Signed as Law: Colorado Expands Industrial Hemp Industry Despite Federal Prohibition

DENVER, Colo. (June 11, 2018) – Colorado Gov. John Hickenlooper has signed a bill into law that will further mainstream the state’s industrial hemp industry. Implementation of this new law will likely pave the way for faster development of the state’s hemp market, and further nullify federal prohibition in practice and effect.

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California Senate Passes Bill to Create Banking Alternative for Cannabis Industry, Bypass Federal Reserve

SACRAMENTO, Calif. (June 6, 2018) – Last week, the California Senate passed a bill that would establish limited state-chartered banks to serve the cannabis industry. Final passage of this legislation would remove a major federal roadblock in front of the developing marijuana industry in the state and further nullify federal prohibition of cannabis.

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