National Medical Cannabis Business & Marijuana Legal News

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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Marijuana Policy Project launches national search for executive director

A prominent national cannabis reform organization, the Marijuana Policy Project, has begun a search for a new executive director. MPP’s current interim director, Matthew Schweich, will remain on the job “until his successor has been named,” according to a news release. At that point, Schweich will focus all his time on a medical marijuana legalization […]

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Trump signs spending bill that includes medical marijuana protections

It’s official: Medical marijuana companies won’t have to worry about being prosecuted by the federal government for at least another six months. President Donald Trump on Friday signed into law a $1.3 trillion federal spending bill that includes an extension of a statute prohibiting the Department of Justice from interfering in state MMJ programs. However, the […]

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New federal budget bill includes medical marijuana protections

A key federal law that prohibits the Department of Justice from using federal funds to prosecute medical marijuana companies looks likely to remain in place under a new federal budget deal reportedly reached Wednesday among Congressional leaders. Language from the Rohrabacher-Blumenauer Amendment is included on page 240 of the 2,243-page budget bill, which was posted […]

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Week in Review: CBD in gas stations, AG Sessions hints status quo for cannabis & Arkansas hits MMJ snag

A cannabis company plans to offer low-dose CBD products at convenience stores, U.S. Attorney General Jeff Sessions says federal attorneys have bigger concerns than “routine” marijuana cases, and an Arkansas judge blocks regulators from issuing MMJ business licenses. Here’s a closer look at some notable developments in the marijuana industry over the past week. Fill […]

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