Indopedia All Things Marijuana
Colorado’s legislative forces want to ensure that their recreational cannabis industry is safe, just in case President Trump and his U.S. Attorney General, Jeff Sessions, decide to get squirmy in the coming months and lash out against it.
On Wednesday, the Colorado Senate put its seal of approval on a measure that would allow pot businesses to scrub their association with the recreational sector and join the ranks of the medical marijuana industry.
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Legal Cannabis Has Been Introduced by the Government of Canada
During the last few months, Canadians have felt the palpable anticipation hanging over the legalization of marijuana.
Cannabis lovers, growers, dispensary owners, and all others with with an interest in the expected end to prohibition have been anxiously awaiting the government’s official announcement to legislate and eventually legalize this long-suffering plant.
Today, that announcement finally arrived.
In a scheduled press conference, the federal government laid out the guidelines that will carry the nation forward into a new age of cannabis freedom.
St. Kitts Creates Marijuana Commission to Consider Decriminalization
In a further positive development towards ending the prohibition of cannabis in the Caribbean, Prime Minister (PM) Timothy Harris of St. Kitts and Nevis has established a National Marijuana Commission. The task force will be headed by the island’s Chief Medical Officer, Dr.
Colorado Senate Passes Bill to Protect State if Fed Policy Changes
Colorado legislators won’t wait and see if the Trump Administration makes good on its promise for “greater enforcement” on adult-use marijuana.
Two weeks after its introduction, a full Colorado Senate passed a bill that would allow adult-use marijuana centers to transfer inventory to medical marijuana should a federal crackdown occur. The bill now heads to a full House vote before reaching Governor Hickenlooper’s desk.
The bill effectively protects Colorado’s adult-use marijuana industry if Attorney General Jeff Sessions alters federal marijuana policy to interfere with states’ rights.
Jeff Sessions “Surprised” by Public Backlash Over His Anti-Marijuana Stance
From the very moment that Donald Trump appointed Jeff Sessions as United States Attorney General, the cannabis industry was sent into a state of panic. The former Alabama senator and accused racist has long been one of the staunchest opponents to legalization.
On Tuesday, during a speech at the Luke Air Force Base in Arizona, the attorney general expressed disbelief that the country doesn’t share his outdated and draconian views on cannabis.
Colorado Pot Shops Sold Over $126 Million in Cannabis the Month After Trump’s Inauguration
Colorado cannabis sales are climbing.
First-Ever Medical Marijuana Investment Fund Makes a Strong Start
Last week, Horizons ETF Management launched the first medical marijuana exchange-traded fund ever to be approved by stock market regulators. The Medical Marijuana Life Sciences ETF is an investment fund that tracks companies involved with medical marijuana bioengineering, while avoiding any companies that are connected to recreational use.
The fund has seen immediate popularity, with an average daily trading volume of over a million shares. In the first four sessions since its launch, the fund rose a total of 17.8% in value, and has now amassed over $28 million in assets.
Washington State Seeks New Contractor to Track Commercial Cannabis
Washington, one of the first states in the nation to launch a fully legal recreational cannabis market, is reportedly searching for a new seed-to-sale provider, reports Marijuana Business Daily.
It seems the state’s current seed-to-sale company, BioTrackTHC, who landed the job back in 2013, has no plans to renew its multi-million dollar contract. Reports show the company is uncomfortable with some aspects of the state’s requirement and no longer wishes to provide its services.
Uruguay will Begin Selling Marijuana in Pharmacies this Summer
Uruguay will begin selling marijuana in pharmacies this summer, the final stage in the country’s pioneering regulation and normalization of marijuana. The South American country will be the first in the world to legally sell cannabis over the counter for recreational use. In fact, their president was even nominated for a Nobel Prize after the country legalized cannabis.Uruguay voted to legalize marijuana in 2013. They were the first country in the world to do so.
Montana’s Medical Marijuana Program Is Rebounding
Although medical marijuana was on the verge of being rendered obsolete in the state of Montana, a new report shows that thousands of patients have been returning to dispensaries ever since voters approved a measure last November to resurrect the dying program.
There was speculation earlier last year that Montana could become the first state in the nation to have legalized medical marijuana and then lose it, all because of the state’s legislative and judicial brass.