U.S. Attorney General Jeff Sessions is seeking to turn the clock back by reversing Obama-era guidelines discouraging federal marijuana prosecutions in states that have legalized weed. But Sessions' effort spill over onto CBD oil?
The short answer is: It shouldn't, since CBD oil won't get you high and has numerous potential benefits.
The longer answer is that it's not even clear how Sessions' directive issued last week will affect marijuana sales.
"The Justice Department's new directive leaves the legal status of cannabis up to 93 US Attorneys," Rep. Jared Polis, a Colorado Democrat who's seeking to become the governor of his home...
Corona distributor Constellation Brands' purchase of a 9 percent stake in Canadian marijuana company Canopy Growth Corp. is a step in the direction of corporate involvement in the legal weed business.
In another sign that corporate types, especially those with backgrounds in the alcohol business, are interested in marijuana, the former marketing chief for Budweiser brewer Anheuser-Busch InBev has made two investments in marijuana startups and likens legal marijuana to the craft beer industry.
Constellation made its $195 million investment in Canopy Growth last month, and has options to buy more shares at a later time. Canopy is a leading producer of...
Wildfires have devastated California marijuana growers, just as the nation’s biggest legal cannabis market comes online.
The New York Times reports:
Hezekiah Allen, the executive director of the California Growers Association, said Thursday that at least seven farms had been destroyed, and that he expected the number to “increase significantly” as people returned to their homes. Tens of thousands of cannabis growers live in Northern California.
The owners of the seven farms include small-scale growers who put their life savings into their farms over the past year, he said. None of them have insurance, he said.
“They leveraged themselves entirely,” Mr. Allen said. “It’s going...
Legal marijuana’s El Dorado approaches, and fast food companies should rejoice.
Those are two bits of news Blue Moon Hemp has dug up this week.
Recreational marijuana legalization launches in three states next year, including the most massive market of them all, California. Massachusetts and Maine also expect to roll out recreational marijuana legalization. Washington, Oregon, Colorado, and Nevada already have recreational marijuana retailers.
California, with its huge economy and population, will be by far the most important market for recreational marijuana. CNN reports:
Voters in California, Massachusetts and Maine approved legalization of recreational marijuana in referendum votes in November 2016, on the...