Many believe that cannabis stocks are experiencing a "bubble," meaning that market valuations are unjustified, unrealistic and based on investor hype as opposed to typical fundamental markers such as revenues, assets and profit. Some, like The Motley Fool, believe this is a bubble ready to...
Earlier this month, surprising many in the industry, the Drug Enforcement Administration announced it is proposing to significantly increase the amount of cannabis it will permit to be grown for research purposes in 2019. The 2018 limit, about 1000 pounds, will be increased to over...
In a rather symbolic moment in the march to the legalization of industrial hemp, the caretakers at George Washington’s Mount Vernon farm announced in May (although it has only recently received news attention) that they have planted a small crop of industrial hemp. They are...
The United Kingdom this week approved the legalization of medical cannabis. The decision was made by the Home Secretary, Sajid Javid, who said, "Recent cases involving sick children made it clear to me that our position on cannabis-related medicinal products was not satisfactory." As a...
Today the US Food & Drug Administration announced approval of the first legal cannabis-based drug. The drug, GW Pharmaceuticals' Epidiolex, which will be prescribed to treat severe seizures caused by Dravet syndrome and Lennox-Gastaut syndrome, will be offered in liquid form and will not contain...
The New York Times reported yesterday that the New York State Health Department is ready to recommend legalizing adult use of cannabis in the Empire State. Commissioner Howard Zucker was quoted as saying they had reviewed the pluses and minuses and concluded, in a study requested by...
Updated 1:03 PM following release of bill text. On the White House lawn this morning, getting ready to leave for the G-7 summit in Canada, Pres. Trump made positive comments about the cannabis bill introduced yesterday by Sen. Cory Gardner (R-CO) and Elizabeth Warren (D-MA). The...
Updated 6/8/2017 following release of bill text: Senators Cory Gardner (R-CO) and Elizabeth Warren (D-MA) today introduced the Strengthening the Tenth Amendment Through Entrusting States (STATES) Act. While we have not seen the text yet, Sen. Warren has published a summary. The bill would amend the Controlled...
The last month or so has seen a dramatic series of steps which could eventually lead to the full legalization of cannabis at the US federal level. First, Senate Majority Leader Mitch McConnell introduced a bill to fully legalize industrial hemp, in part to help...
As more and more politicians of all stripes move towards support of federal legalization of cannabis, two senior Republicans have joined the advisory board of a major cannabis company. According to The Hill, the former Speaker of the House John Boehner and former Massachusetts Governor William...