Business in Brief
The latest industry news – in 40 words or less
Phoebe Harkin |
- JPMorgan restricts trading of some US cannabis stocks. As of November, clients can no longer make new purchases or short positions in cannabisrelated businesses, clients with existing positions can liquidate them.
- US adult-use cannabis sales slip from 2020 pace after lackluster summer; total growth of top five states only 15.9 percent compared with the same period in 2019.
- Increases in arrest rate disparities in states without legalization or decriminalization highlight the need for targeted interventions to address racial injustice, according to investigation.
- As study reports CA$2.6 billion rise in alcohol and cannabis sales across Canada during pandemic, addiction research scientists call for more resources to deal with associated substance abuse increase.
- American Indian tribes turning to partnerships to secure marijuana business opportunities, breaking down long standing barriers to Indigenous entrepreneurship in cannabis and hemp industries.
- US Department of Veteran Affairs rejects cannabis research despite millions of veterans self-medicating for war-caused ailments; critics claim the move is latest in a long history of stonewalling plant-derived cannabis trials for therapeutic purposes.
- Germany set to decriminalize certain sale and consumption rules of cannabis in a significant drug policy change for the ruling coalition government, following the departure of Angela Merkel.
- Uber Eats Canada offers clickand- collect cannabis service, marking the brand’s tentative first steps into the regulated marijuana market.