This is the first hearing to be held by the new Congress that will begin tackling the issue of banking for cannabis companies. Businesses that work in states where cannabis has been legalized continue to struggle with financial institutions.
Sen. Kamala Harris (D-CA) clarified her positions regarding marijuana legalization in a recent interview, where she admitted to previous smoking weed and, unlike Bill Clinton, she did inhale.
Next week, House members will examine a piece of legislation, which would allow banks to do business with the cannabis trade without the risk of prosecution for money laundering.
A study published in the Addiction shows that while there is a little hell being raised on the roadways during the initial few months following legalization, the chaos sort of returns to normal within a year.
Though Arkansas voters passed Amendment 98 in 2016, which legalized medical cannabis in the state, Arkansas’s health department still hasn’t issued any official medical cannabis cards to struggling residents.
The Trump administration is turning over a new leaf concerning the cannabis culture in the United States, and that may begin under the guidance of a new Attorney General, William Barr.
Last week, U.S Representative Jim Himes of Connecticut urged Republicans not to let this shutdown business spin too far out of control, as it is creating a paradigm that stands to weaken democracy.
The future of marijuana legalization in the U.S. looks a lot brighter now that Democrats have reclaimed the House of Representatives following the 2018 Midterm Elections held this past November.
California was predicted to become the rockstar state in the realm of legal cannabis, but the recreational pot sales have not quite taken off in the way that many had hoped.