Although stocks were down last month, production is up as nearly 20 new recreational products are set to be legalized in Canada.
Also, Nevada employers can no longer bar cannabis users from jobs, the South African government declassified CBD, and Texas is expanding its medical cannabis program. A truly exciting week as far as regulations go – continue reading for all the details.
It’s undeniable that cannabis use – whether medical or recreational – is becoming the new norm. Europe alone is seeing a steadily increasing number of medical cannabis patients and the EU market is expected to be the largest within the next few years. This is why these educational and networking events like Cannabis Europa are becoming increasingly important. Click here to read the full story.
With only a few months left before Canada legalizes a host of new recreational products, Deloitte estimates that it could be worth around $2.7 billion very soon. And this would be in addition to the currently valued $6 billion domestic market for cannabis products. Dried flower, oil, plants, and seeds are already legal, and soon edibles and topicals also will be. Click here to read the full story.
Starting in 2020, employers in the state of Nevada will no longer be able to deny jobs to people who test positive for cannabis. This unprecedented move makes Nevada the first state to not only protect cannabis-users from unfair hiring practices, but also allows them to appeal a failed drug test if they feel something happened in error. Click here to read the full story.
South Africa has long had a complicated and tumultuous relationship with cannabis. In short, it’s been prohibited for decades. But now, the South African government surprised the world by reclassifying CBD from a dangerous drug to a medicinal drug. Although unexpected, this change was bound to happen a cannabidiol treatments take hold across the globe. Click here to read the full story.
May was a rough month for Cannabis stocks as many big names plummeted as much as 80 percent. Although significant, it wasn’t quite as bad as the hit many Canadian stocks experienced late year. Even so, it’s left many potential investors with cold feet while analysts believe it was all a matter of strategy saying that savvy investors ‘had bought the run and sold the fact’. Click here to read the full story.
Texas has been a notorious opponent of cannabis legalization for many years, but even the Lone Star State can no longer deny the healing powers of the plant. Just a couple weeks ago, the Senate voted to expand the state’s Compassionate Use Program with allows people with certain health conditions to use cannabis oil with a prescription. Click here to read the full story.