A pair of proposals in the Oregon legislature would take aim at the illicit cannabis operations that have troubled law enforcement and local governments in the southern part of the state. Both the state Senate and House have recently approved legislation that “would increase scrutiny of legal cannabis licenses... Read more
The United States Department of Agriculture (USDA) announced the true value of America’s hemp market—and the numbers are telling. Hemp grown for flower, for instance, was much more valuable than hemp grown for industrial purposes. On the other hand, production levels are down, compared to numbers collected in 2018.... Read more
Kevin O’Brien Allen was caught selling $20 worth of cannabis to an undercover officer in 2012 and 2013. He was initially sentenced to 10 years in prison in 2014, but it was later extended under the state’s “habitual offender status” to life in prison without any chance of parole.... Read more
The Isle of Man (located in the middle of the Irish Sea, between Ireland and the U.K.) is attempting to enter the cannabiz, and in a big way. Peel NRE, a local firm, has outlined proposals to build an indoor cultivation facility and is currently asking for views from... Read more
Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary Canadian cannabis sales grew 29% in December, reaching a record $382 Million 420 Investor model portfolios have returned -10.0% to -3.6% year-to-date, while the Global Cannabis... Read more
The British cannabis discussion, more than just about anywhere else, has long verged on the tragicomic. This latest development is no exception. Julian Bennett, who wrote the Metropolitan police’s current drug strategy, is facing discharge after being accused of gross misconduct. Namely for supposedly taking cannabis, LSD, and magic... Read more
Lawmakers in Virginia on Tuesday passed a bill that would allow recreational marijuana sales to begin later this year, a significant change from the original start date. The legislation passed in the Virginia state Senate, where Democrats hold a slim majority, by a vote of 23-16, according to local... Read more
On Wednesday, New York lawmakers passed a bill that authorizes temporary and conditional licenses for both the cultivation and processing of cannabis, a huge step in the state’s implementation of its new adult-use marijuana program. The bill, which now heads to the desk of Democratic Governor Kathy Hochul, marks... Read more
Cannabis policy reform could be coming to Kentucky with the filing of separate bills to legalize medical and adult-use cannabis. On Thursday, Democrats Sen. David Yates, Sen. Morgan McGarvey, and Rep. Rachel Roberts introduced identical bills in the Kentucky Senate and House of Representatives to end cannabis prohibition. Titled... Read more
Cronos Group Reports 2021 Third Quarter Results Completed Audit Committee evaluation and restated Q2 2021 unaudited interim financial statements Announces strategic realignment to support future growth strategies Consolidated net revenue increased 80% in the third quarter of 2021 compared to the third quarter of 2020 Launched Cronos Group’s first... Read more
