Politics

Hawaii, the cradle of Maui Wowie, Kona Gold and other classic strains, may soon become the 23rd state (along with Washington D.C.) to decriminalize low-level possession of cannabis.

The top financial regulators in 25 states and U.S. territories are joining together to pressure Congress to pass legislation allowing marijuana businesses to store their profits in banks.

Pot policy is suddenly a hot topic for federal lawmakers -- and on the 2020 campaign trail.

Attorney General William Barr said on Wednesday that he would prefer that Congress enact legislation allowing states to legalize marijuana instead of continuing the current approach under which a growing number of states have ended cannabis prohibition in conflict with federal law.

The Texas House is scheduled to vote on a bill on Thursday that would make low-level marijuana possession punishable by a fine with no jail time.

The head of the U.S. Treasury Department said on Tuesday that there is no regulatory solution to existing banking access issues for the marijuana industry, and he encouraged Congress to resolve the problem with legislation “on a bipartisan basis.”

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