Market Overview

Cannabis Countdown: Top 10 Marijuana Industry News Stories Of The Week

Share:
Cannabis Countdown: Top 10 Marijuana Industry News Stories Of The Week

Cannabis Countdown: Top 10 Marijuana Industry News Stories of the Week

Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 marijuana industry news stories for the week of August 26th – September 1st, 2019.

Without further ado, let’s get started.

10. Americans View Marijuana As Far Less Harmful Than Alcohol And Tobacco, Survey Finds

Americans are twice as likely to say that alcohol is “very harmful” than say the same about marijuana, according to a recent survey.

In fact, far more respondents described alcohol, tobacco and e-cigarettes—all legal, regulated products—as seriously dangerous. The number of Americans who said that tobacco cigarettes are “very dangerous” is more than three times the share who believe that about cannabis, which the federal government continues to classify as an illegal Schedule I substance.

Read full Cannabis Survey article

9. Privacy Expert Calls Ontario Cannabis Store’s Sale of Postal Code Data "Appalling"

The Ontario Cannabis Store sells licensed producers data based on customers’ addresses, Global News has learned.

That’s contrary to its own privacy policy, a leading privacy expert says.

Read full OCS Data article

8. LCBO Union Demands To Start Selling Weed In Stores To Save Ontario’s Cannabis “Disaster”

The Ontario Public Service Employees Union (OPSEU) is calling on Doug Ford to allow the LCBO to compete for cannabis store licenses since private storefronts so far are “an utter disaster”. He says it has been over a year now and the system is still inefficient, and that an LCBO cannabis store would operate much more smoothly.

The Ford government implemented a privatized cannabis sector instead of moving forward with the previous government’s plan to sell pot through a public system.

Read full LCBO Cannabis article

7. Update on the Status of the Cannabis Allocation Lottery

On August 21, the Alcohol and Gaming Commission of Ontario (AGCO) announced the list of 42 applicants selected by lottery to submit a cannabis Retail Operator Licence and Retail Store Authorization.

It is important to remember that an applicant’s selection in the lottery simply gives them an opportunity to apply for a licence. It is only the first step.

Read full Ontario Cannabis Lottery article

6. Alberta Squeaks out Title as Canada’s Top Cannabis Market with $123.6M Sold

Albertans pull out their wallets for legal weed more often than other Canadians, new data shows. Statistics Canada has published new information on the amount sold at cannabis store across the country, from legalization in October 2018 to June 2019.

The sales data shows that Alberta comes out as the top legal cannabis market in Canada, with more than $123.6 million in sales. Alberta narrowly squeaked into the top spot with Ontario close behind at $121.6 million, followed by Quebec at $119.2 million.

Read full Alberta Cannabis article

5. After Slow Start, Canada’s Recreational Marijuana Sales Reach New High

Adult-use cannabis sales through regulated channels in Canada reached a new high in June after meandering for much of the first half-year of legalization, according to the latest, seasonally adjusted data from Statistics Canada.

Sales of regulated adult-use cannabis surpassed 85 million Canadian dollars ($63 million) in June, an improvement over May’s CA$79 million and April’s CA$67 million.

Read full Canada Adult-Use Sales article

4. DEA to Authorize More Growers for Cannabis Research

The Justice Department said Monday it would move forward to expand the number of marijuana growers for federally authorized cannabis research.

The long-awaited move comes after researchers filed court papers asking a judge to compel the Drug Enforcement Administration to process the applications to grow research pot. The DEA began accepting applications to grow marijuana for federally approved research about three years ago, but the agency hasn’t acted on the applications.

Read full DEA Cannabis article

3. Cannabis Legalization is a State Decision, Says White House Officials

The latest in the seemingly inevitable march toward full cannabis legalization in the U.S. sees two of the U.S.’s top Federal drug officials stating that legal cannabis should be left up to the states, not the feds.

In a discussion with Fox News reporter Kayla Sullivan, President Trump’s appointed Drug Czar, Jim Carroll – whose official title is Director for the Office of National Drug Control Policy (ONDCP) — stated that he believes the decision to legalize should be left to the states.

Read full White House Cannabis article

2. The U.S. Government is Planning to Reschedule or Possibly Deschedule Cannabis

In case you aren’t aware, the United States Government currently lists cannabis as a schedule 1 drug in accordance with the Controlled Substances Act (CSA). This means the FDA and DEA believe cannabis has no medical value and has a high potential for abuse. Cannabis sits alongside Heroin, Ecstasy (MDMA) and LSD as the most notable schedule 1 drugs.

The FDA’s recent approval of GW Pharma’s (NASDAQ: GWPH) Epidiolex directly contradicts the U.S. Government’s bizarre schedule 1 classification of cannabis. Clearly, the FDA believes GW Pharma’s cannabis-derived CBD based drug which treats seizures associated with the two rare forms of epilepsy has medical value. It’s very obvious this outdated drug schedule needs to be changed ASAP.

Read full Reschedule Cannabis article

1. President Trump Reiterates His Administration Will Let States Legalize Marijuana

President Donald Trump again said that his administration is allowing states to set their own marijuana policies.

At a press briefing on Friday, the president was asked by DC Examiner reporter Steven Nelson whether cannabis would be federally legalized while he was in office.

Read full Trump on Cannabis article

Image Source from Pixabay

Posted-In: cannabis industryCannabis Earnings Government News Regulations Markets General

 

Related Articles (GWPH)

View Comments and Join the Discussion!

Cannabis Movers

Sign up for our secret cannabis newsletter!
Never miss out on the breaking news in the Cannabis Industry!

6 Industrials Stocks Moving In Tuesday's Pre-Market Session

32 Healthcare Stocks Moving In Tuesday's Pre-Market Session