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What does the SAFE Banking Act Mean for the Cannabis Industry?

What does the SAFE Banking Act Mean for the Cannabis Industry?

Cannabis in the News, Cannabis Law, Cannabis Market, Cannabis Normalization, Legislation

What does the SAFE Banking Act Mean for the Cannabis Industry? One of the main changes on the horizon that many in the cannabis industry are eagerly anticipating is the passing into federal law of the SAFE Banking Act, which seems more likely now that it made it...
The Impact of Federal Legalization on the Cannabis Industry

The Impact of Federal Legalization on the Cannabis Industry

Cannabis in the News, Cannabis Law, Cannabis Legislation, Cannabis Market, Legalization, Legislation

The Impact of Federal Legalization on the Cannabis Industry Both Colorado and Washington voted to legalize recreational consumption of cannabis back in 2012. Several states followed in the 2016 election and several more in the recent November 2020 presidential...
Boston Braces for Colossal Crowds as First Cannabis Dispensary Opens

Boston Braces for Colossal Crowds as First Cannabis Dispensary Opens

Cannabis in the News, Cannabis Market, Legislation

Boston Braces for Colossal Crowds as First Cannabis Dispensary Opens BOSTON (AP) — The first recreational marijuana shop opened Monday in Boston, where owners are bracing for large crowds. Pure Oasis owners Kobie Evans and Kevin Hart say they’re preparing for up to...
Bill to End Federal Cannabis Prohibition to Enter Judiciary Committee

Bill to End Federal Cannabis Prohibition to Enter Judiciary Committee

Cannabis in the News, Cannabis Law, Cannabis Legislation, Cannabis Normalization, Legalization, Legislation

Bill to End Federal Cannabis Prohibition to Enter Judiciary Committee A bill to end the federal prohibition of cannabis and remove it from the Controlled Substances Act (CSA) is set to enter the Judiciary Committee for a vote this week. The Marijuana Opportunity...
Bernie Sanders Debuts Presidential National Cannabis Legalization Plan at 4:20pm

Bernie Sanders Debuts Presidential National Cannabis Legalization Plan at 4:20pm

Cannabis in the News, Cannabis Law, Cannabis Legislation, Cannabis Market, Legalization, Legislation

Bernie Sanders Debuts Presidential National Cannabis Legalization Plan at 4:20pm Potential presidential candidate for the Democratic party, Bernie Sanders, announced his presidential cannabis legalization plan today at the well-known, cultural cannabis use time of...
Recreational Cannabis in Arizona Finds Alternative Initiative by New Cannabis Group

Recreational Cannabis in Arizona Finds Alternative Initiative by New Cannabis Group

Cannabis in the News, Cannabis Law, Cannabis Legislation, Legalization, Legislation

Recreational Cannabis in Arizona Finds Alternative Initiative by New Cannabis Group The current state of recreational cannabis in Arizona is more than simple – It’s not legal yet. However, the legalization, specifically the language of the legalization legislation, is...
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Risk of Prosecution for Marijuana-Related Companies.  If you are considering investing in a company that is connected to the marijuana industry, be aware that marijuana-related companies may be at risk of federal, and perhaps state, criminal prosecution.  The Department of Treasury recently issued guidance noting: “ The Controlled Substances Act (“CSA”) makes it illegal under federal law to manufacture, distribute, or dispense marijuana.  Many states impose and enforce similar prohibitions.  Notwithstanding the federal ban, as of the date of this guidance, 20 states and the District of Columbia have legalized certain marijuana-related activity.”

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