For the 98 percent of Americans who live in states or jurisdictions with some level of cannabis legalization – whether recreational or medical – it is far past the time to have some legitimate banking options. There are now thousands of cannabis-related businesses that buy and sell goods and services, estimated to be worth over $50 billion nationally. However, […]
Cannabis stocks climb ahead of congressional hearing on bank access
Yaël Ossowski, deputy director at the cannabis advocacy group Consumer Choice Center, urged lawmakers to push for banking reform, outlining the risks facing companies forced to operate as cash-only businesses. “Higher risk means cannabis companies face additional costs,” Ossowski said in a statement. “They have to hire security guards for transporting cash and paying local […]
Legal Cannabis Is Here to Stay, and Consumers and Entrepreneurs Deserve Safe Banking Options
For hundreds of millions of Americans across the country, cannabis is no longer the “reefer madness” street drug it once was. Much like alcohol before it, the cannabis plant has evolved from a narcotic trafficked across borders and sold on the black market into one of the most sought-after products in legitimate commerce, bought by consumers who […]
Praising Santa Barbara County’s innovative cannabis regulations
The nascent cannabis sector is alive and well in California. While many other California counties have shut the door on the legal cannabis market, Santa Barbara County has ensured both consumers and entrepreneurs can profit from cultivation and trade –– and that remains a huge boon to the local economy, taxpayers, and residents. Out of […]
Marijuana promises economic benefit, poses financial questions
Michiganians voted Tuesday to introduce a new industry to the state that is expected to bring in $765 million in revenue over the next year and thousands of new jobs. What we’re talking about is legal cannabis. Look no further than the state of Colorado to see the incredible effects of legal cannabis on the […]
Si la CAQ souhaite promouvoir l’économie, il faut s’ouvrir au cannabis
Le nouveau premier ministre du Québec François Legault, de la Coalition Avenir Québec (CAQ), dit qu’il veut remettre plus d’argent dans les portefeuilles des Québécois. Et maintenant que la CAQ a le mandat d’un gouvernement majoritaire, les paroles vont bientôt se transformer en actions. Legault et la CAQ ont déjà déclaré qu’ils sont en faveur […]
Quebec Should Embrace Cannabis To Promote The Economy
The CAQ’s anti-pot stance is sure to hurt consumers and citizens in Quebec. The new Quebec premier Francois Legault of the Coalition Avenir Quebec says he wants to put more money in the pockets of Quebecers. And now that the CAQ has the mandate of a majority government, his words will soon turn into actions. […]
Amendes cannabis au Manitoba: « Cruelles et punitives »
Notre directeur-adjoint Yaël Ossowski en ondes avec à Radio-Canada Ici Manitoba avec Martine Bordeleau pour parler de l’interdiction de la culture du cannabis au Manitoba et pourquoi les amendes (plus de 2500$) sont cruelles, punitives et inutiles. https://ici.radio-canada.ca/premiere/emissions/l-actuel http://consumerchoicecenter.org
‘Pot Banks’: The Answer for a Budding Industry?
By Yaël Ossowski | MG Retailer When California voters approved Proposition 64 in November 2016, the Golden State became effectively the largest jurisdiction in the world to legalize recreational sale and use of cannabis. On January 1 of this year, when recreational sales were legalized, politicians, tax collectors, and business owners already were seeing green. […]
Republicans could redeem themselves by legalizing CBD, industrial hemp
Senate Majority Leader Mitch McConnell is seeing green. He wants to legalize industrial hemp, a highly versatile derivative of the cannabis plant, and that’s great news for consumers and entrepreneurs. He’s been joined in the fight by his fellow Kentuckian Sen. Rand Paul and top Democratic leaders Sen. Mark Warner and Sen. Tim Kaine, both […]