Despite memos issued by the Federal Treasury and Justice Departments, there continues to be controversy and disagreements within the banking industry over whether or not banks can accept money or make loans to participants
in legal marijuana businesses.
Current dispensary owners and operators who want a stake
in the legal marijuana market would be well served to seek legal advice and evaluate preventative options before they have been raided and charged, by which time it may be too late.
The three states have lists of pesticides that are OK to use on marijuana, but so far none is conducting regular tests for banned pesticides, which has raised public health worries even though there's little or no indication of people becoming ill because of pesticides
in legal marijuana products.
Hartfield's new venture taps into that entrepreneurial spirit with the intention to bring investors directly to the most exciting companies
in the legal marijuana space.
The Hood Incubator derives from a bold idea: build political and economic power for people of color
in the legal marijuana industry through community organizing, policy advocacy, and economic development.
Not exact matches
Just like that, Mexico joined Canada this month
in making medical
marijuana legal nationwide.
«Given
marijuana is not
legal anywhere
in Australia, we would refer anyone who we suspect to be bringing
marijuana out of the U.S. to a Customs official,» said Annabelle Cottee, a spokeswoman for Australian airline Qantas.
In response to Sessions» comments, entrepreneurs in the legal industry and marijuana advocates oppose the Senator's nomination to attorney general, where he would have power over U.S. drug polic
In response to Sessions» comments, entrepreneurs
in the legal industry and marijuana advocates oppose the Senator's nomination to attorney general, where he would have power over U.S. drug polic
in the
legal industry and
marijuana advocates oppose the Senator's nomination to attorney general, where he would have power over U.S. drug policy.
Marijuana remains an illegal drug at the federal level in the United States, although 29 states and the District of Columbia have made medical marijua
Marijuana remains an illegal drug at the federal level
in the United States, although 29 states and the District of Columbia have made medical
marijuanamarijuana legal.
On Wednesday Sessions picked 17 U.S attorneys to serve
in interim posts across the United States, several are posted
in states such as Washington, Nevada, and California where
marijuana is
legal.
Early this month, Canopy Growth Corp., the largest
legal marijuana producer
in the Canadian market, announced it was buying competitor Mettrum for $ 430 million.
On New Year's Day, the sale of
marijuana for recreational became
legal in California, the country's most populous state.
Companies are boosting
marijuana inventory
in anticipation of
legal recreational sales
in July, and have much more weed than can possibly be sold at this point.
Other airports
in states where
marijuana's recreational use is
legal have taken steps to allow travelers to ditch their stash before boarding.
Recreational
marijuana is
legal in Colorado, and the state's local Uber affiliate is looking to take advantage.
With
marijuana now
legal in some form
in 25 U.S. states and the District of Columbia, and
legal at the recreational level
in four states, it's probably only a matter of time before a ganjapreneur swims with the Sharks.
A U.S. Justice Department task force recently said the Cole Memorandum, which restricts federal
marijuana law enforcement
in states where pot is
legal, should be reevaluated to see if it should be changed.
In California, implementing a «fully operational,
legal market» could take years, said state Sen. Mike McGuire, who represents the «Emerald Triangle» region that's estimated to produce 60 percent of America's
marijuana.
The Frequently Asked Questions section of the Coachella website includes a boilerplate response about whether festival attendees can bring
marijuana to the festival now that the drug is
legal in all forms
in California for anyone over the age of 21.
Federal law all but requires
legal marijuana to operate strictly
in cash, while
in Canada banks are helping that nation's cannabis industry boom.
Still, it's hard to say if pot smuggling has gotten worse
in Oregon, or how much of the
marijuana leaving the state filters out from the
legal side.
Pete Gendron, a licensed
marijuana grower who advised state regulators on compliance and enforcement, said the reports» numbers are guesswork, and furthermore are outdated because they don't take into account the
marijuana now being sold
in Oregon's
legal recreational market.
For example, the Justice Department wants to make sure pot profits
in states where
marijuana is
legal are not being funneled to gangs or cartels.
Related: Mexico Joins Canada
In Making Cannabis Legal, Leaving the US Far Behind in Marijuana Polic
In Making Cannabis
Legal, Leaving the US Far Behind
in Marijuana Polic
in Marijuana Policy.
To be fair, though, medical
marijuana has been
legal in California for nearly two decades, but past Coachella festivals also have prohibited attendees with medical clearance to use the drug or bring it onto the festival grounds.
Meanwhile,
marijuana remains illegal on the federal level, and Attorney General Jeff Sessions has recently taken steps that would allow federal prosecutors
in states where weed is
legal to decide whether to prosecute people over
marijuana sales
in a development that could threaten the burgeoning industry (or, at the very least, spur litigation from some of the states
in question looking to keep the federal government from interfering with statewide legislation).
Sen. Lisa Murkowski (R - Alaska) was another Republican lawmaker
in a state with legalized
marijuana to voice criticism of Sessions»
legal marijuana decision.
The governors of Oregon, Colorado, Washington and Alaska — where both medical and recreational
marijuana are
legal — wrote to Sessions and Treasury Secretary Steve Mnuchin
in April, warning altering the memorandum «would divert existing
marijuana product into the black market and increase dangerous activity
in both our states and our neighboring states.»
Medical use is
legal in New York, while recreational
marijuana is not.
Interestingly,
marijuana had been listed as a
legal medicine
in the U.S. up until 1942.
As the federal government moves slowly but surely toward the decriminalization of
marijuana, Shoppers is looking to stake out its spot
in the future market for
legal weed.
The goal is for
legal medical
marijuana to bring back jobs lost over the past decades by the decline
in the steel industry.
Voters have made
marijuana legal for medical use
in a majority of U.S. states and for recreational use
in seven states and the District of Columbia.
In April 2016, CBS News released a poll showing that 61 percent of Americans believe
marijuana should be
legal.
But that's not all; The vape was also selected for its cultural relevance, reflecting both e-cigarette's momentous rise
in popularity along with dramatically shifting attitudes and policies towards
marijuana use (weed is now
legal in Colorado and Washington, and will soon be
in Oregon, Alaska and Washington, D.C.)
Waller told CNBC financial institutions
in Colorado would like to service the
legal marijuana industry
in that state, but she does not know of a single one that changed its position as a result of the federal memos released last week.
Bankers and those
in the expanding
legal marijuana business say new guidelines from the Obama administration aren't enough.
Aeron Sullivan, the co-founder of Tradiv, an online wholesale marketplace for
legal pot businesses to buy and sell
marijuana, says there is no doubt pot production will be outsourced to other regions of the world and the southern states
in the U.S.
Bankers and those
in the expanding
legal marijuana business want Congress to change the law — to make it clear that it's not a crime to provide financial services to the
legal marijuana businesses.
Marijuana interdictions at the Mexican border are down substantially, youth use has not increased
in states with
legal access to cannabis, and responsible cannabis businesses are contributing tens of thousands of jobs and hundreds of millions of dollars
in economic impact to their communities.»
On January 1, recreational
marijuana became fully
legal in the Golden State, where medical use has been
legal since 1996.
An ETF investing
in Latin American real estate became a
marijuana fund overnight, and it's all perfectly
legal.
The demand for
legal marijuana, which has outstripped many lofty expectations, isn't the only thing small - business owners
in the pot gold rush are surprised about.
Marijuana became
legal for recreational purchase and use
in Colorado on the first of this year, and adult - use facilities are doing a booming business.
The debate at the Post is likely to echo at other companies at a time when
marijuana use
in the U.S. is gaining widespread
legal and social acceptance.
Tree — who said the policy change restored a price support for growers by reintroducing a «federal risk premium» — told Business Insider that while consumers
in states were
marijuana was
legal were probably used to a high - quality and tested product, he suspected cracking down on
legal marijuana production and sales would incentivize trafficking of lower - quality
marijuana to states where the drug is still illegal.
Leafly, a Yelp - like website for the
legal cannabis industry, has a list of California cities
in which
legal recreational
marijuana will soon be going on sale, though the site notes that not all dispensaries are likely to be fully licensed by Jan. 1.
It's led to a
legal quagmire
in Arkansas, one of only two southern states to legalize medical
marijuana.
Even though medical
marijuana is
legal in California, cannabis companies are still at risk of being shut down because the laws are still being developed.
Arkansas voters approved
legal medical
marijuana in November 2016.