Legalization news and trends

Cannabis Bill Backer Sees New Hope For Passage
Banking // July 26, 2022

The main sponsor of a law that would protect banks that do business with cannabis companies from the penalties of federal regulators said there’s new hope for the bill. As Seeking Alpha reported Tuesday, Rep. Ed Perlmutter (D-Colo.), who has for years championed the SAFE...

Cannabis Firms See Prices Rise Ahead of Senate Hearing on Decriminalization
Regulation // July 20, 2022

American and Canadian cannabis companies saw their stocks rise Wednesday (July 20) ahead of a U.S. Senate hearing on possible federal marijuana decriminalization. According to published reports, the Senate Judiciary Subcommittee on Crime and Terrorism, led by Sen. Cory Booker (D-NJ), is expected to meet...

House Committee Passes Bill To End Federal Marijuana Prohibition
Politics // November 21, 2019

The House Judiciary Committee passed a bill that would effectively make marijuana legal, the National Cannabis Industry Association (NCIA) announced in a press release on Wednesday (Nov. 20). The Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019 passed by a count of 24-10. The...

Cannabis Drinks To Be On Tap In Canada This December
Regulation // June 18, 2019

A cannabis joint venture plans to start selling different types of marijuana-infused beverages in Canada this year. The maker of Coors Light has partnered with Quebec-based Hexo Corp. to create various non-alcoholic, cannabis-infused drinks that will hit the Canadian market on the first day they...

Quick Reads
Cannabis Businesses Find Themselves Cut Off From Banking System

April 02, 2024
More than half of all Americans live in a state that has legalized marijuana. All the same, legitimate cannabis businesses still find themselves dealing with the same problem as drug dealers operating outside the law: what to do with all their cash. As the Wall Street Journal (WSJ) reported Monday (April 1), that’s because while […]

Cannabis Bill Backer Sees New Hope For Passage

July 26, 2022
The main sponsor of a law that would protect banks that do business with cannabis companies from the penalties of federal regulators said there’s new hope for the bill. As...

Cannabis Firms See Prices Rise Ahead of Senate Hearing on Decriminalization

July 20, 2022
American and Canadian cannabis companies saw their stocks rise Wednesday (July 20) ahead of a U.S. Senate hearing on possible federal marijuana decriminalization. According to published reports, the Senate Judiciary...

House Committee Passes Bill To End Federal Marijuana Prohibition

November 21, 2019
The House Judiciary Committee passed a bill that would effectively make marijuana legal, the National Cannabis Industry Association (NCIA) announced in a press release on Wednesday (Nov. 20). The Marijuana...