The Secure and Fair Enforcement Banking Act, also known as the SAFE Banking Act, passed the House earlier in September by a vote of 321 to 103. This is one step closer to allowing the cannabis industry, which is legal in some states but illegal federally, access to banking and financial services — a big […]
With recreational marijuana only legal in 11 states, and no federal testing regulations in place, let’s face it; there’s ample opportunity for a flourishing black market. The recent health scare related to vaping is proof positive. Health officials report that the majority of vape health-related issues correlate to counterfeit marijuana products obtained from the black […]
The deluge of bad press surrounding vape products has hurt cannabis vape sales, which in 2018 was the fastest-growing segment of the marijuana industry. Shares of vaping products in California, Colorado, Nevada and Washington in the recreational marijuana markets have dropped considerably after the first vape-related death was reported in August — the recent nationwide […]
Medicine Man Technologies went on a company spending spree, literally. The group has been very busy, and they spent a pretty penny lately — buying up eight dispensaries in two days, and ten different companies in three months. The acquisitions include deals to snap up eight more marijuana businesses, including Colorado-based canna brands such as […]
Consumers are at risk of buying and using poor quality products containing CBD while the FDA cautiously considers new regulations for CBD products — leaving a wide disparity between quality, regulated products and items of unknown quantity or quality. Product potency and purity are unknowns when it comes to CBD-infused products and CBD oils. And […]
Colorado is on track to unveil new social equity cannabis business licenses in 2020 — the issue is who to award them to. The special license category was mandated by Senate Bill 224, and is reserved for use by low-income demographics only, providing an opportunity to potential business owners who may be unable to secure […]
As a newly emerging industry, the world of legalized cannabis is going through some growing pains, and there’s no end in sight. Those currently working in the industry have an idea of the complexities involved. Some of these issues are typical self-inflicted startup woes; others a result of constantly changing regulations. Let’s face it, building […]
A Massachusetts marijuana testing facility is in hot water after being accused of throwing usable marijuana into an unlocked dumpster. And on top of that, local police found hundreds of vials with extracted cannabis from the lab — one that provides services for almost the entire state’s medical cannabis retailers. The facility, MCR Labs, agreed […]
Because cannabis is still a federally illegal substance that drives the sale and distribution of illicit products, the head of the National Cannabis Industry Association (NCIA) called out Congress to act, and to do it quickly: Legalize cannabis and regulate the industry in order to deal with vaping-related industries. The group said the end result […]
Regulators in more than six states are taking a cautious approach while the industry and public health officials work to identify the root cause of recent health problems associated with vaping, and THC vape cartridge sales are starting to take a hit. As the epidemic continues to grow, it’s assumed that regulatory backlash will follow. […]
