Support for Legal Marijuana Higher Than Ever
The industry on cannabis has become one of the fastest growing industries across the nation over the last several years. With new markets growing in and around the U.S., many polls are reporting that support for cannabis use and legalization, is higher than ever before. One of the major... Read more
Hemp, Inc. (HEMP) Commends U.S. Senate for Passing Farm Bill
Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today the company commends the U.S. Senate for passing the 2018 Farm Bill in a 86-11 vote, yesterday June 28, 2018. Bruce Perlowin, CEO of Hemp,... Read more
Victorville refuses to approve Chalice marijuana festival; faces lawsuit
The Victorville City Council on Thursday night refused to sign off on allowing cannabis consumption and sales at the Chalice California festival, set for July 13-15 at at the San Bernardino County fairgrounds. The decision came after a few dozen people spoke in support of the festival, citing the... Read more
Landlords where illegal dispensary operated ordered to pay $388,000
A Riverside County couple who leased a San Ysidro storefront to an illegal marijuana dispensary was ordered to pay $388,000 in civil penalties to the city of San Diego this week, city officials said. Quirino and Bertha Gutierrez, who live in Menifee, were ordered to pay the equivalent of... Read more
Analysts slash forecast on California cannabis market as slow licensing takes toll
New state rules are killing the buzz on California’s cannabis sales. Legal pot that was once expected to generate $3.7 billion in revenue this year now is forecast to total just $2.9 billion, Greg Shoenfeld, vice president for operations at BDS Analytics, said by phone Wednesday, previewing a report... Read more
Milpitas: Voters may decide whether to levy marijuana sales tax
MILPITAS — Milpitas residents likely will be asked to consider approving a November ballot measure that would levy a tax on marijuana sales. The Milpitas City Council last week directed staff to prepare the ballot measure as a way to raise more money. The measure’s wording will need to... Read more
From Forbes: U.S. Senate Votes To Legalize Hemp After Decades-Long Ban Under Marijuana Prohibition
From Forbes.com: The non-psychoactive cannabis cousin of marijuana would finally become legal to grow in the United States under a bill overwhelmingly approved by the Senate. The wide-ranging agriculture and food policy legislation known as the Farm Bill, passed by a vote of 86 – 11 on Thursday, contains provisions to legalize the cultivation,... Read more
Hayward approves 11 commercial cannabis businesses
HAYWARD — Eleven commercial cannabis businesses have been given the OK to open in Hayward, including businesses specializing in cultivation, manufacturing, distribution, delivery or testing. None are dispensaries. The majority of Hayward City Council members expressed excitement over the new businesses at their Tuesday meeting where they approved the... Read more
BREAKING NEWS: Senate Bill Introduced to End Cannabis Prohibition
Our thoughts on the new Senate cannabis bill. Yesterday, U.S. Senator Chuck Schumer (D-NY) introduced the Marijuana Freedom and Opportunity Act (“MFOA”). The MFOA is also co-sponsored by Senators Bernie Sanders (I-VT), Tim Kaine (D-VA), and Tammy Duckworth (D-IL). Coming on the heels of the STATES Act, the MFOA... Read more
Federal Laws Create a ‘Moat’ Around Marijuana Business, Says Founder of U.S. Cannabis Company
The Food and Drug Administration on June 25 approved for the first time a drug made from cannabidiol (CBD), a molecule derived from the cannabis plant. The drug, Epidiolex, was approved for the treatment of two types of epilepsy, Dravet syndrome and Lennox-Gastaut syndrome, that have been resistant to treatment. Well-designed clinical... Read more
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