Day: July 30, 2020

US House endorses protections for adult-use marijuana programs

The U.S. House, for the second year in a row, passed an amendment that would prevent the Department of Justice from interfering with state-legal recreational and medical cannabis programs. The provision reflects the strong bipartisan support in the Democrat-controlled House for protecting MJ programs that are legal under state laws. But it’s not likely the […]

SEC sues six in alleged $25 million scam involving two cannabis enterprises

(A version of this story first appeared on Hemp Industry Daily.) Federal securities regulators have accused six people of deceiving investors by promising astounding returns as part of an alleged $25 million scam for a supposed marijuana farm and CBD extraction facility in California. The money was raised from more than 400 investors from across the […]

Maine now hopes to start recreational marijuana sales by year-end

Maine’s potential $300 million a year recreational marijuana program now is expected to launch sales by the end of the year, according to state officials. That would be more than four years after Mainers legalized adult use, with recent delays stemming from the coronavirus pandemic. The launch date is based on the first group of […]