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Identifying the Best Payment Solutions for Cannabis Businesses

March 12, 2020

Do you operate a business in the burgeoning market for cannabis products? Are you having a tough go of it finding a payment processing company that understands the market and your payment processing needs? You’re not alone.   Marijuana dispensaries and other businesses selling cannabis products are woefully underserved by traditional banks and payment processing[...]

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Share of Americans Who Smoke Pot Holds Steady, Even as Growing Numbers Favor Legalization

February 11, 2020

The number of Americans who say they smoke marijuana is holding steady, even as the share who favor legalization grows. A new poll from the Gallup Organization reveals 12% of U.S. adults say they smoke marijuana, a percentage that has held steady since 2015, the polling organization reported, while a separate survey finds that growing[...]

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Kentuckians Down with Medical, Recreational Marijuana Use

February 11, 2020

Advocates of marijuana legalization in Kentucky have a lot of reasons to be hopeful. Governor Andy Beshear has thrown his support behind medical marijuana legislation. And according to the latest Kentucky Health Issues Poll, 90% of the state’s residents favor legalizing marijuana for medical purposes; nearly 6 in 10 say it should be legal for[...]

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Major League Baseball Drops Ban on Marijuana Use; Other Pro Sports Leagues Could Follow

January 21, 2020

Major League Baseball has revamped its drug-testing program, removing cannabis from its list of “drugs of abuse.” Beginning with the upcoming Spring Training season, testing positive for marijuana use will not lead to the suspension of a player.   And other professional sports leagues could well follow the MLB’s lead. Contract negotiations are currently underway[...]

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Recreational Cannabis Sales Take Off with a Bang in Illinois; Dispensaries Ring Up Over $10 Million in Sales First 5 Days

January 9, 2020

Cannabis dispensaries in Illinois started the New Year off with a bang: ringing up more than 271,000 sales valued at over $10.8 million for the first 5 days of legal recreational cannabis sales in the state, according to the Illinois Department of Financial and Professional Regulation.   “The successful launch of this new industry is[...]

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Recreational Marijuana Sales Off to Brisk Start in Michigan, Set to Take Off in Illinois

December 23, 2019

Add Michigan to the growing list of states permitting marijuana sales for adult recreational uses. And soon, Illinois, too.   Michigan voters approved medicinal uses of marijuana in 2008. A new law legalizing the sale and use of marijuana for recreational purposes by adults 21 and older took effect there on December 1, and sales[...]

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California to Hike Excise Taxes on Cannabis

December 23, 2019

California’s chief taxing agency wants to squeeze more tax dollars from the legal cannabis industry – a move that’s being described as a serious blow to an industry that’s facing depressed market conditions.   The California Department of Tax and Free Administration (CDTFA) has announced the markup rate for the marijuana excise tax will increase[...]

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Congressional Panel Votes to Legalize Marijuana

December 2, 2019

For the first time since the federal government criminalized marijuana, a Congressional committee has approved marijuana decriminalization legislation. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act, just approved by the House Judiciary Committee, would also require federal courts to expunge prior convictions for marijuana offenses, and allow states to set their own marijuana policies. Additionally,[...]

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Non-Residents Flock to New Mexico for Medical Cannabis Cards

November 22, 2019

New Mexico is the first state to open up its medical cannabis program to non-resident visitors, and residents of other states are beginning to flock to New Mexico seeking 3-year medical cannabis patient cards from the state. A total of 130 patients from outside the state were issued 3-year medical marijuana cards from New Mexico[...]

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USDA Announces Hemp Regulations

November 14, 2019

The U.S. Department of Agriculture is providing some long-awaited regulatory clarity on the production, distribution and sale of hemp products. It published an interim set of rules on October 31 that remains in effect until 2021, whereupon the rules are expected to be adopted in final form, with possible amendments. According to industry observers, USDA[...]

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