Pennsylvania Gov. Tom Wolf is now in favor of legalizing marijuana for recreational use, which, if his efforts are successful, could potentially create a $1 billion-plus adult-use market in the state of 12 million people. Wolf says that that most of the state’s residents support it. He added that the state has a wealth of […]
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Historic day: US House passes cannabis banking bill with strong bipartisan support
In a landmark move, U.S. House lawmakers on Wednesday approved overwhelmingly by a 321-103 vote legislation that would pave the way for financial institutions and insurance companies to serve state-legal marijuana businesses without fear of federal reprisal. Ninety-one Republicans voted for the measure known as the SAFE Banking Act in a showing of strong bipartisan support. […]
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NY governor wants Northeast region to work together on recreational marijuana, vaping
New York Gov. Andrew Cuomo is urging neighboring states to work together on future recreational cannabis policies – a move that could potentially create a more level playing field for marijuana businesses in adjoining states if adult use is approved. The Democratic governor also wants states near New York to work together on vaping regulations. […]
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House Judiciary Chair reiterates commitment to marijuana banking reform
The chair of the House Judiciary panel said he is committed to working to advance a comprehensive marijuana bill including social and criminal justice provisions. Rep. Jerrold Nadler, a Democrat from New York, made the statement on the eve of a scheduled full House vote on a cannabis banking bill called the SAFE Banking Act. […]
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Marijuana industry reaction to California’s 2019 legislative session: Some wins, but many MJ business issues still outstanding
California’s 2019 legislative session drew to a close earlier this month, and it was a lackluster year for cannabis business priorities, industry watchers noted, with no victories on issues such as tax relief, banking or the opening of more jurisdictions for business licensing. “It’s a mixed bag,” Amy Jenkins, chief lobbyist for the California Cannabis […]
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At long last: A full US House vote on a cannabis banking bill
The multibillion-dollar U.S. cannabis industry is poised to cross a historic threshold Wednesday with a scheduled U.S. House vote on a bill that would permit financial institutions to serve state-legal marijuana businesses without fear of federal punishment. The vote would mark the first time a standalone marijuana bill has come before the full House. And it […]
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Massachusetts governor bans sale of all vaping products, becoming first state to target marijuana and tobacco vaporizers
Massachusetts has become the first state to ban the sale of cannabis and tobacco vaping products, dealing a financial blow to the state’s marijuana retailers and vaporizer businesses and setting an example that other states may follow.
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Washington state man sues 6 cannabis firms, alleges products caused lung illness
A Washington state man is suing six cannabis vape companies for allegedly causing his lung illness, reportedly the first suit of its kind in the state. The suit filed by Herrmann Law Group on behalf of Charles Wilcoxen, a Puyallup Tribal Police officer, claims marijuana vape products caused him to come down with lipoid pneumonia, […]
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Massachusetts regulators say yes to marijuana cafes, home delivery
Massachusetts regulators approved two new types of licenses that could be a boon to marijuana businesses in the state – cannabis cafes and home delivery. The Springfield Republican reported that the Cannabis Control Commission voted 4-1 to allow social consumption of recreational marijuana at cafes as well as delivery of adult-use cannabis to residences. Both licenses […]
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UT gov signs medical cannabis bill increasing dispensaries, licensing couriers
Utah Gov. Gary Herbert, as expected, signed a bill that will increase the number of medical marijuana dispensaries from seven to 14, with additional growth possible depending on market demand. Utah legislators unanimously passed the legislation during a recent special session called by the Republican governor to scrap a state-run MMJ distribution system. The measure […]
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Cannabis firms must comply with federal overtime law, court rules
State-licensed marijuana businesses need to adhere to federal labor laws governing paying overtime to employees, an appellate court ruled, which is a decision that could have broad implications for the MJ industry. A three-judge panel of the U.S. Court of Appeals for the Tenth Circuit in Denver affirmed a decision by a lower court in the […]
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In historic move, US House to vote on cannabis banking bill next week
A bill that would create a federal safe harbor for financial institutions to serve state-lawful cannabis businesses and ancillary companies will be put to a landmark vote in the U.S. House of Representatives next week, House Majority Leader Steny Hoyer said Friday. Hoyer, D-Maryland, announced on the House floor that he will schedule the SAFE Banking […]
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October Issue
With the rise of adult use cannabis, experts see medical marijuana dominated by two distinct markets.Read the Issue