The legalization of marijuana is on the fast track in the state of Connecticut. Lawmakers from both parties are in the final stages of drafting a bill that would allow adults 21 years and older to possess, grow, and/or purchase marijuana.

A group of bipartisan state lawmakers in Connecticut say they are close to a deal that would legalize recreational marijuana in the state. “The bill is going to pass this week,” said Sen. John Kissel (D-Enfield), the co-chair of the committee that is working on the proposal.

With Democrats taking over both Connecticut’s House and Senate, the bill to legalize marijuana—which could make it the ninth state to end the prohibition, and the first in New England—is expected to pass. The bill would allow adults to possess up to one ounce of marijuana and grow up to six plants, with the state Department of Consumer Protection regulating the retail sales of the drug. The bill would also allow municipalities to ban sales, which could be detrimental to the nascent legal marijuana industry.

420 Intel is the world’s leading source of cannabis information. Get the latest news on cannabis legalization, policy and technology, and the evolution of medical and recreational marijuana. Our goal is to bring you the most important cannabis news every day of the week. At 420 Intel, we know that effective coverage of the marijuana industry is an ongoing process. Every day there is news about the legalization of cannabis, technological developments and the medical benefits of marijuana use. Each new development has the potential to impact the marijuana industry regionally, nationally and internationally. 420 Intel is a marijuana industry news portal that keeps you up to date on these events and how they affect the world around you. Since the marijuana industry is constantly changing, you need an information channel that will keep you up to date with the latest information. At 420 Intel, we cover marijuana legalization news from around the world, provide reliable information to cannabis business owners, explain technological developments affecting the marijuana industry, report on marijuana gatherings around the world, and everything else. You can get 420 Intel news delivered straight to your inbox by subscribing to our daily cannabis news to keep up to date with the ever-changing cannabis industry. To stay up to date on marijuana legalization, follow us on Twitter, Facebook and LinkedIn.The state’s lawmakers will vote on the legalization of recreational marijuana this week. Marijuana, similar to alcohol, is illegal under federal law, but nine states and the District of Columbia have legalized it for recreational use. The bill allows some adults 21 and older to legally purchase up to one ounce of marijuana and to grow up to six plants in their homes.. Read more about is weed legal in ct 2020 and let us know what you think.

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A new poll released by Gallup, the venerable polling agency, has found that 56% of the American public believe that the possession of small amounts of marijuana for personal use should no longer be illegal. This is a significant shift for a country that spent over a century as an outlaw nation: in the early 1900s, the federal government classified marijuana as a “gateway drug”, and in the 1970s it was the first illegal drug listed in the Controlled Substances Act.

As recently as 2014, the United States was still looking for a drug policy that would keep drug abuse from becoming a national epidemic. The national debate over drug decriminalization is a great example of how change occurs when people take a deeper look at how drugs impact society.

A new survey by the Pew Research Center has shone a light on how Americans feel about drug decriminalization, and it’s time to let the facts speak for themselves.

More than half, 60%, of those surveyed in the United States believe the war on drugs should end and support the decriminalization of illegal substances. The American Civil Liberties Union (ACLU) and Drug Policy Allegiance (DPA) released the results of a survey on the eve of DPA’s 50th anniversary. The anniversary of President Richard Nixon’s declaration that drugs are public enemy number one. American policing has affected the lives of thousands of people, resulting in numerous incarcerations that have disproportionately affected blacks, Latinos, and Native Americans. According to the poll, 65% of those polled agree that the U.S. should end the war on drugs, and 66% believe that drugs should be completely decriminalized. The survey results show how much attitudes have changed since the 1970s. Almost two thirds of the respondents believe that new health measures should be introduced instead of new repressive measures. The majority of respondents also indicated that they felt the drug problem should be solved by health professionals and not the police. Overall, 83% of those surveyed said the war on drugs had failed. The ACLU sees the study’s findings as a clear message to President Joe Biden. On this 50th. On the 50th anniversary of the drug war, President Biden should deliver on his campaign promises and take steps to dismantle the system of over-policing and mass incarceration, said Udi Ofer, director of the ACLU’s Justice Division.   FILE : Presumptive Democratic presidential candidate and former Vice President Joe Biden speaks at the William Hicks Anderson Community Center on Feb. 28. July 2020 in Wilmington, Delaware. / PHOTO: MARK MAKELA/GETTY IMAGES Today, drug possession is still the number one crime in the United States, with more than 1.35 million arrests each year. Every 25 seconds someone is arrested for personal drug possession, and black people are disproportionately the victims of this excessive policing, Ofer said. In the coming weeks, the ACLU and DPA plan to launch a media campaign urging the President of the United States to take decisive action to reduce prison sentences for those currently serving time in federal prisons for drug use. Biden has said in the past that no one should go to jail for minor drug cases. His government said changing the status of cannabis would be a good first step toward releasing prisoners accused of using marijuana.Drug decriminalization refers to the idea of treating drug use instead of punishing it as a criminal offense. Most Americans agree that it’s a waste of money and resources to incarcerate thousands of people for non-violent drug use. In order to reduce prison populations, reduce the amount of money needed to run the current system, and to save tax dollars, many people support the idea of decriminalizing drug use.. Read more about drug decriminalization 2020 and let us know what you think.

Frequently Asked Questions

What percentage of Americans support the war on drugs?

A new Pew Research Center poll, conducted on behalf of the Drug Policy Alliance, finds that 72% of Americans are in favor of decriminalizing the possession of small quantities of marijuana. The results, the authors note, are the first time since the Pew Research Center first asked about the issue in 1969 that a majority of Americans have expressed approval for legalizing the drug. The War on Drugs™ was a major policy change in the early 1980s, when President Ronald Reagan declared America’s “War on Drugs”, and our government began spending billions of dollars to enforce drug prohibition laws. While this approach has helped to curtail the flow of illegal drugs into the country, it has also caused widespread harm to innocent people, including poor and minority communities.

Would the legalization of drugs benefit American society?

As far as I can tell, there are only three options for legalizing drugs in America: 1. Violent and highly addictive drugs should be legal for the average American. 2. Marijuana should be decriminalized and taxed. 3. Drugs should be outlawed completely. If you spend any time on the Internet, chances are you will have encountered at least one persuasive argument in favor of legalizing the use of recreational drugs. In fact, you may have even experienced that persuasive argument yourself, though to be honest, it’s hard to remember exactly what you may have been told.

Who decriminalized drugs?

For a while now, a handful of states have either decriminalized or legalized marijuana for medicinal or recreational use. The number of states that have done so continues to increase, and this past Tuesday, California joined the list. In the U.S., marijuana is a Schedule I drug in the Controlled Substances Act, one of the most restrictive drug categories. That means it is defined as having no medical use, a high potential for abuse, no safe dose, and a lack of accepted safety standards. Despite the substantial evidence that cannabis is not addictive and effective in treating a number of conditions, including chronic pain, multiple sclerosis (MS), terminal illness, post-traumatic stress disorder (PTSD), and others, it remains classified as a Schedule I drug.

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If you’re moving to Nevada, you may have heard about the new law that allows for the use of marijuana in the state for medical reasons. As of Feb. 1, 2016, Nevada will allow people with a qualifying medical condition to use recreational marijuana with a doctor’s prescription. This law is a big deal, because the federal government still considers marijuana illegal.

For medical marijuana patients in Nevada, the legal status of transporting cannabis seized from a patient’s personal car can be determined without an evidentiary hearing, in a document called a “Notice of Rights.” The Notice of Rights, issued by the Department of Motor Vehicles, states that the defendant is presumed to be transporting cannabis in the personal vehicle, therefore, the defendant is not entitled to a hearing before a judge.

In 2014, the Nevada legislature passed a bill to redefine cannabis impairment for safety drivers within the state. Supporters of the bill argued that a chemical test to determine impairment from THC-infused edibles and other marijuana products had been ineffective in determining whether drivers had too much of this psychoactive ingredient in their system.

Nevada dispensaries sold about $700 million worth of cannabis and derivatives in 2020. Before AB400 took effect last week, many of those who consumed these products also drove within 48 hours of consumption, likely exceeding allowable blood levels of tetracanabidiol (THC), the psychoactive component of cannabis. The legal standard for assessing a driver’s intoxication is consistent and accurate; it is unwavering legal wisdom used in every state in the United States. A higher BAC increases the degree of impairment – an almost linear relationship, but intoxication is not as predictable with marginal THC levels in the blood.

Problem

People react differently to cannabis use. Many studies show that occasional users can experience strong effects even with small amounts of THC. In contrast, a daily user of medicinal cannabis shows no impairment of psychomotor skills after use, but is likely to be convicted of driving under the influence of alcohol if a blood test is taken while driving. As of August 2020, Nevada had 13,269 medical cannabis users. Assemblymember Steve Yeager, the lead sponsor of AB400, introduced the legislation on March 29 of this year in the Assembly Judiciary Committee. In practice, this means you have little to no defense to charges of DUI if your blood test results show above those numbers, the only real defense is that you weren’t driving or that the blood drawn wasn’t really yours, Yeager said. You cannot argue that you did not have impaired driving due to a developed tolerance or history of heavy use, including for medical purposes. It’s simple: If you are above these levels, you are guilty of DUI. In Nevada, a driver can be charged with DUI for taking prescription drugs, but there is no limit to the level of these substances in the blood per se at which a person is considered drunk. To prove guilt, the plaintiff must prove damages without using the per se threshold. Now that AB400 is law, prosecutors should do the same for cannabis intoxication prosecutions. Law enforcement officers across the state are already trained to recognize signs of impairment from drugs, illegal or otherwise, Yeager said. They do this by interacting with drivers and testing them on their driving skills in the field. And of course there had to be something on the route itself that led to the traffic stop. Nothing in this bill (AB400) before you will change those things. In 2017, the Nevada legislature passed AB135, which legally recognizes that the presence of THC metabolites in the blood only indicates that someone has recently consumed cannabis, not that they are actually infected. THC metabolites can remain in the blood for up to 48 hours after consumption, depending on the amount of fat in the body. The bill also provided that only a blood test for THC or THC metabolites could be used in court, but after the passage of AB135, Nevada remained one of the few states that maintained the per se restriction on THC. Paul Armentano is the deputy director of the National Organization for the Reform of Marijuana Laws (NORML) and helped Rep. Yeager to introduce the bill.  Armentano is a renowned expert in the field of cannabis poisoning. He cites numerous studies and reports from a wide range of organizations, from the American Automobile Association (no friend of cannabis legalization) to the National Highway Traffic Safety Administration, that repeatedly and unequivocally show that there is no link between THC or THC metabolites in the blood and intoxication. It’s not that we need more research or that we haven’t done it, Armentano said. If you look at this original NHTSA (National Highway Traffic Safety Administration) report, it’s from 1993. These questions have been asked and answered for over four decades.

Workmen’s compensation

However, AB400 maintains the per se limitation on GBT for workers’ compensation benefits. Under the provisions of AB400, a workers’ compensation claim cannot be granted if the injured worker has 2 nanograms of THC per milliliter or more in his blood. The list of controlled or prohibited substances for workers’ compensation purposes mirrors the federal list of controlled substances, which includes drugs such as heroin, lysergic acid diethylamide (LSD), cocaine, and others. But if the MORE Act, recently reintroduced in Congress, becomes law, cannabis will be removed from the list of controlled substances, which could ultimately impact cannabis’ prohibition status in Nevada’s workers’ compensation laws. Law enforcement did not oppose the bill and only Republicans voted against it. AB400 was passed by the Assembly by a vote of 26 to 16. The legislation received little bipartisan support in the Senate, where it passed by a 15-6 vote. Nevada Governor Steve Sisolak signed the law into law on February 2. June 2021 signed.According to the new Nevada guidelines, driving under the influence of marijuana will be treated the same way as if you were drunk, with a maximum 0.08 blood alcohol content (BAC) level. In other words, it is no different than driving while intoxicated on alcohol, which can be punished with up to six months in jail and a $1,000 fine.. Read more about las vegas shooting december 2020 and let us know what you think.

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Since 2014, the world’s first legal hemp production experiment has been implemented in Pakistan. After the war against terrorism, the government of Pakistan was faced with at least two challenges: how to tackle the problem of poppy production, and how to create jobs for its distressed unemployed and poor population. In order to strengthen its economy, the government opted for the legal cultivation of hemp plants as a food crop.

Pakistan is one of the world’s largest producers of hemp, and, although illegal, its production is still widespread in the country. Many Pakistani farmers produce hemp for traditional medicine, while others produce it for the domestic market. Despite its importance in the agricultural sector, the government has limited its production in order to protect the investment of Indian, American, and European investors who control 70 percent of the world’s supply.

Cotton is the most widely cultivated plant in the world, however, it is subsidized by the government. From the point of view of individual farmers, cotton is a great cash crop, but it is a huge environmental disaster. In Pakistan, most of the cotton is harvested by hand, which means that the vast majority of the country’s human and environmental resources are wasted in the process of harvesting cotton.. Read more about is hemp and cbd the same and let us know what you think. In September 2020, the federal government approved and issued a permit to the Ministry of Science and Technology for the cultivation of industrial hemp for medical, scientific and industrial purposes. Rules 2(ix), 8, 9 and 10 of the Narcotic Substances Control Rules, 2001 apply to this licence. In this regard, the Ministry of Science and Technology (MOST) has announced an expression of interest (EOI) in the form of a joint venture (JV) for the production of hemp for medical, scientific and industrial purposes. In this regard, the President of the Islamic Republic of Pakistan, in exercise of his powers under Article 89 of the Constitution of the Islamic Republic of Pakistan, 1973, has issued the Special Technology Zones Authority Ordinance, 2020, No. XIII or 2020 enacted. I have also developed a detailed policy for the PCSIR to play an important role in the regulation and licensing of medical cannabis in Pakistan. Pakistani government officials, most notably Chaudhry Fawad Hussain, have promoted the legalization of cannabis and its production to reduce the budget deficit and fight Pakistan’s economy along with drugs. With a world market for industrial hemp worth about $25 billion, Pakistan aims to make a billion dollars profit in the next three years by entering the global hemp market, said Pakistan’s Science and Technology Minister Fawad Chaudhry. Hemp exports could focus on CBD oil and cannabis products, and could be a sustainable substitute for cotton in the event of a downturn in the cotton industry. significant economic potential In Pakistan, cannabis is prohibited for recreational use, although cannabis extracts can be used for industrial and medicinal purposes as of September 2020. Cannabis is commonly consumed in Pakistan in the form of charas and bhang. Before the influence of the British and American governments, hemp was widely used in Central Asia for medicinal purposes, as a staple food, as a textile and for its psychotropic effects. It was revered as one of the five sacred plants, as mentioned in the Atharvaveda, and was believed to contain a guardian angel. According to a 1983 report by Pakistan’s Narcotics Control Bureau, drug use was largely stable in the 1950s and 1970s, with opium and cannabis being widely used, but there was a sharp increase in cannabis use among middle-class youth in the late 1960s and early 1970s due to the influence of Western pop culture. By the 1980s, however, this custom had fallen out of fashion among the middle class. On Tuesday, September 1, 2020, the federal government of Pakistan decided to legalize the production of cannabis. This decision was made after realizing that there was a natural abundance of cannabis in the country. Moreover, Pakistan can earn more than $1 billion from its products. This can boost Pakistan’s economy. Cannabis is widely used in Pakistan, smoked in the form of charas (hashish) or consumed as a beverage like bhang. According to a 2013 report, 6.4 million people use cannabis in Pakistan. Once cannabidiol is legalized, the country hopes to export non-psychoactive cannabis and other derivatives to the international market. Now that cannabis is legal and under government control, it will be used to make products such as CBD oil, cannabis seeds, medical supplies and industrial products. According to experts, cannabis production in Pakistan is seen as a turning point for broader medical research and legalization worldwide. According to Helga Ahmed, a German environmentalist who has lived in Pakistan for 60 years, hemp is highly resistant to bad weather. No pesticides are required for its production, making it environmentally friendly and safe. It can be grown in abundance, even on a small area, and requires less water than cotton. Ahmed has actively advocated for the legalization of cannabis production in the country, noting that cannabis use goes beyond consumer products such as textiles and CBD oil. According to her, more environmentally friendly methods of producing cannabis can be used to combat climate change and promote sustainable social housing.

Monopoly on cannabis production ?

Despite the potential socio-economic benefits, Pakistan is struggling to increase cannabis production. Environmentalists who have advocated for the legalization of cannabis are concerned about the vertical integration model that the government might adopt. Hemp is naturally a carbon negative crop, but if the government focuses solely on vertical integration, it will become carbon positive, Mo Khan of Green Gate Global in the UK told DW. Technology must be introduced and the knowledge base of indigenous farmers who have been growing cannabis for 2,000 years must be tapped, he said. Khan, who works with grassroots farmers, said allocating at least 25 percent of cannabis production to small farmers is the only way to ensure sustainable production. He also noted that there would be significant logistical challenges even if the climate and landscape were suitable for cannabis cultivation, citing the lack of adequate infrastructure and onerous licensing and certification requirements in the country. Junaid Zaman, CEO of Shamanic Biohacker, successfully launched a CBD e-commerce business in 2020. The farm has no local supply chain, and the CBD extract used is sourced from reputable biotechnology laboratory partners that meet U.S. Food and Drug Administration regulations. However, the carrier oil used in the final product is extracted and produced locally. Zaman plans to move this supply chain to the domestic market once the domestic crop arrives in Pakistan in March next year. But these startups fear that the big contracts will go to the existing big players. As far as I know, the permits approved for the cultivation of industrial hemp in the three districts have been granted to existing and established players in the tobacco industry, Zaman told DW. The multinationals involved will apparently grow the plant instead of tobacco in areas licensed this year. However, observers remain optimistic that Pakistan has the potential to become a leader in this sector, provided the government does not repeat the mistakes of other countries and actively engages local and foreign experts to ensure sustainability.

Strict judicial supervision

The term cannabis is subject to legal review. Under the Control of Narcotic Substances Act 1997, it is illegal in Pakistan to manufacture, produce, extract, prepare, possess, offer for sale, sell, purchase or distribute cannabis. However, cultivation for medicinal, scientific or industrial purposes is permitted upon approval by the provincial or federal government. Violation of the above regulations is punishable by imprisonment for up to seven years, a fine, or both. In Pakistan, enforcement of laws against hard drugs is a priority, while personal use of cannabis is often neglected. This is particularly the case in several tribal areas of Pakistan, where cannabis is sometimes sold in public markets. In 2020, a petition was filed in the Sindh High Court to legalise the possession and consumption of 10 grams of cannabis. However, the court expressed its displeasure, reprimanded the petitioner and dismissed the petition (Sindh High Court order dated November 6, 2020). In 2020, a unified panel of the Federal Circuit Court was pleased to acquit a defendant charged with possession of 27 bags of cannabis because the prosecution could not prove its case (YLR 2020 Federal Circuit Court Note 4). In 2015, the Lahore High Court was hearing a cannabis case and the High Court decided to release the accused on bail after his arrest on the ground that the accused’s case fell under Section 4 of the Prohibition (Compulsory Consumption of Cannabis) Ordinance, 1979 (Lahore High Court order, 20 August 2015). In 2008, a Lahore High Court in a cannabis case decided to release the accused on bail after his arrest on the ground that Shang was not a cannabis user within the meaning of section 2(d)(ii) of the Drug Control Act 1997 and subjected the accused to further investigation under section 497(2) of the Code of Criminal Procedure 1898 (PCrLJ 2008 Lahore High Court 750). In 2007, a Lahore High Court happily decided to release on bail an accused woman who had not been charged in a cannabis case, as the case fell under Section 4 of the Prohibition (Use of Hadd) Ordinance 1979, which carries a maximum sentence of two years imprisonment (YLR 2007 Lahore High Court 3021). In 2007, a single bench of the Karachi High Court acquitted the accused of possession of cannabis with satisfaction (MLD 2007 Karachi High Court 97). In 2000, a Karachi High Court chamber hearing the cannabis case decided to release the accused on bail on the grounds that he was no longer needed for the investigation and that his trial had not yet begun. Although the substance seized from the accused is covered by the Prohibition (Hadd Execution) Order, 1979, it is not mentioned in the Narcotic Substances Control Act, 1997. While legalizing cannabis production should bring economic benefits to the country, it may also have legal implications!

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One of the most exciting things about the state of cannabis policy is the fact that all these federal regulations are being overturned at the state level, or at least challenged right down to the local level. While these are all challenging battles, one that has been won is the push to allow marijuana in legalized states to be sold on Amazon via the Prime Now program. With the growing popularity of cannabis, Amazon has been working hard to make sure Prime members in legalized states have access to it—and now they can!

Amazon says it will begin providing support for Federal legalization of cannabis on its Prime Now app and website. After the government’s decision to legalize cannabis, Amazon and Prime Now will sell state-licensed products to customers.

Marijuana lovers know how wonderful it is to relieve stress during the day. If, like many people, you work in a stressful environment, cannabis can be your salvation. I was a waitress for years. It was a very stressful, fast-paced and certainly exhausting job. If you’ve never worked in the hospitality industry, you may be surprised at the kind of people waiters and waitresses have to deal with. It’s not uncommon for waiters and waitresses to drink like fish when it comes to binge drinking to relieve the stress of the day. Binge drinking will always be popular. However, binge drinking, where you drink until you pass out and vomit, is becoming less and less popular. Many people prefer a responsible combination of alcohol and cannabis use. A drink or two, then some weed, is what most users use to get into the right state of mind. Some people in California choose to stay sober and use cannabis normally. People are more likely to use cannabis to relieve stress than alcohol if employers do not test them for cannabis in mandatory checks. I know many heavy equipment drivers who drink heavily and take painkillers prescribed by their doctors. However, they will not touch cannabis because of the random drug testing. Because marijuana is socially accepted as an illegal drug, people choose to drink and take prescription drugs to combat stress, putting their health at risk. This kind of thinking bothers me. Fortunately, this situation seems to be over now. A growing number of states are beginning to legalize cannabis for medical and recreational use, despite the fact that the US federal government currently classifies cannabis as a Class 1 drug.

Amazon announces support for federal cannabis legalization

Amazon recently announced big news showing that the tech, supply and media giant is a big supporter of cannabis.  Amazon recently announced that it supports the legalization of cannabis at the federal level. In addition to the endorsements, Amazon has announced that it will review its policy on cannabis use in the workplace. The CEO of Amazon’s global consumer division, Dave Clark, was quoted in the media: The change in state law regarding marijuana means that Amazon will no longer include the substance in the pre-employment drug tests the company conducts, and it will now be treated the same way as alcohol. Let’s hope Amazon has enough influence to open the closed eyes and deaf ears of the US federal government. Cannabis is currently classified by the United States federal government as a Schedule 1 substance, reserved for substances deemed to have no medical value and a very high potential for abuse.

It’s not about getting high – it’s about balancing the ECS

Marijuana use is not always about getting high. In many cases, people can use cannabis without seeing or feeling its effects. For example, a person may ingest a cannabis capsule, smoke a joint, or vaporize before going to bed. The effects of cannabis are not felt because they are asleep at the time. When they wake up, the feeling of being high is not there. They go about their daily lives doing everything as usual, but when they are injured, cannabis is found in their system. With today’s stupid drug tests, people can use cocaine on the weekend and be clean the following week. On the other hand, if you smoke a joint, the THC can stay in your system for two weeks or more. Amazon’s announcement to support the MORE (Marijuana Opportunity Reinvestment and Expungement) Act is a great sign of change and a strong show of support for the cannabis community, which has fought to end the draconian prohibition of cannabis since its inception. Dave Clark, spokesman for Amazon, said the company will continue to conduct drug and alcohol testing in the workplace after each incident. He also expressed hope that other companies will follow the path that Amazon has taken: We hope that other employers will join us and that the politicians will act quickly to pass this bill. Ashley Priest is a patient, mother, entrepreneur and activist fighting for the abolition of drug prohibition around the world, for a better future for all. Ashley is passionate about sharing knowledge about the divine plant that is cannabis. She believes that one seed can make all the difference and that together, through education, we can end the stigma that prevents cannabis from reaching its full potential worldwide.

This is a list of two new cannabis stocks that are poised to rocket higher once the smoke clears from the new US administration. Both of these companies are in the early stages of development, and both have the potential to be a big winner in the cannabis space. Both are still relatively unknown, however.

With the growing support for marijuana legalization, investors have found themselves in the green-light if they are looking to capitalize on a burgeoning industry. In fact, the cannabis industry has more potential to gain than any other industry right now. In the future, marijuana revenues could rival those from tobacco, alcohol, and even the entire Healthcare industry, if the trends continue.

It’s one of Wall Street’s best-kept secrets – a sought-after market anomaly that helps investors track the movement after a company reports unexpected profits. And it seems like a good time to apply that strategy to the cannabis sector, after two of the most interesting stocks in that sector beat expectations for the fourth quarter. I’m talking about post-announcement earnings drift (PEAD) – the tendency of stocks that beat earnings expectations to produce higher returns in the weeks and months that follow. Here are some details from Wikipedia. Once a company’s current earnings are known, the content of the information should be quickly assimilated by investors and incorporated into the effective market price. However, it has long been known that this is not exactly how it works. For companies that announce good news in their quarterly results, their abnormal stock returns tend to rise for at least 60 days after the results are announced. Similarly, abnormal returns on stocks of companies that announce bad earnings news tend to drift downward over a similar period. This phenomenon is called post-advertising drift. Chart from Wikipedia

2 cannabis stocks exceed earnings estimates by 144%

Trulieve Cannabis Corp (CSE:TRUL, OTC:TCNNF) is one of the largest cannabis stocks in the United States, with a market value of $5.5 billion. Florida-based Trulieve is betting on Florida’s rapidly growing medical cannabis industry. Trulieve has 78 dispensaries in Florida and 1.9 million square feet of growing capacity. Trulieve is taking advantage of Florida’s rapidly growing medical cannabis market. Trulieve has just reported impressive fourth quarter results that have exceeded expectations. Earnings of $0.33 per share beat analysts’ consensus estimates of $0.24 by 40%. According to PEAD, Trulieve shares are expected to rise in the coming weeks and months as investors appreciate the good news. Meanwhile, Trulieve’s shares were on fire. Trulieve has grown 650% in the last year, along with the wider cannabis sector. 2-year plan Trulieve Cannabis Corp (CSE:TRUL,OTC:TCNNF) Green Thumb Industries (CSE: GTII, OTC: GTBIF) is also one of the largest cannabis companies in the U.S., with a market value of $6.5 billion. Green Thumb, which is headquartered in Chicago, Illinois, plays an important role in the American cannabis industry. Green Thumb operates in 12 states and is licensed for 97 retail locations and 13 manufacturing facilities. Green Thumb just released its fourth quarter results, which also exceeded expectations. Earnings of $0.11 per share beat analysts’ consensus estimate of $0.05 by 103%. According to PEAD, Green Thumb’s stock is expected to rise in the coming weeks and months as the good news is reflected in its share price. Green Thumb’s shares are also on the rise, up over 500% in the last 12 months. Going forward, PEAD stock should benefit from investors conveying good news to the stock price. Green Thumb Industries 2-year plan (CSE: GTII, OTC: GTBIF)

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Earnings drift after announcement is the tendency of stocks to beat earnings expectations in the weeks and months that follow. Trulieve and Green Thumb are two early leaders in the cannabis industry that have just exceeded profit expectations. According to PEAD, both stocks are expected to move higher in the coming weeks and months as investors appreciate the good news on stock prices. Discover what else we have in our model portfolio and receive our trade alerts! Best,Michael Water Editor, Cannabis Effects Trading

Author Michael Vodicka owns shares in Green Thumb Industries (GTBIF).

About the author and cannabis stock trading

Michael Wodicka is an equity analyst with over 20 years of trading and investment experience. His research has received attention in some of the industry’s most respected publications. He has been investing and managing investors in the cannabis sector since 2013. Mr. Vodicka offers his experience and advice to Cannabis Stock Trades members. Sign up for Cannabis Stock Trades and receive exclusive analysis from Mr. Water, trade alerts and a sample portfolio.

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The Cannabis industry has a lot of investment opportunities, but which ones are the best? Investors can find out the answer to that question by reading our Top 3 Stocks to Play the Illinois Cannabis Market.

Since Illinois legalized medical cannabis, stock traders have been on the lookout for early movers in the Illinois cannabis market. There are three such stocks that are gaining support from investors, and may be worth paying attention to: GW Pharmaceuticals (NASDAQ: GWPH), Green Thumb Industries (CSE: GTII), and Cresco Labs (CSE: CSL).

The burgeoning cannabis industry in Illinois continues to exceed even the most optimistic predictions. The latest sales figures for the month of March have again exceeded expectations and reached a new historic high. Here are some details of the marijuana moment. In March, monthly marijuana sales in Illinois reached the $100 million mark for the first time, breaking the previous record. Adults spent $109,149,355 on recreational cannabis products in March, according to the state Department of Financial and Occupational Regulation. This is nearly $30 million more than the previous month and $20 million more than the last record, set in January. If this trend continues, adult-use marijuana sales in Illinois could exceed $1 billion by 2021. This will result in a significant increase in tax revenue for the State. Last year, Illinois sold about $670 million worth of cannabis and collected $205.4 million in tax revenue. In the long term, the growth rate is expected to accelerate. Illinois is in the process of issuing 75 new cannabis licenses. This influx will allow us to bring more products to market in underserved areas over the next six months. Here are some details from the Chicago Tribune. Illinois lawmakers plan to introduce 75 new licenses for cannabis shops to give low-income and minority people another chance to enter the multi-billion-dollar industry after being shut out by the current system. The proposed legislation would double the number of new retail licenses established last year but not yet issued to recreational businesses, and would attempt to eliminate problems associated with reviewing license applications. These problems have led to a number of court cases challenging the findings and delaying the issuance of the permits, which should have taken place last July. These results show that Illinois has become one of the largest and fastest growing cannabis markets in the United States – an opportunity that cannabis investors should keep a close eye on.

3 stocks that will benefit from growth in Illinois

#1 – Cresco Labs (CSE: CL, OTC: CRLBF) Cresco is headquartered in Chicago, Illinois, and has a market value of $2.7 billion. It is one of the key players in the rapidly growing US cannabis industry. Cresco has 10 dispensaries in Illinois and is the largest cannabis wholesaler in the state. Cresco stocks have risen sharply over the past year and are currently consolidating just below their all-time high. #2 – Green Thumb Industries (CSE: GTII, OTC: GTBIF) Green Thumb is also headquartered in Chicago, Illinois, and has a market value of $6 billion. Green Thumb is also an early leader in Illinois, where it operates seven dispensaries and leases one of the largest grow facilities in the state. Green Thumb shares have also risen sharply in the past year, but are now down about 25% from their 52-week high. #3 – Verano Holdings (CSE: VRNO, OTC: VRNOF) Verano has a market capitalization of $2.3 billion and is also headquartered in Chicago, Illinois. Verano currently owns and operates seven dispensaries in the Chicago area and plans to expand the number of locations this year and in the coming years. Verano just went public and its shares have been listed on the Canadian Stock Exchange since early February. The stock has had a slow start, but in the long run, this company and stock are well positioned to benefit from the cannabis industry in the United States and the state of Illinois.

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The legal cannabis market in Illinois is booming. March sales just set a new monthly record and nationwide sales will exceed $1 billion by 2021. Investors looking to take advantage of this strong trend should look to Cresco, Green Thumb and Verano. All of these companies are early market leaders, based in Chicago, Illinois. Discover what else we have in our model portfolio and receive our trade alerts! Best,Michael Water Editor, Cannabis Effects Trading

author Michael Vodicka owns shares in Cresco Labs (CRLBF), Green Thumb Industries (GTBIF) and Verano Holdings (VRNO).

About the author and cannabis stock trading

Michael Wodicka is an equity analyst with over 20 years of trading and investment experience. His research has received attention in some of the industry’s most respected publications. He has been investing and managing investors in the cannabis sector since 2013. Mr. Vodicka offers his experience and advice to Cannabis Stock Trades members. Sign up for Cannabis Stock Trades and receive exclusive analysis from Mr. Water, trade alerts and a sample portfolio.

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HEXO Corp. (TSXV:HEXO)(OTC:HYYDF) is a Canadian based company that is focused on the production, sale, and distribution of marijuana. They have built a large market presence by becoming the leading producer of cannabis oil in Canada. HEXO has gone on to produce an impressive 47,500kg of cannabis oil in their facility located in Mountain View, BC. HEXO stock also has a market cap of $760 million, and this company has seen a rapid growth in the last year, and it is now trading at an historic high of $11.50 per share. HEXO is a penny stock, and that has made it quite attractive for traders to buy shares in

It was only a matter of time before cannabis would be legalized in the United States, and it looks like that time is now. There are several companies that are cashing in on the growing demand for marijuana, and one of them is HEXO. This company is known for its rapid expansion in the cannabis industry, and its recent introduction of cannabis-infused beverages aims to do the same for its stock.  Although marijuana is still illegal at the federal level, it is legal in Canada and 30 states in the United States, and it is expected to be legalized at the federal level in the US in the near future.  If you want to capitalize on this growth in the cannabis market, you might want to consider investing

HEXO shares lead marijuana shares in 2021

There has been no shortage of high-profile stories about the value of marijuana this year. Mergers, political maneuvering, attempts at legalization – cannabis values have not been dull this year. But marijuana stock investors should never lose sight of the stocks that have the greatest upside potential. In my opinion, HEXO Corp (NYSE:HEXO) is the stock that investors should be paying attention to right now. HEXO stock has risen over 250% in the last 12 months. This will come as no surprise to my loyal readers. I’ve been bullish on HEXO stocks for years. I have long seen this company as a potential leader in the future of the marijuana industry, thanks to its partnership with alcohol producer Molson Coors Beverage Co (NYSE:TAP). The two companies struck a deal at a time when cannabis-infused drinks were seen as one of the most exciting prospects in the marijuana market. In addition, HEXO Corp has a strong position in Quebec, Canada’s second most populous province. The dynamics of weed actions did not diminish in 2021. The company’s share price nearly doubled in the first five months of 2021. Graph courtesy of StockCharts.com So what caused the huge rise in HEXO shares? First, the company has delivered solid financial performance. I am very proud of the entire HEXO team for the role they played in achieving positive adjusted EBITDA this quarter, as well as the seventh consecutive quarter of adjusted EBITDA improvement, said Sebastien Saint-Louis, CEO and co-founder. (Source: HEXO Corp. reports positive adjusted EBITDA and 94% year-over-year increase in net income, GlobeNewswire, March 18, 2021). He added, Our continued focus on consumer satisfaction has allowed us to increase our market share across Canada and maintain our number one position in Quebec. We are also very excited to launch HEXO [cannabidiol] powered drinks in Colorado. Our net income and gross margin continued to improve year-over-year, helped by our premium product mix following the relaunch of UP Cannabis. (Source: Ibid). HEXO Corp.’s total net income was C$32.8 million, up 94% from the same period last year and 12% from the previous quarter. Recreational marijuana sales, excluding beverages, also rose sharply, up 72% year-on-year and 10.5% year-on-year from the previous quarter. HEXO also has C$2.9 million in operating cash flow, which bodes well for a growing cannabis company. All these figures demonstrate HEXO Corp.’s strong position in the Quebec market (the company is currently number one, with few real competitors contesting this position) and its increasing activities in the rest of Canada, which represents 49% of the company’s total sales. So the numbers are good, but that’s not the only reason why HEXO stock is doing so well. In the early days of the COVID 19 pandemic, many investors turned to safe assets. They feared an imminent collapse of the market as the global economy slowed here and there and stagnated in others. But that crash never happened. It’s the opposite. Stocks in all sectors (especially technology stocks) have shown extraordinary growth even as the world has experienced a unique pandemic that has drastically changed the way we live and sent unemployment skyrocketing. However, one segment of the equity market suffered, namely emerging markets. After all, why would an investor participate in typically volatile markets during a period of extreme negativity? At least, that’s what they thought. This view, of course, turned out to be incorrect. I’ve often noted that in times of economic turmoil and uncertainty, sales of harmful products (marijuana being one of them) tend to rise. As the saying goes, a drink or a cigarette can help you relax, and in living memory there has never been a more poignant moment than a global pandemic and forced government shutdowns around the world. Investors eventually calmed down when the market didn’t collapse and we got used to the new normal, as they call it, when marijuana sales really started to rise in Canada and legalization spread to some of the larger US states like New York. As a result, the shares of many cannabis companies have risen dramatically. HEXO stock was in a particularly strong position because it is a penny stock for marijuana. Since penny stocks are considered among the most vulnerable stocks and emerging industries are known for their volatility, this leads to the perception that marijuana penny stocks are twice as volatile and therefore twice as dangerous in times of great economic uncertainty. Given that HEXO stock has already fallen since mid-2019 and has its penny stock status, it lost even more in February and March 2020, coinciding with the start of the pandemic. In general, the market has overvalued HEXO’s stock price, which has paved the way for its tremendous growth in recent months as investors became aware of HEXO’s potential. Is there still room for improvement in the HEXO share? In my opinion, absolutely. At one point, HEXO was close to $30 a share. It is now close to the $7.50 level, leaving plenty of room for upside.

Analyst

The market for marijuana stocks is heating up again, and we’re seeing many companies I’ve been positive about in the past come back into the picture. And that brings me back to HEXO Corp and its potential for huge gains in the coming months. While HEXO stock has certainly already shown explosive growth over the past year, which might lead some investors to think it’s too late, HEXO stock hasn’t even come close to its all-time high, a level I think it could reach in the next 12 months or so. This means that triple-digit growth for HEXO stock is very possible, making it very attractive to investors.

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