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Why cannabis banking reform alone won’t solve payment processing woes
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Week in Review: Maine marijuana setback, Arizona MMJ lawsuits & investment avalanche
By John Schroyer and Omar Sacirbey Maine recreational legalization hits a major snag, Arizona lawsuits expose problems with the state’s medical cannabis system, and venture capital investments in marijuana companies hit…
News March 4New Mexico’s Medical Marijuana Patient Numbers Booming
There are roughly 21,000 people enrolled in New Mexico’s Medical Cannabis Program, nearly double the number since 2013, according to the state’s Health Department, KOAT news reported. That means a…
News March 3U.S. Cannabis Industry Undercutting Mexican Cartels
The legal marijuana industry in the United States has taken a big toll on Mexican cartels that had previously relied on cannabis for a sizable chunk of their profits, according…
News March 3Oregon Marijuana Banking Bill Heading to Governor’s Desk
A marijuana banking bill is heading to the desk of Oregon Gov. Kate Brown after sailing through the state legislature last month. The bill, HB 4094, exempts financial institutions from…
News March 3Report: VC Investments in Cannabis Companies Hit $215M
Marijuana businesses landed $215 million in venture capital investments last year, more than double the $97 million they secured in 2014, according to a new report from CB Insights. The 2015…
News March 3Detroit Medical Marijuana Dispensaries Might Get Crucial Lifeline
By John Schroyer Update: A Detroit city councilman has reportedly declared the petition to force a vote on the zoning ordinance to be invalid, based on an analysis by the…
News March 3Hemp Cultivation Programs Get Green Light in MN, WA
Two states have gotten the green light to move forward with limited industrial hemp programs, which could pave the way for future businesses opportunities. The U.S. Drug Enforcement Administration has issued…
News March 2Maine rec initiative fails to qualify for ballot
Maine voters might not get the chance to legalize recreational cannabis this November. The Campaign to Regulate Marijuana Like Alcohol collected more than 103,000 signatures, much more than the 61,123 needed…
News March 2Polls: Majority support for cannabis in FL, NH, Canada
A recent trio of polls suggest that attitudes toward cannabis reform continue to spread, with support for marijuana legalization evident in Florida, New Hampshire and Canada. In Florida, 65% of…
News March 2
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