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House Approves Marijuana Business Banking

marijuana business banking

The House voted 231-192 to prevent the Treasury Dept from spending funds penalizing banks that accepted dispensary deposits.

The United States House of Representatives approved a historic public safety measure to allow legal cannabis businesses to use the banking system.


More Colorado Marijuana Tax Dollars are Rolling In

As of July 1, over 200 marijuana shops were licensed, according to the Colorado Department of Revenue.

In the first five months of legal retail sales, Colorado dispensaries sold about $90 million worth of recreational marijuana, The Denver Post reported Thursday.


Washington State Liquor Control Board Issues First Marijuana Retailer Licenses

Washington State Marijuana Business24 Retail Marijuana Licenses Issued Across the State of Washington

OLYMPIA – The Washington State Liquor Control Board (WSLCB) today issued the state’s first 24 marijuana retailer licenses. A complete listing, including contact information of the new retail licensees, can be found online within the Public Records section of the WSLCB website.


Pennsylvania MMJ: Senate Law & Justice Committee Passes Medical Marijuana Bill

Marijuana News

State Senator Jim Ferlo (D-Allegheny), Democratic Chair of the Senate Law and Justice Committee, announced that the Committee passed Senate Bill 1182 establishing access to medical marijuana in Pennsylvania.


Gov. Inslee: Keeping marijuana away from teens top focus for state leaders

Gov. Inslee, Attorney General Ferguson, other state agencies announce safety and public awareness measures in preparation for opening retail marijuana stores


Green Rush: Boulder-area companies see big business in ancillary marijuana trade

During the California gold rush nearly two centuries ago, the first million was made not by a miner, but by a publicist and merchant who sold picks, shovels and other supplies to eager prospectors.


FDA Looking Into Rescheduling Marijuana

The Food and Drug Administration is considering reclassifying cannabis or de-listing it altogether, which would end the federal ban.

U.S. regulators are studying whether restrictions on marijuana should be eased -- a step toward decriminalizing the drug at the federal level, reports Bloomberg.


New York to Become 23rd Medical Marijuana State

Senate, Assembly and Governor Announce Deal.Thousands Will Still Benefit, Although Bill Excludes Smoked Marijuana

ALBANY — Gov. Andrew M. Cuomo and legislative leaders announced an agreement on Thursday for a pilot program to provide access to marijuana to sick New Yorkers, making the state one of the largest to embrace the drug’s use as medicine.


Illinois Investors Jump into the Marijuana Industry
By Kurt Erickson

SPRINGFIELD, Ill. — Investors around Illinois are jockeying for positions in the marijuana business as they wait for the state's new medical marijuana law to kick in. And some of them are politically connected.


When It Comes To Marijuana, Many VCs Still Won't Inhale
By Joe Garofoli

Silicon Valley entrepreneurs love to beat their chests about how disruptive they are. As the trope goes, they're fearless about betting on the next far-out idea, whether it's driverless cars, private space flight or the Airbnb of parking spots.


Colorado Law Sets up Marijuana Banks; Feds Must Approve

Marijuana Retail Industry

Plan to establish the world's first state-level banking system for the marijuana industry

DENVER — Colorado Gov. John Hickenlooper signed a bill designed to create the world’s first state-level banking system for legal cannabis companies, which lack access to basic banking services creating dangerous and difficult risks. 


Federal Medical Marijuana Defendant Returns to Washington, D.C. to Lobby Senate Ahead of Imminent Vote

marijuana business news

U.S. Senate could vote as early as next week on measure to restrict DOJ funds for medical marijuana enforcement