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

CFTC Chairman: DLT Can Automate Regulation

  The US Commodity Futures Trading Commission (CFTC) has, thus far, exhibited far more enthusiasm for Distributed Ledge Technology ("DLT") than the Securities and Exchange Commission ("SEC"). On balance the CFTC has come across as open, if not downright enthused by the possibilities … Read more about CFTC Chairman: DLT Can Automate Regulation

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

Farm Bill Lapses Without Passage of New Legislation

The 2014 Farm Bill expired quietly this past weekend (September 30) without any new legislation in its place, as lawmakers have been thus far unable to reach a consensus on a unified Farm Bill for 2018. The US House of Representatives broke for a recess before a cohesive version of the bill could be … Read more about Farm Bill Lapses Without Passage of New Legislation

German Bank Opens Crypto Exchange for Investors

A German securities trading bank has announced the first regulated cryptocurrency exchange for institutional investors, or whales, as larger investors are known in crypto markets. VPE Wertpapeierhandlesbank AG (VPE) has partnered with solarisBank to launch a cryptocurrency exchange. SolarisBank is a … Read more about German Bank Opens Crypto Exchange for Investors