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Attorney General Nominee Commits To Leave State-Legal Marijuana Programs Alone

NORML

In Senate testimony today, nominee for Attorney General William Barr committed to not use the limited resources of the Department of Justice to prosecute state-regulated and compliant marijuana businesses. The results of a 2017 nationwide Gallup poll similarly found majority support among all three groups.

Programs 277
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Businesses Need Bank Accounts; Marijuana Shops Included

NORML

Imagine operating a business without a bank account. Imagine being forbidden from letting your customers pay for purchases with a credit card, or being able to ask a bank for a small business loan. Furthermore, a total of 33 states have enacted policies to establish a regulated medical cannabis program.

Banking 210
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The Top Medical Cannabis Research of 2017

MGC Pharma

The Top Medical Cannabis Research of 2017 A word from Ron Lipsky, Manager of Business Development and International Relations at MGC Pharmaceuticals MGC Pharma is still riding off the success of 2017 as we progress into 2018, with many exciting developments on the horizon.

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Two Congressional Hearing Next Week On Marijuana

NORML

The first will be held on Wednesday, June 19th, in the Small Business Committee, entitled Unlocked Potential? Small Businesses in the Cannabis Industry. Ultimately, this prohibition on access to resources hampers the potential to create a robust and competitive marketplace for consumers.

Marijuana 276
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The STATES Act Reintroduced: Bipartisan Measure Limits Federal Government’s Ability To Interfere With State-Sanctioned Marijuana Business, Policies

NORML

This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises. Total marijuana arrests in 2017 increased for the second straight year , after having fallen for nearly a decade.

Policy 156
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Marijuana Banking Passes Critical Committee

NORML

Currently, thousands of state-licensed and regulated businesses lack access to the banking industry and are unable to accept credit cards, deposit revenues, or write checks to meet payroll or pay taxes because federal law discourages financial institutions from engaging in such partnerships. Thirty-three states, Washington, D.C.

Banking 279
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Fortune: Black cannabis entrepreneurs account for less than 2% of the nation’s marijuana businesses

Cannabis Law Report

A 2017 survey from Marijuana Business Daily found that 81% of American cannabis business owners and founders were white and 10% of cannabis business founders identified as Hispanic/Latino or Black. of business owners in the industry, per Leafly’s Jobs Report 2021. In Colorado’s capital, Denver, only 5.6%