Last summer, I wrote about Senate Bill 1459, a piece of California legislation that created a new scheme of provisional licenses for cannabis operators. This provisional licensing scheme was essentially intended to replace the temporary licensing scheme that only ran through January 1, 2019 per state law. SB-1459 was necessary because the three main state cannabis…
Six years after it was initially introduced, the House Financial Services Committee released the latest draft legislation that would create a “safe harbor” for banks to serve the rapidly expanding cannabis industry on February 7, 2019. Entitled the “Secure and Fair Enforcement Banking Act of 2019” (or, the “SAFE Banking Act of 2019”), the bill…
Every day, our Government Relations team is keeping our finger on the pulse of what’s happening on the Hill and how it affects our industry. In this case, we have important news from D.C. about movement to fix the banking crisis faced by cannabis industry operators. Watch this video... Read more
As our readers saw in last week’s blog, this month has been a milestone for cannabis banking reform. Earlier this month, the Subcommittee on Consumer Protection and Financial Institutions held its first ever hearing on marijuana and financial services, entitled: Challenges and Solutions: Access to Banking Services for Cannabis-Related... Read more
San Francisco District Attorney George Gascón announced Monday that his office will wipe out more than 9,000 marijuana-related convictions in an unprecedented step following California’s cannabis legalization more than two years ago. Gascón last year teamed up with Code for America — a nonprofit focused on using open-source technology... Read more
NEW KENSINGTON, Pa.–(BUSINESS WIRE)– Cresco Labs (CSE:CL) (OTC:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced the opening of a CY+ dispensary in New Kensington, Pennsylvania. To commemorate the opening, Cresco welcomed Pennsylvania Lieutenant Governor John Fetterman to... Read more
A Colorado CBD company seeking the release of hemp seized in Idaho has been granted an appeal from a federal court, but it could be months before the case is resolved. Big Sky Scientific said that nearly 7,000 pounds of industrial hemp seized in Idaho last month was taken unlawfully under... Read more
Ryan Allway February 26th, 2019 Vaporizers have become ubiquitous across many parts of the country. You can’t walk more than ten minutes in Los Angeles or Denver without coming across someone vaping on the sidewalk. Not surprisingly, the market for vaporizers is projected to exceed $60 billion by 2025,... Read more
North Dakota’s highest court has decided not to rule on the legality of hemp-derived CBD, upholding a drug conviction for a vape-shop owner who sold CBD. The court said that the retailer, Falesteni A. Abu Hamda, should have made his CBD argument earlier instead of accepting the state’s case against... Read more
A California hemp seed company and a traditional agriculture biotech firm have been tapped to breed improved industrial hemp cultivars for California. California Hemp Corp., based in Oakdale, and Benson Hill Biosystems, a Missouri crop-improvement company, have partnered in a sponsored research agreement with the University of California, Davis (UC... Read more
