Weekend News Update
There were some interesting stories that came out over the last few days. Let us give you a quick little update to start your week. Cannabis is not the only thing in the world that is important to people, but it should be more accepted by society. People are starting to understand that it is not the “devil’s lettuce” and it will not be a detriment to society that some would like to make you believe. To those who try to argue, all I can say… please pick up a book and educate yourself.
This administration should seriously start thinking about getting on the same page. I wouldn’t work for a company this disorganized, let alone the White House. I understand the Presidency can be influenced by popular trends, but seriously this course of foresight is bad for the future of the United States. No one can fix everything in one term. Here is an idea, find a few major issues and try to correct them. We already know Trump doesn’t like being told “No.”
Trump says he’ll probably back marijuana protections bill
By Dennis Romero
President Donald Trump’s expression of support Friday for legislation that would protect legal marijuana activities in states that have approved the drug is being hailed as a possible sea change in American narcotics policy.
Speaking to reporters on the South Lawn of the White House before boarding Marine One en route to the Group of 7 summit in Canada, Trump said he was inclined to support the bill, sponsored by Sens. Elizabeth Warren, D-Mass., and Cory Gardner, R-Colo.
“I support Senator Gardner. I know exactly what he’s doing,” Trump told reporters when asked about the legislation. “We’re looking at it. But I probably will end up supporting that, yes.”
is backing could be seen as yet another rebuke of Attorney General Jeff Sessions, who in January gave U.S. attorneys free rein to enforce federal laws against marijuana even in states where pot is legal. The bill would expressly overturn that policy. Read more.
“Frankly in Canada this industry is going to replace metals and mining. It’s an incredible industry. And on any given day the most active stocks on the Toronto Stock Exchange are cannabis stocks,” Murphy said.
YES… This is someone that understands what cannabis reform can bring to society and communities around the world. Can’t we all get along, be happy and make some money while doing it? This shouldn’t be a pipe dream. It is one way we can all get along. Newsflash… no one gets angry after a little grass.
U.S. Markets ‘Definitively’ Missing Out on Capital by Barring Cannabis Companies
By Kinsey Grant
Time for U.S. markets to show some love to cannabis companies, no?
“This is one of the great tragedies of the cannabis industry,” said Kris Krane, president and co-founder of cannabis-focused investment management firm 4Front Ventures. “We’re giving this industry to Canada.”
Medical cannabis has been legal in Canada since 1999, and lawmakers in the country are expected to finalize laws to legalize recreational cannabis at the federal level this summer. Because of its more lenient regulations, Canada has become home to many of the world’s largest cannabis companies.
By contrast, lawmakers in the U.S. have taken a state-by-state approach to legalizing cannabis. There are currently 30 states with some degree of legal cannabis, but due to the lack of federal-level regulation, those 30 must typically confine their business to remain within state lines.
What’s more, U.S.-based exchanges are forbid from listing shares of U.S.-based cannabis companies, as the firms that occupy the big boards on the New York Stock Exchange or the Nasdaq Composite are required to obey federal-level law. That means that even if a company only operates in states with legal cannabis, it can’t list on U.S. exchanges because of the lack of federal regulation. Read more.
Seems like a waste of money if you ask me. Do you think churches should be spending money this way? I would argue the money would have been better spent on programs that aid communities not corporations. Oh that’s right, helping people doesn’t keep people coming into the doors. Smh.
Mormon Church’s Billion Dollar Pharmaceutical Investment Allegedly Keeps Cannabis Illegal In Utah
By Zack Kotzer
Allegedly, it is religious and financial sentiments in Utah that are keeping cannabis illegal.
It should come as no surprise that Mormons oppose the use of cannabis, as the faith forbids followers from any recreational drug use. Mormons are also forbidden from drinking alcohol, with some members going as far as abstaining from caffeinated drinks such as coffee, tea, and soda. Due to its high Mormon population, cannabis remains illegal in Utah.
Utah has a Mormon-influenced political force. Utah was the first state in the US to make cannabis illegal back in 1915. While faith certainly plays a role in the state’s decision to keep marijuana illegal, newly leaked documents reveal that an additional factor may contribute to the Church of Latter-Day Saints’ firm stance against legalizing cannabis. The Mormon Church has a multi-billion dollar investment in pharmaceuticals.
The Church of Latter-Day Saints hasn’t disclosed its finances publically since the 1950s, and since the church doesn’t have a reputation for being candid, a group called MormonLeaks have taken it upon themselves to make the church’s operations transparent. It turns out, the church has investments in big pharma dating back to 2015. MormonLeaks reveals that the Church of Latter-Day Saints’ has billions of dollars invested in 13 LLC pharmaceutical companies.
“There are several pieces of evidence that tie these 13 LLC companies to the Church,” wrote MormonLeaks, “While none of them particularly stand out on their own, together they provide room for the reasonable conclusion that these organizations are related to the Church in some way.” Read more.