Government
Federal Regulators Testify Before House Subcommittee, Answer Questions Surrounding Lack of Marijuana Research
Federal Regulators Testify Before House Subcommittee, Answer Questions Surrounding Lack of Marijuana Research

U.S. lawmakers convened Wednesday to discuss the future of federal cannabis legalization and to question leaders from three government agencies tasked with researching and enforcing America’s drug policies. The session was hosted by the U.S. House of Representatives’ Energy and Commerce Subcommittee on Health, and billed as an chance to examine six pieces of federal marijuana legislation.

Montana Marijuana Advocates Aim to Legalize Adult-Use Sales in 2020
Montana Marijuana Advocates Aim to Legalize Adult-Use Sales in 2020

Marijuana advocates in Montana have submitted a pair of 2020 ballot initiatives to state officials that would legalize, regulate and tax cannabis. New Approach Montana is campaigning for a statutory initiative that would legalize adult-use cannabis sales, as well as a constitutional amendment that would allow individuals 21 years and older to purchase, consume or possess marijuana.

California Governor Gavin Newsom Aims to Streamline Cannabis Licensing, Tax Collection
California Governor Gavin Newsom Aims to Streamline Cannabis Licensing, Tax Collection

California Governor Gavin Newsom has drawn up plans to significantly alter how the state regulates its cannabis industry. Unveiled Friday as part of Newsom’s proposed 2020-21 budget, the changes include consolidating California’s three licensing agencies and changing the state’s cultivation and excise tax collection methods.

The Buzz: Congressional Hearing on Cannabis Set; MORE Act Moves Forward
The Buzz: Congressional Hearing on Cannabis Set; MORE Act Moves Forward

In this week’s edition of The Buzz: A congressional committee will meet next week to discuss “Cannabis Policies for the New Decade," the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act moved "one step closer to becoming the first bill to end cannabis prohibition to pass the House of Representatives," and New York Governor Andrew Cuomo vowed to legalize adult-use marijuana in 2020.

Cannabis Lobbyists Conduct Reddit ‘AMA,’ Offer Federal Legalization Predictions
Cannabis Lobbyists Conduct Reddit ‘AMA,’ Offer Federal Legalization Predictions

Leaders from the National Cannabis Industry Association (NCIA) took to Reddit on Wednesday to answer questions about the marijuana industry. Participating in an AMA (ask me anything) session with users on the popular news aggregator and discussion platform was NCIA director of government relations Michael Correia, as well as government relations managers Michelle Rutter and Maddy Grant.

South Dakotans to Vote on Cannabis Legalization in November
South Dakotans to Vote on Cannabis Legalization in November

Residents of South Dakota will get a chance to vote for the legalization of adult-use marijuana this November, Secretary of State Steve Barnett’s office announced Monday. According to a press release, Barnett validated and filed a petition that was submitted and would amend the South Dakota Constitution to “legalize, regulate, and tax marijuana.”

MedMen Hopes Divestments, New Capital Will Help Improve Profitability
MedMen Hopes Divestments, New Capital Will Help Improve Profitability

Los Angeles-based MedMen Enterprises will continue its cost-cutting efforts in the new year as it moves to sell three medical marijuana licenses in Arizona and one cultivation and manufacturing license in Illinois. The transactions are expected to generate a combined $54 million as the company works to improve its financial position in fiscal year 2020.

Cannabis Policy Experts Argue for Interstate Commerce at MJBizCon 2019
Cannabis Policy Experts Argue for Interstate Commerce at MJBizCon 2019

Speaking to cannabis industry professionals during a panel discussion at last week’s MJBizCon event in Las Vegas, Craft Cannabis Alliance founder Adam Smith made a strong case for the licensed transfer of cannabis between legal markets.

Federal Regulators Ease Banking Restrictions on Hemp Industry
Federal Regulators Ease Banking Restrictions on Hemp Industry

Federal and state regulators this week clarified rules around banking for hemp-related businesses, paving the way for more financial institutions to back growers and cultivators without filing burdensome paperwork.

Newly Formed Hemp Trade Group Hopes to Shape Federal Policy
Newly Formed Hemp Trade Group Hopes to Shape Federal Policy

A recently formed Washington D.C. trade association founded by a pair of Beltway veterans is hoping to be the voice of hemp industry stakeholders across the U.S. Launched by Chris Thorne and Scott Graves on October 30, the Hemp Federation of America is the brainchild of a small group of hemp farmers, processors and other farm services providers.

FDA: ‘CBD Has the Potential to Harm You’
FDA: ‘CBD Has the Potential to Harm You’

The U.S. Food and Drug Administration (FDA) wants cannabidiol (CBD) users to know that the popular additive found in everything from bath salts to beverages could be harmful. On Monday, the agency sent warning letters to 15 companies that it said were illegally selling products containing CBD

The Buzz: Michigan Issues First Recreational Licenses; 2 States Ban Products with Vitamin E Acetate
The Buzz: Michigan Issues First Recreational Licenses; 2 States Ban Products with Vitamin E Acetate

In this week’s edition of The Buzz: Michigan’s Marijuana Regulatory Agency issued the state’s first recreational licenses, Michigan and Washington banned vitamin E acetate, and New York’s Acreage Holdings announced plans to acquire New Jersey’s Compassionate Care Foundation.

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