House could vote on legal cannabis next week (Newsletter: March 24, 2022) – Marijuana Moment
NH legalization bill amended; MO psychedelics hearing; MD lawmakers vote to fund legal marijuana implementation; MI local drug decrim effort Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Your good deed for the day: donate to an independent publisher like Marijuana Moment and ensure that as many voters as possible have access to the most in-depth cannabis reporting out there. Daniel J. Delaney of The Delaney Policy Group: “I’ve been a lobbyist and consultant in…
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Connecticut Could Open East Coast’s First Psychedelic Medicine Centers – Filter
Connecticut lawmakers have proposed a bill that would create the first psychedelic medicine centers on the East Coast. The bill anticipates that the Food and Drug Administration (FDA) will soon approve psilocybin and MDMA as legal treatment for depression and PTSD, respectively. If it passes, Connecticut will become an early mover as several states look to legalize psychedelics. The bill, titled HB 5396, would aim to provide MDMA and psilocybin for medical use. It would serve only “qualified patients”—including veterans, retired first responders, “direct care” healthcare workers and people from a “historically underserved community” with a serious or life-threatening mental illness….
Read More »Is Weed Legal in My State? Marijuana Legalization Explained – CNET
Medical marijuana is legal in 37 states but still prohibited by federal statute. Olena Ruban/Getty Images This week New Jersey began accepting applications to open marijuana dispensaries, and the state’s Cannabis Regulatory Commission is expected to approve the first round of conditional licenses for cultivation and manufacturing. Gov. Phil Murphy said the first shops could be open by this summer. Recreational, or adult-use, marijuana was legalized in the Garden State in 2021, along with Connecticut, New York, New Mexico and Virginia. Eighteen states allow recreational pot, and 37 have legalized cannabis for medicinal purposes. The adult-use cannabis market hit nearly $15 billion…
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Hartford Woman Involved in Fentanyl Trafficking Ring Sentenced to 5 Years in Federal Prison – Department of Justice
Leonard C Boyle, United States Attorney for the District of Connecticut, announced that JANICETTE REYES, 43, of Hartford, was sentenced today by U.S. District Judge Michael P. Shea in Hartford to 60 months of imprisonment, followed by three years of supervised release, for distributing fentanyl. According to court documents and statements made in court, in 2018, the FBI’s Northern Connecticut Gang Task Force began investigating Ricardo Reyes, also known as “Rick the Ruler,” a member of the Los Solidos street gang who was distributing fentanyl, heroin, cocaine and crack in the area of Park Street and Hungerford Street in Hartford. …
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Another Michigan City Approves Psychedelics Decriminalization As Activists Pursue Statewide Ballot Measure – Marijuana Moment
A Maryland Senate committee on Wednesday took up a pair of House-passed bills to put marijuana legalization on the state’s November ballot and set initial rules if voters approve the reform, with some lawmakers raising concerns about the limited scope of the implementation proposal and questioning why the ballot question doesn’t contain more specific language around issues like licensing and equity. The Senate Finance Committee held the hearing on HB 1 and HB 837, both sponsored by Del. Luke Clippinger (D), about a month after they cleared the opposite chamber. The meeting also took place days after a key Maryland…
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Utah Governor Signs Bill To Study Use Of Psychedelics For Mental Health Therapy – Marijuana Moment
A Maryland Senate committee on Wednesday took up a pair of House-passed bills to put marijuana legalization on the state’s November ballot and set initial rules if voters approve the reform, with some lawmakers raising concerns about the limited scope of the implementation proposal and questioning why the ballot question doesn’t contain more specific language around issues like licensing and equity. The Senate Finance Committee held the hearing on HB 1 and HB 837, both sponsored by Del. Luke Clippinger (D), about a month after they cleared the opposite chamber. The meeting also took place days after a key Maryland…
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Cannabis REITs: Own The Pharmland – Seeking Alpha
kmatija/iStock via Getty Images This is an abridged version of the full report published on Hoya Capital Income Builder Marketplace on March 20th. REIT Rankings: Cannabis Hoya Capital Coming down from a seemingly never-ending ‘high’ since emerging onto the scene in the mid-2010s, Cannabis REITs have stumbled in early 2022, pressured by the broader growth-to-value rotation and uncertainty over progress on federal legalization. Within the Hoya Capital Cannabis REIT Index, we track the three cannabis equity REITs – Innovative Industrial (IIPR), Power REIT (PW), and NewLake Capital (OTCQX:NLCP) – along with the two cannabis mortgage REITs – AFC Gamma (AFCG)…
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Rhode Island House Panel Discusses Competing Marijuana Legalization Proposals From Lawmakers And Governor – Marijuana Moment
A Rhode Island House committee on Tuesday discussed a bill to legalize marijuana in the state, as well as the governor’s separate budget proposal that includes provisions to end cannabis criminalization and create a regulated market. The hearing on the pieces of legislation from Rep. Scott Slater (D) and Gov. Dan McKee took place in the House Finance Committee, one week after a separate Senate panel took testimony on an identical companion version of the Slater bill that’s being sponsored by Sen. Joshua Miller (D). The lawmaker-driven bill was introduced earlier this month following months of negotiations between legislative leaders….
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