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Attorneys General Push for Marijuana Banking Reform

NORML

Attorneys Generals from 34 states and territories sent a letter today to Congressional leadership urging members to expeditiously pass The Secure and Fair Enforcement (SAFE) Banking Act so that state-licensed cannabis business can explicitly engage in relationships with banks and other financial institutions.

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ABA survey says majority of Americans support SAFE banking for hemp and cannabis businesses

Cannabis Law Report

consumers support all legal cannabis businesses — including hemp and CBD — having access to banking services. 65% support allowing cannabis businesses to access banking services (e.g. checking accounts, business loans) in states where cannabis is legal. Of the 2,210 adults interviewed for the survey — .

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Legalizing cannabis for adults has been a wise investment. billion in tax revenue from legal, adult-use cannabis sales. billion in tax revenue from legal, adult-use cannabis sales. Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. Colorado (pop.

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More aggressive tax collections from unlicensed cannabis sellers recommended in Mass.

Cannabis Law Report

The attorney general and cannabis regulators don’t think that Massachusetts needs new criminal penalties for violations of the state’s marijuana laws, but the offices recommended three ways the Legislature could clarify the law and crack down on the illicit market. The Boston Globe reports.

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Legal Cannabis In Arizona Raises $US106Million Tax In Year 1

Cannabis Law Report

The money is earmarked for public safety. Because the City of Tucson is able to collect ordinary sales tax on marijuana sales as well as a share of the special marijuana tax the city is expecting about $9.7 Jeffrey Yates heads Tucson’s Business Services Department. Jeffrey Yates heads Tucson’s Business Services Department.

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Clinical Trial on Alzheimer’s Patients Indicates Positive Safety and Tolerability Data for IGC’s THC-Based Investigational New Drug

Cannabis Law Report

–(BUSINESS WIRE)– #IGC –(NYSE American: IGC), India Globalization Capital, Inc. (“IGC” During the Phase 1 trial, minimal adverse events were reported, and IGC-AD1 was tolerated with no safety concerns identified by an independent Data Safety Monitoring Board. POTOMAC, Md.–(BUSINESS The average age was 80.9

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Canada: Okanagan cannabis retailers sue province over illegal on-reserve pot shops

Cannabis Law Report

A group of cannabis retailers in the Okanagan and Shuswap is suing the province, alleging it has failed to enforce the Cannabis Control and Licensing Act on First Nations reserves. The notice of claim alleges that cannabis sold on reserves is not produced in accordance with the regulatory regime set out in the federal Cannabis Act.

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