Top Cannabis Investment News, Member Posts, Cannabis Investment Daily Indices and more!

3yrs ago Cannabis blunttruthlaw Views: 1k

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

Federal legislation to legalize cannabis is under consideration.  In state news, Virginia moved up its timeline to legalize possession and home grow.  New York launched a cannabis control website.  We take a look at what’s happening in Montana.  South Carolina probably won’t legalize medical marijuana.  And finally, only cannabis could unite Snoop Dogg and Charles Koch.

federal legislation

Senate Majority Leader Chuck Schumer (D-NY) supports federal decriminalization that would allow states to legalize.  Senators Cory Booker (D-NJ) and Ron Wyden (D-OR) are working with Schumer to draft a bill.  So where is the President on this?  According to Vice President Kamala Harris, the administration has been too busy to give the matter much attention.  Seems like Congress needs to do the heavy lifting, if they want a bill enacted.

Virginia

The Virginia legislature agreed to Governor Ralph Northam’s changes to its marijuana bill on Wednesday, moving up the timeline for legalization.  This means that possession and home cultivation of small amounts of cannabis become legal on July 1 of this year.  Retail sales, however, won’t begin until 2024.

new york

The Empire State’s Office of Cannabis Management website is up and running.  The governor’s office announced the website launch late last week.  It educates the public on state regulations, and provides information on both medical cannabis and adult-use cannabis licensure.

montana

Regular readers doubtless recall that Montana was one of several states to legalize marijuana in November.  So how’s the implementation going in Big Sky Country?  It’s complicated.  The House of Representatives passed three different bills this week that would tax sales at different rates and use the money raised for different purposes.  Now the bills move onto the Senate.  Further bulletins as event warrant.

south carolina

The prospects for medical marijuana legalization in South Carolina look bleak.  So what’s the holdup?  Sen. Greg Hembree (R-Myrtle Beach), who opposes the bill, announced this week that he will block the legislation.  Rules require a three-fifths vote to override this move, and the bill’s backers are doubtful they can muster that much support.

and finally

Snoop Dogg’s work with Martha Stewart is well known to fans of cooking shows and The Puppy Bowl.  But that unlikely pairing is nothing in comparison to his latest strange bedfellow.  The rapper started the Cannabis Freedom Alliance with Charles Koch, the libertarian billionaire known for opposing environmental regulation.  On marijuana however, the Chairman and CEO of Koch Industries is all green.  The third member of the founding group is criminal justice reform advocate Weldon Angelos, head of the Weldon Project.


Today's Cannabis Investment Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.