Jeff Sessions has created a task force to review federal marijuana policies

In a memo sent this week to the U.S. attorneys, Attorney General Jeff Sessions said a task force within the Justice Department will evaluate marijuana policy as part of a larger review of crime reduction and public safety.

The Department’s Task Force on Crime Reduction and Public Safety will “identify ways in which the federal government can more effectively combat illegal immigration and violent crime, such as gun crime, drug trafficking, and gang violence,” according to the memo issued Wednesday. Continue reading “Jeff Sessions has created a task force to review federal marijuana policies”

First Marijuana Stock Index ETF Launches in Canada

As the Trump administration considers renegotiating the historic trade agreement with its North American neighbors, Canada is pushing ahead with a trade that places it well ahead of the United States: a first-of-its-kind exchange-traded fund that invests in medical marijuana stocks. Whether the pioneering effort is good for investors should spark debate. Continue reading “First Marijuana Stock Index ETF Launches in Canada”

Cannabis companies flock to Canada as US laws keep them off stock exchange

When Hadley Ford created a company for investing in the fast-growing business of legal marijuana, the former Goldman Sachs Group Inc. investment banker left New York and headed north of the border.

While more than half of U.S. states allow marijuana for medical or recreational use, the drug is still outlawed by the federal government, starving pot entrepreneurs of institutional capital. Continue reading “Cannabis companies flock to Canada as US laws keep them off stock exchange”

Columbia Care delivers to medical marijuana patients

It won’t be as obvious as when the pizza person shows up, but customers of Columbia Care’s dispensary in Rochester can get medical marijuana delivered to their door.

For the past several weeks, the company has been testing a program to deliver the tinctures, vaporization oils or capsules to patients in western New York. Continue reading “Columbia Care delivers to medical marijuana patients”

Florida Pot Monopoly Compared to a ‘Cartel’

Medical marijuana in the state of Florida is a real-life game of Monopoly, but one where a few players already have all the properties in hand before the first die is thrown.

While other states where cannabis is legal allow for competition among those who produce and sell medical marijuana—a lucrative position to be in, we’re told time and again—Florida allows a mere seven companies to hold the exclusive rights to produce and sell all the cannabis in the state. Continue reading “Florida Pot Monopoly Compared to a ‘Cartel’”