It looks like the California Insurance Commissioner has taken a pivotal step for the state’s cannabis industry. On Nov. 2, 2017, Dave Jones approved a commercial insurer’s offering of cannabis business insurance for the first time.
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On Oct. 19, 2017, the Congress of Peru voted overwhelmingly to approve a law that legalizes the import, production and sale of medical cannabis oil in the country.
People who smoke marijuana have a three times greater risk of dying from hypertension, or high blood pressure, than those who have never used the drug, scientists said on Wednesday.
GW Pharmaceuticals is set to file its cannabis-derived drug with U.S. regulators imminently, following publication of detailed data on its success in fighting severe childhood epilepsy.
Washington Governor Jay Inslee on Tuesday signed a bill that paves the way for the state to create what is believed to be the first system in the United States to certify marijuana as organic.
College is increasingly a gateway for young adults in the U.S. to begin using marijuana and the risk keeps growing the more “normalized” pot use becomes, researchers say.
Where medical marijuana is legal, adults are more likely to use the drug illegally and are at an increased risk of cannabis use disorder, according to a new study.
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.
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.
Peru is a conservative nation with strict drug laws and a politically right-leaning Congress, but when police raided a lab in which mothers made medical marijuana for their sick children, attitudes began to change, according to a March 2, 2017, article by Reuters.
More than two dozen U.S. states have legalized some form of marijuana for medical or recreational use, but the drug remains illegal at the federal level and in Texas. On Thursday, Houston officials announced the city will decriminalize low-level marijuana possession.
California state Sen. Mike McGuire doesn’t think that his state will be ready to collect taxes from recreational marijuana cultivators by the start of next year.
On Jan. 19, 2017, the German Bundestag, the national parliament of the Federal Republic of Germany, adopted a law to legalize medical cannabis, according to a statement from the Bundestag.
Shares of industrial warehouse companies such as Prologis Inc, Rexford Industrial Realty Inc and Terreno Realty Corp that have significant exposure to the California market should benefit even if they do not lease to marijuana companies directly, fund managers and analysts say.
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.
Ireland moved closer to legalizing marijuana for medicinal use when the minority government said on Thursday it would not block the first reading of a bill that is backed by all other parties.
Potential victories in Arizona, Nevada, Massachusetts and Maine would fill in much of the rest of the West and extend recreational use to the Northeast. Opinion polls show voters favoring the initiative in all five states.In addition, measures to legalize medical marijuana or expand its use are on the ballot in North Dakota, Montana, Arkansas and Florida.
Investors new to the sector said they are eager for a piece of a market that, by some estimates, will reach $50 billion over the next decade and are looking for ways to claim profits while minimizing legal risks.
A U.S. ex-pharmaceutical sales representative accused of paying kickbacks to induce doctors to write prescriptions for an opioid drug is asserting he has a constitutional right to continue smoking marijuana so he can remain clear-headed for his defense. “It is a very creative defense,” said Keith Stroup, the legal counsel and founder of NORML, a…
The prospect for a market of such scale is adding urgency to calls for a national approach to marijuana that expands banking options. Law enforcement and Federal Reserve officials have expressed concern about the fraud and crime associated with un-bankable cash.
Voters in the Nov. 8 election in Arkansas will still be able to vote on a separate measure that would allow for the regulated use of marijuana for certain medical conditions, where a state commission oversees plant growth and marijuana distribution.
Native American-owned CannaNative LLC said on Monday it was in final talks with the Navajo Nation, the largest federally recognized tribe, to grow industrial hemp.
The legal use of marijuana could increase substantially by the end of the year as several U.S. states, including California, vote on its use for recreational or medical purposes. This could open new markets for insurance coverage in areas including property and casualty and health.
A college in the Atlantic Canadian province of New Brunswick plans to institute a program on marijuana cultivation so that students can be trained to work at local companies that produce the drug, a school official said on Tuesday. The French-language College Communautaire du Nouveau-Brunswick will launch the course sometime next year, said Michel Doucet,…
Campaigns to legalize recreational marijuana use in Massachusetts and Maine launched their first television ads on Monday, hoping to boost public awareness and support ahead of November votes on the issue.
On Sept. 26, 2016, GW Pharmaceuticals (Nasdaq:GWPH), a biopharma company with two promising cannabis-based medications, announced positive results for its third study in the United States on the efficacy of Epidiolex, its experimental CBD-based drug, in treating seizures associated with Lennox-Gastaut syndrome.
An experimental cannabis-derived drug has successfully treated children with severe epilepsy in a third late-stage clinical trial, sending shares in Britain’s GW Pharmaceuticals to a record high on Monday.
On Sept. 9, 2016, Ralph Goodale, Canada’s Minister of Public Safety and Emergency Preparedness, announced that Canada will challenge the United States to change a border policy that U.S. border agents have used to ban travel into the U.S. for Canadians who admit cannabis use.
GW Pharmaceuticals Plc (Nasdaq:GWPH), a developer of marijuana-based epilepsy treatments, is working with an investment bank after other drugmakers approached it to express interest in an acquisition, people familiar with the matter said.
As more and more states legalize the use of marijuana, which is banned under U.S. federal laws, banks are facing “unsustainable tension” that needs to be resolved by Congress, San Francisco Fed President John Williams said on Tuesday.
On Sept. 2, 2016, residents of Christiania, a Danish free town in Copenhagen, started tearing down stalls selling cannabis on the town’s main street.
On Aug. 22, 2016, the Connecticut Supreme Court ruled that a man who has fired for smoking marijuana on the job should be able to return to his job.
On July 25, 2016, Italy’s Chamber of Deputies began debating a bill that would legalize recreational cannabis in the country.
Teen use of marijuana in Colorado has slipped lower despite the state’s legalization of recreational pot for adults. However, according to the latest biannual survey by the Colorado Department of Public Health and Environment, high school students’ use of marijuana slightly decreased after the state allowed licensed retailers to sell pot in 2014.
Canadian Prime Minister Justin Trudeau, who has admitted to smoking marijuana in the past, said on Thursday he has no plans to light up even after his government makes it legal to do so.
Cannabis may join the herb and spice rack in California kitchens as the most populous U.S. state prepares for the possible legalization of recreational marijuana in November.
In 1992, Israel legalized medical cannabis, and the country continues to be an international leader in cannabis research.
On Feb. 24, 2016, the Federal Court of Canada ruled in Allard v. Canada that medical marijuana patients have the right to cultivate their own medicine, striking down a previous ban on at-home cultivation.
Being a parent is one of the toughest jobs in the world; there are a thousand different ways to screw it up, and sometimes you go to jail if you do.
(Reuters) – Italy legalized marijuana for medical use last year, but the high cost of buying legal pot in a pharmacy meant few people signed up. Now, the government has found a solution: get the army to grow it.
(Reuters) – U.S. investors in Canada’s medical marijuana industry are betting they will not fall under the scrutiny of U.S. law enforcement officers – but it is a risky bet.
LONDON, Oct 8 (Reuters) – A pioneering cannabis drug developed by British firm GW Pharmaceuticals for treating spasticity in multiple sclerosis has been rejected as not cost-effective in the company’s home market.