Legislators are looking to collect more than $730 million in marijuana tax revenue over the next two budget years. That’s not enough to cover the additional $74 million needed to address the state’s school funding deficit. However, clarification from the federal government could open the cannabis banking floodgates and relieve the funding gap. Lawmakers, along..
A whopping 44% of Oregon residents polled said banks who support the cannabis industry would be seen favorably according to a recent poll conducted by DHM Research. Voters may have legalized marijuana in several states. The next step is to move the federal government forward to allow legalized marijuana businesses access to federal banks, too…
Banking is the linchpin to fully opening up revenues earned by the cannabis industry. States that have legalized marijuana are urging the federal government to update banking guidelines that stand in the way of receiving millions in tax revenues. The marijuana industry has been a financial windfall for every state that has legalized cannabis, but..
Our government has officially been funded through April 2017. Our US Senate passed legislation on the very day that current funding was to expire, just in time to save many government services from closing at midnight. President Barack Obama promptly signed it into law, with the White House’s statement quickly following. Why do we care?..
It’s nice to see an elected official do the will of the people, especially when it conflicts with his own personal beliefs. That is a sign that our democracy is working. So thank you, Maine Governor LePage! Even though he was against Question 1 on Maine’s ballot last fall, that did not stop him from..
In the Sunshine State, the Florida Medical Marijuana Legalization Initiative, also known as Amendment 2, was overwhelmingly approved with 71% of the vote. Florida requires a 60% percent approval rate for constitutional amendments to be added, which it failed to receive in November 2014 for an earlier initiative of the same name. That makes this..
We know our government moves slowly, but we try to support our elected officials who are the ones that get things done. In that vein, it pleases us to see that US Senator Elizabeth Warren (D-Massachusetts) is working for the people to find the solution for cannabusinesses to have access to banking. Access to banking..
We are pleased Americans passed eight of the nine marijuana items that were on last month’s ballots. Approval may seem like an accomplishment, but it really only produces a single step in the journey of legalization. With each state having a unique plan, larger states can have an advantage through population and funds. As exemplified..