The coronavirus was good for some industries and ruinous for others. For cannabis, 2020 was a breakout year. Legal sales across the U.S.—14 states allow adult use, 36 allow for medical sales—hit a record of $17.5 billion, a 46% increase from 2019, according to a new report. Most of the sales growth came from adult-use
Hemp Legalization & Regulatory News for Hemp Businesses
Benjamin Kovler, Green Thumb Industries CEO, joins ‘Power Lunch’ to discuss why the company’s shares are down despite the announcement that it is entering the California market. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to
Mar.12 — Mexico’s lower house approved a bill to legalize recreational marijuana. Will the U.S. be next? Aurora Cannabis CEO Miguel Martin speaks on “Bloomberg Markets: The Close.”
Recreational marijuana is now legal in 15 states, while 35 states have medical marijuana laws. NBC News’ Dan Lieberman reports on America’s gradual embrace of cannabis. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and
Mexico’s Chamber of Deputies has approved a bill to allow regulated marijuana and hemp industries. But the pending law still has hurdles to overcome and it could be years before a flourishing industry emerges. Lawmakers in Mexico’s lower house voted largely in support of the bill, with 316 votes in favor and 129 against. There
Across the country, more state laws are aligning with voter attitudes about recreational use of marijuana. The wave of cannabis legalization has had a significant influence on individuals, communities and governments, and driven the development of a burgeoning commercial industry. William Brangham begins our series on marijuana with a look at what has changed in
Socially disadvantaged farmers including those in the hemp industry are in line for new debt-relief funds in the $1.9 trillion American Rescue Plan of 2021. The legislation, which passed in the U.S. Senate Saturday and awaits changes and a final vote in the House, directs the U.S. Department of Agriculture to make payments to Black
NBC News’ Leigh Ann Caldwell reports on the bill passed by the Senate that would remove marijuana from the Controlled Substances Act, decriminalizing the drug on a federal level. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver
An Oregon hemp producer seeking $2.5 million in damages after its warehouse was raided by authorities looking for illegal marijuana suffered a big setback in federal court. U.S. Magistrate Judge Mark Clarke ruled that the search warrant used when authorities raided Oregonized Hemp Co., a farm and farm service contracting business, was valid. The Grants
Did you know that support for the legalization of marijuana is higher than it’s been in the past five decades? Sixty-eight percent of adults in the United States think that cannabis should be legal, and that includes people in all of the different political parties. Yet, marijuana is still illegal at the federal level, despite
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