New cannabis banking hearing witnesses named (Newsletter: May 11, 2023)
Colombian legalization vote; FL marijuana ballot signatures; WA gov signs psilocybin bill; AZ psychedelics in budget; MN conference committee; RI ads
Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day.
Your support makes Marijuana Moment possible…
Free to read (but not free to produce)! We’re proud of our newsletter and the reporting we publish at Marijuana Moment, and we’re happy to provide it for free. But it takes a lot of work and resources to make this happen.
If you value Marijuana Moment, invest in our success on Patreon so we can expand our coverage and more readers can benefit: https://www.patreon.com/marijuanamoment
/ TOP THINGS TO KNOW
The U.S. Senate Banking Committee named additional witnesses for Thursday’s marijuana banking hearing.
Colombia’s Chamber of Representatives approved a marijuana legalization bill. The measure just needs two more votes in the Senate, where it already initially passed last year, in order to be enacted.
A Florida marijuana legalization campaign funded by Trulieve has now collected more than enough signatures to qualify for the 2024 ballot, the company says.
Washington State Gov. Jay Inslee (D) signed a bill creating a therapeutic psilocybin access pilot program, while vetoing sections of the legislation he said “no longer align with the bill’s intent.”
The Arizona legislature is on the verge of sending Gov. Katie Hobbs (D) budget bills that include provisions to fund research into the medical potential of psilocybin mushrooms for a variety of conditions.
Minnesota House and Senate negotiators will hold the first conference committee meeting on Friday to reconcile the differences between the marijuana legalization bills passed by each chamber.
Top New Hampshire senators are signaling that a House-passed marijuana legalization bill will fail in a scheduled floor vote on Thursday.
The Rhode Island House of Representatives unanimously passed a bill to allow marijuana businesses to advertise their products.
The Missouri legislature’s Joint Committee on Administrative Rules held a hearing on proposed marijuana regulations changes—including provisions on packaging and video surveillance that are opposed by industry representatives.
The Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies held a hearing on President Joe Biden’s budget request for the Drug Enforcement Administration.
Sen. Jeff Merkley (D-OR) tweeted, “Legal cannabis businesses are forced to operate in all-cash—leaving them vulnerable to armed robbery and money laundering. We have a path to get SAFE Banking passed this year, and I will work to get it to the finish line.” He also tweeted, “We have bipartisan support for the SAFE Banking Act, and we have a path to get this bill to the Senate floor. Let’s get this done!”
Sen. John Kennedy (R-LA) claimed in a Senate floor speech that marijuana is being laced with fentanyl for “more kick” and so that “drug dealers make more money.”
Rep. James McGovern (D-MA) hosted a listening session with marijuana businesses.
Rep. Mike Garcia (R-CA) posted information about how people can submit tips on illegal marijuana cultivation to Los Angeles County, California police.
The House marijuana banking bill got 10 new cosponsors for a total of 19.
Nevada Gov. Joe Lombardo (R) recognized the efforts of cannabis regulatory inspectors.
The Connecticut House of Representatives passed a bill to restrict the sales of hemp-derived cannabinoid products.
The Texas House of Representatives initially approved, and then rejected, a bill to repeal the ban on the production of smokable hemp products.
A Guam representative filed a bill to remove marijuana from pre-employment testing for people applying for government jobs.
Illinois representatives spoke about a bill to allow safe consumption sites for illegal drugs.
A Maine representative discussed the benefits of legalizing safe consumption sites for illegal drugs.
Colorado regulators issued a health and safety advisory about potentially unsafe levels of yeast, mold and Aspergillus in marijuana products. Separately, regulators are launching an underage cannabis sales dashboard.
Washington State regulators withdrew emergency rules that temporarily extended the timeframe for marijuana social equity applications.
New York regulators will consider revised marijuana rules on Thursday.
Marijuana Moment is tracking more than 1,000 cannabis, psychedelics and drug policy bills in state legislatures and Congress this year. Patreon supporters pledging at least $25/month get access to our interactive maps, charts and hearing calendar so they don’t miss any developments.
Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.
The Kenosha, Wisconsin Common Council’s Public Safety and Welfare Committee approved a proposal to reduce marijuana possession fines.
The Spokane, Washington City Council approved a measure to locally criminalize drug possession.
A San Francisco, California supervisor who is running for mayor is proposing a moratorium on new marijuana dispensaries.
A leaked draft of the German government’s bill to enact the first phase of its marijuana legalization plan is circulating.
The Bahamian attorney general said the government is waiting for the minister of health to sign off on proposed marijuana legislation before it can be considered by the full cabinet.
/ SCIENCE & HEALTH
A study demonstrated that “CBD has anti-inflammatory properties and exhibits significant therapeutic potential against HIV-1 infections and neuroinflammation.”
A study found that “there was a reduction in the absolute arrest disparity for cannabis-related possession arrests following decriminalization and legalization in both D.C and L.A.” but that there was an “emergence of arrests for public consumption.”
/ ADVOCACY, OPINION & ANALYSIS
The Cannabis Regulators Association sent a letter to Senate Banking Committee leaders about pending marijuana banking legislation.
The Wall Street Journal editorial board is concerned about the possibility of drug decriminalization in Washington State.
Trulieve Cannabis Corp. reported quarterly net revenue of $289.1. Million and a net loss of $65.6 million.
Verano Holdings Corp. reported quarterly net revenue of $227.1 million and a net loss attributable to the company and its subsidiaries of $9.2 million.
Würk has a new CEO.
Connecticut retailers sold $21.6 million worth of legal marijuana products in April.
MMA fighter Nate Diaz will be subject to marijuana testing for a boxing match against Jake Paul in Texas in August.
Make sure to subscribe to get Marijuana Moment’s daily dispatch in your inbox.