New York lawmakers have approved a bill that would require public health insurance providers in the state to include medical marijuana as a covered prescription drug and authorize private insurers to do the same. The Assembly Health Committee passed the legislation from Majority Leader Crystal Peoples-Stokes (D) in an 18-7 vote on Tuesday. It now... Continue Reading →

A Washington State House committee advanced legislation on Tuesday that would protect job applicants in the state from being discriminated against for using marijuana. The bill, which already passed the full Senate last month, would forbid most employers from rejecting applicants simply for testing positive for cannabis on pre-employment drug tests. Workers could still be... Continue Reading →

A California Senate committee has approved a bill to legalize possession of certain psychedelics and facilitated use of the substances. The legislation from Sen. Scott Wiener (D), which was refiled in December after a more expansive version was derailed last session, cleared the Senate Public Safety Committee in a 3-1 vote on Tuesday and next... Continue Reading →

The lead GOP Senate sponsor of a marijuana banking bill wants bankers to “unleash and army” of lobbyists on Capitol Hill to push for the passage of the reform legislation through the Senate this Congress. During a speech at the American Bankers Association (ABA) Washington Summit on Tuesday, the senator talked next steps for the... Continue Reading →

As the cannabis industry has found itself struggling to compete against unlicensed players, high taxes and falling prices – the ripple effect continues. Late last week, another shareholder filed suit in Maryland against cannabis real estate investment trust Innovative Industrial Properties (IIP) (NYSE: IIPR) for failing to be truthful to investors about its business dealings... Continue Reading →