Big Tobacco Moving Into Cannabis Market

One of the largest tobacco companies in North America, Altria Group - which owns Philip Morris USA, best known for their manufacture of Marlboro cigarettes - has agreed to invest $1.8 billion USD ($2.4 billion Canadian dollars) into Cronos Group, based in Ontario. The investment marks the largest … Read more about Big Tobacco Moving Into Cannabis Market

Ohio Now Accepting Bitcoin for Tax Payments

Beginning today, November 26, 2018, Ohio will be the first US state to accept Bitcoin payments for more than 20 kinds of state business taxes. Payments made in Bitcoin will be made through third-party payment service BitPay. The Ohio Treasurer's website lists the 23 kinds of business taxes that can … Read more about Ohio Now Accepting Bitcoin for Tax Payments

McConnell: Farm Bill Will Include Hemp Legalization

US Senate Majority Leader Mitch McConnell (Republican - Kentucky) spoke to reporters last week and said that while legislators are still trying to come to a consensus on the Farm Bill, a provision legalizing hemp will be included in the legislation. When asked by reporters about the hemp provisions … Read more about McConnell: Farm Bill Will Include Hemp Legalization

SEC Charges EtherDelta Founder with Operating Unregistered Exchange

The US Securities and Exchange Commission (SEC) announced settled charges on the first enforcement action based on findings that a digital token trading platform was operating as an unregistered national securities exchange. The charges were against Zachary Coburn, founder of decentralized Ethereum … Read more about SEC Charges EtherDelta Founder with Operating Unregistered Exchange

Epidiolex Now Available Across US

    Epidolex, the first FDA-approved cannabis-based medication, is now available via prescription in all US states. Produced by GW Pharmaceuticals, the drug received approval by the US Food and Drug Administration (FDA) in June, followed by a narrow rescheduling by the US Drug … Read more about Epidiolex Now Available Across US

Canada Legalizes Recreational Marijuana

Canada became the second country in the world (after Uruguay) to legalize cannabis on a national level on October 17, 2018. A bill passed by the Canadian Parliament in June, Bill C-45, went into effect today, allowing adults across Canada to possess up to 30 grams of marijuana (roughly an ounce) and … Read more about Canada Legalizes Recreational Marijuana

LAX Allows Travelers to Keep Cannabis

An official policy change at Los Angeles International Airport (LAX) allows passengers traveling through the airport with marijuana, in accordance with California’s marijuana regulations, to avoid arrest, at least by the airport’s police officers. The policy change is just now getting media … Read more about LAX Allows Travelers to Keep Cannabis

Mormon Church Compromises on Medical Marijuana

Utah voters are expected to legalize medical marijuana in the state by way of a proposition on the November ballot. Utah Governor Gary Herbert has announced that there has been a compromise reached between medical marijuana supporters and the Mormon Church, a powerful political force in the state … Read more about Mormon Church Compromises on Medical Marijuana