Legislation and Regulation: Page 214

SAFE Banking Act Reintroduced in U.S. Senate

The legislation would protect financial institutions that work with state-legal cannabis businesses from federal prosecution.

‘I, Too, Share Your Concern’: Treasury Secretary Urges Bipartisan Banking Fix for Cannabis Industry

In comments on banking, Steve Mnuchin avoided advocating for federal legalization of cannabis.

Cresco Labs’ Major Acquisition Continues M&A Trend in 2019

The Chicago-based company acquired California-based Origin House in a C$1.1-billion deal.

California Senate Approves Bill Extending Cannabis Cultivation Permits, Oregon Considers Interstate Transfer of Marijuana: Week in Review

The legislation would enable California officials to extend nearly 7,000 temporary cannabis growing licenses through mid-September.

Attorney General William Barr Indicates Support for STATES Act, Calls Current System 'Intolerable'

Barr said April 10 during a Senate Appropriations subcommittee hearing that he would prefer the U.S. take an approach to marijuana similar to the one outlined in the bill.

New Bill Would Protect Veterans from Losing Federal Benefits for Marijuana Use

The new legislation would also allow VA physicians to recommend medical cannabis to patients.

Illinois Governor Supports Home Grow Provision for Recreational Marijuana

"People should have home grow, but the question is 'how much?'” he said.

South Carolina Senate to Hold Hearings on Medical Cannabis Bill

The Senate Medical Affairs Committee will hold hearings April 11 on the SC Compassionate Care Act (S. 366), which would establish a comprehensive medical cannabis program in South Carolina.

U.S. Sen. Mitch McConnell Wants to Fix Farm Bill’s Hemp Legalization ‘Glitches’

Confronting law enforcement in the U.S., McConnell wants to address problems in the bill he helped pass.

Despite Heated Opposition, Florida House Panel Pushes Forward Medical Marijuana Restrictions

A House committee advanced a proposal that would cap the level of THC in smokable medical marijuana.

Cannabis Advocates See Banking Reform on Horizon as SAFE Banking Act Gains Momentum in Congress

The legislation would allow banks to work with the cannabis industry without fear of federal prosecution.

Oregon Anticipates Interstate Marijuana Commerce

The Senate Judiciary Committee advanced a bill empowering the governor to enter into agreements with other states for cannabis transactions.

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