Marijuana banking numbers slip, but loans may be increasing
The number of financial institutions serving marijuana-related businesses declined slightly in the first six months of this year, according to federal data, […]
Category: United States Cannabis Industry & Marijuana Business News
Groups push to delay lottery for Illinois cannabis retail licenses
As often happens after winners of state cannabis licenses are announced, losing applicants for retail licenses in Illinois are going to court […]
Chart: Illinois lottery for retail marijuana licenses raises social equity questions
While Illinois’ plan for increasing social equity in its cannabis industry was heralded as a potential blueprint for other new markets, the […]
Illinois to hold lottery for retail cannabis licenses later this month
Applicants for retail cannabis licenses in Illinois will be awarded in a lottery later this month, after all 17 regions saw only […]
Week in Review: US House sets marijuana legalization vote, new Massachusetts rules, MedMen woes & more
The MORE Act, which would deschedule cannabis and thereby legalize it federally in the U.S., is scheduled to be considered by the […]
Nevada judge rules cannabis licensing process can proceed
A Nevada judge ruled the state’s marijuana licensing process can resume, with some new retail marijuana stores allowed to open. The decision, […]
Pennsylvania GOP leader tosses cold water on marijuana legalization plan
One of Pennsylvania’s top-ranking Republicans said lawmakers likely won’t legalize recreational marijuana this fall, despite Gov. Tom Wolf’s pleas. “Like with any […]
California city rejects MedMen application for cannabis store license
Troubled multistate marijuana operator MedMen Enterprises was rejected for a conditional-use permit needed to open a planned retail outlet in Pasadena, California […]
Massachusetts credit union partners with marijuana payment processor
The GFA Federal Credit Union, which said in 2018 that it would serve Massachusetts marijuana companies, announced a new partnership this week […]
Cannabis companies secure fresh funding deals as investors wade back into capital markets
Marijuana businesses have raised hundreds of millions of dollars in recent months, a trend that is expected to continue as an investment […]