Republican Congressman Tom Garrett this week introduced a bill that would decriminalize marijuana and remove it from the list of controlled substances as a "Schedule I drug." The bill is called the “Ending Federal Marijuana Prohibition Act of 2017.” With Garrett as sponsor is Democrat Rep....
According to this piece in the Fresh Toast, America's four largest banks have been actively opening accounts for medical marijuana dispensaries. The article mentions a study done by MRB Monitor, which found that in Massachusetts alone, more than a third of those applying to get...
The old gray lady, The New York Times, wrote an editorial last week encouraging the Trump Administration to significantly expand the opportunity for US researchers to grow and study cannabis. It reminded me a bit of the 2013 Sanjay Gupta MD special on cannabis on CNN....
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...
Our good friends at Viridian Capital Research (www.viridianca.com) track M&A deals and financings in the cannabis space in North America. They also run the cannabis stock index which gives us a good sense of how the stocks in the industry are trading. The news they just...
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...
Somewhat lost in the shock of President-elect Trump's win yesterday was some great success in 8 states voting on medical or recreational cannabis legalization. Only Arizona turned down their proposition on recreational pot. But Massachusetts, California and Nevada all approved allowing recreational use by adults....
Innovative Industrial Properties Inc. is planning to be a real estate investment trust. Its mission, as disclosed in its SEC filing last week for its planned IPO, is to be "focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed...
Somewhat lost in the vitriol and drama of the 2016 Presidential campaign is the fact that nine states will be voting next month on whether to permit legal medical or recreational cannabis use. This on top of the 25 states that have already passed some...
In what is mostly a blow to the burgeoning legal marijuana industry, the Drug Enforcement Administration decided not to remove marijuana from the list of Schedule I drugs under the Controlled Substances Act, continuing to deem it as dangerous as heroin and LSD. Meanwhile, other...