Newsletter
NM cannabis rules filed, with applications coming this week (Newsletter: August 25, 2021)
ID legalization initiative gets boost; NC panel approves medical marijuana; CA’s cannabis revenue rises; Snoop Dogg says allow marijuana in sports
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/ TOP THINGS TO KNOW
The Idaho Supreme Court gave activists a huge boost toward putting a marijuana legalization measure on the state’s 2022 ballot with a ruling striking down new stringent signature gathering requirements.
New Mexico regulators filed rules for marijuana producers that take effect immediately. They will begin accepting license applications “later this week.”
The North Carolina Senate Judiciary Committee approved a medical cannabis bill. This is the second time the panel has advanced the marijuana legislation this session. It recently got referred back for new changes.
The California Legislative Analyst’s Office reported that the state generated $817 million in marijuana excise and cultivation tax revenue in the most recent fiscal year—an increase of 55 percent from last year. That doesn’t even take into account additional sales or local taxes.
Snoop Dogg said sports leagues should let athletes use marijuana as an alternative to opioids.
- “Through the cannabis, they’re able to find a relaxation and getting the medical treatment that they deserve—without having those later side effects.”
/ FEDERAL
Senate Majority Leader Chuck Schumer (D-NY) tweeted, “It’s time to end the federal prohibition of marijuana.”
Rep. Marjorie Taylor Greene (R-GA) tweeted critically about federal spending of “$50 Million for weeds. Surprisingly not marijuana.”
The House bill to automatically seal records for marijuana and other convictions got two new cosponsors for a total of five.
/ STATES
Texas Democratic attorney general candidate Lee Merritt tweeted, “It’s time to decriminalize marijuana and end the war on drugs.”
A New Mexico judge ordered regulators to stop enforcing medical cannabis purchase limits or present compelling evidence for why they should not do so.
Maine regulators are holding a series of stakeholder meetings about the hemp program.
Nevada regulators met to act on marijuana business issues.
Michigan regulators will host a marijuana business resource workshop on Thursday.
The Arkansas Legislative Council’s Medical Marijuana Subcommittee will meet on Thursday.
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/ LOCAL
Denver, Colorado is launching a psychedelic harm reduction program for first responders.
The Aurora, Colorado City Council gave initial approval to a measure to allow marijuana hospitality businesses.
Prohibitionists are seeking to overturn Graham County, Arizona marijuana zoning rules with proposed ballot measures.
/ INTERNATIONAL
The Colombian House of Representatives First Committee approved a marijuana legalization bill.
A new Thailand law decriminalizing kratom took effect.
France’s interior minister spoke out against legalizing marijuana.
/ SCIENCE & HEALTH
A study found that “CBD reduces PTSD symptoms via the [dorsal raphe nucleus] and corticoraphe circuit.”
A review of research on psilocybin found that “all the studies analyzed so far have been shown to be effective for the treatment of anxiety and depression in cancer patients.”
/ ADVOCACY, OPINION & ANALYSIS
The Drug Policy Alliance and Leadership Conference on Civil and Human Rights led more than 140 organizations in sending letters urging the Biden administration to let the Trump Administration’s temporary emergency scheduling of fentanyl-related substances expire.
The president of prohibitionist organization Smart Approaches to Marijuana authored a Wall Street Journal op-ed about his concerns with legalization.
/ BUSINESS
TILT Holdings Inc. reported quarterly revenue of $48.5 million and a net loss of $4 million.
HEXO Corp completed its transfer to the Nasdaq Capital Market from the New York Stock Exchange.
Cilo Cybin Pharmaceutical Ltd. is considering an initial public offering.
Schwazze is acquiring Brow 2, LLC.
Trym is adding crop steering analytics to its cannabis seed-to-sale software.
Awakn Life Sciences Corp. received approval to undertake a study on using ketamine to treat gambling addiction.
Mindset Pharma Inc. filed a provisional patent application for a set of novel DMT/5-MeO-DMT analogs.
/ CULTURE
Entheofest is a music and speakers event taking place in Ann Arbor, Michigan next month.
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