Florida Bank Faces the Sting of ‘Failed’ Cannabis Compliance
A minority shareholder in the First National Bank of Pasco says the Florida-based financial institution has failed to overhaul its board and implement compliance... Read more.
Hemp Farmer Sues Connecticut Over Social Equity
A Connecticut hemp farmer is suing his state over social equity rules that have prevented him from converting his farm into a licensed cannabis cultivation site.... Read more.
NY Operator Threatens Lawsuit Amid Alleged Omnium Link
New York operators are pushing back against the Office of Cannabis Management’s recent attempt to crack down on what it describes as a reverse licensing scheme.... Read more.
Curaleaf Denies Diversion Suspicions in Illinois
Curaleaf (CURLF) denied allegations that it was suspected by the State of Illinois of allowing diversion out of its Litchfield, Ill. grow site, in an Oct. 20 motion... Read more.
Michigan Cultivator Surrenders Grow Licenses
Michigan operator Cherry Industries surrendered its cultivation license and agreed to not apply for a new one, under a September consent order with the Cannabis... Read more.
Nebraska Awards the First Two Cultivator Licenses
Nebraska’s Medical Cannabis Commission (MCC) awarded the state’s first cannabis cultivator licenses, almost a week after the Oct. 1 deadline for new licenses... Read more.
KY Hemp Co. Sues TN Over New Regulations
Kentucky-based Cornbread CBD is suing Tennessee’s Alcoholic Beverage Commission in federal court over new regulations that will block mail-order sales to customers... Read more.
FinCEN Issues Advisory on Chinese Money Laundering
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) is urging financial institutions to be on the lookout for evidence of Chinese Money Laundering... Read more.
Will Rescheduling Cannabis Entice More Banks?
National cannabis reform may be on the horizon, but what would that mean for banks working with an industry that’s already expected to surpass $35 billion... Read more.
4th Circuit Upholds Maryland’s Social Equity Program
The Fourth Circuit Court of Appeals ruled in favor of Maryland’s social equity licensing rules, affirming the denial of a preliminary injunction against a series... Read more.
