United States Cannabis Industry & Marijuana Business News

After the SAFE vote in US House, here’s what you need to know about the current state of banking in the marijuana industry

The U.S. House of Representatives’ vote approving legislation that would pave the way for financial institutions and insurance companies to serve state-legal marijuana businesses without fear of reprisal is a milestone for the cannabis industry. Nevertheless, the 321-103 House vote is but another step on a long and often bumpy legal road toward changing how […]

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Week in Review: Momentous marijuana banking vote in US House, vape crisis fallout, MA approves MJ cafes/delivery & more

The U.S. House passes a cannabis banking bill with strong bipartisan support, Massachusetts is the first state to nix the sale of all tobacco and marijuana vaping products, a Washington state man sues half a dozen MJ vape companies for allegedly causing his lung illness – and more of the week’s top cannabis business news. […]

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Additional medical marijuana licenses put on hold in Maryland

Maryland medical marijuana regulators put plans to award an additional four cultivation and 10 processing licenses on hold, in wake of a judge’s temporary restraining order barring the state from issuing licenses until Oct. 7. The Maryland Medical Cannabis Commission was scheduled to announce the winners on Thursday. Instead, Commission Chairman Brian Lopez said the […]

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Cannabis vape manufacturers turn to packaging, other measures to distinguish their products from counterfeit merchandise

Security labels, barcodes and microchips are among the measures vaporizer manufacturers are taking to differentiate their products from counterfeit knockoffs suspected to be behind more than 800 illnesses and 12 deaths tied to the nationwide vaping crisis. Last week, California-based marijuana firm KushCo Holdings entered an exclusive distribution agreement with De La Rue, a provider […]

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California water board sends warnings to cannabis growers

The California Water Boards sent at least 270 letters to farmers in the Emerald Triangle, warning them to come into compliance with regulations or face possible fines and even the loss of their cultivation licenses. The agency posted on Twitter that its Division of Water Rights’ Cannabis Enforcement Section sent the letters to “residents in Trinity, Humboldt […]

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Utah medical marijuana dispensaries could face hefty fees

Utah would charge medical marijuana dispensaries between $50,000 and $69,500 each year in operating fees under a proposal state officials are considering – placing an unexpectedly high financial burden on future MMJ businesses. An executive with a Washington state-based company interested in opening a dispensary in Utah called the proposed fees a “big pill to […]

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Pennsylvania governor says he’s ready to legalize recreational cannabis

Pennsylvania Gov. Tom Wolf is now in favor of legalizing marijuana for recreational use, which, if his efforts are successful, could potentially create a $1 billion-plus adult-use market in the state of 12 million people. Wolf says that that most of the state’s residents support it. He added that the state has a wealth of […]

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Historic day: US House passes cannabis banking bill with strong bipartisan support

In a landmark move, U.S. House lawmakers on Wednesday approved overwhelmingly by a 321-103 vote legislation that would pave the way for financial institutions and insurance companies to serve state-legal marijuana businesses without fear of federal reprisal. Ninety-one Republicans voted for the measure, in a showing of strong bipartisan support. The bill – the first piece […]

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NY governor wants Northeast region to work together on recreational marijuana, vaping

New York Gov. Andrew Cuomo is urging neighboring states to work together on future recreational cannabis policies – a move that could potentially create a more level playing field for marijuana businesses in adjoining states if adult use is approved. The Democratic governor also wants states near New York to work together on vaping regulations. […]

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New Jersey cannabis trade group investigating itself

The New Jersey Cannabis Industry Association (NJCIA) paid $7,500 to an outside consultant to investigate potential “ethical concerns” within its own operations. NJ.com reported that a three-member subcommittee recommended hiring an “independent, outside professional” to present its investigation to the full board. The specific allegations were not mentioned in a letter from the subcommittee, but […]

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California health officials urge residents to stop vaping tobacco, marijuana

A California health agency joined the chorus of officials across the country urging consumers to stop vaping all substances immediately, saying it’s still unsure what’s caused the recent epidemic that has sickened at least 530 and claimed nine lives in the U.S. The California Department of Public Health (CDPH) also announced that 90 Californians with a […]

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