Russia Announces Expansion of Government-Backed Cryptocurrency

Last week, Russian news sources reported that the lower house of the country’s Federal Assembly may pass a resolution to allow the country to further develop cryptocurrency systems. According to Rambler, the Russian media outlet that first announced the news, officials are currently looking to … Read more about Russia Announces Expansion of Government-Backed Cryptocurrency

MED Issues Statement on Signage Requirements

Thursday, February 21, 2019, the Colorado Department of Revenue Marijuana Enforcement Division (“MED”) released an official Statement of Position regarding signage requirements for access areas within cultivation facilities. Signed by James Burack, the Division’s director, the statement was released … Read more about MED Issues Statement on Signage Requirements

Colorado Cannabis Sales Reach $6 Billion Since Legalization

  In a news release published last Tuesday, Colorado’s Marijuana Enforcement Division (“MED”) has announced that the state’s cannabis sales have topped $6 billion since the substance’s legalization in 2014. Using statistics from the Colorado Department of Revenue’s final sales and tax … Read more about Colorado Cannabis Sales Reach $6 Billion Since Legalization

Hawaii Approves Cannabis Legislation for Senate Review

Following a late-January legislative hearing, Hawaii’s Senate Judiciary Committee decided on Thursday to approve the state’s current bill to legalize cannabis. Passed in a unanimous 5-0 vote, the legislation has been co-sponsored by 12 of the 25 members of Hawaii’s Senate and cites, “the … Read more about Hawaii Approves Cannabis Legislation for Senate Review

New York City Bans CBD-Infused Consumables

  New York City officials are taking a firm stance in the regulation of cannabidiol (“CBD”) products. Earlier this week, the NYC Department of Health (“DOH”) issued bans against CBD-infused food and drinks as a part of a citywide initiative. The New York DOH visited and inspected eleven … Read more about New York City Bans CBD-Infused Consumables

Psilocybin Mushroom Initiative Makes Denver 2019 Ballot

Denver will be preparing for another major drug debate, as officials announced last Friday that the effort to decriminalize psilocybin mushroom has received enough signatures to make the upcoming May ballot. Local advocacy group, Decriminalize Denver, received over 5,000 signatures for the … Read more about Psilocybin Mushroom Initiative Makes Denver 2019 Ballot

Singapore Cryptocurrency Company Looking to Publicly Trade in the U.S.

This week, one of the largest cryptocurrency holding companies in the world took a critical step towards publicly trading in the United States. Operating out of Singapore, BTHMB signed a binding letter of intent with Blockchain Industries (BCII), a U.S. holding company specializing in investment … Read more about Singapore Cryptocurrency Company Looking to Publicly Trade in the U.S.

Denver Mushroom Ballot Initiative

Colorado may soon have another opportunity to reform drug policy – this time, with psilocybin mushrooms. Activist group Decriminalize Denver has announced that they have gathered enough ballot petitions for the opportunity to vote on the decriminalization of psilocybin mushrooms in the upcoming May … Read more about Denver Mushroom Ballot Initiative