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The House Wants to Legalize Marijuana, but the MORE Act Has a Fatal Flaw

Marijuana's momentum has been undeniable in recent years. Last year, we saw Canada become the first industrialized country in the world to legalize recreational cannabis in the modern era. Now, Mexico looks to be just months away from becoming the third country worldwide to OK the sale and consumption of adult-use weed.

McConnell Pushing Kentucky Hemp With FDA

U.S. Senate Majority Leader Mitch McConnell was giving the US FDA another nudge on issues relating to hemp and cannabidiol last week.

The Kentucky Senator met with U.S. Food and Drug Administration Commissioner nominee, Dr. Stephen Hahn, in Washington. While not a lot of detail of the chat was provided, among  the topics discussed were hemp’s progress in Kentucky and the situation with cannabidiol (CBD).

California Is Raising Its Taxes On Cannabis... Again

Image Source: ROBYN BECK/AFP via Getty Images

Los Angeles, CA – The California Department of Tax and Fee Administration (CDTFA) announced yesterday that it plans to raise taxes on the legal cannabis industry once again. This move is considered to be another blow to an industry that is currently facing an economic downturn in a depressed market.

The Unique Cyber Risks Facing the Cannabis Industry

All companies face cybersecurity threats, but the legalized cannabis industry’s storage of personally identifiable information and reliance on seed-to-sale tracking software can place it firmly within hackers’ crosshairs.

To be sure, despite currently being prohibited from storing cash in banks, some cannabis entities do process valuable personally identifiable information (PII).