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Cannabis banking revived as attachment to domestic spending bill in House

The SAFE Banking Act, which only weeks ago seemed defeated when it was stripped out of a military spending bill, has been revived as an amendment to a domestic spending…

News January 28
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Ohio recreational marijuana campaign clears signature hurdle

A campaign to legalize recreational marijuana in Ohio has succeeded in getting its proposal sent to the Legislature, the next step before a ballot question goes to the voters in…

News January 28
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NJ, NY progressing toward adult-use cannabis launch, but one deadline slipping

New York and rival New Jersey are plugging along toward launching adult-use cannabis markets, but neither state has a firm timetable yet for doing so and New Jersey is likely…

News January 28
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Marijuana MSO Trulieve closes on final $75 million slice of $425 million raise

Multistate operator Trulieve Cannabis said it closed on a private placement offering of $75 million, the second tranche of a marijuana industry-record $425 million debt raise.

News January 28
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UFCW unionizes workers at Illinois cannabis retail store

The United Food and Commercial Workers Union (UFCW) scored another win in its mission to recruit more members in the marijuana industry when employees at a Sunnyside cannabis retail store…

News January 28
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Marijuana executives can still face federal charges, court rules

Marijuana business owners remain subject to criminal charges from the U.S. government despite a longstanding federal amendment that bars the Department of Justice from interfering with medical cannabis laws and…

News January 28
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Cannabis producers cautioned against profiteering from COVID-19 research

As research broke over the past two weeks that cannabis products such as CBD, cannabinoid acids and even synthetic cannabis compounds might prevent or treat COVID-19 infections, excitement among entrepreneurs…

News January 28
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CA company won’t be reimbursed for $75M of destroyed marijuana, court rules

A longtime Southern California cannabis business has lost a yearslong legal battle to be reimbursed by its home county for what it contends were improper raids that led to roughly…

News January 27
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Delaware lawmakers take first step toward legalizing an adult-use cannabis market

A state House committee in Delaware advanced an adult-use cannabis bill that focuses in large part on social equity and small businesses, the initial step toward legalizing a commercial market.

News January 27
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