During the World Wars, hemp was considered a national necessity in the United States, so much that some even consider it a cash crop. Wisconsin was the second largest hemp producer during this time, right behind Kentucky. The history of marijuana in Wisconsin dates back as early as 1908, when hemp was grown experimentally. Wisconsin began to produce an average yield of 1,500 pounds of hemp per acre, which only continued to increase by 1912.
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.