Today, the House Committee on Small Business held a hearing entitled Unlocked Potential? Small Businesses in the Cannabis Industry to discuss the economic and employment opportunities in the emerging legal cannabis industry and the challenges that federal prohibition and criminalization pose in regards to the Small Business Administration.
A single paragraph buried in Pennsylvania’s medical marijuana law will start bringing some transparency to consumer-level prices. It could also have a profound influence on medical cannabis products nationwide.
Senators Elizabeth Warren (D-MA) and Cory Gardner (R-CO), along with Representatives David Joyce (R-OH) and Earl Blumenauer (D-OR), have reintroduced The Strengthening the Tenth Amendment Through Entrusting States (STATES) Act of 2019. This Act amends the Controlled Substances Act to reduce the number of instances in which federal law enforcement agencies could carry out legal actions against state-licensed cannabis businesses or other related enterprises.
In the first in what are anticipated to be multiple Congressional votes to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee will today voted to advance The SAFE Banking Act, HR 1595.
In the first in what are anticipated to be multiple Congressional hearings to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595.
A.1617, the Marijuana Regulation and Taxation Act (MRTA), has been re-introduced this legislative session. The bill would legalize the adult possession, use, and regulated sale of marijuana. Over the past twenty years, many New Yorkers have been negatively affected by the harms of prohibition in New York. With people of color accounting for nearly 85% of those arrested annually, the MRTA directs the benefits of taxing and regulating marijuana to these communities. Because structural racism is ingrained in marijuana prohibition, it’s important that the MRTA both ends marijuana prohibition and promotes racial justice. Significant steps are taken in the amended MRTA to ensure racial justice and a small business-friendly industry, including: Creating a micro-licensing structure, similar to New York’s rapidly…
Chicago NORML is very excited to participate in the Minority Cannabis Business Association (MCBA) summit in Washington D.C. and playing a leading role in drafting policy agendas to ensure participation of people of color in the cannabis industry.
In news that bodes well for the future of cannabis legalization in the state of New York, both chambers of the state legislature have included legalization language in their annual budget proposals. Both budget proposals also address the expedited expungement of certain marijuana-related convictions, implementing social equity programs in the state’s growing marijuana industry, and diverting tax money earned through the legal cannabis industry to benefit communities that have borne the brunt of the most brutal aspects of marijuana prohibition and the war on drugs in New York. Though Governor Cuomo’s budget proposal does not allow for the personal cultivation of marijuana plants, the NY General Assembly’s budget proposal does promote home cultivation upon the legalization of adult-use and retail…
The state-licensed cannabis industry gained over 64,000 new employees in 2018, and now employs over 200,000 full-time workers, according to data compiled by Whitney Economics and the online content provider Leafly.com.
As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell.