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The Cannabis Business Weekly Review: New Products Coming to Canada, Big Changes in Nevada, Texas Medical Cannabis, and more

Cannabis Business Weekly
Written by Alexandra Hicks

Although stocks were down last month, production is up as nearly 20 new recreational products are set to be legalized in Canada. 

Also, Nevada employers can no longer bar cannabis users from jobs, the South African government declassified CBD, and Texas is expanding its medical cannabis program. A truly exciting week as far as regulations go – continue reading for all the details. 

Cannabis Europa – A World Class Conference in the Heart of London

cannabis europa

It’s undeniable that cannabis use – whether medical or recreational – is becoming the new norm. Europe alone is seeing a steadily increasing number of medical cannabis patients and the EU market is expected to be the largest within the next few years.  This is why these educational and networking events like Cannabis Europa are becoming increasingly important. Click here to read the full story. 

Almost 20 New Recreational Products Coming to Canada

recreational canada

With only a few months left before Canada legalizes a host of new recreational products, Deloitte estimates that it could be worth around $2.7 billion very soon. And this would be in addition to the currently valued $6 billion domestic market for cannabis products. Dried flower, oil, plants, and seeds are already legal, and soon edibles and topicals also will be. Click here to read the full story.

Nevada Employers are Now Prohibited from Denying Jobs Based on Cannabis Use

cannabis nevada

Starting in 2020, employers in the state of Nevada will no longer be able to deny jobs to people who test positive for cannabis. This unprecedented move makes Nevada the first state to not only protect cannabis-users from unfair hiring practices, but also allows them to appeal a failed drug test if they feel something happened in error. Click here to read the full story.

South African Government Declassifies CBD From Dangerous to Medicinal

cbd south africa

South Africa has long had a complicated and tumultuous relationship with cannabis. In short, it’s been prohibited for decades. But now, the South African government surprised the world by reclassifying CBD from a dangerous drug to a medicinal drug. Although unexpected, this change was bound to happen a cannabidiol treatments take hold across the globe. Click here to read the full story.

Double-digit Losses For Cannabis Stocks

cannabis stocks

May was a rough month for Cannabis stocks as many big names plummeted as much as 80 percent. Although significant, it wasn’t quite as bad as the hit many Canadian stocks experienced late year. Even so, it’s left many potential investors with cold feet while analysts believe it was all a matter of strategy saying that savvy investors ‘had bought the run and sold the fact’. Click here to read the full story.

Texas Medical Cannabis Program Gains Senate Approval

texas cannabis

Texas has been a notorious opponent of cannabis legalization for many years, but even the Lone Star State can no longer deny the healing powers of the plant. Just a couple weeks ago, the Senate voted to expand the state’s Compassionate Use Program with allows people with certain health conditions to use cannabis oil with a prescription. Click here to read the full story.

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About the author

Alexandra Hicks

Managing editor at Cannadelics and U.S based journalist, helping spread the word about the many benefits of using cannabis and psychedelics.