The Senate Banking Committee will hold its first hearing on the challenges facing cannabis and banking. Jaret Seiberg, managing director at Cowen, joins “Squawk Box” to discuss.
Here are the challenges the cannabis industry faces in accessing the US banking system from CNBC.
Hawaii has become the 26th state to decriminalize possession of marijuana, a measure that will take effect Jan. 11, 2020.
The new law will eliminate criminal penalties for possession of three grams or less of marijuana. Possession of those small amounts will only be punishable by fines of no more than $130.
According to the Marijuana Police Project, three grams is the smallest amount of any state that has decriminalized possession.
JOHANNESBURG – Cape Town could be the first place in South Africa to grow cannabis for medical use.
The City of Cape Town has partnered with a Canadian pharmaceutical corporation for this new venture.
The venture aims to put the country at the forefront of medical innovation while creating jobs.
In Atlantis, just outside of Cape Town, 12 hectares of vacant land will soon be transformed into a cutting-edge facility to grow cannabis for medical use, similar to its sister plant in Lesotho.
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PORTAGE, Mich. — Medical marijuana patients in Portage have the option of getting medications delivered to their doorstep after a provision center was awarded a license for home delivery.
Lake Effect in Portage will deliver patients that have medical marijuana card, up to 2.5 ounces of flower buds or edibles a day.
“Delivery is all about the patients, comfort level and being attentive to there needs,” Steve Bliss, store manager, said
Bliss said being able to make home deliveries puts them ahead of the competition and their main priority is making sure patients get the medication they need.
Many of the Lake Effect patients said the delivery service was highly needed in the Kalamazoo area.
Ben Garvey, who has been a medical marijuana patient for almost 10 years, suffers from epilepsy and said he needs medication everyday, but sometimes its a struggle getting to and from the facility.
SOUTH BEND, Ind. (WNDU) – With marijuana usage legal in Michigan but not in Indiana, Michiana employers are asking how to deal in the workplace.
“Every case is different,” said John Kuehn, a partner at SouthBank Legal in South Bend.
Right now, that’s probably the biggest truth when it comes to employees and marijuana use in Michiana.
From getting high to curbing pain, these grandparents are getting a chronic lesson in weed at pot parties that take place at their homes.
CBSLA’s Jasmine Viel visited a party where grandparents got educated on the health benefits of cannabis.
“So what you guys are drinking is CBD water. It’s made from the hemp plant. It’s absolutely not psychoactive,” said Catherine Goldberg, who educates active seniors on the health benefits of the cannabis plant in the comfort of their living rooms.
RICHMOND (KPIX 5) — The city of Richmond could see hundreds of new jobs and millions of dollars in additional tax revenue thanks to a recently approved marijuana production complex.
The city’s planning commission unanimously approved the Powerplant Project at their meeting on April 18.
Andrew Butt is the lead architect on the project and is also on the city’s planning commission. He says this 18-acre grow facility will be a first-of-its-kind turn-key marijuana production facility.