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6 days ago

Credit Union Assocations Push Congress To Pass Cannabis Banking Reform

A group of associations representing American credit unions recently submitted a letter to Congress urging members to pass critical cannabis banking reform legislation. The move is just one in a series of initiatives that aim to protect financial institutions that work with state-legal cannabis businesses from being penalized by federal regulators. Because of cannabis’ status…

3 weeks ago

Connecticut Prepares To Launch Recreational Cannabis Market in 2022

Connecticut’s recreational cannabis market is gearing up for its expected launch in spring of 2022, MJBizDaily reports. Sales from the program are projected to bring in $250 million in the first year and $750 million by the fourth year. Despite a flurry of recent developments in New York’s adult-use market, Connecticut’s market is expected to…

4 weeks ago

Congress Passes Bill Allowing Researchers To Study Commercial Cannabis

The U.S. House of Representatives approved a bill on Friday that will allow researchers to study commercial cannabis sold in state-legal dispensaries instead of having to depend on government-grown cannabis, Marijuana Moment reports. The move comes after a University of Northern Colorado study revealed that federal research-grade cannabis is genetically closer to hemp, which only…

2 months ago

Weekly Cannabis Roundup October 22

Most New Yorkers can now safely indulge in cannabis without fear of being fired, Bank of America is under fire for closing the account of an authorized cannabis research institute, and proposed legislation could help Washington, D.C. finally see recreational cannabis sales. Let’s dive into this week’s cannanews. NY Employers Can No Longer Screen Most…

2 months ago

U.S. Senators Urge DOJ To Decriminalize Cannabis

United States Sens. Cory Booker (D-NJ) and Elizabeth Warren (D-Mass.) have teamed up for cannabis reform. On Oct. 6, the senators sent a letter urging the Department of Justice (DOJ) to decriminalize cannabis at the federal level. Specifically, the senators called on the U.S. attorney general, Merrick Garland, who has the right to remove substances…