Legalization of cannabis will be considered in several U.S. states in 2020. States considered likely to legalize it for any adult use included Arizona, Florida, New Jersey, New Mexico, and New York.
Read moreAt least 18 states stand to loosen their marijuana laws this year.
It looks like 2020 could be a very big year for marijuana legalization.
The year began with a bang when Illinois started recreational marijuana sales, after the state became the 10th in the country and the second in the Midwest to legalize marijuana.
Read moreDozens of cannabis policy reform bills are pending in state legislatures across the country, and several major reforms appeared poised for passage as of early March. However, the coronavirus has resulted in a fluid situation.
Read moreState legislatures across the U.S. have convened for new sessions over the past month, and a growing number of governors are taking steps to push lawmakers to include legalizing marijuana as part of their 2020 agendas.
Read moreCannabis sales have increased substantially in the last few years, but so has the competition with more growers, retailers and other entrepreneurs vying for a stake in the “green rush.” At the same time, an oversupply of marijuana and the cost of operating in this highly regulated industry are taking their toll.
Read moreMedical marijuana is a derivative of the Cannabis sativa plant. It also goes by the name of medical cannabis. It is used by pharmaceutical companies for manufacturing various drugs with therapeutic applications.
Read moreThe U.S. Food & Drug Administration (FDA) has approved four medications made from synthetic or real plant marijuana extract. Such approval is indicative of the FDA’s confirmation that marijuana has medicinal benefits as evidenced by rigorous clinical trials.
Read moreAlabama, one of the most conservative states in the country, is moving closer to legalizing medical marijuana.
Read moreThe nationwide coronavirus outbreak could set back cannabis legalization efforts along the East Coast and elsewhere, raising further questions about the launch of lucrative new adult-use and medical markets in New York and other states.
Read moreMarijuana legalization has made significant progress over the years, and Malawi is the latest country to permit its use. The African country of about 19 million people will now allow cannabis to be used in medicine and in the creation of hemp fibers. While it doesn’t permit the recreational use of marijuana, it’s another significant step forward for Africa, where Zambia, Zimbabwe, Lesotho, and South Africa have all loosened their laws relating to cannabis.
With North American cannabis companies struggling over the past year, this is a welcome sign for investors, as it means there will be more options to invest in other parts of the world. For companies, it also creates the opportunity to import pot from other regions where it’s cheaper and easier to grow year-round. And the good news is that there’s another country that may soon be about to legalize pot.