Connect with us

Newsletter

Federal cannabis banking data shows decline in accounts (Newsletter: February 28, 2020)

Published

on

USDA suspends hemp rule enforcement; FDA: ‘fool’s game’ to ban CBD; VT House OKs legal marijuana sales; Minority cannabis org defends Sanders

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.

  • Mindy Coats of Kanna CBD: “I have been following along for over one year now, and I read this first thing every morning. I appreciate you and your team for all you do to keep us up to date on the latest information.”

https://www.patreon.com/marijuanamoment

/ TOP THINGS TO KNOW

New Financial Crimes Enforcement Network data shows that the number of cannabis-related accounts that banks are reporting to federal officials decreased at the end of 2019. But the decline seems related to removal of requirements to report legal hemp business clients, and doesn’t necessarily mean that fewer marijuana firms are accessing financial services.

The U.S. Department of Agriculture announced it will temporarily suspend enforcement of two restrictive hemp rules concerning THC testing and disposal of too-potent crops in response to concerns raised by farmers.

Food and Drug Administration Commissioner Stephen Hahn admitted that it would be “a fool’s game” to try to keep popular CBD products off the market.

The Vermont House of Representatives formally passed a bill to legalize marijuana sales, one day after it received initial approval. Prior to final passage lawmakers added a ban advertising by cannabis businesses, but rejected expanded disclosure requirements for investors as well as a proposal to give police discretion to test the saliva of drivers suspected to be under the influence. Gov. Phil Scott (R) says he would need strong impaired driving provisions in order to sign it.

Sen. Bernie Sanders (I-VT), a presidential candidate, took heat for comments at this week’s Democratic debate about people of color working in the legal marijuana industry—with some saying he implied all they’re good at is selling drugs. But now the Minority Cannabis Business Association is backing him up and cheering on the remarks.

/ FEDERAL

Federal agents are investigating whether a Drug Enforcement Administration agent murdered in Mexico in 1985 may have been betrayed by a Central Intelligence Agency operative and a DEA official.

Sen. Elizabeth Warren (D-MA), a presidential candidate, tweeted, “Legalizing marijuana needs to be about more than just allowing its use. We have to undo a century of racist policy, help rebuild the communities that have suffered the most harm, and ensure everyone can enjoy the opportunities this new market can provide.”

Sen. Tom Cotton (R-AR) tweeted, “In Philadelphia, a nonprofit has decided to ignore drug laws and open a so-called ‘safe injection site’ that would normalize illegal drug use and spread addiction. There’s nothing safe about injecting heroin and Philadelphia is doing no favors to addicts by enabling this drug use. Instead of legalizing heroin & fentanyl, we should lock up traffickers and start protecting law-abiding citizens.”

Sen. Rand Paul (R-KY) discussed hemp during a meeting with Kentucky’s agriculture commissioner.

Maryland Democratic congressional candidate Mia Mason tweeted, “Wanna know how to pay for Kirwan, Infrastructure, and more? Allow for more legalization in Maryland for businesses and farmers. Alcohol bans were reaped and taxed, Cars and fuels became taxed in crisis, and Tobacco became taxed as well to help pay for healthcare.”

/ STATES

Utah lawmakers sent Gov. Gary Herbert (R) a bill to revise medical cannabis regulations.

The Idaho Senate approved a hemp bill.

The Arizona Senate unanimously approved legislation to allow surprise inspections of medical cannabis businesses.

The Missouri House of Representatives amended a bill focused on protecting medical cannabis patients’ privacy to add restrictions on the process of obtaining a recommendation.

A Wisconsin judge declined to dismiss charges against two men who say they accept “donations” in exchange for marijuana at their Rastafarian church.

Maryland regulators are being sued over their medical cannabis business licensing process.

Alabama’s Senate could vote on a medical cannabis bill on Thursday.

A Louisiana representative filed a bill to allow flower in the state’s medical cannabis program.

An analysis concluded that two-thirds of Massachusetts municipalities that have signed host community agreements with marijuana businesses require payments that exceed state limits.

Guam regulators will hold a series of public hearings on marijuana rules.

Washington State regulators will hold a public forum about draft conceptual rules on voluntary cannabis licensee consultation and education program on March 11.


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

A Philadelphia, Pennsylvania safe consumption site for illegal drugs had plans to open next week following a federal court ruling, but is now delaying due to a change of heart by a landlord who no longer wishes to rent space to the facility.

San Francisco, California’s mayor announced she will file legislation to allow safe consumption sites for illegal drugs.

An Aurora, Colorado City Council member is proposing to increase marijuana taxes to help fund domestic violence, mental health and gang prevention efforts.

/ INTERNATIONAL

The head of the United Nations International Narcotics Control Board suggested that it may be time to revise global drug treaties as his body released a report criticizing the spread of marijuana legalization.

Malawi’s Parliament passed a bill to legalize medical cannabis.

Mexican regulators granted the country’s first permits to import marijuana seeds.

Bermuda’s attorney general spoke about government plans to pass marijuana legalization legislation.

/ SCIENCE & HEALTH

A study concluded that “cannabinoids exhibit antibacterial activity against methicillin-resistant Staphylococcus aureus (MRSA), inhibit its ability to form biofilms, and eradicate preformed biofilms and stationary phase cells persistent to antibiotics.”

A study found “little evidence to suggest that teen marijuana use is sensitive to changes in the state cigarette tax” and that there is “preliminary evidence that the recent adoption of state e-cigarette taxes is associated with a reduction in youth marijuana use.”

The first two participants in a Phase 3 clinical study on MDMA-assisted psychotherapy for posttraumatic stress disorder completed treatment.

/ ADVOCACY, OPINION & ANALYSIS

Vicente Sederberg LLP, Agricultural Hemp Solutions, American Herbal Products Association, U.S. Hemp Roundtable and Vote Hemp released a model hemp plan for states.

/ BUSINESS

Tilray Inc. is being sued by 420 Investments Ltd. for alleged breach of contract following a “change of heart” in a deal for the former company to acquire the latter one.

Acreage Holdings reportedly eliminated 40 staff positions.

WAMM Phytotherapies will begin distributing free and low-cost medical cannabis to low-income patients on March 1 under a new California law.

Sephora released a list of standards it will use for CBD products it carries.

Cresco Labs converted its New York dispensaries to the Sunnyside* brand and launched a medical cannabis delivery service in one area.

iAnthus Capital Holdings, Inc.  filed a statement of claim to defend against alleged efforts to interfere in its business by Oasis Investments II Master Fund Ltd.

/ CULTURE

Here’s a look at efforts to change National Basketball Association marijuana policies.

Actress Gwyneth Paltrow discussed psychedelics in an interview with Jimmy Kimmel.

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

NY legal cannabis push ‘effectively over’ for 2020, gov says (Newsletter: April 6, 2020)

Published

on

AZ legal marijuana effort sues for e-sigs; Rep wants DC cannabis fix in COVID bill; ND campaign looks to 2022; VA gov pressed on decrim amendments

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…

Subscribers who value this daily dispatch enough to show their support with a few dollars help us keep doing this. Please chip in and help ensure Marijuana Moment’s continued operations.

  • George Jage of MJ Unpacked: “MJ Unpacked as the new media ‘kid on the block’ is honored to support Marijuana Moment. They have provided an incredible service and value to our industry since their inception. And at a time of crisis, the need for quality journalism, informative media outlets, and opportunities for us to stay connected to our communities is essential.”

https://www.patreon.com/marijuanamoment

/ TOP THINGS TO KNOW

New York Gov. Andrew Cuomo (D) said the legislative session and the push to legalize marijuana are “effectively over” for 2020.

  • “It’s up to the legislature, but I think it’s fair to say it’s effectively over.”

Arizona’s marijuana legalization campaign, along with organizers working to place other initiatives on the November ballot, are asking the state Supreme Court to allow electronic signature collection in light of the coronavirus pandemic.

North Dakota’s marijuana legalization campaign is the latest drug policy reform effort to suspend signature gathering amid the coronavirus outbreak.

Rep.  Eleanor Holmes Norton (D-DC) is calling on her colleagues in Congress to finally lift the ban on legal marijuana sales in the nation’s capital—and she wants to do it through the next round of coronavirus relief legislation.

Virginia Gov. Ralph Northam (D) is being pushed by advocacy groups to recommend that lawmakers make amendments to a marijuana decriminalization bill that’s currently on his desk. NORML wants an emergency clause enacting the legislation immediately, while ACLU—which opposed the incremental reform as worse than the status quo—wants broader changes.

/ FEDERAL

A federal judge ruled that a medical cannabis investor could not recoup $4.7 million in loans, saying it would undermine federal prohibition enforcement.

Surgeon General Jerome Adams held up a “Got Naloxone?” shirt in a PSA on how to make a face mask out of cloth at home.

National Institute on Drug Abuse Director Nora Volkow authored an article on potential risks to people who smoke and consume drugs during the coronavirus pandemic.

/ STATES

Ohio Gov. Mike DeWine (R) said he will consider allowing medical cannabis delivery services during the coronavirus outbreak. Meanwhile, regulators said patients can pick up their medicine at dispensaries’ curbsides.

Massachusetts regulators reported a large spike in medical cannabis patient registrations as recreational marijuana stores have been shuttered amid the coronavirus pandemic.

New Jersey regulators are declining to clarify whether a recent move to generally allow telemedicine during the coronavirus outbreak means that doctors can make medical cannabis recommendations without meeting patients in person.

Pennsylvania regulators issued a notice that temporary medical cannabis rules won’t expire until November 20, 2021 or upon publication of final regulations.

Illinois regulators published updated data about the state’s medical cannabis program.

Alaska regulators are accepting hemp registration applications electronically only due to the coronavirus outbreak.

The Oregon medical marijuana program Rules Advisory Committee canceled its April 13 meeting.


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

San Francisco, California officials released a coronavirus FAQ that covers what cannabis businesses can and can’t do.

/ INTERNATIONAL

Ontario, Canada is closing its marijuana stores as they are no longer deemed essential during the coronavirus outbreak, though delivery will still be available.

/ SCIENCE & HEALTH

A study found that Connecticut hemp farmers in the 2020 growing season could earn “$5,086 in profits per acre, or $11,656 per acre net return over variable costs.”

Ohio State University’s Drug Enforcement and Policy Center is asking people to fill out a survey on “the issues cannabis businesses and consumers are experiencing” during the coronavirus pandemic.

/ ADVOCACY, OPINION & ANALYSIS

National Cannabis Industry Association Executive Director Aaron Smith published an op-ed arguing that if marijuana businesses are being deemed “essential” by so many state governments, they should be eligible for federal coronavirus relief funds.

The New Mexico Cannabis Chamber of Commerce is urging businesses to postpone 4/20 promotions in light of the coronavirus pandemic.

/ BUSINESS

Acreage Holdings, Inc. temporarily furloughed 122 employees, announced the resignation of an executive, terminated a proposed Rhode Island dispensary acquisition and canceled a merger with Deep Roots Medical, LLC, among other moves.

Canopy Growth Corp. temporarily laid off 200 retail staffers.

Storz & Bickel received approval from Canadian regulators for its Volcano Medic 2 medical cannabis vaporizer device.

Planet 13 is distributing 100 free meals each weekday to seniors and people with disabilities at high risk of being exposed to coronavirus if they leave home.

/ CULTURE

Rapper Playboi Carti was arrested on drug and gun charges.

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

Newsletter

IRS resists call for cannabis biz tax guidance (Newsletter: April 3, 2020)

Published

on

ID medical marijuana effort suspended; Senators push for cannabiz loan access; Congresswoman: Shutting rec stores hurts veterans; IL sales grow

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

The Internal Revenue Service is pushing back against an internal Treasury Department inspector general’s report that recommends the agency do a better job advising marijuana businesses about their obligations under the 280E tax provision that blocks deductions that are available to other industries.

An Idaho effort to put a medical marijuana initiative on the ballot is the latest in a series of drug policy reform campaigns across the country to suspend in-person signature gathering amid the coronavirus outbreak.

A group of 11 senators, led by Sen. Jacky Rosen (D-NV), is pushing Appropriations Committee leaders to adopt report language allowing marijuana companies to access Small Business Administration loans and disaster assistance programs.

Rep. Katherine Clark (D-MA) is calling attention to how Massachusetts’s move to shutter recreational marijuana stores during the coronavirus outbreak hurts military veterans—who are barred from getting medical cannabis recommendations from their Department of Veterans Affairs doctors.

Illinois stores sold nearly $36 million worth of recreational marijuana products in March despite the coronavirus pandemic.

/ FEDERAL

Food and Drug Administration Commissioner Stephen Hahn tweeted, “We continue to pursue those that place public health at risk. With @FTC, we issued a warning letter to Neuro XPF, which sells cannabidiol (CBD) products with the misleading claim these products can mitigate, prevent, treat, diagnose, or cure #COVID19.”

The Drug Enforcement Administration’s New Jersey office tweeted, “This week is National Drug and Alcohol Facts Week #NDAFW. Fact: Traces of marijuana stay in your body for several days after use and can cause someone to fail a drug test weeks later. #Shatterthe Myths”

Rep. Matt Gaetz (R-FL) tweeted, “The Federal Government’s current position on Cannabis is wrong.”

/ STATES

The New York attorney general’s office sent a cease and desist letter ordering Finest Herbalist to stop claiming that its CBD products can protect people against coronavirus.

Maine regulators issued guidance on social distancing requirements for marijuana businesses and said they may accept expired driver’s licenses or identification cards amid the coronavirus outbreak.


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

Santa Clara County, California regulators said that only medical cannabis businesses can conduct in-store sales amid the coronavirus outbreak, while recreational marijuana sales must be done via delivery.

/ INTERNATIONAL

Canadian regulators recommended that medical cannabis businesses be considered essential during the coronavirus outbreak. Meanwhile, Ontario’s premier said officials are considering closing marijuana stores.

German regulators extended the deadline to apply to distribute medical cannabis.

A UK lawmaker is pressing the government to divert research money to fund medical cannabis prescriptions during the coronavirus pandemic.

/ SCIENCE & HEALTH

A review concluded that “music was widely considered integral for meaningful emotional and imagery experiences and self-exploration during psychedelic therapy.”

A study found “protective association between exclusive [supervised injection facility] use and exposure to violence among men.”

/ ADVOCACY, OPINION & ANALYSIS

The Drug Policy Alliance said President Trump’s announcement of a ramped-up militarized drug war is “an effort to distract Americans from his delayed response to the COVID-19 crisis—which at this point we know will likely cost hundreds of thousands of lives.”

Fox News commentator Geraldo Rivera tweeted, “In my 50 years as a newsman I have covered dozens of announcements like yesterday’s by @realDonaldTrump declaring another front in #DrugWar.I go back even before #Nixon declared #Elvis a special drug agent. My conclusion: drug wars easy to declare & always 100% end up Un-won.”

/ BUSINESS

Leafly launched a service to help marijuana businesses streamline their delivery services.

Cannabis social network LeafedIn has changed its name to LeafedOut following a trademark dispute settlement with LinkedIn.

/ CULTURE

Former NFL player Kyle Turley, whose CBD company received a federal letter warning it to stop claiming its products can prevent and treat coronavirus, tweeted, “OK OK, YOURE ALL RIGHT, ILL ADMIT IT! CHEAP CBD BRAND PRODUCTS WILL NOT PREVENT OR CURE COVID19!”

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

Newsletter

Feds warn company over CBD coronavirus cure claims (Newsletter: April 2, 2020)

Published

on

AOC: marijuana biz should stay open like liquor stores; Feds fund COVID & cannabis research; WA gov signs equity bill; USDA approves hemp plans

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

The Food and Drug Administration and Federal Trade Commission sent a letter warning former NFL player Kyle Turley’s company to stop claiming that CBD can cure coronavirus. This comes one day after Turley told Marijuana Moment in an interview that he’d actually welcome federal action as a publicity boost.

Rep. Alexandria Ocasio-Cortez (D-NY) said marijuana dispensaries should be allowed to remain open as essential businesses during the coronavirus outbreak if liquor stores can continue operations.

  • “You’ve got to make a decision one way or another.”

Washington State Gov. Jay Inslee (D) signed a bill aimed at increasing participation in the state’s legal marijuana industry by people from communities historically targeted by the war on drugs.

The National Institute on Drug Abuse announced it is funding research on how consumers of marijuana and other drugs might be uniquely impacted by coronavirus.

  • “Because it attacks the lungs, COVID-19 could be an especially serious threat to those with histories of smoking tobacco or marijuana or of vaping.”

The U.S. Department of Agriculture approved hemp plans for South Carolina, West Virginia and three Indian tribes.

/ FEDERAL

President Trump began his daily coronavirus briefing by speaking about U.S. efforts to ramp up a militarized drug war, including by sending Navy ships to waters near Venezuela.

Sen. Marco Rubio (R-FL) tweeted, “If you have just be indicted for narcotics trafficking & have a $15 million reward for your capture, having @Southcom conducting counter narcotics operations off your coast with a surge of destroyers, AWACS, an Army brigade & special operators is not very comforting.”

A federal judge ruled that the Food and Drug Administration’s ongoing effort to regulate CBD doesn’t shield companies from lawsuits over the labelling of their products.

The Drug Enforcement Administration tweeted, “Do you and your family know how to avoid drug-laced foods?”

Libertarian presidential candidate Lincoln Chafee, a former Rhode Island governor and U.S. senator, posted to Facebook, “The marijuana industry is becoming a vital part of many state’s economies and as common sense spreads, it will soon be legal nationwide. I have no idea why some states have chosen to call liquor stores essential businesses, but not marijuana and CBD dispensaries. Not only does marijuana have more medical benefits than alcohol, it’s also safer. This is not to say marijuana or liquor stores are essential businesses, but the same policy should apply to both. The marijuana industry should not struggle as big alcohol thrives.”

/ STATES

Illinois Gov. J.B. Pritzker (D) issued an executive order extending deadlines for marijuana craft grower, infuser and transporter licenses to April 30 amid the coronavirus outbreak.

Wisconsin regulators said that CBD stores are not essential under a coronavirus shutdown but that some operations like delivery services are still allowed.

Massachusetts regulators are investigating allegations that New England Treatment Access is failing to adequately protect its workers from coronavirus.

Oklahoma regulators sent a warning about illegal medical cannabis delivery offers.

Alabama regulators posted updates about the state’s hemp program.

Arizona regulators are being pressured to allow medical cannabis deliveries and to let doctors issue recommendations via telemedicine amid the coronavirus pandemic.

Here’s a look at how various states handle expungements of past marijuana records.


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.

/ INTERNATIONAL

The Philippine bloody “drug war” is continuing even amid the coronavirus pandemic.

/ SCIENCE & HEALTH

A study found that “cannabinoids alleviate cocaine-induced seizures by glycine receptors.”

The New York Times Magazine looks at efforts by researchers to correlate terpene and cannabinoid concentrations with effects on cannabis consumers.

/ ADVOCACY, OPINION & ANALYSIS

NORML issued a memo with suggested moves to protect public health during the coronavirus pandemic.

The American Cancer Society Cancer Action Network is opposing an Anchorage, Alaska ballot measure to allow on-site consumption at marijuana dispensaries.

/ BUSINESS

The New York Stock Exchange is moving to delist CannTrust Holdings Inc.

LivWell Enlightened Health executives are deferring compensation for 90 days to avoid layoffs.

Good Chemistry I LLC is being sued for allegedly sending unsolicited promotional text messages.

Canopy Growth Corporation named new members of its board of directors.

/ CULTURE

Joe Rogan suggested that former Vice President Joe Biden’s (D) only excuse for a series of incoherent press appearances would be if he were on marijuana edibles.

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!