Connect with us

Newsletter

Cannabis banking bill would save gov’t money, CBO says (Newsletter: May 27, 2019)

Published

on

Lawmakers work on SBA help for marijuana biz; VA cannabis research catch-22 called out; Spray marijuana mist to solve nuclear crisis?

Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day.

Your support makes Marijuana Moment possible…

This issue of Marijuana Moment, and our original reporting that is featured in it, are made possible by the generous support of 428 Patreon sponsors. Cannabis industry professionals receive valuable rewards for pledges of $25 and up.

Check out the perks of being a sponsor on our Patreon page.
https://www.patreon.com/marijuanamoment

/ TOP THINGS TO KNOW

The Congressional Budget Office issued a score for the marijuana banking bill that’s expected to hit the House floor soon. By 2029, banks and credit unions would see deposits jump by $2.1 billion and $350 million, respectively, CBO estimated. The office also projected that the measure would end up saving the government money after some initial implementation costs.

Members of Congress are working on legislation to remove barriers to Small Business Administration assistance for the marijuana industry. Sen. Jacky Rosen (D-NV) pressed an SBA official on the issue at a recent hearing.

At a House Armed Services Committee hearing, Rep. Matt Gaetz (R-FL) criticized Department of Veterans Affairs officials for effectively blocking participation in research that can demonstrate medical cannabis’s benefits for military veterans.

A C-SPAN caller had a novel idea for using cannabis to solve the nuclear crisis.

  • “We could spray a marijuana-Prozac or peace-happy-friendly chemical mist over sites in Iran and North Korea, where they’re working to produce nuclear weapons. And the mist would cause the workers…to chill out.”

/ FEDERAL

The Department of Justice carried out large-scale cannabis enforcement actions in Colorado, with the state’s U.S. attorney saying the state “has become the epicenter of black market marijuana in the United States” and a Drug Enforcement Administration special agent adding, “Unfortunately Colorado is no longer known for its beautiful mountains and scenery. Now it is known for marijuana and other illegal manufacturing and distribution of controlled substances.”

Rep. Ed Perlmutter (D-CO) tweeted, “Federal banking laws were designed to prevent illicit activity & help law enforcement do their jobs. These laws need to be applied to legitimate marijuana businesses to improve transparency, accountability.”

The House bill to deschedule marijuana and provide funding for expungements got three new cosponsors, for a total of 35.

/ STATES

Iowa Gov. Kim Reynolds (R) vetoed a bill to expand the state’s limited CBD medical cannabis program.

Pennsylvania’s lieutenant governor tweeted about public support for medical cannabis as an opioid alternative.

Texas lawmakers took final action on a medical cannabis expansion bill, sending it to the desk of Gov. Greg Abbott (R).

Nebraska lawmakers passed a hemp bill.

Nevada lawmakers approved legislation to streamline the process for sealing marijuana convictions. Meanwhile, the Assembly Judiciary Committee removed language from a pending bill that would have allowed counties to issue licenses for cannabis social consumption areas. Separately, court hearings in a case challenging the state’s marijuana license awarding process got underway.

Alabama representatives are likley to amend a Senate-passed medical cannabis bill to focus on studying the issue instead of legalizing access.

New York lawmakers filed a revised marijuana legalization bill.

Missouri regulators released final medical cannabis regulations.


Marijuana Moment is already tracking more than 1,000 cannabis 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.

Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.

/ LOCAL

Yakima County, Washington’s prosecuting attorney is opposed to vacating prior marijuana convictions.

/ INTERNATIONAL

South Africa’s government descheduled CBD.

Norway’s sovereign wealth fund reversed a decision to invest in the marijuana industry.

The Barbados government approved the importation of cannabis-based medicines.

/ ADVOCACY

The Multidisciplinary Association for Psychedelic Studies issued a statement disclosing an improper sexual relationship between a therapist and a patient in one of its clinical trials.

/ SCIENCE & HEALTH

A study of the relationship between opioid use disorder and cannabis use disorder found that “the group with co-occurring OUD and CUD was associated with a lower number of opioid prescriptions, but higher likelihood of inpatient psychiatric admission.”

A study of mice found that “animals fed with cannabis-diet displayed significantly reduced anxiety but statistically insignificant locomotory function, exploratory tendencies and neophilia, in a quantity dependent manner relative to the controls” and that “ingestion of whole cannabis plants may not adversely influence neuro-behavioural patterns in animals.”

/ OPINION & ANALYSIS

The Star-Ledger editorial board bemoaned the shuttering of the Drug Policy Alliance’s New Jersey office.

Make sure to subscribe to get Marijuana Moment’s daily dispatch in your inbox.

Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.

Tom Angell is the editor of Marijuana Moment. A 20-year veteran in the cannabis law reform movement, he covers the policy and politics of marijuana. Separately, he founded the nonprofit Marijuana Majority. Previously he reported for Marijuana.com and MassRoots, and handled media relations and campaigns for Law Enforcement Against Prohibition and Students for Sensible Drug Policy. (Organization citations are for identification only and do not constitute an endorsement or partnership.)

Newsletter

DEA sued over ‘secret’ cannabis law interpretation (Newsletter: March 30, 2020)

Published

on

Missouri legal marijuana effort impeded by COVID; Fed Small Biz Assn touts hemp progress; Colorado cannabis deliveries begin

Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day.

Your support makes Marijuana Moment possible…

This issue of Marijuana Moment, and our original reporting that is featured in it, are made possible by the generous support of 440 Patreon sponsors. Cannabis industry professionals receive valuable rewards for pledges of $25 and up.

Check out the perks of being a sponsor on our Patreon page.
https://www.patreon.com/marijuanamoment

/ TOP THINGS TO KNOW

Scientists are suing the Drug Enforcement Administration over its alleged use of a “secret law” to delay the expansion of marijuana research. They want access to an internal Justice Department memo that could reveal how the federal government is relying on an interpretation of international treaties to impede studies.

The Missouri campaign working to put a marijuana legalization measure on the November ballot announced it has “no practical way” of collecting enough signatures to qualify amid the coronavirus outbreak.

The federal Small Business Administration published a new post touting its efforts on behalf of the legal hemp industry. Meanwhile the agency says it can’t help marijuana firms with coronavirus-related disaster aid.

  • “From rope to clothing, biodiesel to hempcrete, plant-based ingestible protein to CBD balm, the uses of hemp are far-reaching.”

Colorado’s first legal marijuana delivery service has launched.

/ FEDERAL

National Institute on Drug Abuse personnel met with Canadian officials to discuss priority areas for marijuana research including setting a standard dose of THC in cannabis products, as well as safe consumption sites for illegal drugs.

A state representative who has led efforts to legalize medical cannabis is expected to be confirmed as the U.S. attorney for South Carolina on Monday.

Oregon Democratic congressional candidate Blair Reynolds urged people to sign petitions for a proposed therapeutic psilocybin legalization ballot measure.

/ STATES

South Dakota Gov. Kristi Noem (R) signed a hemp legalization bill.

Colorado Gov. Jared Polis (D) signed a bill repealing the regulation of marijuana financial services cooperatives.

Rhode Island Gov. Gina Raimondo’s (D)  coronavirus stay-at-home order exempts medical cannabis compassion centers as critical businesses.

Montana Gov. Steve Bullock’s (D) coronavirus stay-at-home directive exempts medical cannabis businesses as essential.

Vermont regulators said medical cannabis dispensaries can remain open under a coronavirus stay-at-home directive issued by Gov. Phil Scott (R) but are being encouraged to do phone and online transactions, and are allowed to do parking lot pickups. Patient, caregiver and dispensary staff registrations are also being extended for 90 days.

Illinois Gov. J.B. Pritzker (D) signed an executive order extending the deadline to submit marijuana infuser, craft grower and transporter businesses licenses by a month due to the coronavirus pandemic.

Massachusetts regulators are allowing curbside pickup of medical cannabis during the coronavirus outbreak. Separately, lawmakers sent a letter asking Gov. Charlie Baker (R) to allow recreational marijuana sales as essential during the coronavirus outbreak.

Oklahoma regulators said medical cannabis dispensaries can offer curbside pickup during the coronavirus pandemic.

Ohio regulators released updated guidance to medical cannabis businesses on maintaining clean and sanitary conditions amid the coronavirus outbreak.

Delaware regulators are asking medical cannabis patients and caregivers to mail, rather than deliver in person, their applications during the coronavirus pandemic.

Washington State regulators approved a rule on waiving marijuana business fees and tax penalties during the coronavirus outbreak, and withdrew a proposed rule on quality assurance sample testing.

A New Jersey court rejected a medical cannabis dispensary’s attempt to prevent a competitor from opening nearby.

Oregon generated more than $9.2 million in marijuana tax revenue for the state and an additional more than $1.4 million for local governments in February.


Marijuana Moment is already tracking more than 1,000 cannabis 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.

Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.

/ LOCAL

The Webster Groves, Missouri City Council approved a marijuana decriminalization ordinance.

Berkeley, California officials amended a coronavirus-related shutdown order to allow marijuana businesses to do curbside pickup.

/ INTERNATIONAL

The UK’S secretary of state for health and social care responded to lawmakers’ request for information about what the government is doing to increase access to and research about cannabis-based medicines.

/ SCIENCE & HEALTH

A study found that the “combination of CBD and [bacitracin] is suggested to be a putative novel treatment in clinical settings for treatment of infections with antibiotic resistant Gram-positive bacteria.”

A study of toxicology tests of women admitted to hospital labor and delivery units concluded that “prevalence of cannabis use until the time of delivery vary by location but were largely unchanged over a period of drug liberalization.”

/ ADVOCACY, OPINION & ANALYSIS

A poll of U.S. adults who use marijuana found that 28% have consumed more than usual in the past two weeks, 14% have used less than usual and 36% have seen no change.

The New York Daily News editorial board is urging lawmakers to not include marijuana legalization and other policy issues in the state budget.

The National Association of Cannabis Businesses has a new executive vice president and chief operating officer.

/ BUSINESS

KushCo Holdings, Inc. got a new CFO and laid off 49 employees.

Hightimes Holding Corp. is acquiring Humboldt Heritage Inc. and its subsidiaries Humboldt Sun Growers Guild and Grateful Eight LLC.

Denver, Colorado marijuana sales jumped 392% during the hours after the mayor announced a later-rescinded closure of dispensaries due to the coronavirus outbreak.

Florida medical cannabis sales increased by nearly 40% in a week.

/ CULTURE

Quibi is launching a series starring joint-rolling artist Tony Greenhand.

Make sure to subscribe to get Marijuana Moment’s daily dispatch in your inbox.

Photo courtesy of Chris Wallis // Side Pocket Images.

Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.
Continue Reading

Newsletter

Arizona legal cannabis campaign says it has enough ballot signatures (Newsletter: March 27, 2020)

Published

on

CBO: Vets marijuana measure won’t cost anything; Study: Teen treatment admissions down after legalization; Poll: Dispensaries are essential

Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day.

Your support makes Marijuana Moment possible…

By starting a $10 per month pledge on Patreon—or about 45 cents per issue of this newsletter—you can help us rely less on ads to cover our expenses, hire more journalists and bring you even more marijuana news.
https://www.patreon.com/marijuanamoment

/ TOP THINGS TO KNOW

Arizona marijuana activists say they have more than enough signatures to put a legalization measure on the November ballot. While not validated by the state yet, the campaign now has about 80,000 more raw signatures than needed.

The Congressional Budget Office projected that passing a bill to let Department of Veterans Affairs doctors recommend medical cannabis to military veterans would cost the government absolutely nothing.

A new study shows that youth marijuana treatment admissions declined after legalization for adults in Colorado and Washington—even bigger drops than occurred in states that kept cannabis criminalization in effect, though it’s not clear what caused the change.

A poll found that, by a two-to-one margin, Americans say medical cannabis dispensaries are “essential” and should be allowed to stay open during the coronavirus pandemic.

An Oregon effort to put a drug decriminalization and treatment expansion measure on the November ballot is the latest reform campaign to suspend in-person signature gathering activities due to the coronavirus pandemic, but it is asking supporters to print and mail signed petitions.

/ FEDERAL

The U.S. attorney for the Southern District of Texas tweeted, “I get asked all the time why we still police importation of marijuana. It’s still illegal. It still pours across the border, usually floated across, even with legalization in many states. And these loads are sources of hard currency for the cartels. That’s why.”

/ STATES

West Virginia Gov. Jim Justice (R) signed a bill allowing sales of medical cannabis in “dry leaf or plant form.”

Connecticut Gov. Ned Lamont (D) launched a no-interest loan program for small businesses but said that cannabis firms are not eligible.

Maryland lawmakers sent Gov. Larry Hogan (R) a bill to allow students to use medical cannabis at schools.

The New York Assembly majority leader said that it is more important than ever to legalize marijuana as a possible recession approaches.

A Louisiana judge said he opposes releasing people incarcerated for nonviolent offenses during the coronavirus pandemic because “members of this particular population are overwhelmingly drug addicts who have the worst hygiene of anyone in the community, other than the mentally ill.”

Colorado regulators released average market rates for retail marijuana.

Washington State regulators will consider an emergency rule on marijuana excise taxes and withdrawal of a rule on testing on Friday.

Here’s a look at Alabama’s harsh marijuana laws.


Marijuana Moment is already tracking more than 1,000 cannabis 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.

Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.

/ LOCAL

Berkeley, California officials mandated that all marijuana sales be conducted via delivery amid the coronavirus pandemic.

/ INTERNATIONAL

Venezuelan President Nicolás Maduro was indicted on drug trafficking charges by U.S. prosecutors.

The Mexican Senate’s move to suspend activities due to the coronavirus outbreak could jeopardize efforts to pass a marijuana legalization bill before a Supreme Court deadline.

Canadian regulators asked marijuana testing labs to help with coronavirus testing.

New Zealand’s medical cannabis program is on track to launch on April 1.

/ SCIENCE & HEALTH

A study did “not find a relationship between medical marijuana dispensaries and referrals for investigations of child maltreatment.”

A study of an occupational safety and health training for marijuana cultivation workers found that it “successfully reached cannabis employees in cultivation, compliance, and management” and that  participants “felt that the training was of high quality and addressed gaps in their knowledge related to safety and health hazards in the cannabis industry.”

/ ADVOCACY, OPINION & ANALYSIS

Marijuana Policy Project, NORML, Law Enforcement Action Partnership, Clergy for a New Drug Policy, Doctors for Cannabis Regulation, National Cannabis Industry Association and other groups sent a letter urging law enforcement and governors to reduce arrests for marijuana and grant clemency to people incarcerated for cannabis offenses during the coronavirus pandemic.

The Nevada Dispensary Association said its members are committed to complying with Gov. Steve Sisolak’s (D) order requiring marijuana sales to be conducted by delivery only.

The National Cannabis Industry Association delayed its annual Cannabis Business Summit & Expo to September 29 through October 1 from its initially scheduled June dates due to the coronavirus outbreak.

/ BUSINESS

DLA Piper launched a hemp and CBD practice.

Harvest Health & Recreation Inc. and Verano Holdings, LLC mutually agreed to cancel a pending merger.

Arkansas dispensaries sold more medical cannabis last Friday than on any other single day since the program’s launch.

The Selan Law Firm is being sued by a California marijuana dispensary license applicant who alleges its attorneys smoked cannabis during business meetings and provided incompetent legal services.

/ CULTURE

The Onion joked about the pros and cons of CBD for pets.

Make sure to subscribe to get Marijuana Moment’s daily dispatch in your inbox.

Photo courtesy of Chris Wallis // Side Pocket Images.

Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.
Continue Reading

Newsletter

GOP senator says cannabis firms aid coronavirus response (Newsletter: March 26, 2020)

Published

on

Mayor accidentally posts pic of marijuana vape?; OR psilocybin campaign hits COVID snag; NORML builds database of politician legalization positions

Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day.

Your support makes Marijuana Moment possible…

This issue of Marijuana Moment, and our original reporting that is featured in it, are made possible by the generous support of 438 Patreon sponsors. Cannabis industry professionals receive valuable rewards for pledges of $25 and up.

Check out the perks of being a sponsor on our Patreon page.
https://www.patreon.com/marijuanamoment

/ TOP THINGS TO KNOW

Sen. Cory Gardner (R-CO) took to the Senate floor to talk about how Colorado marijuana and hemp companies are stepping up to help with the coronavirus response.

Raleigh, North Carolina Mayor Mary-Ann Baldwin (D) appeared to  inadvertently tweet a picture of a marijuana vape pen alongside a large take-out order of Indian food she shared with friends.

Oregon’s campaign to legalize psilocybin mushrooms for therapeutic use is the latest drug policy reform effort to hit a snag amid the coronavirus pandemic. Activists have collected more than the required number of raw signatures but still want about 15,000 more to ensure a sufficient number of valid submissions and are working with state officials to “find responsible ways” to mail ballot petitions to potential supporters.

NORML is asking for help building out its database of where politicians stand on marijuana. If you know what your representatives have said about cannabis or how they’ve voted on reform bills, you can submit that info for other voters to see.

/ FEDERAL

Libertarian presidential candidate Lincoln Chafee, a former U.S. senator and Rhode Island governor, posted on Facebook, “Donald Trump does not support legalization. Joe Biden does not support legalization. I support legalization, because I support jobs and industry. 2020 is going to be the roughest for us in years for our economy. Marijuana legalization can provide a stable job source for our economy going forward to help younger people get employed. I will make it happen!”

Sens. Ron Wyden (D-OR) and Patty Murray (D-WA) said that marijuana businesses should be eligible for coronavirus-related disaster aid.

/ STATES

Colorado Gov. Jared Polis’s (D) coronavirus stay-at-home order exempts medical cannabis dispensaries (and curbside marijuana delivery) as critical businesses.

Washington, D.C. Mayor Muriel Bowser’s (D) coronavirus order temporarily closing many businesses exempts medical cannabis dispensaries and cultivation centers as essential.

Utah Gov. Gary Herbert (R) signed a bill amending medical cannabis rules. Meanwhile, the state’s top medical marijuana regulator said patients can still buy their medicine from approved pharmacies during the coronavirus pandemic.

Connecticut Gov. Ned Lamont (D) issued an executive order allowing doctors to issue medical cannabis recommendations via telemedicine, extending patient renewal deadlines and loosening some restrictions on businesses amid the coronavirus outbreak.

Washington State Gov. Jay Inslee (D) signed a proclamation letting regulators defer taxes and waive penalties for marijuana businesses amid the coronavirus outbreak.

Michigan regulators are allowing people to purchase marijuana using expired drivers licenses or government-issued identification cards because they cannot process renewals during the coronavirus outbreak.

Rhode Island regulators are directing medical cannabis patients and caregivers to email their documents amid the coronavirus outbreak instead of physically going to a state office as previously required.

Oregon regulators proposed rules on sampling marijuana products to determine whether they contain undisclosed ingredients or additives.

The California Legislative Analyst’s Office released an overview of cannabis-related budget provisions.

Alaska regulators hosted a Facebook Live chat to explain new hemp rules.


Marijuana Moment is already tracking more than 1,000 cannabis 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.

Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.

/ LOCAL

Juneau, Alaska’s coronavirus stay-at-home order exempts marijuana businesses.

A Los Angeles, California city councilman is being sued by a former staff member who alleges he demanded political donations and cash bribes in exchange for helping marijuana businesses secure licenses.

/ INTERNATIONAL

The Australian Senate Community Affairs References Committee published a report on barriers to patient access to medical cannabis.

Here’s a look at Macedonian lawmakers’ delays in expected passage of an amendment allowing medical cannabis flower exports.

/ SCIENCE & HEALTH

A study found support for the “medicinal potential of CBN in anti-cancer therapy.

A study found that “[first-episode psychosis] patients with a history of daily use of high-potency cannabis present with more positive and less negative symptoms, compared with those who never used cannabis or used low-potency types.”

/ ADVOCACY, OPINION & ANALYSIS

Anti-marijuana author Alex Berenson suggested in a Fox News appearance that there is a correlation between places with the most cannabis use and coronavirus cases.

The Alaska Marijuana Industry Association is calling on Gov. Mike Dunleavy (R) to maintain legal marijuana access during the coronavirus outbreak.

/ BUSINESS

MedMen Enterprises Inc. announced a new member of its board of directors and the resignation of another member.

Third Wave Farms is asking a federal court to void its contract with Oregon LLC Pure Valley Solutions because it says the coronavirus pandemic has made it impossible to uphold the terms of the deal.

/ CULTURE

A UFC victory by Journey Newson has been overturned due to a positive marijuana test.

Make sure to subscribe to get Marijuana Moment’s daily dispatch in your inbox.

Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.
Continue Reading
Advertisement

Marijuana News In Your Inbox

Support Marijuana Moment

Marijuana News In Your Inbox

Do NOT follow this link or you will be banned from the site!