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Indica news
Fintech CEO takes on perils of banking for cannabis businesses
The largest U.S. banks have stayed well away from the cannabis sector, as federal law still “prevents banks from banking cannabis businesses,” the American Bankers Association, a trade group, said in a letter sent this month to leading U.S. senators. Banks could be...
Teva Pharmaceuticals To Market Cannabis Oils From Cannabit
Cannbit-Tikun Olam will produce various medical cannabis products for Teva Israel, a marketing arm of Teva Pharmaceuticals (NYSE: TEVA). What Happened The Tel Aviv, Israel-based cannabis company confirmed Monday it has signed a collaboration agreement with Teva, under...
Top Maryland Lawmaker Files Marijuana Legalization Referendum For 2022 Ballot
A top Maryland lawmaker has pre-filed a bill to put marijuana legalization on the state’s 2022 ballot. The text of the legislation from Del. Luke Clippinger (D)—who serves as chairman of a cannabis workgroup that’s been studying the issue—was posted online on...
Top Rhode Island Lawmaker Expects Marijuana Legalization Bill To Pass ‘Overwhelmingly’ By February
Rhode Island’s House speaker says lawmakers are “very close” to introducing a bicameral negotiated marijuana legalization bill, and a top Senate leader saying he’s optimistic that it will pass “overwhelmingly” in both chambers when it comes up for a vote early in...
Biden Has ‘Every Intention’ Of Using Clemency Power And Is Looking At People With Drug Convictions, White House Says
President Joe Biden has “every intention of using his clemency power,” White House Press Secretary Jen Psaki said on Tuesday. But while the administration is “looking at” relief for non-violent drug offenders, she again declined to give specifics about when any...
A deal has been finalized with a German company dedicated to the development of cannabinoid-based medicines called Cpharm.
A few weeks ago, the Taliban regime in Afghanistan announced that it had reached an agreement with a company to grow and manufacture cannabis products in the country. Through social media, the Ministry of Interior reported that a company called Cpharm would make an...
Thailand Set to Expand Laws on Cannabis Use
Authorities in Thailand plan to extend the scope of cannabis use in the country, which has been afflicted by the availability of cheap narcotics. In a recent interview, Anutin Charnvirakul, the country’s Minister of Health, stated that he was advocating for new...
Texas CBD retailers face employee overtime lawsuit
Two Texas CBD stores are being sued by a former employee who says they illegally scammed workers of overtime pay. The lawsuit filed Monday accuses two CBD USA Plus franchises managed by Jay Ashley and Jamie Ashley of having workers shuffle between stores in...
Federal law still treats marijuana as an illegal drug, creating headaches for states
Most states in the U.S. are in violation of a major federal drug statute. The 1971 Controlled Substances Act lists marijuana in the most dangerous category defined in the law, on par with cocaine and heroin because of its supposed potential for abuse and lack of...
Corporate Cannabis Takeover? Assessing 5 Big Industries Already At The Table
As more big business movers and shakers appear to be ratcheting up their incursions into the cannabis industry, industry advocates are stepping up their defense. In March, the U.S. saw the creation of a federal lobbying group – the Coalition for Cannabis Policy,...
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