regulatory

In a bold departure from prevailing economic forecasts, Cathie Wood, the CEO and CIO of ARK Investment Management, has asserted that the prolonged “rolling recession,” that has gripped the U.S. economy for the past three years is nearing an end, paving way for a productivity-led...

A new bipartisan bill introduced in the Pennsylvania House of Representatives is reigniting the push to legalize adult-use cannabis in the state. Representatives Aaron Kaufer (R-Luzerne) and Emily Kinkead (D-Allegheny) are spearheading House Bill 2500, which proposes a regulation of adult-use...

As the hemp industry grapples with regulatory challenges, Whitney Economics has drastically cut its 2030 hemp acreage forecast. The revised projection now stands at just 1.0 million acres, a stark 82% reduction from earlier estimates. This significant cut could lead to nearly $3.1 billion in lost...

As the cannabis industry faces ongoing regulatory challenges, financial constraints remain a significant obstacle to growth. Ross Gerber, co-founder and CEO of Gerber Kawasaki Wealth and Investment Management and upcoming speaker at Benzinga’s Cannabis Capital Conference, shared his views on...

A Senate committee has dashed hopes for legalized recreational cannabis sales in Washington, D.C. The committee approved a spending bill that keeps a controversial rider in place. This decision prevents D.C. from using local tax dollars to implement a system for adult-use cannabis sales, despite...

Adults in Minnesota can legally possess and use recreational cannabis though the state has not yet launched its retail market, which is planned for next year. To that end, more than 3,100 licenses for social equity were pre-approved, and the Office of Cannabis Management (OCM) shared a 110-page...

Beacon Hill lawmakers are contemplating placing the Cannabis Control Commission (CCC) into receivership following months of internal drama and governance issues. This step was proposed by Inspector General Jeffrey Shapiro, who addressed the agency's dysfunction. Shapiro recently testified at...

In a highly contested decision, the New Hampshire House of Representatives rejected a bill that sought to legalize recreational cannabis. The rejection occurred with a close vote of 178-173, derailing hopes for legalization anytime soon. House Bill 1633, which proposed the legalization for adults...

Canada has built a strong regulatory framework for crypto companies to operate. However, individual Canadian investors seem to have been losing interest in the crypto industry. Around 77% of digital asset owners regret purchasing crypto a year ago, a survey shows. What Happened: In comparison to...

With three decades of financial services and regulatory experience, the new CEO of Binance, Richard Teng, has made an initial statement as the company's leader. In his first blog post, Teng said “We have turned the page on Binance’s historical challenges, and we are,...

Jonathan Farnell, Binance U.K. CEO and head of its payment service Bifinity, has departed from the company, marking the latest in a series of high-profile exits from the leading crypto exchange. What Happened: As Farnell's LinkedIn profile indicated, he left the company in September...

Members of the House of Representatives in Nigeria discussed a proposed bill that aims to legalize the commercial cultivation, sale and consumption of cannabis, reported local media. The bill aims to amend the National Drug Law Enforcement Agency Act. The House proposed legalizing...

Marijuana Stores In B.C. Start Shutting Down As Strike Hits Supply Chains A number of private cannabis stores in British Columbia might be out of stock in several days. The retailers are ready to make radical moves after members of the British Columbia General Employees' Union launched a strike...

Texas Supreme Court Prohibits Sales & Production Of Smokable Hemp Texas Supreme Court Judge Jeffrey S. Boyd reminded Texans that smokable hemp is still banned as the legal battle that included four smokable hemp companies - Crown Distributing, America Juice Co., Custom Botanical Dispensary...

White House Drug Czar Touts Therapeutic Value Of Medical Cannabis With more than 50 million American adults around the country suffering from chronic pain, many turn to cannabis as an alternative to prescription drugs. According to a recent study, conducted by investigators at the Rothman...