Recently, the Arkansas Medical Marijuana Commission voted to reject the sale of two medical marijuana dispensary licenses. This decision by the Arkansas Medical Marijuana Commission seemed to send a clear signal to licensee holders within the “Natural State”, on how they’d like to see the licensees used.
From what we gather, it seems that these license holders weren’t making significant progress towards opening their doors for business.
Which is interesting because people tend to think that the cannabis industry is the equivalent of the modern-day California “gold-rush.”
An amendment to Oklahoma’s state Constitution filed on December 12th would create the framework for a legalized recreational marijuana industry. State Question 806, if passed, would protect the personal use of marijuana for those 21 years old and older.
Getting a bank account remains to be one of the most challenging aspects of running a cannabis business, despite being legal on a state level in a growing number of places.
As of July 2019, there were roughly 630 banks and credit unions serving the U.S. marijuana industry.
It may seem so especially if you follow the recent developments of the White House and it’s approach to marijuana. The White House’s Marijuana Policy Coordination Committee, which is an inter agency effort to counteract medical marijuana usage would indicate that increased enforcement can be expected.Continue reading