The Industrial Hemp Farming Act is back — is this the year Congress legalizes the crop?
A bipartisan group of lawmakers are again calling for industrial hemp to be legally separated from marijuana in the Controlled Substances Act, and advocates believe they might just have the political momentum to succeed.
BI-PARTISAN COALITION LAUNCHED TO URGE THE PRESIDENT TO KEEP HIS 2016 PLEDGE TO SUPPORT THE STATES RIGHT TO LEGALIZE MEDICAL MARIJUANA.
The National Conference of State Legislatures has cut to the chase, mandating Congress de-schedule marijuana altogether.
Last week, the National Conference of State Legislatures (NCSL) adopted a formal resolution that Congress enable financial institutions to serve marijuana businesses. The forcefulness of the resolution is a first from a cannabis angle: it did not ask Congress to pass a banking bill specific to cannabis, or even to revisit the FinCEN guidelines for financial services. Instead, NCSL cut to the chase, mandating Congress de-schedule marijuana altogether.
California considering creating a state-run bank for cannabis businesses
California government, financial and marijuana business leaders met last week in a far-from-resolved debate over whether a state-run bank could be the solution to the cannabis industry’s banking problem.
Supporters argued during a Los Angeles gathering of California’s Cannabis Banking Working Group that a public bank would give the state autonomy, serve communities that struggle with bank access and send a message that could shift the nation’s financial paradigm away from Wall Street.
Critics insisted a public bank would be too pricey, too risky and do little to overcome banking problems triggered by the conflict between state and federal marijuana laws.
Inside The Ever-Expanding Complexities Of California’s Cannabis Market. The state has the most long-standing, established cannabis-based economy in the entire United States, if not world.