Former Anti-Marijuana Congressman Joins Cannabis Company Board

In an about-face that has some scratching their heads, Former Indiana Congressman, Rep. Steve Buyer (R-IN), a longtime opponent of marijuana legalization (medical and recreational), has officially cashed in on the legal cannabis industry. In mid-October, FSD Pharma, a Canadian company, announced that Buyer joined its board of directors. FSD, through its subsidiary FV Pharma, […]

NCIA Releases Whitepaper Providing Guidance On Federal Cannabis Regulation

The National Cannabis Industry Association (NCIA) published a whitepaper on October 1, urging Congress to deschedule cannabis and oversee it with current regulatory infrastructure. The NCIA whitepaper provides guidance to the federal government on how to regulate cannabis at the federal level, discussing in-depth processes such as removing outdated regulation, establishing new rules, and breaks […]

California Senate Approves Legislation To Allow State-Chartered Cannabis Banks

In an effort to overcome the banking hurdle faced by the legal cannabis industry, Senate Bill 51 passed legislation to allow state-chartered cannabis banking. The bill still requires the approval of the Assembly and California State Governor Gavin Newsom before it becomes law. Through the provisions of SB 51, private banks and credit unions would […]