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Keywords: "Controlled Substances Act"

Congressional legislation reintroduced to protect state-legal marijuana markets

April 4, 2019 · Updated April 23, 2019

A bipartisan group of lawmakers in the U.S. House and Senate reintroduced legislation Thursday to protect states’ ability to enact their own marijuana policies while resolving longstanding banking and taxation issues. The STATES Act – which is expected to face tougher sledding in the Republican-controlled Senate versus the Democratic-controlled House – would create an exemption in the […]

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Three cannabis reform bills reintroduced in Congress

March 7, 2019 · Updated April 15, 2019

The list of pro-marijuana reform bills in Congress just got a little longer. Not only was the anticipated bipartisan SAFE Banking Act reintroduced on Thursday after a much-publicized congressional hearing last month, but two more members of the House of Representatives held a news conference on Capitol Hill to call for federal reforms. Flanked by […]

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Report: FDA chief to resign, leaving CBD review in question

March 5, 2019

Just as the CBD industry was hoping to start work next month on the cannabinoid’s place in food, drugs and cosmetics, the head of the U.S. Food and Drug Administration chief is resigning. Dr. Scott Gottlieb, who told Congress last week that CBD can’t be added to consumer products, is leaving office in April, according […]

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A New Day

March 1, 2019 · Updated June 6, 2021

The landmark Farm Bill offers hemp companies billions in new business opportunities—plus banking, tax and insurance help It was no ordinary White House news conference. It started with a video from the 2006 Emmy Awards of President Donald Trump singing the theme song from the 1960s sitcom “Green Acres,” which showcased a wealthy New York […]

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Canopy enlists celebrity Martha Stewart as CBD ‘adviser’

February 28, 2019

Canopy Growth has lined up celebrity lifestyle guru Martha Stewart to advise the Canadian cannabis company in developing a new line of goods, including hemp-derived CBD products. Stewart said their first collaboration will offer products for pets. “As soon as you hear the name Martha, you know exactly who we’re talking about,” Canopy Growth co-CEO […]

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Veteran marijuana advocate Steve Fox leaves NCIA to join upstart MJ trade group

January 31, 2019 · Updated October 9, 2020

Longtime marijuana advocate Steve Fox has left the National Cannabis Industry Association, which he co-founded, to join the upstart Cannabis Trade Federation to promote federal MJ reform. “It is a larger lobbying team at CTF with a lot of reach into a lot of different offices,” Fox told Marijuana Business Daily. “And, from the perspective of […]

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Opportunities & challenges cannabis entrepreneurs face in 2019

January 2, 2019 · Updated April 23, 2019

Marijuana professionals will have an abundance of business opportunities, questions and challenges on their radar in 2019. What follows is an overview of nine of the most important. 1. Is there potential for a federal legislative breakthrough? What is the probability of federal marijuana reform in 2019 given Washington DC gridlock and the likely focus […]

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Chart: 2018 Farm Bill addresses major pain points for hemp industry

December 17, 2018 · Updated July 4, 2020

Several major hurdles undermining hemp cultivators’ ability to run successful, profitable businesses are set to crumble once President Donald Trump signs the 2018 Farm Bill. Challenges such as finding processors or accessing banking services – problems attributable to the patchwork of state laws and regulations that have so far underpinned the industry – will be […]

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Hemp legalization clears House, off to president for final approval

December 12, 2018

Hemp legalization awaits the pen of President Donald Trump after the U.S. House on Wednesday followed the Senate and approved a 2018 Farm Bill that removes hemp from the U.S. Controlled Substances Act. The House voted 369-47 to agree to a Farm Bill compromise that includes redefining cannabis plants with no more than 0.3% THC. […]

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