Sep 6, 2019

The future of cannabis is mainstream retail

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Joe Kennedy formally launches campaign against senator who sponsored the Green New Deal

Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

Rep. Joe Kennedy, a grandson of Robert F. Kennedy, formally launched his primary challenge today against Sen. Ed Markey.

Why it matters: The dynastic heir — who first won election as a moderate, the AP notes — is portraying his campaign on generational terms. Massachusetts' two senators are each in their 70s, while Kennedy is 38.

Go deeperArrowSep 21, 2019

Rep. Joe Kennedy to announce primary challenge against Sen. Ed Markey

Sen. Ed Markey (left) and Rep. Joe Kennedy. Photo: Paul Marotta/Getty Images

Rep. Joe Kennedy (D-Mass.) will announce on Saturday his intention to run for Senate in 2020 against sitting Sen. Ed Markey (D-Mass.), the Boston Globe reports.

The big picture: Kennedy, the 38-year-old grandson of former Attorney General Robert F. Kennedy, wrote in a Facebook post last month that he is considering a Senate run out of a desire to shape "what kind of party Democrats need to be building for the future." The 73-year-old Markey was co-author of the Green New Deal resolution along with Rep. Alexandria Ocasio-Cortez, and he has already received a re-election endorsement from AOC and presidential candidate Sen. Elizabeth Warrren (D-Mass.)

Go deeper: Highlights from Kennedy's response to the 2018 State of the Union address

Keep ReadingArrowSep 18, 2019

The SAFE Act's House passage isn't enough to rescue flailing pot stocks

Data: Investing.com; Chart: Axios Visuals

Marijuana advocates scored a big win Thursday with the passage of the SAFE Act through the U.S. House of Representatives, but the market was less enthusiastic.

What it means: The Secure and Fair Enforcement Banking Act would allow marijuana companies to more easily do business with federally insured banks in the U.S.

Go deeperArrowSep 27, 2019