The deaths and injuries traced to vaping have rattled Americans generally and the cannabis industry particularly, as at least some of the cases appear traceable to cannabis vaping products. According to an article in Forbes, however, the vaping incidents have not yet dampened American support for legal marijuana, which remains steady at 66% in a recent Gallup survey.
Read MoreLast week, a bipartisan group of 21 state attorneys general sent a letter to congressional leaders imploring Congress to pass marijuana reform legislation. Specifically, the letter exhorts Congress to pass the proposed Strengthening the Tenth Amendment Through Entrusting States Act (the “STATES Act”), or similar legislation, that would “allow each State and territory to determine, for itself, the best approach to marijuana legalization within its borders, while at the same time creating protections to ensure that such regulation does not impose negative externalities on those states and territories that choose other approaches.”
Read MoreThe cannabis-related job market continues to expand according to a PoliticoPro report (subscription required) that analyzed data from Indeed.com, an employment search engine. In May 2016, cannabis job postings accounted for 231 per million total job postings. By May 2019, that number has increased nearly four-fold to 915 postings per million.
Read MoreToday, the U.S. House of Representatives passed the Secure and Fair Enforcement Banking Act (the “SAFE Banking Act”) in a historic and bipartisan vote, 321-103. The SAFE Banking Act would create a safe harbor for financial institutions who desire to do business with state-legal cannabis businesses.
Read MoreMuch of the recent news involving the Food and Drug Administration (FDA) and cannabis has concerned the FDA’s potential regulation of cannabidiol (CBD) products. According to a recent article in Politico, former FDA Commissioner Dr. Scott Gottlieb believes a similar discussion is warranted with respect to marijuana.
Read MoreLast week, the Center for Food Safety (a national non-profit public interest and environmental advocacy organization) released the results of a recent study that identified some disturbing findings about the CBD industry. According to the study, nearly half of the 40 companies surveyed received failing or near-failing grades (Ds and Fs) for “their production and processing methods, testing protocols, and transparency to consumers.”
Read MoreAccording to its press release yesterday, the Federal Trade Commission (FTC) recently issued warning letters to three companies in the cannabidiol (CBD) industry touting unsubstantiated claims that their products can prevent, treat, or cure serious diseases and health conditions.
Read MoreMark Mansour and Rory Radding are presenting a live webcast, “High Times at FDA: The Federal and State Regulation of Cannabis,” on September 11, 2019 at 2:00 PM (EDT). The regulation of cannabis is one of the most controversial issues facing the U.S. Food and Drug Administration (FDA) and the states.
Read MoreOn this episode of the podcast, co-hosts Doug Sargent and David Standa talk with guest Ryan Holz, a Locke Lord Cannabis Industry Group Partner, about the National Credit Union Association’s recently announced guidelines for providing financial services to hemp-related businesses (0:37), the American Bar Association’s resolution urging congress to enact legislation to exempt from the controlled substances act any marijuana business carried out in compliance with state law (4:11), Rep. Earl Blumenauer’s (D-OR) recent interview outlining a positive outlook for the marijuana industry for the fall (9:14), and the FBI’s call for tips related to possible public corruption in the cannabis industry licensing regimes (12:53).
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