CBD monthly update - November 2018

We gathered the top CBD news from this month to keep you in the loop. Here's what we found.

November 13, 2018

2 Min Read
CBD monthly update - November 2018


Jeff Sessions out, investor confidence up

When President Trump ousted long-time, very vocal (“good people don’t smoke marijuana”) legalization opponent Attorney General Jeff Sessions on November 8, the industry celebrated—especially investors. Investor confidence spiked, with Canadian company Tilray’s stock soaring 30 percent by the closing bell. Canopy Growth shot up 8.1 percent and Aurora Cannabis rose 9 percent. Read more at Leafly ...

More good Sessions news

Texas Republican Pete Sessions, the chairman of the House Rules Committee, who waged his own personal war against medical marijuana, smacking down pro-legalization amendments like mosquitos, lost to his Democratic challenger, Colin Allred. Allred was supported by pro-cannabis super PAC, the Marijuana Leadership Campaign. Read more at Wired ...

US Hemp Authority Certification Program lauches

The industry launched the U.S. Hemp Authority, a self-regulatory program designed to give consumers and regulators confidence that products are safe and legal. Participants that meet the Authority’s standards and pass a third-party audit can use the Certified Seal of the U.S. Hemp Authority on products beginning January 1, 2019. Learn more.

Colorado reclassifies industrial hemp

Voters in Colorado narrowly passed a ballot measure to take industrial hemp out of the Colorado Constitution, which defines hemp as a cannabis plant containing no more than 0.3 percent THC. The Colorado Legislature will likely adopt the federal definition, which proponents hope may, in the future, include language that not only legalizes the plant nationwide, but also raises the THC maximum to 1 percent. Read more at Westword ...

The real midterm winner: Cannabis

Cannabis fared far better than even Democrats did on Election Day. Voters approved new markets in Michigan, Missouri and Utah that eventually could generate $2 billion in medical and recreational sales, according to Marijuana Business Daily. Plus, voters chose cannabis-friendly governors in California, Colorado, Illinois, Michigan, New Mexico and New York. Read more at Forbes ...


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