MJ-Related SARs Hit Highest Level in First Quarter
Financial institutions filed the most marijuana-related Suspicious Activity Reports (SARs) in the first quarter 2024 than in any other quarter during the last 10... Read more.
NYC Launches Social Equity Cannabis Loan Fund as State Pauses Its Program
As New York state’s Cannabis Social Equity Investment Fund halts its lending program following negative news reports, New York City is trying to fill part of the... Read more.
MD to Hold Cannabis License Lotteries Following End of Litigation
The Maryland Cannabis Administration will hold social equity cannabis license lotteries Friday, June 28, for Talbot and Calvert counties after a pair of lawsuits... Read more.
Arkansas Judge Denies Stay on Dispensary License Revocation
An Arkansas Circuit Court judge on June 20 denied dispensary owner Dragan Vicentic’s motion to stay the revocation of his license for Green Springs Medical. The... Read more.
Former Massachusetts Town Official Arrested for Cannabis Investor Fraud
The former chair of the Select Board of Grafton, Mass., was arrested June 7 on federal charges alleging he collected $432,000 from nine investors who thought they... Read more.
If Cannabis is Rescheduled, 280E Tax Savings Could Take Effect Immediately
Assuming that cannabis is moved to Schedule III, attorneys and accountants believe the tax impact on businesses could be immediate. Attorney General Merrick Garland... Read more.
Republicans Add Cannabis Banking Protection to Federal Funding Bill
Language to protect financial institutions that provide services to the cannabis industry was added to a federal funding bill by a Republican-led House subcommittee.... Read more.
Rescheduling Cannabis: Formal Rulemaking Process Can Drag On for Years
The clock has started ticking with the May 21 posting in the Federal Register to reclassify cannabis to Schedule III of the Controlled Substances Act. Optimists... Read more.
AG Garland Submits Proposed Rule to Reschedule Cannabis
Approximately two weeks after the Department of Justice confirmed it was circulating a proposal to reschedule cannabis to Schedule III of the Controlled Substances... Read more.
OK Suspends 9 Businesses Following Seizures of Untagged Pot
Oklahoma licensing regulators suspended nine medical cannabis businesses after untagged cannabis was allegedly found during a multi-agency operation in Muskogee... Read more.
