In this survey we will be reviewing the stocks that make up the North American Marijuana Index. In Part 1, we’ll look at Canopy Growth Corp. (OTCPK:TWMJF), GW pharmaceuticals (NASDAQ:GWPH), Axim Biotechnologies Inc. (OTCQB:AXIM), and United Cannabis Corp. (OTCQB:CNAB).
On March 27, 2017, Annie Nelson, wife of country music legend Willie Nelson, announced the launch of Annie’s Edibles, a line of infused chocolates now available in the state of Washington.
In this World of Cannabis Interview, watch Caroline Cahill, Managing Editor of MJINews.com and Marijuana Industry News magazine, interview Kevin Sutherland, CEO of Canna Mergers.
On March 27, 2017, members of Maine’s Joint Standing Committee on Health and Human Services heard testimony in favor of LD 764, a bill that would allow medical marijuana patients to receive organ transplants.
Aphria Inc. is the newest weed company to graduate to the TSX. The stock has been faring better than its peers, Canopy Growth Corp. and Aurora Cannabis Inc. over the past few months.
After losing a son to opioid addiction last year, a conservative South Carolina Republican is co-sponsoring a medical marijuana bill in the state’s General Assembly. State Rep. Eric Bedingfield said he believes medical marijuana can help people overcome opioid addiction.
Utah’s governor has signed off on a bill that allows research into the risks and benefits of medical marijuana.
On March 27, 2017, California’s Cannabis Banking Working Group held a meeting at Oakland City Hall in Oakland, Calif., to address possible solutions to resolve the state-federal banking issue for California’s legal marijuana businesses. California State Treasurer John Chiang announced the Cannabis Banking Working Group back on Dec. 2, 2016, and today’s event marked the…
Hoping to help fight the proliferation of black market cannabis, two Nevada state lawmakers have introduced legislation that would give an early start to recreational cannabis sales.
Stephen Colbert takes on Attorney General Jeff Sessions and his strong stance on marijuana on The Late Show with Stephen Colbert.
Canadian Prime Minister Justin Trudeau’s government will introduce legislation to legalize marijuana by July 1, 2018, according to a report from CBC News, a move that follows through on one of his Liberal Party’s campaign pledges.
A Nebraska legislative committee has voted to approve a medical marijuana bill, according to a March 18, 2017, article at Omaha.com. Legislative Bill 622, sponsored by state Sen. Anna Wishart of Lincoln, Nebraska, passed the Judiciary Committee with a 6-1 vote. It will now head to the legislative floor.
Beyond the legal issues, the problem for investors is that the industry is filled with small publicly traded companies that are risky bets at best, and outright fraudulent at worst.
Are you concerned about the pedigree of cannabis investment management? If so, just take a good look at the management at MJIC. MJIC is a holding company deploying a diversified business plan in the legal cannabis industry.
MyDx (OTCQB:MYDX) Stock Chart Technical Analysis for March 24, 2017.
On March 20, 2017, the Colorado Department of Transportation announced that it has partnered with the ridesharing company Lyft to introduce the 320 Movement, a campaign to encourage cannabis consumers to plan their rides before getting high.
The political debate over marijuana enforcement has split Atlanta residents, but now a new proposal may be getting a red light. City council members are ready to move on a proposal which would reduce the penalty for possession of small amounts of marijuana, but signaling out of City Hall may put an end to that movement.
On March 22, 2017, the Vermont House Judiciary Committee voted 8-3 to advance H. 170, a bill that would legalize the use of recreational marijuana in the state.
Insys Therapeutics’ stock rose on good news — but not tremendously so.
On March 23, 2017, the Arkansas Senate voted to approve House Bill 1400 and Senate Bill 721, providing requirements and restrictions on the state’s medical marijuana program.
In Ohio, public universities have to test medical marijuana during the first year of the state’s program. Private laboratories are not allowed to do the testing. The law creates a practical problem. Universities do not necessarily want to risk losing federal funding for testing medical marijuana, which remains illegal under federal law.
The House of Representatives approved a bill on Thursday that would nullify the partial marijuana decriminalization laws approved in Nashville and Memphis last year.
On March 21, 2017, California Sen. Jeff Stone, R-Temecula, presented a resolution to the Senate Standing Committee on Public Safety that would have the California State Legislature urge the United States Congress to pass legislation to reschedule marijuana and have President Donald Trump sign it.
In this World of Cannabis interview, watch Caroline Cahill, Managing Editor of Marijuana Industry News, interview Ryan Brown, Co-founder of Tetra Bio Pharma.
On March 17, 2017, Washington, D.C., Mayor Muriel Bowser signed Bill 220138, increasing the medical marijuana dispensary cap from five to six and greenlighting an application period for a sixth dispensary to be located in Ward 7 or Ward 8.
The Florida Senate is approximately two weeks away from passing a bill that would regulate its newly minted medical marijuana program.
Israel, a leader in marijuana research and health technology, is attracting international investment as it tries to position itself as a cutting-edge exporter in the rapidly-growing market for medical-grade cannabis.
Two Illinois legislators have introduced bills to legalize recreational marijuana in the state. However, state Sen. Heather Steans and state Rep. Kelly Cassidy, both Democrats from the north side of Chicago, said they will not put the bills up for a vote this year. Rather, they will hold hearings on the bills with an eye toward putting them up for a vote next year.
Legal marijuana flat-Earthers, like U.S. Attorney General Jeff Sessions, have tried many methods to discredit breakthroughs in medical cannabis, but these efforts at discrediting cannabis stop at the U.S. border.
On March 22, 2017, the Los Angeles City Council approved a motion for the city to create the Cannabis Licensing Commission, with the commission being responsible for the oversight of the city’s recreational cannabis licensing process.
Regulate Rhode Island’s report suggests that legalizing marijuana will create new jobs and bring in tax revenue for the state.
On March 20, 2017, California’s Lemon Grove started to accept its first few applications for potential medical cannabis dispensaries.
A state-run survey of 37,000 middle and high school students in Washington state finds that marijuana legalization there has had no effect on youngsters’ propensity to use the drug.
On March 21, 2017, Rep. Jeremy Faison, the sponsor of a bill that would legalize medical marijuana in Tennessee, announced that he was tabling his bill and turning it over to a legislative task force led by House Speaker Beth Harwell and Lt. Gov. Randy McNally.
As the Ohio Department of Commerce prepares to give licenses to medical marijuana growers, some entrepreneurs want the state to restrict licensees to only those who live in Ohio. Ohio’s medical marijuana law allows the Department of Commerce to grant licenses to 12 large growing operations and 12 small growing operations.
When a marijuana shop recently tried to register Marijuanaville, Jimmy Buffett contested the trademark, claiming that it was too close to his own Margaritaville.
When the House of Representatives convened for its Morning Hour on March 21, 2017, Rep. Tulsi Gabbard, D-Hawaii, took to the floor to urge House members to support H.R. 1227, the Ending Federal Marijuana Prohibition Act.
In Arkansas, House lawmakers have rejected House Bill 1392, a proposal that would have banned the sale of commercial medical marijuana edibles.
American Vice: Black Market Marijuana follows four outlaws who run successful businesses growing, selling, and distributing illegal marijuana.
On March 17, 2017, Connecticut Sen. Ed Gomes announced that he is hosting a panel discussion on March 27 in Bridgeport to discuss recreational marijuana legalization in Connecticut.
Backers of legalized recreational marijuana urged Massachusetts legislators Monday to hold off on making any significant changes to a law voters approved in November.
In the latest speculation about the impact of legal marijuana on beer sales, Cannabiz Consumer Group research shows more than a quarter of beer drinkers have switched or would switch to marijuana, causing a major hit to retail sales of beer. Cannabiz estimates retail sales of beer could drop $2 billion annually, or 7.1 percent of existing sales.
Advocates for medical cannabis are beginning the process to put the on the 2018 ballot for Utah voters to decide.
Advocates want New Hampshire state legislators to allow medical marijuana use for treatment of a disorder that leaves 1 in 5,000 people in chronic pain.
Nevada residents convicted of simple marijuana possession could get a new lease on life if one state lawmaker gets his way. Introduced by Assemblyman William McCurdy II, Assembly Bill 259 would vacate the convictions of Nevada residents who had been caught with one ounce or less of marijuana before Jan. 1, 2017.
Hawaii has been given the green light to open up dispensaries for medical marijuana patients, but when will that happen?
On March 18, 2017, the Oregon Liquor Control Commission announced that it had issued a recall on nine pounds of marijuana flower produced by Emerald Wave Estate and sold by Buds 4 U in Mapleton due to the presence of unsafe levels of pesticide residue.
Marijuana grown by the federal government for research purposes does not have the same quality as the pot from other sources. Until recently, the U.S. federal government had to grow all the marijuana that would be used in scientific research, but researchers have found the government’s pot to be, essentially, irrelevant.
Major cannabis stock indices have been falling for three consecutive weeks, ever since White House Press Secretary Sean Spicer suggested the federal government would enforce federal law in states where recreational weed has been legalized.
On March 17, 2017, event organizers behind the Denver 420 Fest, a two-day cannabis festival, announced that the event has been canceled.