The Business of Cannabis

Lame-Duck Session Of Congress Could Pass SAFE Banking Act

Oct 19, 2022 | National

President Biden’s move to reevaluate marijuana’s legal status and pardon federal weed convictions has reinvigorated momentum for congressional action to boost the ailing cannabis industry.  Lawmakers see the lame-duck session as their best chance yet to pass...

Federal Reserve Bank Says Cannabis Legalization Drives Tax Revenue, Job Creation And Real Estate Sales

Oct 12, 2022 | Feature, National

State-level marijuana legalization has had a “significant” economic impact—generating jobs, tax revenue and impacting real estate—according to a new report from a Federal Reserve Bank district. The Kansas City arm of the central bank, which covers five full states and...

U.S. CBD Stakeholders Cheer Appointment Of Cannabis Expert At FDA

Oct 9, 2022 | National

CBD stakeholders say they hope the appointment of a cannabis policy expert at the U.S. Food & Drug Administration (FDA) signals the agency may finally begin to establish a regulatory program. FDA has hired Norman Birenbaum, a former cannabis official in two...

NORML Director Issues Statement Regarding President’s Plan to Pardon Those With Low-Level Marijuana Convictions

Oct 9, 2022 | National

In response to President Biden’s recently announced actions with regard to federal marijuana policy, NORML’s Executive Director Erik Altieri has issued the following statement: “Many of the efforts taken and proposed by the President today are long overdue. For nearly...

Biden To Pardon All Federal Offenses Of Simple Marijuana Possession

Oct 6, 2022 | National

President Biden will pardon everyone in the U.S. who has been convicted of simple possession of marijuana under federal law, the White House announced Thursday. “There are thousands of people who have prior federal convictions for marijuana possession, who...

Vermont: Adult-Use Cannabis Sales Began Last Week

Oct 6, 2022 | National

Licensed marijuana retailers in Vermont began operations last week. Dispensary doors opened nearly two years after lawmakers passed legislation governing the commercial production and retail sale of marijuana to adults. To date, state regulators have issued...