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Recreational Cannabis Sales Bring in Nearly $10 Million for Illinois

Recreational Cannabis Sales Bring in Nearly $10 Million for Illinois

Cannabis in the News, Cannabis Legislation

Recreational Cannabis Sales Bring in Nearly $10 million for Illinois – Pritzker administration announced tax revenue totals for January 2020 SPRINGFIELD – Recreational marijuana sales have generated $7,332,058 in cannabis tax revenue in January, with an...
Kentucky House Medical Cannabis Bill Advances to State Senate

Kentucky House Medical Cannabis Bill Advances to State Senate

Cannabis in the News, Cannabis Legislation, Cannabis Normalization

Kentucky House Medical Cannabis Bill Advances to State Senate The state House of Kentucky finally passed a medical cannabis legalization measure that enables the state to enact a medical cannabis program. It took several drafts and attempts to get the medical cannabis...
Harvest Health & Recreation Inc. to Operate Dispensary in Little Rock, Arkansas

Harvest Health & Recreation Inc. to Operate Dispensary in Little Rock, Arkansas

Cannabis in the News, Cannabis Legislation

Harvest Health & Recreation Inc. to Operate Dispensary in Little Rock, Arkansas Vertically Integrated Cannabis Company Initiates Operations in the State PHOENIX, Feb. 17, 2020 /PRNewswire/ — Harvest Health & Recreation, Inc. (CSE:...
Chicago Zoning Board Could Bring 9 New Cannabis Dispensaries

Chicago Zoning Board Could Bring 9 New Cannabis Dispensaries

Cannabis in the News, Cannabis Legislation, Cannabis Market

Chicago Zoning Board Could Bring 9 New Cannabis Dispensaries: A decision made by the Chicago Zoning board of Appeals could be the reason that nine new cannabis dispensaries open up in Chicago. The decision to bring nine more recreational cannabis dispensaries could be...
American Bar Association Approves Two Cannabis-Related Resolutions

American Bar Association Approves Two Cannabis-Related Resolutions

Cannabis in the News, Cannabis Legislation

American Bar Association Approves Two Cannabis-Related Resolutions The American Bar Association (ABA) had its midyear meeting today, Monday, February 17th, and approved two resolutions that are cannabis-related. The ABA’s House of Delegates voted for the endorsement...
Pennsylvania Lawmaker Unveils New Cannabis Legalization Bill

Pennsylvania Lawmaker Unveils New Cannabis Legalization Bill

Cannabis in the News, Cannabis Legislation

Pennsylvania Lawmaker Unveils New Cannabis Legalization Bill Pennsylvania lawmaker Rep. Jake Wheatly released a letter to members of the Pennsylvania House that he will introduce a comprehensive cannabis legalization bill. Wheatly filed a closely related cannabis...
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Recent Posts

  • HempFusion’s Successful Debut on the TSX
  • Charlotte’s Web: Is this Hemp Stock a Strong Buy Now?
  • Is Scotts Miracle-Gro the Best Cannabis Stock for 2021?
  • 3 Best Cannabis Stocks for 2021
  • HempFusion’s Probulin Probiotics Launches Amazon Store and Expands Brick and Mortar Product Selection
  • Amyris: Will this Hemp Stock Continue to Surge in 2021?
  • Why is Liberty Health Sciences a Strong Buy?

Risk of Prosecution for Marijuana-Related Companies.  If you are considering investing in a company that is connected to the marijuana industry, be aware that marijuana-related companies may be at risk of federal, and perhaps state, criminal prosecution.  The Department of Treasury recently issued guidance noting: “ The Controlled Substances Act (“CSA”) makes it illegal under federal law to manufacture, distribute, or dispense marijuana.  Many states impose and enforce similar prohibitions.  Notwithstanding the federal ban, as of the date of this guidance, 20 states and the District of Columbia have legalized certain marijuana-related activity.”

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