Welcome back to The Week in Weed, your weekly look at all things legalized marijuana.
- Chart of the Week: Snapshot of Increased Investment Activity in the Marijuana Industry (Marijuana Business Daily: News, 6 June 2016)
The cannabis industry is becoming increasingly attractive to investors, who are pumping more money than ever into marijuana companies. One indication of the increased activity: In 2015, cannabis companies secured more than $215 million in venture capital, according to data from the investment research firm CB Insights.
In a sign of marijuana’s growing normalization in Canada, two major life insurance companies have decided to treat cannabis users as non-smokers, reversing a long-standing policy and offering many of them far cheaper premiums.
- Gov. Kasich signs Ohio’s medical marijuana bill into law (Columbus Dispatch, 9 June 2016)
A bill authorizing physicians to prescribe marijuana derivatives to treat a host of health conditions was signed into law this afternoon by Ohio Gov. John Kasich.