Business intelligence from Akerna (NASDAQ:KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry's first seed-to-sale enterprise resource planning (ERP)
U.S. House Reps Bonnie Watson Coleman (D-NJ) and Cori Bush (D-MO), in collaboration with the Drug Policy Alliance, introduced the Drug Policy Reform Act (DPRA): a bill seeking to end criminal penalties for drugs possession at the federal level.
Ulrik Boesen, a Senior Policy Analyst at the Tax Foundation, recently joined Bank of America for an investor call about U.S. cannabis tax policy.
Boesen said tax policies toward cannabis in the U.S. today need a lot of improvement, but regulators also have to be careful to avoid negative consequences.
As we near the end of the first half of 2021, we can see cannabis stocks traded mostly up by double digits, with the Amplify Seymour Cannabis ETF (NYSE: CNBS) delivering gains of more than 50% year-to-date.
This week, however, stocks posted mixed performances.