Brexit Update - Bojo and the Backstop
Illinois to become 11th Recreational Cannabis legal state
Recently elected Prime Minister of the UK, Boris Johnson, is making it clear the UK is leaving the European Union on October 31 with or without a deal.
If you are unfamiliar with what is going on here, in 2016, the UK held a vote about whether or not to stay in the European Union, a group of 28 countries working together economically and politically. Why would they want to do this?
FDA Change could potentially delay guidance on CBD rules - but not for long
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.
It’s official! HEMP IS LEGAL!
With Scott Gottlieb stepping down as FDA chief, uncertainty surrounds the fate of guidelines for the usage of CBD in food or beverages. In December, the Farm Bill legalized hemp and opened the door for the industry to explode. However, the FDA regulates the ingredients within products that are sold here in the U.S….
New York moving to Legalize Recreational Marijuana within Months
President #Trump signed the 2018 Farm Bill into law and one provision legalizes industrial #hemp as an agricultural commodity. Here is a look at some of the provisions and why it is game changer for the broader #cannabis market.
The most significant impact is that it removes industrial hemp from the Schedule 1 Controlled Substances List.
What? You got an #Apple Watch with your new #insurance policy?
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.
2018 Farm Bill Nearing Passage for CBD and Hemp Companies
A common complaint many people have about life insurance is that they will be dead when the benefit pays out. : ( Well, John Hancock’s new “Vitality” program is solving that problem.
My term life insurance policy was coming to an end, and I needed a new policy. My friend told me about the Vitality program because he had been doing it for about 8 months and loved it.
Big Tobacco enters the Cannabis Space
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.
Midterms and the Market
Big tobacco entered the cannabis market today with Altria, the maker of Marlboro cigarettes, investing $1.8 BILLION dollars in the cannabis company Cronos Group. This is a huge development for the industry as a whole.
Is marijuana usage more acceptable than national polls suggest?
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.
Medical Marijuana as a Solution to the Opioid Crisis?
A number of national studies, such as the recent Pew Research Center study, suggest that 62% of Americans support marijuana legalization. An informal poll makes me wonder if this number is actually higher.
I recently put up a billboard to advertise my cannabis investment strategy here in town.
“The Opioid Epidemic” is a major national problem here in the United States. The Department of Health and Human Services (HHS) estimate 130+ PER DAY die from opioid-related drug overdoses. I personally know numerous people who have been touched by the opioid crisis in some way.