Marijuana Moment: Cannabis biz could list on stock exchanges under new congressional bill (Newsletter: March 20, 2026)

[Tokeativity]

THC in Medicare CBD coverage plan; Marijuana bills on VA gov’s desk; IA psilocybin; Study: Cannabis safer than alcohol & tobacco

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/ TOP THINGS TO KNOW

The Centers for Medicare & Medicaid Services will reportedly allow up to 3 milligrams of THC in CBD products being covered under a forthcoming insurance pilot program—which could conflict with a law recently signed by President Donald Trump to recriminalize hemp products containing more than 0.4 milligrams of THC per container.

Reps. Guy Reschenthaler (R-PA) and Troy Carter (D-LA) filed a bipartisan bill that would let state-legal marijuana businesses list on stock exchanges like Nasdaq and NYSE—and more broadly shield companies from being punished for providing financial, accounting, insurance, advertising or other services to the cannabis industry.

Virginia Gov. Abigail Spanberger (D) has until April 13 to decide whether to sign, veto or propose amendments to several marijuana bills—including ones to legalize recreational sales, resentence past convictions, protect consumers’ parental rights and allow medical cannabis in hospitals.

The Iowa Senate Health and Human Services Committee approved a House-passed bill to create a psilocybin therapy program for people with PTSD, with amendments.

A new government-funded study concludes that alcohol and tobacco are more harmful to users and to society than marijuana is—and that the biggest harm associated with cannabis is “organized criminal activity” in the illegal market.

• “Alcohol causes the most harm overall…followed by tobacco, nonprescription opioids (like fentanyl), cocaine, methamphetamine, and cannabis.”

/ FEDERAL

The U.S. Army is punishing a reserve officer over his ownership of  a state-licensed marijuana business in New York.

The Drug Enforcement Administration filed technical amendments to a rule concerning changes to the order form for Schedule I and II controlled substances.

Sens. Pete Ricketts (R-NE) and Richard Blumenthal (D-CT) led a letter urging the Food and Drug Administration to schedule kratom and 7-OH.

/ STATES

Nevada Gov. Joe Lombardo (D) appointed the executive director of the Cannabis Compliance Board as the new director of the Governor’s Office of Energy.

Mississippi lawmakers sent Gov. Tate Reeves (R) bills to expand medical cannabis access and to support clinical trials on ibogaine.

The Connecticut legislature’s General Law Committee approved a bill to increase THC potency limits in cannabis products.

A Georgia representative filed a resolution urging that the state reschedule marijuana.

A New York court ruled that state marijuana regulations are not preempted by federal law.

A federal judge rejected Oregon regulators’ motion for a favorable judgement in a lawsuit challenging the state’s restrictions on psilocybin services access for homebound patients.

Arizona regulators announced a recall of marijuana products due to possible contamination with aspergillus.

Oklahoma regulators announced a recall of medical cannabis products over testing inaccuracies.

Massachusetts regulators held a hearing on a proposal to freeze marijuana cultivation licenses.

Michigan regulators published guidance on the state’s new marijuana wholesale tax.

Nevada Cannabis Advisory Commission subcommittees will meet on Tuesday.

—
Marijuana Moment is tracking hundreds of 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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/ INTERNATIONAL

Isle of Man officials awarded the territory’s first medical cannabis business license.

/ SCIENCE & HEALTH

A study found that “breath is an alternative, non-invasive sample matrix that holds promise for identifying recent cannabis use.”

A study found that “the regular cannabis use group showed no significant impairment in driving performance 12-15 hours after last cannabis use the night before, compared to the control group.”

/ ADVOCACY, OPINION & ANALYSIS

Americans for Safe Access published a report on medical cannabis patients’ access to organ transplants.

/ BUSINESS

Jushi Holdings Inc. and a former chief operations officer settled a lawsuit in which he claimed he was fired in retaliation for complying with safety standards.

Michigan retailers sold $234.6 million worth of legal marijuana products in February.

/ CULTURE

Rapper Afroman won a defamation lawsuit filed by Ohio police who sued him over music videos in which he used home security footage to mock their marijuana raid of his home.

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