It’s time for your Daily Hit of cannabis news for October 26, 2020.
On the Site
A recent report by analyst Bobby Burleson at Cannacord Genuity, an investment banking and financial services company, concluded that “the outlook for the legal US cannabis market is improving” both state and federal levels. Burleson cites polls that demonstrate strong support for ballot initiatives in states like Arizona and South Dakota, while governors of other states such as New York and Pennsylvania are making encouraging noises about rapid roll-outs for recreational programs. Burleson also references polling by aggregator FiveThirtyEight, which shows a 75% likelihood of a Democratic majority in the senate, boding well for cannabis legalization at the federal level. Recent statements by Vice Presidential candidate Kamala Harris about decriminalizing marijuana further improve the outlook.
It seems that cannabis has never attracted this much attention. After decades of being outlawed for no valid reason, many states have legalized it again. The positive campaign attracted many users and informed the public on the positive effects of marijuana.
What role can this plant play for athletes? Are marijuana and bodybuilding connected, and can you hope to achieve fitness goals faster with this herb? Here is an overview of the potential benefits and other things you should know about THC if you are an athlete.
In Other News
Harborside Inc. (OTCQX: HBORF) will propose an alternate slate of nominees for election as directors of Harborside at the Meeting. The desire for board renewal is focused on maximizing shareholder value and aligning the strategic vision for Harborside, including a review of the company’s management team. The Company, under the direction of the new board of directors, to be chaired by Matthew Hawkins, will establish a new committee chaired by Mr. Hawkins to immediately begin the process of identifying a new permanent Chief Executive Officer. The committee will conduct a comprehensive review of potential candidates and is seeking a sophisticated and experienced executive based in California. Peter Bilodeau will remain as interim Chief Executive Officer of the Company during this search process.
Dutch Love Cannabis announced the opening of two additional retail locations in the Greater Toronto Area. Operating in accordance with the province’s COVID-19 health guidelines, the company’s new Danforth Village location (2480 Gerrard St. E) and Theatre District location (130 John St.) are now open to the public for business. Dutch Love currently operates 10 retail cannabis stores in Ontario, including five in Toronto.
“We’ve enjoyed having front row seats to Canada’s ever-changing cannabis industry since it was federally legalized two years ago and feel optimistic about government regulations evolving to better support independent retailers like Dutch Love,” said Harrison Stoker, Vice President at Donnelly Group. “This week’s two new store openings give Ontario customers better access to Dutch Love and the cannabis retail experience we’ve curated since entering the market in 2019. This, paired with the Ontario Cannabis Store’s recent move to open a second distribution centre, unlocks our ability to deliver the products our communities want most. We’ve all come a long way in two years and are enthusiastic about what’s to come for Canada’s cannabis industry and community.”