Newsletter
NY 280E cannabis tax break to gov (Newsletter: November 15, 2023)
Congressional psychedelics hearing; OH gov on legalization changes; Feds warn workers on marijuana use; TX decrim to ballot; Cannabis as sleep aid
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/ TOP THINGS TO KNOW
The House Veterans’ Affairs Subcommittee on Health held the first-ever congressional hearing on psychedelics, with a focus on therapeutic use to combat the epidemic of military veteran suicides.
The U.S. Department of Agriculture’s Food Safety and Inspection Service issued a notice warning employees to avoid cannabis products—including federally legal CBD—amid an “uptick” in positive THC tests and “confusion” as more states legalize marijuana.
Ohio Gov. Mike DeWine (R) discussed changes he wants to make to the state’s voter-approved marijuana legalization law after meeting with the Senate president and House speaker. A Democratic lawmaker who has championed cannabis reform says it’s “a slap in the face to Ohio voters.”
New York lawmakers sent Gov. Kathy Hochul (D) legislation to allow marijuana companies to deduct business expenses from local New York City taxes—expanding a partial 280E workaround that has already been enacted for state taxes.
The Lubbock, Texas City Council unanimously rejected a citizen-initiated marijuana decriminalization proposal—meaning it will go before voters to decide on the May 2024 ballot.
A new Gallup poll found that a majority of U.S. adults think the war on drugs is not working.
- “Americans are more negative about U.S. progress in dealing with the problem of illegal drugs than at any prior point” since 1972.
A new study found that more than 80 percent marijuana consumers surveyed no longer use over the counter or prescription sleep aids and report “feeling more refreshed, focused, better able to function, fewer headaches, and less nausea.”
A Connecticut task force to study whether people who grow marijuana at home should be allowed to sell it at events was supposed to be appointed this summer—but it has yet to be formed as a January 1, 2024 deadline to submit a report to lawmakers approaches.
A Montana judge granted a preliminary injunction blocking regulators from assessing and collecting increased marijuana business licensing fees.
A new Oklahoma law took effect that extends the state’s moratorium on medical cannabis business licenses into 2026.
/ FEDERAL
The National Center for Complementary and Integrative Health is hosting a preapplication technical assistance webinar on a funding opportunity to create a Resource Center for Cannabis and Cannabinoid Research.
/ STATES
New York Gov. Kathy Hochul (D) briefly discussed enforcement against unlicensed marijuana businesses at a police conference. Separately, senators discussed their takeaways from a recent cannabis hearing.
Former Texas Gov. Rick Perry (R) and U.S. Rep. Morgan Luttrell (R-TX) coauthored an op-ed urging Kentucky officials to approve a proposal to fund ibogaine research.
An Oklahoma attorney general task force seized what it said is 72,000 pounds of illegal marijuana.
An Oregon representative authored an op-ed about his trip to Portugal to study the country’s drug decriminalization law.
Maryland regulators posted guidance on marijuana packaging and labeling requirements.
Mississippi regulators are facing a federal lawsuit challenging medical cannabis advertising restrictions.
Michigan regulators published a monthly report on disciplinary actions against marijuana businesses.
Vermont regulators sent an update about the closure of marijuana cultivation license application windows.
Hawaii regulators approved a new medical cannabis dispensary.
Georgia regulators will consider medical cannabis production licenses on Wednesday.
The Tennessee Medical Cannabis Commission will meet on Wednesday.
Alaska regulators will consider marijuana business license applications, enforcement and regulations on Wednesday and 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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/ LOCAL
Detroit, Michigan officials awarded new marijuana business licenses.
Washington County, Ohio’s prosecuting attorney is concerned the state’s new marijuana legalization law will increase impaired driving.
A judge is allowing Menominee, Michigan marijuana retailers to open after shutting them down earlier this month.
/ INTERNATIONAL
Japan’s House of Representatives approved a medical cannabis bill.
An Australian senator spoke about the benefits of legalizing marijuana.
/ SCIENCE & HEALTH
A review concluded that “high-THC cannabis may be able to elicit psychedelic effects, but that these effects may not have been observed in recent controlled research studies due to the doses, set, and settings commonly used.”
/ ADVOCACY, OPINION & ANALYSIS
The Cannabis Freedom Alliance hired its first lobbying firm.
The Colorado Spring Gazette editorial board cheered a local Catholic bishop’s condemnation of Colorado’s marijuana legalization law.
/ BUSINESS
The Cannabist Company Holdings Inc. reported quarterly revenue of $129.2 million and a net loss of $36.2 million.
Schwazze reported quarterly revenue of $46.7 million and a net loss of $322,462.
Safe Harbor Financial reported quarterly revenue of $4.3 million and a net loss of 748,067.
Benzinga deleted a story billed as an interview with Berner after he said it was fabricated and amid accusations that it appeared to have been written by AI.
FundCanna announced it will cover the National Cannabis Industry Association membership costs of its next 100 customers.
Michigan retailers sold $262.9 million worth of legal marijuana products in October.
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