Cannabis stocks eked out a small gain in the first half of 2021. But the path to that small gain was quite bumpy.
The sector was on fire early in the year after the Democrats took the White House and both chambers of Congress. At one point in early February, the Advisor Shares US Cannabis ETF (NYSE: MSOS) was up more than 50%.
The U.S. cannabis industry has a powerful new ally – one of the largest and most influential tech companies ever. Not only does this tech goliath support federal cannabis legalization, but it will also invest millions lobbying Congress to make it happen.
State Sen. Joe Bolkcom of Iowa announced on Monday that he plans to introduce a bill that would legalize the recreational use of cannabis for adults. Under his proposal, marijuana would be regulated like alcohol by the state government.
As a congressman, Tim Walz pushed the Department of Veterans Affairs to study medical cannabis for military veterans. And now, as the newly elected Governor of Minnesota, Walz wants to make it the next U.S. state to legalize marijuana. In fact, Walz’s tax-revenue-generating, economic-opportunity-creating, racial-disparity-reducing stance on legalization led Forbes to predict that Minnesota would indeed be the next legal-weed state. Continue reading “High-Level Coalition Launches Campaign Supporting Legalization in Minnesota”→
Police officers in Ottawa, Ontario will be allowed to consume cannabis while off-duty once recreational marijuana is legalized later this month, according to a report from the CBC. The Ottawa Police Services Board adopted a new fit-for-service policy to govern cannabis-use by officers at its meeting on Monday.
Colorado’s governor on Monday vetoed a bill to allow marijuana retailers to set up “tasting rooms,” dashing hopes that the state would be the first to adopt a system letting consumers use marijuana in public spaces.
In an interview with Canadian news program The West Block, parliamentary secretary for the minister of public safety Mark Holland reported that Canadians will be able to buy weed by the end of September.