Cannabis banking reform bill passes key Senate hearing

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.

Image of the Senate Banking Committee hearing on the SAFER Banking Act

Minnesota’s brand-new chief marijuana regulator resigns amid allegations

Erin Dupree, who was appointed the first director of Minnesota’s Office of Cannabis Management only last week, has resigned before even starting her role after a local media report that raised questions about her background, including an allegation that her business previously sold prohibited hemp-derived products.

Image of a pen sitting atop a resignation letter

Widespread product recall upends Missouri’s cannabis industry

A widespread recall targeting tens of thousands of infused cannabis products in Missouri has led to millions of dollars in lost sales and inventory for retailers and manufacturers, according to industry sources and court documents obtained by MJBizDaily.

Image of a tray of vape cartridges