National Medical Cannabis Business & Marijuana Legal News

Three cannabis reform bills reintroduced in Congress

The list of pro-marijuana reform bills in Congress just got a little longer. Not only was the anticipated bipartisan SAFE Banking Act reintroduced on Thursday after a much-publicized congressional hearing last month, but two more members of the House of Representatives held a news conference on Capitol Hill to call for federal reforms. Flanked by […]

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Chart: Farmer and rancher perceptions of cannabis reflect nationwide acceptance

As cannabis becomes more mainstream, there’s increasing acceptance of growing and using the plant – even among conventional farmers and ranchers. In a recent Farm Journal survey, respondents said they were more comfortable with CBD and medical applications of cannabis than THC and recreational applications. Survey respondents also were more agreeable to growing than consuming […]

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Former Florida GOP congressman joins Cannabis Trade Federation as adviser

The Cannabis Trade Federation (CTF) is continuing to expand its policy and lobbying team in Washington DC, and the newest player to join the roster is former Florida congressman Carlos Curbelo. CTF, which is pushing for federal marijuana reform, said in a news release Thursday that Curbelo, a Republican, was hired as a strategic adviser. […]

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Senate confirms William Barr as U.S. attorney general

The U.S. Senate voted 54-45 on Thursday to confirm President Donald Trump’s nominee for attorney general, William Barr, installing a Justice Department veteran as the nation’s top law enforcement official. During his confirmation hearings, Barr – who previously served as attorney general from 1991-1993 and was known for his tough approach to drug offenders – […]

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Want to cash out of your cannabis business? Here are some things to consider

As merger and acquisition activity accelerates across the cannabis industry, many companies are discovering they don’t need a for-sale sign in the window to be a takeover target.

The flurry of M&A activity, which is on pace to double in the marijuana industry this year, is giving more company founders a chance to cash out at an attractive price after years of working 24/7 to build their businesses.

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Week in Review: Cannabis banking confusion, medical marijuana vs. opioids in NY & MMJ defeat in US Tax Court

Landmark news comes from Canada this week as it becomes the first G-20 nation to legalize recreational cannabis. Read more about that here.

In the United States, cannabis banking reform advocates get mixed signals, New York plans to allow the use of medical marijuana in lieu of opioids, and U.S. Tax Court denies a Colorado MMJ company’s business deductions.

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Cannabis foes crow about MJ banking measure stalling in congressional committee

A pro-cannabis industry banking amendment stalled this week in a House of Representatives committee, and marijuana opponents quickly crowed that “Big Pot” had suffered a defeat. But the development illustrates the political war for marijuana reform is far from over, despite big industry names throwing serious capital at Washington DC lobbying efforts. “Allowing banking access to the […]

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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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Poll: Majority of Americans still favor legalizing marijuana nationally

A solid majority of American adults want cannabis legalized at the federal level, according to a national poll. The CBS News study, conducted April 11-15 with roughly 1,000 people, found that 59% of Americans across the country believe marijuana should be legal. Only 36% said it should remain banned. In addition, 61% of poll respondents […]

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Colorado senator: Trump pledges no DOJ interference in marijuana industry

President Trump has pledged to at least one U.S. senator that the Department of Justice won’t interfere with Colorado’s marijuana laws or businesses, a sign that the administration will take a hands-off approach toward legal MJ companies. According to The Denver Post, Republican U.S. Sen. Cory Gardner said Friday that he had received a commitment […]

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US senators urge Justice Department to quit blocking marijuana research

One of the ways U.S. Attorney General Jeff Sessions is standing in the way of cannabis industry progress is by stalling marijuana-related research permits through the Drug Enforcement Administration, and two U.S. senators are tired of it. Republican Orrin Hatch, of Utah, and Democrat Kamala Harris, of California, sent Sessions a letter this week imploring […]

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