In the last week both the US Attorney General and the Treasury Secretary have encouraged Congress to take action towards easing US cannabis prohibition. Yesterday, in testimony before Congress, AG William Barr seemed to support the currently pending Strengthening the Tenth Amendment Through Entrusting States...
In a blow to the previously fast-moving train towards legalization of adult use cannabis in New York State, the State Assembly Speaker, Democrat Carl Heastie, last week said he is "not optimistic" that legalization can be included in this year's budget, which is due March...
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...
Senate Majority Leader Mitch McConnell (R-KY) announced a plan on Monday to introduce federal legislation to remove industrial hemp as a Schedule I drug under the Controlled Substances Act (CSA). Citing hemp as important to Kentucky’s farming history, he voiced his most positive support to...
The entire cannabis industry descended on Las Vegas this week for the MJBiz conference where over 18,000 professionals gathered. While we were there, US Attorney General Jeff Sessions made some news during a Congressional grilling focused more on his involvement with Russian players. Many have worried...
An insightful article a few weeks ago on MassRoots (www.massroots.com) urges readers to "rebrand" cannabis and call it by its proper scientific name: cannabis. The piece goes through the apparently racist history of those who adopted the term "marijuana" as they pushed for criminalization of cannabis...
Today, in a both exciting and sobering press release, Canada announced a plan to fully "legalize, strictly regulate and restrict access" to cannabis in the Great White North. The release starts bluntly: "The current approach to cannabis does not work." The government of Prime Minister Justin...
At his confirmation hearing to become the next US Attorney General yesterday, Alabama Sen. Jeff Sessions seemed to soften his previous extreme views against legalization of cannabis. As we know, recently Sessions said things like "Good people don't smoke marijuana" and it is "not the...
In a major positive step for the cannabis industry, the New York Stock Exchange last week listed a new real estate investment trust called Innovative Industrial Properties (NYSE:IIPR), the first cannabis company to be listed on a US national exchange. The company plans to invest...