The North American Marijuana Index, a stock index that tracks the top performing cannabis stocks in the U.S. and Canada, increased 18% in January.
The New Mexico Medical Cannabis Program started 2018 on a high note, with the most enrolled patients it has ever had. As the month of January came to an end, the program had 47,840 registered patients, a nearly 50% increase from January 2017.
Oregon’s cannabis market has been scrutinized over the past year and with the recent release of a state cannabis audit, scrutiny of the state’s cannabis tracking and licensing systems has intensified.
Prior to recreational cannabis legalization in California, unlicensed cannabis companies proliferated under a system that didn’t require state licenses to operate medical cannabis businesses; however, the opportunity for those operating under the guise of legality is over in California and a popular cannabis dispensary and strain review website is erring on the side of caution.
In an effort to hear what the public thinks about the proposed recreational cannabis regulations, the Massachusetts Cannabis Control Commission is traveling from county to county to gather feedback.
Israel has temporarily suspended medical cannabis exports. According to Haaretz, Israeli Prime Minister Benjamin Netanyahu was responsible for the suspension and has ordered a review from both the Health Ministry and the chairman of the National Economic Council.
A Colorado credit union dedicated to serving the cannabis industry is one step closer to becoming fully operational. On Feb. 5, 2018, the Fourth Corner Credit Union was given conditional approval by the Federal Reserve Bank of Kansas City for a master account.
Canada is nearing its rollout of recreational marijuana this summer and while there have been challenges in keeping up with the federal deadline, the British Columbia marijuana market is taking shape.
Recreational cannabis might be heading for the New Mexico ballot in 2018. On Feb. 2, 2018, the New Mexico Senate Rules Committee voted 4-3 to approve Sen. Gerald Ortiz y Pino’s Senate Joint Resolution 4, a measure which would allow state residents to vote on cannabis legalization in the next general election.
A new report has confirmed that Alaska’s marijuana tax revenue fell short two months in a row. The dip started in November 2017 and continued downward through December 2017.
Controversial rules regulating Maine’s medical cannabis program will not go into effect as scheduled. On Jan. 31, 2018, Gov. Paul LePage agreed to delay implementation of the medical cannabis rules, which would have gone into effect on Feb. 1, 2018, until May 2018.
In California, officials with the city of Oakland have been working for more than a year to create and implement the city’s Dispensary Equity Permit Program, and with the winners of Oakland dispensary licenses having been announced, the fruits of their labor are being realized.
Can cannabis protect individuals from alcohol-related liver damage? Maybe. According to a study published in the journal Liver International, heavy alcohol users that use cannabis on a daily basis have reduced incidence of liver disease than those that do not.
Not only do the rules for marijuana consumption vary from state to state, but so do the prices. From coast to coast, marijuana prices in the United States range from just over $7 in the west to nearly $18 in the east.
United States Attorney General Jeff Sessions may have reversed federal marijuana enforcement policy, but that isn’t stopping the Golden State from studying how to move forward with creating a public cannabis bank to serve the state’s legal cannabis industry.
Two legislative committees in the Pine Tree State have decided that they need more time to perfect Maine marijuana regulations. On Jan. 25. 2018, the state legislature’s Health and Human Services Committee voted to approve a moratorium bill that would delay the implementation of new medical marijuana rules issued by the state Department of Health and Human Services.
Canadian cannabis legalization is rolling out this summer and the country’s provinces are under a tight deadline to be up and running, but it looks like the legal Nova Scotia cannabis market may be ahead of the game as far as distribution goes.
While employers in states with legal cannabis may not want employees to show up to work high, almost half of cannabis users have admitted that they’ve gone to work high, according to new survey results.
Recreational cannabis legalization is on Canada’s horizon and as a means of understanding pre- and post-legalization markets, Statistics Canada has been analyzing historical data to get a sense of what the future of legal cannabis may hold for the country and if its most recent report is any indication, Canadian cannabis consumers are ready to open their wallets when it comes to cannabis.
A poll commissioned by the prohibitionist group Smart Approaches to Marijuana has accidentally shown how wildly unpopular cannabis prohibition is in the United States.
While the Keystone State’s medical marijuana program has only just begun, Auditor General Eugene DePasquale is ready for Pennsylvania legalization to tap into the recreational market to benefit the state budget, reduce the costs associated with simple possession arrests, curb the opioid epidemic and create jobs.
The Nevada Tax Department is taking steps to address issues with state-licensed cannabis testing facilities. According to the Las Vegas Review-Journal, four of the the state’s nine licensed cannabis testing facilities have been suspended in the last five months.
With the Great White North preparing to become the first G7 nation to launch recreational legalization, the federal government wants to inform its journey into uncharted territory by providing $1.4 million in funding to Canadian cannabis research projects.
It has been just over six months since Nevada began selling legal recreational cannabis, and sales continue to surpass the Silver State’s projections.
Illinois patients suffering from chronic pain may soon have a new way to treat their medical condition. On Jan. 16, 2018, Cook County Judge Raymond Mitchell ordered the Illinois Department of Public Health to add chronic pain as a qualifying condition for the state’s medical marijuana program.
Since United States Attorney General Jeff Sessions first criticized the Washington cannabis industry in July 2017, Gov. Jay Inslee and Washington State Attorney General Bob Ferguson have defended the industry; however, Sessions’ memo on Jan. 4, 2018, announcing a reversal of federal cannabis enforcement policy, may have prompted the state to bolster its position.
Support for expanding the Georgia medical marijuana program is at an all-time, according to a new poll released by The Atlanta Journal-Constitution.
The Green Mountain State just got a little bit greener as Vermont recreational marijuana is now a reality. On Jan. 22, 2018, Vermont Gov. Phil Scott signed H. 511, legalizing recreational marijuana in the state. This makes Vermont the ninth state to legalize recreational marijuana and the first state to do so via the state legislature instead of a ballot initiative.
While the Grand Canyon State may have failed to legalize recreational marijuana in 2016, Arizona dispensaries ran full steam ahead with medical marijuana sales in 2017, selling more than 43 tons by the end of the year, according to an end-of-year report from the Arizona Department of Health Services.
On Jan. 18, 2018, Sen. Anna Wishart introduced an amendment resolution that would call for Nebraska residents to vote on the legal status of medical cannabis in the November election.
In an effort to halt implementation of new regulations governing Maine medical marijuana caregivers, two medical marijuana shop owners, along with two unnamed patients in their care, have filed a lawsuit against the Maine Department of Health and Human Services, which oversees the state medical marijuana program.
When legal cannabis sales commenced in the Centennial State in 2014, some opponents were concerned that negative public health effects would outweigh any positives derived from tax revenue; however, under the state’s helm, the Colorado cannabis industry continues to make the grade in public cannabis education.
Minorities in the state of Maryland are at a disadvantage in the state’s medical cannabis licensing process, according to the report of a state consultant hired to review a 2017 disparity study after controversy arose over the fact that no minority-owned businesses were awarded a medical cannabis license.
The Keystone State’s first cultivator was greenlit this past October and while Gov. Tom Wolf announced that the first Pennsylvania medical marijuana dispensary had been approved to start serving patients on Jan. 4, 2018, the dispensary wasn’t quite ready to open its doors until recently.
Could New York become the next state to legalize recreational marijuana? On Jan. 16, 2018, New York Gov. Andrew Cuomo announced his proposed FY 2019 state budget, which includes funding for the creation of a feasibility study aimed at understanding the social, health, and criminal justice impact of legalizing recreational marijuana in the state.
With the Picture Province estimating that recreational legalization will create hundreds of new jobs and generate up to $150 million annually in recreational sales, the province has named the fourth New Brunswick recreational cannabis supplier.
On Jan. 16, 2018, Canadian cannabis company Canopy Growth Corporation (TSX: WEED) announced its arrangement to provide marijuana to the province of Prince Edward Island.
Can children use medical marijuana on public school grounds? If you’re a particular 11-year-old girl from Illinois, then the answer is yes.
While central Oregon cannabis retailers passed the state’s sting operation on Dec. 19, 2017, with flying colors, retailers in the rest of the state didn’t fare as well in the latest sting operation.
During his campaign, governor-elect Phil Murphy voiced his support for marijuana legalization in his state of New Jersey. Though Murphy is not officially in office until next week, Sen. Nicholas Scutari has already made moves to fulfill Murphy’s campaign promise.
The outrage over United States Attorney General Jeff Sessions’ reversal of federal cannabis policy continues to grow, with a group of American mayors the latest to join the clarion call.
The North American Marijuana Index, a stock index that tracks the top performing cannabis stocks in the U.S. and Canada, increased 61% in December.
While the fate of legal cannabis may be uncertain in the United States, Canada continues to make progress on its planned rollout of recreational cannabis this summer.
Only a week into the New Year and it’s already been a rollercoaster ride for medical marijuana in the United States. Though some states have overcome regulatory hurdles, it seems like Massachusetts medical marijuana dispensaries are running into new banking issues.
When United States Attorney General Jeff Sessions issued a memo on Jan. 4, 2018, announcing the reversal of federal marijuana enforcement policy, politicians across the country were outraged, and now the Pelican State has joined in and asked President Donald Trump to protect Louisiana medical marijuana.
A legalization bill in the state of New Hampshire has just cleared its first legislative hurdle. On Jan. 8, 2018, the state House of Representatives voted to give preliminary approval to an amended version of HB 656, a bill legalizing recreational marijuana in the state.
On Jan. 8, 2018, the Bread Basket of Canada announced that approximately 60 Saskatchewan cannabis retail permits will be awarded to private operators distributed across 40 Saskatchewan municipalities and First Nations that have populations of at least 2,500.
Cannabis may be legal in California, but that doesn’t mean that reefer madness has gone away. According to a report by FOX40, the California Department of Traffic Safety has pulled an anti-drugged-driving PSA over concerns that it encouraged cannabis use.
While United States Attorney General Jeff Sessions has reversed federal marijuana enforcement policy, it appears his stance on American marijuana legalization isn’t representative of the country’s politicians or its people.
On Jan. 4, 2018, the Vermont House of Representatives voted to approved H. 511, a bill legalizing recreational cannabis in the state.