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Cannabis Reform

All articles tagged with #cannabis reform

politics1 year ago

"VP Harris and Rapper Fat Joe Lead Marijuana Reform Roundtable"

Vice President Kamala Harris will host a cannabis reform roundtable with rapper Fat Joe and Kentucky Gov. Andy Beshear as the Biden administration reviews marijuana's federal classification. The roundtable will include individuals who have been pardoned for marijuana-related convictions. Harris' stance on marijuana reform has evolved over the years, from overseeing marijuana convictions as a district attorney to calling for legalization in her 2019 book. President Biden has also expressed support for cannabis reform, including pardoning prior federal offenses for simple marijuana possession and initiating a review of marijuana's scheduling under federal law.

via CNN|
#biden-administration#cannabis-reform#fat-joe
politics2 years ago

Ohio Governor Collaborates with GOP Leadership to Amend Marijuana Legalization Law, Ensuring No 'Surprises' for Voters

Ohio Governor Mike DeWine met with GOP Senate and House leadership to discuss changes to a voter-approved marijuana legalization initiative. The proposed revisions would focus on mitigating youth consumption, reallocating tax revenue, and preventing impaired driving. DeWine emphasized the need to implement the changes before adult possession and cultivation become legal on December 7. Democratic lawmaker Rep. Casey Weinstein criticized Republicans for not acting on cannabis reform earlier and urged them to uphold the will of the voters. Prohibitionist organizations are seeking to undermine the newly approved law, while some Ohio lawmakers doubt the legislature will repeal the voter-passed legalization law.

via Marijuana Moment|
#cannabis-reform#gop#governor-mike-dewine
politics2 years ago

The Impact of Marijuana Legalization on Ohio: A Comprehensive Analysis

Senate Banking Committee Chairman Sherrod Brown, a Democrat from Ohio, revealed that he voted in favor of a ballot initiative to legalize marijuana in the state. Brown called it a "hard decision" but ultimately believed that legalization and regulation would promote safety for consumers. This comes after years of Brown declining to sponsor or cosponsor legalization legislation, and expressing concerns about earlier marijuana legalization measures. However, he has previously supported preventing federal intervention in state medical cannabis programs and has voiced support for legalizing medical cannabis and preserving states' rights. Recent polls suggest that the majority of Ohio voters may approve the legalization initiative.

via Marijuana Moment|
#cannabis-reform#marijuana-legalization#ohio
politics2 years ago

"Potential Rescheduling of Marijuana: Implications for the Cannabis Industry"

The U.S. Department of Health and Human Services has recommended downgrading marijuana from a Schedule 1 substance to Schedule 3, which would acknowledge its medical value and end the tax rule 280E that has burdened the cannabis industry. While this move would be a significant step toward federal marijuana policy reform, it would not fully resolve the contradictions in weed's legal status and would still be subject to federal enforcement. The proposal is seen as a compromise option, but some in the industry fear it could perpetuate the quasi-legal status of cannabis and potentially benefit the pharmaceutical industry.

via Slate|
#biden#cannabis-reform#marijuana-legalization
politics2 years ago

Federal Reform for Legal Marijuana Moves Forward

A committee hearing is expected to take place at the end of September for the bipartisan bill known as the SAFE Banking Act, which aims to expand banking services for legal marijuana businesses. The Senate Banking, Housing, and Urban Affairs Committee is anticipated to hold a markup session for the bill, with both Republicans and Democrats expressing support and confidence in its passage. The bill would allow legal marijuana businesses to use major financial institutions, addressing the current issue of banks facing federal prosecution for providing services to such businesses. While the fate of the bill in the House remains uncertain, there has been a growing shift among Republicans in support of federal marijuana reform.

via NBC News|
#bipartisan-bill#cannabis-reform#federal-marijuana-legalization
politics2 years ago

Schumer's Summer Agenda: Marijuana Banking Bill and Busy July Plans

Senate Majority Leader Chuck Schumer has identified passing a marijuana banking bill as a priority during the summer work session, but acknowledges that it will require GOP support to advance. In a letter to colleagues, Schumer outlined the focus on advancing must-pass appropriations and defense legislation, while also working with Republican colleagues on bipartisan bills. The Secure and Fair Enforcement (SAFE) Banking Act, which aims to safeguard cannabis banking, has already received a hearing in the Senate Banking Committee and may be taken up for a vote this month. Schumer did not mention attaching criminal justice provisions like expungements, which he has previously advocated for. The bill has enough Republican support to reach the 60-vote threshold needed for passage in the Senate.

via Marijuana Moment|
#cannabis-reform#chuck-schumer#gop-support
politics2 years ago

Senate Committee Expands Marijuana Banking Hearing with Additional Witnesses

The U.S. Senate Banking Committee has added new witnesses who will testify at a hearing on bipartisan marijuana banking bill this week. In addition to the top bipartisan sponsors of the Secure and Fair Enforcement (SAFE) Banking Act, an equity-focused cannabis reform activist, a union representative, a cannabis financial services company executive and a leading prohibitionist advocate will also share their perspective on the legislation and underlying financial services issues in the cannabis industry at Thursday’s hearing. Senators on both sides of the aisle have been pushing for urgent action on the standalone SAFE Banking Act, which would protect banks that work with state-legal cannabis businesses from being penalized by federal regulators.

via Marijuana Moment|
#cannabis-reform#equity#marijuana-banking