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
Two suspects are accused of allegedly using an Airbnb rental to store a massive stash of drugs. According to the Alhambra Police Department (APD) in California, police officers found over 200 pounds of meth inside an Airbnb, leading to the arrest of two suspects driving a van nearby. Two suspects allegedly used an Airbnb as
An initiative to approve adult-use cannabis will appear on the ballot in South Dakota. Is the third time the charm? South Dakota voters will have a third chance to approve a ballot initiative to legalize adult-use cannabis, this time, Initiated Measure 29, which will appear on the 2024 general election ballot on Nov. 5. On
A recent study published in Biocatalysis and Agricultural Biotechnology analyzed the possibilities of genetically engineering cannabis to ensure consistency and targeting specifical cannabinoids. In “Using Advanced Biotechnological Techniques to Improve Cannabis Cultivars,” researchers from the University of Lethbridge’s Department of Biological Sciences in Alberta, Canada, explored the benefits of gene editing in cannabis. “Inherent breeding
The California Governor’s Office of Business and Economic Development (GO-Biz) announced a new batch of cannabis tax revenue community investments on May 31. This round’s grants for fiscal year 2023-2024, which was given to recipients from the California Community Reinvestment Grants program (CalCRG), includes 30 organizations and a total of $46.6 million. In order to be chosen
Cannabis regulators in Minnesota have destroyed cannabis products with a value of nearly $300,000, according to a report in local media. The cannabis products, which were seized from 58 businesses that had been selling them as THCA hemp flower, were destroyed after an agreement between state agencies allowed medical marijuana regulators to enforce a ban
Medical research into using the psychedelic MDMA to treat post-traumatic stress disorder is being called into question following allegations that a clinical trial investigating the treatment was potentially tainted by misconduct. The U.S. Food and Drug Administration is currently conducting a review of the psychedelic commonly called ecstasy for patients with PTSD. The treatment is
Bill Walton’s widespread impact on so many people in so many corners of life was evidenced by the universal outpouring of despondent grief and fond remembrance after the legendary college and pro center, innovative live sports broadcaster and emblematic Deadhead, truly one of the most unique Americans to have ever lived, sadly succumbed to colon
Harrison Narcotics Act The Harrison Narcotics Act was signed by then-President Woodrow Wilson on Dec. 17, 1914 and took effect on March 1, 1915, establishing a federal drug tax designed to generate revenue and curb the free trade of drugs. It was approved via three bills, H.R. 1966, H.R. 1967, and H.R. 6282. The bills
A new study based on data collected by law enforcement agencies suggests the availability of illicit psilocybin mushrooms in the U.S. has risen significantly compared to prior years. This uptick in psilocybin seizures suggests that the mushrooms are now easier to find on the street. Researchers at New York University (NYU) uncovered a rapidly growing
