Browsing: government

The legal cannabis industry took another financial blow this week after the U.S. Federal Reserve announced that chartering a bank specifically for funds from cannabis businesses is “criminal.”

In a scathing decision, a federal court in California has ruled that the Drug Enforcement Administration’s interpretation of a recent medical marijuana bill “defies language and logic,” “tortures the plain meaning of the statute” and is “at odds with fundamental notions of the rule of law.” The ruling could have a broad impact on the DEA’sRead More
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