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Bank of America Merrill Lynch is trying hands in the Cannabis Industry

August 30, 2018

Something big is coming in the cannabis industry’s way soon in Canada. Some of the Canadian banks like Bank of America, Merrill Lynch, and Goldman Sachs are officially trying their hands in the Cannabis Industry, reported by Canadian media. Apart from investing a lump sum amount in the marijuana industry, the banks are observing steady[...]

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3 New Jersey invites application to double the licensed medical cannabis businesses.

August 28, 2018

New Jersey has invited applications for licensing their medical marijuana businesses. This licensing process will double the number of MMJ businesses serving the state, from the current 6 to 12. The New Jersey Department of Health (NJDOH) has released a Notice of Request for Applications (Notice). It points out the reason for issuing the licenses,[...]

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California State Chartered Bank (SB-930): From it’s beginning to the end.

August 27, 2018

It all started last year when state Treasurer John Chiang floated the idea of creating a state-chartered bank that will explicitly serve the cannabis industry. Earlier in this year, State Senator Bob Hertzberg proposed SB 930 to create such a bank. Why do cannabis businesses even need a separate bank? We all know cannabis is[...]

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Oklahoma Universities denied state law, banned medical cannabis within university campus

August 23, 2018

Oklahoma has recently approved a new state law under which the medical marijuana will be legalized. Despite being banned by the federal law, Oklahoma has made an announcement legalizing medical marijuana in the state. However, the University remains firm in their decision that they will not allow anyone to consume medical marijuana within the campus[...]

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Cannabis Insurance Working Group in California for solving cannabis related issues

August 21, 2018

The medical industry in the United States has been facing many issues due to banning marijuana consumption across the US. Though some of the states in the US have legalized cannabis, however, most of the states are still not considering marijuana as an important medicine. Recently, the National Association of Insurance has formed a group[...]

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The First FDA-Approved CBD Medication

August 20, 2018

In June 2018, The Food and Drug Administration (FDA) for the first time approved a component derived from marijuana, called Epidiolex, for medical treatment of epilepsy. Epidiolex is essentially a pharmaceutical-grade version CBD oil. This strawberry-flavored syrup is a purified form of CBD (CBD is a component found in cannabis but does not contain THC[...]

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Purchasing Cannabidiol for healing pain can be illegal in Wyoming

August 15, 2018

Though the federal law has shown some mercy on Marijuana industry in some parts of United States, there are few places like Wyoming in the western United States, where consuming marijuana or related products is still illegal. According to a report, a lady who uses CBD oil for her back pain got arrested in Wyoming[...]

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Changing Political Climate Facing Cannabis Industry

August 13, 2018

Cannabis is listed in Schedule I of Controlled Substances Act and thus, is federally illegal. Over the time, starting with Oregon, States started to decriminalize cannabis. California became the first state to legalize medical marijuana. Colorado and Washington became the first states to legalize recreational cannabis. Today, medical marijuana is legal in twenty-nine states and[...]

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LA’s first Public Bank to start for Cannabis Industry through ballot voting

August 9, 2018

The cannabis industry is one of the largest commercial industries in United States of America. It is inevitable that such a huge industry involves substantial money transactions as well. One of the difficulties companies currently face is to deal in cash every time while selling cannabis for medical or recreational purposes. While merchant services providers[...]

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Bill for Federal studies, Marijuana effects on People

August 8, 2018

Marijuana is one of the important components that are required in medical industries. Diseases like epilepsy and such are cured with the help of medicines that contain marijuana. However, the component is still not legalized in the United States. As per the recent survey, nearly 51% of the US has been legalized Marijuana for recreational[...]

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