Fed marijuana case drops as states legalize. HI expungements. UN board’s cannabis & psychedelics concern; CT & AK psychedelics. CBD safe for dogs
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Top Things to Know
Senate Majority leader Chuck Schumer (D-NY), said that a marijuana banking law is one of the top policy priorities for his chamber this year, ahead of the November elections.
A new U.S. Sentencing Commission shows that federal marijuana cases continue to decrease as more states legalize and allow consumers to purchase products on the regulated cannabis markets.
The International Narcotics Control Board has expressed concerns again about countries around the world legalizing marijuana, though it was happy to note that Germany’s original cannabis plan had been scaled down. The organization is also calling for psychedelics to be reformed in the U.S.
Hawaii’s House of Representatives has passed a law that will automatically expunge arrest and conviction records for marijuana.
Connecticut’s Joint Judiciary Committee heard testimony on a bill that would decriminalize the drug psilocybin. This is a change in policy that Governor. Ned Lamont, a Democrat, has expressed “concerns”.
The Alaska House Military and Veterans Affairs Committee approved and amended a bill that created a Mental Health and Psychedelic Medicine Task Force to recommend licensing and insurance for therapeutic practitioners in the event of federal legalization.
National Animal Supplement Council has said that CBD and other cannabinoids “are safe for long-term usage” in dogs. This was after funding an “intense” study, which included a trial as well as an analysis of 10 year’s worth of data collected from an adverse events reporting system.
Federal
Rahul Gupta, Director of the White House Office of National Drug Control Policy, toured a Colombian coca field.
The number of security clearances denied by the Defense Office of Hearings and Appeals due to illegal drug use has increased by 36 percent from 2023.
Sen. Tim Scott (R – SC) acknowledged that his vote in opposition to a marijuana banking law was “not popular,” but said it was the “right thing to do”.
Sen. Elizabeth Warren (D, MA) has posted a video in which she talks about the importance of de-scheduling marijuana.
Two new co-sponsors have been added to the 86 total for the House bill that would legalize marijuana at federal level.
/ STATES
New York Gov. Kathy Hochul (D), tweeted: “Legal cannabis retailers have done everything according to the law in order to be a member of our new industry. We are cracking down on illegal stores to ensure that small business owners… can continue to grow.
A South Carolina Senator who is sponsoring medical cannabis legalization legislation spoke about the strict regulations.
Colorado regulators have issued a warning about marijuana products that could be contaminated.
Illinois regulators accept applications to increase the size of marijuana craft growers’ canopys.
Minnesota regulators have posted a list of events involving hemp-derived cannabinoid products.
Montana regulators have published fact sheets on medical cannabis and the limits of its purchase.
The New Hampshire Therapeutic Cannabis Medical Oversight Board held a meeting.
California Cannabis Advisory Committee meets on Friday.
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LOCAL
San Francisco voters in California approved a ballot initiative to require drug testing for welfare recipients.
Officials in Killeen filed a reply to the lawsuit brought by the Texas Attorney General to reverse the decriminalization of marijuana law that was approved by voters.
A threat of fines has prompted New York City officials to announce that 75 retail tenants have been evicted for selling cannabis without a licence.
International
In response to a question from a legislator, UK Prime Minister Rishi sunak discussed efforts to examine barriers to conducting psilocybin research.
New South Wales’ minister for work safety and health in Australia agreed to meet with experts regarding workplace drug testing for medical marijuana patients.
SCIENCE AND HEALTH
According to one study, “failure of allowing licensed cannabis farming in traditional agricultural regions has led to self-fulfilling prophetism wherein cannabis cultivation has been largely relegated into environmentally sensitive areas with a high tendency for adverse environmental effects.”
In a study, “cannabidiol (20 mg/kg) induces significant pain relief in neuropathic mouse.”
/ BUSINESS
Curaleaf Holdings, Inc. posted a quarterly net revenue $345.3 millions and a loss of $65.6million.
Planet 13 Holdings Inc. has announced its pricing for the previously announced underwritten offering. The company plans to sell 18,750,000 shares at a price of $0.60 each, generating gross proceeds of approximately US$11.3 Million.
Glass House Brands Inc. has announced that it intends to restate certain financial statements.
CULTURE
Nick Swardson, a comedian from New York City, blamed marijuana edibles and liquor for a performance that ended with him being booed.
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The post Cannabis Banking on Tap for Passage by Nov, Schumer Says (Newsletter: 7 March 2024) first appeared on Marijuana Moment.
