New Hampshire Senate Rejects House-Passed Marijuana Legalization Bill

The New Hampshire Senate has rejected a House-passed bill to legalize marijuana. Just two days after receiving an unfavorable recommendation from the Senate Judiciary Committee, the full chamber defeated the measure in a 14-10 vote on Thursday. Following the committee vote on Tuesday, Senate Majority Leader Sharon Carson (R) predicted that the legislation from bipartisan […]

Schumer, Booker And Wyden Renew Call For Marijuana Expungements To Be Added To Banking Bill Following Committee Hearing

Senate Majority Leader Chuck Schumer (D-NY) and two top colleagues said on Thursday that they will be working to add marijuana expungements legislation to a cannabis banking bill that had just been discussed in a committee hearing. Schumer, along with Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ), released a joint […]

Safe Harbor, New York institution create marijuana banking partnership

Cannabis industry financial services company Safe Harbor Financial announced a marijuana business banking partnership with Five Star Bank. Any financial terms of the deal between the Colorado- and New York-based companies were not disclosed. ADVERTISEMENT “Backed by Five Star Bank’s ability to dedicate up to $1 billion in deposit capacity through its relationship with Safe […]

Top Wisconsin Senator Talks Marijuana Legalization Fight Amid GOP Opposition

Wisconsin’s Democratic Senate minority leader keeps a U.S. map in her office, color-coded to show the status of state marijuana laws around the country. Lately, that map has been growing greener and greener—but not in Wisconsin itself, where the GOP-controlled legislature has resisted even incremental reform. With Minnesota lawmakers next door poised to send a […]

TTAB Denies Registration of Bakked Trademarks

In a precedential decision, the Trademark Trial and Appeal Board (“TTAB”) affirmed an examining attorney’s refusal to register two “Bakked” trademarks by deeming the goods to be illegal drug paraphernalia under the Controlled Substances Act (the “CSA”) and deciding the two exemptions of the CSA did not apply. The Bakked trademark applications National Concessions Group […]

U.S. Senate Committee Holds Marijuana Banking Hearing

A key U.S. Senate committee convened on Thursday to discuss marijuana banking issues and bipartisan legislation that seeks to resolve the industry’s unique financial challenges. Members of the Senate Banking Committee didn’t take any votes at the hearing, which was titled “Examining Cannabis Banking Challenges of Small Businesses and Workers,” but a focal point was […]

Connecticut House Approves Psilocybin Decriminalization Bill, Sending It To Senate

The Connecticut House of Representatives has approved a bill to decriminalize possession of psilocybin mushrooms, sending it to the Senate. The legislation—which was introduced by the Judiciary Committee and cleared that panel in March—passed the House in an 86-64 vote on Wednesday. Under the measure, possession of up to half an ounce of psilocybin would […]

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