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Weston, West Virginia: WDTV. House Bill 4873 proposes the legalization of recreational marijuana for adults aged 21 and older in West Virginia. ^ "Gov. Josh Shapiro calls on lawmakers to legalize marijuana". Lancaster, Pennsylvania: WGAL. February 6, 2024. ^ "Governor Shapiro's 2024–25 budget address as prepared".
Despite these trends, the stock's valuation remains conservative, with an EV/EBITDA multiple of 7.0x based on Zuanic's estimates. Green Thumb Industries: Market Expansion And Financial Resilience
The news caused a few price spikes in the cannabis market. Most notably, the AdvisorShares Pure US Cannabis ETF (an exchange-traded fund that tracks a number of American growers), jumped 25% after ...
Sources. Cannabis industry. The cannabis industry is composed of legal cultivators and producers, consumers, independent industrial standards bodies, ancillary products and services, regulators and researchers concerning cannabis and its industrial derivative, hemp. The cannabis industry has been inhibited by regulatory restrictions for most of ...
Legal. Main article: Cannabis in Germany. On 23 February 2024, the German Bundestag passed the Act on the Controlled Use of Cannabis, legalizing possession of 25 g (7⁄8 oz) outside the home, 50 g (1+3⁄4 oz) at home, and private cultivation of three plants, for adults 18 and over, beginning on 1 April 2024.
A 2020 study by researchers at UCLA and Yale found that cannabis legalization had led to large amounts of new tax revenue and very little black market cannabis sales in states where the market was well-regulated, but large black markets and lack of tax revenue in states like California with poor regulation. [107]
The legal history of cannabis in the United States began with state-level prohibition in the early 20th century, with the first major federal limitations occurring in 1937. Starting with Oregon in 1973, individual states began to liberalize cannabis laws through decriminalization. In 1996, California became the first state to legalize medical ...
Cannabis in Virginia is legal for medical use and recreational use. The first medical marijuana dispensary opened in August 2020, [1] and adult recreational use became legalized in July 2021. [2][3] In April 2020, Virginia Governor Ralph Northam approved a bill to decriminalize simple marijuana possession, which took effect July 2020.