Cannabis Stocks Gain 6% in First Half of 2021

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%.

However, after hitting the new 52-week high, cannabis stocks fell into a bear market. After falling for most of the last three months, the Advisor Shares US Cannabis ETF closed the first half of 2021 with a 6% gain. Continue reading “Cannabis Stocks Gain 6% in First Half of 2021”

2 Stocks to Play Amazon’s New Cannabis Goal

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.

Today I’ll explain how Amazon’s announcement could impact the cannabis industry and how to potentially profit with two cannabis stocks that just reported impressive first-quarter sales growth. Continue reading “2 Stocks to Play Amazon’s New Cannabis Goal”

Iowa Senator Announces Plans to Introduce Cannabis Legalization Bill

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.

“It is time for Iowa to end marijuana prohibition,” Bolkcom said at a news conference on Monday morning. Continue reading “Iowa Senator Announces Plans to Introduce Cannabis Legalization Bill”

High-Level Coalition Launches Campaign Supporting Legalization in Minnesota

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 Will Be Permitted to Consume Cannabis Off-Duty

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.

Deputy Chief Steve Bell said that the policy is similar to the guidelines already in place for the use of other substances that may affect work performance. Continue reading “Police Officers in Ottawa Will Be Permitted to Consume Cannabis Off-Duty”

Canopy Growth’s Global Opportunity Could Reach $200B, Benchmark Says In Bullish Initiation

Shares of cannabis and hemp company Canopy Growth Corp. (NYSE: CGC) have doubled since the stock began trading on the New York Stock Exchange back in May. Continue reading “Canopy Growth’s Global Opportunity Could Reach $200B, Benchmark Says In Bullish Initiation”

Marijuana ‘Tasting Rooms’ Bill Dies With Colorado Gov.’s Veto

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.

 

Continue reading “Marijuana ‘Tasting Rooms’ Bill Dies With Colorado Gov.’s Veto”

Canada Is All Set To Legalize Marijuana By The End of The Summer

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.

The liberal party currently controls the executive branch of the Canadian government, led by Justin Trudeau. Opposition to cannabis legalization largely comes from the more conservative Senate. Continue reading “Canada Is All Set To Legalize Marijuana By The End of The Summer”

Quebec Battles Federal Law and Facts En Route to Legalization

As Quebec moves—seemingly unwillingly—toward legalization, the details of its legal cannabis framework are still unresolved, which means provincial debate rages on.

Contrary to the federal law allowing up to four plants, Quebec will allow no homegrown cannabis at all.

Continue reading “Quebec Battles Federal Law and Facts En Route to Legalization”

Will New Jersey Marijuana Legalization Include Home Grow?

Will New Jersey marijuana legalization include home grow? As of now, the new governor of the state seems to only be insistent that adults be able to consume cannabis—not grow it.

“Marijuana legalization” doesn’t guarantee fully legal marijuana. Other states allow adults to grow small amounts of cannabis at home. Will New Jersey marijuana legalization allow home grow? Continue reading “Will New Jersey Marijuana Legalization Include Home Grow?”