Day: July 25, 2017 (Page 2)

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A group of five diverse plaintiffs have filed suit against the federal government and two Trump administration officials, claiming that marijuana’s status as a Schedule 1 narcotic is unconstitutional and should be changed. The 89-page lawsuit, filed in New York District Court, asks that the Controlled Substances Act of 1970 beContinue Reading

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The state-legal cannabis industry has a big problem — it can’t use traditional banking. That means dealing with the hassle and liability of large sums of cash has become a fact of life for market participants. Do digital currencies like Bitcoin and Ethereum represent a potential solution? That all depends onContinue Reading

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Almost a year after the Drug Enforcement Administration pledged to grant more licenses to grow marijuana for research purposes, the agency has yet to authorize any such applications. The DEA has received at least 25 applications from those interested in growing cannabis for medical research, but none have been approved orContinue Reading