A California Senate-passed bill to legalize the possession and facilitated use of certain psychedelics is officially heading to the Assembly floor after being approved by a third committee in the chamber, albeit with several substantive amendments. The Assembly Appropriations Committee also cleared a separate Senate-passed measure on Friday that... Read more
Legislation introduced on Friday by a North Carolina congressman seeks to slash a portion of federal funding to individual U.S. states as well as Native tribes that legalize marijuana. The so-called Stop Pot Act, sponsored by U.S. Rep. Chuck Edwards (R-NC), would withhold 10 percent of federal highway funding... Read more
As we described in a previous article, the Global Cannabis Stock Index rallied for the second consecutive month on a huge late-month surge. That index is now down down 6.4% year-to-date, which has followed a record decline of 70.4% for 2022. In this article, we summarize the performance of the other managed indices... Read more
Senate Majority Leader Chuck Schumer (D-NY) says that passing a marijuana banking bill is one of his legislative priorities for the remainder of the year as Congress is set to return from the August recess—but he’s “under no illusion” that the cannabis reform and other wins can be achieved... Read more
Congressional lawmakers might be encouraged by news that the top U.S. health agency is recommending marijuana rescheduling—but some like Sens. Elizabeth Warren (D-MA) and John Hickenlooper (D-CO) are also stressing that this is just a “step” in the right direction as they pursue legalization. Scores of legislators, including Republican... Read more
