Jan 24 2024
Recent federal disclosure filings show that in Q4, 2023 online payment giant PayPal lobbied in favor of the SAFER Banking Act. The SAFER Banking Act (S.2860) would provide federal protections to banks and other financial institutions that decide to provide services to marijuana businesses that are legal under their state’s law. The measure is currently …
Jan 24 2024
Legislation to legalize the medical use of psilocybin mushrooms has been filed in Hawaii’s Senate. Senate Bill 3019 was filed today by Senator Chris Lee. The measure would legalize the possession and use of psilocybin by those with a qualifying medical condition who receives a recommendation from a licensed physician. Qualifying conditions include:
Jan 24 2024
Amazon has reported lobbying lawmakers in support of two different bills that would deschedule marijuana. According to recent federal lobbying disclosures, Amazon has reported paying lobbyists to support issues related to “cannabis reform, including the States Reform Act (H.R. 5977) and the Cannabis Administration & Opportunity Act (S. 4591).” The disclosures cover Q4, 2023, which …
Jan 24 2024
Legislation filed yesterday by Senator London Lamar (D) was “Passed on First Consideration” today in the Tennessee Senate. This procedural move allows the measure to advance to a second reading in the Senate. It must be passed through three readings before it can be sent to the state’s House of Representatives. The proposed law would …
Jan 23 2024
Legislation dedicating a 32% share of Washington’s cannabis excise tax revenue to counties and cities for hiring police and other “criminal justice purposes” has been advanced out of its initial Senate committee. The Senate Committee on Labor & Commerce voted yesterday to move Senate Bill 6272 to the Ways and Means Committee “without a recommendation”. …
Jan 23 2024
The United States Department of Justice (DOJ) has officially filed a motion to dismiss a lawsuit challenging the government’s prohibition on marijuana. Yesterday we reported that the DOJ filed documents with the U.S. District Court for the District of Massachusetts declaring that it will be seeking to dismiss the lawsuit prior to the court-appointed deadline …
Jan 23 2024
The marijuana compound cannabidiol (CBD) showed strong antimicrobial effects in a newly published study. The study will be published in the upcoming issue of the journal Cannabis and Cannabinoid Research, with the abstract published online ahead of print by the US National Library of Medicine. The study is titled Antimicrobial Effect of Cannabidiol on Intracellular …
Jan 23 2024
The States Reform Act has received a new committee assignment, roughly three months after being filed. The States Reform Act (House Bill 6028) was filed by Representative Nancy Mace (R-SC) in October, cosponsored by Representatives Tom McClintock (R-CA), Matt Gaetz (R-FL), David Trone (D-MD) and Dean Phillips (D-MN). The latter is currently running against President …
Jan 23 2024
The global market for cannabis testing services is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.23% between 2023 and 2030, according to a new report. The report, conducted by Persistence Market Research, found the market to be worth $1.7 billion as of the end of 2023. The report anticipates the market …
Jan 23 2024
The National Association of State Departments of Agriculture (NASDA) is urging members of Congress to significantly increase the amount of THC allowed in legal hemp. In 2018 federal lawmakers legalized the cultivation of hemp throughout the United States via a provision in a federal farm bill. The provision states that hemp cannot contain more than …
