Category: Business

US House Passes Bill To Normalize Adult-Use Cannabis Commerce

The SAFE Banking Act would improve the safety of legal marijuana marketplaces and foster more entrepreneurship in the emerging legal industry Members of the House of Representatives voted today in favor of a...

What separates Canada’s slow weed growth with the US

Canada has had legal marijuana since 2018 nationally. And at first glance that looks like a much more progressive nation taking a stance well before the United States grew the courage. But at...

The state of weed stocks

What a rollercoaster year it’s been for our investing portfolio, huh? What began as a year where weed stocks such as Canopy Growth, Tilray, and Aphria exploded in popularity and probably made a...

Controversial MedMen founders setting up a new company

Last year, co-founders of MedMen Adam Bierman and Andrew Modlin were both ousted from MedMen. After misusing business money for security and glamour, investors chose to sue and the two were forced...

Congressman John Yarmuth bought marijuana stock before announcing MORE act

In a continuation of a pattern that we see happening from time to time with members of the federal government, Congressman Yarmuth, Democrat from Kentucky, seemed to benefit from insider knowledge of...

Former Eaze CEO being charged for transaction laundering

Jim Patterson, Eaze’s CEO until 2019, is under legal woes for “deceiving banks into processing $100 million worth of credit and debit payments for marijuana products,” according to MJBizDaily. He will plead guilty...

WallStreetBets have turned their attention to weed

With a new administration seemingly open to marijuana legalization and more and more states taking action themselves, stocks for cannabis companies within and outside the country feel like solid bets. Therefore cue the WSB army, who just last month ransacked the stock price of Gamestop, AMC, Nokia, and others, leaving very little behind. In particular, Sundial (SNDL), Tilray (TLRY), and aphria (APHA) have come under intense Reddit scrutiny. Just yesterday, Tilray, a Canadian cannabis company, had its stock rise 36%. However, with the attention of WallStreetBets also comes volatility, and today the stock is plunging back down, now under 41% of where it opened. And attention already seems to be waning, with many on the subreddit eyeing Bumble as their next victim. Hopefully, this will leave the cannabis sector to itself and back to normalizing, where it’s incremental yet steady climb will continue throughout the year.

Opioid Prescriptions Decline in Canada Following Enactment of Adult-Use Marijuana Legalization

"The findings of this study add to the growing body of evidence that easier access to cannabis for patients with pain may reduce opioid use and partially offset expenditures for both public and private drug plans.” The post Opioid Prescriptions Decline in Canada Following Enactment of Adult-Use Marijuana Legalization appeared first on NORML.