Posts in News
Illinois to become 11th Recreational Cannabis legal state

Illinois budget problems are well known. Govenor J.B. Pritzker has been an advocate for marijuana legalization as a part of a solution to help the state’s finances. The governor had an aggressive agenda and was recently able to broker a bipartisan agreement on the budget and a massive new infrastructure plan which includes a provision to legalize recreational marijuana use in the state.

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New York moving to Legalize Recreational Marijuana within Months

Governor Cuomo in New York is moving quickly forward to legalize recreational cannabis use. Cuomo had been an opponent of legalization, but his stance has softened in the last few years and changed completely after a recent study suggested “the benefits of taxing and regulating the drug outweighed any negative effects.” Various organizations and groups are already fighting for the revenue legalization will produce.

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NewsCharles Freeman
2018 Farm Bill Nearing Passage for CBD and Hemp Companies

The 2018 Farm Bill is nearly ready to go to President Trump’s desk for a signature. The Farm Bill includes many provisions, but one of the most interesting is the inclusion of hemp.

The bill will LEGALIZE INDUSTRIAL HEMP

This is ANOTHER huge step forward for the cannabis industry in general. If passed, industrial hemp will be removed from the Controlled Substances List and will officially be a legalized agricultural commodity.

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NewsCharles Freeman
Midterms and the Market

The Democrats successfully retook the House last night in the U.S. Midterms. The question is, “What does that mean for your portfolio?”

With a divided Congress and polarization at extremes, the Trump/Republican legislative agenda will likely come to a screeching halt. The Democrats do not have enough control to really “undo” anything, but they can stand in the way of further moves by Trump.

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NewsCharles Freeman