Congress is Preparing to Vote on the Medical Cannabis Research Act

For the first time in a Republican-controlled Congress, a marijuana-related bill will see a vote by the House panel that oversees federal drug enforcement. The bill in question is the Medical Cannabis Research Act, which is sponsored by Representative Matt Gaetz and 40 bipartisan cosponsors. If passed, it would require the federal government to license additional facilities to cultivate cannabis to be used in scientific studies.

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Sean Doyle
Koch Brothers Support Marijuana State Rights

In a rebuke of United States Attorney General Jeff Sessions's rescission of the Cole Memorandum, the Koch brothers released a sharply worded statement supporting states' rights with regard to legal marijuana. The statement, first released in late January, argues that "citizens have spoken on marijuana" and that

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DT
Senator Cory Booker Stays Firm Against Sessions

When Attorney General Jeff Sessions announced his decision to rescind protections for states with legal marijuana laws, many politicians spoke out against him. But only one, has taken actual steps to prevent Sessions' from enacting his agenda.

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DT
Oregon Wholesale Pricing At Record Lows

Significant wholesale pricing pressure continues to be financially devastating to growers.  MJ Biz Daily reports of wholesale trim pricing has fallen as low as $50/lb. This extreme pricing pressure is exacerbated following the large amount of outdoor grown product that is available for sale after the fall harvest.

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DT
Members of Congress Urge Extended Protection of State Medical Cannabis Laws

On Nov. 28, 2017, a bipartisan group of federal lawmakers sent a letter to congressional leaders, urging them to extend protection of state medical cannabis laws in the 2018 appropriations bill via a provision that would put language in the spending bill to prevent the United States Department of Justice from using federal funds to prosecute those in compliance with state medical cannabis laws.

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DT
Baker Acquires GrassWorks Media

Salveo Capital's portfolio company just announced an acquisition to further expand its market lead in providing CRM and loyalty reward services to the cannabis industry.

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DT