The Buzz on Medical, recreational weed legalization bills filed in NC

Science & Health3 months ago Increasing access to cannabis dispensaries is related to a considerable reduction in opioid-related deaths, according to a new study. "Greater ...

The U.S. Legislature on Monday passed legislation that would permit banks to supply services to marijuana business in states where it is legal, an action towards removing what experts say is a barrier to advancement of a national industry. Check For Updates voted 321-101 to authorize the expense and send it to the Senate. The bill clarifies that proceeds from genuine marijuana companies would not be thought about illegal and directs federal regulators to craft rules for how they would monitor such banking activity. Banks have normally been unwilling to do business with companies that sell marijuana or related products, fearing they might run afoul of federal laws.

The American Bankers Association has lobbied aggressively for the "SAFE Banking Act" costs. "Banks find themselves in a tight spot due to the conflict between state and federal law, with local neighborhoods encouraging them to bank marijuana companies and federal law restricting it," the group wrote in a letter to legislators on Monday. "Congress should act to solve this dispute." Thirty-six states have legislated medical cannabis while 17 states now permit adult usage, according to the National Conference of State Legislatures. Senate Bulk Leader Chuck Schumer, in an early-April interview with Politico, said he would attempt to advance legislation legalizing marijuana use for grownups.

TALLAHASSEE A questionable measure being contemplated by Florida legislators to cap the effectiveness of medical marijuana will apparently not end up being law this year. For weeks, House Bill 1455 seemed to have some momentum in the Republican-led Florida Legislature. In March, Republican politician lawmakers in two Home committees voted to advance the expense, which, among other things, would have capped the quantity of tetrahydrocannabinol (THC) in the cannabis offered to patients. (THC is the main psychoactive part of cannabis). The procedure would have needed to clear just another committee up until it might be heard on the Home floor: Health and Human Being Services.