With the advent of a legal medical marijuana business in the state of New York, the pressure is on to pass federal reform. Legalization of the medical market here has forced the banking issue into the spotlight of legalization like no other.
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When it comes to all things cannabis, there have been a couple of surprises of late on the East Coast, despite or perhaps because of the prevailing winds of regulation and legalization in California.
While enormous fanfare currently surrounds hot and developing marijuana markets already in play, like Oregon, Nevada, New York and California, East-coaster Maryland has begun to come into its own a bit more quietly.
In what most are calling a landmark development not only for state regulation of the industry but for its potential impact on the national debate, lawmakers in California passed the Medical Marijuana Regulation and Safety Act on September 11, 2015.
Salem’s Alternative Therapies Group, a state-licensed dispensary, sent an email addressed to “Dear Patient” to 157 email addresses. The recipient patients were all visible to each other because they had been carbon copied.
If you’re looking for the seeds of a powerful moneymaker, this could be it. But telling the forest from the weeds is another story.
One of the ongoing rationalizations for the legalization of the drug trade in the United States has been to stop the associated crime that comes with prohibition. The drug trade across the Mexican border is one of the bloodiest on a regular basis.
Stocks resumed their recent risk on rally with strength in international, emerging, small and micro cap stocks. It is interesting to see strength in the technology sector despite the drubbing in price for micro-blogging site, Twitter.
4Front Advisors offers industry expertise to dispensary operators and investors in order to maximize business performance.