Cannabis is illegal in Kansas, and cannabis laws are pretty strict in the state. Currently, 33 states and Washington, D.C., have legalized medical marijuana. However, medical cannabis is still illegal in Kansas. In fact, even having a small amount is considered a crime.
Medical cannabis still illegal in Kansas
Medical cannabis is booming in many states, as cannabis has a lot of health benefits. Research shows medical marijuana can help treat chronic pain, post-traumatic stress disorder, and many other diseases. In fact, a survey has shown that CBD oil can treat epilepsy to some extent. Despite the benefits, some states are rigid on the legalization issue. Many states that have passed bills have faced issues from Republicans. Texas and a few other states have faced opposition from Republicans in their efforts to make weed legal.
Residents of Kansas unhappy with cannabis laws
It appears that Kansas’s residents are unhappy with the medical cannabis laws. Weed being illegal in the state is forcing residents to move out to get treatment. KCTV5 News reported last month that one family moved to Colorado to get treatment for their daughter.
What’s the progress on the medical cannabis program in Kansas?
Like Floridians, residents in Kansas are now stepping up to get medical cannabis legalized. Floridians have introduced marijuana campaigns to get signatures in favor of legalization.
According to a Kansas City article, voters have provided oral and written support for legalization. It appears Governor Laura Kelly is also a supporter. However, Republicans could provide opposition. We expect the matter to be a topic of debate for Kansas in the 2020 elections.
Neighboring states’ laws
Colorado, Oklahoma, and Missouri have legalized some form of cannabis. Kansas is still doubtful. The state has tried to present many medical marijuana bills that haven’t been approved due to a lack of information on the impact of marijuana on public safety.
President Donald Trump’s administration has left the states to decide for now. More states, including Florida, Wisconsin, Minnesota, Pennsylvania, Oklahoma, and Ohio, are stepping up to legalize some forms of weed. However, full-scale legalization is still a question in the US.
The marijuana industry in November
The cannabis sector has had a rough year. Last month was hard. Nonetheless, major players such as Canopy Growth, Cronos, and Aurora Cannabis will report earnings this month. Analysts and investors have high expectations of these companies.
Aurora Cannabis stock fell in 2019 due to missing revenue expectations. For the first quarter fiscal 2020, Aurora could report revenue of 98.0 million Canadian dollars, an increase of 230% YoY (year-over-year). Similarly, Canopy Growth’s revenue is also expected to grow by 384.3% YoY to 113 million Canadian dollars in the second quarter in fiscal 2020. Cronos could report revenue of 13.9 million Canadian dollars, an increase of 275.6% YoY, in its third-quarter fiscal 2019 earnings. A few other smaller weed companies will also report earnings this month. So far in November, Aurora Cannabis stock has gained 6.1%, Canopy Growth has gained 7.5%, and Cronos has gained 3.7%.
Do you want to know more about which marijuana stocks to invest in? Take a look at Cannabis Investment: How to Buy ACB, CGC, and Others. For a look at analysts’ ratings and cannabis news, check out 420 Investor Daily.