Currently, the Federal Bank Secrecy Act prohibits financial institutions with federally approved charters from accepting money generated from the sale of illegal narcotics, including cannabis. Securing traditional banking services is a major hurdle for U.S. cannabis businesses. As the drug remains illegal under federal law, most financial institutions choose to avoid the … [Read more...] about Marijuana industry finds it’s easier to grow cannabis than capital
In The News
Once imprisoned for pot sales, a family stakes its place in legal cannabis
ALBANY — The front doors on a new retail marijuana shop along Everett Road are painted red — a tribute to the “red line” logo on the bags of weed that had been a hallmark of the Robinson family’s bustling marijuana trade a quarter century ago in Albany. For Mark A. Robinson, a 60-year-old Albany County legislator who had once been the de facto leader of that illegal enterprise, … [Read more...] about Once imprisoned for pot sales, a family stakes its place in legal cannabis
Corriverton taxi driver busted with close to $35m marijuana
A Corriverton taxi driver was on Wednesday evening busted along the Corentyne highway with his motorcar heavily packed with packages of cannabis which amounted to close to $35m worth. Police yesterday said, that an intelligence-led operation by ranks from Regional Police Division 6 and Police Headquarters on the Number 45 Public Road, Berbice, resulted in the interception of a … [Read more...] about Corriverton taxi driver busted with close to $35m marijuana
Berkeley post office workers sentenced in cannabis package theft scam
Two former U.S. Postal Service clerks who worked at the West Berkeley post office have been sentenced for their roles in a scheme to steal packages of cannabis out of the mail. A third defendant is scheduled for sentencing in August.All three defendants entered into plea agreements with federal prosecutors. They were first indicted in July 2023, accused of stealing the packages … [Read more...] about Berkeley post office workers sentenced in cannabis package theft scam
Smokin’ in the Boys’ Room: School principals worry recreational sales will spur increased marijuana usage among students
The student found 57% of principals believed the legalization of marijuana will negatively affect the staff’s ability to detect non-smokable marijuana products, such as edibles.Jacob Hamilton/MLive.com COLUMBUS, Ohio - As Ohio moves toward recreational marijuana sales, school principals are concerned about increased usage among students, according to recent research from Ohio … [Read more...] about Smokin’ in the Boys’ Room: School principals worry recreational sales will spur increased marijuana usage among students
Northern California deputies execute massive marijuana bust yielding over 25,000 plants
(FOX40.COM) — One day after California State Parks revealed the removal of about 6,000 pounds of marijuana grow waste from a series of parks throughout the state, a Northern California agency has announced the discovery of even more illegal marijuana in the region. On Thursday, the Yuba County Sheriff’s Department said its marijuana enforcement team executed 15 search warrants … [Read more...] about Northern California deputies execute massive marijuana bust yielding over 25,000 plants
Avicanna Exports Cannabinoids To Singapore Legally — Even Though Cannabis Is Punishable By Death In The Country
Cannabinoid-focused biopharmaceutical company Avicanna Inc. AVCN AVCNF 0NN announced on Thursday that it has completed the commercial export of Aureus-branded purified cannabigerol (CBG) products into Singapore through its majority-owned subsidiary Santa Marta Golden Hemp. The company said that, with this transaction – its first export into Asia, Aureus-branded products have … [Read more...] about Avicanna Exports Cannabinoids To Singapore Legally — Even Though Cannabis Is Punishable By Death In The Country
New Breathalyzer Technology Could Revolutionize Cannabis DUI Detection
The legalization of marijuana and the proposed rules to reclassify cannabis have presented certain issues for companies and law enforcement. This company, already a specialist in drug testing methodologies, just announced promising results from early testing of their marijuana breathalyzer technology. Together with Omega Laboratories. Omega, a leader in forensic drug testing, … [Read more...] about New Breathalyzer Technology Could Revolutionize Cannabis DUI Detection
Commentary: The environmental impacts of cannabis — EarthTalk
Cannabis is an increasingly popular recreational and medicinal drug that is capable of producing psychogenic effects. As more states legalize cannabis for some medicinal and recreational uses, cannabis production is on the rise. On average, cannabis requires double the amount of water than food staples like corn, soybean and wheat. Over 60% of marijuana grown in the United … [Read more...] about Commentary: The environmental impacts of cannabis — EarthTalk
House Lawmakers Vote To Block Federal Marijuana Rescheduling
The House Appropriations Committee on Tuesday approved legislation to block the Biden administration’s ongoing efforts to reschedule marijuana and ease restrictions on the drug under federal law. The Republican-led panel approved an amendment to a funding bill that blocks the Department of Justice from acting on the rescheduling plan, which is currently in the midst of a … [Read more...] about House Lawmakers Vote To Block Federal Marijuana Rescheduling