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 December 16th – 22nd, 2019.
Without further ado, let’s get started.
10. President Trump Could Ignore Provisions That Protect Medical Cannabis States From Federal Intervention
Here’s why investors shouldn’t worry about Trump’s attached statement regarding legal medical cannabis states.
The decision by the Ontario government to lift the cap on the number of private cannabis stores allowed in the province will not only provide relief to underserved areas, it will put a huge dent in the black market.
Canadians can now legally buy a range of new cannabis formats including vapes, edibles and beverages.
An independent California state agency issued a long-awaited report about the state’s cannabis tax system, and its recommendations include a major overhaul that would simplify and possibly reduce marijuana tax rates.
U.S. Senate Banking Chair Michael Crapo, an Idaho Republican, laid the foundation for his own version of cannabis banking reform with a potentially onerous THC potency cap when he released a statement saying he doesn’t support the Secure and Fair Enforcement Banking (SAFE) Act as is.
Cannabis bears have cleared US$993 million in mark-to-market gains so far this year.
The cannabis industry is at a crossroads where companies will need to differentiate themselves based on profitability, strong yet simple capital structures and investor communication.
The House and Senate have agreed to include a variety of marijuana, hemp and CBD provisions in reports attached to appropriations legislation that President Trump signed into law on Friday.
Candies, creams, drinks and more have opened a new $2.5-billion market for Canada’s infant pot industry, big portions of which took a pounding from the first year of legal marijuana.
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