marijuana reform

The Biden administration is still behind in its campaign promise to work on decriminalizing marijuana. That's according to what White House press secretary Karine Jean-Pierre said during a news briefing on Monday. This came as a response to Pennsylvania's Lt. Gov. and Democratic Senate...

Last month, a long-awaited U.S. Senate legislation that would decriminalize and deschedule cannabis on the federal level, while also promoting social equity, was unveiled. Known as the Cannabis Administration And Opportunity Act (CAOA) — by Senate Majority Leader Chuck Schumer, Senators...

Jim Belushi first ventured into the cannabis industry as a legal cannabis farmer with a 48-plant crop in 2015. Nowadays, the "According to Jim" star runs the massive Belushi's Farm in southern Oregon, which is featured in the Discovery (NASDAQ: WBD) series "Growing...

Since July of 2020, military service members have been allowed to use CBD products, after the House of Representatives approved a measure permitting the use of hemp products as well as its derivatives. The measure passed by a vote of 336 to 71. The initiative was led by Hawaii Rep. Tulsi...

This article was originally published in December 2020. Cannabis regulations vary by state, with license caps serving as one of the more glaring differences. Depending where you are, caps may or may not be imposed on various points in the supply chain, which can include limits on ownership,...

In a recent episode of his “Firebrand” podcast, Florida Rep. Matt Gaetz (R) criticized Democrats for failing to enact cannabis banking reform and blocking his marijuana amendment. Gaetz slammed the Dems for what he called their inability to enact cannabis...

Do you think that federal cannabis legalization is inevitable? And if so, when can we expect it?  While more than two-thirds of Americans are supportive of marijuana legalization, according to the newest survey conducted by YouGov, industry experts agree there are...

The House of Representatives approved the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act, H.R. 3617 on Friday, sending it to Senate. The MORE Act removes cannabis from the federal Controlled Substances Act, allowing states to legalize cannabis, its...

Two Republican congressmen have introduced a bill that would bring federal cannabis legalization to the U.S. Representatives David Joyce and Don Young, from Ohio and Arkansas respectively, introduced the Common Sense Cannabis Reform for Veterans, Small Businesses and Medical Professionals Act on...

Just three months ago, Booklyn native and weed entrepreneur Alex Todd griped to Benzinga about how much it "sucks" that recreational cannabis isn't legal in New York. "Our whole brand is an East Coast brand that we had to bring over to the West Coast because there’s no...

ETFMG Alternative Harvest ETF (NYSEARCA: MJ) cannabis banking and research expert Jason Wilson is optimistic about the cannabis space in 2021 — especially when it comes to reform prospects in the U.S. The industry's resilience during the coronavirus pandemic was only one sign of its...

New Jersey is expected to start recreational cannabis sales either later this year or early next. Until then, it's not know what the combined med+rec sales will be, but Cantor Fitzgerald analyst Pablo Zuanic has a rough idea. He decided to take a look at the numbers in other states to...

Washington, D.C. lawmakers may take certain steps and prepare for the possibility of a legal adult-use market in the city, despite the federal ban on marijuana.  That's according to the Government Accountability Office, which published a letter Monday stating that city...

West Virginia Governor Softens His Standpoint Against Adult-Use Legalization Governor of West Virginia, Jim Justice, revealed Tuesday during a virtual town hall meeting, that he may soften his stance against adult-use cannabis legalization in the state (h/t High Times). When asked, during the...

Cannabis stocks failed to rally on the heels of New Jersey becoming the 13th state to legalize marijuana for adult use. The major weed ETFs were all down as of 4 p.m. after the Monday news announcement:  The ETFMG Alternative Harvest ETF (NYSE: MJ): -3.57% The...