In early August of 2019, the FBI officially announced that it was investigating possible corruption in the US cannabis industry. In a recent podcast, Mollie Halpern, an FBI Public Affairs Specialist, said that there is more corruption in central states where licensing is not centralized.
Read more FBI Investigates Corruption in the Cannabis Industry
The signing of HB 1438 into law brings with it new opportunities and benefits for Illinois residents. Not only can they expect to have the legal ability to buy recreational cannabis in 2020, but close to 800,000 people will have their criminal records expunged for having been convicted of possession or purchase of marijuana.
Read more Texas and Tennessee Bans Weed but Profits Off Legal Weed in Illinois
Arizona, Delaware, New York, New Jersey, Connecticut, Maryland, Rhode Island, New Mexico, and Ohio are expected to join the recreational use bandwagon. With the growing stimulus of tax revenues and more employment, the economic benefits of full legalization are not to be ignored.
Read more 20 States Expected to Fully Legalize Marijuana by 2024
The sector is now gaining a new boost thanks to the recent passing of the Agriculture Improvement Act of 2018, or 2018 Farm Bill, that rescheduled some cannabis products, including those derived from hemp.
Read more Hemp Seed Bank is Currently under Construction in New York
Why Cannabis Stores Are Investing in Facial Recognition Technology? Facial recognition software has helped such businesses weed out potential threats by running checks on databases right from the moment a potential customer arrives at the door.
Read more Facial recognition, is it coming to a dispensary near you!
The Secure and Fair Enforcement (SAFE) Banking Act was approved in March 2019 by the House Financial Services, and advocates are anticipating a full House vote. Key lawmakers have been talking for months about placing this legislation on the calendar for a full House vote.
Israel has discreetly become a powerhouse in the medical marijuana business over the last few decades. Its interest in the herb began with the research work of Prof. Emeritus Raphael Mechoulam.
Read more College in Israel Will Provide a Degree in Medical Marijuana
The three vertically integrated companies will soon start growing their own cannabis and cause an oligopoly. Other states, like Colorado, have stopped awarding additional licenses to marijuana companies, almost encouraging oligopolies.
Read more Monopolies & Acquisitions in the Cannabis Industry
Most people are worried about receiving a fine, less than a year jail time or probation if caught with marijuana in the U.S. Other countries do not take drug offences lightly and impose the harshest of penalties including death.
Read more Americans Found Growing Cannabis May Receive Death Penalty in Myanmar
Senate Minority Leader and New York Representative have worked side by side on the Marijuana Freedom and Opportunity Act. Let’s take a quick peek at the summary of what this bill entails and what it can mean for the cannabis industry, consumers and communities nationwide.
