On Oct. 19, 2016, Gallup released its latest poll on marijuana legalization support in the United States, finding that public support is at 60%, a record-breaking percentage for legalization in Gallup’s 47-year polling history.
As more and more states legalize the use of marijuana, which is banned under U.S. federal laws, banks are facing “unsustainable tension” that needs to be resolved by Congress, San Francisco Fed President John Williams said on Tuesday.
This November’s election could be a decisive turning point in the struggle to end U.S. marijuana prohibition. It’s been a long time coming.
A new report on the cannabis industry details its explosive growth and may be pointing to a different kind of job market.
On Aug. 16, 2016, a federal appeals court banned the Department of Justice from prosecuting medical cannabis cases as long as defendants hadn’t broken state laws.
Democratic presidential candidate Hillary Clinton plans to reschedule marijuana if she is elected in November, according to a statement issued by the campaign.
On Aug. 11, 2016, the Drug Enforcement Agency announced that it would not reschedule marijuana. This announcement comes after months of rumors and speculation that the federal agency was preparing to change marijuana’s classification.
On July 29, Illinois Gov. Bruce Rauner signed a bill removing the threat of arrest for small amounts of marijuana, capping a record year of legislative and administrative marijuana policy reforms throughout the country.
Declining tobacco use could soon intersect with a steady uptick in the smoking and consumption of another leafy drug – marijuana.
On Aug. 8, 2016, Gallup released the results for its latest poll on marijuana use in America, finding that one in eight American adults currently smoke marijuana, which is almost double the percentage calculated in 2013.
Marijuana supporters are crossing their fingers that the Obama administration will act soon to reschedule cannabis because neither candidates for president or vice president are giving them any positive feelings.
On July 13, 2016, the United States Senate Judiciary Subcommittee on Crime and Terrorism will hold a hearing at 2:30 p.m. ET to review the benefits and risks of medical marijuana.
On July 10, 2016, NORML announced that Allen F. St. Pierre, executive director of NORML, a consumer advocacy organization focused on reforming state and federal cannabis laws, had submitted his resignation to the NORML board of directors.
The Internet is buzzing with claims that the DEA is planning to reschedule marijuana on August 1. But, unfortunately for the cannabis community, those claims are most likely not true.
A group of Democratic lawmakers is renewing pressure on the Drug Enforcement Administration to remove marijuana from its current position on a list of the most dangerous drugs, a category that includes heroin and ecstasy.
On June 21, 2016, the House Committee on Rules blocked an amendment to H.R. 5485, the Fiscal Year 2017 Financial Services and General Government Appropriations Act, that would have prohibited regulators from penalizing financial institutions that provide services to state-legal marijuana businesses.
Despite strong bipartisan votes in both the House and Senate to allow military veterans to receive medical marijuana recommendations through the Department of Veterans Affairs (V.A.), Congressional leadership is blocking the change from becoming law.
On June 20, 2016, survey results from Prevention magazine revealed that 75 percent of Americans support medical marijuana legalization.
While the demand for edibles continues to rise, so too do the expectations for producers to follow good manufacturing practices and food safety plans consistent with federal requirements.
On April 20, 2016, NORML, the oldest non-profit public-interest legalization organization, released its 2016 Congressional Scorecard, assigning members of Congress letter grades ‘A’ through ‘F’ based upon their marijuana-related voting records and comments in 2015.
A group of more than 50 physicians, including a former surgeon general and faculty members at some of the nation’s leading medical schools, has formed the first national organization of doctors to call on states and the federal government to legalize and regulate the use of marijuana in the interest of public health.
According to a letter dated April 4, 2016, the Drug Enforcement Administration is currently assessing the Food and Drug Administration’s recommendation to reschedule marijuana.
The two oldest members of the U.S. Senate convened a four-witness hearing Tuesday to discuss concerns about marijuana legalization, but chose not to invite anyone supportive of the policy or with direct experience administering recreational pot laws in Western states.
Weekly CannaBit for the week of March 28, 2016: According to the 4th Edition State of Legal Marijuana Markets report, published by ArcView Market Research and produced by New Frontier, California is the largest medical marijuana program in the country.
On March 25, 2016, the Associated Press and University of Chicago released a survey showing support for marijuana legalization is at an all-time high.
A collection of state lawmakers from three different states are pressing financial regulators to issue clear banking guidance to financial institutions regarding legal marijuana businesses.
In 1994, John Ehrlichman, the Watergate co-conspirator, unlocked for me one of the great mysteries of modern American history: How did the United States entangle itself in a policy of drug prohibition that has yielded so much misery and so few good results?
Weekly CannaBit for the week of March 21, 2016: With all of the 2015 year-end data, and a strong opening to 2016, New Frontier has revised the medical and adult use market projections to reflect the market’s continued explosive growth.
On Monday, March 21, 2016, the U.S. Supreme Court rejected a lawsuit filed by Nebraska and Oklahoma against Colorado that asked the Supreme Court to enforce the supremacy of federal law as a means of halting the legal marijuana market in Colorado.
On March 14, 2016, the real estate blog Estately released a report ranking states based upon “enthusiasm” for marijuana.
On March 15, 2016, an official from the Office of the Comptroller of the Currency indicated at the ABA Government Relations Summit that federal banking agencies are in discussions with FinCEN regarding banking for marijuana-related businesses.
Baltimore Ravens offensive tackle Eugene Monroe is calling on the NFL to change its stance on barring players from using marijuana. Speaking with CNN, Monroe said that professional football is a sport where “your job automatically gives you the symptom of chronic pain,” and expressed concern over the prevalence of using addictive opioids to get players back…
When FDA barriers change, regulations deal fortune to some and hardship to others. On March 4, 2016, at the California Cannabis Business Expo in San Francisco, Stephen Goldner, Senior Forensic Toxicologist at Quantum 9, a cannabis consulting and technology firm, addressed the U.S. Food and Drug Administration’s role in regulating the cannabis industry in life after legalization.
Now that 23 states have legalized cannabis for medical use and more appear likely to do so in 2016, the conflict between federal and state laws has become especially glaring. Would it not make sense, as advocates have been arguing for years, to either re-schedule or de-schedule cannabis?
The Supreme Court of the United States has again delayed any decision regarding the future of legal marijuana in the United States. According to the Denver Post’s John Ingold this morning, the SCOTUS has yet to decide whether to hear or reject a lawsuit brought by two of Colorado’s neighboring states, Nebraska and Oklahoma. Read…
Legal marijuana may be doing at least one thing that a decades-long drug war couldn’t: taking a bite out of Mexican drug cartels’ profits.
Former Attorney General Eric Holder is calling on Congress to reschedule marijuana.
Weekly CannaBit for the week of Feb. 22, 2016: Alaska has the highest electricity rates among the markets where adult use of marijuana is currently legal and the seven states most likely to legalize in 2016.
Justice Antonin Scalia’s death on Saturday has sent ripples through America’s political system, and those ripples will likely extend to a major Supreme Court marijuana case this Friday.
Legal cannabis is a protean market that reacts to internal factors affecting individual cultivators, as well as external factors from the evolving regulatory landscape.
On Jan. 26, 2016, Americans for Safe Access announced that it had issued its annual report, an analysis of state medical marijuana laws from a patient’s perspective.
As voters in more states embrace legalized marijuana sales, the burgeoning cannabis industry has gone from a curiosity to a bona fide booming market.
In what has been seen, depending on one’s perspective, as an obvious legal stance or an administration taking an overdue stand on federal intent, the Obama administration has again spoken publicly about its stance on marijuana reform.
Weekly CannaBit for the week of Dec. 7, 2015: Women are significantly less likely to participate in medical marijuana programs than men. Women account for half of the U.S. population but only represent one-quarter of the patients in Arizona.
In what is likely to be a recurring theme for the next few years as federal law catches up with state reality, the United States Postal Service has become the next federal agency to enter the legalization fray with a misstep likely to help clarify rules for the new industry.
On Nov. 30, 2015, the National Cannabis Industry Association, a national trade group for cannabis-related businesses, announced its 2016 Lobby Days, taking place May 12-13, 2016, in Washington, D.C.
Three days after presidential candidate and Vermont Sen. Bernie Sanders introduced the “Ending Federal Marijuana Prohibition Act” of 2015,” the grand dame of Democratic presidential politics finally changed her position on one of the most pressing political issues in America.
On Oct. 19, 2015, Charles R. Breyer, a judge of the U.S. District Court for the Northern District of California, narrowed the scope of an injunction against the Marin Alliance for Medical Marijuana, effectively allowing the MAMM to get back into the business of dispensing pot.
On Nov. 7, 2015, at a democratic campaign event in South Carolina, presidential candidate Hillary Clinton called for additional research on medical marijuana.
Weekly CannaBit for the week of Nov. 2, 2015: A growing majority of Americans now support marijuana legalization according to Gallup’s latest poll on marijuana attitudes.