Legal & Regulatory News for Marijuana Businesses

Fed Reserve chair: Without lawmakers’ guidance, banks can’t take cannabis money

The chairman of the Federal Reserve signaled at a news conference the central bank is not prepared to give federally chartered banks a green light to serve marijuana businesses in legal markets – at least until lawmakers clarify discrepancies between state and federal law. “This is a very difficult area, because many state laws permit […]

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US senators back medical marijuana protections in key spending bill

Members of a U.S. Senate subcommittee this week included key protections for medical marijuana businesses in a spending bill widely acknowledged to be a must-pass measure by the full chamber. The Senate panel’s action is the latest sign of widening political support for states’ rights to legalize and regulate cannabis without meddling by the federal government. […]

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Alaska eyes new tax tier for cannabis cultivators in face of black-market demand

Alaska’s Department of Revenue is mulling a third tax tier for cannabis cultivators in an apparent bid to make the state’s legal marijuana prices more competitive with the black market. That’s according to Ken Alper, director of the state’s tax division, who was speaking at Alaska’s Marijuana Control Board on Wednesday. Here are the basics […]

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Boehner: Federal government shouldn’t meddle in state cannabis industries

Former House Speaker John Boehner, an Ohio Republican and one-time marijuana opponent, has stepped up his advocacy on behalf of the MJ industry by taking to the airwaves to say Uncle Sam shouldn’t interfere in state-legal cannabis markets. “If the states decide they want to do this, this is up to them,” Boehner said when asked […]

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Michigan medical marijuana license applicants must wait another month

Seventeen medical cannabis companies that were supposed to get news on Monday about their state license applications in Michigan will have to wait another month, along with many more that are waiting on a state board to make headway on the permitting process. Hundreds of companies have applied for medical marijuana business licenses. But state […]

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President Trump says he ‘probably’ would support states’ rights cannabis bill

President Donald Trump told reporters Friday he “probably” would support legislation that would allow states to decide for themselves whether marijuana should be legal. His comments came a day after Democratic Sen. Elizabeth Warren, D-Massachusetts, and Republican Sen. Cory Gardner, R-Colorado, unveiled legislation that would make state-legal marijuana programs exempt from federal drug laws – […]

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Week in Review: Smokable flower in Florida, cannabis investing in Colorado & MMJ software woes in Maryland

A judge allows smokable medical marijuana in Florida, Colorado’s governor vetoes a bill to allow publicly traded companies to invest in cannabis businesses, and Maryland’s MMJ program experiences tracking software problems. Here’s a closer look at some notable developments in the cannabis industry over the past week. Smoking’s OK – or is it? Allowing the […]

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