NJ Department of Health Seeking New Alternative Treatment Centers to Expand Access to Medical Marijuana

The New Jersey Department of Health today announced it is seeking new applicants to operate up to 108 additional Alternative Treatment Centers (ATCs): Up to 38 in the northern region of the state, up to 38 in the central region, and up to 32 in the southern region. Three types of endorsements will be available for ATCs: cultivation, manufacturing and dispensary. Read more 

7 Statistics Entrepreneurs Need to Know About Legal Cannabis and CBD

How fast is the stigma of cannabis fading? Consider the numbers: Cannabis, whether for medical use or recreationally by adults, is legal in 33 states, Washington, D.C. and the U.S. territories of Guam and Puerto Rico. An estimated 73 million Americans live in the 10 states that have legalized for adult use. A record-high 62 percent of Americans agree cannabis should be legalized. Read more

USDA To Provide Intellectual Property Protection For Hemp Varieties

The U.S. Department of Agriculture announced on Wednesday that it would begin accepting applications from plant breeders to protect varieties of hemp propagated from seed. In the bulletin, the USDA’s Agriculture Marketing Service said that protection of new hemp varieties would be provided to breeders under an existing program authorized by the Plant Variety Protection Act. Read more

TSA Updates Rules To Allow Hemp-Derived CBD Aboard Flights

Over Memorial Day weekend, the Transportation Security Administration updated its policy on marijuana, specifying that some hemp-derived CBD products may be carried aboard flights if the situation fits certain circumstances. Read more

New Report Says US Cannabis Market Could Hit $22.7B By 2023, New York And Massachusetts To Emerge As Leaders

A new report projects the cannabis market in the United States will reach $22.7 billion in sales by 2023. The estimates in the Brightfield Group report imply a compound annual growth rate (CAGR) of 20 percent over the next four years. Read more

Let Cannabis Industry Use Banks, Credit Cards, Pa., N.J. Attorneys General Tell Congressional Leaders

Industry analysts estimated that in 2017 the U.S. cannabis industry generated more than $8.3 billion in sales. Because the federal government considers marijuana illegal, nearly every dollar generated was handled outside the federally regulated banking system. More importantly, every transaction was handled in cash. Read more

USDA Clarifies Industrial Hemp Production for Indian Tribes

This notice clarifies avenues for Tribal participation under authorities in the 2014 Farm Bill to grow industrial hemp for research purposes during the 2019 growing season. Under the 2014 Farm Bill, an Indian tribe can enter into a partnership or contract with an institution of higher education or a State department of agriculture both within or in a different State than the one in which the Indian tribe is located to produce industrial hemp on the tribe’s land. Read more

Get Wise: How Law Firms Help The Cannabis Industry Understand Industrial Hemp’s New Legal

The cannabis industry is still fighting for the long road ahead. Despite the rallying of 33 states for The SAFE Banking Act, and regardless of the 2018 Farm Bill’s statute legalizing the production and shipment of industrial hemp, the United States is still slow to accept the cannabis industry as legitimate. One of the most difficult hurdles lately has been transportation. Read more

Congressional Funding Bill Protects Cannabis Banking and Lets DC Legalize Marijuana Sales

Federal officials would be blocked from punishing banks for working with marijuana businesses under an annual spending bill released by congressional Democratic leaders on Sunday. The legislation, which is set to be considered by a House subcommittee on Monday, would also remove a longstanding rider that prevents the city of Washington, D.C. from spending its own money to legalize and regulate recreational cannabis sales. Read more