Salem psilocybin study; AMA study of cannabis benefits; MN legal marijuana agreement finalized HTML_
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Top Things to Know
The Minnesota House and Senate conference committee reached a compromise to reconcile differences in the marijuana legalization bills of the two chambers, including the tax rate. This week, the final floor votes are expected to be taken to send the bill to the governor.
Florida Attorney General Ashley Moody’s (R) request to the Florida Supreme Court is to remove a marijuana legalization measure from the ballot in 2024, arguing it violates the Constitutional single-subject rule.
The North Carolina House Health Committee has approved a bill that will create a grant program of $5 million to support research on the therapeutic benefits of psychedelics such as psilocybin or MDMA. A Breakthrough Therapies Research Advisory Board will oversee this program.
Sen. Jacky Rosen, D-NV, is pushing for an expansion of a bipartisan marijuana bank bill by adding provisions that will allow the cannabis industry to access Small Business Administration programs and loans.
Salem’s City Council in Massachusetts unanimously approved a resolution to decriminalize the use of psilocybin.
The American Medical Association published a study that found medical marijuana to be associated with “significant improvement” in the quality of life among people suffering from chronic pain or insomnia, and that these effects were “largely sustained”.
In a special one-day session, Washington State legislators passed a law to prevent the state’s criminalization of drug possession laws from expiring on July 1. Governor. Jay Inslee, a Democrat, immediately signed the bill.
The Oregon Senate has requested that the U.S. Attorney of the state launch an investigation into the federal corruption allegations surrounding cash donations made by cannabis executives to the Governor, Secretary of State, Senate President and other elected officials.
Federal
Rahul Gupta, Director of the White House Office of National Drug Control Policy, is hosting a summit for naloxone manufacturers to discuss the price of this opioid overdose-reversal medication.
In a course catalogue, the Department of Veterans Affairs has included two webinars on cannabis-related issues.
Sen. Kevin Cramer, R-ND, said that Senate Republicans are “generally uncomfortable” with cannabis.
Sen. Mike Lee (R – UT) and Rep. Nancy Mace, R-SC, attended a film screening about Weldon Angelos, a former marijuana prisoner.
Six new co-sponsors have been added to the House marijuana banking legislation, bringing it up to 28.
Three new co-sponsors have been added to the House bill that allows Department of Veterans Affairs physicians to recommend medical marijuana. This brings the total up 21.
One new co-sponsor has been added to the House bill protecting marijuana users’ gun rights.
/ STATES
New Hampshire Gov. Chris Sununu, (R), discussed his support of legalizing marijuana by establishing a state-run system.
Oregon Gov. Tina Kotek, a Democrat, knew more than a month before the job was made public that the secretary of state had consulted with a marijuana company. Separately the governor instructed regulators to require state tax compliance in order to grant or renew cannabis retail licensing.
California Senator says he believes his bill to legalize the possession of psychedelics will pass this session.
Illinois regulators have conducted a survey to determine the diversity of the cannabis industry.
Utah regulators have posted an update regarding the medical marijuana program.
The Tennessee Medical Cannabis Commission meets on Friday.
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/ LOCAL
Baltimore’s City Council has approved a proposal to create a Community Reinvestment and Reparations Commission for the distribution of legal marijuana revenues.
Springfield’s City Council may place a question on the ballot for August 8, asking voters to consider a local cannabis tax.
International
On Thursday, the UK House of Commons will debate access to therapeutic Psilocybin.
SCIENCE AND HEALTH
CBD was found to reduce both the severity of nicotine withdrawal symptoms and anxiety when e-cigarettes were abstained from.
According to a study on mice, “acute cannabis smoking differentially affects lung immune function based on THC:CBD.”
/ ADVOCACY / OPINION AND ANALYSIS
The chair of Florida Democratic Party (a former state agriculture secretary) reacted on Twitter to the state attorney-general trying to keep an initiative for marijuana legalization off the ballot in 2024, saying that she was “on the wrong side” of history and this issue, not standing by the people. Another attack on democracy.”
Financial Stability for California Cannabis (FSCC) is a coalition of marijuana companies which “seeks awareness and offers solutions to severe credit problems that threaten industry stability.”
BUSINESS
AYR Wellness Inc. has reported a quarterly net revenue of 116.7 million dollars and a loss of 197.7 millions dollars.
TILT Holdings Inc. has reported a quarterly net revenue of 42.3 million dollars and a loss of $4.9million.
SHF Holdings, Inc., Safe Harbor Financial, reported quarterly revenues of $4.2 millions and a loss of $1.4million.
HEXO Corp. has filed a circular calling for a special shareholder meeting to discuss the proposed acquisition of Tilray Brands, Inc.
Metrc has received an intent notice from Illinois regulators to award a deal for its cannabis tracking system.
CULTURE
Showtime is working on a reboot of “Weeds.”
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Photo by Chris Wallis // Side Pocket Images.
The article FL AG wants cannabis to be kept off the ballot in 2024 (Newsletter May 17, 2023) first appeared on Marijuana Moment.
