Rescheduling alone wouldn’t solve the marijuana industry’s banking problem
Marijuana rescheduling would alleviate certain burdens for regulated operators but would do little to address cannabis banking difficulties.
Washington State MMJ News
Marijuana rescheduling would alleviate certain burdens for regulated operators but would do little to address cannabis banking difficulties.
Two leading congressional Republicans wrote a letter to Biden administration officials expressing concern with the marijuana rescheduling process’ “unusual” circumstances and suggesting that the U.S. Drug Enforcement Administration has similar doubts.
Illegal monopoly tactics and “abusive litigation” are how a Chinese company became the world’s largest maker of vaporizer devices in the cannabis industry, according to federal court filings.
U.S. plant-touching cannabis businesses – such as cultivators, manufacturers and retailers – say the industry is heading in a better direction, even without the impending rescheduling of marijuana.
Police in western Washington state have made arrests in an investigation into what the Tacoma Police Department described as “a major illegal marijuana grow operation by Chinese nationals.”
California led the nation in hemp flower acreage and production in 2022, according to an MJBizDaily analysis of the recent Census of Agriculture report released by the U.S. Department of Agriculture. Alameda County, California, led all U.S. counties.
Lawsuits by a white couple from California, Jeffrey and Justyna Jensen, have disrupted social equity programs in multiple cannabis markets.