Monday, July 4, 2022

Business

White House: Investing in Cannabis Stocks Could Jeopardize Federal Security Clearance Status

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...

State Policy Weekly Update 2/25/2022

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...

In Overly Expensive California, San Diego takes a step back

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,...

Retail Licensing Delays and Emerging Social Equity Concerns in New Jersey, New York, and Connecticut

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...

What’s the Future of Marijuana Legalization in Oklahoma?

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...

House Advances SAFE Banking Act as Part of the America COMPETES Act

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...

Over $1 Million Seized by San Bernardino Sherrif’s Department from Legal Cannabis Businesses

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...

New York is promising $200 million for marijuana social equity

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...

More than 400 towns in New York have “opt-out” of marijuana dispensaries

With New York legalizing marijuana early this year, many were excited for the coming wave of dispensaries littered around the state. As of legalization, local towns and villages were given the option to opt-out of hosting dispensaries or on-site...

SAFE Banking Language Not Included In Final NDAA Package

Despite being previously approved by the US House of Representatives, provisions of the Secure and Fair Enforcement (SAFE) Banking Act — which allows state-licensed marijuana-related businesses to engage freely in relationships with banks and other financial institutions — will...
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We Stand for Freedom

At NORML we stand for freedom, not just today, but every day. Despite all our progress, hundreds of thousands of...
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