Report: More Banks Providing Services To Cannabis-Specific Businesses

Bank of California Tacoma

DISTRICT OF COLUMBIA: A growing number of banks and credit unions are providing financial services to marijuana-related businesses, according to data released by FinCEN (the US Treasury Department’s Financial Crimes Enforcement Network) and first publicized by the news portal MarijuanaMoment.net. The report acknowledged that the number of financial institutions actively banking with marijuana-related businesses rose from 401 in October Read the full article…

Michigan: Marijuana Possession Becomes Legal Next Week

possession now legal in michigan

MICHIGAN: Key provisions of the state’s voter-initiated marijuana measure will take effect next week. Members of the Board of State Canvassers certified the midterm election results on November 26, and Proposition 1: The Michigan Regulation and Taxation of Marihuana Act becomes law on Thursday, December 6. Provisions specific to the adult possession and cultivation of cannabis will take immediate Read the full article…

South Africa: Highest Court Upholds Right To Consume Marijuana In Private

South African politicians first outlawed marijuana in 1908. Annually, some 13 percent of all arrests in the nation are marijuana-related.

SOUTH AFRICA: The nation’s highest court has upheld a 2017 decision finding that the use of marijuana by adults in private is constitutionally protected behavior. Judges unanimously ruled that privacy protections encompass an adult’s right to possess and grow cannabis in a private space. It is not “a criminal offense for an adult to use or be in possession of cannabis in Read the full article…

MedMen Begins Trading On The Canadian Securities Exchange

Leading Cultivator, Producer and Retailer of State-Sanctioned Cannabis Now Accessible to Public Equity Investors

CALIFORNIA: MedMen Enterprises began trading today (5/29/18) on the Canadian Securities Exchange under the ticker symbol “MMEN.”  With more than 800 employees and 18 licensed facilities in California, Nevada and New York, MedMen is one of the fastest growing companies in the quickly evolving U.S. cannabis industry. The three states where MedMen currently operates account for about Read the full article…

Wiz Khalifa And Rae Sremmurd Co-Headline Dazed & Blazed Summer Amphitheater Tour

Wiz Khalifa And Rae Sremmurd Announce Co-Headline Dazed & Blazed Summer 2018 Amphitheater Tour

CALIFORNIA:  Multi-platinum selling artists Wiz Khalifa and Rae Sremmurd (Slim Jxmmi and Swae Lee) today announced their co-headlining Dazed & Blazed Summer 2018 Amphitheater Tour, produced by Live Nation. The two rap and hip hop superstars will be joined by Lil Skies and OT Genasis as support on various dates of the outing. The 27-city summer amphitheater tour will kick Read the full article…

John Boehner And Bill Weld To Join Acreage Board Of Directors

One of the nation’s largest, multi-state actively-managed cannabis corporations, announced the appointments of former Speaker of the United States House of Representatives John Boehner and former Governor of the State of Massachusetts Bill Weld to its Board of Advisors.

NEW YORK: Acreage Holdings, one of the nation’s largest, multi-state actively-managed cannabis corporations, announced the appointments of former Speaker of the United States House of Representatives John Boehner and former Governor of the State of Massachusetts Bill Weld to its Board of Advisors. As members of the Board, Speaker Boehner and Governor Weld will bring an immense, collective and unique Read the full article…

Ontario Moves Ahead With Plan To License Cannabis Lounges

The proposed cannabis lounges could lag behind legalization legislation, which is expected by July.

CANADA: Initially, the province of Ontario – Canada’s most populated area – planned to institute a categorical ban on public smoking which would have restricted consumption to homes. However, that proposal harbored various shortcomings, including exposing children to second-hand smoke. Additionally, people living in buildings that ban smoking would have no place to smoke. Trina Fraser, an Ottawa Read the full article…