OH GOP’s ballot opposition
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Top Things to Know
The marijuana banking act that will be voted on next week is now known as the Secure and Fair Enforcement Regulation Banking Act. It also has revised provisions including a controversial part which had previously stalled committee action. Senate Majority leader Chuck Schumer (D) said that the revised bill would “allow legal cannabis businesses…access” to financial services while letting federal regulatory agencies “stop bad actors.” He will bring the bill to the floor with “all due speed.”
- Members of the Senate Banking Committee Sens. Kevin Cramer, Jack Reed and Jack Reed (R-ND), in recent interviews, indicated that the disagreements regarding Section 10 of marijuana banking legislation have been resolved before next week’s voting.
House Oversight and Accountability Committee Chair James Comer (R, KY) intends to file an amended that will eliminate key provisions in a bill being voted on by his committee this Wednesday. The original version of the bill would protect people against being denied federal employment and security clearances because they use marijuana. It also provides relief to people who have lost opportunities.
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A staffer of Rep. Nancy Mace, R-SC, told Marijuana Moment she planned to support Comer’s amendment allowing federal agencies to continue to refuse to hire or issue security clearances for current cannabis users.
New Hampshire’s commission for drafting legislation on legalizing marijuana sales in state-run stores received testimony from state officials regarding a new franchise model for cannabis dispensaries. It is not known if Gov. Chris Sununu, a Republican, is not certain if he would support this plan.
California Gov. Gavin Newsom, a Democrat, is expected to make a decision on 17 marijuana- and drug-policy reform bills before October 14. These include measures that allow cannabis cafes and legalize psychedelics. They also prohibit employers from asking about marijuana use when hiring job applicants.
Ohio Gov. Mike DeWine, the Senate President and other Republicans are against the marijuana legalization measure on the November ballot. However, bipartisan lawmakers do not believe that the state legislature will repeal it if the voters approve the measure on Election Day.
Two ballot initiatives have been filed by a new campaign in Oregon that would reverse some of the decriminalization of drugs approved by voters, reinstituting criminal sanctions for certain substances and other changes.
The United Food and Commercial Workers International Union and an alliance of cannabis trade associations and drugs policy reform groups have sent a joint letter to Congress calling for the passage of a marijuana banking law to combat the “humanitarian cost” of robberies that target cash-intensive businesses.
Missouri colleges and Universities are offering cannabis courses that prepare students to work in the legal marijuana sector.
Federal
Two new co-sponsors have been added to the House marijuana banking legislation, bringing it up to 72.
/ STATES
The Joint Judiciary Committee of the Wyoming legislature held an hearing to discuss a draft bill that would restrict delta-8 THC-containing products.
Former U.S. Virgin Islands Senator wrote an op-ed urging officials to quickly implement medical and recreational cannabis legalization.
A former Department of Corrections worker who claims he was wrongfully fired because he used medical marijuana is asking the Florida Supreme Court to hear his case.
Connecticut regulators defend the hiring of an ex-CEO of a cannabis business to oversee investigations and enforcement of marijuana sale rules.
Pennsylvania regulators have updated the list of pesticides which can be used to treat medical cannabis.
Missouri regulators have published guidelines on the approval process for marijuana items.
Minnesota regulators have published guidelines about testing hemp-derived cannabinoid products.
New York’s marijuana regulators have removed the public comments from a recent video.
Colorado regulators accept public feedback on the online medical marijuana registry system.
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/ LOCAL
Philadelphia City Council, Pennsylvania, voted to ban the opening of safe consumption sites for illegal drug in most areas of the city.
A former Compton City Council member has been arrested in connection with a federal indictment that alleges he and his consulting client paid $70,000 to a Baldwin Park City Council member in exchange for their support of marijuana permits.
International
The UK’s Advisory Council for the Misuse of Drugs made a recommendation to decriminalize drugs in a document that the Home Office ignored, and fought hard to keep secret.
The European Monitoring Centre for Drugs and Drug Addiction hosted a webinar about cannabis regulation in Europe.
British Columbia’s Health Officer defended his province’s drug-decriminalization policies from criticism.
Australian regulators have fined a company A$140 000 for alleged illegal advertising of medicinal marijuana.
/ SCIENCE AND HEALTH
CBD inhibits prostate cancer cell proliferation and invasion, according to a study.
According to a review of Alzheimer’s disease research, “LSD and Psilocybin in particular were found to have both neuroprotective and neurogenesis-promoting properties.”
/ ADVOCACY / OPINION AND ANALYSIS
The Colorado Springs Gazette editorial staff is concerned about driving under the influence of marijuana.
/ BUSINESS
The Cannabist Company Holdings Inc. has changed its name from Columbia Care Inc.
Aurora Cannabis Inc. has received approval for the transfer of its shares to the Nasdaq Capital Market from the Nasdaq Global Select Market.
Subversive Capital Advisor has launched a new Subversive Cannabis Exchange Traded Fund (ETF).
Steve Cohen’s Point72 Asset Management bought nearly 19 million shares of Cybin Inc.
Clearmind Medicine Inc. has closed a public offering of $2.25 Million.
COMPASS Pathways plc now has a member on its board.
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The article Cannabis Banking Bill Amendments & New Name (Newsletter : September 20, 2023 first appeared on Marijuana Moment.
