Kamala Harris talks weed
Senator Kamala Harris wants to be the next president of the U.S., and she seems to realize that she must be pro-pot to have any chance of becoming the Democratic nominee. Harris was opposed to recreational cannabis in the past, but in a recent interview, she said she supports legalization. In fact, she admitted to smoking a joint in college. Harris added, “I think it gives a lot of people joy. We need more joy in the world.”
Marijuana banking bill
It’s widely known that cannabis businesses struggle to access basic financial services. A group of lawmakers wants to change that, so they introduced the Secure and Fair Enforcement (SAFE) Banking Act. The bill’s goal is to protect financial institutions and make banks more inclined to serve the marijuana industry. If passed, this would be a major win for cannabis businesses nationwide.
Deluxe cannabis accessories
There’s a market for high-end cannabis products, and plenty of retailers are happy to oblige. While many stores sell beauty products that contain CBD, Barney’s is going one step further. Its Beverly Hills store has plans to open a cannabis-themed shop with specialty items like grinder necklaces and gold rolling papers. Fun, fancy and unnecessary.
Lamar Odom’s vape pen line
Former NBA star Lamar Odom used marijuana and CBD to help him recover from the strokes and heart attacks brought on by his 2015 drug overdose. Because of this, Odom wanted to help others experience the benefits of cannabinoids. Thus, his line of CBD vape pens was born. Get more info about this endeavor here.
$1 billion in retail cannabis taxes
The marijuana industry has reached another milestone. In 2018, taxes collected from retail sales of cannabis exceeded $1 billion. This is a massive increase from 2017. Seems like California joining the other recreational marijuana states was a good idea.