Prospects seem rosier for Senate passage of cannabis banking reform – but no guarantee

The push to pass major federal cannabis banking reform resumes in earnest Thursday during a Democratic-controlled U.S. Senate Banking Committee hearing on the challenges that a largely cash-based industry poses to small businesses and employees.

Texas medical marijuana expansion measure clears state House

A bipartisan-supported, Republican-sponsored proposal to expand access to low-THC medical marijuana oil in Texas and increase its potency passed the state House. but the measure still has a long way to go before it becomes law.

Kentucky lawmakers OK medical cannabis legalization, send bill to governor

The Kentucky House on Thursday approved legislation legalizing medical cannabis, sending the bill to Democratic Gov. Andy Beshear for his expected signature.

Medical marijuana legalization advances in Kentucky, dies in Kansas

Kentucky is on track to legalize medical marijuana after a bill passed in the state Senate, but an MMJ measure in Kansas is essentially dead.

North Carolina medical cannabis bill advances

A bill to legalize the cultivation and sale of medical marijuana in North Carolina is advancing through the Republican-controlled state Legislature with support from the state’s Democratic governor.

Republican push to legalize medical cannabis in Tennessee still alive

State lawmakers in Tennessee this week heard a Republican proposal to legalize medical cannabis in the state, with the legislation appearing to attract bipartisan support.

Kansas governor presses lawmakers to legalize medical marijuana this year

Kansas Gov. Laura Kelly said legalizing medical marijuana is one of her top priorities in 2023, despite likely pushback from Republican lawmakers.

Alabama regulators approve rules for medical cannabis program

Regulators in Alabama approved rules for the regulation and licensing of medical cannabis, the next step in beginning sales for the state’s businesses.

Texas medical cannabis firms bet on market reforms, more opportunities

The number of medical marijuana patients in Texas has quadrupled over the past year, but MMJ companies there still find it tough going and are betting that, over time, the market will be overhauled and provide greater business opportunities.

Marijuana grower Bright Green tumbles to Earth after initial Nasdaq stock surge

Bright Green Corp. made history last month as the first plant-touching marijuana business to trade on a major U.S. stock exchange, and its market value soared as a result – to $9 billion at one point.

But the Florida-based company’s shares have since plunged on the Nasdaq, from nearly $60 to the low single digits.

NM company sues to force health insurers to cover medical cannabis

A licensed medical cannabis company in New Mexico known for its lawsuits has filed another, this time in an attempt to force seven major insurance companies to reimburse about 74,000 patients in the state for their MMJ products.

‘A dream realized’: Q&A with cannabis social equity licensee Aja Allen

Aja Allen endured uncertainty from 2018 until her Central Los Angeles marijuana shop, Sixty Four and Hope, opened last September.