Washington Lawmakers Pass Bill To Prevent Drug Decriminalization, With Governor Immediately Signing

“Over and over again we’ve heard that any solution we’ve proposed needs to put treatment options in front, I believe this…amendment does that.” The Washington Legislature on Tuesday passed a new law to create a gross misdemeanor penalty for drug possession and to build out substance-use treatment programs, marking the end of a tortured two-year […]

New California cannabis coalition aims to tackle credit crisis

A large group of California cannabis companies have formed a coalition to raise awareness and provide solutions to mitigate a credit crisis that has threatened to upend the local marijuana industry. Dozens of cannabis brands, wholesalers and producers Tuesday launched Financial Stability for California Cannabis (FSCC) as part of an ongoing effort to confront the […]

Canada gov’t pulled in CA$1.5 billion in marijuana tax, profit in 2021-22

Various levels of the Canadian government collected more than 1.5 billion Canadian dollars ($1.12 billion) in cannabis profit and tax revenue in fiscal 2021-22, according to recently released data by Statistics Canada. ADVERTISEMENT For the financial year ended in March 2022, total net income from province-owned cannabis businesses, plus total taxes and other revenue, equaled […]

Jamaica’s JMCC makes deeper EU push with cannabis purchase in Malta

Jamaican Medical Cannabis Corp. (JMCC), a Toronto- and Jamaica-based business, has acquired the EU-GMP-certified medical cannabis production facility and other assets in Malta of Materia Ventures, a European-focused supply and distribution company for cannabis and CBD products. No acquisition price was disclosed by the privately owned businesses. ADVERTISEMENT The Malta unit will be renamed JMCC […]

Minnesota adult-use marijuana legalization possible ‘this week’

Adult-use marijuana legalization could become a reality in Minnesota as early as this week after state lawmakers agreed on final details in a conference committee Tuesday. Licensed adult-use sales, however, will likely have to wait until summer 2024. ADVERTISEMENT UPDATE: The marijuana bill is completed and “locked,” according to one sponsor. Conference committee has approved […]

Negotiators finalize details of bill to legalize recreational marijuana in Minnesota

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Senator Pushes Marijuana Banking Bill Amendment To Provide Industry Access To Small Business Administration Services

A Democratic senator says that she wants to see a bipartisan marijuana banking bill amended to include provisions that would allow cannabis businesses to access federal Small Business Administration (SBA) services. Sen. Jacky Rosen (D-NV) said on Tuesday that lawmakers “must fully support legally-operating cannabis small businesses, & that means giving them access to [SBA] […]

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