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Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary Data from BDSA suggested cannabis sales were very sluggish across the U.S. in January Hifyre data suggested a that cannabis sales in February were similar on a per-day basis to January Illinois adult-use sales of $114 million in February grew 41% from a year ago and increased on a per-day basis from January 420 Investor model portfolios have returned -18.0% to -13.2% year-to-date, while the Global Cannabis Stock Index has lost 20.3% Review BDSA data for January…

With at least five competing cannabis legalization bills in play this session in Maryland, the state’s Senate president weighed in on Friday about how he’d like to see lawmakers proceed during the remaining weeks of the legislative session. The House of Delegates passed legislation last week that would ask voters whether to legalize cannabis for adults in the state, as well as a separate bill that lays out related criminal justice reforms. On the Senate side, two competing proposals have been introduced and are pending in committee: One that would legalize cannabis directly later this year as well as another…

Seyfarth Synopsis: The latest Gallup poll shows that 68% of Americans support cannabis legalization. Further, the rate of positive cannabis test results has jumped in the last decade. And according to recent news reports, some large employers have stopped testing job applicants for cannabis. As a result, other employers may be pondering whether to change their approach to an increasingly popular drug that is legal for medicinal or recreational use in most states. However, the decision may not be so easy. Here, we outline a variety of issues that might aid relevant stakeholders in weighing the practical and legal risks…

With at least five competing cannabis legalization bills in play this session in Maryland, the state’s Senate president weighed in on Friday about how he’d like to see lawmakers proceed during the remaining weeks of the legislative session. The House of Delegates passed legislation last week that would ask voters whether to legalize cannabis for adults in the state, as well as a separate bill that lays out related criminal justice reforms. On the Senate side, two competing proposals have been introduced and are pending in committee: One that would legalize cannabis directly later this year as well as another…

Curaleaf posted sales of $320 million for its latest quarter. Jeenah Moon/Bloomber The world’s biggest licensed cannabis seller, Curaleaf Holdings , nearly doubled its sales in 2021, and can expect recreational sales to begin in New Jersey, Connecticut, and New York in the next year or so. But the 2022 guidance it released with its December quarter results wasn’t as strong as analysts expected. That won’t help a stock (ticker: CURLF) that has underperformed in the past few weeks. “We had a great year in 2021, growing over 93%,” Chief Executive Joe Bayern told Barron’s Friday. “It really highlights the…

With at least five competing cannabis legalization bills in play this session in Maryland, the state’s Senate president weighed in on Friday about how he’d like to see lawmakers proceed during the remaining weeks of the legislative session. The House of Delegates passed legislation last week that would ask voters whether to legalize cannabis for adults in the state, as well as a separate bill that lays out related criminal justice reforms. On the Senate side, two competing proposals have been introduced and are pending in committee: One that would legalize cannabis directly later this year as well as another…

With at least five competing cannabis legalization bills in play this session in Maryland, the state’s Senate president weighed in on Friday about how he’d like to see lawmakers proceed during the remaining weeks of the legislative session. The House of Delegates passed legislation last week that would ask voters whether to legalize cannabis for adults in the state, as well as a separate bill that lays out related criminal justice reforms. On the Senate side, two competing proposals have been introduced and are pending in committee: One that would legalize cannabis directly later this year as well as another…

The Oklahoma House of Representatives on Monday approved a bill to decriminalize low-level possession of psilocybin and promote research into the therapeutic potential of the psychedelic, sending it to the Senate. The legislation, sponsored by Rep. Daniel Pae (R), cleared the chamber in a 62-30 vote. This comes one month after the measure advanced through the House Public Health Committee. The bill is one of two GOP-led psilocybin reform measures that were filed in the Oklahoma House in January. The other is less far-reaching in that it doesn’t contain a decriminalization provision and is more targeted in its research guidelines….