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Keywords: "Controlled Substances Act"

After banking memos, more questions than answers

February 19, 2014 · Updated February 6, 2017

By Fred Dreier The banking guidance issued Friday by the federal government has left the cannabis industry with more questions than answers. Many in the industry hoped the memos, which provide banks with an outline for how to work with the marijuana industry, would open the flood gates for cannabis businesses to begin accessing traditional […]

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Farm bill could pave the way for billion-dollar hemp industry

February 5, 2014 · Updated February 1, 2018

Prospective hemp growers are celebrating Tuesday’s passage of the Farm Bill in the U.S. Senate, as the legislation could be the first step toward creating a multi-billion dollar hemp industry. Tucked into the $956.4 billion Farm Bill is an amendment proposed by representatives Jared Polis, Thomas Massie and

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CA Court: Feds Can Shut Down Dispensaries

January 16, 2014 · Updated January 17, 2014

Federal agents have the right to shut down medical marijuana dispensaries in California under the U.S. Controlled Substances Act, an appeals court ruled on Wednesday. The ruling, handed down by the 9th U.S. Circuit Court of Appeals, rejected lawsuits put forth by three separate dispensary owners, their landlords and their patients. The groups had argued […]

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High-Level Cannabis Banking Discussion Held

December 12, 2013 · Updated December 16, 2013

A watershed moment for cannabis banking could be on the horizon. A group of finance leaders, federal regulators and law enforcement officials met today in Washington DC for a closed-door discussion on banking topics, including issues related to the marijuana industry. One possible outcome: The group could pressure the government to allow banks to handle […]

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Week in Review: Overview of Federal Marijuana Bills + Cannabis Stock Performance in Q2

July 15, 2013 · Updated August 20, 2019

What’s the biggest day-to-day challenge facing medical marijuana dispensaries? For most owners, it’s getting by without a bank account, which means operating as an all-cash business – and dealing with all of the headaches that entails. Last week, two Democratic federal lawmakers introduced a bill in Washington DC that would solve that problem. Under the […]

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5 Questions for Khurshid Khoja on New Cannabis Investing, Funding Opportunities Tied to JOBS Act

July 12, 2013 · Updated August 2, 2013

A move by the Securities and Exchange Commission this week opens up huge new doors for ancillary cannabis startups seeking money while also making it easier for investors to find opportunities in the marijuana industry. The SEC essentially agreed to let entrepreneurs use advertising as a way to raise financing in certain circumstances, lifting a […]

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Q&A With Henry Wykowski, Lead Attorney for Harborside Health Center in Forfeiture Case

January 11, 2013 · Updated January 14, 2013

The federal government has waged an all-out war against medical marijuana in California over the past two years. US attorneys in the state have shuttered hundreds of MMJ centers – from San Diego to Los Angeles to San Francisco – using a simple yet highly effective strategy: Threaten to seize the property if the dispensaries […]

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Chris Lindsey: Don’t Be Fooled – Risks Remain High for Marijuana Businesses

December 18, 2012 · Updated February 1, 2019

By Chris Lindsey Marijuana professionals, advocates and patients tend to be glass-half-full types. That was certainly the case last week, when ABC News aired a conversation between President Barack Obama and Barbara Walters. During the interview, Obama said government resources should not be spent going against the will of voters. I was getting calls by […]

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All Eyes on Arizona as Hearing in Landmark Medical Marijuana Court Case Approaches

October 9, 2012 · Updated March 16, 2018

The next few weeks will be extremely important ones for medical marijuana in Arizona. On Oct. 19, a judge will hear oral arguments in the White Mountain Health Center vs. ADHS case, which pits the medical cannabis industry against local and state officials who want to shut down the whole MMJ program. The stakes are […]

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Bill Would Stem Fed-Forced Evictions of Compliant Medical Cannabis Companies in MMJ States

August 3, 2012 · Updated April 23, 2019

The biggest worry for many marijuana dispensary owners and growers these days isn’t tied to financing, the competition or even a raid by federal agents. It’s about what their landlords receive in the mail. Hundreds of dispensaries and growing operations have been evicted over the past year after the federal government sent threatening letters to […]

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