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Florida bank welcomes medical marijuana businesses

A bank has taken the unusual step of embracing medical marijuana businesses in Florida. Orlando-based First Green Bank has opened accounts and granted financial services to six of Florida’s seven…

News August 7

AG Sessions questions cannabis regulatory efficacy in CO, WA

U.S. Attorney General Jeff Sessions has contacted the governors of Colorado and Washington state and, using parallel language, questioned the effectiveness of state regulations designed to comply with the 2013 Cole…

News August 7
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Chart: Many operational marijuana businesses are seeking funding in 2017

By Eli McVey In most sectors of the marijuana industry, roughly 50% of revenue-generating companies are either actively trying to raise capital or plan to this year, according to data…

News August 7

Nevada high court: Medical MJ business licenses are private

The Nevada Supreme Court has ruled that the names of people who possess medical marijuana business licenses in the state are confidential and don’t have to be made available to the…

News August 4

Task force tells AG Sessions to keep status quo for legal cannabis

A task force assembled by Attorney General Jeff Sessions is giving him no ammunition to go after the legal marijuana industry, according to documents obtained by The Associated Press. The Task…

News August 4

Massachusetts marijuana oversight board is taking shape

Massachusetts Gov. Charlie Baker on Friday picked five people to serve on the Cannabis Advisory Board that will help guide regulators enforcing recreational and medical marijuana laws. The governor’s selections bring to 15…

News August 4

Canadian cannabis stocks take hit after report

Shares of the five licensed cannabis companies that trade on the the Toronto Stock Exchange were down Friday after reports surfaced that it could become harder for investors to deal in…

News August 4

New Jersey medical marijuana panel proposes 43 conditions

New Jersey’s Medicinal Marijuana Review Panel has recommended that the state’s health department add 43 conditions to the list of illnesses that would qualify patients to receive medical cannabis cards.…

News August 4

Gaming industry seeks clarity on handling cannabis-derived money

Nevada marijuana business owners pay attention: The gaming industry has appealed to the U.S. Treasury Department for clarity on how casinos should deal with money connected to the cannabis sector.…

News August 4
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