SLEEKSCAPE'S 2022 CANNABIS & MARIJUANA MANIA GRAND SALAMI -- PART II

[sleekscape]

New York Lawmakers Overcome Marijuana Legalization ‘Impasse’ And Expect Bill In ‘Next Day Or So’

https://www.marijuanamoment.net/new-york-lawmakers-overcome-marijuana-legalization-impasse-and-expect-bill-in-next-day-or-so/


Sleek

[sleekscape]

National Framework for CBD by Summer 2021

Now is a good time to circle back to something I originally posted in January 2021

In this article titled “2021: The Year of Positive CBD Policy Changes,” Jonathan Havens predicted “it seems that the White House could clear the enforcement policy sometime this year, perhaps mid-second quarter.”

Today’s Validcare news that CBD is safe for the liver at typical OTC doses would seem to clear the area for landing of FDA’s CBD Enforcement Discretion Policy in his estimated timetable

Here is the final sentence in this article:

The confluence of the release of FDA’s CBD enforcement policy and the reintroduction of legislation to permit CBD as a dietary ingredient could mean that the framework for a national uniform CBD policy standard could be in hand by this summer.

Full article:

https://hempindustrydaily.com/2021-the-year-of-positive-cbd-policy-changes/


Sleek

[sleekscape]

Investigators report to FDA no evidence of liver toxicity in the 839 adults consuming oral CBD

VALIDCARE’S CLINICAL STUDY REPORTS PRELIMINARY RESULTS OF CBD LIVER SAFETY

https://validcare.com/press/validcares-clinical-study-reports-preliminary-results-of-cbd-liver-safety/

Thank you Patrick for letting all of us know!

Validcare is another hero of the Hemp & CBD industry that deserves widespread acknowledgement for what they’ve done


Sleek

[sleekscape]

This is huge news, thanks for posting it CannaBeast

The liver data for CBD looks fantastic

It’s now time for the FDA to put out their Enforcement Discretion Policy — they say they wanted to see the liver safety data, well here it is

It’s also time for HR 841, The CBD Legalization Bill, to start picking up some real momentum


Sleek

[CannaBeast]

Huge step forward for the CBD industry as this trial proved no liver toxicity in the 839 participants

HempFusion Wellness Announces Toxicology Results from Validcare’s Clinical Study on CBD Liver Safety

https://www.businesswire.com/news/home/20210323005376/en/HempFusion-Wellness-Announces-Toxicology-Results-from-Validcare’s-Clinical-Study-on-CBD-Liver-Safety

[sleekscape]

Now what’s the point of opening up banking and investment into CBD products while leaving them federally illegal?

It simply doesn’t make any sense

Unlike with MJ, whose THC-related psychoactivity is the biggest impediment to legalization, the current CBD Legalization Bill excludes THC, so with the Legalization of Hemp-Derived CBD Products, the main objection of THC-related psychoactivity does not exist

This is why it makes the most sense for CBD Products to be legalized before MJ Legalization is passed

The sensible order is Hemp Legalization >>> Hemp-derived CBD Products Legalization >>> MJ Legalization

The one potential issue remaining with CBD is the question of whether or not it will have any impact on the liver

So we may still need the data on liver safety from the Validcare study

After being delayed by Covid, that study began in August 2020 and as far as I know has now concluded

The findings from that study, which will answer the question of whether low-dose CBD products have any impact on liver function, are expected to be published shortly

If the data look good, it’s hard to see why any real objection to CBD Legalization would remain


Sleek

[sleekscape]

Here’s the language in The SAFE Banking Act covering banking for the Hemp & CBD industry

It is very explicit now, which is a vast improvement over the previous version of The SAFE Banking Act

Pages 15-19 here:

https://hempsupporter.com/assets/uploads/The-SAFE-Banking-Act-of-2021.pdf


Sleek

[sleekscape]

The SAFE Banking Act is Back

Jonathan Miller doing what Jonathan Miller does:

https://hempsupporter.com/news/the-safe-banking-act-is-back

If Congress passes CBD Legalization as an attachment to The SAFE Banking Act in 2021, I believe the most credit for getting it done should go to the following people, in this particular order:

1) Mitch

2) Jonathan

3) Chuck

Miller has worked tirelessly to make this happen for us

The least we can do is support his efforts and take a few seconds to send this letter to your House Rep:

https://hempsupporter.com/state-action/nationwide/urge-your-members-of-congress-to-support-the-safe-banking-act


Sleek

[sleekscape]

Marijuana Banking Reform Will Advance In The House Before Legalization, Congressman Says

Key excerpts:

Perlmutter said on Friday’s call that he’s discussed the SAFE Banking Act with Brown and is assured that “they plan to take it up,” but first it’s the responsibility of the House to approve it.

“Precisely how they amend it or change it, I don’t know,” he said. “They may narrow it, they may expand it, but that’s for the Senate, and then if there’s a difference, I’ll talk to my cosponsors, my team here, and we’ll see whether we all want to go to a conference or not and what we can accept and what we can’t.”

“I think this is going to get a full legislative review, and we’re going to get a good product, a good piece of legislation, and send it to the White House,” he said.

https://www.marijuanamoment.net/marijuana-banking-reform-will-advance-in-the-house-before-legalization-congressman-says/


Sleek

[sleekscape]

Utah Legalizes CBD in Food and Beverages

https://hempsupporter.com/news/a-victory-in-ut-but-work-to-do-in-ak-mt-and-tn


Sleek

[sleekscape]

Schumer Marijuana Bill Will Stop Big Alcohol And Tobacco From Dominating Market, He Says

Silly to use this as the headline, article is pretty good and videos are worth watching:

https://www.marijuanamoment.net/schumer-marijuana-bill-will-stop-big-alcohol-and-tobacco-from-dominating-market-he-says/


Sleek

[sleekscape]

Cuomo Caves On Marijuana Homegrow And Equity Funding, Top New York Senator Signals

https://www.marijuanamoment.net/cuomo-caves-on-marijuana-homegrow-and-equity-funding-top-new-york-senator-signals/


Sleek

[sleekscape]

Marijuana Banking Bill Reintroduced In Congress With Broad Bipartisan Support From More Than 100 Lawmakers

https://www.marijuanamoment.net/marijuana-banking-bill-reintroduced-in-congress-with-broad-bipartisan-support-from-more-than-100-lawmakers/

Key Excerpts:

Rep. Ed Perlmutter (D-CO) reintroduced the legislation, titled the Secure and Fair Enforcement (SAFE) Banking Act. The measure cleared the House along largely bipartisan lines during the last Congress, but it did not advance in the Senate under Republican control.

With Democrats now in control of the House, Senate and White House, industry stakeholders are optimistic that the legislation stands a solid chance of becoming law this year.

A new companion Senate version of the bill is expected to be filed next week.

The bill has been slightly revised this session to expand banking protections to explicitly include hemp and CBD businesses


Sleek

[Bluejay333]

*House Members Reintroduce Cannabis Banking Bill

*Legislation Would Allow Regulated Cannabis Companies to Access Banking Products, Services

[sleekscape]

I would expect to see a Senate version of The SAFE Banking Act to be reintroduced within the next week or so

That’s really the site of all the most important legislative action on cannabis in 2021


Sleek

[sleekscape]

We are off to a pretty promising start to 2021

Just 2.5 months in, and we’ve already seen the reintroduction of CBD Legalization on 2/4/21:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162052688

And now today, it’s been announced that The SAFE Banking Act will be reintroduced tomorrow 3/18/21

2021 is a different ballgame than 2016, but there are some striking similarities between what we saw happen in the cannabis sector in early 2016 and what we’ve seen thus far in 2021 — in addition, the temporal setup in 2021 for a future mania mirrors the setup in 2016

In 2016, we saw a large 420 rally in the cannabis sector in the March/April timeframe, followed by a selloff

Several months later in 2016, we experienced the last multi-month cannabis mania in America with the elections serving as the catalyst

In 2021, we’ve seen a large rally in the cannabis sector in Jan/Feb (with several days of mania) triggered by mere talk of MJ Legalization, followed by a selloff

The catalysts for the first multi-month cannabis mania in America since 2016 are definitely out there for us right now

The SAFE Banking of 2021 (MJ/Hemp/CBD) and CBD Legalization (Hemp/CBD)

So let’s see what Chuck and Mitch can do — the recent news about allowing earmarks for the upcoming infrastructure bill was a nice start, because it increases the probability of bipartisan agreement and passage

So let’s see what this Democratic-majority Congress can do for cannabis

Will they get the job done?

Stay tuned


Sleek

[sleekscape]

Congressional Marijuana Banking Bill Will Be Reintroduced On Thursday

https://www.marijuanamoment.net/congressional-marijuana-banking-bill-will-be-reintroduced-on-thursday/


Sleek

[sleekscape]

Now we’ve seen the reintroduction of the first 2 cannabis bills I’ve been looking for in 2021, Legalization of MJ/Hemp/CBD Banking and CBD Legalization:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161621173


Sleek

[sleekscape]

That’s huge news, thanks for letting me know

I’ve been wondering when the House was going to reintroduce Banking Legalization for MJ/Hemp/CBD

Now we have a legit chance of passing The SAFE Banking Act in 2021 and the upcoming infrastructure bill is looking like a pretty good candidate for its attachment

CBD Legalization could be attached to The SAFE Banking Act as well

Here’s my take on The SAFE Banking Act of 2021 written 1 month ago — nothing has changed since that time so I’m reposting it here:


The Outsized Importance of The SAFE Banking Act Of 2021

One of the big keys to the cannabis sector in 2021 is The SAFE Banking Act, which would open up banking for both MJ and Hemp/CBD

It’s also most likely the best legislative vehicle to which CBD Legalization (Hemp-derived CBD Products) can be attached:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161621173


The SAFE Banking Act is an actual and tangible piece of legislation that is ready to move through the Senate in 2021

The reason why The SAFE Banking Act should be passed in 2021 is that it doesn’t make sense for Dems to try to legalize in 2022 without having passed the SAFE Banking Act first

There are a number of reasons why this approach — SAFE Banking in 2021 and MJ Legalization in 2022 — is the most rational

Here are the 2 most important ones from my perspective:

1) Passing the SAFE Banking Act in 2021 makes it more likely that MJ Legalization can attract enough votes in the Senate in 2022 to actually hit the floor — 60 votes are required with the filibuster in place

So if the goal is to pass MJ Legalization before the elections, then what can Dems do legislatively beforehand to increase the odds of being successful?

Passing the SAFE Banking Act in 2021 is the single biggest thing they can do, because once the financial side of things is opened up, investors will flood the sector with money and the momentum to legalize MJ in 2022 will reach an entirely different level — money will drive the MJ Legalization movement through the finish line — that’s what will motivate the handful of Republican Senators needed to pass the MJ Legalization Bill who are currently sitting on the fence — all the talk right now is about social justice being a key driving force, but that’s largely a Democratic ideal — money is the bigger factor for Republicans

2) If the Dems don’t pass The SAFE Banking Act in 2021 and they attempt to pass MJ Legalization in 2022 and are not successful, then they might wind up with nothing

No Banking, No Legalization

It would be great to get legalization, as that would probably resolve the banking issue

But if legalization fails in 2022, then Dems could wind up with NOTHING to show for their efforts and may very well lose the Senate and/or the House in 2022 — if that occurs, the MJ industry could be stuck in neutral for the foreseeable future

That’s the last thing the Democratic Party wants to see happen

The SAFE Banking Act is likely to wind up being the biggest direct catalyst for MJ & Hemp/CBD stocks in 2021 — the prospects of MJ Legalization right now are the biggest indirect catalyst for the cannabis sector, at least until they become more of a direct catalyst after the bill is filed and starts attracting cosigners

The SAFE Banking Act alone would become the biggest federal catalyst to ever hit the cannabis sector thus far

If CBD Legalization is attached to it, the catalyst would be that much stronger for CBD stocks

With the passage of Banking Legalization for MJ and Hemp/CBD in 2021, the anticipation of the potential for MJ Legalization in 2022 would then be tied into the sentiment-driven narrative offered up by Democrats and broadcast by the media — The MJ Legalization story has great potential to take the American cannabis sector to its greatest heights in history in 2021

But it really all starts with The SAFE Banking Act, so its reintroduction into the House and Senate is the first step in this process

Regards,
Sleek

[Bluejay333]

Congressional Marijuana Banking Bill Will Be Reintroduced On Thursday

[sleekscape]

Schumer Weighs In On New York Legal Marijuana Talks, Applauding Legislature And Snubbing Cuomo

https://www.marijuanamoment.net/schumer-weighs-in-on-new-york-legal-marijuana-talks-applauding-legislature-and-snubbing-cuomo/


Sleek

[sleekscape]

U.S. hemp production rule—on verge of taking effect—draws praise

https://www.naturalproductsinsider.com/regulatory/us-hemp-production-ruleon-verge-taking-effectdraws-praise


Sleek

[sleekscape]

Why the Alcohol Industry Is Betting Big on Cannabis

As legalization increases, drinks companies see huge opportunity in the THC and CBD beverage space

https://daily.sevenfifty.com/why-the-alcohol-industry-is-betting-big-on-cannabis/


Sleek

[sleekscape]

Democratic Senators Elevate Federal Cannabis Reform To High Priority

SAFE Banking Act remains the most sensible 1st step for Chuck and friends

This is a worthy read:

https://www.forbes.com/sites/roberthoban/2021/03/15/democratic-senators-elevate-federal-cannabis-reform-to-high-priority/?sh=78e9ca97ba90


Sleek

[sleekscape]

NY 'very close' to passing legal marijuana bill

https://www.whec.com/news/ny-very-close-to-passing-legal-marijuana-bill/6043662/?cat=565


Sleek

[sleekscape]

CBD Has Beneficial Effects on Alzheimer’s in Mice, Study Finds

https://wholefoodsmagazine.com/news/main-news/cbd-has-beneficial-effects-on-alzheimers-in-mice-study-finds/


Sleek

[sleekscape]

Deal Imminent On New York Marijuana Legalization Bill As Governor Touts Progress

https://www.marijuanamoment.net/deal-imminent-on-new-york-marijuana-legalization-bill-as-governor-touts-progress/


Sleek

[sleekscape]

Industry group clarifies hemp definition in wake of Delta-8 THC confusion

https://www.nutraingredients-usa.com/Article/2021/03/10/Industry-group-clarifies-hemp-definition-in-wake-of-Delta-8-THC-confusion#


Sleek

[sleekscape]

For hemp CBD bill, third time’s a charm

https://www.agri-pulse.com/articles/15511-for-hemp-cbd-bill-third-times-a-charm


Sleek

[sleekscape]

I think ISOLF is a uniquely positioned publicly traded company with an emphasis on the cannabidiol formulation most likely to receive FDA’s 1st approval for national sales — CBD Isolate

They also offer CBD products in all 4 major categories — Foods, Beverages, Supplements and Topicals — and have a pharmaceutical angle, international distribution, retail penetration into Vitamin Shoppe and a focus on athletics and sports

They also seem to have put a significant amount of thought into the positioning of their company moving forward based on possessing more than just a superficial understanding of the CBD sector:

https://www.benzinga.com/markets/cannabis/20/10/17840713/isodiol-executives-discuss-company-shift-towards-cbd-consumer-markets

So it has “merits on its own” as well as being “in position to increase when a rising tide lifts all boats”

It was trading in the .06-.08 range when it entered the portfolio, and performed very well during the few days of frank manic action in the cannabis sector we saw in February, and since that’s the primary goal of this portfolio, it was a nice confirmatory signal

Like every other stock trading on the OTC, it has its positives and negatives, its benefits and its risks, so doing your own DD is always recommended

In terms of individual stock weightings in a diverse cannabis portfolio that covers American MJ, American CBD, CBD Beverages and CBD Supplements, the optimal weighting isn’t likely to be static over time

These are dynamic times and depending on which of the 3-4 major federal catalysts move to the forefront as we move thru 2021 — MJ Legalization, CBD Product Legalization, MJ/Hemp/CBD Banking Legalization and FDA Enforcement Discretion Policy for CBD Products — the optimal compositional weightings will vary

Spontaneous catalysts will also likely play a role moving forward — for example, just because the market didn’t react to Molson-Coors and Canopy launching CBD Beverages, that doesn’t mean the market wouldn’t react to the 1st major retail chain that breaks the ingestible ice and starts carrying CBD Beverages in multiple states or the 1st mainstream American Beverage company that announces clear interest in producing a line of CBD Beverages

Likewise for MJ stocks, we still haven’t seen the equivalent of what sparked the late 2017 cannabis mania in Canada, when Constellation Brands took a 10% stake in Canopy Growth nearly a year before Canada passed MJ Legalization

I really like AMMJ based on a long list of favorable characteristics — the arc of company development anticipated to occur over the next 12-24 months, opportunity to enter before it becomes an MSO, chart history with huge runups during prior manias, slow pace of dilution, small float, 99th percentile IPA score, etc — so I view it as a must own in the MJ sector


Sleek

[sleekscape]

NPA, others support CA CBD bill while still advocating for federal solution

https://www.nutraingredients-usa.com/Article/2021/03/11/NPA-others-support-CA-CBD-bill-while-still-advocating-for-federal-solution


Sleek

[sleekscape]

A Success Story for Hemp in Kentucky

https://hempsupporter.com/news/a-success-story-for-hemp-in-kentucky


Sleek

[sleekscape]

Federal Marijuana Reform Requires Bipartisan Compromise, Former GOP Congressional Staffer Says (Op-Ed)

https://www.marijuanamoment.net/federal-marijuana-reform-requires-bipartisan-compromise-former-gop-congressional-staffer-says-op-ed/


Sleek

[sleekscape]

Top New York Lawmaker ‘Really Encouraged’ By Marijuana Legalization Talks With Governor

https://www.marijuanamoment.net/top-new-york-lawmaker-really-encouraged-by-marijuana-legalization-talks-with-governor/


Sleek

[Colts2019]

Sleek,

Bought ISOLF a few weeks back when it made the salami list. Did well the first couple days when all these stocks went up. Lately it has been drifting lower. Bid and ask far apart making buying more or selling some tough.

My question: Do you feel ISOLF has merits on its own or do you feel it is in position to increase when "rising tide lifts all boats?"

I'd also ask: If someone owns no salami stocks, do you favor equal % ownership of all or higher % in favored stocks (AMMJ?)?

Thanks in advance. Appreciate all the time/effort you put into your board.

[sleekscape]

Top New York Lawmaker Says Legal Marijuana Talks With Governor Reached Point Of Screaming

https://www.marijuanamoment.net/top-new-york-lawmaker-says-legal-marijuana-talks-with-governor-reached-point-of-screaming/


Sleek

[sleekscape]

Mexico’s Chamber Of Deputies Approves Revised Marijuana Legalization Bill

https://www.marijuanamoment.net/mexicos-chamber-of-deputies-approves-revised-marijuana-legalization-bill/


Sleek

[cuckoo 4 cocoa puffs]

"So I’m undeterred by the action across the cannabis sector over the past few weeks"

Well Said Sleek!

[sleekscape]

The True Significance of Final Covid Stimulus Bill Passing Congress

Congress has been completely tied up with Covid for 1 full year now, ever since March 2020 when the first Covid Stimulus Bill hit the floor

As a result, not much other than Covid-related bills have been able to move thru Congress for the past 12 months — issues like cannabis were placed on the back burner, along with nearly all other forms of legislation

With multiple vaccines having been successfully developed in an incredibly short timeframe, which is a truly historic medical achievement, and their dissemination into arms across America now well underway, the pandemic is now widely expected to dissipate as we move thru the Spring and deeper into 2021, so for all of us, the real significance of this final Covid Stimulus Bill being signed into law by Biden this week is that Congress is finally open for business again for non-Covid related bills

Now this doesn’t mean bills like The SAFE Banking Act or CBD Legalization are going to automatically pass next week or next month

But what it does mean is that these 2 bills in particular now have a reasonable chance of moving thru Congress in 2021, and that’s why I’m very excited to be invested in the MJ and Hemp/CBD sector this year

The Legalization of MJ is another bill which is expected to be drafted and filed in 2021, and though I believe any possibility of its passage won’t take place until 2022, that won’t stop this possibility from being talked about, and given the fact that the complete descheduling (like alcohol) and legalization of MJ is the largest and most exciting catalyst in the history of the cannabis sector, even the concept of MJ Legalization will also clearly continue to possess the potential to spark up the cannabis sector again in 2021

Now I’m not here for mere talk of passing legislation, which obviously created tremendous excitement throughout the cannabis sector earlier this year

Talk has never led to a cannabis mania before, so it was really amazing to see a few days of truly manic action in February merely based on talk, something I never expected to see

What we all witnessed last month was entirely unprecedented, as actual events have triggered all prior manias we’ve seen in the cannabis sector — in 2014, 2016, 2017 (Canada) and 2018

And that’s what I’ve always anticipated will trigger any cannabis mania in 2021 — but based on what happened in January and moreso in February 2021, I certainly won’t dismiss the concept that talk alone can cause the cannabis sector to heat up again and possibly trigger a mania — dismissing that possibility entirely and ignoring the fact that the catalysts in 2021 are actually considerably more significant than what we’ve seen in prior cannabis manias — Colorado launching sales of Rec MJ in 2014, multiple states listing Rec MJ on the ballot in 2016 with Clinton’s support of rescheduling MJ from Schedule I to Schedule II (legalization of Med MJ which would now require a prescription from a physician with Rec MJ still remaining federally illegal), and California launching sales of Rec MJ in 2018 — would be a foolish thing to do

Federal Legalization of MJ & Hemp/CBD Banking, Federal Legalization of CBD Products and Federal Legalization of MJ are all legislative catalysts that would completely transform the cannabis industry, taking these respective cannabis sectors from their current status — state-by-state patchwork economies filled with uncertainty and risks — and turning them into fully national and legal industries, thereby elevating the financial ceiling of both industries immediately, causing an overnight stampede of investor interest into these sectors

The promise of 2021 is undoubtedly fantastic and whether we see none, one or two of these events occur in 2021 is something for which I’m very willing to exercise patience — whatever happens between now and then is immaterial to me, so if there are lulls in the action moving forward, as we have seen occur during the past few weeks, that’s perfectly fine with me — lulls aren’t going to be predictive of the future in 2021 unless they are accompanied by a change in future potential of any of these cannabis bills passing thru Congress, and thus far in 2021 I’ve seen nothing that changes the potential for either The SAFE Banking Act or CBD Legalization to pass Congress this year

And if we are so fortunate to watch the SAFE Banking Act pass thru Congress, it’s only going to increase the fervor and intensity of the MJ Legalization talk as well as increase the probability of its future passage in 2022, so there’s a big added bonus to the passage of cannabis banking legalization as well

So I’m undeterred by the action across the cannabis sector over the past few weeks, which I should mention has also nearly exactly mirrored the action in the Nasdaq index itself, continuing to feel very patient given the significance of the multiple catalysts that lay in front of us, and quietly observing the action


Sleek

[GreasyPT]

Historic Gentlemen!

[sleekscape]

The Senate passed Biden’s $1.9 trillion stimulus bill – here’s what’s next

https://www.cnbc.com/2021/03/06/the-senate-passes-biden-stimulus-whats-next.html


Sleek

[sleekscape]

Marijuana Legalization Bill Has ’60-40' Odds Of Passing, Connecticut Governor Says, Adding He’s Open To Homegrow

https://www.marijuanamoment.net/marijuana-legalization-bill-has-60-40-odds-of-passing-connecticut-governor-says-adding-hes-open-to-homegrow/


Sleek

[sleekscape]

Mexican Lawmakers Circulate Amended Marijuana Legalization Bill That’s Set For A Vote On Monday

https://www.marijuanamoment.net/mexican-lawmakers-circulate-amended-marijuana-legalization-bill-thats-set-for-a-vote-on-monday/


Sleek

[sleekscape]

Mexico moves closer to becoming the world's largest legal cannabis market

https://www.nbcnews.com/news/world/mexico-moves-closer-becoming-world-s-largest-legal-cannabis-market-n1259519


Sleek

[sleekscape]

I love this guy...

He’s not a fan of MJ but is ready to legalize it anyway for the government revenues...

This is West Virginia we are talking about...

West Virginia Governor Would Support Taxing The ‘Absolute Crap’ Out Of Marijuana To Replace Income Tax

https://www.marijuanamoment.net/west-virginia-governor-would-support-taxing-the-absolute-crap-out-of-marijuana-to-replace-income-tax/


Sleek

[sleekscape]

New York CBD Regs Expected Soon


New York: Last October, New York published proposed regulations for the establishment of a Cannabinoid Hemp Program. Once finalized, the regulations will govern processing, manufacture, and sale of cannabinoid hemp products in New York. We expect final regulations to be issued soon.


Jonathan Miller’s US Hemp Roundtable is a powerful organization — they’ve even convinced a conservative state like Utah to legalize CBD as a Food and Beverage Additive — this bodes well for the expected future introduction of The CBD Food and Beverage Legalization Bill in Congress in 2021:

Utah: As we discussed here, SB 39 originally was a very problematic bill that imposed age restrictions on CBD products and banned the introduction of CBD into food and drink. We ran an email campaign opposing the bill.

Legislators listened. And acted.

The bill has been dramatically amended for the better. It now explicitly authorizes the production, sale, and use of CBD products added to conventional food if the product is packaged, contains no more than 25mg of CBD per serving (the same amount as New York’s proposed regulations – discussed below), and is not marketed to children. The bill also authorizes adding CBD to alcoholic beverages if the beverages are not marketed to children.

https://hempsupporter.com/news/legislators-listened-now-we-need-to-get-good-hemp-bills-across-the-finish-line


Sleek

[sleekscape]

Marijuana Legalization Bill Sponsored By Maryland Senate Leaders Gets Hearing As Lawmakers Work To Merge With House Plan

With Virginia’s recent passage of Rec MJ Legalization, Maryland is now in the same spot as New York with New Jersey’s recent passage of Rec MJ Legalization

So this is another test of the neighboring state theory in 2021:

https://www.marijuanamoment.net/marijuana-legalization-bill-sponsored-by-senate-leaders-gets-hearing-as-lawmakers-work-to-merge-with-house-plan/


Sleek

[sleekscape]

CBD Food/Beverage Current Status and Expectations for 2021

This article does a nice job of summarizing the 2021 outlook for CBD Food & Beverages:

https://www.fooddive.com/news/canopy-growth-to-sell-cbd-infused-sparkling-water-online-in-us/596099/


Sleek

[sleekscape]

Decline In Banks Working With Marijuana Businesses Has ‘Leveled Off,’ New Federal Data Shows

https://www.marijuanamoment.net/decline-in-banks-working-with-marijuana-businesses-has-leveled-off-new-federal-data-shows/


Sleek

[sleekscape]

Stimulus bill could pass Senate by end of this week

Nice description of the legislative process and schedule here:

https://www.fox13memphis.com/news/trending/stimulus-bill-schumer-says-he-has-votes-pass-bill-that-includes-1400-check-400-unemployment-benefits/VY4LXIXASRHB3FXJ5YX63K7V7U/


Sleek