Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.
- Senators from both parties try to ease banking for marijuana businesses
(Reuters UK: Financial Services and Real Estate, 18 May 2017)
WASHINGTON, May 17 (Reuters) – Republican and Democratic senators on Wednesday renewed their drive to make banking easier for marijuana-based businesses in those U.S. states where the drug is legal, undeterred by signals from the Trump administration about maintaining tough marijuana restrictions nationally.
- Lawmakers renew push to end federal ban on marijuana
(The Hill: Regulation, 18 May 2017)
A small, bipartisan group of lawmakers is renewing a push at the federal level to legalize marijuana, calling it a criminal justice issue.
- Exclusive: U.S. marijuana sales could rise 35% in 2017, hit $17B annually by 2021
(Marijuana Business Daily: News, 17 May 2017)
By Marijuana Business Daily staff Retail sales of medical and recreational cannabis in the United States are expected to hit $5 billion-$6 billion this year and surge to as high as $17 billion by 2021, according to exclusive projections released today in the 2017 Marijuana Business Factbook.
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