New York's Office of Cannabis Management (OCM) is being sued by the Coalition for Access to Regulated and Safe Cannabis (CARSC), for allegedly violating the Marijuana Regulation and Taxation Act (MRTA).
What happened
Is the marijuana industry against hemp? If so, Why?
A non-profit advocacy organization committed to promoting policies and legislation that lead the way forward for hemp and CBD, the U.S. Hemp Roundtable is warning about the legislative efforts across several states that are endangering the hemp industry.
Last week the US economy got clobbered by the biggest banking collapse since 2008 when the parent of Silicon Valley Bank, SVB Financial Group (NASDAQ: SIVB) failed to raise enough capital to continue.
California cannabis company TPCO Holding Corp. (NEO: GRAM) (OTCQX: GRAMF) its licensee agreement with Mirayo by Santana, a line of premium cannabis products curated by ten-time Grammy award-winning guitarist and longtime marijuana advocate Carlos Santana.
The UK’s Medicines and Healthcare products Regulatory Agency (MHRA) recently published collected data on CBD safety, placing the information under its Yellow Card alert system, which lists various adverse reactions to drugs in general.
In the report, the agency notes that as many as 10 people have died from CBD and more than 870 experienced adverse reactions.
It is safe to say that the cannabis industry would not have progressed as much as it has if it were not for the people who believed in it. Cannabis advocates, lobbyists, growers, operators, consumers and researchers have consistently played a crucial role in the space. Nevertheless, without capital, the industry wouldn’t have advanced to where it is today.