Jan 10, 2022 · Andrew J. Wilder Andrew Wilder, Co-chair of our Cannabis Law Group, spoke with Jay Rosenthal of BofC Live on the current state of the Canadian cannabis sector. May 31, 2021 Reflections and Trends to Look for Since the Legalization of Recreational Cannabis in Canada
Jan 04, 2022 · Ironically, the new vaccine requirement at liquor and cannabis stores will only apply to shoppers. Employees won’t be forced to be vaccinated, the Journal de Montreal said. Nearly 85% of all Quebec residents have received at least one vaccination dose, one of the highest rates in the world, but that hasn’t stopped the rampant spread of ...
Jan 13, 2022 · Canada legalized cannabis in Oct. 2018 to make money, improve public health, and help people harmed...
Jan 02, 2022 · Several new legalization bills were introduced in 2022: HB 1348 would legalize personal possession and cultivation for adults 21 and older, without establishing a legal, regulated market; HB 1468 would legalize personal possession of an unlimited amount for adults 18 and older, without establishing a legal, regulated market; HB 1598 would legalize and regulate cannabis for adults 21 and older and require sales to occur in state-run stores (which would be preempted by federal law); CACR 20 ...
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- Cannabis Reforms and Trading
- The Need For Cannabis Reforms in 2022
- Senator Chuck Schumer Remains Committed to Getting Federal Reform
- What Are Some of The Fang Stocks of Weed?
- Bottom Line
Throughout this year, no notable cannabis reform was passed at the federal level. There were only rumors of national measures and initiatives nearing approval, but none was signed into law. Stockholders and traders explained that there were better trading options at a point this year. This improvement occurred around the time news surfaced that the government was taking specific steps to ensure the reforms were approved in a short time. While the values of many cannabis stocks were rising due to this update, most companies could not maintain the upward positions. This resulted in a wave of unpredictable trading conditions that did more harm than good for the investors' confidence level.
Many investors are pondering on the same thing— which is what the future holds for cannabis reforms in 2022. The odds of federal reforms failing to pass again are pretty significant, and the industry needs something concrete to work with to put an end to the uncontrollable, volatile spikes in cannabis stocks and their trading options. As of the time this is being written, none of the cannabis stocks have yielded good returns like they did a few days before and into 2021. Many investors believe that the absence of federal reforms will prevent the better trading of marijuana stocks next year. They also feel that it will hurt the overall trade volume in the cannabis industry. This past year has been a rollercoaster for traders in the industry, and the majority of these traders and stockholders will prefer that the events of the last twelve months do not happen again. This doesn't bode well for the industry because it could deter new investors from venturing into the sector. Of course,...
Senator Chuck Schumer is one of the most outspoken cannabis advocates in the Senate this year. He has introduced at least two measures to the Senate to seal the decriminalization of cannabis in some forms. However, most of these bills fell through. He made it known that he is still working on a more comprehensive bill that could yield significant changes in the federal cannabis industry. For 2022 to not be another letdown for cannabis investors and stockholders, lawmakers need to rally around and get the necessary support not only to ensure marijuana remains in the spotlight but to guarantee that legislative changes come to fruition. Schumer is committed to various reform efforts, and he's hell-bent on introducing legislation that not only focuses on banking reforms for the industry but also on the bigger picture. In a recent interview, he said that a large percentage of the countries and their lawmakers have discovered that all the myths about cannabis are just that—myths. The drug...
Curaleaf Holdings, Inc. (OTC:CURLF) This company functions as a medical and wellness cannabis center in the United States. There are two arms of operations: cannabis operations and non-cannabis operations. The company recently opened four new dispensaries in Florida and still has plans to open more in the coming months. It also announced that it would be adding more innovative products to its stock. Planet 13 Holdings Inc. (OTC:PLNHF) This cannabis company dabbles in all the operations involved in cannabis production and processing. It cultivates, produces, and develops cannabis-derived products for the medical and recreational retail markets in Nevada. The company also distributes and markets these products while operating some of the most significant cannabis dispensaries in California. The company has a lot of value to offer as one of the prominent companies at the forefront of Nevada's cannabis industry. Green Thumb Industries This company manufactures and sells many cannabis pr...
Cannabis is here to stay, but only federal reforms can ensure the industry attains the level it ought to reach. National reforms will provide the trading momentum that lasts long enough for investors and shareholders to make significant ROIs. The cannabis sector lacks consistency. Any form of cannabis decriminalization will erase a tremendous amount of doubt and uncertainty in the industry.
4 days ago · In the United States, the use and possession of cannabis is illegal under federal law for any purpose pursuant to the Controlled Substances Act of 1970 (CSA). Under the CSA, cannabis is classified as a Schedule I substance, determined to have a high potential for abuse and no accepted medical use – thereby prohibiting even medical use of the drug.