Cannabis Countdown: Top 10 Marijuana And Psychedelics Industry News Stories Of The Week – Yahoo Finance
Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 Marijuana and Psychedelics industry news stories for the week of March 23rd – 29th, 2020.
Without further ado, let’s get started.
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The Drug Enforcement Administration (DEA) is finding itself in court over marijuana again after scientists filed a lawsuit against the agency, requesting “secret” documents that they allege DEA used to delay action on expanding cannabis research.
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The cannabis sector is on fire, and the majority of Pot Stocks are posting gains like we haven’t seen in a long time. Since reaching new lows during the stock market’s massive Coronavirus correction, most Cannabis Stocks have reversed sharply and are now soaring at a time no one could have predicted.
READ FULL CANNABIS PANIC BUYING ARTICLE
READ FULL CANNABIS PRODUCERS ARTICLE
READ FULL ALEAFIA ARTICLE
In Michigan, people are lighting up. According to a Twitter survey conducted by the health blog bodynutrition.org, Michigan residents are smoking marijuana more than any other state during the ongoing coronavirus pandemic. Analysts used trends software with direct access to geotagged twitter data to arrive at the conclusion.
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How would legal cannabis companies hold up in a severe downturn? Fairly well, said several industry experts. And alcohol sales might be a good barometer.
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While all agree that grocery stores and emergency services are required to keep the masses fed and cared for, a few unsuspecting sectors of the economy have been placed on lists of services vital to Canadians getting through the coronavirus pandemic, including cannabis.
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In state after state, governors and public health officials are deeming cannabis businesses “essential” operations that can stay open amid coronavirus-related forced closures and stay-at-home mandates. People might not be able to go bowling or see a movie in theaters, but they can still stock up on marijuana.
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