While many cannabis users (especially white, affluent ones) haven’t felt much federal pressure over the drug’s Schedule I status, those groups who have helped pioneer legal cannabis as producers and retailers have often faced heavy crackdowns, and short-term losses into the millions. Overall, more than 8.2 million Americans were also arrested for marijuana crimes between 2001 and 2010 alone, Slate points out.
Extending the clause’s effects through December 8 could therefore offset some big burdens for cannabis operators who’re trying in good faith to build businesses that comply with state laws–at least for a few more months. Despite this development, however, many aspects of federal and state game-plans for the cannabis industry remain uncertain, forcing a range of cannapreneurs to proceed unprotected while hoping for the best.
How medical marijuana dispensaries handle money is a huge problem nationwide. Just. Plain. Huge. In January, the Los Angeles Times reported that the whole industry is on track to bring in about $7 billion in revenue in 2018, which means the problem’s only going to get worse.
The problem is very simple: though many states, including Hawaii, have legalized the sale of marijuana for medicinal purposes, the federal government still considers the drug completely illegal. That means banks–regulated by the Federal Deposit Insurance Corporation (FDIC)–refuse to do business with anyone who handles medical marijuana money. And that means the dispensaries that are doing business right now are doing so on a cash-only system. Given the $7 billion in revenue this industry is on track to bring in, that just invites all sorts of trouble.
But now Hawaii state officials say they have a solution.
Dabbing enthusiasts everywhere, rejoice! Rosin is here, and it’s making some big waves in the extract community. This emerging solventless extraction technique allows anybody to make their own high quality hash oil from the comfort of their home.
What Is Cannabis Coconut Oil? Coconut oil has been increasingly embraced by the cannabis community in recent years due to its natural medicinal benefits and its superiority as marijuana transporter. This plant-based ingredient has the highest potency of saturated fats of any oil, making it the most effective medium to bind the fat-soluble THC. For […]