Welcome to this Week in Cannabis News for Friday, September 22, 2023
There has been a flurry of activity in DC. A few weeks back we had the recommendation of the Department of Health and Human Services to reschedule cannabis from Schedule 1 to Schedule 3. That recommendation is now with the Drug Enforcement Agency. But there is also movement on SAFE Banking, although it’s now been renamed to SAFER Banking. It will get a mark-up in the Senate Banking Committee next week. https://thedalesreport.com/cannabis/former-safe-banking-opponent-sen-cory-booker-signs-on-as-co-sponsor-to-safer-banking-act/
The MORE Act was re-introduced in the House by Democrat Jerry Nadler of New York. Nadler is the ranking member in the House Judiciary Committee and the MORE Act stands for the Marijuana Opportunity, Reinvestment and Expungement - which would deschedule cannabis altogether. https://www.cannabisbusinesstimes.com/news/more-act-introduced-federal-cannabis-legalization-house-democrats/
At the beginning of August, Minnesota’s legalization measure went into effect, but really without the industry fully set up. Back then, Vicente’s Jason Tarasek in the Twin Cities shared that one of the big next steps was who was going to lead the Office of Cannabis Management. That person has been announced. https://www.startribune.com/cannabis-entrepreneur-to-lead-minnesotas-new-marijuana-agency/600306410/
Montana’s medical and recreational sales reached new heights in August with $28.6 million in sales.
For this week’s Cannabis Expert, we are bringing back a friend of This Week in Cannabis News Ali Amirhooshmand. Ali is Head of Government Relations at Dutchie and he is our person on the ground, in the halls of Congress, and with his ear to the ground. He shared updates on SAFER Banking Act, the MORE Act, and an update from the halls of Congress.
See you next Friday at Noon Eastern/9 AM Pacific on Dutchie’s LinkedIn page.