Pixabay / qimono / CC0 Public Domain
Millions of North American investors have become transfixed by the marijuana industry.
The medical marijuana industry seems to only be in its infancy. Great progress has been made using the drug to treat everything from chronic pain to seizures. Now that it has gained more acceptance, money is pouring into the sector. That cash will fund research which will likely lead to bigger breakthroughs.
But the medical marijuana market pales in comparison to the recreational pot market.
California Insurance Commissioner Dave Jones has been on a mission to ensure state-legal cannabis businesses have commercial insurance coverage and with his announcement of the first California cannabis surety bond program on Feb. 21, 2018, he continues to make progress.
More strife is on the horizon for Ohio’s troubled medical cannabis program. On Feb. 20, 2018, a group of unsuccessful medical cannabis applicants, led by Jimmy Gould of CannAscend Ohio LLC, filed a lawsuit challenging the state’s medical cannabis licensing process.
While the province of Newfoundland and Labrador has its key policies in place for recreational legalization and has secured a supply agreement with Canopy Growth Corporation (TSX:WEED) to provide cannabis for the province, it is now ready to hear from prospective cannabis retailers.
