25% Federal Marijuana Tax, Not Enough Votes, Blocking the Safe Banking Act – Schumer’s Legalization Stumbles Out of the Gate

What we learned on the first real attempt to federally legalize marijuana in America Senator Shumer and Senator Booker have released their first attempt at Federal marijuana legalization called the Cannabis Administration and Opportunity Act, weighing in at 163 pages.  After reading the reviews and the document, I wanted to…

Continue reading

Penney: Cannabis Stocks Will Surge Once The SAFE Act Is Passed

Get access to Hedgeye’s FREE Market Brief newsletter: https://hedgeye.com/marketbrief To subscribe to the Hedgeye #Process – https://accounts.hedgeye.com/products In this morning’s edition of The Macro Show, Hedgeye Consumables analyst Howard Penney answers a subscriber question regarding how regulatory changes will shift (and drive) the cannabis sector. “The fundamentals for $ MSOS…

Continue reading

Rhode Island Lawmakers Pass Bill Authorizing Safe Injection Sites

Rhode Island could become the first state in the union to allow safe injection sites for illicit drugs under a bill passed by lawmakers late last week. Under the legislation, the state would authorize a two-year, pilot program for the operation of “harm reduction centers” where overdose prevention and other…

Continue reading

Louisiana Medical Marijuana Patients Gain Safe Access to Smokable Weed

State lawmakers in Louisiana approved a bill on Wednesday that allows patients in the state’s medical marijuana program to access smokable forms of cannabis. The measure, House Bill 391, was approved in the Louisiana House of Representatives by a vote of 76 to 17 after being approved by the state…

Continue reading

Will the Senate Actually Pass the SAFE Banking Act and If So, When Will They Do It?

Marijuana businesses have been operating on an all-cash basis for years now. No thanks to the federal government’s ancient policies that make accessing the services of banks and lenders impossible for hemp-based companies. This circumstance makes the cannabis industry a target of crime. In 2017, a beacon of hope appeared…

Continue reading

Harvard Just Did a Study on Weed and Found Out It is Safe and Effective for Chronic Pain

Also, Canadian Study finds near 50% reduction in opioid use when substituting with cannabis Most people who use cannabis do so for pain management. In fact, 62% of the people using medical cannabis claim to be using it for some sort of pain management. But how effective is it really?…

Continue reading