MJIC Inc. has added five new companies to the U.S. Marijuana Index as a result of its quarterly rebalancing. In order for a company to be in the index, they have to have a weighted average minimum market capitalization of $30 million, daily trading volume of $600,000 and a share price that is at least 10 cents. Companies with over $5 million in revenue per year are exempt from these requirements.
- Oklahoma Medical Marijuana Legalization Initiative Makes 2018 Ballot
- #JusticeForJawara: Peter Tosh’s Son Beaten into Coma While Imprisoned for Cannabis
- State Senate Approves PTSD for New York Medical Marijuana Program
- New Nevada Marijuana Laws Will Turn State into a Cannabis Destination
- Mexico Legalizes Marijuana for Research and Medicinal Purposes
The Pennsylvania medical marijuana program is getting closer to being operational. On June 20, 2017, the Pennsylvania Department of Health announced that it had issued 12 grower/processor permits, with the clock ticking on permittees to have their facilities operational within six months before they can start cultivating medical marijuana.
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.