As experts release more data from the year 2020, it shows a silver-lining for the cannabis industry despite challenges including federal prohibition amid a pandemic. Sales in California hit $4.4 billion last year, up 57% from the year prior, reports MJBizDaily with data from its Industry Factbook. The sales in Oregon have surpassed $1 billion […]
Category Archives: election
Arizona, Mississippi, Montana, New Jersey, and South Dakota will vote on whether to legalize cannabis. Cannabis reform may be stalled at the federal level, but the number of states that have legalized it in some capacity continues to grow. Heading into the 2020 election, 33 of them and the District of Columbia permit medicinal use. […]
One of the curiosities of the 2020 election campaign is Jacinda Ardern’s refusal to reveal her personal position on the cannabis referendum. Next Saturday, New Zealanders can vote in two referendums: the end of life choice on euthanasia, and cannabis legalisation and control referendums; the latter a vote on whether the recreational use of cannabis […]
“At a time when people are really struggling just to pay the bills and to get through this health crisis, [COVID relief] should be our priority.” Don’t expect any bills that would legalize cannabis to receive floor votes until after the November election. TheMarijuana, Opportunity, Reinvestment and Expungement (MORE) Act,which would have effectively legalized cannabis […]
After nearly a year of next-to-no deal-making, cannabis companies are gearing up for mergers and acquisitions as realistic stock valuations and the prospect of U.S. legalization attract buyers to a sector that has been decimated by oversupply and other issues, executives and investors say. Profitable cannabis companies want to buy their way into niche segments […]