“We recognize banking access is only one part of the problem facing minority cannabis businesses today. But let’s start somewhere and get done now what we can.” By Frederika McClary Easley, The People’s Ecosystem In February, the U.S. House of Representatives for a sixth time passed the Secure and... Read more
Nearly a quarter of the members of the U.S. Senate are joining together to call on congressional leaders to ensure that marijuana banking provisions are enacted into law as part of a large-scale manufacturing bill. The 24 senators—including 19 Democrats and five Republicans—wrote in a letter that the Secure... Read more
Several congressional lawmakers pressed a top federal drug official on Wednesday about their concerns over marijuana legalization, though they seemed to signal that they view the reform as inevitable. Members of the House Appropriations subcommittee for the Departments of Labor, Health and Human Services, Education, and Related Agencies directed... Read more
An effort by a South Carolina senator to resurrect legislation to legalize medical marijuana was unsuccessful on Wednesday. Sen. Tom Davis’s (R) move to add the main provisions of his bill to legalize medical marijuana to largely unrelated legislation was ruled not germane by Senate leadership, a move that... Read more
A Delaware Senate committee on Wednesday approved a House-passed bill to legalize marijuana possession and sharing for adults 21 and older—a move that comes one day after a complementary measure to set up rules for an adult-use market advanced out of a second committee in the House and now... Read more
Colorado activists have wasted no time working to place competing initiatives to legalize psychedelics on the state’s November ballot, with one campaign saying that it’s already collected nearly half of the required signatures needed to qualify its measure. Natural Medicine Colorado, a campaign backed by the national New Approach... Read more
Sens. Brian Schatz (D-HI) and Cory Booker (D-NJ) are pushing top federal officials to provide an update on research into the therapeutic potential of psychedelics, arguing that ongoing federal prohibition has stymied studies. In a letter sent to the heads of the National Institutes on Health (NIH) and Food... Read more
The Internal Revenue Service’s (IRS) Taxpayer Advocate is reminding people of the unique financial challenges that state-legal marijuana businesses face under federal prohibition. In a blog post published on Tuesday, the independent agency under IRS explained that cannabis companies are still obligated to pay federal taxes—but they’re barred from... Read more
So far this calendar year, more than $458 million of marijuana has been sold in Colorado. By Robert Davis | The Center Square Marijuana sales in Colorado rebounded slightly to $162 million in March, according to the latest data from the Colorado Department of Revenue (CDOR). The sales total... Read more
A New York Assembly committee on Tuesday advanced a bill to establish a statewide safe consumption site program, allowing regulators to authorize facilities where people could use currently illicit drugs in a medically supervised environment. The legislation from Assemblywoman Linda Rosenthal (D) was reported out of the Assembly Health... Read more
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