Shares of Insys Therapeutics, a small-cap biotech with a focus on pain management, plunged as much as 30% on Wednesday after receiving a double whammy.
Tag Archives: Donald Trump
Rep. Matt Gaetz has been in Congress for less than a year, but the Florida Congressman has already become one of the House’s foremost leaders working to reform federal marijuana policies. Just one problem: GOP leadership doesn’t seem especially interested in giving the issue a fair shake.
In his temporary budget-dealing with Democrats, President Trump has agreed to continue a ban on using federal funds to interfere in states’ legal cannabis practices, but as 2018 nears, a government stance is largely still up in the air.
On Sept. 6, 2017, organizers behind Cannabis World Congress & Business Expositions announced that the events in Los Angeles and Boston would no longer feature political provocateur Roger Stone as keynote speaker. The announcement comes after weeks of outrage and threats of boycott from marijuana organizations over Stone’s inclusion.
Governors in at least two states that have legalized recreational marijuana are pushing back against the Trump administration and defending their efforts to regulate the industry.
Roger Stone is a top Republican strategist, lobbyist, and longtime advisor to Donald Trump. He’s known for getting down and dirty in his lobbying, and in fact, is the subject of the popular Netflix documentary, Get Me Roger Stone, that explores the life and career of strategy and public policy. Recently however, Stone has had a change of heart on one hot-button issue in modern politics: Marijuana.
The head of the U.S. Secret Service is easing restrictions on past marijuana use by prospective recruits in an attempt to boost the ranks of the agency.
One of the largest veteran services organizations in the United States is making a push to change marijuana’s status as a Schedule I substance.
The marijuana industry, and marijuana stock investors for that matter, have been expanding by leaps and bounds over the past two decades. One good way to keep this up is through university-based clinical studies. Studies like these really fan the flame of what might be possible with cannabis-based medicines.
The questions surrounding marijuana legalization have pushed many to wonder about the possibility of a marijuana stock bubble. And for good reason.
On May 5, 2017, President Donald Trump signed the 2017 omnibus funding bill, covering the federal government’s funding through Sept. 30. The bill contains a provision that bans the Department of Justice from using funds to enforce federal marijuana laws in states that have legalized medical marijuana; however, Trump issued a signing statement that has clouded the future of medical marijuana.
With multiple companies showing returns of more than 100%, you have what has turned into one of the more attractive sectors for investors in 2017. But is this the right move? Are marijuana stocks worth it? Most importantly, is now the time to invest in marijuana stocks?
Gov. Chris Christie on Monday unleashed a diatribe against the increasing push to legalize recreational marijuana in New Jersey, warning that it’s “not time for us to be cool and say, ‘Pot’s OK.'”
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.
Colorado lawmakers on Thursday backed off plans to become the first U.S. state to regulate marijuana clubs, saying approval of Amsterdam-style pot clubs could invite a federal crackdown.
Medical marijuana remains the safest investment route — if you’re forced to choose one — so here’s a brief rundown of the cannabinoid-based drugs working their way through clinical and preclinical trials.
Stephen Colbert takes on Attorney General Jeff Sessions and his strong stance on marijuana on The Late Show with Stephen Colbert.
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.
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.
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.
Marijuana has quickly become the next “can’t miss” investing idea for investors across North America. Despite this huge potential market, people are reluctant to put any of their cash into this market
The second day at the California Cannabis Business Expo, Monday, March 6, kicked off with a discussion of the “Trump effect,” by Lawrence W. Horwitz, of Horwitz + Armstrong, a law firm and professional corporation headquartered in Lake Forest, California.
“The Trump effect is good news for the cannabis industry,” said lawyer Lawrence Horwitz at the California Cannabis Business Expo in San Diego on Monday. That comment shocked many attendees who fear that the Trump administration is going to crack down on recreational marijuana.
A newly released survey from the independent Quinnipiac University really demonstrates just how strongly the American public wants to see marijuana legalized, and how certain they are that state’s rights should prevail.
Bets on marijuana companies helped an Australian manager soar 145 percent last year to become the world’s best-performing hedge fund.
A federal crackdown on marijuana isn’t bad news for all marijuana stocks.
While President Donald Trump vowed on his campaign trail to let states decide the fate of marijuana legalization, recent comments by the Trump Administration seem to negate his campaign promise and have created a ripple effect in the public cannabis markets.
Enforcing marijuana laws: FNC’s Alicia Acuna on concerns the Trump Administration may get tougher on enforcement of federal laws against recreational marijuana use.
On Feb. 23, 2017, during a daily briefing, White House Press Secretary Sean Spicer answered a reporter’s question regarding marijuana enforcement, prompting immediate reactions from members of the legal cannabis industry.
White House Press Secretary Sean Spicer on Thursday made comments about marijuana that both ignited concern in some and sparked hope in others within the state of California.
The newly formed House Cannabis Caucus, co-launched by Alaska Republican Congressman Don Young, responded Thursday to a statement from a White House spokesman about potentially increasing federal prosecution of recreational smokers.
WASHINGTON, Feb. 23, 2017 /Weed Wire/ — Rep. Jared Polis (D-Colo.) released the following statement after White House Press Secretary Sean Spicer suggested that the Trump administration will step up enforcement of federal laws against recreational marijuana.
WASHINGTON, Feb. 23, 2017 /Weed Wire/ – The bipartisan Congressional Cannabis Caucus – co-chaired by Reps. Don Young (AK-At Large), Earl Blumenauer (OR-03), Dana Rohrabacher (CA-48), Jared Polis (CO-02) – today released the following statement in response to White House Press Secretary Sean Spicer’s suggestion that the Trump administration will step up enforcement of federal laws against recreational marijuana.
During a White House Daily Briefing on Feb. 23, 2017, press secretary Sean Spicer gave insight into how the Trump Administration may proceed in regards to the enforcement of federal marijuana law.
On Feb. 16, 2017, the Congressional Cannabis Caucus held a press conference in Washington, D.C., to address the future of cannabis policy reform in the United States.
Jeff Sessions was sworn in as the new U.S. Attorney General Thursday. Sessions was confirmed Wednesday with a 52-47 vote, vowing in his subsequent speech to “defend the lawful orders” of President Donald Trump. The Attorney General is known for his criticism regarding the legalization of marijuana.
TRENTON, N.J., Feb. 10, 2017 /Weed Wire/ — With the confirmation and swearing in of U.S. Attorney General Jeff Sessions, those in the cannabis industry are more than a little concerned.
WASHINGTON, Feb. 9. 2017 /Weed Wire/ — The Marijuana Policy Project (MPP) has issued the statement below regarding the Senate’s confirmation of Jeff Sessions as attorney general on Wednesday evening.
WASHINGTON, Feb. 9. 2017 /Weed Wire/ — National Cannabis Industry Association executive director Aaron Smith issued the following statement in response to Senator Jeff Sessions’ confirmation as new U.S. Attorney General.
The lawn-and-garden company Scotts Miracle-Gro has spent more than $200 million on all things related to hydroponics in hopes of making money from the growing legal marijuana sector, according to the Columbus Dispatch. Scotts Miracle-Gro plans to hold its next board of directors meeting in Colorado, where marijuana was legalized for adult use in 2014.
While there are a number of big issues and industries that could be impacted by the Gorsuch nomination (should he be confirmed), the marijuana industry and marijuana stocks have to be wondering how this nomination could impact them.
Boulder District Attorney Stan Garnett said he is the only active prosecutor from Colorado in the group of prosecutors from across the country who will help advise the Donald Trump administration on marijuana policies.
In response to President Donald Trump’s nomination of Jeff Sessions for Attorney General, Illinois State Treasurer Michael Frerichs announced on Jan. 24, 2017, that he sent a letter to Trump urging him to issue clear guidance to banks on working with the legal marijuana industry.
Complex News’ Nadeska Alexis and Speedy Morman visit the DCMJ headquarters in Washington D.C., ahead of Donald Trump’s inauguration to find out how organizers put together their Trump 420 demonstration and rolled over 4,200 joints, which were handed out for free and smoking Trump’s inaugural speech.
SPRINGFIELD, Ill., Jan. 24, 2017 /Weed Wire/ — The availability of medical marijuana in Illinois is in jeopardy depending upon how the President Donald Trump administration approaches the enforcement of marijuana and banking laws, Illinois State Treasurer Michael Frerichs said today.
As U.S. Senate hearings began on Jan. 10, 2017, for Sen. Jeff Sessions, President-elect Donald Trump’s anti-marijuana nominee for Attorney General, rumors about the Drug Enforcement Agency shutting down dispensaries were already circulating.
On Jan. 20, 2017, attendees of Donald Trump’s inauguration in Washington, D.C., may get free joints, or at least a contact high, at the presidential ceremony.
Matthew Segal, editor in chief of ATTN:, recently sat down with comedian and talk-show host Bill Maher for an interview. Segal asked, “Are you bullish on the future of marijuana now?” Maher said, “I wasn’t even a year ago.” He said people have tried to get him to invest in marijuana companies or to put his name on products, but he recalled a friend who went to jail on marijuana-related charges in 2000.
Their position on marijuana is hardly the only difference between Canada’s prime minister and the president-elect of the United States.
The U.S. government should keep banks from cutting off the accounts of vendors who work with state-sanctioned marijuana businesses, 10 U.S. senators said in a letter to the Treasury on Wednesday.