Cannabis industry stocks soared on Tuesday as industry leaders made groovy predictions about their financial prospects and marijuana legalization in Washington. Shares in Canadian grower Tilray finished up more than 40 percent on Tuesday after Chief executive Brendan Kennedy mused to Bloomberg Television that he now expects more state and possibly a federal legalization within “the next 12 to 18 months.”
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With marijuana now legalized for recreational use in Montana, a Fort Benton lawmaker is advancing legislation intended to protect the state’s industrial hemp crop from running afoul of federal law.
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After Hughes County judge Christina Klinger ruled against the legality of Amendment A, lawmakers are now left to wonder how they should approach the issue of marijuana moving forward.
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An influential group of Minnesota legislators is renewing a push to legalize recreational marijuana this year, as more neighboring states allow and reap the financial windfall from legalized cannabis sales. "The ability for Minnesotans to drive across the border to get cannabis is going to increase significantly," House Majority Leader Ryan Winkler, DFL-Golden Valley, said at a news conference on Monday.
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Two bills seeking to add New Mexico to the ranks of Western states that have legalized recreational cannabis for adult users were introduced in the state Senate on Monday, and additional proposals could be filed in the coming days.
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The growing movement to legalize marijuana is eyeing its first real foothold in the Old South. Once a deeply conservative state where Republicans dominated elected office just a decade ago, Virginia has seen a more liberal crop of politicians come to power, with Democrats now holding every statewide office and controlling both chambers of the Legislature.
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With more than 3,000 bill draft requests filed, just a few over 300 have been introduced in the 2021 Montana Legislature so far. This means much of our time now is spent analyzing, researching, and talking to sponsors and agencies here in Helena to better understand the intent and ramifications of potential bills before they're heard in committee. We work proactively to suggest improvements, ask for changes, and help ensure that when and if a bill is introduced, it will be positive for Montana's agriculture industry.
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Metrc has lost a second court challenge against the state of Missouri as the company pushes for the right to charge medical cannabis providers for each RFID tracking tag.
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State Rep. Carlos Guillermo Smith, of Orlando, introduced a bill in the Florida House this week that would make marijuana available for use by adults over 21 without needing a medical marijuana card, as part of a round of legislation that would also review certain marijuana-crime convictions.
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Two days after a Senate panel approved changes to a marijuana legalization bill that would delay retail sales a year past the governor’s proposed target date, the Senate Rehabilitation and Social Services committee advanced the legislation in another party-line vote.
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