In terms of marijuana reform, 2018 was a huge year in many ways: multiple states legalized marijuana, pro-cannabis candidates won big, and Congress legalized hemp. But I think the biggest change was in how politicians — especially those with national aspirations — changed the way they talked about cannabis.
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On Tuesday morning, the first recreational marijuana stores in the Eastern United States will open in Massachusetts, kicking off an era of legal cannabis sales after more than a century of pot prohibition in the state.
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The beverage industry is evolving, as many young people find marijuana a more appealing alternative. Millennials are more likely to buy marijuana products if they’re marketed as a ‘lifestyle brand,’ one trend forecaster found.
For the first time in a Republican-controlled Congress, a marijuana-related bill will see a vote by the House panel that oversees federal drug enforcement. The bill in question is the Medical Cannabis Research Act, which is sponsored by Representative Matt Gaetz and 40 bipartisan cosponsors. If passed, it would require the federal government to license additional facilities to cultivate cannabis to be used in scientific studies.
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Illinois Gov. Bruce Rauner signed legislation Tuesday allowing the use of medical cannabis as an alternative to opioids – a development that could eventually generate hundreds of millions of dollars in additional MMJ sales.
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Licensed marijuana retailers in California are struggling to cope with customers angry about price hikes and less product choice – a direct result of the state’s new packaging and testing regulations that took effect July 1.
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Corona brewer Constellation Brands Inc. is investing about $4 billion into Canadian marijuana grower Canopy Growth Corp., one of the biggest corporate wagers on the potential global market for cannabis-infused drinks and other products.
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Michael Gruber to Speak At IC3 -The Institutional Capital & Cannabis Conference in New York on October 22nd.
Michael will join other industry investors on the “Setting Realistic Expectations for Cannabis Investments” Panel.
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Two senators are trying to force a vote this week on a new measure that would prevent federal officials from “carry[ing] out activities that prevent or interfere with the implementation of State laws that authorize the use, distribution, possession, or cultivation of marijuana.”
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As more cannabis companies go public and private businesses raise capital at an unprecedented clip, valuations have become a hot topic among industry observers, insiders and investors.
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On Tuesday, Tulsi Gabbard (D-Hawaii) and Carlos Curbelo (R-Fla.) introduced the Marijuana Data Collection Act. In an environment in which members of Congress are racing to introduce the newest, widest-reaching cannabis legalization legislation, this bill is different.
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At the start of 2018, New York Governor Andrew Cuomo announced that a study on legalizing cannabis was to be conducted by the state Department of Health.
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The chances of serious cannabis reform in the halls of the U.S. Congress have increased dramatically in recent months, with major political names from both Republican and Democratic camps embracing the cause of changing federal laws.
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A key U.S. Senate committee says that marijuana's current federal classification blocks scientific research on its effects —something that legalization advocates have long argued.
Read MoreIn a rebuke of United States Attorney General Jeff Sessions's rescission of the Cole Memorandum, the Koch brothers released a sharply worded statement supporting states' rights with regard to legal marijuana. The statement, first released in late January, argues that "citizens have spoken on marijuana" and that
Read MoreA new published clinical study out of Israel offers scientific evidence that the therapeutic use of cannabis can be a safe and effective treatment for elderly people, and is often a factor leading to the decreased use of other drugs, including opioids.
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When Attorney General Jeff Sessions announced his decision to rescind protections for states with legal marijuana laws, many politicians spoke out against him. But only one, has taken actual steps to prevent Sessions' from enacting his agenda.
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The Association of German Criminal Officers (BDK) has spoken out in favourof ending the ban on cannabis and has called for the decriminalization of all use of the drug.
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Significant wholesale pricing pressure continues to be financially devastating to growers. MJ Biz Daily reports of wholesale trim pricing has fallen as low as $50/lb. This extreme pricing pressure is exacerbated following the large amount of outdoor grown product that is available for sale after the fall harvest.
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On Nov. 28, 2017, a bipartisan group of federal lawmakers sent a letter to congressional leaders, urging them to extend protection of state medical cannabis laws in the 2018 appropriations bill via a provision that would put language in the spending bill to prevent the United States Department of Justice from using federal funds to prosecute those in compliance with state medical cannabis laws.
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