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House To Vote On Marijuana Research Bill On Monday, Days After Passing Legalization Measure
Just days after passing a far-reaching bill to federally legalize marijuana, the U.S. House of Representatives is set to vote Monday on separate legislation to remove barriers to conducting research on cannabis, including by allowing scientists to access products...
New Mexico Governor Might Buy Marijuana At Some Point, Because Legalization Is ‘Going To Stay Forever’
New Mexico Gov. Michelle Lujan Grisham (D), who listed cannabis legalization as a top priority last year and called a special legislative session to get it done, was among the first in line last Friday morning when retail stores opened across the state. “This is...
Maryland: Voters to Decide Legalization Question in November
Voters will decide on Election Day whether to approve a referendum legalizing marijuana possession by adults. Lawmakers on Friday gave final approval to the proposed Constitutional Amendment, House Bill 1, which asks voters: “Do you favor the legalization of adult-use...
These 8 States Sold $12.8 Billion of Adult-Use Cannabis in 2021
Colorado’s per-capita sales estimate of $429 for its 21-and-older population topped the chart. Far fewer states have launched commercial adult-use cannabis sales than medical cannabis sales, but those that have made the recreational jump are raking in the dough. In...
This marijuana stock has beaten Apple, Twilio, Netflix and Bank of America
Those investors who chose the specialized real-estate investment trust Power REIT to add to their portfolios some five years ago are now enjoying their high returns. Despite COVID-19's negative effect on the overall economy over the past two years, industries, like...
New Hampshire House Approves Legislation to Legalize Adult-Use Cannabis
The New Hampshire House is once again considering adult-use cannabis legalization and, this time, lawmakers want to allow state-run liquor stores to serve the market. House Bill 1598, sponsored by Rep. Daryl Abbas, R-Salem, would allow liquor stores to sell cannabis...
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Crimes Post-Cannabis Legalization, New Research Reveals
Most of us do not realize how many resources are dedicated to dealing with cannabis-related crime in the U.S., but it is said to include a cost of over $3.6 billion annually. Many cannabis advocates have pointed to cannabis decriminalization and legalization as a means of freeing up resources for handling more serious, violent crimes. Now, findings from a recent research study—published in the February 2022 volume of the International Journal of Drug Policy—support the theory. The study, which was analyzed by the National Organization for the Reform of Marijuana Laws (NORML), discovered that police were solving more violent crimes in states where cannabis has been legalized. To conduct the research, teams affiliated with the University of Utah and the University of China assessed the crime clearance rates in Oregon and several control states prior- and post-cannabis legalization. They found that “the legalization of marijuana for adults is associated with improvements in police clearance rates for multiple types of violent crimes.” Analyzing Crime Clearance Rates in the U.S. According to NORML, the researchers found “significant increases in clearance rate for overall violent crimes and for aggravated assault in Oregon counties relative to those in non-legalized states following legalization,” which was noted to be consistent with previous research on a similar matter. Another study published in 2018 found that adult-use legalization was associated with improved crime clearance rates.
Posted By, Cannabis Central, 02/03/2022 15:00:00
House approves Marijuana Banking Bill, attaches it to America COMPETES Act
The U.S. House of Representatives formally attached a marijuana banking reform amendment to a large-scale bill dealing with innovation and manufacturing, marking the most recent development in the push to protect financial institutions that work with state-legal cannabis businesses. Article originally appeared on Benzinga Marijuana Moment first reported that the amendment from sponsor Rep. Ed Perlmutter (D-CO) was preliminarily approved on Wednesday on a voice vote as part of an ‘en bloc group’ with other amendments, but a roll call was requested. The chamber then took that package back up on Thursday and passed it in a 262-168 vote. “There was no floor debate about the cannabis provision itself, demonstrating how relatively noncontroversial the bipartisan-supported reform is in the House,” noted Marijuana Moment’s Kyle Jaeger. “The Senate, as observers of the issue know, is a different story.” Yes, we do. What’s Next? Advocates will need to wait and see whether the America COMPETES Act, with the now-attached Secure and Fair Enforcement (SAFE) Banking Act, will actually pass in the House on Friday when a final vote is expected.
420 Intel – Marijuana Industry News, 02/03/2022 19:00:00
Oregon Cannabis Legislative Preview: Producer Moratorium, Equity, State Banking and More
HB 4016 authorizes the Oregon Liquor and Cannabis Commission (OLCC) and Oregon State Department of Agriculture (ODA) to unilaterally issue moratoriums on the issuance of new marijuana and hemp producer licenses. If this bill passes, the OLCC and ODA will INACTIVATE all marijuana producer and hemp grower applications received after January 1, 2022. Under the proposed marijuana moratorium, the OLCC will process applications for producer licenses received on or before January 1, 2022, if the application includes a valid land use compatibility statement. Applications that did not include a land use compatibility statement must submit a land use compatibility statement within 21 days of HB 4016 enactment (this is a short session, so if the bill passes you better hurry!) An application for a production license submitted on or before January 1, 2022, cannot change the location for which the application was submitted, and cannot change 51% or more of the ownership interest in the production facility listed in the application. On the surface, the marijuana producer moratorium appears to provide an opportunity for the issuance of new producer licenses, but this will not be the case if the bill passes as written. The OLCC has not accepted producer applications since June 15, 2018, and the previous producer moratorium expired on January 3 of this year; so it is unclear whether there are producer licenses in the agency application queue that were filed on or before January 1, 2022. The OLCC did, however, release a bulletin on November 8, 2021, announcing that the agency would no longer inactivate new producer applications beginning on January 2, 2022. OLCC officials also told many prospective production licensees that new applications filed after January 2 would be processed. It now appears the agency made those statements knowing that HB 4016 would establish a new January 1 cut off. Unless the legislature amends HB 4016 to provide some relief to the applicants who reasonably relied on OLCC’s statements, litigation will more than likely result.
Cannabis Law Report, 02/04/2022 02:34:00
Canadian marijuana producer CannTrust applies for NYSE listing
CannTrust Holdings Inc. said Tuesday that it has applied to list its shares on the New York Stock Exchange, following other large Canadian cannabis companies that list in the U.S. but operate in Canada. CannTrust stock was down 4% in morning trading, as the ETFMG Alternative Harvest ETF fell 1.8%. “CannTrust has firmly established itself as one of the top licensed producers in Canada with a global platform rooted in trust, science, and innovation,” CannTrust Chief Executive Peter Aceto said in a statement. “A listing on the NYSE is a natural step forward in our evolution as we look to broaden our investor base, increase the company’s exposure and expand our business on an international scale.” U.S. exchanges have allowed listing by marijuana companies that operate in Canada where pot is legal for adult recreational use. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hemp Land, Cannabis Hemp Blog, 02/03/2022 22:17:00
Open article: https://hempland.net/canadian-marijuana-producer-canntrust-applies-for-nyse-listing/
Nearly One In Ten New Missouri Jobs Came From Medical Marijuana Industry In 2021, Trade Group Report Finds
Nearly one out of every 10 jobs that were created in Missouri last year came from the state’s medical marijuana industry, according to an analysis of state labor data that was released by a trade group on Wednesday. The cannabis sector added almost 7,000 new jobs, which is about 10 percent of the 77,600 jobs that the Missouri Department of Labor tracked for 2021 overall, the Missouri Medical Cannabis Trade Association (MoCannTrade) said. The group combined the Labor Department figures with separate data from the Missouri Department of Health and Human Services that shows it has issued 6,596 state agent ID cards that people need to work in the cannabis industry. MoCannTrade said that “all but a few hundred of those cards have been issued since retail sales commenced in late October 2020.” “Missouri’s medical cannabis industry is delivering on its promise of not only providing safe, affordable and convenient access for patients but also helping to infuse the state’s economy with sizable investment and millions in new tax revenue,” Andrew Mullins, executive director of the association, said in a press release. The group also noted that the state has registered nearly 170,000 medical cannabis patients, and sales of marijuana products exceeded $200 million last year alone. Regulators have so far authorized more than 300 cannabis businesses, including dispensaries, manufacturers and cultivators.
Kyle Jaeger, Marijuana Moment, 02/02/2022 11:52:00
VA Seeks To ‘Normalize’ Marijuana Conversations With Veteran Patients Though New Research Website
The Portland branch of the U.S. Department of Veterans Affairs (VA) is teaming up with an Oregon university on a new website that aims to provide resources to make healthcare providers “more comfortable” discussing marijuana treatment with patients. While VA doctors are permitted to discuss cannabis with patients, many continue to feel reluctant to do so given that marijuana remains strictly prohibited under federal law and they’re barred from issuing medical cannabis recommendations that other non-VA doctors can provide in legal states. To help assuage those concerns, Oregon Health & Science University’s (OHSU) Center for Evidence-based Policy and Portland VA launched an initiative last month called Systematically Testing the Evidence on Marijuana, or STEM. The website contains information about marijuana studies that have been published, others that are currently underway, and additional general clinician resources for physicians. “Providers have not become familiar with the health effects of cannabis,” principle investigator Devan Kansagara, a professor of medicine at OHSU and a staff physician at the Portland VA, said in a press release. “That’s partly because we’ve lacked the evidence we like to see when recommending treatments to patients, and partly because of a lack of familiarity with terminology and practical issues about cannabis.” “The STEM site could help providers feel more comfortable discussing cannabis and help normalize conversations, similar to the process we have become so familiar with when talking to patients about alcohol use,” he said.
Kyle Jaeger, Marijuana Moment, 02/03/2022 09:26:00
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Indiana Drops THC-Crackdown Bill
Indiana’s Senate Bill 209 died in the 2022 legislative session because of worries that the bill’s language would go as far as to outlaw CBD oil. Republicans proposed the bill to the General Assembly which sought to change the definitions of drug...
House Approves Federal Marijuana Legalization Bill For Second Time In History
The U.S. House of Representatives on Friday approved a bill to federally legalize marijuana for the second time in history, also adopting a pair of amendments to the legislation before final passage. Following an hour of debate on the Marijuana Opportunity,...
New Hampshire House Approves State-Run Marijuana Legalization Bill And Rejects Psilocybin Decriminalization Measure
The New Hampshire House on Thursday approved a bill to legalize marijuana through a state-run model—but the chamber tabled a separate bill that would have decriminalized possession of psilocybin mushrooms. This is the second time that the House has taken up the...
South Carolina House Lawmakers Approve Senate-Passed Medical Marijuana Legalization Bill In Subcommittee
South Carolina lawmakers on Thursday approved a Senate-passed bill to legalize medical marijuana in the state. A subcommittee of the House Medical, Military, Public, and Municipal Affairs Committee advanced the measure, sponsored by Sen. Tom Davis (R), in a...
Missouri Lawmakers Approve GOP-Led Marijuana Legalization Bill In Committee
A Missouri House committee on Thursday narrowly approved a GOP-led bill to tax and regulate adult-use marijuana in the state. The legislation from Rep. Ron Hicks (R), titled the “Cannabis Freedom Act,” cleared the House Public Safety Committee in a 5-4 vote, with...
New Legislation Would Authorize More Medical Cannabis Operators in Minnesota
A Minnesota lawmaker wants to double the number of licensed medical cannabis operators in the state. Sen. Mark Koran, R-North Branch, introduced legislation on March 29 that would allow the Minnesota Department of Health to license at least two more vertically...
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