Joe Biden, frontrunner for the Democrats' 2020 presidential nomination, wants to make cannabis a Schedule II drug, a policy critics say could destroy much of the existing industry, Vice reports. There is no precedent for an open REC market for a schedule II drug.
Speaking on Joe Rogan's podcast, Sen. Bernie Sanders (D-Vt.) said as president he would legalize REC by executive order.
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State and local pot taxes are on pace to reach $1.6B this year, according to an analysis by the Institute on Taxation and Economic Policy. The total represents a 15% jump over 2018.
Correction: Last week we said California has allocated $10M to support equity programs. It has allocated $40M.
Cannabis lobbying continues to heat up:
Here's the latest from some of the country's smaller markets:
CEO, Critical Mind Inc., Adelanto, CA Affiliations: CA State Bar; Board member, Adelanto Growers Association Critical Mind, Inc. is a Medical Cannabis Cultivation and Manufacturing Facility located in Adelanto, CA. Providing the highest quality Cannabis products. Compliance without Compromise! criticalmindinc.com
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A Gallup poll found 14% of Americans use CBD products.
Some cannabis companies are controvertially embracing facial recognition technology to prevent burglaries, control access to stores and better understand customers.
Plans for a Woodstock 50th anniversary contest went pfft, and now Green Market Report has the story on why there's not (yet?) any Woodstock-branded weed.
Tiny Luxembourg could be the first E.U. country to legalize REC. Supporters of the law would create fully licensed markets in the Duchy similar to what exists in legal U.S. states.
The Princeton Review surveyed of 140,000 students to find the 20 stoniest college campuses.
Also, more major universities, including Cornell, McGill and the University of Maryland, are creating cannabis curricula.
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