Newsletter
Cannabis banking amendments in committee today (Newsletter: September 27, 2023)
NY marijuana bill on gov’s desk; NE medical cannabis ballot push; DOJ drug safe consumption filing; Psychiatrists’ shifting psychedelics attitudes
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/ TOP THINGS TO KNOW
The Senate Banking Committee is expected to consider several amendments to a marijuana banking bill on Wednesday—touching on cannabis industry access to stock exchanges, broad banking regulations, justice-focused marijuana reform and more.
A bipartisan coalition of 66 New York lawmakers—nearly a third of the entire legislature—sent a letter calling on Gov. Kathy Hochul (D) to sign a bill that would allow marijuana farmers to sell products to tribal cannabis retailers.
A Nebraska mother whose son suffers from severe epilepsy spoke to Marijuana Moment about how she and other activists intend to get medical cannabis initiatives on the state’s ballot in 2024 after being blocked over the past two election cycles.
The Department of Justice filed a brief urging a federal court to dismiss a Philadelphia nonprofit’s claims that it deserves a religious exemption to drug laws in order to open a safe consumption site for illegal substances.
A new study shows a “striking positive shift in attitudes” about psychedelics among psychiatrists over the past seven years.
- There was “significantly increased optimism regarding the therapeutic promise of hallucinogens and decreased concern about risks.”
Northern Virginia Hemp and Agriculture’s Travis Lane authored a Marijuana Moment op-ed explaining why his company—and his grandmother—are suing Virginia officials over the state’s law on total THC limits for hemp products. The first hearing in the case is on Friday.
Alaska Lt. Gov. Nancy Dahlstrom (R) signed new regulations that will allow marijuana businesses to advertise on buses and to distribute free samples of cannabis products.
/ FEDERAL
The White House noted that prior drug use—”including marijuana, regardless of whether the marijuana use was permitted under state law”—could make applicants ineligible to intern at the Office of Pandemic Preparedness and Response Policy.
The Drug Enforcement Administration and Department of Homeland Security issued an update on “the ongoing threat of illicit xylazine.”
/ STATES
New Jersey Gov. Phil Murphy (D) signed a bill to revise ownership restrictions for marijuana businesses.
Minnesota Gov. Tim Walz (D) said he will emphasize regulatory experience in selecting a new top marijuana regulator after his first pick withdrew amid revelations that her business allegedly sold illegal cannabis products.
The Oklahoma Senate Public Safety Committee held a hearing on marijuana- and drug-impaired driving.
Pennsylvania lawmakers discussed their views on legalizing marijuana.
Massachusetts’s state auditor issued a report on the Cannabis Control Commission.
North Dakota regulators filed revised rules on medical cannabis business fees.
Colorado regulators will host several marijuana rulemaking meetings next month.
Vermont regulators will host a meeting of a medical cannabis program study committee on Thursday.
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Marijuana Moment is tracking more than 1,000 cannabis, psychedelics and drug policy bills in state legislatures and Congress this year. Patreon supporters pledging at least $25/month get access to our interactive maps, charts and hearing calendar so they don’t miss any developments.
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/ INTERNATIONAL
The Philippine health secretary said his department will push to legalize medical cannabis.
British Columbia, Canada regulators are now allowing cannabis producers to provide samples to stores.
/ SCIENCE & HEALTH
A study demonstrates “the potential of CBD as a component in the Cannabis-based biomaterials used in the development of novel therapeutic approaches for treating inflammatory pathogenesis.”
A study found that “most online marijuana dispensaries lacked adequate age verification features and most accepted nontraceable payment methods, enabling youth to hide their transactions,” and that “almost 1 in 5 online dispensaries required no formal age verification at any stage of the purchasing process.”
/ ADVOCACY, OPINION & ANALYSIS
The Kentucky Center for Economic Policy issued a report concluding that more than 300,000 people in Kentucky have been charged with a cannabis-related crime over the past two decades.
The Ohio Chamber of Commerce is urging voters to reject the marijuana legalization initiative on the state’s November ballot.
/ BUSINESS
Organigram Holdings Inc. filed a preliminary short form base shelf prospectus allowing it to qualify the distribution of up to C$500 million worth of common shares, debt securities, subscription receipts, warrants and units.
Numinus Wellness Inc. established an at-the-market equity offering program allowing it to issue and sell up to C$10 million worth of common shares.
Canopy Growth Corporation shareholders reelected board members, approved auditors and adopted an equity incentive plan, among other actions.
Leafly launched a new API for order integration.
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