On April 26, 2017, New Frontier Data, an analytics firm, announced that it had released The Cannabis Industry Annual Report: 2017 Legal Marijuana Outlook, revealing some compelling data on the market habits of medical cannabis patients and recreational cannabis consumers across the country.
Tag Archives: Recreational
On April 26, 2017, the Reno City Council rejected a measure that would have imposed a six month moratorium on recreational marijuana dispensaries. The council decided to abandon the moratorium after speaking with local dispensary owners.
WASHINGTON, April 26, 2017 /Weed Wire/ – New Frontier Data, the authority in business intelligence for the cannabis industry, has released, The Cannabis Industry Annual Report: 2017 Legal Marijuana Outlook.
Massachusetts lawmakers are still working out the final provisions in the state’s recreational marijuana law, with one lawmaker proposing banning EBT cards to purchase the recreational drug.
On April 20, 2017, the National District Attorneys Association announced that it had released “Marijuana Policy: The State and Local Prosecutors’ Perspective,” a white paper that argues federal drug policy should be enforced in state-legal marijuana markets in the United States.
Recreational marijuana is now legal in several U.S. states, and more than 20% of people over 21 years old in the country are allowed to smoke legally. CNN’s Cristina Alesci explains what you need to know about the future of the weed industry.
On April 21, 2017, the Vermont Senate voted 21-9 to approve H.308, a bill that would legalize recreational marijuana in the state.
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?
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.
The first U.S. drive-through marijuana dispensary, The Tumbleweed Express Drive-Thru, is set to open on Thursday in a small town in Colorado.
There is an opportunity for excess profits in the Canadian marijuana industry as the market is now in a position to expand at a very high rate, as Canadians have received confirmation that the potential legalization will become a reality.
On April 17, 2017, “Weed & the American Family,” a poll conducted by The Marist College Institute for Public Opinion and Yahoo News, revealed data points on Americans’ perspectives regarding legalization, the evolution of social norms and how marijuana affects relationships.
Over the Easter weekend the internet was abuzz with the news that, seemingly out of nowhere, the state of Texas had legalized recreational marijuana. But did it really? The answer, as it turns out, is a resounding no.
OTTAWA, Canada, April 13, 2017 /Weed Wire/ — The focus of government legislation and regulation in the area of cannabis must be to protect and enhance safety. While the Canadian Pharmacists Association (CPhA) is pleased that today’s federal legislation maintains a separate stream for medical cannabis, we are concerned and disappointed that the legislation fails to enhance patient safety by providing appropriate clinical oversight in the management and dispensing of medical cannabis in Canada.
On Thursday, April 13, 2017, Canada made headlines with its official introduction of legislation to legalize recreational cannabis in the country by July 2018. While the country’s announcement has major national and international implications, cannabis stocks in Canada took a downturn upon hearing the news.
On April 13, 2017, the Minister of Justice and Attorney General of Canada Jody Wilson-Raybould introduced legislation to legalize recreational cannabis in Canada by July 2018.
OTTAWA, Canada, April 13, 2017 /Weed Wire/ — The current approach to cannabis does not work. It has allowed criminals and organized crime to profit, while failing to keep cannabis out of the hands of Canadian youth. In many cases, it is easier for our kids to buy cannabis than cigarettes.
SANTA BARBARA, Calif., April 12, 2017 /Weed Wire/ — On April 11, 2017, the Santa Barbara County Board of Supervisors adopted an ordinance establishing a limited term, non-personal cannabis cultivation and related Operations Registry Program within the unincorporated areas of the county.
Marijuana companies would not have to separate medical and recreational products under a bill heard Tuesday in the Nevada Legislature.
On April 11, 2017, the Rhode Island House Judiciary Committee will hold a hearing on the Adult Use of Cannabis Act, a measure that would legalize recreational cannabis in the state.
While shares have backed off the 52 week highs, Aurora Cannabis is making another run towards the highs as investor enthusiasm increases over recreational marijuana legalization in Canada. Here’s the insider scoop and why we like Aurora Cannabis Inc.
While the Canadian Marijuana Index dipped slightly in March due to federal uncertainties, the Canadian public markets have bounced back today on the news of recreational marijuana legislation being introduced in Canada’s House of Commons this Thursday, April 13, 2017.
On April 6, 2017, Uruguay’s three-year legalization journey hit a pivotal milestone. The Uruguayan government officially gave the okay for pharmacies throughout the country to begin selling recreational marijuana starting in July.
Governors from the first four states to legalize recreational marijuana are asking the Trump administration to let the pot experiments continue.
According to a recently released report from the Alaska Department of Revenue, the state banked $128,000 in marijuana tax revenue for the month of February, marking a slight increase from the $107,500 collected in January.
As the United States Congress begins debating whether to end the federal prohibition of marijuana, Delaware legislators have unveiled a recreational marijuana bill that would legalize adult use in the state.
While the potential market is huge, there’s just one problem. All of Canada’s marijuana stocks are so expensive that no valuation-based investor will touch them. Fortunately, there are ways investors can have their cake and eat it too. All you need to do is identify industries that will get a nice bump from legal pot.
On March 11, 2017, in California, the city of Sacramento announced that it will begin accepting cultivation applications for non-residential medical marijuana cultivation on April 3.
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.
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.
CHICAGO, March 23, 2017 /Weed Wire/ — Senator Heather Steans (D-Chicago) seeks to create a new revenue source for the State of Illinois by legalizing and taxing recreational marijuana. Senate Bill 316 legalizes the possession of up to 28 grams of marijuana and will allow facilities to sell marijuana products.
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 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.
On March 15, 2017, Attorney General Jeff Sessions gave a speech to law enforcement officers in Richmond, Virginia, on his mission to fight violent crime and bolster public safety. It was during his discussion of drugs that Sessions brought marijuana into the conversation, reinforcing a stance that he has previously communicated.
The issue of whether or not to tax and regulate marijuana like alcohol in Rhode Island is gaining additional detractors — and continued staunch supporters.
The leader of the nation’s largest sheriff’s department says he expects federal drug agents will attempt to step up marijuana enforcement as California moves forward with legalization. But Los Angeles County Sheriff Jim McDonnell said he believes there isn’t the manpower to conduct widespread raids on growers and businesses selling marijuana.
in January 2018 two distinct California state laws will come into effect, the Medical Marijuana Regulation and Safety Act and the Adult Use Marijuana Act, the mandating act for a new adult-recreational industry. So the question is: what hoops is an entrepreneur going to have to jump through to avail himself of this double opportunity?
Massachusetts adults can grow and use recreational marijuana, but it’s still illegal to sell the drug without a license. Legislators are looking into how to change the laws.
Publicly-traded marijuana companies had a rough week but got a bounce Thursday following news of raids at the Cannabis Culture dispensary chain owned by Marc and Jodie Emery.
As investors flock to Canada’s burgeoning marijuana sector, Prime Minister Justin Trudeau’s government is signaling recreational pot sales aren’t imminent.
Will Connecticut join the handful of states around the nation to legalize the sale of recreational marijuana?
As many as 10 “supermodels” are handing out hugs and 10,000 free marijuana joints at a cannabis convention ending Wednesday at the Sheraton San Diego Hotel & Marina.
Reports continue to emerge of young teens overdosing and sometimes dying due to the use of drugs containing fentanyl, a potent synthetic opioid. Smoking pot is different than popping pills, but the risk for the government is that the lines might get blurred quite quickly in the eyes of parents who are trying to protect their kids from the current opioid threat.
PORTLAND, Ore., March 6, 2017 /Weed Wire/ — Rob Patridge, Chair of the Oregon Liquor Control Commission, today submitted his resignation to Oregon Governor Kate Brown. Patridge is leaving the OLCC to join the private sector. Patridge’s resignation from the Commission is effective March 10, 2017.
The Israeli government voted on Sunday in favor of decriminalizing recreational marijuana use, joining some U.S. states and European countries who have adopted a similar approach.
In response to White House Press Secretary Sean Spicer’s recent comments on federal marijuana policy, Oregon lawmakers are making moves to protect the the private information of recreational marijuana consumers.
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.
In Oregon, Washington state and Colorado, marijuana tax revenues totaled at least $335 million in either the last calendar year or the last fiscal year.
On March 1, 2017, Pacific Gas and Electric Company announced that licensed medical marijuana cultivators are now eligible for PG&E’s agricultural energy rate and recreational cultivators will be eligible once they’ve been licensed under the Adult Use of Marijuana Act.