Another Cannabis ETF Has Been Created
The last week has been huge for the global cannabis industry and the market is already seeing positive developments after Canada announced plans to legalize recreational cannabis by July 1, 2018.
This week, one of the world’s largest exchange-traded-fund (ETF) companies announces plans to list the first North American focused cannabis ETF on the Toronto Stock Exchange.
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Conservative Republicans In Support Of South Carolina Medical Marijuana Proposal
South Carolina Representative Eric Bedingfield used to oppose all marijuana use until his son lost a battle with opioid addiction and died from overdose. The conservative Republican co-sponsored marijuana legislation. Bedingfield recently stated, “My mindset has changed from somebody who looked down on it as a negative substance to saying, this has benefits.”
Almost twenty years after California became the first state to legalize medical marijuana, efforts to let patients legally access marijuana are slowly taking root in the South.
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Colorado Preparing To Dodge The Federal Marijuana Crackdown
A new approach is under review to protect Colorado’s marijuana industry from a potential federal restriction. The state would forfeit millions of dollars in tax collections by doing so. A proposal in the Legislature would permit marijuana farmers and retailers to reclassify their recreational marijuana as medical marijuana if the change in law happens. This would be the most audacious move by an American marijuana state to avoid intervention in its cannabis market.
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