Category Archives: Legal

Congress looks into allowing banking for marijuana businesses

U.S. lawmakers are once again exploring efforts to allow legal cannabis businesses access to banks. The Democratic-controlled House Financial Services Committee on Wednesday held a hearing to discuss the Secure and Fair Enforcement Banking Act of 2019, also known as the SAFE Banking Act, reports Yahoo Finance. “We’re trying to examine how outdated banking regulations […]

Q&A: Stockhouse’s Cindy Broad on why U.S. pot businesses look to Canada for capital

As cannabis legalization continues to flourish in North America, several U.S. marijuana companies are turning to Canada’s stock markets in order to build capital. Major cannabis companies such as Flow Kana, MedMen and Wagner Dimas have decided to avoid legal roadblocks in the U.S. by offering shares through Canadian exchanges and generating millions in financing. […]

Q&A: Cannabis Trade Federation CEO Neal Levine on the future of federal marijuana legalization

America’s legal cannabis market owes part of its success to Neal Levine. Levine worked as Senior Vice President of Government Affairs for LivWell Enlightened Health, which earned a reputation as one of the largest employers in the cannabis industry. He has since moved on to be named as the chief executive operator of the Cannabis […]

New Jersey approves medical marijuana as treatment for opioid addiction

Prescription painkiller addicts can now seek medical cannabis as a form of treatment in New Jersey. Gov. Phil Murphy (D) on Wednesday announced that opioid addiction will be added to the list of qualifying conditions that allows residents to obtain medical marijuana, reports NJ.com. The state will also eliminate a prior authorization requirement for Medicaid […]

California approves marijuana deliveries throughout state

(Courtesy of Meadow) Californians will be allowed to order cannabis for delivery regardless of their local pot laws. California State Cannabis Licensing Authorities on Wednesday announced the finalization of cannabis regulations that includes home delivery services statewide, the Associated Press reports. The new rule will allow home deliveries throughout the entire state, even in small […]

Surgeon General suggests reclassifying marijuana to expand research

(Courtesy of DPA) America’s top health official believes that current restrictions on cannabis should be reconsidered. Surgeon General Jerome Adams spoke about the federal government’s drug classification system last month at a law enforcement conference at Harvard University, reports CTV News. “We need to look at our health laws, rules and regulations, and that includes […]

Rhode Island governor plans to legalize recreational marijuana

(via Wikimedia Commons) Rhode Island Gov. Gina Raimondo will propose a framework to legalize marijuana for adult recreational use, reports the Providence Journal. Raimondo says the proposal is an effort to keep pace with neighboring states that have already ended pot prohibition, such as such as Maine, Massachusetts, and Vermont. New York and New Jersey […]

Kentucky lawmakers introduce bipartisan medical marijuana bill

A bipartisan group of Kentucky lawmakers have introduced a new bill to legalize the medical use of cannabis, reports WKYT News. House Bill 136 will ensure that medical marijuana will be available for up to 60,000 Kentuckians. Medical cannabis would be regulated by the Department of Public Protection’s Office of Alcoholic Beverage Control. The state-run […]

Lawmakers propose ‘H.R. 420’ bill to federally regulate marijuana

(Photo courtesy Sonya Yruel/Drug Policy Alliance) A bill introduced to the House by U.S. Rep. Earl Blumenauer (D-OR) seeks to legalize marijuana and regulate the industry like alcohol. Rep. Blumenauer on Wednesday filed the Regulate Marijuana Like Alcohol Act that would effectively remove cannabis from the federal Controlled Substances Act, the Associated Press reports. Blumenauer […]

Alcohol industry not affected by legal marijuana, study finds

Despite fears from anti-marijuana advocates, cannabis legalization isn’t hurting the alcohol industry as many predicted, according to a new study.  A study published Thursday by The Distilled Spirits Council found that spirit sales have actually grown in states that were early adopters of legalizing marijuana for adult recreational use. “At this point, we’ve seen no […]