US House will again consider cannabis banking reform
A cannabis banking reform bill will be reintroduced in the U.S. House of Representatives on Thursday, industry officials reported.
The House passed the Secure and Fair Enforcement (SAFE) Banking Act by a bipartisan vote of 321-103 in September 2019,...
Regulators crack down on Michigan credit union’s marijuana banking
An independent federal agency cited a Michigan credit union for failing to comply with marijuana banking regulations and ordered the financial institution to stop opening new cannabis accounts.
American Banker reported that the case involving Live Life Federal Credit...
Ohio high court orders state to act on medical marijuana cultivation expansion
The Ohio Supreme Court told state regulators that they can’t just ignore applications to expand medical marijuana cultivation facilities.
In an eight-page decision, Ohio’s highest court ordered regulators to either approve or deny Fire Rock’s application in February 2020...
New Rhode Island governor pitches adult-use cannabis legalization plan
Rhode Island Gov. Dan McKee wants to legalize adult-use cannabis, proposing a program that would issue 25 retail licenses a year with a market launch in April 2022.
McKee, a Democrat who included the proposal as part of his...
Hundreds in Arizona spend $25,000 each to enter cannabis license lottery
Nearly 400 hopeful cannabis entrepreneurs ponied up $25,000 apiece for a shot at an upcoming business license lottery, which will determine the winners of 13 new permits.
According to the Arizona Republic, the state Department of Health Services received...
Efforts to stall South Dakota medical marijuana program fizzle
A voter-approved medical marijuana program likely will be implemented in South Dakota as scheduled after efforts to stymie the program failed.
Gov. Kristi Noem and the majority of lawmakers from both chambers wanted to delay legalization and develop regulations,...
Mississippi lawmakers kill bill to create alternative medical marijuana program
The Mississippi House killed a Senate bill that would have created a legislative alternative to the medical marijuana program the state’s voters resoundingly approved in November.
The move by the House on Wednesday puts the fate of Mississippi’s medical...
Garland’s confirmation as attorney general could change feds’ marijuana views
President Joe Biden’s pick for U.S. attorney general, Merrick Garland, was confirmed easily by a 70-30 vote in the Senate on Wednesday, a development that was cautiously hailed by two marijuana advocacy groups.
The belief is that Garland’s confirmation...
Detroit sued over locals-preferred cannabis licensing rule
An aspiring cannabis business owner who says she has lived in or around Detroit most of her life is suing the city for allegedly discriminating against marijuana business license applicants who don’t meet the definition of who qualifies...
California judge rules shuttered cannabis testing lab can reopen
A California Superior Court judge ruled that a cannabis testing lab can reopen immediately after having to close in January because regulators revoked its license.
Judge Frank Roesch wrote in his ruling late Thursday that the state Bureau of...