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Wisconsin could legalize cannabis after election, governor says (Newsletter: May 10, 2024)
Schumer on legalization; Booker tours marijuana biz; VT safe consumption & psychedelics; Poll: People have good experiences with cannabis
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/ TOP THINGS TO KNOW
Senate Majority Leader Chuck Schumer (D-NY) said that “great experiments” with marijuana legalization in states across the U.S. have given Americans “more freedoms” without having negative impacts.
- “Crime hasn’t gone up. Drug addiction hasn’t gone up.”
Wisconsin Gov. Tony Evers (D) said he is “hopeful” that the state can finally legalize marijuana if Democrats win control of the legislature in the November election under new competitive district maps.
Vermont Gov. Phil Scott (R) said he’s “sure I’ll end up vetoing” a bill lawmakers passed to legalize and fund a safe consumption site for illegal drugs.
- “We’ll see if there’s an override… We want to save lives. We just have a different outlook on how to do that.”
The Vermont House of Representatives amended and approved a Senate-passed bill to create a psychedelic-assisted therapy working group to make recommendations on whether and how the state should regulate legal access to substances like psilocybin and MDMA.
Sen. Cory Booker (D-NJ) toured a Natura marijuana manufacturing facility in California amid his push to build support for a newly introduced federal legalization bill.
A new poll shows that most Americans who have tried marijuana, psilocybin, LSD or MDMA say their experiences were “mostly positive.”
New York lawmakers are expressing concerns about the state’s marijuana business financing plan, with one senator saying the deal with a private equity firm places “an outsized, unsustainable debt burden on licensees with the potential to extract all of their profit and then some.”
The Virginia Department of Health launched a “special surveillance system” to monitor “adverse events” involving children and teens being exposed to cannabis products.
/ FEDERAL
The U.S. Supreme Court ruled that authorities do not have to provide speedy hearings when they seize property used in drug crimes.
The Food and Drug Administration posted a solicitation for sources of CBD and its metabolites for use in animal studies.
The Congressional Research Service noted that the Supreme Court is considering the case of a truck driver who was fired after a positive THC drug test he attributes to a CBD product.
Rep. James McGovern (D-MA) tweeted, “We’re calling on President Biden: it’s time to deschedule marijuana and resolve more than 50 years of failed, racially discriminatory drug policies.”
/ STATES
Connecticut lawmakers sent Gov. Ned Lamont (D) legislation to restrict intoxicating hemp-derived products.
Kansas’s Senate president said medical cannabis “warrants serious discussion” but argued that legalization bills introduced to date would leave the state open to “severe consequences.”
A South Carolina senator said he will personally lobby every House member to support his medical cannabis legalization bill if he needs to.
The Commonwealth Court of Pennsylvania heard oral arguments in a case challenging Berks County policies that prohibit people who use medical cannabis from participating in treatment court programs.
New Mexico regulators filed revised marijuana rules.
Alaska regulators are proposing changes to rules on marijuana plant tracking.
Washington State regulators are considering changes to rules to give cannabis businesses greater flexibility to purchase cannabis from other licensees using checks.
Colorado regulators are considering rules changes to increase medical cannabis patient application processing fees.
West Virginia regulators touted efforts to ensure hemp product safety.
New Jersey regulators approved additional recreational marijuana business licenses.
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Marijuana Moment is tracking more than 1,400 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
Activists intervened in a lawsuit against Austin, Texas’s voter-approved marijuana decriminalization law that was filed by the state attorney general.
/ INTERNATIONAL
Thai Prime Minister Srettha Thavisin issued an order to close cannabis shops by April 1, 2025.
The German Bundestag will begin considering changes to the marijuana legalization law next week.
/ SCIENCE & HEALTH
A study found that “contrary to public belief, cannabis users did not differ from non-users in terms of their physical activity levels, sleep quality or blood pressure.”
A study concluded that “topical cannabis is presented as a therapeutic alternative for inflammatory diseases.”
/ ADVOCACY, OPINION & ANALYSIS
The Cannabis Regulators Association published best practices on regulating cannabinoids for safety.
The Baltimore Sun editorial board expressed concerns about marijuana dispensary drive-through windows.
/ BUSINESS
Curaleaf Holdings, Inc. reported quarterly net revenue of $338.9 million and a net loss of $51 million.
Trulieve Cannabis Corp. reported quarterly revenue of $298 million and a net loss of $23 million.
SNDL Inc. reported quarterly net revenue of C$197.8 million and an operating loss of C$4.4 million.
The Cannabist Company Holdings Inc. reported quarterly revenue of $122.6 million and a net loss of $34.6 million.
TerrAscend Corp. reported quarterly net revenue of $80.6 million and a net loss from continuing operations of $14.9 million.
Cronos Group Inc. reported quarterly consolidated net revenue of $25.3 million and a net loss of $2.5 million.
Innovative Industrial Properties, Inc. reported quarterly revenue of $75.5 million.
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