All eyes are on Georgia and two runoff races Tuesday that will determine whether the U.S. Senate flips to Democrats, an outcome that could make the upper chamber more amenable to federal marijuana reform – perhaps even legalization. Potentially billions of dollars of business opportunities are at stake, depending on the scope and shape of […]
Read MoreSearch Results
Keywords: "Mitch McConnell"
5 cannabis industry predictions for 2021 from MJBizDaily CEO Chris Walsh
The coming year will bring the cannabis industry new state legalization initiatives and a resurgence of investment but is unlikely to result in meaningful federal MJ policy reform, predicts Marijuana Business Daily CEO Chris Walsh.
Read More
New US Senate panel chair could boost prospects for cannabis banking reform
A new chair of the U.S. Senate Banking Committee could pump fresh life into stalled cannabis banking reform – even if Republicans maintain control of the upper chamber when the next Congress convenes in January.
Read More
Marijuana advocates bullish on banking reform, less hostile DOJ under Biden presidency
The incoming administration of President-elect Joe Biden has major ramifications for marijuana businesses – ranging from possible banking access to a less hostile Department of Justice or perhaps new federal memos that make it easier for state-legal MJ companies to operate.
Read More
US marijuana reform leaders lower post-election expectations, including legalization hopes
In the wake of yet another surprising electoral outcome – in which Republicans are now favored to retain control of the U.S. Senate – national marijuana reform organizations are weighing their prospects for the next Congress. The consensus is there’s a solid likelihood for progress – including banking access for cannabis companies – but not […]
Read More
2020 election updates, analysis & highlights
Marijuana Business Daily reporters and editors are providing live coverage of the 2020 general election, focusing on legalization ballot measures in five states as well as key federal races that could affect MJ reform. Scroll down for updates our staff has filed about the states voting on marijuana-related proposals as well as potentially pivotal U.S. congressional […]
Read More
Voters in NJ, Arizona, three other states legalize potential $2.5 billion-plus marijuana markets
The marijuana industry appeared headed for a clean sweep on Election Day, with voters approving new markets in Arizona, Mississippi, Montana, New Jersey and South Dakota that could generate more than $2.5 billion in medical and recreational cannabis sales a year by 2024.
Read More
Federal marijuana reform prospects bright – provided the Senate flips, Biden wins
Tuesday’s general election could have huge implications for federal marijuana reform, but the biggest business impacts hinge on whether the U.S. Senate flips to the Democrats and former Vice President Joe Biden wins the presidency.
Read More
35 US Senate seats are up for grabs, and several would be key wins for the cannabis sector
The business outlook for cannabis companies could be significantly different this time next year, depending in large part on which party controls the Senate and which senators are elected.
Read More
US House vote delay likely won’t derail marijuana reform momentum
The postponement of a U.S. House vote until after the November election to remove marijuana from the federal Controlled Substances Act is a disappointment to many in the industry, but it changes little in terms of the momentum of reform. That is, as long as the House remains controlled by Democrats, as is highly expected. […]
Read More
State treasurers group lobbies for marijuana banking in coronavirus bill
A coalition of state treasurers across the country are urging Congress to include cannabis banking reform in the next coronavirus relief stimulus package to give the economy a needed infusion of capital while protecting marijuana workers who currently handle mostly cash transactions. The U.S. House did include the SAFE Banking Act, which would enable financial […]
Read More
Week in Review: US House passes relief bill with cannabis banking, MO permit probe extends, ME lifts residency mandate & more
The U.S. House of Representatives approved legislation allowing banks to serve cannabis companies by wrapping the measure into a $3 trillion coronavirus economic relief package. The massive economic stimulus bill, proposed by House Democrats, includes language from the SAFE Banking Act, which was previously approved by the House last September and is aimed at guaranteeing […]
Read MoreJanuary Issue
