After a 57.4% rebound in Q1 followed by a narrow decline in April and a sharp one in May, Cannabis stocks, as measured by the Global Cannabis Stock Index, moved slightly lower in June, declining 2.5%: The index, which had 64 qualifying members during the month following the quarterly rebalancing... Read more
The American Cannabis Operator Index extended its post-March weakness again, declining over 8% to 87.35: The good news is that the stocks managed to recover somewhat from the mid-June lows, ending the month 5% higher than where it closed on June 14th. Still, Q2 was quite challenging, as the index lost... Read more
TransCanna Holdings (CSE: TCAN) (OTC: TCNAF), a relatively new California-focused cannabis company that began trading in January and promptly launched a very aggressive stock promotion campaign during the rally early in the year as its stock went from C$0.80 to almost C$8.00 after its C$0.50 IPO, announced an acquisition on... Read more
Earlier this month, Texas Gov. Greg Abbott signed a bill that will legalize industrial hemp and CBD products. Now, some county prosecutors are grappling with the fallout with the new law—namely, what to do with more than 200 pot-related offenses. The district attorney’s office in Tarrant County, Texas has... Read more
Maine residents approved legal recreational marijuana back in 2016, but have been waiting on the government to approve a regulatory framework for the industry. Happily, the end of that wait is now in sight. Governor Janet Mills has signed into effect a law establishing cannabis industry guidelines that is... Read more
Two lawmakers from Oregon introduced a bill in the U.S. Congress on Thursday that would allow for the interstate commerce of cannabis between states with legal pot. Under the measure from Democrats Sen. Ron Wyden and Rep. Earl Blumenauer, federal agencies would be prohibited from interfering with cannabis trade... Read more
Exclusive Interview with Harvest Health and Recreation CEO Steve White Harvest Health and Recreation (CSE: HARV, OTCQX: HRVSF) has a history of winning licenses, and the company is aggressively expanding to deliver on its promise of building the largest retail and wholesale footprint in U.S. cannabis. CEO Steve White... Read more
Ireland on Wednesday launched a scheme that will allow its citizens to use cannabis for medicinal purposes. Simon Harris, the country’s health minister, signed legislation that establishes a program to give patients access to marijuana for treatment purposes. “The Medical Cannabis Access Programme” will be maintained for five years... Read more
Musician and cannabis enthusiast Snoop Dogg is facing an online backlash over a social media post designed to highlight the disparate dangers between marijuana and alcohol. Pot advocates have long touted its safety relative to booze and other drugs, of course, but Snoop ran afoul by using a legendary... Read more
Cannabis activists in Idaho have launched a bid to legalize the medicinal use of marijuana in the state and will soon be collecting signatures to put a voter initiative on the ballot for the 2020 election. The legalization initiative was filed with the Idaho Secretary of State on Tuesday... Read more
