Filtered by tag "DEA"

Some notable trends emerged through New Frontier Data’s analysis of where California’s 3,040 cultivation licenses have been issued as of July 18. Out of the 27 participating counties, Santa Barbara and Humboldt account for more than half (52%) of the active growers licenses. Monterey and Merced counties mark the state’s unofficial southern divide, there are […]

  Despite federal prohibition of cannabis, the number of U.S. financial institutions serving the industry increased more than 29% in 18 months. Most institutions are state-chartered banks and credit unions; national banks avoid plant-touching businesses pending formal clarity of federal rules regarding cannabis businesses. Financial Crimes Enforcement Network (FinCEN) guidelines compel [...]

  Despite the majority of states allowing medical cannabis use, cannabis leads drug-related prosecutions in the U.S by a significant margin. Over 650,000 people were arrested for cannabis-related offenses in 2016, the most recent year for which data is available. This was virtually unchanged from 2015, but down 24% from a peak of 873,000 arrests […]