SEC Official: Ether is not a Security

The US Securities and Exchange Commission (SEC) Director of Corporate Finance William Hinman, speaking at the All Market Summit: Crypto in San Francisco, said that neither bitcoin nor ether would be classified as securities by the SEC. Hinman said, "Based on my understanding of the present state of … Read more about SEC Official: Ether is not a Security

STATES Act a Game Changer for Cannabis

On June 7, 2018, Senators Elizabeth Warren (Democrat - Massachusetts) and Cory Gardner (Republican - Colorado) introduced bipartisan legislation that would allow states to regulate cannabis without incurring any federal interference. The Strengthening the Tenth Amendment Through Entrusting States … Read more about STATES Act a Game Changer for Cannabis

Colorado Governor Vetoes Bill Allowing Patients with Autism to Use Medical Marijuana

Colorado Governor John Hickenlooper has vetoed a bill that would have allowed those with autism to use medical marijuana. The bill, HB 18-1263, titled "Medical Marijuana Use for Autism and Acute Pain," would have added autism spectrum disorders to the list of qualifications for use of medical … Read more about Colorado Governor Vetoes Bill Allowing Patients with Autism to Use Medical Marijuana

State-Backed Cannabis Bank Bill Passes California Senate

Last week, California lawmakers moved to create a bank backed by the state that would help handle money from the state's newly created recreational marijuana market. The bill, SB930, which would allow charter banks and credit unions regulated by the California Department of Business Oversight to … Read more about State-Backed Cannabis Bank Bill Passes California Senate

Sessions’ Anti-Weed Agenda Benefiting Legal Cannabis Industry

When Attorney General Jeff Sessions began serving under current US President Donald Trump, the cannabis industry held its collective breath, anticipating the worst. Sessions' aversion to cannabis is well-known; he once declared, "Good people don’t smoke marijuana." His anti-cannabis agenda was a … Read more about Sessions’ Anti-Weed Agenda Benefiting Legal Cannabis Industry

Marshall Islands Replace US Dollar with Cryptocurrency

The Marshall Islands has created its own cryptocurrency, the Sovereign (SOV), and declared it the new official currency of the country, replacing the US Dollar. The bill creating the SOV was signed March 1, 2018. The SOV will now be the official legal tender for businesses and the 53,000 or so … Read more about Marshall Islands Replace US Dollar with Cryptocurrency

SEC Expertly Trolls ICO Investors

In what was a brilliant, hilarious, and somewhat childish move, the US Securities and Exchange Commission (SEC) has released a fake Initial Coin Offering (ICO) in order to highlight the risk of fraud within the ICO market. The SEC has long cautioned about the potential for investors to fall prey to … Read more about SEC Expertly Trolls ICO Investors

CO Gov to Sign Marijuana “Tasting Room” Bill

A bill allowing adults to consume small amounts of cannabis by eating edibles or vaping marijuana concentrate or marijuana products on the premises of a duly licensed recreational marijuana retailer was sent to the desk of Colorado Governor John Hickenlooper on Thursday, May 3, 2018. If signed into … Read more about CO Gov to Sign Marijuana “Tasting Room” Bill