News

Financial Association Poll Reveals Strong Support for Cannabis Banking Bill

By / May 2, 2024 /

A new survey by the Independent Community Bankers of America (ICBA) reveals that a significant majority of Americans view the Secure and Fair Enforcement Regulation (SAFER) Banking Act as a…

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Congressional Perspectives: Democrat Applauds Cannabis Rescheduling, GOP Leader Stands Firm Against Reform

By / May 2, 2024 /

House Minority Leader Hakeem Jeffries (D-NY) voices support for the Biden administration’s move to reschedule marijuana. Calls for Legislative Follow-Up Jeffries advocates for congressional action, urging passage of the Senate…

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New Jersey Celebrates Record-Breaking Cannabis Sales Over 4/20 Weekend

By / May 2, 2024 /

New Jersey’s cannabis industry achieved remarkable success in the first quarter of 2024, as regulators reported a record-breaking $201 million in sales. Historic Highs Reached on 4/20 Weekend Over the…

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Opponents of Cannabis Legalization Gear Up for Legal Battle Amid Federal Rescheduling Talks

By / May 2, 2024 /

A day after the DEA’s announcement regarding marijuana rescheduling, Smart Approaches to Marijuana (SAM) is gearing up for a legal battle against the reform. Rescheduling Legal Defense Fund SAM reaches…

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Hemp Industry Poised for Easier Regulations with Senate Democrats’ Farm Bill

By / May 2, 2024 /

Senate Democrats propose significant changes to federal hemp laws in their version of the 2024 Farm Bill. Regulatory Barriers for Hemp Farmers The bill aims to reduce regulatory barriers for…

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Federal Appeals Court Upholds New Jersey’s Cannabis Legalization Program

By / May 2, 2024 /

In a recent ruling, a New Jersey appellate court upheld the state’s recreational cannabis law, declaring its ability to “coexist” with federal marijuana enforcement laws. The decision came in response…

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Rescheduling Announcement: Insights from Former DOJ Official and Congressman on Federal Cannabis Guidance

By / May 2, 2024 /

Federal Guidance Expansion Expected As the U.S. Drug Enforcement Administration (DEA) moves toward rescheduling marijuana, anticipation grows regarding potential updates to federal guidance on enforcement priorities. The former U.S. deputy…

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DEA Proposal: How Cannabis Reclassification Might Affect Tennesseans

By / May 2, 2024 /

The U.S. Drug Enforcement Administration’s (DEA) plan to reclassify marijuana from a Schedule I to a Schedule III drug has ignited a debate among lawmakers in Tennessee. This potential change…

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Senate Democrats Renew Push to Legalize Cannabis Nationwide

By / May 2, 2024 /

Senate Democrats reintroduced broad legislation on Wednesday to legalize cannabis on the federal level, a major policy shift with wide public support, but it is unlikely to be enacted this…

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Cannabis Conflict: Federal Crackdown Shocks New Mexico’s Cannabis Growers

By / May 2, 2024 /

U.S. Customs and Border Protection has been seizing cannabis in the southern part of the state, sparking tensions with Democratic Gov. Michelle Lujan Grisham. Crackdown on Legal Cannabis Drug cartels…

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Reshaping Regulations: Exploring the Consequences of Cannabis Reclassification in the US

By / May 2, 2024 /

The Justice Department proposal would recognize the medical uses of cannabis, but wouldn’t legalize it for recreational use. WHAT HAS ACTUALLY CHANGED? WHAT HAPPENS NEXT? Technically, nothing yet. The proposal…

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Cross-Border Challenge: Canada’s Cannabis Pioneers Face Threat from US Competitors

By / May 2, 2024 /

This week’s announcement that the Biden Administration will move ahead to reclassify cannabis to a much less restricted drug class and ease federal restrictions could be the ray of sunshine…

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