Reintroduction of SAFE Banking Act in Congress buoys marijuana industry, stock markets

Bipartisan legislation to reform federal banking laws and allow legal marijuana businesses easier access to financial services has been reintroduced in Congress, boosting cannabis stocks in Thursday trading and giving the industry hope for more bullish times ahead. The latest effort to pass the Secure and Fair Enforcement Banking Act, aka the SAFE Banking Act, […]

Texas House Passes Marijuana Decriminalization And Expungements Bill, Sending It To The Senate

The Texas House of Representatives passed a bill to decriminalize marijuana and create a process to facilitate cannabis conviction expungements on Thursday, officially sending it to the Senate for consideration. The 87-59 vote on the legislation from Rep. Joe Moody (D) comes one day after the chamber preliminarily approved the measure on second reading. Also on […]

Minnesota House Votes To Create Psychedelics Task Force As Part Of Omnibus Health Bill

The Minnesota House has passed an omnibus health bill that contains provisions to create a psychedelics task force meant to prepare the state for possible legalization. The large-scale Senate legislation was amended in the House earlier this month to include language from a standalone psychedelics measure sponsored by Rep. Andy Smith (D). It was further revised […]

Jamaica Officials Advocate for Support of Small Scale Cannabis Cultivation

The Jamaican Ministry of Industry, Investment and Commerce recently spoke out in support of small-scale cannabis farmers. According to the Jamaica Observer, State Minister Dr. Norman Dunn, the Alternative Development Programme (ADP) is still viewed as one of the best ways to help smaller cannabis growers enter the legal industry. “The ADP is a community-centered […]

Minnesota House Approves Adult-Use Cannabis Legalization Bill

The Minnesota House of Representatives this week passed a bill to legalize cannabis for adults and establish a regulatory system for recreational marijuana production and sales. The bill, House File 100, passed by a vote of 71-59 on Tuesday and will now head to the state Senate for consideration. All but one of the representatives […]

Senate GOP blocks vets cannabis research bill (Newsletter: April 27, 2023)

Bipartisan SAFE refiled in Congress; MN legal marijuana hits Senate floor; TX House approves cannabis decrim; ME interstate sales bill 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… Hold on, […]