KY Senate approves medical marijuana; Colorado gov wants fed updates; NH & DE Legalization Advances; KS Medical Cannabis Stalls; US Medical Marijuana Use Doubles
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TOP THINGS YOU SHOULD KNOW
Treasury Sec. Janet Yellen stated that federal regulators are looking for solutions to the banking access problems facing the marijuana industry. Senator Majority Leader Chuck Schumer (D.NY), said that he sees an opportunity to bring the issue up in Congress this year.
A bill was passed by the Kentucky Senate to legalize medical marijuana. Similar bills have been approved by the House in previous sessions, but they were always blocked in the Senate until now.
Colorado Gov. Jared Polis (D), says he requested that Health and Human Services Sec. Xavier Becerra provides an update on the timeline of the federal government’s review of marijuana scheduling.
New Hampshire House of Representatives passed a bill legalizing marijuana without any restrictions or limitations. Separate legislation for legalization with provisions to tax or regulate cannabis sales is also in development.
After hearing concerns raised by law enforcement officials, the Kansas Senate Federal and State Affairs Committee decided to abandon a bill for medical cannabis legalization.
Delaware Senate Finance Committee approved a House bill to legalize, regulate and tax marijuana sales. This was the second panel to approve such a bill in the same time period. It was sent to the floor along with a simple measure to legalize cannabis possession.
Officials from the Department of Veterans Affairs have just released a new study that shows the U.S.’s use of medical cannabis has more than doubled in seven years.
/ FEDERAL
Bill Bennett, former White House Office of National Drug Control Policy Director, stated that he believes Oklahoma voters rejecting a marijuana legalization initiative is a sign of wider opposition to cannabis reform.
The Drug Enforcement Administration Museum has posted a video that looks back at the educational materials it published over the years.
/ STATES
New Mexico lawmakers sent Gov. Michelle Lujan Grisham (D), a bill that streamlines the registration process for medical cannabis patients.
A motion to create a special order for medical cannabis legalization in South Carolina was defeated by the Senate.
A bill to legalize psychotropic drugs was rejected by the New Hampshire House of Representatives.
Nevada’s Assembly Speaker is urging regulators to clamp down on unregulated cannabis operations.
A hearing was held by the Georgia Senate Regulated Industries and Utilities Committee on a bill that would amend the hemp rules.
Senator from Minnesota who supports a marijuana legalization bill talked about changing attitudes.
Maryland’s delegate said in a tweet that the state was ready to legalize marijuana during this legislative session. We will have a legal marketplace by July 1st. This legislation will ensure that the new industry is accessible to those most affected by the War on Drugs.
A coalition of medical marijuana businesses is suing New York regulators. They claim they “improperly assumed” the legislative role to impose their own policies to prioritize applicants for social equity dispensary licenses. A top marijuana regulator will also be attending an equity event on Friday.
In a planned crackdown, a Louisiana judge stopped regulators taking hemp products from shelves.
Virginia’s Forensic Science Board issued rules regarding marijuana field testing.
Washington State regulators withdrew their statement of inquiry regarding rules regarding the cannabis plant canopy.
U.S. U.S. Virgin Islands regulators sent out a reminder about cannabis legality in the territory.
Colorado regulators published the average market rate for retail marijuana.
Guam’s Cannabis Control Board meets Monday.
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/ LOCAL
New York City’s mayor stated that his children are “waking up everyday in the morning to go to school, stopping at stores and bodegas to buy gummy bears and cannabis-laced skittles, and then sitting inside the classroom.”
Officials from Denver, Colorado sent information regarding the launch of the third program for social equity mentorship by the Marijuana Industry Group.
/ INTERNATIONAL
The Federal Joint Committee of Germany adopted regulations for medical cannabis that “does not place any additional restrictions” on patients.
A UK lawmaker spoke out about the benefits that hemp can bring to the economy and the environment.
/ SCIENCE AND HEALTH
Study reveals “protective effect of cannabinoids on colorectal carcinoma cachexia through modulation in inflammation and immune reactions.”
An LSD/psilocybin study found that people who used it experienced positive changes across 17 outcome items. The strongest effects were for insight and mood.
/ ADVOCACY & OPINION & AANALYSIS
The Montana Democratic Party tweeted that “Republicans’ plan for Habitat Montana to divert funds ignores the will Montanans who voted in favor of using marijuana tax revenue to protect public land & outdoor recreation.”
Star Tribune editorial board urges Minnesota legislators to ensure that marijuana legalization legislation “recognizes the trade-offs inherent within this policy change by including “strong warnings” on package labels and resources for broadening treatment options.
An employee of Pennsylvania Family Institute wrote an opinion piece addressing concerns regarding marijuana legalization.
The Humane Society of Missouri offers tips to help pets avoid accidental marijuana ingestion.
/ BUSINESS
Cresco Labs Inc. reported quarterly net revenues of $199.6 millions and net losses of $179.9million.
WM Technology, Inc. reported quarterly revenue in the range of $49.3 million, and a net loss in the range of $60.8 million.
TerrAscend Corp. reported quarterly net revenues of $45.9 millions and net losses of $5.9million.
TILT Holdings Inc. reported quarterly net revenues of $44.2 Million and a net loss $73.1 Million.
Leafly Holdings, Inc. reported that it had a quarterly net loss in the amount of $5.8million and announced that it will lay off 21 percent.
The plaintiffs voluntarily dismissed a federal lawsuit in Florida over Trulieve layoffs.
4Front Ventures Corp. has appointed a new member to its board.
/ CULTURE
Seth Rogen was surprised by Kevin Smith’s decision to quit smoking marijuana.
Kal Penn spoke out about President Joe Biden’s progress on marijuana.
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The post Treasury sec. The post Treasury sec. speaks cannabis banking (Newsletter, March 17, 2023) was first published on Marijuana Moment.
