Republican congressman on psychedelics; NY marijuana tax reduction; VT legalization; MI sales, CA psilocybin and Munchies study
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Top Things to Know
The Congressional Research Service has released a new report that outlines the limits of moving marijuana from Schedule III to Schedule IV. This includes that existing criminal penalties and federal laws would still apply to state cannabis markets.
Rep. Rep.
Hawaii’s Senate majorities included legalizing marijuana in their list of priorities for economic development in 2024.
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The Senate is committed to expanding and diversifying Hawai’i’s economic base.
New York Gov. Kathy Hochul (D)’s new budget proposes repealing the wholesale THC-potency tax on marijuana in order to replace it with an excise simplified tax that will “promote the growth of the legal adult use cannabis market.”
Vermont’s House of Representatives has passed a law to legalize and finance safe consumption sites for illicit drugs. But Gov. Phil Scott (R), says that the state should not “enable those who are addicted.”
California activists have failed to gather enough signatures for a psilocybin-legalization initiative to be placed on the November ballot. This is the third time in a row the campaign has tried to bring the reform to voters, but without success.
The Michigan Cannabis Regulatory Agency (MCRA) reported that Michigan retailers sold legal marijuana products worth more than $3 billion in 2023, including a record monthly sales of $279.9 millions in December.
A new federally funded study reveals how marijuana causes the munchies–specifically how cannabinoids target mediobasal hypothalamic neurons to stimulate appetite.
Federal
The Massachusetts State Advisory Committee for the United States Commission on Civil Rights stated that civil asset forfeiture has failed on many fronts, just like the other policies associated with the “war on drugs.”
Katrina Shankland is a Wisconsin Democratic candidate for the congressional seat in Washington. She is currently a representative of her state.
/ STATES
Minnesota Gov. Tim Walz (D), Minnesota Governor, spoke of efforts to ensure that cannabis products on the marketplace are compliant with State laws.
Oklahoma’s Attorney General discusses actions to combat illegal marijuana cultivation operations.
Ohio’s House Speaker said that it is better to take the time to craft carefully marijuana law revisions, and make sure they are done right, than to rush to change them.
Arkansas Senators discuss their views on the legalization of marijuana.
A press release was sent by an Alaskan senator about his bill creating a Mental Health and Psychedelic Drug Task Force.
Kansas Senator discusses the provisions he wants to see in medical marijuana legislation.
A New York Senator spoke of his support for legislation to close what he believes is a loophole that allows people to be prosecuted for driving while under the influence.
Virginia regulators have filed revised rules for medical cannabis and hemp.
California officials are renewing cannabis water quality policies.
Minnesota regulators will co-host a cannabis conference with the University of Minnesota in April.
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/ LOCAL
The Boston, Massachusetts Cannabis Board meets on Wednesday.
International
The German Social Democratic Party is increasingly concerned about the proposed legalization of marijuana by the government.
/ SCIENCE AND HEALTH
According to a study, “medical marijuana was well tolerated with a dropout rate comparable to clinical trials of antidepressant medications” and “patients reported clinically significant reductions in depression severity.”
ADVOCACY / OPINION, ANALYSIS & OPINION
A survey of Indiana adults revealed that 54 percent of respondents support the legalization of marijuana. However, only 32 percent of respondents back medical cannabis access and 15 percent are against any form of legalization.
BUSINESS
Numinus Wellness Inc. posted a quarterly revenue of C$5.9million and a loss of C$4.4million.
CULTURE
Mike Tyson talked about his success with the cannabis brand.
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The article Schedule III Cannabis Move Detailed (Newsletter – January 17, 2024 ) first appeared on Marijuana moment.
