Federal prohibitions are getting in the way of efforts to grow the U.S. marijuana business into a global industry. That’s allowed Canadian cannabis growers to dominate the export market. DENVER — In a large warehouse, LivWell Enlightened Health feeds its cloned cannabis plants a custom blend of nutrients, sprays them with filtered water and pumps […]
Federal Prohibition
More Legislative Activity for Legalization Puts Prohibition Enforcement in Doubt
With California set to completely rock the industry with recreational legalization beginning in January, that state and others are beginning to up the anty when it comes to testing the waters of full and complete legalization. The California state legislative body recently created a joint resolution calling for Congress to reschedule cannabis, which would basically […]
California Cannabis: Prepare Now For Your Upcoming Product Liability Wake-Up Call
Time and again I have warned cannabis industry participants that federal prohibition means nothing when it comes to liability created by defective products. Colorado is a prime example of the threat and the power of cannabis product recalls. And though for years now we’ve seen various cannabis businesses in Colorado pull their products from the shelves for illegal pesticides […]
Will SAFE banking act solve marijuana businesses’ banking issues?
Due to difficulty in obtaining financial services and because marijuana is a “cash only” business, marijuana-related businesses (MRBs) face staggering safety, security and operational issues. Help is on the way for this $7.2 billion per year industry via the Secure and Fair Enforcement Banking Act (SAFE Banking Act), 114 HR 2076, the stated aim of […]
Federal Cannabis Shenanigans
By Matt Walstatter The election of 2016 should have given cannabis proponents great cause to celebrate. Initiatives legalizing recreational cannabis prevailed in four of the five states where they were on the ballot. Medical cannabis triumphed in all four states where it was contested. But this landslide at the state level was overshadowed by the […]
Legislation Introduced in Congress to Regulate and Tax Marijuana Like Alcohol at the Federal Level; Statement Below From the Marijuana Policy Project
PRESS RELEASE Measures filed in the House and Senate on Thursday would remove marijuana from the Controlled Substances Act and create a federal regulatory process for states that choose to regulate the cultivation and sale of marijuana for adult use Additional bills filed in the House and Senate on Thursday would eliminate many of the […]
Business leaders form New Federalism Fund to support state-based cannabis trade
PRESS RELEASE New Federalism Fund will champion transparent regulation of state-based cannabis industry Denver, CO (03/21/17) – A coalition of companies related to the legal cannabis industry have announced the formation of the New Federalism Fund (NFF), an effort dedicated to working with Congress and the administration to protect current state-based regulatory systems for the […]
IRS 280E – A Cornerstone in the Foundation of Modern Federal Marijuana Prohibition
A commonly romanticized year in American history and pop culture is 1969, but there is one interesting event from that year that history has mostly forgotten. Just one month before the U.S. made history by landing a man on the Moon, the Supreme Court of the United States unanimously ruled the Marihuana Tax Act of […]
