Square Launches Program Providing Payment Processing For CBD Companies

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 Bans Cannabis Apps From Play Store

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 […]

Senator to Federal Small Business Administration: Are Federal Regulations Restricting Marijuana Industry Growth?

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 […]

Treasury Secretary: Marijuana Businesses Shouldn’t Get Tax Breaks

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 […]

Minnesota Adds Pain to Medical MJ List

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 […]