Senate Takes Long-Awaited Step Toward Cannabis Banking Reform
WASHINGTON – The cannabis-friendly Secure and Fair Enforcement Regulation (SAFER) Banking Act is on its way to a floor vote in the Senate after...
Analysis: Eliminating 280E Could Save 12 MSOs $700 Million Annually
NEW YORK – The twelve largest operators in the cannabis industry would save a combined total of $700 million annually if Internal Revenue Code...
Trulieve Alleges Employees, Vendors Engaged in Racketeering: Lawsuit
SCOTTSDALE, Ariz. – Trulieve Cannabis Corp. is suing two of its former Arizona purchasing managers, five other employees, and three vendors, accusing the group...
A DEA Judge Tried to Reschedule Cannabis 35 Years Ago
WASHINGTON – In 1988, a federal judge brashly ruled against the Reagan administration’s drug policy and declared cannabis fit for medical use. The controversial...
U.S. Health Officials Recommend Schedule III for Cannabis
WASHINGTON – The U.S. Department of Health and Human Services (HHS) has recommended reclassifying cannabis from Schedule I to a less restrictive Schedule III...
American Cannabis Consumption Hits All-Time High
WASHINGTON – Fifty-percent of American adults have tried cannabis, according to a recent Gallup report, marking the highest point since the polling organization conducted...
Tilray Triples Beverage Portfolio with $85M Anheuser-Busch Deal
NEW YORK – Canadian megacorp Tilray Brands Inc. struck an $85-million cash deal with Budweiser parent company Anheuser-Busch InBev (AB InBev) to purchase eight...
U.S. House Advances Veterans’ Access to Medical Marijuana in Spending Bill
WASHINGTON D.C. – The Republican-controlled U.S. House of Representatives approved an amendment to military spending legislation that would allow Veterans Administration (VA) doctors to...
Republicans Show Their Cards, Cut Cannabis from Defense Bill
WASHINGTON D.C. – Numerous cannabis-related amendments with bipartisan support were stripped from the National Defense Authorization Act (NDAA) by the Republican-led House Rules Committee...
NBA Removes Cannabis from Prohibited Substances List
NEW YORK – The National Basketball Association no longer considers cannabis a prohibited substance, thanks to a clause in the league’s new labor agreement...