A Nebraska legislative committee has given preliminary approval to a bill that would tax hemp and CBD products in the state at a whopping 100 percent rate. The cannabis product tax hike is part of legislation designed to bring in more money to state coffers to offset property tax... Read more

The governor of Indiana has signed a bill that includes provisions to fund clinical research trials on the therapeutic benefits of psilocybin. Gov. Eric Holcomb (R) approved the legislation, which broadly focuses on health care issues, but which was amended to add the psychedelics language, last week. The reform... Read more

Senate Majority Leader Chuck Schumer (D-NY) is asking people to show their support for a marijuana banking bill by signing a petition as he steps up his push for the legislation. In a new email about the effort, he also reiterated his support for comprehensive federal cannabis legalization. With... Read more

A congressional committee met on Thursday to take up a series of bills, including two GOP-led veterans-focused measures concerning medical marijuana and psychedelics. The U.S. Department of Veterans Affairs (VA) is supporting the cannabis legislation if it undergoes “extensive amendments,” and it opposes the psychedelics measure, describing it as... Read more

Ongoing federal marijuana prohibition has created a “real problem” for banks amid the growing state legalization movement, a top Biden administration official says, adding that it would be “desirable” for Congress to pass reform legislation to address the issue. At a House Appropriations Financial Services And General Government Subcommittee... Read more