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Cannabis Companies Spend Record Amount on Lobbying

The cannabis industry is lobbying Washington officials more than ever. Marijuana companies have spent a record $3.77 million on lobbying in Washington so far this year. That’s almost 40% higher than last year and 133% higher than 2017.
So what’s going on here? Here’s the big picture. Cannabis is a brand-new, rapidly growing industry. And cannabis companies are trying to set themselves up to conquer the market. But because cannabis is still illegal at the federal level, those companies are grappling with conflicting state and federal laws, the lack of interstate commerce, little access to banking, and monumental amounts of red …read more […]

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Why These 3 Canadian Cannabis Giants Shouldn’t Struggle with Oversupply

There has been a lot of hand-wringing lately about the alleged oversupply of cannabis in Canada, fear in many ways that is unjustified at this time. Beyond the obvious, there are a number of reasons why oversupply isn’t going to be much of an issue for major producers like Aurora Cannabis (ACB), Canopy Growth (CGC) and Aphria (APHA). Among them are the increase in retail outlets in Canada, rapidly failing small competitors, wholesale options in the near term, conversion of dried flower to CBD, inevitable decline in black market sales, sales to research labs in the U.S., and an increase …read more […]

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Total Student Loan Debt in the United States Squashes American Dream

I remember the day my wife and I bought our first house.
We were giddy.
Drunk on young love and possibilities.
We held in our hands a check for more than $250,000 and took photos of ourselves posing with it.
At the time, it was the largest sum of money we’d ever physically held. And we were painfully about to hand it over to someone else.
But in those glory days before the devastating financial crisis, we were purchasing our piece of the American Dream.
For many young Americans today – regardless of their upbringing – the joys, headaches and trials of homeownership are out of …read more […]