Cannabis Technology



House Will Vote To End Federal Marijuana Prohibition Within ‘Weeks,’ Key Chairman Says

House Will Vote To End Federal Marijuana Prohibition Within ‘Weeks,’ Key Chairman Says

The chair of a critical House committee said on Wednesday that his panel and the larger body will take up legislation to protect states with legal marijuana from federal intervention “in a relatively short time, within the next several weeks, and I think we will have a very strong vote.”“We will guide it to the House floor for a vote, which I think it will pass with an overwhelming vote—Democrats and I think a lot of Republicans as well,” said Rep. Jim McGovern (D-MA), whose Rules Committee decides how legislation is handled on the chamber’s floor. “If we have a strong bipartisan vote that will increase the pressure on the Senate to do something.”
FDA Chief Clarifies Enforcement Priorities For CBD Products

FDA Chief Clarifies Enforcement Priorities For CBD Products

At his final hearing before a Senate appropriations subcommittee on Thursday, outgoing Food and Drug Administration (FDA) Commissioner Scott Gottlieb was again pressed on the agency’s plan to regulate hemp-derived CBD products.Sen. Patrick Leahy (D-VT) voiced concerns about the “significant regulatory and enforcement uncertainty” surrounding marketing CBD, which has been raised at several hearings since industrial hemp and its derivatives were federally legalized under the 2018 Farm Bill. The senator asked Gottlieb how he thinks the FDA should use discretion in its enforcement efforts.
Marijuana banking bill picks up momentum

Marijuana banking bill picks up momentum

Lawmakers are poised to send a bill to the House floor that would allow banks to provide services to legal marijuana businesses.The House Financial Services Committee is slated to vote on the measure Wednesday, in what is seen as a turning point for industry groups who have long pushed for the legislation.Similar legislation was first introduced six years ago, but in recent months the idea has gained bipartisan support and the backing of heavy hitters on K Street and in the business world who see it as essential to bringing a growing industry into the financial mainstream.
After rebuke, top Democrats vow not to give up on marijuana legalization

After rebuke, top Democrats vow not to give up on marijuana legalization

TRENTON — In the face of a major legislative defeat, New Jersey’s top three elected officials displayed a surprising show of unity Monday after the collapse of a planned vote on a bill to legalize recreational marijuana, declaring “we’re absolutely going to win the war at the end of the day.”During a late afternoon press conference, Gov. Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin pledged to take another pass at advancing a package of bills that would not only legalize recreational cannabis, but also expand the state’s medical marijuana program and overhaul New Jersey’s criminal justice system.
You can’t own more than 3 pot shops, but these companies are testing the limit — and bragging about it

You can’t own more than 3 pot shops, but these companies are testing the limit — and bragging about it

Robert Leidy, scion of a wealthy Palm Beach family, struck a serious pose that night before officials in the small town of Athol.In a dark suit and tie, he fixed his gaze on a careful script. There was no mention of the deep-pocketed investors backing him or the fishing yacht his company, Sea Hunter Therapeutics, was named after. Leidy talked about his lofty mission: to help a nonprofit business grow marijuana in an old tool mill there, and sell the product at its stores to people suffering from illness.But in his focus on the healing qualities of marijuana, Leidy offered little about the company’s actual, larger ambition. Despite the high-minded speech that October night in 2017, Sea Hunter had largely taken over operations of the nonprofit, Herbology Group, as part of a much broader strategy to capitalize on the state’s new recreational pot market and become a dominant player in Massachusetts and beyond.
Federal Health Agency Blames Schedule I For ‘Slow’ Marijuana Research And Commits To Fund Studies

Federal Health Agency Blames Schedule I For ‘Slow’ Marijuana Research And Commits To Fund Studies

A federal health agency is blaming “slow” marijuana research progress on the drug’s restrictive Schedule I status but says it is committed to funding studies into how cannabis can help people manage pain in spite of budget cuts recently proposed by President Donald Trump.“A growing body of literature suggests that the cannabis plant has pain-relieving properties; however, as a schedule I substance with known psychoactive effects, research on the potential pain-relieving properties of cannabis has been slow,” the National Center for Complementary and Integrative Health (NCCIH) said in a budget justification document published on Wednesday.NCCIH supports studies into non-conventional medicines and therapies that can be used as an alternative or supplement to traditional treatments for a variety of conditions, but the president’s Fiscal Year 2020 budget would cut its funding by about $20 million, the agency said in the new overview.
Bill to Protect Banks That Work With the Cannabis Industry Gets a Vote in Congress Next Week

Bill to Protect Banks That Work With the Cannabis Industry Gets a Vote in Congress Next Week

The House Financial Services Committee will vote next Tuesday on a bipartisan bill that would protect banks that service businesses in the cannabis industry from being penalized by federal regulators.More than a quarter of the House is in support of the Secure and Fair Enforcement (SAFE) Banking Act. The bill was formally filed earlier this month. Its chief sponsors are Reps. Ed Perlmutter (D-Colo.), Denny Heck (D-Wash.), Steve Stivers (R-Ohio), and Warren Davidson (R-Ohio). There are 138 cosponsors of the bill, according to the Marijuana Moment.
Bipartisan bill shields federal workers from being fired for marijuana

Bipartisan bill shields federal workers from being fired for marijuana

Marijuana Moment is a wire service assembled by Tom Angell, a marijuana legalization activist and journalist covering marijuana reform nationwide. The views expressed by Angell or Marijuana Moment are neither endorsed by the Globe nor do they reflect the Globe’s views on any subject area.Federal agencies couldn’t fire employees in legalized states simply because they test positive for marijuana if a bipartisan bill that was introduced in Congress on Tuesday is enacted.The legislation, filed by Representatives Charlie Crist and Don Young, along with eight other cosponsors, is designed to provide protections for federal workers who consume cannabis in compliance with state law. Under current law, federal employees can be terminated — or not even hired in the first place — over marijuana, regardless of state law.
The marijuana industry looks like the fastest-growing job market in the country

The marijuana industry looks like the fastest-growing job market in the country

At a time when the rest of the labor market appears to be tightening up, the marijuana industry is just getting started when it comes to job creation, according to a recent report.Pot manufacturers and distributors, on both the recreational and medicinal sides, saw massive job creation in 2018, with 64,389 new positions added to the rolls. That brings to 211,000 the number of jobs directly related to the industry, part of a total of 296,000 in all related areas combined, industry site Leafly said in a report it compiled with Whitney Economics.
Congressional Bill Would Let VA Doctors Recommend Marijuana To Veterans

Congressional Bill Would Let VA Doctors Recommend Marijuana To Veterans

Doctors with the U.S. Department of Veterans Affairs (VA) would be able to recommend medical marijuana to military veterans under a new bill filed by Rep. Earl Blumenauer (D-OR) and a bipartisan list of cosponsors.The legislation is similar to bills that the congressman has continually introduced since the 113th Congress. The latest version has 12 initial cosponsors, while the previous interation ended the 115th Congress with 30 lawmakers signed on.The proposal, which was introduced in the House late last week, stipulates that the VA must authorize health care providers to issue “recommendations and opinions to veterans who are residents of States with State marijuana programs regarding the participation of veterans in such State marijuana programs,” according to text of the bill.
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