Uncategorized Archives - Page 7 of 23

Banking News

May 22, 2019/in Banking, Businesses, Uncategorized /by Admin

U.S. state bankers’ associations jointly sent a letter to leaders of a key Senate panel saying they support cannabis banking reform and urging the committee to hold a hearing on the overall merits of such legislation.

Colorado Attorney General Phil Weiser, sent a formal letter to Congressional leaders last week demanding that lawmakers pass the SAFE Banking Act or similar legislation that would provide a safe harbor for banks to provide financial services to the marijuana industry.

A bill to allow financial institutions to assist the cannabis industry without penalization has backing on both sides of the aisle and from the White House.

A survey found that 82% of banking executives want the federal government to allow financial services providers to do business with the marijuana industry.

As usual, Colorado leads the way, this time in pest control

May 22, 2019/in Safety, Uncategorized /by Admin

With no guidance from the EPA, it is difficult for the marijuana industry to regulate pesticides and other safety concerns, but Colorado and other states are figuring it out and developing their own standards.

Marijuana banking bill gains momentum with prosecutors’ support

May 9, 2019/in Legislation, Uncategorized /by Admin

The attorneys general of 33 states and five U.S. territories said they support congressional legislation that would allow cannabis companies in Colorado and elsewhere to use banks without fear of federal repercussions.

“For too long, the status quo has pushed legitimate businesses outside the banking system and into cash-dependent models, creating a lucrative target for violent and white-collar crime,” said Colorado Attorney General Phil Weiser, who lead the effort on uniting the group.

AND that’s a wrap…

May 8, 2019/in Medicinal, Polis, Uncategorized /by Admin

After what seemed like an eternity, the Colorado legislature closed out its 2019 session last week. There were 15 bills related to cannabis and hemp and thirteen passed. Only one has been signed into law by Gov. Jared Polis, but the others are expected to be signed in the near future.

The highlights include bills:

Adding autism spectrum disorders to the list of disabling medical conditions for medical marijuana use. Signed into law. More »
Allowing greater investment flexibility in marijuana businesses. More »
Permitting delivery of regulated marijuana by regulated marijuana sellers. More »
Legalizing consumption of cannabis in designated marijuana hospitality establishments. More »
Allowing physicians to prescribe opioids to the list of disabling medical conditions for medical marijuana use. More »
Two separate measures that extend and update the state’s medical and retail marijuana codes. More »

Marijuana tax money targeted for Colorado’s full-day kindergarten rollout

April 24, 2019/in Education, Tax, Uncategorized /by Admin

Up to $25 million is expected to help districts in rural areas, as well as others struggling financially. The money would help buy new desks and furniture, fixtures for bathrooms and classrooms, and other equipment schools need as they expand their full-day kindergarten offerings.

The bill, HB-1055, won House approval 56-8 and now awaits action by the Senate.

Also at the legislature . . .

April 24, 2019/in Crime, Legislation, Politics, Uncategorized /by Admin

The Colorado House passed a bill to reduce drug possession penalties, moving the bill to the Senate. The bill would lower the penalty for Schedule I or II drug possession to a level 1 drug misdemeanor instead of a level 4 drug felony. Level 4 drug felonies are punishable by six to 12 months in prison.

The bill allowing greater investment flexibility in marijuana businesses, HB-1090, cleared another hurdle Tuesday, when appropriations committee referred it unamended to the Senate. The Denver Business Journal gave a preview of what passage of the bill may mean to Colorado.

File under “People in glass houses”

April 24, 2019/in Politics, Trump, Uncategorized /by Admin

The Trump administration issued a memo saying immigrants working in legal marijuana industry lack “moral character” for citizenship.

Business News

April 24, 2019/in Businesses, Investment, Legislation, Safety, Uncategorized /by Admin

Good news for those seeking investors

A poll found that 46% of U.S. adults would consider investing in the marijuana industry.
View the Poll »

Bank of America began covering marijuana stocks.

Pinnacol Assurance released its first-ever public data analysis of safety in Colorado’s cannabis industry.

“As a whole is relatively safe compared with other cultivation, retail and manufacturing jobs in Colorado.”

Dave Martyn, president of the Compass Cannabis chain of Canadian dispensaries…

sat down with Peter Miller, CEO of cannabis branding and packaging company SLANG Worldwide. When discussing exactly what the future of the global cannabis industry will look like, both Miller and Martyn suggested companies look to the past. Industry models in recreational cannabis forerunners like Colorado, Washington and of course Canada, serve as examples of what works.
Check it Out »

Hometown reporter and cannabis industry hits national mainstream news as a legitimate beat

Former cannabis reporter Alicia Wallace from The Denver Post is headed to CNN for their new cannabusiness coverage. CNN states: “CNN Business launches a new content initiative focused on one of the most dynamic growth industries in America: the cannabusiness sector. The next generation of entrepreneurs, investors, and consumers are captivated by this storyline, and CNN Business is making a new commitment to cover every aspect of the cannabis industry, from innovation to regulation.”

Read More »

Car fatalities

April 24, 2019/in Science, Uncategorized /by Admin

Much has been written recently about the “connection” between cannabis legalization and fatal car crashes. But a new study has concluded that “there is no statistically [significant] relationship between marijuana legalization and fatal crashes” and that the “concerns of policy makers and the public that legalizing marijuana will worsen road safety are not entirely founded.”

In Colorado, the study’s author noted that the fatal car accident rate was considerably higher compared to Georgia and Iowa in 2001, but that trend started happening prior to medical cannabis legalization and also leveled out by 2003.