Episode 346 – Jobs, Jobs, Jobs!

Andrew Livingston and first-time guest Ngiste Abebe join host Heather Sullivan to talk about the growth in legal marijuana jobs and the pressing need to address social equity disparities within the entrepreneurial community. Produced by Shea Gunther.

News & Links:
New York Governor Reveals Amendments To Marijuana Legalization Plan Weeks Before Budget Deadline | Marijuana Moment

New Jersey Lawmakers Send Marijuana Compromise Bill To Governor’s Desk, Setting Stage For Legal Sales | Marijuana Moment

Oregon marijuana firms enjoy booming market fueled by pandemic, consumers shunning illicit suppliers | Marijuana Business Daily

Photo: Beverly Yuen Thompson/Flickr

Tuesday, February 9, 2021 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Tuesday, February 9, 2021 | Curated by host Shea Gunther

// South Dakota judge strikes down state’s marijuana legalization vote (Leafly (AP))

// Virginia lawmakers pass landmark recreational marijuana legalization bills (Marijuana Business Daily)

// Schumer Hosts First Formal Meeting on Legalizing Weed as VA GOP Opposes Legalization (Hill Reporter)

These headlines are brought to you by Curaleaf, one of the leading vertically-integrated cannabis operators in the U.S. With legal medical and adult use marijuana dispensaries, cultivation sites, and processing facilities all over the United States, Curaleaf has served more than 350,000 medical cannabis patients and looks forward to helping many more long into the future. Swing over to Curaleaf.com to learn more about this very cool company!

// Deadline for Murphy to Act on NJ Marijuana Bill Pushed Back (NBC Philadelphia)

// Lt. Gov. John Fetterman enters Pennsylvania’s 2022 Senate race (CNN)

// California Clears Up Confusion Over Marijuana Industry Coronavirus Vaccine Eligibility (Marijuana Moment)

// New Jersey Governor Signs Psilocybin Bill To Immediately Reduce Penalties For Possession (Marijuana Moment)

// Wisconsin governor proposes medical recreational cannabis legalization (Marijuana Business Daily)

// Marijuana concentrate sales up 40% as more consumers turn to the product category (Marijuana Business Daily)

// Legal Marijuana Is More Popular Than Joe Biden $15 Minimum Wage Or Rejoining Climate Agreement Poll Finds (Marijuana Moment)

Check out our other projects:Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement. • Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.

Love these headlines? Love our podcast? Support our work with a financial contribution and become a patron.

Photo: Else Olofsson/Flickr

Tuesday, December 8, 2020 Headlines | Marijuana Today Daily News

Marijuana Today Daily Headlines
Tuesday, December 8, 2020 | Curated by host Shea Gunther

// The House passed the MORE Act. Is weed legal now? (Leafly)

// Nebraska advocates aim for a marijuana legalization twofer in 2022 (Leafly)

// N.J. lawmakers reach deal on legal weed bill, plan to vote later this month (NJ.com)

These headlines are brought to you by Pall Food & Beverage, makers of professional filtration solutions for cannabis oil processing. If you need technology to clarify cannabis oil, to remove color, and to detect pathogens, look no further than Pall!

// GrowGeneration to Raise $125 Million Selling Stock (New Cannabis Ventures)

// U.S. cannabis firm Verano to go public with US$2.8B valuation (BNN Bloomberg)

// Ayr Strategies to Issue $75 Million 4-Year Notes at 12.5% (New Cannabis Ventures)

// Cannabis Sales in 5 Western States Grow in Excess of 30% During October (New Cannabis Ventures)

// Bill To Legalize Marijuana In Mexico Advancing In Committees Ahead Of Final Floor Vote (Marijuana Moment)

// Soda, gummies and Elbow chocolates: KC plant makes Missouri’s first marijuana edibles (Kansas City Star)

// House-Passed Marijuana Legalization Bill Would Add $13.7B To Federal Budget Congressional Analysts Say (Marijuana Moment)

Check out our other projects:Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement. • Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.

Love these headlines? Love our podcast? Support our work with a financial contribution and become a patron.

Photo: Don Goofy/Flickr

Mexico one step away from becoming world’s largest legal weed market

Last Thursday, Mexico’s Senate approved a landmark cannabis legalization bill, another big move towards the country’s legalization of marijuana. The vote was a landslide, with senators voting 82 votes to 18 and seven abstentions, but it still needs to pass through the lower house of Congress for final approval. If the initiative passes, it will mark […]

The post Mexico one step away from becoming world’s largest legal weed market appeared first on Latest Cannabis News Today – Headlines, Videos & Stocks.

Senators Call For Economic Assistance For Cannabis Firms Amid Outbreak

A group of 11 Democratic lawmakers is calling for cannabis businesses to be allowed to receive economic assistance from the Small Business Administration in the midst of the continuing coronavirus pandemic. In a letter sent to the chairman and vice-chair of the Senate Committee on Appropriations and other leadership on March 26, the senators called…

Mexican Senate Committees Agree To Comprehensive Marijuana Legalization Bill

Several Mexican Senate committees have agreed to a marijuana legalization bill that they are submitting to the full body. But while lawmakers initially said a floor vote would come this week, the proposal is now being referred to a multi-party panel for consideration as leaders work to build a consensus around its provisions.

Text of the legislation, which was released on Friday Oct. 21, outlines the proposed regulatory model, under which adults 18 and older would be allowed to use, possess and purchase cannabis from licensed retailers. Individuals could also grow up to four plants for personal use.

The Justice, Health, Legislative Studies and Public Security Committees gave the legislation their approval—a development that comes after the panels first unveiled a draft proposal earlier this month that they crafted during a week-long permanent session.

Sen. Ricardo Monreal, the ruling MORENA party’s leader in the Senate, said on Saturday that the legislation “will be analyzed and deliberated” after the chamber passes a budget package this week.

“We hope that, by consensus, it will be approved in the coming days,” Monreal said. “We will do it without stridency, applying good judgment and reason.”

But on Monday Oct. 28, several Mexican news outlets reported that the bill will first go to the Senate Political Coordination Board, a body that’s designed to coordinate inter-party consensus on legislative proposals. Monreal, who serves as president of the board, said there will be a delay, but the intent is to create a “finalized” product that puts “economic and social interests” first. It’s not clear how long the panel will take to advance the bill to a floor vote.

“I will slow it down a little,” the senator said, according to a translation.

“Many economic and social interests have been unleashed and I would like to do things well,” he said, referring to public reaction that has come in response to the committees’ work.

The board’s involvement will “shield against any interest outside or outside the legislative power, and we will recompose” the measure, he said.

Here’s what the draft marijuana bill would do:

The bill as proposed by the joint committees includes restrictions on advertising and penalties for marketing marijuana to youth. Businesses could not sell cannabis products that contain tobacco or alcohol under the proposal, and packaging would have to be standardized and generic.

Committee members agreed that an independent body, called the “Cannabis Institute,” would be responsible for regulating the industry. Among other things, the institute would be required to “establish the mechanisms and guidelines” to facilitate research into cannabis and its compounds to promote public health.

The institute would also be charged with issuing licenses for marijuana businesses, which would fall into one of four categories: cultivators, manufacturers, retailers and exporters/importers. Businesses could not hold more than one type of license.

In order to repair the harms of prohibition, the committees agreed that 20% of licenses would have to go to low-income individuals.

Companies interested in producing hemp, which is defined as cannabis containing less than 1% of THC, would not have to obtain a license, but the institute would have to grant a more easily obtainable permit to those who cultivate the crop.

“The Institute will not be subordinated to any authority and will adopt its decisions with full independence, except those regarding health in the terms provided by the Political Constitution of the United Mexican States, the General Health Law and other applicable regulations,” the document states.

According to a timeline of the legislation, the institute would have to be established no later than January 1, 2021.

Additionally, the institute could set potency limits on THC and CBD concentration in cannabis products and it would be responsible for assisting in the testing of products and preventing their misuse. The institute would advise local and federal authorities on regulatory programs that it feels would be beneficial and also promote research into the plant.

The legislation details various penalties for the unauthorized possession of marijuana plants and seeds, as well as any refusal of inspections.

Edibles and beverages infused with marijuana could not be sold for recreational use, although medical cannabis patients could obtain them. No pesticides or other contaminants could be used in the cultivation process. The bill also emphasizes that people would not be allowed to drive while under the influence of marijuana.

People would also not be permitted to use cannabis at “any commercial establishment with public access and in any place where people are prohibited to use tobacco.”

The draft measure also clarifies the legality of the use of peyote and psilocybin mushrooms in tribal ceremonies.

The legislation was submitted nearly one week from the anniversary of a Supreme Court ruling that deemed the country’s prohibition on personal possession and cultivation of marijuana unconstitutional. Lawmakers have worked throughout the year to develop a policy that provides for cannabis regulation in a way that promotes public safety and mitigates the influence of cartels.

The document released by the committees also summarizes ten separate legalization bills that had been previously filed, which panel members said were each taken into account during their review. They also laid out various principles that a marijuana legalization model should adhere to.

Those principles include respect for the constitutional right to consume and cultivate cannabis, the government’s obligation to “promote, respect, protect and guarantee human rights” and ensuring equality and non-discrimination.

The Senate has also taken into consideration public input, gathered through a series of events it organized, including one that featured remarks from a former White House drug czar.

It’s not clear exactly when the legislature will act on the committees’ agreed-upon legislation, but the release of the document signals that lawmakers are making steady progress to end prohibition in accordance with the Supreme Court ruling.

Sen. Margarita Valdez of the MORENA party said on Saturday that the Senate will discuss the legalization proposal this week but did not indicate a specific day.

The Supreme Court imposed a one-year deadline after deeming prohibition unconstitutional, which would put lawmakers days away from a requirement to change the law. Given that the Senate Political Coordination Board is set to take up the legislation prior to a floor vote, leaders have requested a deadline extension from the court.

Should the Senate approve the legislation, it will also have to pass in the Chamber of Deputies.

Meanwhile, a top lawmaker in that chamber is calling for the legalization and regulation of all drugs in order to prevent prohibition-related violence.

Feature image by Jorge Aguilar/Unsplash

This article has been republished from Marijuana Moment under a content-sharing agreement. Read the original article here

The post Mexican Senate Committees Agree To Comprehensive Marijuana Legalization Bill appeared first on Weedmaps News.

Key Takeaways from Today’s Hearing on the SAFE Banking Act

A Senate committee held a hearing on Tuesday to discuss ways for cannabis businesses operating legally under state law to obtain access to banking and financial services. At the hearing, Senators and witnesses including members of the cannabis industry focused on the Secure and Fair Enforcement (SAFE) Banking Act of 2019.

Under the measure, federal banking regulators would be prohibited from penalizing banks that choose to serve cannabis firms doing business in accordance with state law. Under current regulations, banks are subject to penalties under federal money laundering and other laws for servicing such companies, leaving the cannabis industry to operate in a risky environment heavy in cash.

The Senate’s version of the measure, (S. 1200) was introduced in April by Sen. Jeff Merkley, a Democrat from Oregon, and has 31 co-sponsors. The House bill (H.R. 1595) was introduced by Democratic Rep. Ed Perlmutter of Oregon and is co-sponsored by 206 representatives. In March, the bill was approved by the Financial Services Committee and is expected to be considered on the House floor after the August recess.

Witnesses Testify at Hearing

In his testimony before the committee, Colorado Republican Sen. Cory Gardner, one of the co-sponsors of the SAFE Banking Act, testified that public opinion is in favor of a change in cannabis policy reform. Gardner also noted that the bill has bipartisan support in both houses of Congress, a rarity in today’s hyper-partisan political climate.

“There has been a dramatic shift in Americans’ views of cannabis in recent years,” Gardner said. “Polling shows that about 65% of Americans support legalization of marijuana. 93% support medical marijuana. In fact, majorities of both parties support legalization. In a time when all the talk is about how divided we are, it’s hard to find that sort of support for an issue.”

Gardner added that cannabis policy reform was even succeeding in conservative states and that in just the last year five more states, Michigan, Missouri, Oklahoma, Utah, and Vermont, had adopted or expanded marijuana programs.

“In short, the states are leading on this issue, and the federal government has failed to respond,” he said. “It has closed its eyes and plugged its ears and pretended the issue will go away. It won’t.”

Current Rules an Unfair Burden on Cannabis Industry

Another witness who testified before the committee, John Lord, the board chair of the Cannabis Trade Federation and the CEO of a Colorado vertically-integrated operator in the industry, said that current regulations put a substantial burden on cannabis businesses.

“Due to the dichotomy between state and federal laws, banks and credit unions have been reluctant to serve cannabis businesses or have refused to do so altogether,” Lord told the committee. “In some cases, banks that were willing to work with cannabis companies were discouraged or prevented from doing so by their regulators. As a result, we have frequently struggled to obtain and maintain bank accounts with egregiously high fees.”

Lord also noted that the negative impacts of current regulations hit small firms the hardest.

“The current situation is especially challenging for small businesses. While we, due to our size, are able to absorb the additional costs associated with cash management and exorbitant bank fees, many small businesses are not,” he added. “Furthermore, resolving the banking issue could significantly aid cannabis businesses in securing business loans. This is critical to small business owners who may not have access to other sources of capital.”

Cannabis Insurance Measure Introduced

Before Tuesday’s hearing, Democratic Sen. Bob Menendez of New Jersey announced that he was introducing a bill that would give the cannabis industry greater access to insurance services. The bill would protect insurers who offer coverage to cannabis firms and associated firms such as landlords and attorneys.

“Current federal law prevents these small business owners from getting insurance coverage, and without it, they can’t protect their property, employees, or customers,” Menendez said. “We can solve this problem with legislation that allows insurance companies to provide coverage to these enterprises without risk of federal prosecution or other unintended consequences.”

The post Key Takeaways from Today’s Hearing on the SAFE Banking Act appeared first on High Times.