North Dakota’s Senate overwhelmingly defeated a bill to legalize recreational marijuana, ending reform efforts in that state for the year. The Senate defeated House Bill 1420 by a 37-10 vote after only 30 minutes of debate, according to the Bismarck Tr…
Author: Solomon Israel
New York lawmakers, governor agree on recreational cannabis legalization bill
New York is poised to legalize a nearly $2.5 billion-a-year recreational cannabis market after legislative leaders on Wednesday agreed on the program’s framework with Gov. Andrew Cuomo. Retail sales could begin as soon as a year after the legislation i…
Maryland adult-use marijuana legalization effort fails for this year
Adult-use marijuana legalization in Maryland must wait at least a year after bills failed to meet Monday’s “crossover” deadline for passing one legislative chamber and being sent to the other. “Sponsors (now) are working on amendments to set the …
Colorado enacts law to support minority marijuana entrepreneurs
Colorado Gov. Jared Polis signed a measure with initial funding of $4 million that will provide loans, grants and technical assistance to social equity marijuana licensees. Lawmakers previously passed the bill, SB21-111, by a vote of 19-15 in the Senat…
Recreational marijuana legalization bill stalls in New Mexico, but could head for special session
New Mexico lawmakers postponed a Senate floor vote on a recreational marijuana legalization bill as the regular legislative session ended Saturday, but the measure may be headed to a special session. Lawmakers didn’t make the Saturday noon deadline for…
OK federal judge tosses marijuana residency suit, but issue unresolved
A federal judge in Oklahoma rejected a lawsuit challenging the state’s residency requirement for medical marijuana business owners, but the decision doesn’t resolve the issue. U.S. District Judge Stephen Friot based his March 17 decision on the federal…
$1.9 trillion coronavirus stimulus package offers marijuana-related firms more options for financial help
Cannabis-related firms again face hurdles in qualifying for financial relief under the newly enacted $1.9 trillion coronavirus stimulus package, but the door has opened wider for hard-hit companies, especially small and economically disadvantaged busin…
US House will again consider cannabis banking reform
A cannabis banking reform bill was reintroduced in the U.S. House of Representatives on Thursday, according to congressional staffers.
US House will again consider cannabis banking reform is a post from: Marijuana Business Daily: Financial, Legal &…
Missouri revokes licenses of overdue medical cannabis operators
Missouri medical cannabis regulators are revoking the licenses of some businesses that haven’t met their one-year cutoffs to open and didn’t receive extensions. Permits revoked so far include a handful of marijuana manufacturing, transport and testing …
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…