marijuana News

4 Ways COVID-19 Will Change Cannabis and Insurance

One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance. Some good guesses from any insurance professional with their foot in the door of a dispensary, …

Top Risks Facing Cannabis Industry in 2020 Not What You Think

On the tail-end of what turned out to be an extremely risky year for cannabis companies, one must wonder what 2020 has in store for a quasi-legal industry that is contending with a vaping crisis, contentious politics at all levels …

Report: Cannabis Dispensaries May Become ‘Most Profitable’ Specialty Stores

Selling insurance to cannabis dispensaries may the business in which to be in the very near future. A new report claims that cannabis retailing could become one of the “most profitable specialty store categories ever.” The report, From Dispensaries to …

California Governor’s OK of Cannabis Tax Bill Among Several Industry-Related Bills He Signed

California Gov. Gavin Newsom has been quite friendly to the cannabis industry lately, signing into law more than a half-dozen cannabis-industry related bills. The bills were intended to add to or subtract from the Medicinal and Adult-Use Cannabis Regulation and …

Vaping-Related Illnesses Could be Due to Multiple Causes: U.S. Health Agencies

U.S. health officials said on Friday there may be more than one cause to the outbreak of the mysterious lung illness linked to e-cigarette use and said they do not see a meaningful drop in new cases. As of Tuesday, …

What is Known, Unknown About Lung Illnesses Linked to Vaping

Government public health officials are continuing to advise people to stop e-cigarette or vaping products, especially with THC, the main psychoactive ingredient in marijuana. The Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) issued …

Colorado Banks Quietly Serving Cannabis Industry

Colorado’s cannabis industry has had a chief request since marijuana was legalized: Give us access to banks. But it turns out that hundreds of the state’s pot businesses are already working with financial institutions under the close watch of federal …

Oregon Pot Racketeering Lawsuit Allowed to Proceed

A judge has ruled that a racketeering lawsuit brought by a vineyard against a neighboring marijuana operation can go forward despite attempts to have it dismissed – a ruling that could increase the odds for vineyards and other agricultural businesses …

Do Cannabis or Alcohol Taxes Have Higher Upside for Society?

Which helps society more? Alcohol or cannabis. That sounds like a funny question, but it may be an important one with more local governments embracing the opportunity to bring in tax revenue from cannabis sales. A new report from Wikileaf, …

Alaska Credit Union Ending Marijuana Business Pilot Program

An Alaska credit union plans to discontinue a pilot program to provide checking and savings accounts to marijuana-related businesses, an official said. Credit Union 1 will end the program Aug. 30 because critical insurance coverage will no longer be available, …