on December 3, 2018. Continue reading “Will We See a Gift Bottom in Emerald Health Therapeutics Inc (OTCMKTS:EMHTF) Into the Holidays?”
Chicago just took a big step toward becoming the cannabis capital of the Midwest. Not only would that be good for the broader US cannabis industry – it would be great news for two young and promising cannabis companies operating a string of cultivation facilities and dispensaries all across Chicago and Illinois.
The catalyst for Chicago’s cannabis potential? Governor-Elect JB Pritzker. Continue reading “Chicago Ready to Legalize – 2 Industry Leaders That Could Soar”
One stock that has managed to hold up against the tide of negative sentiment that characterizes the investment landscape for the cannabis space in November is certainly Hexo Corp (OTCMKTS:HYYDF). Shares continue to represent one of the very few plays in the space to maintain ground above the 200-day moving average. To further that cause, the company just announced that it was honored for product innovation with two prestigious Canadian Cannabis Awards at the 2018 gala. Continue reading “Why Hexo Corp (OTCMKTS:HYYDF) Has Been So Resilient”
Tobacco giant Altria Group Inc. (NYSE: MO) is interested in a buyout of Canadian cannabis company Cronos Group, Inc. (NASDAQ: CRON). Wall Street analysts see Altria and Cronos as a compelling team. Continue reading “Analysts: Altria And Cronos Make A Good Team”
Licensed medical marijuana dispensaries got a break Wednesday, ending a mini-panic over a shortage of marijuana from licensed growers.
A new resolution that will be considered by the Medical Marijuana Licensing Board next week will allow licensed dispensaries to continue to purchase, test and sell marijuana from registered caregivers, who have been supplying dispensaries while state-licensed growers get up and running to produce usable marijuana. Continue reading “Michigan marijuana dispensaries won’t run out of pot after state offers help”