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New York’s Senate and Assembly included language in budget legislation that would decouple state tax policy from the federal 280E provision, thereby allowing marijuana companies to deduct business expenses in their state filings. Georgia House Regulated Industries Committee approved a bill to increase the number of medical cannabis business licenses. 2020 was an odd year, with the onset of a global pandemic, quickly-changing local regulations, and an eventual “essential” status for cannabis businesses. The company's stock also trades OTC in the U.S. under the ticker VRNOF. The deal gives Verano Holdings access to the New York, New Mexico, and Minnesota markets. Rhode Island Senate Judiciary Committee held a hearing on a jointly negotiated bicameral marijuana legalization bill, though advocates who testified criticized its expungements provisions for not being automatic. ACLU of Missouri endorsed a proposed marijuana legalization ballot initiative. 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Unfortunately, there are a few downsides to this particular law; the biggest one being a lack of in-state production and dispensing of the oil. “That’s just a risk they can’t take given the volume of business that they do. SAFE will trigger that review and the updated FinCEN guidance will be what will hopefully provide cover fire for credit card processors, and potentially, U.S. exchanges.” He advised people interested in cannabis reform to pay attention to the SAFE Act. Andrew Carter, an analyst at Stifel, said he expects recreational cannabis sales to begin in late 2022. Analysts from Cantor Fitzgerald and Stifel estimated that New York could become a $5 billion cannabis market by 2025. Arizona rolled out adult-use sales faster than any other state that voted to pass recreational cannabis in the November elections. “I really need my CBD products, they help to keep me relaxed and to deal with symptoms of PTSD, but I really don’t understand whether or not I am allowed to legally purchase them. I have always received it with no problem, but I find I am anxious until I get my package,” she said. The CBD industry is primed to take bold leaps and bounds forward in the coming years and Cannonau Corp. is positioned to capitalize. A move that would drive a sustainable and scalable CBD business environment across North America opening up many new marketing and sales opportunities. Each week, we’re rounding up the biggest headlines in CBD and hemp news from around the country. This week, we’re seeing stories about plans to treat coronavirus symptoms with CBD, new standards for CBD products at Sephora and a new hemp collective IPO plans. 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States in this ranking have legalized cannabis for medical use as well as recreational/adult use, and have implemented or are currently implementing systems for allowing legal cannabis consumption. Some states, like California, have gone a step further in establishing a framework for legal cannabis sales at consumption venues and events. Less than half of consumers are concerned about topics like the presence of THC in products and CBD’s legality. Finally, we asked consumers to agree or disagree with a series of statements ranging from sentiment about CBD-related laws to their beliefs about how CBD could affect their bodies. We compiled our list of 34 brands based on the legitimacy of the company and their digital and retail presence. Finally, we asked consumers about the CBD brands they recognized, including how trustworthy they found each to be, which ones they had purchased from, and more. 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