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GOP Senator: Dems will not take up cannabis banking (Newsletter for June 21, 2023)

June 21, 2023 by Tom Angell


Congressional panel pushes CBD enforcement; WI gov signs bill blocking marijuana referendums; Federal drug decrim bill; CA cannabis licensing grants

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Top Things to Know

The House Appropriations Committee has approved a report that calls on the Food and Drug Administration (FDA) to “continue and intensify” enforcement actions against CBD companies who make “misleading and unsubstantiated claims”.


  • In a second report, the panel notes that the Department of Veterans Affairs is working to clarify the confusion surrounding home loan eligibility of veterans who are employed in the cannabis sector.

Sen. Tommy Tuberville, R-AL, said that he supported a marijuana banking law but that Democrats were blocking its advancement to the floor. He claimed that “there’s no way we can get this down there” as well as that Majority leader Chuck Schumer (D-NY), is “not cooperative with Republicans.”

Wisconsin Gov. Tony Evers, a Democrat, signed a bill that contained a GOP provision blocking local ballot questions. This process has been used in the past to show widespread support for marijuana legalization.

Reps. Bonnie Watson Coleman, (D-NJ), and Cori Bush, (D-MO), announced they would soon be re-filing a federal decriminalization bill for all drugs.

California Department of Cannabis Control awards $4.1 million to 18 counties and cities in the state for the establishment of local marijuana business licensing program to meet unmet consumer demand, and to curb the illicit market.

New Jersey lawmakers have filed legislation that will establish a Division on Marijuana and Cannabis Enforcement. This division would be responsible for compiling statistics and raising awareness of driving under the influences and other crimes.

Federal

Sen. John Fetterman, D-PA, wrote to supporters about the therapeutic benefits of psilocybin.

/ STATES

Louisiana Gov. John Bel Edwards, (D), signed a bill relating to the transferability of medical cannabis licenses and satellite pharmacy locations.

The Wisconsin Supreme Court has ruled that police can search vehicles if they detect the smell of marijuana.

Rhode Island’s top marijuana regulatory official spoke of plans to grant additional licenses for recreational businesses.

Minnesota’s top medical marijuana regulator spoke about the challenges in ensuring veterans have access to cannabis.

Alaska regulators propose changes to the rules governing marijuana advertising and signs.

Utah regulators have proposed changes to the hemp rules.

The Therapeutic Cannabis Medical Oversight Board of New Hampshire will meet on Tuesday.

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Marijuana Moment tracks more than 1,000 cannabis and psychedelics bills, as well as drug policy legislation in state legislatures. Patreon supporters who pledge at least $25/month gain access to our interactive charts, maps and hearing calendar.

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/ LOCAL

Portland’s mayor, Portland Oregon, is considering a proposal to criminalize public drug use.

International

Australian lawmakers have introduced marijuana legalization legislation in the state legislatures of Victoria and New South Wales, as well as Western Australia.

The Albanian Council of Ministers has approved a draft bill on medical cannabis.

According to a Maltese official, the marijuana laws in Malta do not encourage usage.

SCIENCE AND HEALTH

According to a study, “chronic cannabis consumption may be associated with an enhanced oculomotor function resiliency as well as a suppression of the neuroinflammatory reaction following 20 soccer headings.”

In a study on rats, “broad spectrum hemp extract inhibited biomarkers of oxidative stress.”

/ ADVOCACY / OPINION AND ANALYSIS

The Coalition for Access to Regulated & Safe Cannabis released a report highlighting New York’s low marijuana revenues compared to those of other states.

/ BUSINESS

HEXO Corp. has announced that a Canadian Court issued a final decision on the acquisition of its company by Tilray Brands, Inc.

TerrAscend Corp. has received approval from Maryland regulators for the acquisition of Derby 1, LLC.

Herbl has reportedly been placed in receivership.

The board of Organigram Holdings Inc. approved the consolidation of shares.

Metrc has renewed its contract with Ohio regulators to track and trace medical cannabis.

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The post Dems will not take up cannabis banking (Newsletter for June 21, 2023) first appeared on Marijuana Moment.

Tom Angell
Author: Tom Angell

About Tom Angell

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