Cannabis has yet to be legalized federally and is still classified by the DEA as a ‘Schedule 1’ drug. Due to this classification, federally regulated banks often refuse to house the earnings of cannabis dispensaries for fear of losing their license to legally operate. This presents a challenge for dispensaries in states where cannabis has been legalized. Many dispensaries do …
The Oklahoma medical cannabis industry in 2021 is one of the hottest cannabis markets in America. The lack of regulations and cheap startup costs has made the medical market in Oklahoma grow significantly since its inception, with almost 2,400 cultivation licenses issued in 2020 alone. But how sustainable is Oklahoma’s success? The Rise of Oklahoma Medical Cannabis Since Oklahoma passed their medical …
New Mexico has long been at the forefront of the evolving cannabis since it became one of the first states to allow medical-use cannabis in 2007. Now, the state is fully entering the industry with the signing of legislation to legalize the recreational use of cannabis. The signing of the Cannabis Regulation Act in New Mexico follows the legalization of adult-use cannabis …
Since the parking lots of any business can become a target for crime, cannabis and other high-risk businesses must take special care to secure these areas. Parking areas are one of the most common areas where crime occurs and they are often difficult to secure. While some cannabis businesses, such as cultivation facilities and laboratories, may be able to control access to …
After delays caused by the COVID-19 pandemic, California has officially established the Department of Cannabis Control. While the Bureau of Cannabis Control previously oversaw most cannabis businesses, the Department of Food and Agriculture had jurisdiction over cultivation, and the Department of Public Health oversaw cannabis manufacturing. Now, these three agencies have consolidated cannabis aspects and the Department of Cannabis Control (DCC) …
The number of states embracing the cannabis industry has been on the rise, but federally, cannabis laws have remained stagnant. Although previous bills have failed to pass, 2021 may be different. This year, several bills have been presented with the intent of preventing banks from not doing business with cannabis companies, decriminalizing cannabis, promoting social justice, and ultimately legalizing the substance. …
Today is 710, a holiday for cannabis enthusiasts who enjoy consuming cannabis oils, dabs, and concentrates. While 420 may still be the most universally celebrated cannabis holiday, 710 is quickly growing in popularity as cannabis access spreads throughout the U.S. The date 710 was chosen because when the numbers are flipped upside down they spell OIL. Cannabis oil products have a …
While adult-use cannabis remains illegal in the state, the latest Legislative Session for Texas paved the way for an expansion of the state’s existing medical-use program. Like many previous Legislative Sessions, the majority of the bills in support of cannabis failed, such as Texas HB 441, HB 2593, and HB 3948. Unlike previous years, the 87th Legislative Session saw the passage of two …
Cannabis Lounge The idea of a cannabis “coffee shop” has been around for decades: a place where a person of legal age can go to consume cannabis while on-site in a relaxing environment, free from judgment. While the same base desires for a similar space still exist within the average cannabis consumer, the level of expectation and innovation for the …
