Marijuana Businesses Could Be Listed On Stock Exchanges And Access Financial Services Under New Bipartisan Bill
State-legal marijuana businesses would be able to be listed on national stock exchanges and access key financial services under a bipartisan congressional bill that was filed on Thursday. The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act is being sponsored by Reps. Troy Carter (D-LA) and Guy Reschenthaler (R-PA). While a main thrust of […]
Maine’s Legal Marijuana Stores Are Effectively Displacing Illicit Market, State Report Finds
Maine marijuana regulators say that the launch of an adult-use cannabis market in the state has already exceeded expectations when it comes to driving down illicit sales. The Office of Cannabis Policy (OCP) released a report on Monday, based on a first-ever survey of about 2,000 residents. Among its key takeaways is that providing adults […]
More Than 6 In 10 Missouri Adults Support Legalizing Cannabis As Initiative Heads Toward Ballot, New Poll Says – Marijuana Moment
With cannabis legalization on track to be on Missouri’s November ballot, a newly released poll indicates strong support in the state. Of those surveyed, 62 percent said they support legalizing marijuana, while 25 percent said the drug should remain illegal. Another 13 percent said they weren’t sure. Support for legalization was strong across party lines. […]
Kentucky Governor Wants To Let Farmers Sell Marijuana To Other States
The governor of Kentucky says medical marijuana is “the future,” and part of that future should involve letting farmers grow cannabis to sell to other states. Gov. Andy Beshear (D) talked about how legalizing medical marijuana is a priority for him in the coming legislative session during an interview with 44 News that aired on […]
Schumer Wants To Keep ‘Big Boys’ Out Of Marijuana Industry And Says Legalization Bill Is Passable
Senate Majority Leader Chuck Schumer (D-NY) wants to keep the “big boys” out of the marijuana industry in favor of creating opportunities for smaller operators when cannabis is federally legalized, and he says that his upcoming bill would accomplish that. In a conversation between Schumer and New York’s top state cannabis regulator that was hosted […]
Who Support Marijuana Legalization? Republicans, Comedians, Texans Join Lobby
What do Texans, a Republican congresswoman from South Carolina and comedian Sarah Silverman have in common? They’re all spearheading new efforts to legalize marijuana — and their push is reshaping the otherwise lackluster political prospects for U.S. cannabis companies. The office of Representative Nancy Mace of South Carolina, who is leading a draft legislation for a Republican cannabis bill, has so far declined to comment […]
Two Dozen Governors Call On Congress To Pass Marijuana Banking Reform Through Defense Bill
A bipartisan coalition of two dozen governors is urging congressional leaders to finally enact marijuana banking reform through large-scale defense legislation. In a letter sent to top lawmakers in the House and Senate on Tuesday, the state officials said the Secure and Fair Enforcement (SAFE) Banking Act should be attached to the must-pass National Defense […]
High-THC Pot Gummies Are Getting a Boost From Mitch McConnell
Months after U.S. states scrambled to close a loophole that allowed psychoactive cannabis to be sold in gas stations across the U.S., even where marijuana is illegal, a second loophole is being exploited. Here it is in a nutshell, according to Jim Higdon, the founder of Cornbread Hemp: The 2018 U.S. farm bill that legalized hemp, introduced by Senator Mitch McConnell, […]
Republican-Led Bill To Legalize And Tax Marijuana Emerges As Alternative To Democratic Measures
A new Republican-led congressional marijuana legalization bill is imminent, Marijuana Moment has learned. The measure is being framed by advocates as a compromise between simple descheduling as proposed by other GOP lawmakers and wide-ranging comprehensive legislation that Democratic leaders are championing. Marijuana Moment obtained text of the draft legislation, which is being led by Rep. […]
Biden Administration Can Legalize Marijuana Without Waiting For Lawmakers, Congressional Researchers Say
President Joe Biden can grant mass amnesty to people who have violated federal marijuana laws, congressional researchers said in a new report, adding that his administration can also move to federally legalize cannabis without waiting for lawmakers to act. The new analysis published by the Congressional Research Service (CRS) on Tuesday examines the question: “Does […]