Author: News Room

Two Colorado House committees have advanced a Senate-passed bill to create a regulatory framework for legal psychedelics under a voter-approved initiative. The House Finance Committee took up the legislation from Senate President Steve Fenberg (D), advancing it with amendments in an 8-2 vote on Thursday. It was then approved by the Appropriations Committee with a minor technical change on Friday, sending it to the floor for second reading consideration. Since being introduced earlier this month, the measure has moved quickly as lawmakers work to enact it before the end of the legislative session on May 6. It passed in two Senate…

A bipartisan marijuana banking bill that House and Senate lawmakers refiled this week is getting praise from many of the major marijuana industry stakeholders and financial institutions who’ve backed earlier versions of the reform. And key advocates— including critics of the measure’s limited equity provisions—are giving tepid support for revisions in the latest version, urging further work on the legislation as it advances. That work could also mean making changes that assuage the concerns of Senate Banking Committee Chairman Sherrod Brown (D-OH), whose panel is expected to be the first to take up the bill. The senator said on Thursday…

The Minnesota Senate on Friday is debating and voting on a bill to legalize marijuana that advanced through 13 committees. If the measure is approved, it will set the stage for a conference with the House to resolve differences with a companion reform measure that the chamber passed on Tuesday. This Senate floor action comes just two days after the proposal cleared its final committee, with amendments. If the Senate passes the bill, it’s not clear when bicameral conference negotiators will be appointed to settle the differences and move for final passage, but the session ends on May 22, giving…

We’re delighted to announce that Verdant Health will be joining us as a Bronze Sponsor of Cannabis Europa London, 2023. Verdant Health are leading the cultivation of the UK consumer CBD industry. According to a Business of Cannabis article, D’Arcy Bond from Verdant Health said, “Verdant Health, are well positioned to continue to support the growth of the UK’s CBD market, and to ensure all of our customers are able to access a consistent supply of high-quality CBD ingredients. We intend to play a major role in the development of this responsible and dynamic market going forward. We are delighted…

Senate Majority Leader Chuck Schumer (D-NY) is reiterating his commitment to advancing marijuana banking legislation with criminal justice provisions included, calling the broader effort to repair the harms of the drug war a “moral responsibility” for Congress. Just one day after bipartisan House and Senate lawmakers refiled the Secure and Fair Enforcement (SAFE) Banking Act, Schumer delivered a floor speech on Thursday, affirming his intent to pass the bill while continuing to work on an expanded package that promotes equity in the industry and justice for people harmed by the “war on drugs.” “The SAFE Banking Act would ensure cannabis…

“There are vigorous discussions underway to get the requisite votes to get the bill out.” By Brett Davis, The Center Square The failure by lawmakers this session to pass a bill to create a solution to a state Supreme Court decision that essentially decriminalized possession of controlled substances raised the possibility of a special session for the Washington State Legislature to resolve the issue. Per the state constitution, the governor can call legislators in for a special session for a 30-day period. Legislators can call themselves into special session with a two-thirds vote of both the House of Representatives and…

Famed drummer and producer Travis Barker founded Barker Wellness, his own vegan wellness company combining the effects of broad spectrum CBD, cannabichromene (CBC), cannabigerol (CBG), and other ingredients. Often drummers aren’t the star of the band, unless you’re Barker: Rolling Stone named Barker one of the “Greatest Drummers of All Time,” including his roles with The Aquabats and more importantly as one-third of Blink-182. While former Blink-182 alumni Tom DeLonge shifted to filmmaking and the unexplained, vocalist Mark Hoppus recently announced he’s cancer-free and is back in the studio. Twenty years ago, Barker joined supergroup the Transplants with Tim “Lint”…

The Republican speaker of the U.S. House of Representatives has agreed to hold a committee debate and vote on a bill to federally legalize marijuana, the GOP congresswoman who is sponsoring the legislation says. As one condition of her support for leadership’s unrelated proposal to raise the debt ceiling and cut various federal programs, Rep. Nancy Mace (R-SC) secured a committee markup of the States Reform Act (SRA) that she filed last session, her office told Marijuana Moment on Thursday. That bill, which has not yet been refiled for the new Congress, would end federal marijuana prohibition while taking specific…

Cultivar Charlotte’s Web was first introduced to the world from Denver, Colorado, via a television documentary. But what viewers couldn’t know is that the high CBD variety actually began many years prior on a farm in Southern Humboldt County, in Northern California. When the U.S. Cable News Network (CNN) aired Dr. Sanjay Gupta’s documentary episode “Weed” in 2013, Charlotte’s Web seemed like a miracle plant. High in one of the cannabinoids, cannabidiol or CBD, and low in the psychoactive compound of tetrahydrocannabinol or THC, with little to no psychoactive properties, it was the seeming answer to ending the stupid stoner…

We’re delighted to announce that Memery Crystal will be joining us as a Bronze Sponsor of Cannabis Europa London, 2023. Memery Crystal are commercially aware, entrepreneurial in spirit, international in outlook and pragmatic in approach. Founded in 1978, Memery Crystal is now recognised as one of the UK’s leading law firms in our specialist areas, regularly cited in Chambers UK and The Legal 500. Their legal services practice areas include corporate (including M&A, E CM, funds and financial regulation, and competition), banking & finance, commercial, IP & technology (CIPT), employment, tax and real estate. In 2021, they joined London Stock…