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The chances that cannabis banking legislation will pass before the November election are dimming by the week, but the author of the Department of Justice’s 2014 guidance on pot banking says it may not matter anyway.

“For those banks that are on record as saying, ‘We will never bank this industry so long as it remains federally illegal,’ SAFE Banking doesn’t change a thing,” John Vardaman, former head of policy at the DoJ’s money laundering section, said in an interview. “At this point, there’s only so much more than can be done short of legalization.”

Maine has already carved out a niche in the craft beer industry with unique flavors and brands thanks in part to the use of locally grown hops and barley. Experts say there is no reason the same can’t be done with the steadily growing hemp production in the state. And that will be important if Maine growers want to compete with the larger and more established farms in the western states.

An amendment that establishes a potency cap of 10% THC for medical marijuana patients under 21 has made its way back to the Florida House floor, where it was tacked onto a larger healthcare bill during a floor session Thursday.

The amendment, which passed with a voice vote on the floor, would not apply to patients 21 and younger with terminal illnesses.

The right to cultivate and sell cannabis in the State of California is a given, but the bureaucratic ease in doing so is not. Times are hard for business owners right now, and those struggles trickle down from top to bottom. Federal legality, competing against the black market, and heavy taxation all weigh heavy on the weary shoulders of this industry—and this doesn’t seem to be letting up any time soon.

These pot stocks can deliver the green in any economic environment.

Last week, the stock market turned in its worst performance in more than 11 years. When the curtain closed, the 123-year-old Dow Jones Industrial Average, technology-laden Nasdaq Composite, and benchmark S&P 500, declined by 12.4%, 10.5%, and 11.5%, respectively. It also represented the quickest descent into correction territory for the major indexes in history.

Canopy is closing two grow facilities and shelving plans for another as it grapples with oversupply in a market that still lacks stores

Canopy Growth Corp. shares fell 4% Thursday after the Canadian cannabis company announced it was cutting 500 jobs as it reduces capacity by closing two greenhouses and shelving plans for another.

It’s a decades-old debate with equally stubborn proponents on both sides: What yields better results—indoor- or outdoor-grown cannabis? All growers have their own preferences, practices, and requirements. And there’s a good chance that they’ll have strong opinions about what’s best for their crop.

Sales to out-of-state residents went up in the month, according to numbers released by the Department of Financial and Professional Regulation

After a massive first month of legalized cannabis sales in the state of Illinois that saw dispensaries rake in nearly $40 million, brisk sales continued in the month of February.