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Connecticut House Speaker says Cannabis Legalization is “Inevitable”

Marijuana Legalization in CT

Marijuana Legalization in CT “Inevitable”

Matt Ritter, the incoming Connecticut House of Representatives speaker said on Tuesday that cannabis legalization is “inevitable.” Due to Connecticut surrounding jurisdictions enacting changes in their marijuana legalization policies. This is a good news for marijuana legalization in CT.

During a recent briefing, Matt Ritter (Democrat), House Speaker-designate, was asked about strategies to encourage economic recovery amid the coronavirus pandemic and specifically whether legalizing marijuana to create tax revenue would be a part of their strategy.

Ritter stated, “Look, I really don’t want to get into policy discussion. We’ve got a caucus we have to have, but marijuana has been a long time, I have said I think it is inevitable at some stage, particularly when your neighboring states do it.” Ritter also said, “we do not have earnings yet so it’s quite tough to say where we are going to be.”

While Ritter stopped short of committing to a deadline to pass legalization legislation, the opinions bode well for the prospects of marijuana legalization in CT reform in 2021.

Ritter confessed that surrounding states are implementing cannabis policy changes, which is adding pressure to Connecticut to pass similar legislation so revenue opportunities don’t go out of state. There has been ongoing talks about the need to organize legalization plans from a regional viewpoint. Those talks are being ramped up since New Jersey voters approved a marijuana legalization referendum this past week.

Connecticut Governor, Ned Lamont (Democrat), said last week that marijuana legalization in CT will improve public health amid the COVID-19 pandemic by preventing cannabis tourism to surrounding states. Lamont also stated that officials have “got to think regionally in regards to how we deal with the pandemic and I believe we need to think regionally in regards to cannabis legislation.”

Lamont and other policymakers in surrounding states also said last week that the passing of marijuana legalization in New Jersey underscores the need for their own states to progress marijuana legalization reform in a regionally coordinated fashion .

Connecticut’s state legislature increased the already Democrat majority in last week’s elections. This helps increase the changes of marijuana legalization in CT in 2021. Lamont stated the reform is “on the table” and that it should bring in needed tax revenue for Connecticut.

Be sure to check out: MORE Act set for House Vote in December

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Nug News – Weekly Cannabis News Update November 8, 2020

Cannabis News Update November 8, 2020

Weekly Cannabis News Update November 8, 2020

Cannabis News Update November 8

Minnesota Eyes Neighbor South Dakota’s New Cannabis Legalization

Most Minnesotans, especially those living in towns and cities that border South Dakota were surprised at the outcome of their neighbors vote to legalize both medical and recreational marijuana.  It seems there are red politics, blue politics and now green politics and for those living in Minnesota it is frustrating to see changes happening close by that they are not a part of.  In 2014 Minnesota voted to legalize medical marijuana however the restrictions were and have remained some of the toughest in the nation in terms of dispensary availability and conditions that the state considers to be qualifying for medical marijuana use for citizens of the state.

Each year since 2014 these restrictions have eased, little by little, with new dispensaries opening and more medical conditions qualifying for inclusion in the state’s medical marijuana program.  Next month the state will decide whether anxiety should be a qualifying condition.  With the passage of legalization in South Dakota, there may be increased pressure for Minnesota to pass more expansive legislation sooner rather than later.  In the meantime, law enforcement will not ease up on punishing those in possession of marijuana, especially concentrates, which it considers more dangerous than flower.  Read more here.

Cannabis News Update November 8

Aurora Cannabis and other Cannabis Stocks Seeing Records Gains 

With the green wave of cannabis legislation that was approved by voters, the stock market has finally given cannabis stocks some attention, and some support.  Starting with Aurora Cannabis, that saw a 100% gain since Election Day with over 56% of that gain coming before the closing bell on Friday.  All states that has cannabis legalization, either medical, recreational or in the case of South Dakota, both, on the ballot saw success.  This clearly took Wall Street by surprise but now that surprise has turned into financial support.  Other cannabis companies Tilray and Canopy Growth saw their stock surge on Friday as well by 23% and 11% respectively.

Traders will also be ready for more movement in the cannabis industry as Joe Biden was named the projected winner on Saturday and will be the 46th president of the United Sates.  President elect Biden has made it clear that he supports broad legislation that would decriminalize cannabis but has not made his position clear yet regarding his support for full legalization at the federal level.  Smart traders will be keeping an eye out for hints of how the newly elected president will address the issue come January. Check out additional information here.

Cannabis News Update November 8

Medical Experts Looking at CBD to Help Repair Lung Damage Caused by Covid

As we enter what will likely be a long winter and an increase in Covid cases, the medical community has continued to learn a lot about this mysterious virus.  As part of the treatment protocols, medical experts are looking at the benefits of CBD to help repair the damaged lungs of many Covid patients.  Scientists from the Dental College of Georgia and the Medical College of Georgia have determined how CBD can be useful in reducing the lung inflammation seen in so many Covid patients.

CBD helps to regulate apelin levels, which is a  natural peptide made by blood cells, brain, lung, heart and fat tissue in the body.  It regulates blood pressure and is essential to reducing inflammation.  The study looked at patients who were suffering from ARDS and saw this peptide plummet to zero and then with the use of CBD increase approximately 20 times.  Additionally, CBD was found to aid the normalization of oxygen levels, swelling, immune responses and lung scarring.  Similar studies have been conducted in Israel regarding the efficacy of CBD with very promising results.  Read more details here.

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Nug News – Weekly Cannabis News Update September 6, 2020

Cannabis News Update September 6

Weekly Cannabis News Update September 6, 2020

September Vote in the US House to Decriminalize Marijuana

With the US Congress still on a break until after Labor Day, the date has yet to be set for this historic vote in the House of Representative.  Once Congress returns the date will likely be set fairly quickly. What the House will be voting on is whether to decriminalize marijuana at the federal level.  Currently marijuana is fully legal in only 11 states but technically illegal on a federal level, posing endless challenges for those 11 states as well as the ones where medical marijuana has been legalized.  Assuming this vote passes and it has very strong support, and then makes it through the Senate, marijuana will be officially off the Schedule 1 drug classification, meaning it has a high probability of abuse and no medical benefits.  Science says otherwise and along with funding for additional research of the medical benefits of cannabis, certain individuals who have been incarcerated for non-violent drug use or possession may have their records expunged.  Good news all around and more details are available here.

The Cannabis Industry is Thriving Despite the Pandemic

With global, national and local businesses failing in record numbers as the global economy suffers under the weight of the global pandemic,  one industry has not just maintained a profitable status but has actually grown considerably.  The cannabis industry is making unprecedented strides in an otherwise flat market for new or even established businesses. The reasons why are multi-faceted. As the majority of the world’s population experiences some form of lockdown,   the cannabis industry has seen their opportunities and taken full advantage, particularly in the US.  The US legislative momentum towards legalizing marijuana in more and more states combined with the anxiety and stress, not to mention the exacerbation of ongoing health issues and reluctance to seek medical treatment has been the perfect storm, for the cannabis industry’s growth.  Throw in the lack of social opportunities that bars and restaurants have typically provided and with the saving in beer money, consumers are choosing cannabis as their primary way to ride out the lockdown.  For additional details click here.

Weekly Cannabis News Update September 6, 2020

Increased Security Needed as Dispensary Robberies on the Rise

As the number of dispensaries continues to increase in cities all across the United States, an unfortunate and costly side effect is the increase in break-ins and robberies of dispensaries.  This trend is alarming and in places like Portland Oregon, concerns locals and dispensaries alike.  No one wants their business to be robbed and if you are part of the neighborhood as a resident, this type of crime is worrisome.  Since May there have been at least 48 dispensary break-ins in the Portland area, with the most recent one occurring just 10 days ago.  As Portland police have made it clear that their priorities have shifted to responding to primarily life threatening situations, dispensary owners are left frustrated, angry and in some cases financially devastated as some dispensaries have been hit multiple times.  Increased security is an obvious partial solution but cannot solve the problem completely.  Click here for additional facts.

Weekly Cannabis News Update September 6, 2020

Not Your Father’s Weed:  Cannabis Use on the Rise with the Over 50 Crowd

The quality of marijuana has certainly improved since most Boomers took their first toke back in the 60’s or 70’s but the desire to be a part of the growing cannabis club is most apparent with men over 50, especially men in the over 60 age range.  The same trend has not been seen with women in the same are range which is definitely an interesting element to this trend.  Why men and not women?  As the most prolific cannabis users are between 18-25, these older male stoners are fathers, perhaps even grandfathers to the younger generation of 18-25 year olds.  Most marijuana users in the over 50 category are using cannabis, not for the first time but for different reasons than 40 years ago.  Most new older cannabis users are hoping to reap some of the medical benefits from cannabis use.  The combination of certain prescription medication along with cannabis poses new challenges and concerns for the medical community.  Younger marijuana consumers may need to bring the older generation up to speed and educate them about what’s new.  Click here for more information.

Be sure to check out: Weekly Cannabis News Update September 20, 2020.

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Cannabis Terpenes Battle COVID-19 – Researchers View Promising Outcomes

Cannabis Terpenes Battle Covid-19

Could cannabis terpenes battle COVID-19? A recently conducted study examining the use of cannabis terpene formulation – NT-VRL on inflammatory conditions resulted in some extremely promising results in battling cytokine storm syndrome resulting from COVID-19. Continue reading Cannabis Terpenes Battle COVID-19 – Researchers View Promising Outcomes