Welcome back to The Week in Weed, your Friday appear at what’s taking place in the globe of legalized marijuana.
Possibly the most significant news this week was the very first ever Congressional hearing on cannabis banking. From the hearing’s webpage, you can watch the hearing, study the committee’s memorandum and study the witnesses’ ready statements. The committee memorandum has a good graphic of state marijuana laws – only 3 states enable no marijuana consumption in any type.
And speaking of state laws, various jurisdictions are moving forward with some type of legalization. A complete legalization bill was introduced in the Illinois legislature a complete legalization bill was passed out of a Senate committee in Hawaii a Property committee in New Mexico has passed yet another such bill, but extra committees will will need to weigh in prior to the complete chamber votes.
In New York, these in favor of legalization are pushing for modifications to Gov. Cuomo’s bill introduced final month. And the City of Baltimore has decriminalized marijuana possession, even although recreational cannabis is not legal in the state of Maryland.
Though no bill has but been introduced, the Lt. Governor of Pennsylvania meanwhile has embarked on a listening tour to collect input on whether or not that state ought to legalize.
And the federal bill with the simple-to-recall quantity has now been introduced in the Senate. S. 420 is a companion bill to H.R. 420 introduced final month.
1 of the arguments utilized in favor of legalization is the quantity of sales (and sales tax) generated by legal cannabis. Colorado is hunting at $six billion in sales in 2018, and Oklahoma‘s health-related marijuana system saw more than $four million in January 2019.
Considering the fact that people today are beginning to throw their hats in the ring for the 2020 Presidential election, here’s the very first in what will doubtless come to be a series: “Where the Candidates Stand on Marijuana.” Kamala Harris (D-CA) has indicated that she is in favor of legalization.
And lastly, the Massachusetts marijuana sector might be finding some publicity from an unlikely supply: billboards in Connecticut.