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Marijuana Advocates And Industry Groups React To Marijuana Banking Bill Refiling, As Key Senator Raises Early Concerns

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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 that committee consideration is being delayed because banking industry representatives are trying to use the legislation to “weaken bank rules” and “undermine” regulations—though it’s not immediately clear what he meant by that.

Nothing says a bill is serious like having @JulieNBCNews ask your questions about a hearing date for #SAFEBanking. pic.twitter.com/al1bxtgUCw

— Don Murphy (@donmurphy12a) April 27, 2023

In any case, the Secure and Fair Enforcement (SAFE) Banking Act is considered one of the more passable pieces of cannabis legislation this session under a divided Congress with Republicans in control of the House. And while earlier versions faced scrutiny

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Florida Marijuana Legalization Measure Has Enough Support To Pass In Internal Polling, CEO Of Company Funding Campaign Says

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The CEO of a top marijuana company is pushing back against recent surveys showing insufficient support to pass a Florida legalization ballot initiative this November, claiming internal polling shows the measure ahead by a comfortable margin.

After the state Supreme Court cleared the proposal for ballot placement, rejecting a constitutional challenge from Florida Attorney General Ashley Moody (R), two polls came out indicating that the Smart & Safe Florida campaign didn’t have the required 60 percent support for passage.

But in an interview with Cheddar on Thursday, Tulieve CEO Kim Rivers dismissed the surveys, saying “don’t believe everything you’re hearing” when it comes to the two most recent polls “in particular.”

“We would not put our stock in those polls,” she said, adding that there are more “legitimate polls” from the past year that show the legalization measure “well over” the 60 percent threshold for passage.

Tulieve isn’t running the campaign, but it has been the main financial backer of the initiative, contributing nearly $50 million.

“Our internal numbers remain incredibly strong and closer to 70 [percent], actually than 60 [percent],” she said. “So [there’s] strong bipartisan support across the state.”

Rivers also said during Thursday’s interview that one recent

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Alabama Senator Calls State Medical Cannabis Commission A ‘Money Pit’ Amid Ongoing Litigation

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“I don’t know what the problems are, but we need to get that resolved over there or we are going to have to do something legislatively to correct this.”

By Ralph Chapoco, Alabama Reflector

The head of the Senate’s General Fund budget committee last week vented frustration at the Alabama Medical Cannabis Commission’s legal woes.

Speaking at Thursday’s Contract Review Committee meeting, Sen. Greg Albritton (R-Atmore), the chair of the Senate’s Finance and Taxation General Fund Committee, said the ongoing litigation over the commission’s licensing process had turned it into a “money pit.”

“Right now, we are putting money into it,” he said. “Right now, we are having more and more and more suits coming in. I don’t know what the problems are, but we need to get that resolved over there or we are going to have to do something legislatively to correct this.”

Brittany Peters, a spokeswoman for the AMCC, said in a statement Monday that the commission’s “longstanding position” was seeing the state medical cannabis program “become fully operational as soon as possible.”

“With the priority of serving patients in the state who would benefit from medical cannabis, the commission is committed to defending against the lawsuits

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Biden & Trump voters’ cannabis views (Newsletter: April 24, 2024)

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SC medical marijuana; Feds removing MDMA from drug testing; CA psychedelics; Ventura on cannabis politics; DEA psilocybin; Legalization & immigrants

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/ TOP THINGS TO KNOW

Reps. Morgan McGarvey (D-KY), Morgan Luttrell (R-TX) and seven other bipartisan members of Congress sent a letter pressing the Department of Veterans Affairs to form a strategic plan to implement MDMA-assisted psychedelic therapy in preparation for federal approval as soon as this summer.

The Substance Abuse and Mental Health Services Administration’s Drug Testing Advisory Board is weighing proposals to remove MDMA from federal workplace drug testing programs while adding fentanyl.

The South Carolina House Medical Cannabis Ad Hoc Committee held a hearing on a Senate-passed bill to legalize patient access—but only took testimony from

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