All posts in Connecticut News

Against the backdrop of COVID-19, people have tended to lament 2021 as if it were a repeat of 2020. While that may be true outside of the industrial hemp and commercial marijuana industries, it was, once again, a landmark year for cannabis, as I thought that it might be.   In many ways, 2021 was set to be a banner year for cannabis. The industry’s mood was broadly … [+] optimistic concerning the potentiality of federal legalization given that the Democrats swept the 2020 electoral cycle. getty We saw the political dialogue surrounding cannabis out of our Nation’s capital advance tremendously, which further…

U.S. cannabis stocks suffered a rout in January, tumbling more than the broader market as hopes for federal marijuana legalization in the near future continued to fade. The recent slide is expected to exacerbate existing issues confronting marijuana businesses, such as limited banking and funding options as well as higher taxes. ADVERTISEMENT An exchange-traded fund that tracks U.S. multistate operators – AdvisorShares Pure US Cannabis ETF – tumbled nearly 20% in January. By comparison, the much broader S&P 500 declined by a little more than 5%. The January slide came after steady declines in cannabis-related stocks in 2021, as major…

NY gov signs marijuana licensing bill; UT psychedelics study advances; FL legalization poll; NM insurers pressed to cover medical cannabis; AZ sales 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… Before you dig into today’s cannabis news, I wanted you to know you can keep this resource free and published daily by subscribing to Marijuana Moment on Patreon. We’re a small independent publication diving deep into the cannabis world and rely on readers like you…

Rhode Island House Speaker Joe Shekarchi seems to think so. While he has been quoted in local media saying that while the legislature is “still not there” on a final product, he is at least ready to say that “we’ve worked down to almost one issue that’s left.” That specific issue, it seems, is who will regulate the cannabis market should Rhode Island enact a cannabis legalization measure. The two options seem to be either a new independent commission or the existing state Department of Business Regulation (DBR). Last week, Governor McKee presented his Fiscal Year 2023 Budget Proposal, which…

A three-judge panel of the U.S. Court of Appeals for the Ninth Circuit has rejected a lawsuit by cancer patients and their doctor seeking access to psilocybin—the main psychoactive compound in psychedelic mushrooms—to help treat end-of-life depression and anxiety. The patients and Seattle-based palliative care physician Dr. Sunil Aggarwal sued the U.S. Drug Enforcement Administration (DEA) in March, after the agency sent a letter saying there was no way for his clinic, the Advanced Integrative Medical Sciences (AIMS) Institute, to dispense a synthetic form of the psilocybin under state and federal right-to-try (RTT) laws. The laws allow patients with terminal conditions…

About a week after Colorado activists filed revised versions of 2022 ballot initiatives to legalize psilocybin and create “healing centers” in the state, a second campaign has submitted their own competing proposal to legalize psychedelics. Activists with Decriminalize Nature Boulder County filed the new, one-page initiative on Friday. It would allow adults 21 and older to possess, cultivate, gift and deliver psilocybin, psilocyn, ibogaine, mescaline and DMT. Further, the measure says that it would be lawful to conduct psychedelics services for guidance, therapy and harm reduction and spiritual purposes with or without accepting payment. It would not be legal to…

BOSTON — There was no opposition in the Joint Committee on Cannabis Policy to fresh legislation targeting persistent issues with host community agreements and social equity in the new cannabis industry, setting the Legislature up to involve itself in cannabis policy more closely than it has since rewriting voters’ legalization law five years ago. All 16 members of the committee who weighed in on the legislation (H 174/S 72) in the poll that closed late last week were in favor of advancing the bill to put tighter restrictions on the legally required contracts between marijuana businesses and their host communities,…

About a week after Colorado activists filed revised versions of 2022 ballot initiatives to legalize psilocybin and create “healing centers” in the state, a second campaign has submitted their own competing proposal to legalize psychedelics. Activists with Decriminalize Nature Boulder County filed the new, one-page initiative on Friday. It would allow adults 21 and older to possess, cultivate, gift and deliver psilocybin, psilocyn, ibogaine, mescaline and DMT. Further, the measure says that it would be lawful to conduct psychedelics services for guidance, therapy and harm reduction and spiritual purposes with or without accepting payment. It would not be legal to…