Canadian regulators on Thursday reiterated their call for listed cannabis producers with U.S. businesses to clearly disclose risks of operating there, and warned of potential punishment if U.S. federal anti-marijuana laws are more strictly enforced.
Tag Archives: Regulators
TORONTO, Ontario, Jan. 16, 2018 /Weed Wire/ – On October 16, 2017, the CSA published Staff Notice 51-352 Issuers with U.S. Marijuana-Related Activities.
Medical marijuana maker CanniMed Therapeutics Inc (CMED.TO) should withdraw a shareholder rights plan adopted to fend off a hostile bid from larger rival Aurora Cannibis Inc ABC.TO, two Canadian regulators have ruled.
Making medical marijuana legal in Ohio will require breaking a few laws first. The state’s medical cannabis growers face a curious — and perhaps risky — predicament.
TRENON, N.J., Nov. 7, 2017 /Weed Wire/ – The New Jersey CannaBusiness Association (NJCBA), the state’s leading business advocacy group for expanding access to medical cannabis and responsible adult-use of cannabis, congratulates Governor-Elect Phil Murphy in his historic victory.
In an about-face, Michigan regulators said Wednesday that medical marijuana businesses can stay open while seeking a state license as long as they have been operating with the approval of their local community.
ANAHEIM, Calif., Aug. 25, 2017 /Weed Wire/ — Cannabis Trainers, the company behind the first responsible cannabis vendor training program approved by state regulators anywhere in the world, today announced its expansion into the promising California cannabis market ahead of full legalization in 2018.
Colorado’s largest city is on the brink of licensing some of the nation’s first legal marijuana clubs. The city plans to start accepting applications by the end of the month.
TMX Group Ltd. (TSX:X), the operator of the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), has reportedly been speaking with regulators to figure out what will happen to Canadian marijuana producers with assets in the U.S.
Canada’s TMX Group Ltd (X.TO) is seeking guidance from the country’s securities regulators, it said on Thursday, as it weighs how to deal with marijuana companies listed in Canada with interests in the United States, where the business remains federally illegal.
While the West Virginia medical cannabis industry has another two years until its program is implemented, a delegation of legislators and business leaders traveled to Colorado to get a head start and study the Centennial State’s medical cannabis system.
With the upcoming implementation of Proposition 64 on Jan. 1, 2018, the California State Association of Counties, the Rural County Representatives of California and the Urban Counties of California joined forces to co-sponsor the California Counties Cannabis Summit on July 19, 2017, in Sacramento, to get on the same page.
WASHINGTON, May 17, 2017 /Weed Wire/ — U.S. Senator Catherine Cortez Masto (D-Nev.) joined Senators Jeff Merkley (D-Ore.), Cory Gardner (R-Colo.), Ron Wyden (D-Ore.), Rand Paul (R-Ky.), Michael Bennet (D-Colo.), Patty Murray (D-Wash.), Elizabeth Warren (D-Mass.), and Brian Schatz (D-Hawaii) to introduce legislation to ensure that legal cannabis businesses can access banking services.
WASHINGTON, May 17, 2017 /Weed Wire/ — Senator Elizabeth Warren (D-Mass.) today joined a bipartisan group of senators led by Senator Jeff Merkley (D-Ore.) and including Senator Cory Gardner (R-Colo.), Senator Ron Wyden (D-Ore.), Senator Rand Paul (R-Ky.), Senator Michael Bennet (D-Colo.), Senator Patty Murray (D-Wash.), Senator Catherine Cortez Masto (D-Nev.) and Senator Brian Schatz (D-Hawaii) to introduce legislation to ensure that legal cannabis businesses can access banking services.
WASHINGTON, May 17, 2017 /Weed Wire/ — Today, Oregon’s Senator Jeff Merkley led a bipartisan group of Senators – including Senator Cory Gardner (R-CO), Senator Ron Wyden (D-OR), Senator Rand Paul (R-KY), Senator Michael Bennet (D-CO), Senator Patty Murray (D-WA), Senator Elizabeth Warren (D-MA), Senator Catherine Cortez Masto (D-NV) and Senator Brian Schatz (D-HI) – to introduce legislation to ensure that legal cannabis businesses can access banking services.
WASHINGTON, May 17, 2017 /Weed Wire/ — Today, Senator Patty Murray (D-WA) joined a bipartisan group of senators to introduce legislation to ensure that legal cannabis businesses can access banking services.
WASHINGTON, April 24, 2017 /Weed Wire/ — Today the Washington CannaBusiness Association (WACA) and its members applauded the work of state senators, representatives and Governor Inslee in their work to uphold our state’s regulated cannabis marketplace.
SACRAMENTO, Calif., Jan. 27, 2016 /Weed Wire/ — WHAT: State Senator Jerry Hill, Senator Cathleen Galgiani, Senator Ed Hernandez, and Senator Mike McGuire convene an informational hearing to question state regulators on their readiness to regulate recreational and medicinal pot by January 1, 2018.
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.
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.
Cannabis business owners must quickly become accustomed to living in a world where nearly every aspect of their operation is meticulously regulated.
Any discussion about investment risks in the cannabis industry must, of course, start with the fact that cannabis is federally illegal.
The marijuana banking bill introduced on July 9, 2015, in the Senate and passed out of the Senate Appropriations Committee on July 23, is way overdue.
Between lawsuits, regulatory wrestling and changes in elected officials, Illinois has had a difficult time in implementing its fledgling medical marijuana program.
SALEM, Mass. (AP) — The first medical marijuana dispensary in Massachusetts has opened nearly three years after voters overwhelmingly approved marijuana for medicinal use.
When banks close the accounts of legal marijuana businesses, they frequently cite the prohibitive cost of following Department of Justice and Financial Crimes Enforcement Network guidance about complying with the Bank Secrecy Act.
Last month the Alaska state legislature approved a bill which established a Marijuana Control Board responsible for regulating the newly legal industry.
All things considered, states have done fairly well with cannabis legalization, though challenges still persist. In Colorado, lawmakers are still grappling with how to harmonize recreational and medicinal cannabis markets.
The Oregon community bank that a week ago openly welcomed Colorado marijuana industry customers has changed its mind, publicly saying it doesn’t have the infrastructure to handle the overwhelming response for service.
Whether you knew it or not, the cannabis industry came dangerously close to losing a sizable portion of its market this week.
The success of Washington’s legal marijuana market can be considered iffy at best. Between high prices, low supply and licenses handed out by lottery, Washington is having a hard time getting into the swing of things.
There is a specter haunting Colorado, and that specter is edible marijuana. Ever since the state began recreational sales of marijuana at the start of the year, lawmakers have been racking their brains on how to regulate the market.
One of the leading arguments for the legalization of cannabis is the tax revenue a state can generate. Unfortunately for Colorado, instead of generating the predicted $33.5 million tax revenue, they only generated $12 million, a shortfall of $21.5 million.
It is being called the “Potcom Boom” and it has certainly given investors a high in recent months. But how long can it last?