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Connecticut Governor Signs Marijuana Legalization Into Law

Connecticut Governor Signs Marijuana Legalization Into Law

The governor of Connecticut on Tuesday signed a bill to legalize marijuana—making it the 19th state to enact the reform. Gov. Ned Lamont (D) has been broadly supportive of ending prohibition, but the path to get the legalization bill to his desk was rocky. Just as lawmakers were preparing to give the bill final passage, he threatened a veto over language on equity licensing that had been added, prompting legislators to revise it. “It’s an important thing to do on a number of fronts. Number one, in terms of equity and social justice,” the governor said. “I think it is a model for the rest of the nation. We had a chance to learn from others,” Lamont said. “It’s been a long time coming.” Connecticut is the fourth state to legalize cannabis for adult use this year alone, following New York, Virginia, and New Mexico.

Kyle Jaeger, Marijuana Moment, 06/22/2021 12:22:00

Open article: https://www.marijuanamoment.net/connecticut-governor-signs-marijuana-legalization-into-law/

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Pennsylvania Lawmakers Build Support For New Marijuana Legalization Bill

Pennsylvania Lawmakers Build Support For New Marijuana Legalization Bill

Two Pennsylvania lawmakers are working to build support for a marijuana legalization bill they plan to introduce soon. In a memo sent to colleagues on Monday, Reps. Jake Wheatley (D) and Dan Frankel (D) said the proposal “will create a legal and regulatory framework structured to control and regulate the cultivation, processing, transportation, distribution, delivery, and sale at retail of cannabis and cannabis products. This comes as a bipartisan Senate duo is also in the process of crafting legislation to legalize cannabis across the commonwealth. Sens. Dan Laughlin (R) and Sharif Street (D) announced some details of the proposal earlier this year, but the bill has yet to be formally introduced. Wheatley and Frankel said their upcoming measure will legalize possession and sale of up to one ounce of cannabis for adults 21 and older. It would establish a legislatively appointed Cannabis Regulatory Control body to oversee the market.

Kyle Jaeger, Marijuana Moment, 06/22/2021 09:04:00

Open article: https://www.marijuanamoment.net/pennsylvania-lawmakers-build-support-for-new-marijuana-legalization-bill/

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Texas Will Study Benefits Of Psychedelics For Military Veterans Under Bill Enacted Without Governor’s Signature

Texas Will Study Benefits Of Psychedelics For Military Veterans Under Bill Enacted Without Governor’s Signature

The governor of Texas allowed a bill that will require the state to study the therapeutic potential of psychedelics to become law without his signature on Friday. This comes days after Gov. Greg Abbott (R) signed separate legislation to modestly expand the state’s limited medical marijuana program. Under the psychedelics measure, the state will be required to study the medical risks and benefits of psilocybin, MDMA, and ketamine for military veterans in partnership with Baylor College of Medicine and a military-focused medical center. It also mandates a clinical trial into psilocybin for veterans with PTSD, in addition to a broader review of the scientific literature on all three substances. “Psychedelic medicine has the potential to completely change society’s approach to mental health treatment, and research is the first step to realizing that transformation,” Rep. Alex Dominguez (D), sponsor of the bill, said in a press release after it was sent to Abbott’s desk.

Kyle Jaeger, Marijuana Moment, 06/21/2021 09:04:00

Open article: https://www.marijuanamoment.net/texas-will-study-benefits-of-psychedelics-for-military-veterans-under-bill-enacted-without-governors-signature/

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Valens Closes $40 Million Acquisition of CBD Manufacturer Green Roads

Valens Closes $40 Million Acquisition of CBD Manufacturer Green Roads

The Valens Company Inc., a leading manufacturer of cannabis products, today announced that it has closed its previously announced acquisition of all the issued and outstanding shares of Green Roads and its manufacturing subsidiary (collectively, “Green Roads”). The cash and share transaction consideration totaled US$40 million, plus up to an additional US$20 million in contingent consideration payable upon the purchased business achieving certain EBITDA milestones (the “Milestones”). If all the Milestones are met in 2022, the transaction represents approximately 4.5x fiscal 2022 EBITDA2. The investment in Green Roads is expected to contribute to the further development of its highly successful e-commerce platform, support the expansion of its retail distribution network in the US, and increase the brand’s sales and marketing resources to drive market leadership in the health and wellness vertical.

Published Ncv Newswire, New Cannabis Ventures, 06/21/2021 07:41:00

Open article: https://www.newcannabisventures.com/valens-closes-40-million-acquisition-of-cbd-manufacturer-green-roads/

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Nevada Gives Green Light to Cannabis Consumption Lounges

Nevada Gives Green Light to Cannabis Consumption Lounges

Cannabis consumption lounges will be coming to Nevada next year under a bill signed into law by Democratic Gov. Steve Sisolak earlier this month. The measure, Assembly Bill 341 (AB341), was signed by Sisolak on June 4 after being passed by lawmakers in both houses of the state legislature in May. Currently, onsite cannabis consumption is only allowed at the NuWu Cannabis Marketplace on Las Vegas Paiute tribal land north of downtown. The legislation permits two types of cannabis businesses. Retail cannabis lounges will be operated by licensed marijuana dispensaries, while independent cannabis consumption lounges will not be connected to a retailer. Both types of businesses will sell ready-to-use or single-use cannabis products for onsite consumption by adults 21 and older. Live entertainment is permitted, but alcohol will not be allowed. “You can think of it like a bar, except obviously there will be no alcohol,” Assemblyman Steve Yeager, the sponsor of the legislation, said during a Senate Finance Committee hearing, as quoted by Forbes.

420 Intel – Marijuana Industry News, 06/20/2021 20:00:00

Open article: https://420intel.com/articles/2021/06/21/nevada-gives-green-light-cannabis-consumption-lounges

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2 Marijuana Stocks To Watch The Second Half Of June 2021

2 Marijuana Stocks To Watch The Second Half Of June 2021

The current trading for marijuana stocks has started to look better over the last month. At the start of May, cannabis stocks were still trading down. However, towards the second week of trading marijuana stocks started to show signs of volatility. Which in this case during that time was more market action since mid-February. After the 2nd week of May, marijuana stocks were fluctuating in price at a fast rate to where the last half of May cannabis stocks had trouble sustaining trading momentum. Yet during the last week and half of May was the time when the sector started to show more consistency with its upward push in the market. This increase in trading momentum continued into the following month and currently, things are looking better for the overall sector. Trading in June has started to look much better for marijuana stocks. Many companies have been releasing earnings as well as expanding operations through mergers and acquisitions.

420 Intel – Marijuana Industry News, 06/21/2021 20:00:00

Open article: https://420intel.com/articles/2021/06/22/2-marijuana-stocks-watch-second-half-june-2021

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