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Featured Articles
New Cannabis ETF Offers More Global Cannabis Stock Exposure
Roundhill Investments, an ETF sponsor focused on innovative thematic funds, today launched the Roundhill Cannabis ETF (“WEED ETF”) on the Cboe BZX Exchange. The WEED ETF seeks to provide investors with exposure to the cannabis sector, including U.S. multi-state...
ACLU Suing Nevada Over Cannabis Constitution Issue
State law — and the will of Nevada voters — is clear that cannabis is legal to possess and use for medicinal and recreational purposes. Yet state agencies, including the Nevada State Board of Pharmacy, continue to list it as a Schedule I substance alongside meth,...
Three In Four South Carolina GOP Voters Support Medical Marijuana As House Floor Debate Approaches, Poll Finds
Three in four South Carolina Republican primary voters say they support legalizing medical marijuana, according to a new poll. The survey from Benchmark Research asked GOP voters in the state whether they favor “allowing patients who suffer from an approved list of...
Nevada Police Are Exploiting Marijuana Scheduling ‘Loophole’ To Make Arrests Despite Legalization, ACLU-Backed Lawsuit Claims
A new lawsuit is backed by the Nevada chapter of the ACLU claims that the state’s drug code unconstitutionally continues to list marijuana as a Schedule I drug, enabling police to continue to arrest people over cannabis despite the fact that it’s been legalized for...
Marijuana Legalization Tied To ‘Significant Reductions’ In Prescription Drug Use, Researchers Find
Legalizing marijuana for adult use is associated with decreased use of prescription drugs for the treatment of conditions such as anxiety, sleep, pain, and seizures, according to a new research paper. Several previous studies have identified associations with the...
Marijuana Trafficking Is Changing At US-Mexico Border
While the DEA did not outright attribute recreational marijuana legalization to the decrease in trafficked weed over the U.S. border, there is certainly a connection to be made. The United States and Mexico border has made front-page news daily for nearly a decade for...
Featured Articles
Rhode Island may change recreational pot laws
Rhode Island appears a step closer to becoming the next state to legalize recreational marijuana use. On Tuesday, two key lawmakers in the House and the Senate introduced identical legislation that resolved a major impediment to passage last year: They defined who would regulate the new industry. The legislation creates an independent three-member cannabis control commission, which would eventually also assume oversight of the state’s medical-marijuana program, currently overseen by the Department of Business Regulation. It also establishes a cannabis advisory board and a cannabis office within the DBR. The Senate last year approved a version of legalization that called for a similar commission, but a House bill kept control of the retail market within the DBR. How many marijuana dispensaries could there be? The new legislation allows for up to 33 retail licenses distributed in six zones statewide, including at nine medical marijuana dispensaries that could be hybrid recreational and medical retailers. Community leaders considering opting out of hosting a retail dispensary would have to place the question before voters on the November ballot. Those communities voting to opt-out would be ineligible for any tax revenue from marijuana sales.
Mmp News Author, Medical Marijuana Program Connection, 03/07/2022 20:45:00
Open article: https://mmpconnect.com/rhode-island-may-change-recreational-pot-laws/
Cannabis Companies in Germany Attract Investments as Nation Gears Up for Recreational Sales
Cannabis startups in Germany are experiencing an uptake in investment funding as they look to capitalize on the potential of the legalization of recreational marijuana. This comes as the sector of medical marijuana, which is legal, is experiencing tremendous growth. Investment funding in the cannabis sector experienced slow growth in 2020 before regaining its momentum last year. According to Stephen Murphy, the CEO, and co-founder of marijuana research firm Prohibition Partners, this year has begun with a positive start as investors position themselves to benefit from the burgeoning market. Additionally, investors are looking forward to the legalization of recreational marijuana in Germany. The ruling coalition has made promises, but its legalization appears not to be close at hand. Canadian and American businesses that have their business operations in Europe are also positioning themselves to gain from an expanding recreational market. Cansativa Group, a startup based in Frankfurt, has raised $15 million in a Series B funding round that was led by Snoop Dogg-backed investment company Casa Verde Capital. According to its co-founder Benedikt Sons, this round provided better results in comparison to the first one. The company is the only distributor of cannabis that is cultivated in Germany.
CannabisNewsWire, 03/08/2022 04:20:00
New initiative seeks to expand cannabis industry to Black and Hispanic entrepreneurs
The Alliance for Cannabis Equity (ACE), a collaboration between Connecticut Community Outreach Revitalization Program (ConnCORP) and The WorkPlace, a Bridgeport-based incubator and workforce development board, has released the Cannabis Manifesto, a document designed to aid Black and Hispanic entrepreneurs and workers in understanding how they can take full advantage of the emerging recreational marijuana industry in Connecticut. The 93-page manifesto, which was published online, is designed to lay out the organization’s mission and goals and serve as a reference document for those seeking to understand why people of color should make full use of the opportunities for economic advancement provided by the state’s legalization of recreational use. “Social equity is at the core,” said Fred McKinney, co-founder of the economic analysis and consulting firm BJM Solutions, in a Feb. 24 press conference announcing the manifesto. McKinney praised the state’s efforts to center its marijuana policy on offsetting some of the harms of years of racism and bias in drug enforcement. “But, I know enough about social equity to know that it takes more than words,” he added. “It really takes an effort to make it a reality.
Mmp News Author, Medical Marijuana Program Connection, 03/06/2022 12:43:00
D.C. Lawmakers Approve Ban On Pre-Employment Marijuana Testing For Most Workers
A Washington, D.C. Council committee on Thursday unanimously approved a bill to ban most workplaces from subjecting job applicants to pre-employment marijuana testing. The legislation, sponsored by Councilmember Trayon White (D), cleared the Labor & Workforce Development Committee. It would expand on previous legislation the D.C. Council approved to protect local government employees against workplace discrimination due to their use of medical cannabis. “This is an important step towards eliminating historic inequities of cannabis use and ensuring that those who use cannabis medically or recreationally are not penalized in their work spaces [for what they do] on their private time,” White said at the committee meeting on Thursday. The new bill stipulates that, with certain exceptions, “it shall be an unlawful discriminatory practice for an employer, labor organization, employment agency, or agent thereof to require a prospective employee to submit to testing for the presence of any tetrahydrocannabinol or marijuana in such prospective employee’s system as a condition of employment.” Police, safety-sensitive construction workers and people with jobs that require a commercial driver’s license or work with childcare and patients and positions “with the potential to significantly impact the health or safety of employees or members of the public” could till be drug tested for cannabis, however.There are also exceptions for workers contracted by the federal Department of Transportation (DOT).
Kyle Jaeger, Marijuana Moment, 03/03/2022 16:41:00
Wyoming Marijuana Decriminalization Bill Won’t Get A Vote This Session, Sponsor Says
A proposal to decriminalize possession of small amounts of marijuana won’t come up for a vote this legislative session, according to the bill’s sponsor. The legislation was initially filed last month, Marijuana Moment reported. But state Rep. Mark Baker, R-Rock Springs, told The Center Square that there simply isn’t time to take up the bill in a shortened session devoted to the budget. “The way Wyoming works, we budget biannually, a two-year budget,” he said. “This year, we have a budget session and it’s only 20 days long. We also have redistricting bill. Anything is not budget or redistricting requires a two-thirds vote because of the timeframe.” Legislators were given the opportunity to bring only one bill forward this session, Baker noted. “I chose to not bring that bill [marijuana legislation] forward,” Baker said. “I chose to bring another bill forward.” The legislation would have made possession of small amounts of marijuana a civil violation with a $100 fine, rather than a misdemeanor which carries a potential of a year in jail and a $1,000 fine, Baker said. With the bill off the table for this year, the emphasis is on creating a study committee that would explore the costs and potential tax revenue from legalizing the sale of marijuana, the lawmaker said. According to previous estimates, Wyoming could gain $30 million a year in tax revenue from legal marijuana sales. “Next year will be a 40-day general session of the legislature,” Baker said. However, another stumbling block is that marijuana is still illegal under federal law, he added. “In Wyoming, there doesn’t appear to be an appetite to challenge the federal government on this issue,” Baker said. “Everyone is looking for the Congress and the president to do something. We could expect a vote in Wyoming to be successful only after the federal government does something.”
Marijuana Moment, Marijuana Moment, 03/07/2022 08:43:00
Veterans Groups Call On Congress To Allow Medical Marijuana Access Through VA
House and Senate committees held joint hearings last week to hear from veterans service organizations (VSOs) about how Congress and the federal government can better serve their constituents, and several of the groups brought up the need to ease restrictions on marijuana. Written testimony submitted ahead of the meetings on Tuesday and Wednesday echoes what the VSOs have repeatedly raised with lawmakers. The specifics range in scope between the various groups, but the overall message was made clear: military veterans uniquely stand to benefit from marijuana treatment and it’s time for Congress to do something about it. Among other asks from the organizations are for the U.S. Department of Veterans Affairs (VA) to expand research into the therapeutic potential of cannabis, for Congress to lift study barriers for Schedule I drugs that show medical promise and to end prohibition so that veterans can access marijuana recommendations through their VA doctors. “Support for the use of medical cannabis to treat the wounds of war has been growing among the veteran population for years, and [Iraq and Afghanistan Veterans of America] members have repeatedly voiced their support,” IAVA CEO Jeremy Butler said.
Kyle Jaeger, Marijuana Moment, 03/07/2022 11:54:00
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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...
Tell the Senate: Support Keeping SAFE Banking in America COMPETES
Back in February, the House of Representatives approved a massive economic package called the America COMPETES Act, which contained an amendment from Rep. Ed Perlmutter to include the SAFE Banking Act in the legislation. This is the sixth time that the House has...
These 3 cannabis bills could spur significant societal change
Change drives innovation, and the U.S. is poised for a seismic shift in cannabis legislation with broad implications for social justice and economic health. Several notable pieces of legislation are currently proposed or working their way through Congress. These...
Marijuana legalization in Wisconsin not likely – Marquette Wire
Though Wednesday, April 20, or “420,” is approaching, the legalization of marijuana in Wisconsin is not. Devin LeMahieu, Wisconsin senate majority leader and Republican from Oostburg, which is around 50 miles away from Milwaukee, said in an online panel with...
Bloomberg Report: California Lawmakers Aim to Protect Workers’ Off-Hours Pot Use
California employers would be prohibited from discriminating against workers and job applicants for off-duty cannabis use under legislation that gets a hearing on April 20—coincidentally the date of annual pot-centered celebrations. Lawmakers are trying to fill in the...
Missouri Marijuana Legalization Efforts Run Up Against Deadlines For Ballot And In Legislature
“Do we still have time? Yes. I’ve seen bills sail through the process in a week. It really comes down to whether we have the will to tackle it.” By Jason Hancock, Missouri Independent With the end of the legislative session only weeks away, and organizers of an...
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