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Senate Committee Holds Hearing on Cannabis Decriminalization Bill

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A Senate panel met on Tuesday to consider a bill that would decriminalize cannabis at the federal level, less than a week after the legislation was introduced by Senate Majority Leader Chuck Schumer and two Democratic colleagues. The bill, the Cannabis Administration and Opportunity Act, was introduced on July 21 by Schumer, the senior senator from New York, Senate Finance Chair Ron Wyden of Oregon and New Jersey’s Senator Cory Booker.

The Senate Judiciary Subcommittee on Crime and Terrorism, which is chaired by Booker, discussed the legislation and heard testimony from witnesses at a hearing held at the nation’s Capitol

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High Times

Chris Webber Launches New Strains With ‘Players Only’

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NBA Hall of Famer Chris Webber announced the launch of his cannabis brand Players Only with his business partner, Lavetta Willis—and he’s bringing several familiar faces along for the ride including Quavo, Raekwon, Royce da 5’9″, Matt Barnes, and Jason Williams.

The new all-star brand was first announced on August 11. Players Only will feature an array of strains, cannabis oil cartridges, pre-rolls, vapes, as well as sport recovery and performance products. Players Only will also roll out branded apparel and footwear.

Last March, TerrAscend secured exclusive retail rights for Players Only products in Michigan through the acquisition of Gage

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Draft Rules Published for U.S. Virgin Islands Medical Cannabis Program

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On Aug. 10, the V.I. Cannabis Advisory Board (VICAB) in the U.S. Virgin Islands unanimously approved draft regulations for its medical cannabis program. On Aug. 12, the Office of Cannabis Regulations posted the draft publicly, and it will remain online for a 30-day public comment window that ends on Sept. 11. In addition to this, a meeting is set to be held in person on Aug. 31 as well.

According to the current draft, licenses will soon become available over the next three months, with cultivation licenses beginning on Oct. 3, research and development licenses on Oct. 26, manufacturing licenses

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Massachusetts Governor Signs Cannabis Social Equity Bill

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Massachusetts Governor Charlie Baker signed legislation on Thursday to amend the state’s marijuana laws, approving the addition of social equity provisions and other changes to cannabis regulations in the Bay State. Baker approved all but one of the provisions of the bill, which is the first overhaul of the state’s cannabis regulations since voters approved recreational pot use in 2016.

Baker said in a statement that he supports “many of the provisions that this bill adopts to improve regulation of the cannabis industry” as well as “the bill’s efforts to expand opportunities for social equity businesses.”

The compromise bill, which

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