Banking associations from 49 states and Puerto Rico sent a letter to the chairman and ranking member of the Senate Banking Committee on Friday, imploring them to advance a bill protecting financial institutions that service state-legal marijuana businesses. In the letter to Sens. Mike Crapo (R-ID) and Sherrod Brown... Read more
The Food and Drug Administration (FDA) issued an update to Congress this week on the status of rulemaking for CBD. While the process remains ongoing, the agency announced that it is actively exploring pathways to allow for the marketing of cannabidiol as a dietary supplement and is developing enforcement... Read more
Despite the president’s recent assertions that the government would not be legalizing recreational marijuana, legislation that would do just that passed out of Mexican Senate committees yesterday. Their vote came down to 26 senators in favor and eight opposed, with six abstaining. Should the legislation receive final approval, Mexico... Read more
A bill filed in the Louisiana legislature would empower local governments in the state to hold elections on marijuana laws. The legislation, filed by Democratic state Rep. Cedric Glover, would “authorize local governing authorities of the state to call an election for the purpose of authorizing the sale, possession,... Read more
$74.2 million. That is how much Illinois’ nascent recreational marijuana market has brought in during the first two months of operations, a figure that shows steady demand so far. In January, the first month weed was sold legally for recreational use, the Illinois Department of Financial and Professional Regulation... Read more
The Food and Drug Administration (FDA) issued an update to Congress this week on the status of rulemaking for CBD. While the process remains ongoing, the agency announced that it is actively exploring pathways to allow for the marketing of cannabidiol as a dietary supplement and is developing enforcement... Read more
The Food and Drug Administration (FDA) issued an update to Congress this week on the status of rulemaking for CBD. While the process remains ongoing, the agency announced that it is actively exploring pathways to allow for the marketing of cannabidiol as a dietary supplement and is developing enforcement... Read more
The Food and Drug Administration (FDA) issued an update to Congress this week on the status of rulemaking for CBD. While the process remains ongoing, the agency announced that it is actively exploring pathways to allow for the marketing of cannabidiol as a dietary supplement and is developing enforcement... Read more
Canadian cannabis producer Canopy Growth announced on Wednesday afternoon that it would close two of its cultivation facilities in British Columbia, a move that will lead to layoffs for approximately 500 employees. In what the company is describing as a “production optimization plan,” Canopy Growth will shut down greenhouse... Read more
After receiving final approval from state regulators on Thursday, Boston’s first recreational cannabis shop will open its doors to customers next week. The Massachusetts Cannabis Control Commission’s “commence operations” notice issued to Pure Oasis in the Grove Hall community of Dorchester will allow the retailer to open on Monday... Read more