Marijuana Moment: Cannabis banking setback in Congress (Newsletter: June 14, 2024)

[Tokeativity]

NH legal cannabis bill dead; Schumer cannabis survey; AMA backs drug decrim; DEA psilocybin lawsuits; PA legalization; Congressman’s psychedelics oped

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/ TOP THINGS TO KNOW

The New Hampshire House of Representatives voted to table a compromise marijuana legalization bill that the Senate had approved earlier on Thursday, effectively killing the measure and preventing the state from becoming the 25th in the U.S. to legalize cannabis.

The House Appropriations Committee voted to remove marijuana banking provisions from a funding bill, with Rep. Dave Joyce (R-OH) saying he hopes to pursue the reform separately.

Senate Majority Leader Chuck Schumer (D-NY) sent a survey asking if Democrats should focus on marijuana or other priorities as the November election approaches.

The American Medical Association is endorsing drug decriminalization, adopting a resolution calling for the “elimination of criminal penalties for drug possession for personal use as part of a larger set of related public health and legal reforms.”

Pennsylvania lawmakers held a rally to step up the push for marijuana legalization, with several noting that any cannabis bill needs to center social equity in order to pass.

• It’s going to be “really hard to get 102 votes in the House” with any bill primarily favoring “wealthy people” who “play around the margins.”

Lawsuits challenging the Drug Enforcement Administration’s refusal to reschedule psilocybin and grant therapeutic access for cancer patients are advancing toward next steps in federal court, with one case heading to oral arguments and another entering mediation over legal fees.

Rep. Morgan Luttrell (R-TX) argues in a new Marijuana Moment op-ed that a Food and Drug Administration panel’s rejection of MDMA-assisted therapy “delays access to potentially life-saving treatments for veterans.”

• “I can personally attest to the benefits in treating PTS and other cognitive issues through the use of psychedelic substances.”

The Arkansas Alcoholic Beverage Control (ABC) Division voted to uphold the revocation of a medical cannabis business’s license over various violations, including selling expired products, having an “unsanitary” processing area and failure to maintain a comprehensive inventory.

/ FEDERAL

The Drug Enforcement Administration posted a prohibitionist organization’s analysis of a study purporting to show that “daily marijuana users aged 18-34 were nearly twice as likely as their peers to exhibit violent behavior.”

The National Institute of Justice will host an event about a quantitative analysis method for THC isomers on June 25.

Rep. Morgan Griffith (R-VA) spoke at an event hosted by the Coalition for Cannabis Policy, Education, and Regulation.

/ STATES

Texas’s agriculture commissioner attended the grand opening of a hemp processing plant.

Alaska’s Senate president said lawmakers ran out of time to pass a marijuana tax reform bill this session.

New York senators are calling for an investigation into the state’s loan program for cannabis businesses.

An Ohio representative said some changes to the state’s marijuana legalization law are needed but he opposes limiting home cultivation rights.

North Dakota regulators filed changes to hemp rules.

California regulators sent an update about new marijuana packaging, labeling, advertising and marketing requirements taking effect on July 1.

Washington State regulators are asking a federal appeals court to reject a lawsuit challenging the state’s cannabis social equity rules.

Minnesota officials will soon begin accepting applications for a cannabis industry employee training grants program.

Oregon regulators will hold a hearing on a proposal to allow a limited extension of time for marijuana businesses to comply with new tax rules on Monday.

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Marijuana Moment is tracking more than 1,500 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.
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/ LOCAL

New York City officials are being sued over efforts to close unlicensed marijuana businesses.

The Minneapolis, Minnesota Planning Commission is considering recommendations for cannabis business rules.

Cook County, Illinois officials extended the application window for a cannabis development grant program.

/ INTERNATIONAL

A New South Wales, Australia lawmaker is calling for legalization of cocaine.

/ SCIENCE & HEALTH

A review concluded that “cannabidiol demonstrated potential in treating and preventing different conditions, such as glaucoma, atopic dermatitis, epidermolysis bullosa, and pyoderma gangrenosum.”

/ ADVOCACY, OPINION & ANALYSIS

The South Dakota Republican Party and Catholic bishops are opposing the marijuana legalization initiative on the November ballot.

/ BUSINESS

High Tide Inc. reported quarterly revenue of C$124.3 million.

POSaBIT Systems Corporation reported quarterly revenue of $3.8 million and a loss of $1.9 million.

Trulieve was fined $350,000 by Massachusetts regulators in connection with the death of an employee who collapsed at a cultivation and processing facility after having trouble breathing.

Colorado retailers sold $120.2 million worth of legal marijuana products in April.

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Photo courtesy of Mike Latimer.

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