California bill to erase cannabis convictions passes
When California voters decided to legalize recreational marijuana, they also got rid of various cannabis-related crimes. While this applied to previous marijuana convictions, no guidelines were put in place to help eligible offenders get their convictions erased or reduced. Because of this, California lawmakers just passed a bill that would expunge or reduce tens of thousands of marijuana-related criminal convictions. Now, the bill awaits Governor Jerry Brown’s signature. If passed, the California Department of Justice will identify eligible cases and send them to the relevant district attorney’s office. Get more details here.
NFL player slams league’s marijuana policy
David Irving, defensive end for the Dallas Cowboys, recently shared his views on the NFL’s marijuana policy via an Instagram post. Irving trashed the league’s no-cannabis rules and stated that he was medicated, presumably with marijuana, in every NFL game he had played in. No “lazy stoner” stereotypes here.
Elon Musk on his 420 tweet
Business magnate Elon Musk made headlines (what’s new?) when he tweeted about taking Tesla private at $420 per share. This price led many to believe Musk was referring to 4/20, the cannabis culture term. Musk insisted that this is not true and that he was not “on weed” while tweeting. Well then.
DEA calls for more cannabis
The Drug Enforcement Agency is aiming to increase the amount of marijuana grown for research purposes. Additionally, in an effort to fight the opioid epidemic, the agency is reducing the quota for the production of opioid medications in the U.S. Learn more about this plan here.
Legal marijuana projections
RBC Capital Markets, an investment bank, predicts that legal cannabis sales could reach $47 billion annually within a decade. So does this mean we should invest all of our money in marijuana stocks?