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Friday, April 24, 2020

🌳📰 Marijuana Moment: Cannabis biz could get COVID funds under new bill





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/ TOP THINGS TO KNOW

Reps. Earl Blumenauer (D-OR) and Ed Perlmutter (D-CO), along with a bipartisan list of cosponsors, filed a bill to let marijuana businesses access coronavirus relief funds just as companies in any other industry can.

Virginia lawmakers rejected Gov. Ralph Northam's (D) marijuana decriminalization bill amendments that would have delayed a study on broader legalization by a year and removed the right to a jury trial for people cited for possession. Separately, they approved the governor's expanded definition of medical cannabis products that can be legally accessed as part of another bill.

A poll shows that New Jersey voters are poised to strongly approve a marijuana legalization referendum that's on the November ballot. Legalizing cannabis got more support in the survey than President Donald Trump, presumptive Democratic presidential nominee Joe Biden or Sen. Cory Booker (D-NJ) did.

Marijuana descheduling advocates plan to take their case against the Drug Enforcement Administration all the way to the U.S. Supreme Court after the U.S. Court of Appeals for the Second Circuit dismissed it. The appeals court urged plaintiffs to petition DEA directly—with the agency being admonished to reply "promptly"—but the advocates say that route wouldn't be fruitful and might actually be counterproductive.
  • "Our hope is to win a declaration that the classification of cannabis is unconstitutional (because it is), thereby rendering the CSA unenforceable and legalizing cannabis at the federal level nationwide."

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/ FEDERAL

The Food and Drug Administration sent letters warning BIOTA Biosciences and Homero Corp DBA Natures CBD Oil Distribution to stop allegedly selling CBD products in an illegal manner.

The U.S. Trustee's Office told the U.S. Bankruptcy Court for the District of Colorado that GrowCo Inc.'s Chapter 11 filing should be dismissed because much of its debt is linked to marijuana.


Oregon Democratic congressional candidate Albert Lee tweeted, "Legalize cannabis nationwide."
NCIA's Cannabis Business Summit & Expo in San Francisco has been moved to September 29 – October 1.

Visit our website to learn more about the event and to get the latest updates. Proceeds from NCIA's events support their federal lobbying work on behalf of your business and the industry at-large.

/ STATES

New Jersey Gov. Phil Murphy (D) said there are no plans to fast-track marijuana legalization to generate funds to help with the coronavirus crisis.

Oklahoma Gov. Kevin Stitt (R) said he doesn't think legalizing recreational marijuana would generate more tax revenue since the state's medical cannabis system is already so accessible.


Pennsylvania's lieutenant governor tweeted, "In related news, marijuana overdose deaths however, have surged to zero and are expected to plateau at zero, which blew past previous record of zero."


Utah Democratic lieutenant governor candidate Nate Kizerian spoke about his wife's use of medical cannabis prior to her death from cancer.


Arizona marijuana legalization activists have raised $2.7 million for their campaign, while opponents have brought in $50,000.


Monthly Massachusetts medical cannabis patient registrations jumped 245% since Gov. Charlie Baker (R) shuttered recreational marijuana stores as part of his coronavirus stay-at-home order.


Colorado regulators awarded the state's second medical cannabis delivery license.
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/ INTERNATIONAL

Brazilian regulators approved the registration of the first marijuana-based product in the country.
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/ SCIENCE & HEALTH

A study suggested that extracts of "high CBD C. sativa lines, pending further investigation, may become a useful and safe addition to the treatment of COVID-19 as an adjunct therapy" and that they "can be used to develop easy-to-use preventative treatments in the form of mouthwash and throat gargle products for both clinical and at-home use."

An analysis of Colorado's 2012 marijuana legalization vote found that "spatial spillovers from neighbouring counties do not appear to have been responsible for the vote outcome, despite visual evidence suggesting otherwise" and that "party affiliation and the native Coloradan population composition of counties appear to be the driving forces on the margin behind the voting results of Amendment 64."

/ ADVOCACY, OPINION & ANALYSIS

Michigan Senate Republicans tweeted, "In Michigan today, you can buy marijuana but you can't buy seeds for your garden in many stores."

The Sentencing Project hired a new executive director.

/ BUSINESS

Organigram Holdings Inc. announced several new products, including a Trailer Park Boys-branded line of flower.

Innovative Industrial Properties, Inc. and Cresco Labs expanded their real estate partnership.


Mind Medicine (MindMed) Inc. filed a patent application for a neutralizer technology intended to shorten and stop the effects of an LSD trip during a therapy session.


Peter Thiel invested in psychedelics company ATAI Life Sciences.

/ CULTURE

The latest Call of Duty video game will sell players a marijuana-themed weapon camo pack but won't let them type the word "weed" as a regiment name.

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