Business

Democratic Gov. Tim Walz signed legislation into law today making Minnesota the 23rd state to legalize and regulate the adult-use marijuana market. “This victory is especially satisfying,” said NORML’s Deputy Director Paul Armentano. “The passage of this law is the...

Members of the U.S. Senate Committee of Banking, Housing, and Urban Affairs must move swiftly to advance legislation normalizing relations between state-licensed cannabis businesses and financial institutions. The advancement of the SAFE Banking Act is crucial to the health and...

Marijuana reform legislation advances in several states. This week’s update highlights legislative developments in Louisiana, Maine, Maryland, Minnesota, Montana, Nevada, New Hampshire, New York, Ohio, Pennsylvania, and Rhode Island.  LEGALIZATION Ohio House Bill 168 creates a regulated market for the adult use...

Federal law enforcement agents and their partners seized nearly 5.7 million cultivated marijuana plants in 2022, according to annual data compiled by the US Drug Enforcement Administration.  According to figures published in the DEA’s Domestic Cannabis Eradication/Suppression Program Statistical Report, agents...

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in California, Louisiana, Maryland, Minnesota, New Hampshire, and Vermont LEGALIZATION Minnesota  UPDATE: HF 100 passed the House 71 to 59. SF 73 passed the Senate 34 to...

Lawmakers have resolved differences between House-backed and Senate-backed marijuana legalization measures. The finalized measure now goes back to both chambers for floor votes, which could take place as soon as tomorrow. Lawmakers will need to act quickly as the...

Current federal tax policies are causing legal-market operators to become unprofitable, and these businesses are unlikely to find relief absent substantive legislative changes being made at a federal level. That’s the conclusion of a new study published by the...

Members of the US Senate Committee on Banking, Housing, and Urban Affairs will hear testimony tomorrow regarding S. 1323: the Secure and Fair Enforcement (SAFE) Banking Act, which seeks to normalize relations between state-licensed cannabis businesses and financial institutions....

Marijuana reform legislation continues to advance in several states. This week’s update highlights legislative developments in Florida, Maine, Maryland, Missouri, Nevada, New Hampshire, Ohio, Pennsylvania, Vermont, and Washington.  LEGALIZATION New Hampshire  UPDATE: HB 639 and HB 360 were both previously passed members...

The United States government collected over $1.8 Billion in federal taxes in 2022 from cannabis. Compared to many other sectors in the states, this number is staggering. This excess is also forecasted to increase by another $300 million by...