Author: Eric Sheetz

Mastercard Announces Ban On Debit Card Transactions For Weed Purchases

Payment processing powerhouse Mastercard this week revealed the company is taking steps to prevent PIN-based debit card transactions for marijuana purchases, dealing a blow to a regulated cannabis industry already struggling with limited payment options for consumers. On Wednesday, Bloomberg reported that Mastercard, the world’s second-largest payment solutions provider, had informed financial institutions and other […]

NASA Employee Used COVID Small Business Relief to Fund Illegal Pot Operation

An employee of the National Aeronautics and Space Administration (NASA) pleaded guilty to using COVID relief designed for small businesses to fund an illegal cannabis operation. A NASA-Jet Propulsion Laboratory (JPL) employee agreed to plead guilty to defrauding a government loan program developed during the COVID-19 pandemic. He admitted that he used part of the […]

Albania Legalizes Medical Cannabis

Albanian lawmakers on Friday approved a measure legalizing marijuana for medical purposes. The country’s parliament “voted 69-23 to allow limited and controlled growth of cannabis plants, a move harshly contested by the opposition,” according to the Associated Press. As the AP noted, the bill’s passage is notable given Albania’s history as “a European crossroads for […]

States With Legal Weed See Drop in Mental Health Treatment

States that have legalized recreational marijuana use for adults have also seen a drop in mental health treatment admissions, according to newly published research. The findings, which came in a study published last month in the journal Health Economics, were based on data from ten states that have legalized adult-use cannabis.  “Recreational marijuana laws (RMLs) […]

New York Approves New Retail Licenses, Cannabis Farmers Markets

New York cannabis regulators this week approved more than 200 additional retail dispensary licenses and adopted new rules that will allow cannabis growers to sell directly to consumers at farmers markets. Characterizing the moves as “bold actions to swiftly grow the state’s legal cannabis market,” the New York State Cannabis Control Board (CCB) and the […]