The Week In Cannabis: Jay-Z Joins Caliva, Congress Holds Marijuana Hearings, CannTrust Gets Smoked, And More
Marijuana Stocks, Finance, & InvestingUncategorized July 29, 2019 MJ Shareholders
Beyoncé’s husband Jay-Z entered the cannabis industry this week, announcing he’d be joining the California brand Caliva as chief brand strategist.
“Jay-Z entering the cannabis space reaffirms that effective brands will drive the future of the cannabis industry. We applaud his efforts to be a part of the solution in righting the disproportionate impact that the war on drugs has had on minority communities. Jay personifies the perfect mix of celebrity, entrepreneur and true brand,” said Kraig Fox, CEO of High Times, which first reported the news.
On the policy front, Hawaii decriminalized the possession of small amounts of marijuana, and the U.S. Congress held a landmark hearing regarding cannabis legalization and the need to reform. Here’s what legalization advocates had to say. In addition, the FDA said it was “expediting its work to address the many questions about cannabidiol (CBD),” and Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Kamala Harris (D-CA) introduced bills in Congress that seek to ensure that people with low-level drug convictions are still able to access public housing, reported Kyle Jaeger on Marijuana Moment.
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