Welcome again to The Week in Weed, your Friday take a look at what’s taking place on the earth of legalized marijuana.

This week, we’ve got a number of federal information. First, one thing that didn’t occur. Then, one thing that did occur. Lastly, one thing which may occur. However we even have some state information – a rundown of recent poll initiatives. And at last, the hashish trade is stepping into the vacation spirit.

SAFE BANKING ACT

Gosh, it was awfully shut this time, but it surely looks as if it’s to not be. But once more, Lucy has pulled the soccer away, simply as Charlie Brown is about to kick it. Many within the trade thought that the Nationwide Protection Authorization Act could be the automobile that might lastly carry hashish banking to legalization, however that’s not going to occur. See our tackle the present state of play right here.

MARIJUANA RESEARCH

Nevertheless it wasn’t all unhealthy information for marijuana! President Biden signed an act permitting researchers to review hashish, in an effort to study extra about its medicinal properties. Senator Brian Schatz (D-HI), a sponsor of the invoice, had this to say:

“The medical neighborhood agrees that we want extra analysis to find out about marijuana’s potential well being advantages. Our new legislation will take away extreme limitations that make it troublesome for researchers to review the effectiveness and security of marijuana, and hopefully, give sufferers extra therapy choices.”

https://www.schatz.senate.gov/information/press-releases/president-signs-schatz-bill-to-expand-marijuana-research-into-law

PREPARE ACT

SAFE Banking will not be headed to the President’s desk right this moment, however Senator John Hickenlooper (D-CO) needs the federal government to prepare for federal legalization. In what one can solely describe as a case of Excessive Hopes, Hickenlooper launched a invoice that might direct the Division of Justice to assemble a regulatory framework to make use of when hashish is authorized on the federal degree. What possibilities does the laws have? Effectively, understand that the 117th Congress is drawing to a detailed, and all payments not handed when it ends will die. Maybe within the 118th?

STATE BALLOT INITIATIVES

We’ve talked so much in regards to the feds up to now, however we do have some state information this week. With the 2022 election within the rear view window, it’s time to assume forward to the following contest. In Ohio, organizers wish to a 2023 election. Florida hashish supporters are gathering signatures to place adult-use on the 2024 poll. Variety Idaho started amassing signatures for its 2024 measure.

AND FINALLY

A lot of companies “give again” to the neighborhood because the yr attracts to a detailed. Hashish companies aren’t any totally different. See some examples of inexperienced giving right here.

Keep protected and be effectively everybody – we’ll see you subsequent week!