After the company observed a change in public policy related to the cannabis industry, credit card processing company Square is positioning itself to create new opportunities for clients. The company has quietly, by invite-only, started beta-testing payment processing for companies that sell products containing hemp-derived CBD. Door Open, Door Closed Although hemp-derived CBD is now […]
Google quietly unveiled an updated policy on May 29 that prohibits apps connecting people with cannabis products, even in states where it’s legal. The policy change was first reported by Android Police. In an attempt to make the Play Store more child-friendly, Google now requires all app developers to meet certain criteria related to their […]
Colorado Governor Jared Polis signed legislation May 29, repealing the provision prohibiting publicly traded corporations from holding marijuana licenses. The bill Polis signed into law, House Bill 1090, passed the House by a vote of 54-11 and passed the Senate 27-7. The legislation also served to open the state’s industry to outside investors. Some of […]
Only two keys words are needed to describe marijuana industry trends for 2019. They are: constant evolution. As we continue into 2019, the industry keeps reinventing itself — as more and more states legalize marijuana the platform changes — from regulations to consumption methods to finance. Let’s explore some of the trends that stand out […]
Federal officials from the Small Business Administration (SBA) met with members of the Senate Small Business and Entrepreneurship Committee, and questioned how current laws related to cannabis inhibit the ability to do business in states where it is legal. The discussions come as members of Congress work on legislation that would allow small business assistance […]
The passage of Oregon’s Senate Bill 852 on May 15 is a proactive move by state lawmakers and gives the governor latitude to approve the export and import of marijuana items between states. This is a strong indication that the state is preparing for interstate commerce with other states where marijuana is legal. The bill […]
The evolving cannabis regulatory climate in Nevada is starting to clear up a bit. Nevada Governor Steve Sisolak signed what had been dubbed a new ‘transparency law’ in Carson City on Friday. The law makes public the names and identities of who owns each cannabis license in the state of Nevada. Lawsuits filed before the […]
Until Congress can sort out the conflicting federal and state laws on marijuana, it appears marijuana businesses won’t get a green light on tax breaks, and the confusion is affecting the cannabis industry. Because marijuana remains illegal federally, Treasury Secretary Steve Mnuchin and several legislators recommend holding off on allowing marijuana business tax benefits. Mnuchin […]
Marijuana, as everyone knows, causes the munchies. People with the munchies eat a lot of junk food. Junk has a lot of calories. Therefore people who smoke marijuana should gain weight. A new study calls that bit of common sense into question. At the same time, it suggests cannabis may have promise as a tool […]
Minnesotans who suffer from intractable pain received good news in December, as state officials decided to let them start using medical marijuana next August. Ed Ehlinger, Minnesota’s health commissioner, announced the decision Dec. 2 during a news conference. He called it “the right and compassionate choice” and said it would help alleviate suffering. “The relative […]
