Legal cannabis is expected to be one of the fastest-growing industries in the world in the next five years. According to leading cannabis market-research firm Arcview, legal cannabis sales will more than double in the next five years. (more…)Read Full Article
The big talk in the cannabis sector right now is how much cannabis stocks have struggled in 2019.
The cannabis ETF Alternative Harvest (NYSE: MJ) is down 25% in 2019 and 50% from the 52-week high.
Sector leader Canopy Growth Corp (TSE: WEED, NYSE: CGC) led the market lower, down 30% in 2019 and more than 60% from the 52-week high.
Excitement about the booming cannabis industry is at an all-time high. So while this decline has been disappointing for shareholders – it has also created a long-awaited opportunity. (more…)Read Full Article
AusCann Group Holdings Ltd. (ASX: ACNNF) is a new name on the cannabis scene. Shares debuted on the Australian Stock Exchange on February 21 at $0.20 through a reverse merger. At first, shares were quiet. But since becoming the first Australian company to receive a cannabis permit, shares have been on the move…Read Full Article
Assembly Bill 1578, would take steps to protect CA’s legal cannabis operations from being harassed by federal enforcers.Read Full Article
Last week, a federal judge ruled that preventing cannabis companies from making political campaign contributions was unconstitutional. Jacob Huebert, a senior attorney at Liberty Justice Center, said, “They have every right to speak out about politics and participate in it and try to influence the laws just like the rest of us do.”Read Full Article
In the 2016 election cycle, marijuana companies pushed $75K to legislatures, with almost half going Democratic Sen. Tick Segerblom. Segerbolm’s 32 donations came from various Nevada companies and organizations, including Terra Tech Corp (TRTC), Nevada Dispensary Association, and NV Cann Lab.Read Full Article
Brain injuries have been a hot topic for the NFL. Cannabidiol, one of over 100 chemical compounds found in cannabis, is said to help stabilize the brain after injury. While marijuana remains one of eight drugs banned by NFL, new concussion testing may help to change policies.Read Full Article
New Frontier Data reports that the cannabis industry will create over 280K jobs over the next 3 years. Trump and federal resistance may prevent this job growth from coming to fruition.Read Full Article
Terra Tech is in the final design stage of a new facility projected to produce over one metric ton of premium grade cannabis per year in Oakland, California. Construction should be completed by the end of Q4 2017.Read Full Article
In a White House press briefing, press secretary, Sean Spicer, suggested that legalized recreational marijuana would contribute to the nation’s opioid crisis. At this time, research suggests that opioid addiction is directly linked to excessive and improper prescriptions.Read Full Article