We’re back to talking cannabis in our latest Trade To Black podcast, and if you’ll excuse the pun, the latest news is pretty dope. The state of Minnesota just passed a bill to legalize cannabis, and shortly it’ll be headed to the governor’s desk to be signed into law. It goes into effect on August 1, 2023, and under it, up to two ounces of recreational marijuana will be able to be purchased and possessed by adults over the age of 21. The bill also allows for cultivation of up to eight plants at home, four of which can be mature.
Minnesota senators passed the cannabis legislation from Sen. Lindsey Port (D) and Rep. Zack Stephenson (D) in a 34-32 vote early on Saturday morning. The Minnesota governor says he’ll sign the bill sometime next week. One can ask, why is this still a schedule 1 drug? Especially when cannabis smokers don’t appear to be dying of lung cancer the way traditional smokers are.
Benjamin A. Smith and Anthony Varrell join Shadd in discussing the recent article about how cannabis seems to have an effect on the epidermal growth factor of cancer cells. Smoker data has been around since the 70s, but it doesn’t appear to be well understood or even well explored. Is cannabis anywhere near as dangerous as cigarettes? We have some opinions.
In other topics, Canopy Growth filed a revised proxy statement where they modified their Canopy USA structure to comply with Nasdaq requirements. Canopy USA will include Acreage and Wana brands, among other US assets. So, what exactly is the meaning of this change when we talk about being compliant?
Finally, Florida Governor Ron DeSantis was expected to announce his running into the Republican primary on Twitter Spaces. He will be joined with Twitter CEO Elon Musk, along with supporter and investor David Sacks. Do you think he will win? Here’s the latest.