Legal & Regulatory News for Marijuana Businesses

Illinois Gov Won’t Extend MMJ Pilot Program Yet

John Schroyer  | April 13, 2015

In response to attempts by lawmakers to extend the timeline for the state’s medical cannabis pilot program, Gov. Bruce Rauner made it clear on Monday that he isn’t going to sign an extension.

“The governor believes there is a lot of time left to evaluate … [Continue]

Filings Show Many Banks Working With Cannabis Businesses

Tony C. Dreibus  | April 13, 2015

Banks have filed more than 1,700 so-called “marijuana limited” suspicious activity reports since the federal government issued guidance early last year on how financial institutions can handle dealings with cannabis businesses, an indication that Continue]

New Doctor Requirement Could Dampen Arizona’s MMJ Market

Tony C. Dreibus  | April 13, 2015

Arizona dispensaries could see fewer new patients after the state’s governor signed a bill forcing naturopathic doctors to provide documentation on medical marijuana recommendations.

The new rule, which take effect on July 3, say that Continue]

MBank to Close All Cannabis Accounts

Tony C. Dreibus  | April 10, 2015

By Tony C. Dreibus

MBank, the small Oregon-based financial institution that has serviced the cannabis industry since last year, told Marijuana Business Daily that it will close all of its accounts with marijuana companies in the next two months.

Jef Baker, the CEO and president … [Continue]

Oregon May Push Back Edibles Sales to 2017

Tony C. Dreibus  | April 10, 2015

Companies that make edibles may not be able to sell into Oregon’s legal recreational cannabis market until 2017 due to difficulties crafting laws governing these types of products, which could put a big damper on overall initial rec marijuana sales in the state.

The Oregon … [Continue]

500 MMJ Dispensaries Shuttered in LA, City Attorney Says

John Schroyer  | April 10, 2015

Medical marijuana dispensary competition in Los Angeles is apparently shrinking.

The city claims it has succeeded in shutting down the vast majority of illegal dispensaries, with possibly more closures on the way.

City Attorney Mike Feuer Continue]

Business Owners, Lawmakers Discuss Banking With KC Fed

Tony C. Dreibus  | April 9, 2015

Cannabis business owners and Colorado Reps. Ed Perlmutter and Jared Polis met on Thursday with the head of the Federal Reserve Bank of Kansas City to discuss the lack of banking in the industry.

KC Fed President Esther George wasn’t in a place to say … [Continue]

Revival of 280E Bill on Horizon

John Schroyer  | April 9, 2015

A pair of Oregon Democrats announced Thursday that they’re planning to revive a bill that would reconcile legal marijuana companies with the tax code so cannabis businesses can take standard deductions.

Rep. Earl Blumenauer and Sen. Ron Wyden of Oregon want to solve problems tied … [Continue]