New era for pot regulation leaves old problem: Many Cannabis companies can’t find a bank Image Cannabis News May 1, 2024 Biden Administration’s Marijuana Reclassification: A Monumental Shift with Limited Impact on Cannabis Banking. The Biden administration’s move to reclassify marijuana as a less dangerous but still controlled drug wasContinue Reading
Cookies Announces Intent to Acquire Cookies-Related Florida Licensed Cannabis Assets Image Cannabis News May 1, 2024 Strategic Move Represents an Important Step in Executing Corporate Strategy Through Centralized Command and Control of Cookies Supply Chain Cookies, the most globally recognized cannabis company, today announced its intention to acquire all operationalContinue Reading
The Cannabis Industry Hopes for New Highs Image Cannabis News May 1, 2024 Implications of the Justice Department’s Recommendation on Marijuana Rescheduling. The Justice Department’s recommendation that restrictions on marijuana be lifted have revived expectations for a business that has waited years for such a change. A flicker of hopeContinue Reading
Marijuana Rescheduling is Here: How this Decision Will Impact Cannabis Businesses Image Cannabis News May 1, 2024 Key Insights and Implications of the DEA’s Monumental Decision. After fifty years, the federal government finally acknowledged that marijuana has medical value and is not as dangerous as heroin. As first reported byContinue Reading
“The lack of knowledge, control, agency or decision-making demonstrated by the individual used to meet eligibility does not meet even the most liberal understanding of owning and operating a business.” By Rebecca Rivas, Missouri Independent Two Missouri social-equity licensees connected to a Michigan company that used Craigslist to recruit applicantsContinue Reading
DEA’s Move Represents ‘Progress But Not Justice’ Image Cannabis News May 1, 2024 DEA Proposes Landmark Rescheduling of Cannabis: What It Means for Justice Reform. This week the Drug Enforcement Administration (DEA) has reportedly called for cannabis to be reclassified from Schedule I to Schedule III of the US ControlledContinue Reading
DEA Plans Historic Shift: Marijuana Reclassification Imminent Image Cannabis News May 1, 2024 DEA Set to Reclassify Marijuana, Recognizing Medical Uses and Lower Abuse Potential. The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, the Associated Press reported on Tuesday early afternoon, calling itContinue Reading
During a congressional hearing on Chinese money laundering and “cleaning cartel cash” on Tuesday—a meeting that focused mostly on the topic of fentanyl—Sen. Chuck Grassley (R-IA) spoke out against a congressional bill that would ease access to banking services for state-legal marijuana businesses, pointing to a deadly 2022 shooting atContinue Reading
Top Ohio Republican lawmakers say plans are still in the works to amend the state’s marijuana legalization law, with the Senate president setting a June target as regulators work to develop rules and launch an adult-use market. It remains unclear what that future cannabis legislation will look like, but leadershipContinue Reading
Xzibit just made history opening the first and only licensed cannabis store and delivery service in Bel-Air. Aptly titled Xzibit’s West Coast Cannabis (XWCC), this new retail store sits beautifully at 641 N Sepulveda Blvd in Los Angeles, taking over the second floor in true West Coast fashion. For thoseContinue Reading
