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Home » Regulation » State » Page 17

State

Recreational marijuana garners Maryland, Missouri approval

By Douglas Clark   |   November 10, 2022   |   Cannabis Banking

Maryland and Missouri have become the 20th and 21st states to approve recreational marijuana use. “Maryland voters have overwhelmingly rejected the failed policy of prohibition and voted for the ...

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New York Federal Reserve Bank releases results of first phase of CBDC Project Cedar

By Dave Kovaleski   |   November 9, 2022   |   Digital Currency

The Federal Reserve Bank of New York released a report that includes the first phase of results from a multiphase research effort to develop a technical framework for a wholesale central bank digital ...

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New York, New Jersey cannabis licensees advocate SAFE Act passage

By Douglas Clark   |   November 1, 2022   |   Cannabis Banking

New York and New Jersey cannabis licensees and applicants are advocating for the Senate to pass the Secure and Fair Enforcement (SAFE) Banking Act, maintaining the action would decrease minority busin...

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New Jersey panel advocates funding of Cannabis Training Academy

By Douglas Clark   |   October 31, 2022   |   Cannabis Banking

The New Jersey Cannabis Regulatory Commission (NJ-CRC) has recommended the state's Department of the Treasury fund the Cannabis Training Academy. During its recent public session, the NJ-CRC approv...

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Washington seeking mentors for cannabis business owners

By Douglas Clark   |   October 20, 2022   |   Cannabis Banking

The Washington State Department of Commerce is seeking proposals to create a roster of mentors to aid prospective cannabis business owners. The agency is also seeking a facilitator to launch the pr...

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Rep. Norton advocates D.C. recreational marijuana commercialization efforts

By Douglas Clark   |   October 14, 2022   |   Cannabis Banking

U.S. Rep. Eleanor Holmes Norton (D-DC) is advocating for the Biden administration to end support for the District of Columbia marijuana rider and endorse D.C. authority to grant clemency. Norton sa...

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New York Gov. Hochul signs legislative package strengthening Minority, Women-Owned Business Enterprise Program

By Douglas Clark   |   October 11, 2022   |   Featured

New York Gov. Kathy Hochul signed last week a legislative package that strengthens the Minority- and Women-Owned Business Enterprise Program. Legislation (A.9259-A/S.3390-A) prevents MWBE Program ...

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Reps. LaHood, Brady urge Illinois to pay back pandemic unemployment loans

By Dave Kovaleski   |   October 7, 2022   |   Federal

U.S. Reps. Darin LaHood (R-IL) and Kevin Brady (R-TX) are urging the State of Illinois to pay back federal unemployment trust fund loans taken out during the pandemic. “Illinois is among only fo...

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Kentucky Gov. Beshear says residents overwhelmingly support legalizing medical cannabis

By Dave Kovaleski   |   October 4, 2022   |   Cannabis Banking

Kentucky Gov. Andy Beshear said state residents favor legalizing medical cannabis, according to feedback from the governor’s Medical Cannabis Advisory Committee. “Polling suggests 90 percent of...

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Tax Policy Center examines states tax systems on cannabis sales

By Dave Kovaleski   |   October 3, 2022   |   Cannabis Banking

A recent article published by the Tax Policy Center looks at the various types of tax systems that states and local governments use on cannabis sales. In the piece, called “Cannabis Tax Revenu...

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Cannabis Banking

  • Bill to provide cannabis businesses with banking services introduced in House
  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses

Digital Currency

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  • Organizations support Digital Asset Market Clarity Act
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  • Rep. Arrington introduces bill to close tax loopholes in digital asset market
  • Legislation to protect seniors from crypto ATM scams introduced

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