The United Arab Emirates (UAE) is getting closer to issuing a regulatory and supervisory framework that will govern the country’s virtual asset industry, the Securities and Commodities Authority (SCA) has said. FATF Recommendations A UAE securities regulator, the SCA has said it is getting closer to “issuing the regulatory and supervisory framework related […]

Marijuana plants in the clone room, March 21, 2021 at the Harvest Health and Recreation Inc. cultivation facility, Camp Verde, ... Read More

Since Oklahoma started issuing cannabis cultivation licenses, the leaderboard has always been dominated by either Oklahoma or California. They are the only states with a double digit percentage of licenses. Here's what the leaderboard looks like across the U.S. today. © CNB Media LLC dba Cannabiz Media

His Majesty Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the United Arab Emirates and Ruler of Dubai, has signed the world’s first law on virtual assets regulation. The regulation was enacted with the goal of making Dubai a prominent actor in shaping the future of virtual assets while also encouraging responsible economic growth. Sheikh Mohammed confirmed that Dubai will play a significant role in shaping the worldwide future of virtual assets: “Today, we are engaged in shaping the global future of virtual assets.” Sheikh Mohammed emphasized that Dubai possesses all of the qualities that make it one of the most important worldwide centres for virtual assets, particularly the advanced regulatory environment. اعتمدنا اليوم في دبي أول قانون من نوعه لتنظيم الأصول الافتراضية Virtual Assets .. وأسسنا سلطة مستقلة للإشراف على تطوير أفضل بيئة أعمال في العالم للأصول الافتراضية تنظيماً وترخيصاً وحوكمةً واتساقاً مع الأنظمة المالية المحلية والعالمية .. pic.twitter.com/tqYEJdeuwh — HH Sheikh Mohammed (@HHShkMohd) March 9, 2022 “In terms of organization, governance, and security,” he continued, “Dubai will deliver the most advanced virtual asset ecosystem.” “Approving the virtual asset law and establishing the Dubai Virtual Asset Regulatory Authority is a vital step that establishes the UAE’s position in this sector… a step that aims to help the sector to grow and protect investors.” Dubai Virtual Assets Regulatory Authority (VARA) The Dubai Virtual Assets Regulatory Authority, a Dubai World Trade Centre affiliate, will be in charge of overseeing and monitoring regulations and disclosures. The Authority will oversee and regulate the emirate’s future growth of virtual assets. It would also grant virtual asset service providers licenses and safeguard beneficiaries’ personal information. Activities subject to VARA authorization are: Operating and managing virtual assets platforms services; Exchange services between virtual assets and currencies, whether national or foreign; Exchange services between one or more forms of virtual assets; Virtual asset transfer services; Virtual asset custody and management services; Services related to the virtual asset portfolio; Services related to the offering and trading of virtual tokens. The authority is also tasked with organizing and establishing the rules and controls that govern the conduct of virtual asset activities, according to the law. This covers management, clearing, and settlement services, as well as the classification and specification of virtual asset types. To conduct business, anyone intending to engage in any of the virtual asset operations must first establish a presence in Dubai. With the exception of the Dubai International Financial Centre, the law’s provisions apply across the emirate, including special development zones and free zones. Violation of this law could result in: The penalty of a fine; Suspension of the permit for a period not exceeding six months; Cancellation of the permit; and Cancellation of the commercial license. The new law and the establishment of the Authority, according to Helal Saeed Al Marri, Director General of the DWTCA, will strengthen the UAE and Dubai’s position in the virtual asset sector and attract leaders from all over the world. The Dubai Virtual Asset Regulatory Authority, according to Al-Marri, would provide a comprehensive spectrum of VA services in collaboration with the UAE Central Bank and the Securities and Commodities Authority.

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Critics say the Missouri ballot initiative would limit competition in an emerging cannabis market and legislation would improve.

The post Activists Urge Missouri Lawmakers to Pre-Empt Cannabis Ballot Campaign appeared first on High Times.

The famous Hash Bash returns to Ann Arbor, Michigan next month, the 50th anniversary of the cannabis activism festival.

The post Ann Arbor Officials Prepare for 50th Anniversary Hash Bash appeared first on High Times.

Paxos continues to add to its licenses in various regions and is the first of its kind to be green-lit by both New York and Singapore

The post Paxos Secures Payments License From Singapore’s Central Bank appeared first on Blockworks.

Alaska Airlines and its regional partner Horizon Air are teaming up with Hillsboro Aero Academy, a premier flight school in the Pacific Northwest, to launch the Ascend Pilot Academy (APA). This new development program, designed for aspiring pilots, provides a simpler, more financially accessible path to becoming a commercial pilot at Horizon and eventually Alaska. […]

A bill relating to the development of casinos in Nebraska will now go for debate in the full legislature.

The post Nebraska Bill Paves Way for Casinos at Horse Racetracks appeared first on VegasSlotsOnline News.

The new bill would put different activities in motion within the medical program. It is most certainly one or more steps forward in a cannabis medical program that has been stalled for years. Whether or not the commission would open up its closed bidding process to the general public if this bill is approved is still unknown. Now, there's hope that the frustrating delays in the program will be a thing of the past. But that can only be possible if the bill is voted unanimously into law.

Cannabis is fully legalized in eighteen states and illegal in only four. With the continuing legalization and decriminalization of cannabis across the country, the industry is flourishing. In 2020, cannabis […]

Report: Women And Minorities Still Very Much Underrepresented In Cannabis Industry

The cannabis industry is not an exception to the general underrepresentation of women and minorities in the overall U.S. economy.

The post Report: Women And Minorities Still Very Much Underrepresented In Cannabis Industry appeared first on The Fresh Toast.