Hertzberg Legislation to Establish Banking for the Cannabis Industry Passes First Committee

PRESS RELEASE The bill moves on to face a vote in the Senate Governance and Finance Committee next week. April 18, 2018 SACRAMENTO – Sen. Bob Hertzberg, D-Van Nuys, today announced that his legislation to help financial institutions safely conduct transactions with licensed cannabis businesses has cleared its first hearing […]

Investing in the Cannabis Industry…Buyer Beware

Investor interest in the cannabis industry continues to climb as the marijuana movement goes mainstream, but cannabis-related securities remain incredibly risky in light of federal prohibition. Under the Federal Securities Act, an individual or business entity must register with the Securities Exchange Commission prior to offering securities for sale in […]

States With Legal Marijuana Seek Summit With Jeff Sessions

Oregon, Illinois, California and other states with legal marijuana seek summit with Jeff Sessions. Recently, the federal government suspended the policy preventing the DEA from going after marijuana businesses in states where weed is legal. And infamously anti-marijuana Attorney General Jeff Sessions is a big part of the Trump administration’s agenda. […]

NCIA Federal Policy Update: Q&A with Aaron Smith

The Justice Department rescinding the Cole Memo, the Omnibus bill including Leahy Amendment protections, a host of potential bills for federal cannabis policy change: a lot has been happening in Washington D.C. recently with respect to cannabis business. With the National Cannabis Industry Association’s (NCIA) Cannabis Business Summit in San […]

MPX Signs Definitive Agreement to Expand Its Footprint in Arizona

PRESS RELEASE TORONTO, March 05, 2018 (GLOBE NEWSWIRE) — MPX Bioceutical Corporation (“MPX” or the “Company”) (CSE:MPX) (OTC:MPXEF) is pleased to announce that the Company, through its wholly-owned U.S. subsidiary CGX Life Sciences Inc. (“CGX”), has entered into a definitive limited liability membership interest and asset purchase agreement, dated and […]

Senate Could Vote To Let Marijuana Businesses Use Banks This Week

A bipartisan group of senators is stepping up the push to let marijuana businesses store their profits in banks, with a possible vote coming as soon as this week. Under the current federal prohibition of cannabis, many banks refuse to do businesses with marijuana growers, processors and sellers that operate […]

A Cannabis Company Is Set To List On NASDAQ For The First Time

A major Canadian licensed weed producer has obtained approval from the Securities and Exchange Commission to begin trading on the NASDAQ — it will be the first marijuana company to be listed on a U.S. stock exchange. Cronos Group, which is already listed on the Toronto Stock Exchange is expected […]

California Dreamin’: A Public Cannabis Bank Isn’t A Real Solution

Ultimately, a public bank of any kind is a red herring for the cannabis industry. It seems like every state in its own way has tried to grapple with a state-legislated solution to the notorious banking issue across the cannabis industry. And now California is going to study its own […]