The U.S. House of Representatives voted on Wednesday to approve a bill that would allow legal cannabis businesses access to the nation’s banking system. The measure, the Secure and Fair Enforcement (SAFE) Banking Act, was passed with a House floor vote by a margin of 321 to 103. If... Read more
Legal efforts to address the ongoing opioid crisis have been ramping up across the nation. Most notably, a federal court is set to hear a massive case against a number of big players in the pharmaceutical industry. An issue in the hearing will be determining to what extent pharmaceutical... Read more
Chief Rick Smith of the Kansas City Police Department wrote in a blog on Wednesday that he believes that cannabis is responsible for his city’s higher than average murder rate. Kansas City, Missouri placed #26 on the list of U.S. cities with 100,000 or more residents with the highest... Read more
Surely being the target of a 130-person Disneyland Paris manhunt is enough to expand one’s consciousness? Hopefully, a Swiss man who fell in one of the amusement park’s lakes on Friday night, shortly after ingesting LSD with his girlfriend, thinks so. Pirate’s Beach in Adventureland was the site of... Read more
The outlook for Uruguayan hemp: Q&A with Sergio Vazquez of Uruguay’s agriculture ministry
(Editor’s note: Sergio Vazquez will appear at the MJBizDaily Latin American Cannabis Symposium, Sept. 30-Oct. 1, in Bogota, Colombia.) While Latin American countries generally have yet to see the formation of anything close to a real hemp market, some areas will begin to see an export stream next year. Even... Read more
Kushco Holdings, Inc. Prices $30 Million Registered Direct Offering CYPRESS, CA / ACCESSWIRE / September 26, 2019 / KushCo Holdings, Inc. (OTCQX:KSHB) (“KushCo” or the “Company”), today announced it has entered into definitive agreements with investors for the purchase and sale of 17,197,570 units, with each unit consisting of... Read more
Exclusive Interview with MedMen Co-Founder and CEO Adam Bierman Cannabis retailer MedMen (CSE: MMEN) (OTC: MMNFF) has been operating in the United States for nearly a decade. Now that the company has established a strong, bi-coastal presence, it is focused on operationalizing its footprint. Co-Founder and CEO Adam Bierman spoke... Read more
‘It is not an overnight process’: Q&A with David Gordon of Colombian hemp producer PharmaCielo
(Editor’s note: David Gordon will appear at the MJBizDaily Latin American Cannabis Symposium, Sept. 30-Oct. 1, in Bogota, Colombia.) Cannabis companies are investing heavily in Latin American markets, where low-THC varieties known as hemp in the U.S. play a large role in nascent medical marijuana regulations. The companies that entered... Read more
Hemp-banking protections pass US House as part of landmark cannabis bill
House lawmakers passed a historic cannabis banking bill Wednesday that also provides a safe harbor for financial institutions serving hemp and hemp-derived CBD businesses. Proponents believed that such provisions were necessary despite the fact that hemp became legal nationwide with the enactment of the 2018 Farm Bill. The hemp... Read more
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