The rapid growth of the cannabis industry brings a host of challenges, particularly in the realm of banking and financial compliance. Navigating these challenges is crucial for cannabis-related businesses (CRBs) to ensure they operate within legal boundaries and maintain access to essential financial services. This guide provides business owners with the critical information needed to
Marc Fogel received a 14-year sentence for “large-scale drugs smuggling” after he was found in possession of just half an ounce of cannabis in Russia in August 2021. While legislators have made many attempts to assist Fogel in returning to the U.S., there has been little traction in the effort. Most recently, the U.S. Senate
The Idaho Farm Bureau Federation recently released information regarding an increase in hemp cultivation for last year. During 2023, farmers planted 1,273 acres of hemp, which is a massive increase from the 459 acres cultivated in 2022. Idaho was the 50th state in the U.S. to legalize the production and cultivation of hemp after Gov.
Cannabis each day keeps prostate cancer away: Prostate cancer (PC) prevalence was lower in both current and former cannabis users compared to non-users in a recent study. Alternative medicines are needed. In the United States, one in eight men will be diagnosed with prostate cancer in his lifetime—the most common non-skin cancer form. For this
A 41-year-old woman in a case study reported remarkable improvements of longhauler’s symptoms after taking psilocybin and MDMA-assisted therapy sessions. A case report, “Long-COVID symptoms improved after MDMA and psilocybin therapy: A case report,” was published May 24 in the journal Clinical Case Reports. The woman in the case study was healthy before contracting COVID-19
New Jersey Gov. Phil Murphy recently visited Prolific Growhouse on May 30 to tour the facility, speak with founder David Nicolas about his journey as a business owner, and learn about the strain named after him. During the tour, Nicolas showed Murphy various parts of the operation, including cultivation, processing, and packaging. Nicolas explained that
Rhode Island will offer a cannabis training program that prepares workers for industry, providing the skills they will need to thrive in the workforce. According to a May 29 announcement, Rhode Island’s labor department will fund a cannabis training program to accommodate the bustling industry. The Community College of Rhode Island (CCRI) is launching an eight-week
A new law in Iowa governing hemp products has drawn complaints from local brewers and retailers, with some even threatening legal action. The measure, which was passed by Hawkeye State lawmakers in April and signed into law by Republican Gov. Kim Reynolds last month, “prohibits the sale and possession of consumable hemp products that contain
The California Department of Public Health (CDPH) has issued a notice warning consumers not to drink Mary Jones hemp-infused sodas, saying the products are illegal in the state and potentially dangerous. The health agency urged consumers who have purchased the sodas not to drink them and encouraged those who may have experienced ill effects from
The landscape of cannabis banking in the United States is complex and is primarily influenced by federal legislation. Understanding how these laws impact cannabis businesses is crucial for navigating the financial challenges within this blossoming industry. Understanding Federal Legislation and Its Impact Federal laws, such as the Controlled Substances Act (CSA), classify cannabis as a
