Congress Takes Action on Cannabis | Cannabis Legalization News | Safe Banking Updates
Congress Takes Action on Cannabis. As Congress continues to debate the legalization of marijuana, many are wondering what effect this will have on the cannabis industry. While there are still many hurdles to overcome, Congress is taking action on cannabis and it is clear that they are taking the issue seriously. One of the biggest […]
New Mexico Court Says Medical Cannabis is Like Any Other Medicine
New Mexico Supreme Court Determines Medical Cannabis Purchases Are Not Subject to Tax. The New Mexico Supreme Court has determined that medical cannabis purchases should be treated like any other medication and not have been subject to New Mexico Gross Receipts Tax. Ultra Health, a New Mexico cannabis company, submitted an Amicus Brief to the […]
Illinois Pushing Back on Cannabis for Social Equity… They Say
Illinois cannabis MSOs are pushing back against a proposed , according to a recent report. The Cannabis Business Association of Illinois (CBAI) has formally decided to oppose SB3105, which would allow craft growers to nearly triple the size of their footprint. This would give social equity-owned craft cultivators a better chance to compete in the […]
Biden Administration says No to Pot Stocks and Employment
Biden against investing in marijuana companies. The Biden administration is expanding its employee conduct guidelines to potentially deny security clearance to individuals who have invested in companies that are involved in the marijuana business. This means that investing in weed companies may no longer be the only potential impediment to getting a job with security […]
Oklahoma Conducts Massive Raids in Cannabis Market, While Kentucky Wants Full Legalization
Oklahoma drug enforcement officers conducted a massive raid of nine marijuana grows operations across the state early Tuesday, targeting criminal organizations that are believed to have transported black market cannabis out of state. The Oklahoma Bureau of Narcotics led the multi-agency operation with more than 200 states, federal, and local law enforcement officers executing search […]
You Won’t Believe How Little Cannabis Put Him Away for Life | CLN
Man Serving Life In Prison for $20 Cannabis Sale Gets Chance at Freedom Under New Louisiana Law In a recent development, Kevin O’Brien Allen, a 39-year-old Louisiana man who is serving life in prison without parole after being arrested for selling $20 worth of cannabis to a police informant, has been given a chance at […]
Amazon allows staff fired during marijuana screening process to reapply for jobs.
Amazon allows staff fired during marijuana screening process to reapply for jobs. According to CNBC, Amazon HR chief Beth Galetti said in a blog post on Tuesday that the corporation had “reinstated employment eligibility” for former workers and applicants who were dismissed or delayed after random or pre-employment marijuana testing. Amazon said in June that […]
California Cannabis Bill on Smokable Hemp, CBD Foods And Cannabis Use in Hospitals Head to Governor’s Desk
This week we got some good news from California, where advocates scored a few victories in the state legislature. Also, activists have been trying for a long time to make these amendments in the legislature to help patients hospitalized and who need to use marijuana for medical reasons through the California cannabis bill. [yotuwp type=”videos” […]
Federal Cannabis Legalization News: February 2021
To get a full recap, watch the video. In this video we discuss ; Senator Presses Biden Treasury Nominee On Marijuana As House Omits Banking Protections In COVID Bill (Marijuana Moment), Biden AG Pick Restates Pledge To Respect State Marijuana Laws, In Writing (Marijuana Moment) Past marijuana use won’t automatically disqualify Biden White House staff […]
Jay-Z was part of the largest cannabis SPAC. What’s a SPAC?
We had Michael Auerbach, founder of Subversive Capital and proxy The Parent Company, Jay-Z’s latest business venture on the show. Buzzwords like SPACs, blockchain, and equity are thrown around like dollars in a strip club but, what are SPACs (Special Purpose Acquisition Company), and how do they represent societal inequity? In our conversation, I learned […]