Month: May 2024
Card payments remain a ‘challenge’ for legal cannabis as major banks avoid the sector. Changing classification won’t help.
That’s because banks are federally insured, while cannabis remains a banned substance at the federal level, whether its classified as…
Cannabis Meets Prescription Drugs, Steroids And Ketamine In Schedule III: What It Means, Key Stocks To Watch
Stocks To Watch In Schedule III The change is expected to provide substantial financial relief by allowing marijuana businesses to…
Cannabis use in dispensary parking lot? Some Stamford residents say it’s a problem; owners disagree.
Some residents have complained of consumption outside Curaleaf, which has sold cannabis for recreational use in addition to medical use…
Phoenix approves plan to address smell from marijuana business
Phoenix officials have approved a plan for a marijuana business to decrease its smell that some call “skunky.” …
Illinois cannabis business weighs in on Kentucky medical cannabis legislation
Medical marijuana is coming to Kentucky next year. In the neighboring state of Illinois, it’s been legal for more than…
SNDL: Federal Government Begins Rescheduling Process For Cannabis (Buy)
Cannabis stocks, including SNDL, rallied on news of federal cannabis rescheduling. SNDL’s SunStream USA structure has been approved by NASDAQ,…
DEA Rescheduling, Pa. Legalization Efforts May Breathe New Life Into Cannabis Practices
There’s not a legal practice area that hasn’t touched or worked for our cannabis practice here,” said Duane Morris cannabis…
Cannabis industry’s economic impact could be harmed by legislation
Concerns grow about the legislation, given the industry’s economic impact on the state. The current law allows the sale of…
Cannabis Stocks Soar as U.S. Eases Regulations: What Investors Need to Know Now
The U.S. decision to reschedule cannabis is revitalizing the industry’s stock market, lowering entry barriers, enhancing investment, and promising growth…
Formal Move to Reclassify Marijuana as a Less Dangerous Drug Marks Huge Policy Shift
A proposed rule sent to the federal register recognizes the medical uses of cannabis and acknowledges it has less potential…
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