By some measures, the legal cannabis industry is flowering. It has grown to around $30 billion today from less than $20 billion just six years ago. But investors have remained wary of its high taxes, marijuana’s illicit status at the federal level and the operational costs of complying with a patchwork of state regulations. Now…
The Trump administration moved Thursday to reclassify cannabis under federal law, which could significantly expand scientific research into the drug’s medical uses. The change would not legalize the drug at the federal level, but shift cannabis from its current status as a Schedule I substance to Schedule III under the U.S. Drug Enforcement Administration’s controlled…
Colorado regulators announced on Monday that they plan to crack down on companies that illegally sell cheaper and potentially hazardous hemp products as marijuana. The state’s Marijuana Enforcement Division said it had detected “regulatory compliance issues” that threaten to unravel the marijuana industry in the nation’s first legal retail market. These issues “present serious risks…
