Congressional Committee Declines to Approve Cannabis Banking Regulations
A congressional committee decided against amending banking rules for the cannabis industry.
If enacted, the new regulations would have prevented the U.S Department of Treasury from attempting to penalize a financial institution solely because the institution provides financial services to an entity that is a manufacturer, producer, or a person that participates in any business or organized activity that involves handling marijuana or marijuana products in compliance with state and local law.
After considerable debate, the House Appropriations Committee rejected the regula....
Trump Signals Possible Support For Bipartisan Marijuana Legislation
President Donald Trump steps off Air Force One as he arrives for the G-7 summit in Canada on June 8. (image:Evan Vucci/AP )
President Trump is signaling hes willing to support a move toward the legalization of marijuana, which would be a departure from the position of his attorney general, Jeff Sessions.
Sessions has been known for his vocal opposition to marijuana legalization, calling it a very real danger during his Senate confirmation hearing, and saying, Good people dont smoke marijuana.
Speaking to reporters as he left the White House Friday morning for the G-7 summit in Canada, Trump said, I probably will end up supporting bipartisan legislation that would give states wide latitude over....
Canada Senate Gives Approval to Marijuana Legalization
A bill to legalize marijuana, proposed by Canadian Prime Minister Justin Trudeau, has been passed by the Senate through its third and final reading.
The legislation C-45 has already been passed by the House of Commons, but will go back for one final vote on Senate amendments before being sent to the Governor General for Royal Assent final approval. It was passed by the Senate 56 to 30.
Once the law takes effect, the possession and cultivation of personal amounts of marijuana will be legal for those 18 and older. The law authorizes licensed marijuana businesses to sell marijuana and marijuana products, and also allows online sales which will be handled similarly to how the country currently allows online medical marij....
Senate Panel Approves Medical Marijuana for Veterans
The Senate Appropriations Committee approved the amendment, offered by Sen. Steve Daines and Sen. Jeff Merkley.
Just one day after the House Rules Committee, led by prohibitionist Representative Pete Sessions R-TX, blocked multiple amendments related to cannabis from receiving consideration by the full House, a U.S. Senate panel voted on Thursday to allow doctors with the Department of Veterans Affairs VA to issue medical marijuana recommendations to military veterans.
Senate Appropriations Committee approved the amendment, offered by Sen. Steve Daines R-MT and Jeff Merkley D-OR, on a voice vote, reported the Marijuana Moment.
The measure simply allows veterans to discuss that opti....
Study: Majority Of Chronic Pain Patients Replace Opioids With Cannabis
More than two-thirds of chronic pain patients registered to legally access medical cannabis products substitute marijuana for prescription opioids, according to data published in The Journal of Headache and Pain.
Investigators from the United States and Canada assessed the use of medical cannabis and prescription drugs in a cohort of over 2,000 Canadian patients licensed to access marijuana products. Among those patients with a primary diagnosis of chronic pain, 73 percent reported substituting cannabis in place of opioids. Among those patients diagnosed specifically with ....
Study: CBD Induces Fast and Sustained Antidepressant-Like Effect
The findings of a new study published in the journal Molecular Neurobiology support a promising therapeutic profile for CBD as a new fast-acting antidepressant drug.
Currently available antidepressants have a substantial time lag to induce therapeutic response and a relatively low efficacy, states the studys researchers, noting that The development of drugs that addresses these limitations is critical to improving public health.
Cannabidiol CBD, a non-psychotomimetic component of Cannabis sativa, is a promising compound since it shows large-spectrum therapeutic potential in preclinical models and humans. However, its antidepressant properties have not been completely investigated. Therefore, the aims of this study were to investigate i....
California Senate Approves Bill to Establish Marijuana Banks and Credit Unions
Legislation that would allow for the creation of a special class of state-chartered banks and credit unions that could service Californias legal marijuana industry has been passed by the full Senate.
The status quo for our growing legal cannabis industry is unsustainable, says SenatorRobert Hertzberg D, who filed Senate Bill 930. Its not only impractical from an accounting perspective, but it also presents a tremendous public safety problem. This bill takes a limited approach to provide all parties with a safe and reliable way to move forward on this urgent issue.
The measure was approved by the full Senate yesterday in a 29 to 6 vote. The vote sends the bill to the House of Representatives, where passage would send it to the desk of Governor Jerry Brown.
Oregon to pause accepting marijuana license applications
FILE - In this May 25, 2016, file photo, Oregon Liquor Control Commission member Marvin Revoal, left, moves an artificial marijuana plant during a hearing at the OLCC in Portland, Ore. Faced with a backlog of applications for recreational marijuana licenses, the Oregon Liquor Control Commission says it will set aside any applications received after June 15, 2018, until the pileup is cleared. (image:Andrew Selsky, File/Associated Press)
Faced with a backlog of applications for recreational marijuana licenses, the Oregon Liquor Control Commission says it will set aside any applications received after June 15 until the pileup is cleared.
The commission says it has issued almost 1,900 recreational marijuana licenses since April 2016 as well as almost 29,000 marijuana worker permits.
The agency says the pace of application submissions has not eased, causing the review process to lengthen.
To power through the backlog, the agency says it will temporarily shift employees to focus on renewals and applications ....
Canada Senate Committee Approves Marijuana Legalization Bill
Legislation to legalize marijuana, which has already been passed by Canadas House of Commons, has been given approval by a key Senate committee.
The Senate committee passed 40 amendments Monday to Bill C-45, including one that would allow provinces and territories to ban homegrown marijuana. Most of the other amendments were technical in nature and didnt fundamentally change the measure 29 of the 40 were actually introduced by the bills primary sponsor.
Bill C-45 was passed by the House of Commons in November by a vote of 200 to 82. In March the Senate voted 44 to 29 to pass it through its 2nd reading. The measure must now be passed through a third reading in the Senate before it can be sent to the Governor General....
Californias legal marijuana businesses blow whistle on unlicensed operators
A number of permit-holding marijuana retailers in California view unlicensed competitors as serious threats.
While fully compliant cannabis retailers across the Golden State are being forced to pass high tax rates on to their customers, some brazen unlicensed dispensaries advertise that they dont pay state or local taxes, meaning their marijuana is far cheaper than prices at law-abiding shops.
The disparity has led licensed retailers to file complaints with the California Bureau of Cannabis Control about many of those unlicensed competitors, plenty of whom were identified....
Judge Rules Floridas Ban on Smoking Medical Cannabis is Unconstitutional
A Circuit Court judge in Florida has ruled that the states ban on smoking medical cannabis enacted by the legislature is unconstitutional.
In 2016 Florida voters overwhelmingly passed an initiative that legalized medical cannabis through a constitutional amendment. The law allowed marijuana to be consumed through various methods, including smoking it. However, the following year the legislature enacted a ban on smoking medical cannabis, requiring patients to consume it through other means such as tincutres and topicals.
People United for Medical Marijuana and two patients challenged this ban in court, arguing that the amendments language only mentions smoking in public, meaning that patients should be allowed....
Marijuana Legalization Bill Filed in North Carolina
Legislation that would legalize recreational marijuana has been filed in North Carolinas House of Representatives
Filed by Representative Kelly Alexander Jr. D, House Bill 944 would allow those 21 and older to legally possess up to four ounces of marijuana for personal use. The bill would raise the threshold for felony possession from 1.5 ounces to 16 ounces; possessing over four ounces, but less than 16, would be a misdemeanor.
In addition, the measure would also allow those convicted of possessing up to four ounces of marijuana before the law would take effect to petition the court to have the charge expunged removed from their criminal record.....
Exclusive: US marijuana sales may reach $10 billion this year, $22 billion by 2022
Eli McVey, John Schroyer and Jenel Stelton-Holtmeier
Retail sales of medical and recreational cannabis in the United States are expected to hit $8 billion-$10 billion this year a nearly 50 percent increase from 2017 and rise as high as $22 billion by 2022.
Thats according to exclusive projections from the 2018 edition of the Marijuana Business Factbook released Wednesday at the start of MJBizConNEXT in New Orleans.
The anticipated explosive industry growth is a backdrop for MJBizConNEXT, which is hosted by Marijuana Business Daily. The industry conference is expected to draw 3,000 marijuana professionals and 280-plus exhi....
Welcome to the latest edition of NORMLs Weekly Legislative Roundup
Lets talk about some new state-level developments. The Maine House of Representatives and Senate overrode Gov. Paul LePages R veto of marijuana legalization implementation legislation this week. The enactment of the legislation establishes a framework for the retail sale of marijuana to adults, but also amends numerous provisions of the 2016 voter-approved measure including those specific to home grow limits and taxation.
The New Approach Missouri medical cannabis campaign submitted 372,483 petition signa....
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