Tag : legal cannabis

Politics

Canada Officially Legalizes Recreational Cannabis

Editor
The Canadian government has officially passed Bill C-45 yesterday, better known as The Cannabis Act. Now legislation has been set in place by the country’s Senate and House of Commons to legalize cannabis and the extraction of cannabinoids from industrial hemp. Implementation of the new bill is expected to take...
Politics

Michigan will Vote for Recreational Cannabis in November

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The State Board of Canvassers in Michigan, the government body in the state that oversees its elections, has decided to include a recreational cannabis vote in the states November 2018 election. Over 365,000 registered voters signed the petition in favor of the legalization of cannabis. If passed, adults the age...
Current News Global

ICC Labs Receives Two Medicinal Cannabis Licenses in Colombia

Editor
On February 27, 2018, ICC Labs Inc. (TSX-V:ICC) announced that the Ministry of Justice and Law of the Republic of Colombia had granted ICC Labs’ Colombian subsidiary a license to cultivate psychoactive cannabis plants for medicinal purposes for domestic and international distribution. The Ministry of Health of the Republic of...
Politics

Judge Dismisses Case to Overturn Schedule I Status of Cannabis

Editor
Less than two weeks after hearing oral arguments in the case of Washington v. Sessions, which challenged the federal government’s classification of cannabis as a Schedule 1 drug, a federal judge on Monday dismissed the lawsuit. U.S. District Judge, Alvin Hellerstein, stated that the case turned not on the merits...
Politics

Vermont Becomes 9th State to Legalize Recreational Cannabis

Editor
Vermont becomes the 9th state in the U.S. to legalize recreational cannabis for adults over 21 but, the first state to do so through its passing legislation. Every other state has voted recreational cannabis via a ballot measure. Gov. Phil Scott had originally rejected a similar bill last year but,...
Politics

Marijuana Justice Act Seeks to End Federal Involvement in Recreational Cannabis States

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The Marijuana Justice Act seeks to remove cannabis from the controlled substance act and stop federal involvement with recreational U.S. states. The bill has been  signed by Sen. Kirsten Gillibrand (D-NY) and Sen. Cory Booker (D-NJ) and is picking up momentum in the U.S. Senate. The new bill would also require the...
Current News Market Watch Uncategorized

MedReleaf (TSE: LEAF) Announces 3rd Quarter Financials

Editor
MedReleaf posted the company’s third quarter financials this morning. The numbers speak for themselves. Sold 1,263 kilograms of cannabis products an increase of 27% from the prior year period Total sales of $11.4 million, an increase of 9% from the prior year period At the end of December 31, 2017, the...
CCT Voice Current News Growers

Global Hemp Group Inc. (CSE: GHG) Poised for Breakout Year in 2018

Editor
In July, Canada’s plans to legalize  recreational  cannabis nationwide, will come into effect. Hidden behind the buzz generated by recreational cannabis is Canada’s plans to legalize the extraction of cannabinoids, such as Cannabidiol (CBD), from industrial hemp.  According to research undertaken by the Brightfield Group, the industrial hemp-based CBD market...
Politics

Canadian Public Cannabis Companies Finally Hit a Wall

Editor
Millions worth of small cap investor’s money has been pouring into the Canadian public cannabis sector, bringing companies evaluations, like Aurora Cannabis (TSE: ACB) and Canopy Growth Corporation (TSE: WEED), into the billions of dollars. This recent surge is most likely the result of Canada’s announcement by Justin Trudeau, the...