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Owners of a marijuana testing lab in Montana said they’ve shut down out of concern that regulators are more focused on tax revenue and less on a concern that the state’s compliance software could lead to untested cannabis.
The latest push for federal cannabis banking reform in the United States passed a markup hearing in the Senate Banking Committee on Wednesday, demonstrating bipartisan support for allowing state-legal marijuana businesses to access financial services and setting up the bill for a full vote in the chamber.
Marijuana producer Organigram Holdings filed a preliminary short-form base shelf prospectus to raise up to 500 million Canadian dollars ($370 million) by issuing securities over a 25-month period.
Conventional wisdom contends that businesses and labor unions are naturally adversarial. But it doesn’t have to be that way.
More than 1,000 companies and entrepreneurs have applied for business licenses to be part of Minnesota’s booming low-dose, hemp-derived products market.
Alaska is easing restrictions on marijuana advertising and product sampling, the latest step toward liberalizing the state’s cannabis program as state lawmakers also contemplate MJ tax reform.
Long-awaited federal cannabis banking reform is expected to sail through a key U.S. Senate panel hearing Wednesday, which would be the first time the landmark legislation has secured a yes vote in the upper chamber of Congress.
