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Featured Articles
Delaware Governor And Congressional Lawmakers Condemn Drug-Related Search Of Student Athletes
The governor of Delaware and members of the state’s congressional delegation are speaking out after Georgia police pulled over a bus of college lacrosse players over an alleged traffic violation and searched their personal belongings in a fruitless attempt to find...
This Federally-licensed Cannabis Company May Begin Trading Tomorrow
According to a recently filed S-1/A, Bright Green Corporation (NASDAQ: BGXX) is one of the few companies that have received conditional approval from the DEA to produce federally legal cannabis for research purposes. The company expects their common stock to begin...
Is German Oversupply Hampering Growth Of Its Medical Cannabis Industry?
Germany is continuing to see cannabis companies from across the globe pile into its medical cannabis market in the hopes of securing their piece of the pie. With limited domestic production capacity and by far the largest medical cannabis patient demographic in...
There is a rapidly expanding, virtually unregulated competitor to medical cannabis in Maryland. It’s called Delta-8.
It’s called Delta-8. Delta-8 is one of more than a hundred closely related compounds found in the cannabis plant called cannabinoids. Its chemical structure is nearly identical to THC, the main psychoactive component in cannabis. Delta-8 is found in small amounts in...
US cannabis market provides greenfield for digital payment startups
Startups worth watching Payment startups are tapping the cannabis industry with solutions aimed at digitizing the historically cash-dependent sector. CanPay. The Colorado-based startup’s app lets customers at more than 800 cannabis dispensaries make Automated Clearing...
Detroit’s new recreational cannabis ordinance challenged in lawsuit
VIA The Detroit News a chain of medical marijuana dispensaries filed a lawsuit in Wayne County Circuit Court Wednesday challenging Detroit’s new recreational marijuana ordinance. A provision in the ordinance, which was approved last month by the Detroit City Council,...
Featured Articles
Massachusetts Psychedelics Activists Plan To Put Decriminalization On Local Ballot And Force Lawmakers To File State Bills
Massachusetts activists are gearing up for a multi-pronged push to advance psychedelics reform locally and at the state level, with a campaign kicking off a signature drive last week to put a decriminalization measure on the ballot in the state’s second largest city. The Bay Staters for National Medicine (BSNM) campaign launched its signature-gathering effort to put the policy change before Worcester voters just days after the city’s Human Rights Commission approved a resolution urging the city manager to conduct a study on “the benefits of making arrests for growing and distributing entheogenic plants like psilocybin mushrooms among veterans and first-responders the lowest law enforcement priority of the Worcester Police Department.” Separately, activists are deploying a strategy to have Massachusetts residents force state lawmakers to file legislation to both legalize entheogenic substances for therapeutic use and otherwise decriminalize certain psychedelics. Both the Worcester initiative and the statewide legislation focus on psychedelics, but they would also broadly decriminalize low-level possession of all currently illicit drugs. Activists would like to see the Worcester City Council act on the proposal this year, but if not, they expect to have roughly 16,000 signatures by summer 2023 for placement on that November’s ballot.
Kyle Jaeger, Marijuana Moment, 04/18/2022 09:07:00
U.S. Attorney General Would Be Required To Create Marijuana Commission To Advise On Legalization Under New Bipartisan Bill
U.S. Attorney General Would Be Required To Create Marijuana Commission To Advise On Legalization Under New Bipartisan Bill Marijuana Moment reports.. A bipartisan group of congressional lawmakers filed a bill on Thursday that would direct the attorney general to create a commission charged with making recommendations on a regulatory system for marijuana that models what’s currently in place for alcohol. Reps. Dave Joyce (R-OH), Hakeem Jeffries (D-NY), and Brian Mast (R-FL) are teaming up on what’s titled the Preparing Regulators Effectively for a Post-Prohibition Adult-Use Regulated Environment Act (PREPARE) Act—an incremental reform meant to inform comprehensive cannabis policy changes in the future. The measure will “provide lawmakers across the ideological spectrum the opportunity to engage on cannabis reform by creating a fair, honest and publicly transparent process for the federal government to establish effective regulation to be enacted upon the termination of its 85-year prohibition of cannabis,” according to a summary from the sponsors.
Cannabis Law Report, 04/15/2022 23:17:00
German Hemp Association Suggests State Licensed Stores Rather Than Pharmacies Should Magae Retail of Cannabis & Hemp Products
In the coalition agreement, the Ampel parties have agreed on the legalization of recreational cannabis. The German Hemp Association (DHV) has presented its legalization concept for the upcoming political discussions on implementation. One position: Not the pharmacies should take over the sale, but state-licensed specialist shops. Berlin – In the coalition agreement, the Ampel parties have agreed on the legalization of recreational cannabis. The German Hemp Association (DHV) has presented its legalization concept for the upcoming political discussions on implementation. One position: Not the pharmacies should take over the sale, but state-licensed specialist shops. Political talks on implementing the agreed controlled sale of cannabis to adults could soon begin in Berlin. The DHV, as the largest advocacy group for advocates of legalization, wants to bring the views of consumers and activists into the discussion with its concept. One sees oneself as a counterweight to entrepreneurial interests and fundamentally negative forces. In principle, the DHV advocates the legal sale of cannabis from the age of 18. “
Cannabis Law Report, 04/17/2022 21:49:00
Greece: Development and Investment Minister: Medical cannabis to be sold at pharmacies
Torno News.. Greece expects big investments in the production of medical cannabis which the government hopes would add up to 1.5 billion euros ($1.67 billion) annually to state revenue, Minister for Development and Investment Adonis Georgiadis said, according to greekreporter.com. Speaking exclusively to Greek Reporter, Georgiadis maintained that medical cannabis would be produced and sold in Greece starting in 2022. “The goal is for Greece to become the top European country in the production of medical cannabis. Greece’s environment is friendly for this particular plant and we think we will have a natural advantage,” Georgiadis told the Greek Reporter. Medical cannabis, also called medical marijuana, is an herbal drug derived from plants of the genus Cannabis that is used as part of the treatment for a specific symptom or disease such as cancer, chronic pain, and mental disorders. The two major cannabinoids extracted from this plant that provide medical benefits include tetrahydrocannabinol (THC) and cannabidiol (CBD). Medical cannabis to be sold in pharmacies Georgiadis said a big investment by Τikun Εurope close to the city of Corinth is already complete and two more investments from companies in the U.K. and Canada are on the cards for the production of medical Marijuana.
Cannabis Law Report, 04/17/2022 21:03:00
Proposed Federal Marijuana Reform: Financial Services Industry Primer
On Friday, April 1, 2022, the House of Representatives passed the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act for the second time in two years, with 220 votes in favor and 204 votes in opposition. The MORE Act is one of at least three pieces of offered legislation that legalizes, or partially legalizes, marijuana at the federal level. After an hour of debate, the House also adopted two amendments aimed at assuaging Republican concerns about impaired driving and workplace safety. All three proposed laws expressly address some financial institutions’ ability to operate in this emerging market. The MORE Act not only removes marijuana from Schedule I under the Controlled Substances Act (CSA), but it ushers in a regulatory framework for taxing the sale of cannabis products and using the tax receipts to fund a number of equity and economic programs for those adversely impacted by the War on Drugs. The MORE ACT also will authorize expansive research on cannabis and the impact of the War on Drugs, and it will create a process for expungements of non-violent federal marijuana convictions across the country.
Author S, Cannabis Law Report, 04/15/2022 21:03:00
Federal Regulator Cheers State-Level Cannabis Banking Reforms Amid Congressional Inaction
Banking is one of the most crucial resources the state-legal cannabis industry is missing out on due to federal prohibitions. Fearing retaliation from the federal government, most financial institutions refuse to work with cannabis businesses, depriving them of financial services such as bank accounts and loans. Additionally, it forces marijuana businesses to operate on a cash-only basis, which significantly increases the risk of burglaries and robberies. However, some states have made efforts to increase access to banking services in the nascent cannabis sector in a bid to address these problems. Former chair of the National Credit Union Administration (NCUA) Rodney Hood says that while these efforts deserve plenty of praise, chances are they won’t be enough to change cannabis banking without congressional intervention. Speaking at an Emerging Markets Coalition about the cannabis banking dilemma, he said that this issue “demands special attention.” Cannabis has proven to be one of the fastest-growing industries in the country, generating billions of dollars in sales and creating hundreds of thousands of new jobs. If the industry is given access to banking and loan services, it has the potential to be extremely lucrative in the long term.
CannabisNewsWire, 04/18/2022 04:20:00
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Maine: First Circuit poised to approve interstate cannabis investment
Courthouse News Service reports The First Circuit gave strong indications Thursday that it would strike down a Maine law that says only in-state residents can own for-profit medical marijuana dispensaries. Maine’s defense of the law hinges on marijuana’s continued...
Schumer Has Talked to Six GOP Senators About Bill
While speaking at a marijuana parade and rally in New York City last Saturday, Senate Majority Leader Chuck Schumer revealed that he had so far talked to half a dozen Republican senators about his upcoming federal legalization bill for marijuana. The annual NYC...
Illinois Cannabis Sales Resume Upward Trajectory
The recreational marijuana market in Illinois seems to be getting over the dip it experienced at the beginning of the year, state records show. According to figures released by the Department of Financial and Professional Regulation (IDFPR), a total of $132 million...
To Re-Legalize or Not to Re-Legalize: Nepal Will Soon Decide
The world is aflutter with changing cannabis regulations. The Americas are certainly pretty green, and Europe is opening up more and more as well, including legalization measures (or the direct plans for one) in Malta, and Switzerland, and tons more getting close,...
New York Lawmakers Approve Bill To Authorize Safe Drug Consumption Sites In Committee
A New York Assembly committee on Tuesday advanced a bill to establish a statewide safe consumption site program, allowing regulators to authorize facilities where people could use currently illicit drugs in a medically supervised environment. The legislation from...
Michigan Broke Marijuana Sales Record In April, State Data Shows
Michigan broke a marijuana sales record in April, with nearly $200 million in cannabis purchases, state data shows. The state saw about $168 million in recreational marijuana sales and $27 million for medical cannabis, for a total of nearly $195 million. Andrew...
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