{"id":64869,"date":"2023-05-11T02:26:41","date_gmt":"2023-05-11T10:26:41","guid":{"rendered":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2023\/05\/11\/new-cannabis-banking-hearing-witnesses-named-newsletter-may-11-2023\/"},"modified":"2023-05-11T05:46:13","modified_gmt":"2023-05-11T13:46:13","slug":"new-cannabis-banking-hearing-witnesses-named-newsletter-may-11-2023","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2023\/05\/11\/new-cannabis-banking-hearing-witnesses-named-newsletter-may-11-2023\/","title":{"rendered":"New cannabis banking hearing witnesses named (Newsletter: May 11, 2023)"},"content":{"rendered":"

<\/p>\n

Colombian legalization vote; FL marijuana ballot signatures; WA gov signs psilocybin bill; AZ psychedelics in budget; MN conference committee; RI ads<\/em><\/p>\n

Subscribe<\/a>\u00a0to receive Marijuana Moment\u2019s newsletter in your inbox every weekday morning. It\u2019s the best way to make sure you know which cannabis stories are shaping the day.<\/p>\n

(function() {
\n\twindow.mc4wp = window.mc4wp || {
\n\t\tlisteners: [],
\n\t\tforms: {
\n\t\t\ton: function(evt, cb) {
\n\t\t\t\twindow.mc4wp.listeners.push(
\n\t\t\t\t\t{
\n\t\t\t\t\t\tevent : evt,
\n\t\t\t\t\t\tcallback: cb
\n\t\t\t\t\t}
\n\t\t\t\t);
\n\t\t\t}
\n\t\t}
\n\t}
\n})();
\n<\/p>\n

\n


\n\t


\n <\/p>\n


\n\t \n<\/p>\n<\/div>\n

<\/p>\n

Your support makes Marijuana Moment possible\u2026<\/b><\/p>\n

Free to read (but not free to produce)!<\/b> We\u2019re proud of our newsletter and the reporting we publish at Marijuana Moment, and we\u2019re happy to provide it for free. But it takes a lot of work and resources to make this happen. <\/span>
\n<\/span>
\n<\/span>If you value Marijuana Moment, invest in our success on Patreon so we can expand our coverage and more readers can benefit: <\/span>https:\/\/www.patreon.com\/marijuanamoment<\/span><\/a>
\n<\/span>
\n<\/span>\/ TOP THINGS TO KNOW<\/b>
\n<\/span>
\n<\/span>The U.S. Senate Banking Committee<\/span><\/a> named additional witnesses for Thursday\u2019s marijuana banking hearing.<\/span>
\n<\/span>
\n<\/span>Colombia\u2019s Chamber of Representatives<\/span><\/a> approved a marijuana legalization bill. The measure just needs two more votes in the Senate, where it already initially passed last year, in order to be enacted.<\/span>
\n<\/span>
\n<\/span>A Florida marijuana legalization campaign funded by Trulieve<\/span><\/a> has now collected more than enough signatures to qualify for the 2024 ballot, the company says.<\/span>
\n<\/span>
\n<\/span>Washington State Gov. Jay Inslee (D)<\/span><\/a> signed a bill creating a therapeutic psilocybin access pilot program, while vetoing sections of the legislation he said \u201cno longer align with the bill\u2019s intent.\u201d<\/span>
\n<\/span>
\n<\/span>The Arizona legislature<\/span><\/a> is on the verge of sending Gov. Katie Hobbs (D) budget bills that include provisions to fund research into the medical potential of psilocybin mushrooms for a variety of conditions.<\/span>
\n<\/span>
\n<\/span>Minnesota House and Senate negotiators<\/span><\/a> will hold the first conference committee meeting on Friday to reconcile the differences between the marijuana legalization bills passed by each chamber.<\/span>
\n<\/span>
\n<\/span>Top New Hampshire senators<\/span><\/a> are signaling that a House-passed marijuana legalization bill will fail in a scheduled floor vote on Thursday.<\/span>
\n<\/span>
\n<\/span>The Rhode Island House of Representatives<\/span><\/a> unanimously passed a bill to allow marijuana businesses to advertise their products.<\/span>
\n<\/span>
\n<\/span>The Missouri legislature\u2019s Joint Committee on Administrative Rules<\/span><\/a> held a hearing on proposed marijuana regulations changes\u2014including provisions on packaging and video surveillance that are opposed by industry representatives.<\/span>
\n<\/span>
\n<\/span>\/ FEDERAL<\/b>
\n<\/span>
\n<\/span>The Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies<\/span><\/a> held a hearing on President Joe Biden\u2019s budget request for the Drug Enforcement Administration.<\/span>
\n<\/span>
\n<\/span>Sen. Jeff Merkley (D-OR)<\/span><\/a> tweeted, \u201cLegal cannabis businesses are forced to operate in all-cash\u2014leaving them vulnerable to armed robbery and money laundering. We have a path to get SAFE Banking passed this year, and I will work to get it to the finish line.\u201d He also <\/span>tweeted<\/span><\/a>, \u201cWe have bipartisan support for the SAFE Banking Act, and we have a path to get this bill to the Senate floor. Let\u2019s get this done!\u201d<\/span>
\n<\/span>
\n<\/span>Sen. John Kennedy (R-LA)<\/span><\/a> claimed in a Senate floor <\/span>speech<\/span><\/a> that marijuana is being laced with fentanyl for \u201cmore kick\u201d and so that \u201cdrug dealers make more money.\u201d<\/span>
\n<\/span>
\n<\/span>Rep. James McGovern (D-MA)<\/span><\/a> hosted a listening session with marijuana businesses.<\/span>
\n<\/span>
\n<\/span>Rep. Mike Garcia (R-CA)<\/span><\/a> posted information about how people can submit tips on illegal marijuana cultivation to Los Angeles County, California police.<\/span>
\n<\/span>
\n<\/span>The House <\/span>marijuana banking<\/span><\/a> bill got 10 new cosponsors for a total of 19.<\/span>
\n<\/span>
\n<\/span>\/ STATES<\/b>
\n<\/span>
\n<\/span>Nevada<\/span><\/a> Gov. Joe Lombardo (R) recognized the efforts of cannabis regulatory inspectors.<\/span>
\n<\/span>
\n<\/span>The <\/span>Connecticut<\/span><\/a> House of Representatives passed a bill to restrict the sales of hemp-derived cannabinoid products.<\/span>
\n<\/span>
\n<\/span>The <\/span>Texas<\/span><\/a> House of Representatives initially approved, and then rejected, a bill to repeal the ban on the production of smokable hemp products.<\/span>
\n<\/span>
\n<\/span>A <\/span>Guam<\/span><\/a> representative filed a bill to remove marijuana from pre-employment testing for people applying for government jobs.<\/span>
\n<\/span>
\n<\/span>Illinois<\/span><\/a> representatives spoke about a bill to allow safe consumption sites for illegal drugs.<\/span>
\n<\/span>
\n<\/span>A <\/span>Maine<\/span><\/a> representative discussed the benefits of legalizing safe consumption sites for illegal drugs.<\/span>
\n<\/span>
\n<\/span>Colorado<\/span><\/a> regulators issued a health and safety advisory about potentially unsafe levels of yeast, mold and Aspergillus in marijuana products. Separately, <\/span>regulators<\/span><\/a> are launching an underage cannabis sales dashboard.<\/span>
\n<\/span>
\n<\/span>Washington State<\/span><\/a> regulators withdrew emergency rules that temporarily extended the timeframe for marijuana social equity applications.<\/span>
\n<\/span>
\n<\/span>New York<\/span><\/a> regulators will consider revised marijuana rules on Thursday.<\/span>
\n<\/span>
\n\u2014
\nMarijuana Moment is tracking more than 1,000 cannabis, psychedelics and drug policy bills<\/a> in state legislatures and Congress this year. Patreon supporters<\/a> pledging at least $25\/month get access to our interactive maps, charts and hearing calendar so they don\u2019t miss any developments.<\/strong>
\n\"\"<\/a>
\nLearn more about our marijuana bill tracker<\/a> and become a supporter on Patreon<\/a> to get access.
\n\u2014<\/strong><\/strong><\/span><\/p>\n

\/ LOCAL<\/b>
\n<\/span>
\n<\/span>The <\/span>Kenosha, Wisconsin<\/span><\/a> Common Council\u2019s Public Safety and Welfare Committee approved a proposal to reduce marijuana possession fines.<\/span>
\n<\/span>
\n<\/span>The <\/span>Spokane, Washington<\/span><\/a> City Council approved a measure to locally criminalize drug possession.<\/span>
\n<\/span>
\n<\/span>A <\/span>San Francisco, California<\/span><\/a> supervisor who is running for mayor is proposing a moratorium on new marijuana dispensaries.<\/span>
\n<\/span>
\n<\/span>\/ INTERNATIONAL<\/b>
\n<\/span>
\n<\/span>A leaked draft of the <\/span>German<\/span><\/a> government\u2019s bill to enact the first phase of its marijuana legalization plan is circulating.<\/span>
\n<\/span>
\n<\/span>The <\/span>Bahamian<\/span><\/a> attorney general said the government is waiting for the minister of health to sign off on proposed marijuana legislation before it can be considered by the full cabinet.<\/span>
\n<\/span>
\n<\/span>\/ SCIENCE & HEALTH<\/b>
\n<\/span>
\n<\/span>A study demonstrated that \u201cCBD has anti-inflammatory properties and exhibits significant therapeutic potential against <\/span>HIV-1 infections and neuroinflammation<\/span><\/a>.\u201d<\/span>
\n<\/span>
\n<\/span>A study found that \u201cthere was a reduction in the absolute <\/span>arrest disparity<\/span><\/a> for cannabis-related possession arrests following decriminalization and legalization in both D.C and L.A.\u201d but that there was an \u201cemergence of arrests for public consumption.\u201d<\/span>
\n<\/span>
\n<\/span>\/ ADVOCACY, OPINION & ANALYSIS<\/b>
\n<\/span>
\n<\/span>The Cannabis Regulators Association<\/span><\/a> sent a letter to Senate Banking Committee leaders about pending marijuana banking legislation.<\/span>
\n<\/span>
\n<\/span>The Wall Street Journal editorial board<\/span><\/a> is concerned about the possibility of drug decriminalization in Washington State.<\/span>
\n<\/span>
\n<\/span>\/ BUSINESS<\/b>
\n<\/span>
\n<\/span>Trulieve Cannabis Corp.<\/span><\/a> reported quarterly net revenue of $289.1. Million and a net loss of $65.6 million.<\/span>
\n<\/span>
\n<\/span>Verano Holdings Corp.<\/span><\/a> reported quarterly net revenue of $227.1 million and a net loss attributable to the company and its subsidiaries of $9.2 million.<\/span>
\n<\/span>
\n<\/span>W\u00fcrk<\/span><\/a> has a new CEO.<\/span>
\n<\/span>
\n<\/span>Connecticut<\/span><\/a> retailers sold $21.6 million worth of legal marijuana products in April.<\/span>
\n<\/span>
\n<\/span>\/ CULTURE<\/b>
\n<\/span>
\n<\/span>MMA fighter <\/span>Nate Diaz<\/span><\/a> will be subject to marijuana testing for a boxing match against Jake Paul in Texas in August.<\/span><\/p>\n

Make sure to\u00a0subscribe<\/a> to get Marijuana Moment\u2019s daily dispatch in your inbox.<\/strong><\/p>\n

(function() {
\n\twindow.mc4wp = window.mc4wp || {
\n\t\tlisteners: [],
\n\t\tforms: {
\n\t\t\ton: function(evt, cb) {
\n\t\t\t\twindow.mc4wp.listeners.push(
\n\t\t\t\t\t{
\n\t\t\t\t\t\tevent : evt,
\n\t\t\t\t\t\tcallback: cb
\n\t\t\t\t\t}
\n\t\t\t\t);
\n\t\t\t}
\n\t\t}
\n\t}
\n})();
\n<\/p>\n

\n


\n\t


\n <\/p>\n


\n\t \n<\/p>\n<\/div>\n

<\/p>\n

The post New cannabis banking hearing witnesses named (Newsletter: May 11, 2023)<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n


\n
\nRead More: New cannabis banking hearing witnesses named (Newsletter: May 11, 2023)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Colombian legalization vote; FL marijuana ballot signatures; WA gov signs psilocybin bill; AZ psychedelics in budget; MN conference committee; RI ads Subscribe\u00a0to receive Marijuana Moment\u2019s newsletter in your inbox every weekday morning. It\u2019s the best way to make sure you know which cannabis stories are shaping the day. (function() {Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":459,"featured_media":64870,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15451],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/64869"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/459"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=64869"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/64869\/revisions"}],"predecessor-version":[{"id":64871,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/64869\/revisions\/64871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media\/64870"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=64869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=64869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=64869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}