The stock market reacted in a volatile manner to President-elect Donald Trump’s first press conference since the election.

Cannabis stocks were not immune from this volatility and we are closely monitoring biotech stocks levered to the cannabis industry as yesterday’s trading activity was not like anything we have seen before.

An Unprecedented Reaction

The market has never seen one person have such an impact on global market activity and want to briefly highlight how the President-elect’s comments impacted the markets, specifically that of the biotech sector.

If the American people are worrying about Republican Sen. Jeff Sessions’ approach to enforcing federal marijuana laws, he says they should get Congress to change them.

Sessions, who President-elect Donald Trump has tapped to become U.S. attorney general, answered questions on marijuana among other issues during his confirmation hearing on Tuesday. And Sessions did not offer a definitive stance on what marijuana enforcement would look like under his justice department.

Bloomfield Industries, one of the five companies licensed to sell medical marijuana in New York, is being acquired by MedMen, a California-based marijuana management and consulting firm. 

The change in ownership comes just two days after New York State’s medical marijuana program marked its first year, amid cries from executives that the market is not viable and reassurances from the state Department of Health that the program remains on course.

One of the most conservative members of the Wyoming State Senate is Cale Case (R-Lander). He favors approval of a medical marijuana bill and says there is a surprising amount of support for such an effort among older, conservative Wyomingites.

I happened to be with Case during his recent talk to the Lander Rotary Club. He asked the crowd of 50, how many would favor such a measure? Some 35 hands were raised – 70 percent!

Earlier, Cale had joined our Fox News All-Stars coffee group (average age 69) and took a similar poll. All of the nine people there favored it.

Approximately 3,500 patients, adults and children, in New Haven County alone are approved and using medical marijuana. Over 15,000 state-wide are using it for 22 serious conditions; including cancer, Parkinsons, Multiple Sclerosis, and Cerebral Palsy.

This week, there will be a move to expand it to seven more ailments like; Eczema, Osteoarthritis, Rheumatoid Arthritis and Fibromyalgia.

Jonathan Harris, the Commissioner of the State Department of Consumer Protection, the agency that oversees the medical marijuana program, said that the program is gaining more acceptance.

There was little obvious sign of the newest addition to the state's agricultural landscape at the Pennsylvania Farm Show on Monday.

While the costs of cultivating medical marijuana make it an unlikely business venture for most farmers, its production is expected to get a lot more notice within the industry.

Pennsylvania became the 24th state to legalize medical marijuana for the treatment of 17 medical conditions last April. The Department of Health has been rolling out regulations, with the goal of having the drug available for patients next year.

The next steps of a burgeoning industry that grows, processes and dispenses the drug will be hard to ignore.

The key issue is not if, but how college students decide to consume cannabis.

Marijuana use among college students has taken another spike upward, according to a new survey, but these students’ grades may have likewise climbed.

2016 is a year that will live in infamy, but one clear winner across the board was cannabis. The United States watched as eight more states legalized cannabis for medical or recreational purposes, and the ripple effect of legalization has been felt throughout the globe. 

Revel in these states' and countries' cannabis victories and look to the future with renewed optimism. What will 2017 bring? We can't wait to find out! 

Like millions of folks around the globe, I am a huge fan of The Walking Dead, AMC’s post-apocalyptic-zombie drama. Good friends and I love to get together and watch the trials and tribulations of Rick Grimes, Michonne, Daryl Dixon and the entire gang on Sunday nights. During interviews and specials it has always struck me how much the cast seemed to really love each other, becoming a family over the years while filming in Georgia. The actors, while it is impossible to know for sure, just seem like genuinely good people. It was great to see that Norman Reedus, who plays fan favorite Daryl Dixon, has helped validate my feelings by supporting young kids utilizing cannabis oil to combat their cancer.