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Big banking shows more interest in serving cannabis clients after recent SAFE Act passage by US House

Banks and other financial institutions are gearing up for potential massive involvement with the marijuana industry after last month’s passage of the SAFE Banking Act by the U.S. House of Representatives. While it remains unclear how the measure might fare in the Senate and if President Trump would sign it into law, the bill’s eventual passage […]

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Week in Review: Cannabis merger goes up in smoke, regulators target MJ vaping, Maine inches toward adult-use sales & more

MedMen and PharmaCann scrap their planned merger, state and federal officials act against marijuana vaping, Maine moves toward the launch of recreational MJ sales by the spring – and more of the week’s top cannabis business news.   MedMen, PharmaCann pull the plug MedMen, a California-based cannabis multistate operator, announced that its planned acquisition of […]

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Efforts intensify to battle corruption involving local government officials and cannabis industry

Law enforcement authorities across the country, including the FBI, have cast a wide net in their efforts to root out corruption among local government officials overseeing the marijuana industry. The crackdown has ensnared local government and cannabis industry officials in states such as California, Massachusetts and Michigan. Charges have included bribery and extortion. While claims […]

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Washington state temporarily bans flavored marijuana vaping products, targeting a third of top-selling MJ vapes

Washington state health regulators voted overwhelmingly on Wednesday to impose a temporary halt on the sale of flavored tobacco and marijuana vaporizer products, making it the second state after Massachusetts to ban cannabis vapes in some form. The Washington Board of Health voted 7-1 in favor of adopting the 120-day emergency ban, which is set […]

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