Colorado state officials have selected 16 businesses to participate in the Cannabis Business Office’s Cannabis Business Pilot Grant program.© Shutterstock “Our nation-leading work promoting equity and supporting innovation in Colorado’s thriving cannabis industry supports our economy, saves small businesses money, and ensures our state remains the best business-friendly destination in the country,” Gov. Jared Polis […]

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New Jersey state officials are espousing the benefits of eliminating state sales tax for residents enrolled in the state’s Medicinal Cannabis Program.© Shutterstock “Removing state sales tax on medicinal cannabis is consistent with Governor Murphy and the Legislature’s intent to prioritize patients and improve affordability,” New Jersey Cannabis Regulatory Commission Executive Director Jeff Brown said. […]

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New York Gov. Kathy Hochul signed into law legislation that seeks to restore the ability of businesses to access low-cost workers’ compensation coverage through the New York State Insurance Fund (NYSIF). © Shutterstock Businesses in the state are required by law to secure workers’ compensation coverage, which most obtain through NYSIF or a private insurer. […]

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The Oregon Liquor and Cannabis Commission (OLCC) is imploring the state’s congressional delegation to aid in the removal of federal barriers preventing legal cannabis businesses from obtaining access to banking services. In recent correspondence to each of Oregon’s congressional representatives, the OLCC indicated the outdated approach to cannabis banking services negatively impacts the legal cannabis […]

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U.S. Sens. Pat Toomey (R-PA), Tim Scott (R-SC), Thom Tillis (R-NC), and Cynthia Lummis (R-WY) criticized the Federal Reserve Bank of Kansas City for not turning over information about a master account that was awarded, then rescinded, to Reserve Trust.© Shutterstock Toomey, the ranking member of the Senate Banking Committee, sent a letter on June […]

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Cannabis Regulators Association (CANNRA) officials said the organization elected new board members during the first in-person member meeting in Olympia, Wash.© Shutterstock Michigan Cannabis Regulatory Agency Executive Director Andrew Brisbo will serve as president. “I look forward to working with the incoming board to move CANNRA forward in its mission over the course of the […]

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Maine Department of Administrative and Financial Services (DAFS) officials said the agency’s Office of Cannabis Policy (OCP) plans to conduct five statewide cannabis community engagement and listening events.© Shutterstock “Maine’s adult-use cannabis industry continues to be one of the fastest-growing segments of the state’s economy,” OCP Director Erik Gundersen said. “The growth of the industry […]

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Kentucky state officials have announced members of the Team Kentucky Medical Cannabis Advisory Committee, which would advise Gov. Andy Beshear regarding medical cannabis access for residents.© Shutterstock “Polling suggests 90 percent of Kentucky adults support legalizing medical cannabis, while at the same time, far too many in our state who could benefit from it are […]

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The Securities and Exchange Commission (SEC) recently charged the City of Rochester, N.Y., some former city officials, and an advisor with misleading investors in a $119 million bond offering.© Shutterstock Specifically, former Rochester finance director Rosiland Brooks-Harris and former Rochester City School District CFO Everton Sewell were charged, as were Rochester’s municipal advisor Capital Markets […]

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The Illinois Department of Financial and Professional Regulation (IDFPR) recently detailed the next steps toward issuing 185 Conditional Adult Use Cannabis Dispensing Organization Licenses.© Shutterstock The process applies to applicants selected in three lotteries last year. Courts have lifted stays previously, preventing license releases. “We recognize this is a long-awaited day by many seeking to […]

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