Lawmaker Introduces Bill to Help Small Businesses Navigate Cannabis Industry

A bill introduced in Congress last week aims to help small business owners navigate the ins and outs of cannabis licensing.

The legislation, the Homegrown Act of 2019, would set up a so-called Small Business Association grant program to “provide state and local governments with funding to help small businesses navigate cannabis licensing and employment with a focus on communities most impacted by the War on Drugs,” according to the bill’s sponsor, Rep. Dwight Evans, a Pennsylvania Democrat. Continue reading “Lawmaker Introduces Bill to Help Small Businesses Navigate Cannabis Industry”

Federal marijuana bills boosted by new supporters as Congress gets back to work

Lawmakers lined up behind several cannabis-related House bills in the wake of U.S. Attorney General Jeff Sessions’ policy shift last week rescinding the Obama-era Cole Memo that had protected states with marijuana laws.

The U.S. House of Representatives officially returned from recess Tuesday morning, but a slew of Democrats got to work Monday by adding their names as co-sponsors on four marijuana-related bills: The Respect State Marijuana Laws Act of 2017 (House Bill 975), The Ending Marijuana Prohibition Act of 2017 (House Bill 1227), Marijuana Revenue and Regulation Act (House Bill 1823), and Regulate Marijuana Like Alcohol Act (House Bill 1841). Continue reading “Federal marijuana bills boosted by new supporters as Congress gets back to work”

Jared Polis: Leave cannabis regulation to the states, President Trump

It turns out we are more the rule than the exception here in Colorado: A majority of Americans now live in an area that allows legal access to recreational or medical marijuana. You only have to look to the success of Colorado to see why the legalization of cannabis has occurred throughout the nation. Continue reading “Jared Polis: Leave cannabis regulation to the states, President Trump”

Senators Call for Cannabis Banking Reform

A bipartisan group of Senators sent a letter to the head of the Financial Crimes Enforcement Network (FinCEN), encouraging federal regulators to take action to give state-legal cannabis businesses access to banking services.

Banking has long been a thorn in the side of cannabis business owners. Because cannabis remains a federally illegal Schedule I drug, most national banks won’t allow state-licensed cannabis businesses to open account. Continue reading “Senators Call for Cannabis Banking Reform”