On June 21, 2017, the Massachusetts House of Representatives voted overwhelmingly to approve a bill that would impose a major overhaul of the state’s recreational marijuana laws.
Tag Archives: Legalization
Mexican medical marijuana businesses and their investors will have a long time to wait before seeing profits from the newly legalized industry.
Canada’s recreational cannabis legalization is planned for a rollout in July 2018, but provinces and territories are in charge of drafting and establishing jurisdiction-specific rules, so they’ve been working hard to create rules that fall within the country’s legalization framework.
On June 19, 2017, Mexican President Enrique Peña Nieto signed a measure into law that legalizes marijuana for research and medicinal purposes.
FREDERICTON, N.B., June 21, 2017 /Weed Wire/ – A proposed provincial model for the legalization of recreational cannabis was outlined today in an interim report released by a government working group.
Oklahoma medical marijuana legalization may become a reality in 2018 as a legalization initiative has qualified for the state’s 2018 ballot.
Democratic lawmakers in the Garden State are making moves on a New Jersey recreational marijuana bill. On June 19, 2017, the state Senate Judiciary Committee held a formal hearing on S-3195, a bill that would legalize, tax and regulate recreational marijuana in the state.
On July 1, 2017, Nevada will legalize the use and sale of recreational marijuana, which could be a catalyst for long-term gains for three cannabis stocks.
On June 16, 2017, the Massachusetts Senate introduced an outline to a bill that preserves the current tax rate on retail marijuana sales. The proposal is in stark contrast to the measure put forth by the Massachusetts House of Representatives.
Vermont just might get another chance at legalizing recreational marijuana. According to the Associated Press, Vermont Gov. Phil Scott has said that he still thinks it’s possible to reach a legalization deal before the legislature meets for a special two-day veto session.
TRENTON, N.J., June 15, 2017 / Weed Wire/ — On Monday, the New Jersey Senate Judiciary Committee will hold a hearing on Senate Bill 3195 at 11:00 am in Committee Room 4 in the New Jersey Statehouse. Senate Bill 3195, introduced last month by Senator Nicholas P. Scutari (D-Middlesex, Somerset, Union), would legalize small amounts of marijuana for adults 21 years and older.
TRENTON, N.J., June 12, 2017 /Weed Wire/ — Today, the New Jersey Office of the Drug Policy Alliance launched its racial justice focused marijuana legalization campaign with a video produced by Brave New Films.
SACRAMENTO, Calif., June 12, 2017 /Weed Wire/ — The Libertarian Party of California strongly supports legal marijuana, for either medical or recreational use. However, we oppose the increase in new laws and regulations that has accompanied this trend.
In 2016, more than 750,000 people in the state of California were registered medical marijuana users, making up nearly 2 percent of the state’s population. So what will change for the medical industry since the legalization of marijuana? Prices.
Texas medical marijuana reform is unlikely to occur in 2017. On May 29, 2017, the state’s legislative session came to a close; and with it, all hopes of passing House Bill 2107, a bill legalizing medical marijuana in the state.
Canadian marijuana stocks have been on a punishing slide for three straight months despite a temporary blip of investor fever in April that sent share prices soaring to record highs as Ottawa tabled legislation to legalize pot.
NBA analyst Brian Windhorst confirms that the Cleveland Cavaliers’ locker room smelled like marijuana, and Jalen Rose does not see a problem with it.
On June 2, 2017, Alberta, one of Canada’s western provinces, announced that it is seeking input from Albertans on the province’s recreational marijuana rollout.
EDMONTON, Alberta, June 2, 2017 /Weed Wire/ — The survey, along with a series of stakeholder engagements, will help guide how Alberta will adapt to proposed federal legislation that would legalize cannabis by July 2018. Albertans are asked to visit alberta.ca/cannabis to learn more about cannabis legalization and participate in the survey, which will run until July 31, 2017.
After a vote from the state House of Representatives, a New Hampshire marijuana decriminalization bill is headed to Gov. Chris Sununu’s desk. On June 1, 2017, the House approved House Bill 640, which would reduce the penalty for minor possession of marijuana.
As public support for legalization rises, policymakers are left to figure out the proper way to handle marijuana taxes if their state follows the trend.
On May 25, 2017, the Maine Senate voted unanimously to approve LD 243, a measure that would fund legalization implementation for the state’s recreational marijuana market.
AUGUSTA, Maine, May 25, 2017 /Weed Wire/ — The Maine Legislature has passed a bill to fund the implementation of the successful 2016 marijuana legalization initiative and change the agency that will regulate marijuana for adult use.
On May 24, 2017, Vermont Gov. Phil Scott vetoed recreational marijuana legalization. Scott announced his decision during a press conference, citing concerns over health and public safety as his main reasons for vetoing S. 22, the legalization legislation that had been approved by the state legislature.
Connecticut lawmakers are questioning if legal marijuana is the best option in fixing the New England state’s current budget crisis.
A South Dakota marijuana legalization petition has been approved by Attorney General Marty Jackley. On May 17, 2017, Jackley issued an Attorney General Explanation for the legalization initiative that aims to legalize all quantities of marijuana and have the South Dakota Department of Agriculture establish a regulatory system for recreational marijuana.
JUNEAU, Alaska, May 18, 2017 /Weed Wire/ – In February of 2015, following the legalization of recreational marijuana in Alaska, the Alaska Police Standards Council (APSC) examined the applicable state regulations prohibiting certified police, correction, probation/parole, and municipal corrections officers from using or consuming marijuana and determined by a unanimous vote that the regulations should and would remain unchanged.
Countries around the globe are embracing legal medicinal or recreational cannabis, and the industry is reacting accordingly.
PIERRE, S.D., May 17, 2017 /Weed Wire/ — South Dakota Attorney General Marty Jackley announced today an Attorney General Explanation for a proposed initiated measure has been filed with the Secretary of State.
While investors holding for the past year have still made a positive return, there may not be much room left for marijuana companies’ shares to run higher.
The California city has not forced any delivery businesses to shut down while officials sort out the rules for legalization in Sacramento.
SEATTLE, Wash., May 10, 2017 /Weed Wire/ – A new study by Canna Ventures reveals expanding legalization is changing consumer attitudes and clarifying who will be the cannabis consumers, and who won’t.
DETROIT, Mich., May 5, 2017 /Weed Wire/ — The Coalition to Regulate Marijuana Like Alcohol officially submitted ballot language to the State of Michigan today that would legalize adult consumption of marijuana in Michigan. Signature collection drive is expected to begin shortly after the State Board of Canvassers meets to review and approve the petition language that would place the marijuana legalization initiative on Michigan’s November 2018 statewide ballot.
MONTPELIER, VT., May 8, 2017 /Weed Wire/ – The Vermont Senate passed a bill on Friday that would make personal possession and cultivation of small amounts of marijuana legal for adults 21 and older beginning in July 2018.
On May 2, 2017, the Vermont House of Representatives voted 75-71 to approve H.170, a bill that would legalize recreational marijuana statewide.
SANTA ROSA, Calif., May 3, 2017 /Weed Wire/ — Since December, California State Treasurer John Chiang’s Cannabis Banking Working Group has been engaged in an ongoing effort to ensure a safe and smooth transition for the public.
According to a recent poll published by Elon University, North Carolina marijuana legalization is gaining momentum, with more than half of the state’s citizens ready to legalize the plant for medicinal purposes.
Can marijuana stocks keep going higher? The answer could depend more on the laws of supply and demand than current U.S. laws.
On April 27, 2017, in an interview with Chuck Todd, host of NBC’s Meet the Press, Colorado Gov. John Hickenlooper recounted a recent talk he had with Attorney General Jeff Sessions and indicated that he doesn’t foresee Sessions cracking down on state-legal marijuana.
When it comes to the cannabis industry, it’s difficult to even find an accurate comparison in business. Every business in this industry is effectively a startup in addition to the fact that we’re in one of the newest and fastest growing industries in the world; that makes it like a startup on steroids. To say it’s unpredictable and risky is an understatement.
Three Canadian medical cannabis companies, which have been expanding their growth operations like crazy over the past couple of quarters, could be in line for significant sales growth if Trudeau’s legislation passes.
In honor of 4/20, The Daily Show host, Trevor Noah, breaks down how Attorney General Jeff Sessions is ramping up enforcement of marijuana laws and makes the case that President Trump is always high.
On April 21, 2017, the Vermont Senate voted 21-9 to approve H.308, a bill that would legalize recreational marijuana in the state.
On April 20, 2017, supporters of legalization took to the United States Capitol in Washington, D.C., to advocate for marijuana reform by hosting a congressional joint giveaway, but the demonstration didn’t last long.
A new report published in Health Affairs found that if all states had legalized medical marijuana in 2014, Medicaid could have saved $1 billion in spending on prescriptions.
Prime Minister Justin Trudeau recently introduced legislation to legalize use of recreational marijuana in Canada. While legalization should help Canadian marijuana providers, could it also provide a boost to U.S. marijuana stocks?
Coinciding with the national marijuana holiday of 4/20, a notorious marijuana prohibitionist blasted efforts to legalize marijuana nationwide while speaking at a drug abuse summit in Atlanta, Georgia.
On April 20, 2017, Quinnipiac University announced the results of its latest national poll and found that 60% of American voters believe marijuana use should be legalized in the United States, the greatest level of federal legalization support ever recorded by Quinnipiac.
HAMDEN, Conn., April 20, 2017 /Weed Wire/ — American voters say 60 – 34 percent “that the use of marijuana should be made legal in the U.S.,” the highest level of support for legalized marijuana in a Quinnipiac University national poll. Republicans and voters over 65 years old are the only listed party, gender, education, age or racial groups to oppose legalized marijuana.
On April 19, 2017, West Virginia Gov. Jim Justice signed Senate Bill 386, also known as the West Virginia Medical Cannabis Act, legalizing medical cannabis as a treatment option for patients suffering from one of several qualifying conditions.