Business

A supermajority of Americans support ending federal restrictions that discourage banks and other financial institutions from servicing licensed cannabis businesses, according to national survey data released today by the American Bankers Association. The polling, provided by Morning Consult, finds that...

According to a new poll from the American Bankers Association, a large percent of Americans wants banks to work with marijuana companies. The survey asked two questions. Do you support or oppose allowing cannabis businesses to “access traditional banking...

Those who hold investments in cannabis-related stocks or businesses may be ineligible to receive a security clearance from the federal government, according to guidance provided by the White House and reported by Politico. A document shared with the news...

Here is NORML’s weekly update on state legislative activity. Highlighted Utah Legislation is currently pending, Senate Bill 195, expands qualifying conditions to include those experiencing acute pain that would otherwise be treated with opioids. Update: This week, the  bill passed the Senate and...

Over the last few months, there have been stories of California cannabis businesses finding it difficult to make a profit with the amount they have to pay back in taxes. California has become the most profitable state for marijuana,...

As more states transition from marijuana criminalization to a regulated retail marketplace, struggles over the structure of retail sales markets have become a foremost concern. Inabilities in establishing and enacting clear and timely regulations regarding the application and acceptance...

There are currently  three ballot initiatives and dozens of marijuana-related bills pending in Oklahoma. Oklahomans for Responsible Cannabis Action (ORCA), the same group responsible for drafting the successful 2018 medical initiative, is seeking to place two initiatives on the ballot...

A majority of the US House of Representatives today passed The America COMPETES Act of 2022, which includes the provisions of the Secure and Fair Enforcement (SAFE) Banking Act. This vote marks the sixth time that members of the House have...

During November of 2021, armored cars were carrying over $700,000 in cash belonging to licensed marijuana dispensaries. These armored cars were pulled over and searched by local law enforcement, leading to them seizing every dollar. A few weeks later...

Governor Kathy Hochul is trying to lead the country by example through a new program that would garner $200 million specifically to promote social equity when handling licenses. There have been no licenses granted yet in the road to a...