Lawmakers in Olympia may soon force the state’s weed regulator to loosen penalties on pot farmers and retailers, metaphorically forcing the Liquor and Cannabis Board (LCB) to take a huge bong hit and chill out. After years of Washington’s weed industry complaining that they face a punitive enforcement climate, the state Legislature is now close to passing a proposed law that would dramatically reform the state’s pot regulatory enforcement rules. Full Story
Category Archives: Federal regulation
Banks urge Congress to fully Open the Marijuana Market to Banking
Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the legal marijuana industry, a change that supporters say would reduce crime risks and resolve a litany of challenges for cannabis companies, from paying taxes to getting a loan. Full Story
Congress is Attempting to Legalize Hemp in the US
Despite majority public support in favor of marijuana legalization, and super-majority support in favor of medical cannabis access, members of Congress have nonetheless been reticent to move forward with any significant changes to federal pot policy. That is, until now.
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US Department of Justice Announcement
Following US Attorney Jeff Sessions rescission of the Cole Memorandum, the WSLCB and the Governor have stated that they will continue to uphold the will of the Washington State voters by licensing and regulating the marijuana industry in Washington.
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Trump Administration Taking Step That Could Threaten Marijuana Legalization Movement
The Trump administration freed federal prosecutors on Thursday to more aggressively enforce marijuana laws, effectively threatening to undermine the legalization movement that has spread to six states, most recently California.
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Washington Attorney General and Governor push back against US Attorney General Jeff Sessions’ comments on Washington’s regulated marijuana industry
Washington Attorney General Bob Ferguson says he’s disappointed with a letter from U.S. Attorney General Jeff Sessions about the state’s efforts to regulate marijuana.
In a letter dated July 24, Sessions pointed out to Ferguson and Gov. Jay Inslee that a 2013 Justice Department memo interpreted as clearing the way for states to regulate marijuana did not preclude federal prosecution. Sessions also highlighted a 2016 report from a federally-funded drug-enforcement organization that raised questions about how effectively the state is controlling the industry.
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DEA Will Continue to Classify Marijuana as a Schedule 1 Substance
Marijuana will remain on the government’s list of most highly regulated and dangerous drugs, the Obama administration says, despite growing popular support for the widespread legalization of pot.
The decision means that pot remains on a list of drugs that have no medical purpose. But the Drug Enforcement Administration did open the door to more research on the drug and its possible medical uses.
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US Supreme Court rejects Nebraska’s and Oklahoma’s challenge to Colorado’s legalized recreational marijuana laws
The Supreme Court has rejected an effort by Nebraska and Oklahoma to have Colorado’s pot legalization declared unconstitutional.
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The federal government ends its ban on medical marijuana
Tucked deep inside the 1,603-page federal spending measure is a provision that effectively ends the federal government’s prohibition on medical marijuana and signals a major shift in drug policy.
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The House just voted to protect banks that work with marijuana businesses
The US House of Representatives on Wednesday, July 16, voted to allow banks to work with marijuana businesses without fear of federal prosecution.
The budget amendment, which passed with a 231-192 bipartisan vote, would prohibit the US Department of Treasury from using any federal funds to penalize financial institutions that serve marijuana businesses operating legally under state law.
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