First federal cannabis bill of new Congress filed (Newsletter: January 22, 2021) - Grow Life 420

First federal cannabis bill of new Congress filed (Newsletter: January 22, 2021)

January 22, 2021

#KahliBuds #MMJ #CBD #THC

CT gov’s draft legal marijuana bill; Poll: TX adults say legalize cannabis to fund schools; IL uses marijuana-funded grants to repair drug war harms

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/ TOP THINGS TO KNOW

Rep. Greg Steube (R-FL) filed the first federal marijuana reform bill of the new Congress. It would simply move cannabis from Schedule I to Schedule III, which would not end prohibition but would have a number of other effects.

Connecticut Gov. Ned Lamont (D) is circulating a draft marijuana legalization bill for feedback.

A new poll found that 64% of Texans support legalizing and taxing marijuana to fund schools. That’s more than those who want to increase the sales tax, put a new tax on sugary drinks or raise taxes on corporations, hotel occupancy or motor vehicles.

The Illinois Criminal Justice Information Authority announced $31.5 million in grant awards funded by marijuana tax revenue to aid communities harmed by the war on drugs. One NAACP branch got $1.8 million. Branches of the Urban league, United Way and YMCA are also getting  cannabis funds.

/ FEDERAL

The U.S. Department of Agriculture said state-licensed hemp businesses are eligible for its Rural Business Development Grant Programs.

No members of the Senate Finance Committee asked Janet Yellen, treasury secretary nominee, questions about marijuana banking or tax issues during her confirmation hearing or in written queries for the record.

/ STATES

California Gov. Gavin Newsom (D) signed an executive order extending the validity of medical cannabis cards through the coronavirus pandemic. Separately, he tweeted about Jay-Z’s fund for minority-owned marijuana businesses, saying, “I led the effort to decriminalize & legalize cannabis because the war on drugs has been an abject failure—with disproportionate & devastating impacts on communities of color. These are the types of entrepreneurial opportunities we dreamed of—thanks Jay-Z!”

South Dakota Gov. Kristi Noem (R) said her administration is working to prepare to implement marijuana legalization if litigation she is backing to overturn the voter-approved measure is not successful.

Massachusetts Gov. Charlie Baker’s (R) latest coronavirus order allows marijuana businesses to stay open after 9:30 PM.

Nebraska Gov. Pete Ricketts (R) tweeted about a study linking marijuana use by young people with mood disorders to an increased risk of self-harm, suicide attempts and death.

Pennsylvania’s lieutenant governor posted on Facebook, “For decades, we’ve criminalized a plant + people who consumed it. What a bizarre, destructive superstition. Legal Weed for USA. πŸ‡ΊπŸ‡Έ

The North Dakota House of Representative approved a bill to tie the state’s definition of hemp to federal law.

New Mexico lawmakers spoke about the details of marijuana legalization bills they plan to file soon.

A protest against Georgia’s medical cannabis production license request for proposals from Trulieve GA Inc. has been withdrawn, and applications are now due on Wednesday.

Michigan regulators began hemp sampling.

Florida lawmakers filed legislation to protect public employees from being fired for medical cannabis use.

A Maryland delegate tweeted about a bill she is sponsoring that “will allow medical marijuana businesses to obtain state tax benefits for their business expenses — a standard benefit for businesses in every other industry. We must have equitable financial conditions in place for these businesses to thrive!”

Nevada regulators will consider marijuana business issues on Tuesday.


Marijuana Moment is already tracking more than 300 cannabis, psychedelics and drug policy bills in state legislatures and Congress this year. Patreon supporters pledging at least $25/month get access to our interactive maps, charts and hearing calendar so they don’t miss any developments.

Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.

/ LOCAL

The Prairie Village, Kansas City Council is considering a marijuana decriminalization proposal.

San Francisco, California officials sent an update on the timeline for cannabis permanent permit applications.

/ INTERNATIONAL

Ireland’s Department of Health said the country’s medical cannabis access program will launch this year.

/ SCIENCE & HEALTH

A study found that “medical marijuana patients were positive about the health benefits they received and the fact they were able to reduce or eliminate many prescription medications; however, there were concerns about the costs.”

A study concluded that “the way people experience mystical occasions due to psychedelic use have archetypical patterns, but culturally specific storylines.”

/ ADVOCACY, OPINION & ANALYSIS

The Sacramento Bee editorial board is pushing California officials to do a better job expunging past marijuana convictions.

/ BUSINESS

Aurora Cannabis Inc. entered into a deal to sell 12 million units of the company for gross proceeds of approximately $125 million.

Harborside Inc. announced that a lawsuit alleging it committed securities violations has been voluntarily dismissed.

Verano Holdings, LLC completed a concurrent brokered and non-brokered private placement financing of subscription receipts worth $100 million.

Auxly Cannabis Group Inc. announced that a previously announced deal to sell units has been upsized to C$17.5 million.

Wesana Health closed a $4 million convertible note financing round.

Wurk founder and CEO Keegan Peterson died.

/ CULTURE

Jay-Z started a $10 million fund to invest in minority-owned cannabis startups.

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Photo courtesy of Chris Wallis // Side Pocket Images.

The post First federal cannabis bill of new Congress filed (Newsletter: January 22, 2021) appeared first on Marijuana Moment.



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Tom Angell, KahliBuds, 420GrowLife

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