Cannabis advocates are pushing for marijuana businesses to be included in the next round of federal coronavirus relief. Over the last week, several lawmakers and lobbyists have penned letters to state and federal officials urging them to extend aid to cannabis businesses as part of a phase four stimulus package.
Recreational cannabis dispensaries across Massachusetts have been forced to close their doors after Governor Charlie Baker issued an emergency order requiring all “non-essential” businesses to shutter until April 7, 2020 because of the coronavirus pandemic.
Vermont is poised to become the 11th U.S. state with a fully-legal commercial cannabis market. Earlier today, the Vermont House of Representatives gave its final approval to S. 54, a bill that would legalize, regulate, and tax adult-use cannabis sales for individuals 21 years and older. The final go-ahead comes one day after one day after the House voted 90-54 in favor of the bill.
On Monday, the Vermont House Appropriations Committee narrowly advanced a bill (S. 54) by a vote of 6-5 that would legalize, regulate and tax adult-use cannabis sales for individuals 21 years and older. A full House vote on S. 54 is expected later this week.
THCnet sat down with Andrew Kline, the National Cannabis Industry Association's director of public policy, during this week's Northeast Cannabis Business Conference to get his take on a myriad of issues -- including the chances of rescheduling cannabis, the timeline for legalization and how the NCIA approaches its lobbying efforts in Washington D.C.
Sen. Mike Crapo’s inbox is overflowing. Over the last month, the republican from Idaho -- who serves as the chairman of the Senate Banking Committee -- has received several letters concerning the Secure and Fair Enforcement (SAFE) Banking Act, which would protect financial institutions working with state-approved cannabis companies.
Here's the latest batch of cannabis legislation news at the state level: Virginia is on the verge of eliminating the threat of jail time for possessing small amounts of marijuana, and the Kentucky House of Representatives appears poised to pass a bill legalizing medical marijuana. Meanwhile, a Senate Judiciary Committee in New Mexico has tabled a bill that would have legalized recreational sales.
2019 was a bit of a mixed bag for the North American marijuana market as companies had to battle through a nationwide vaping crisis, plummeting stock prices and a barrage of other headwinds. Nevertheless, there were plenty of reasons for cannabis entrepreneurs and executives to feel optimistic heading into 2020. Here are 3 storylines to keep an eye on as the new year gets underway.
2019 was a rather tumultuous year for North American cannabis companies. In spite of some of the negative storylines that seemed to plague the industry, there were plenty of reasons to remain optimistic about the future growth of the marijuana market. Here are a few of the headlines that defined the last year in cannabis.
A coalition of cannabis lobbyists has turned up the heat on Senate Banking Committee Chairman Mike Crapo (R-ID), calling on the Senator to advance a bill that would protect financial institutions working with state-approved marijuana operations. In a joint letter penned by 33 federal and state cannabis industry groups, Sen. Crapo was urged to pass the Senate version of the SAFE Banking Act.