What are the Biggest Marijuana News of 2018? What have we learned? We hope you find the news interesting! Here are five of the biggest marijuana news stories of 2018.
The legalization of marijuana is gaining momentum as more states become legal. Last year, the House passed a marijuana reform bill, but it did not make much progress in the Senate. Now, under Democratic control, it’s likely to move forward. The bill is one of several cannabis-related bills currently before Congress. Its opponents are focusing on its potential legalization. In addition, advocates are focused on social equity and banking restrictions.
New York state legislature moves closer to legalizing marijuana. But the federal government still considers marijuana a Schedule I drug, making it difficult for national banks to work with marijuana companies. Some of the largest banks are shying away from the industry because of the federal connection, fearing the consequences of dealing with marijuana. This legislation is one of the Biggest Marijuana News of the Year
Several major companies in the marijuana industry raised millions of dollars. For example, Dutchie raised $3 million in 2018 from investors including Snoop Dogg and Kevin Durant. Machine learning will be a big help in the marijuana industry. MTrac promises to solve banking problems. And Bloom Automation is building robots to process marijuana. Despite these recent developments, investors should be cautious about the cannabis industry.
Another big marijuana news of the year is the legalization of marijuana in Washington state. This law could lead to the release of the Cannabis Administration and Opportunity Act later this month. The state’s House of Representatives approved legislation for research in the field. Additionally, a report published on FiveThirtyEight details alleged corruption in testing labs. In Maine, marijuana retailers shopped $5 million worth of marijuana products in May alone.
If legalization comes to fruition, the House will soon pass legislation to decriminalize marijuana. But if Democrats get control of the House, it may take more than a year before the federal government makes major changes. However, many marijuana policy reform advocates hope that this new administration will act soon. In the meantime, there is still hope for reform. The House contains 296 members of Congress representing the 33 states that have legal marijuana. The new Congress will likely pass several marijuana reform bills.
Despite all of this, the legalization of marijuana in New York is still years off. Retail sales in the state are still scheduled to begin sometime after 2022. However, this legalization process will make marijuana more accessible to consumers. As soon as the legalization process is complete, marijuana growers and entrepreneurs will be ready to move into this new market. It will be a major step in the legalization of marijuana in the state.
Despite the legalization of marijuana in several states, the cannabis industry has grown dramatically in the past few years. Legalization in California has led to a flood of investment in the sector. In November, three more states joined the list. Meanwhile, new recreational marijuana laws in Virginia and New York were passed. In November, the Oklahoma Medical Marijuana Authority reported revenue of $138 million. A similar increase in tax revenue was reported in the state of Washington.
Legalization has helped the cannabis industry adapt to a complex regulatory environment. Different states and countries have different laws, but these changes are helping the cannabis industry to grow and thrive. While marijuana has yet to become legal in most jurisdictions, some established companies are expanding their presence marijuana in the marijuana industry. These companies include Cronos Group Inc. and Tilray Inc. Despite these developments, many of the big marijuana companies are still reporting net losses. As the legalization of marijuana expands, these companies are increasingly focused on investing in new equipment and accelerating revenue growth.
Despite the legalization of marijuana in many states, most of the large corporations that operate marijuana stores are located in the northern half of the country. That means more legal marijuana businesses can expand into these markets. In Canada, the situation is still bleak. Despite the legalization of marijuana in Canada, supply continues to outpace demand. The industry has many challenges and risks to overcome. It is a big opportunity for investors and the industry’s future.
Despite the legalization of marijuana, many people still do not trust doctors. In fact, in May 2014, Florida lawmakers passed a medical marijuana law. In a subsequent bill, Governor Matt Gaetz changed the law to restrict who could get in on the ground floor. Today, us marijuana seeds the medical marijuana industry is a billion dollar business in Florida. The movie is a game changer for the industry. The film has changed public perception of marijuana, and the cannabis industry is poised to become an even bigger part of American society.