GOP lawmakers in the U.S. House of Representatives this week removed legislative provisions to protect banks that serve cannabis businesses from a federal funding bill after resistance from fellow Republicans. The legislation was removed from the financial services and general government bill that provides annual funding for the Treasury Department and federal payments for the… Keep Reading
State lawmakers in Massachusetts say a bill to regulate intoxicating hemp products is unlikely to pass this year despite their insistence that regulations are needed. Massachusetts has legalized and regulated medical marijuana and adult-use cannabis, and both are tightly regulated under state law. Hemp products, however, are generally legal under federal law but unregulated at… Keep Reading
Hemp business owners in Illinois are calling on lawmakers to approve legislation to regulate the state’s hemp industry instead of a bill that would ban products containing intoxicating cannabinoids including delta-8 THC. Last month, Democratic Senate Majority Leader Kimberly Lightford introduced a hemp regulation bill that would ban delta-8 and other hemp-derived intoxicating cannabinoids. Such… Keep Reading
When New York state lawmakers legalized recreational pot last year, they were intent on including measures that would ensure those negatively impacted by the War on Drugs and members of underserved communities would have a path into the emerging legal cannabis industry. Under these so-called social equity provisions, half of all licenses for marijuana businesses… Keep Reading
