Because marijuana remains illegal under federal law, big banks and credit card companies have long been reluctant to work with the industry, leaving the businesses heavily reliant on cash and making them attractive marks for robbers.
Marijuana
Posted inBusiness, Local & State, Politics
Legislature approves reimbursing towns that allow retail marijuana sales
The bill aims to increase the number of municipalities participating in the adult-use program.
advertisement
Posted inNation & World, News
House votes to decriminalize marijuana, but Senate fate dim
Democratic Reps. Chellie Pingree and Jared Golden of Maine voted for the bill.
Posted inCops & Courts, Local & State, News
Burglary of Gorham marijuana grow shows risks involved in Maine’s high-flying business
As pot businesses proliferate around the state, criminal activity has followed. In Gorham, one business was the victim of a band of audacious burglars who cut a hole in the side of a building to get to the valuable cannabis inside.
Posted inBusiness, Maine Cannabis Report
Ban on marijuana sales in Washington D.C. kept in place by Congress
In the District, where marijuana is legal to possess but not to purchase, local leaders concerned about a growing illegal market had been preparing to allow sales. But because D.C. is not a state, the decision isn’t up to them.
Posted inBusiness, Maine Cannabis Report
New York’s first marijuana sales permits will go to people with convictions
The first 100 to 200 licenses will be aimed at helping casualties of the war on drugs, including people with family convicted of a marijuana-related offense, state officials said.
Posted inCops & Courts, News
Former Franklin County prosecutor admits to federal crime linked to large marijuana operation
The attorney for Kayla Alves said the former assistant district attorney was not a part of an alleged illegal marijuana distribution and laundering conspiracy.
Posted inBusiness, Maine Cannabis Report
Hemp farmers to get early advantage growing pot in New York
An estimated 200 small-scale farmers could be granted licenses a year before the state’s recreational cannabis market opens. Many have struggled since hemp prices collapsed in 2019.
Posted inBusiness, Maine Cannabis Report, Maine colleges, Sports
NCAA relaxes marijuana rules, proposes lesser penalties
College athletes can immediately have more cannabis in their systems before triggering a positive test and those who do test positive will likely not be suspended from games for a first offense.
Posted inBusiness, Maine Cannabis Report
New York planning $200 million equity fund for new marijuana industry
State officials want ‘the most diverse and inclusive’ cannabis market in the nation, but advocates say the timing of funding and services is more important than the amount.