GOP lawmakers in the U.S. House of Representatives this week removed legislative provisions to protect banks that serve cannabis businesses from a federal funding bill after resistance from fellow Republicans. The legislation was removed from the financial services and general government bill that provides annual funding for the Treasury Department and federal payments for the… Keep Reading
An Illinois bill to legalize hemp-derived cannabinoids such as delta-8 THC has stalled in the House of Representatives after lawmakers left the state capitol without passing the legislation that would have banned sales of the popular products. The measure was supported by many representatives of Illinois’ regulated marijuana industry who argue that unregulated hemp products… Keep Reading
The Alaskan House of Representatives recently voted on May 10 in a 36-3 vote to approve a bill that implements much needed tax reform. House Bill 119 would change its $50 per ounce tax on cannabis to just a 7% tax, which was a recommendation from an Advisory Task Force on Recreational Marijuana. If HB-119… Keep Reading
The Vermont House of Representatives voted in favor of S.114 on May 8, which would create a working group to study the pros and cons of allowing psychedelic-assisted therapy, as well as determine what regulations would entail. S.114 was first read in the Senate on March 1, and passed on March 27. It was read… Keep Reading
On May 2, the Alaska House of Representatives recently approved House Bill 228 in a 36-4 vote, which would establish a task force to regulate various psychedelic-assisted therapies. The official name of the group will be Alaska Task Force for the Regulation of Psychedelic Medicines Approved by the United States Food and Drug Administration. Passing… Keep Reading
The Connecticut House of Representatives this week passed a bill to regulate ingestible hemp products, with lawmakers saying the legislation is necessary to protect the public from the potentially harmful effects of hemp-derived cannabinoids. The House approved the measure, House Bill 5150, by a vote of 130-16 on Tuesday, less than three months after it… Keep Reading
