CANNASWEEP

WEEK OF JUNE 21, 2024

 

CannaSweep will be on hiatus given the Congressional recess and federal holiday. We will resume the week of August 5*

 

OFW’s Cannabis Team regularly monitors cannabis news, legislation, regulation, and policy so our clients stay up-to-date on the latest developments impacting their business. If you have any questions or would like more information about any of the items below, please contact us.

 

We also track cannabis-related legislation introduced in the U.S. Congress.  If you would like to learn more about our Congressional Bill Tracker, please reach out to Ben Dash

 

Cannabis Rescheduling/Descheduling

  • Pro-cannabis arguments for why FDA is not the appropriate body to regulated (STAT Opinion)
  • Opposition to rescheduling marijuana from Smart Approaches to Marijuana (SAM), including complaints that the government’s planned rescheduling of marijuana to Schedule III of the Controlled Substances Act amounted to a politically motivated move, SAM requests a 30-day extension to the comment period on the Proposed Rule.

U.S. Congress

  • House GOP strips language aimed at protecting banks from cannabis crackdowns.
  • A GOP-controlled House committee has voted to maintain a federal ban blocking Washington, D.C. from creating a system of regulated adult-use marijuana sales. Rep. Eleanor Holmes Norton (D-DC) said she will work to remove anti-home rule riders as the bill moves through the legislative process.
  • Sen. Cantwell (D-WA) says DEA rescheduling marijuana without Congress “is good.”
  • Sen. Sinema (I-AZ) said, “that’s a question for Chuck Schumer,” Sinema says when asked about Senate never voting on marijuana

The States

Cannabis Abroad

  • Netherlands: The Dutch experiment with regulated marijuana production, which aims to pave the way for a closed chain of growers and retailers, expands nationwide on Monday, with 10 towns and cities now taking part.
  • Canada: Marijuana companies owe over a quarter-billion in taxes
  • Australia: Legalize Cannabis WA MP Brian Walker has vowed to keep fighting for reform – and hopes for “saner minds” to soon debate cannabis legalization – after the party’s personal use bill was formally rejected by the state Labor Government.

Customs and Trade

  • U.S. border patrol agents would be prevented from using its funds to seize marijuana from state-licensed businesses under a newly filed amendment to a large-scale spending bill.

Business, Banking, Insurance

Other Noteworthy Updates

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If you are interested in exploring commercial opportunities in the cannabis space, we would be happy to assist you in any of your cannabis law questions, comments, or concerns. Please contact Tish Pahl (tpahl@ofwlaw.com), Kyla Kaplan (kkaplan@ofwlaw.com), Denise Calle (dcalle@ofwlaw.com), and Ben Dash (bdash@ofwlaw.com) for assistance.

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