Marijuana News Today
The marijuana news today is bittersweet: CannTrust Holdings Inc (NYSE:CTST) is expanding into the U.S. via cannabidiol (CBD) but marijuana legalization is faltering in several states.
First, the bad news. Reports are coming in that the pot legalization bill in New York State is now dead. Or at least for now.
While there have been some conflicting reports on just how dead it is, by and large the consensus is that marijuana will not be legal in New York state by 2020.
This failure is especially surprising, considering the support that the legalization bill had from key political figures in the state, like longtime Governor Andrew Cuomo. That support was a departure from Cuomo’s previous position on pot, with his change of heart seemingly providing the momentum necessary to see a bill passed.
Neighboring New Jersey has also…