Senators Want SBA Loans for Marijuana Business; CA Drug War Reparations; Bankers Want SAFE; NH Legalization Vote; NORML Psychosis Op-Ed
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Top Things to Know
Sen. Jacky Rosen, D-NV, led a group eight senators to urge Appropriations Committee Leaders to take steps so that cannabis businesses could access federal Small Business Administration Loans and other services.
Washington State Gov. Jay Inslee, a Democrat, signed a law to protect job seekers from discrimination against marijuana during the hiring process.
New Jersey Gov. Phil Murphy (D), the New Jersey governor, signed a bill that decouples state tax policy and federal 280E provisions. This allows marijuana companies to claim business expenses on their state tax returns.
California Task Force to Study & Develop Reparation proposals for African Americans proposes to compensate approximately two million Blacks with a total amount of almost $228 billion to compensate for the racially disparate harms caused by the drug war.
The New Hampshire Senate Judiciary Committee has voted to recommend the body kill marijuana legalization measures passed by the House, as well as medical cannabis home cultivation legislation. However, they will still be considered on Thursday.
The American Bankers Association has called on Congress to “swiftly pass” marijuana banking legislation, which is set to be heard by the Senate this week.
NORML Deputy director Paul Armentano argues, in a recent Marijuana Moment op ed, that a media narrative alarmist about cannabis and psychosis ignores actual science.
Federal
The National Institute on Drug Abuse funds research on safe consumption areas for illegal drugs in New York City, Rhode Island and Connecticut.
The Drug Enforcement Administration and Substance Abuse and Mental Health Services Administration released a temporary regulation to extend telemedicine flexibility.
Customs and Border Protection spoke to a Senate Appropriations Committee about the “ability of drug trafficking groups to respond rapidly to changes in drug environments such as the legalization marijuana.”
Sens. Jeff Merkley, (D-OR), and Steve Daines, (R-MT), spoke about their marijuana banking bill.
Rep. Rep.
Rep. Rep.
STATES
Illinois Gov. J.B. Pritzker (D)’s office stated that he supports a plan to consolidate the marijuana regulation under a single agency.
California regulators have modified the standard operating procedures and cannabinoids testing method regulations.
New Mexico court officials spoke out about efforts to expunge marijuana record.
A New York regulator discusses steps to combat illegal marijuana sales.
Vermont regulators are hosting a networking session on cannabis packaging that is compliant on Thursday.
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/ LOCAL
Denver officials have posted information on the application process for marijuana businesses.
International
Officials from the Ugandan judiciary are pushing back on claims that a recent ruling invalidating a drugs law led to marijuana being legalized.
/ SCIENCE AND HEALTH
The review highlights “CBD’s biologically promising features for dental application.”
The case study on the use of oxygen-ozone, melatonin, and medical cannabis to treat glioblastoma multifocale revealed “a complete and lasting remission of disease and long life.”
BUSINESS
Ascend Wellness Holdings, Inc. posted quarterly net revenue at $114.2 and a loss of $18.5.
WM Technology, Inc. has reported a quarterly revenue of 48 million dollars and a loss of 4 million dollars.
MariMed Inc. reported a quarterly revenue of $34.4 and a loss of $664.
Cronos Group Inc. posted quarterly net revenue at $20.1 million, and a loss of $19.3million.
Innovative Industrial Properties, Inc. has reported a quarterly revenue of $76.1 Million.
Emerge Law Group has been ordered to pay $7 Million in a case of legal malpractice brought by Tidewater Investments, LLC for failing to identify zoning regulations.
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The article NJ Gov signs 280E Cannabis Tax Bill (Newsletter for May 10, 2023) first appeared on Marijuana Moment.
