Politics

Wed
22
Sep

U.S. House Approves Bill to Ease Banking for Cannabis Companies

piggybank

The U.S. House of Representatives late Tuesday night approved a bill that would let banks to do business with cannabis companies without fear of penalty, giving traction to the least-disputed reform sought by the growing industry. 

The so-called SAFE Banking Act would be a boon for marijuana companies, which have so-far been stymied by the necessity to deal in cash because of federal restrictions. That has meant they have extra security costs and logistical problems, even as marijuana increasingly becomes legal. Some three dozen states now allow medical or recreational use, according to New Frontier Data, a cannabis research firm. 

Tue
21
Sep

Cannabis Task Force ‘overwhelmingly’ favors dispensary in town. Some residents push back.

At a public meeting on Saturday, Princeton Cannabis Task Force Chair and Councilmember Eve Niedergang GS ’85 said the “consensus” reached by the 24-member task force is “overwhelmingly that the benefits of having a dispensary in town outweighed the bad points.”

The meeting, held in Hinds Plaza, drew around 25 residents. Several members of the Cannabis Task Force — a group that includes council members, non-profit leaders, and business and citizen representatives — listened and tried to address locals’ objections to the prospect of allowing marijuana dispensaries to operate in the town.

Tue
21
Sep

How This Juicy Political Opportunity Could Send Marijuana Stocks Soaring

congress building

Sometimes this job feels more like political analysis than stock market prognosticating. The reason? Marijuana stocks are intrinsically tied to politics. After all, until prohibitions against cannabis are lifted the world over, pot stocks won’t reach their full potential.

Which brings us to a tantalizing new prospect.

I’ve been writing about marijuana stocks for years now, and I’ve cooked up a number of ways federal U.S. marijuana legalization could get it done. From Congressional maneuvers, to presidential executive orders, to ballot initiatives, to Supreme Court interdictions, it’s safe to say that I’ve thought a lot about how U.S. pot legalization could happen—and happen fast.

Mon
20
Sep

Illegal marijuana farms take West’s water in ‘blatant theft’

Jack Dwyer pursued a dream of getting back to the land by moving in 1972 to an idyllic, tree-studded parcel in Oregon with a creek running through it. “We were going to grow our own food. We were going to live righteously. We were going to grow organic,” Dwyer said. Over the decades that followed, he and his family did just that. But now, Deer Creek has run dry after several illegal marijuana grows cropped up in the neighborhood last spring, stealing water from both the stream and nearby aquifers and throwing Dwyer’s future in doubt. (Photo By: Shaun Hall/Grants Pass Daily Courier via AP)

Fri
17
Sep

Buying Weed Online: How to Easily Order Cannabis from Home

Humans have been using cannabis for at least 2500 years. It’s long been considered a medicinal plant and has many therapeutic properties, including treatment for chronic pain and some common diseases.

Given its vast benefits and history of human use, it’s no wonder people today are actively searching for high-quality cannabis products.

However, it can be hard to buy. Marijuana is federally illegal and is legal in only some states, leaving many people without access to.

Fri
17
Sep

NY cities grappling with marijuana opt-out decisions

Many New Yorkers think it is high-time for marijuana sales to start up, but some towns and villages are still grappling with this decision.

Council members in Colonie, a town in the Capital Region, have voted to ban marijuana consumption sites within their district. Marijuana consumption sites are smoking lounges, cannabis cafes and other businesses that allow for cannabis to be consumed on premises.

Melissa Jeffers, a Colonie town councilwoman, says this vote mainly boiled down to concern that people might smoke at one of these consumption sites and then drive home.  

Thu
16
Sep

What you need to know if you have a marijuana-related conviction

male speaker

Now that recreational use of cannabis is legal in New York, what happens to the records of individuals convicted of marijuana related charges?

With the passing of the Marijuana Regulation and Taxation Act in March, marijuana-related convictions that are no longer criminalize in New York will be automatically expunged.

However, the caveat is that legislation allows the New York State Office of Court Administration up two years to expunge the records.

This is New York State Senator Jeremy Cooney, who represents New York’s 56th Senate District is hosting an expungement clinic on Saturday in Rochester to give folks an opportunity to speak with legal experts for free about their case and how they can expedite the process.

Wed
15
Sep

Cannabis farmers, employees protest outside Sonoma County supervisors’ offices

woman giving peace sign

Sonoma County cannabis growers and their allies gathered by the dozens Friday outside the Board of Supervisors’ office in Santa Rosa to denounce the county’s handling of commercial cannabis regulation and taxation, calling it overly burdensome and costly.

Taxes levied by the county are excessive, growers say, and a slow, convoluted local permitting process has hampered the expansion of their industry since California voters legalized adult-use recreational marijuana in 2016.

Wed
15
Sep

Czech parliament approves tripling the amount of THC in industrial hemp

Industrial hemp could soon contain a higher level of active substances, and getting a license to grow medical cannabis will become much easier if an amendment approved by Czech Parliament is signed into law.The Chamber of Deputies, the lower house of Czech Parliament, again approved an amendment aimed at improving the availability of medical marijuana and enabling electronic prescriptions. The lower house rejected a Senate proposal to maintain the current level of THC in the definition of industrial hemp and rejected the Senate’s tougher version of certification requirements.

Wed
15
Sep

Racial equity is elusive in the legal weed business

arms holding marijuana buds

 

Efforts to help Black and brown people succeed as cannabis entrepreneurs are not working — despite efforts in weed-legal states to encourage diversity in ownership and management.

Why it matters: People of color have been disproportionately targeted by the "war on drugs," so, as the pot industry expands, cities and states have tried to make social justice a priority in granting licenses.

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