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

[sleekscape]

Top Federal Drug Official Admits Legalizers Were ‘Right’ About Teen Marijuana Use And Touts Psychedelics’ Therapeutic Potential

https://www.marijuanamoment.net/top-federal-drug-official-admits-legalizers-were-right-about-teen-marijuana-use-and-touts-psychedelics-therapeutic-potential/


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Texas Ban On Smokeable Hemp Manufacturing And Sales Is Unconstitutional, Judge Rules

https://www.marijuanamoment.net/texas-ban-on-smokeable-hemp-manufacturing-and-sales-is-unconstitutional-judge-rules/


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Help Make Our California Dream a Reality for AB 45

https://hempsupporter.com/news/help-make-our-california-dream-a-reality-for-ab-45


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Ohio Attorney General Certifies 2022 Marijuana Legalization Ballot Petition

https://www.marijuanamoment.net/ohio-attorney-general-certifies-2022-marijuana-legalization-ballot-petition/


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Congressman Urges Passage Of Marijuana Banking Bill While Broader Reform Is Considered

https://www.marijuanamoment.net/congressman-urges-passage-of-marijuana-banking-bill-while-broader-reform-is-considered/


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Half Of Americans Have Tried Marijuana, New Gallup Poll Finds

https://www.marijuanamoment.net/half-of-americans-have-tried-marijuana-new-gallup-poll-finds/


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[sleekscape]

Sales are good:

https://www.marijuanamoment.net/four-states-report-record-breaking-marijuana-sales-in-july/

And the 2022 ballot is going to be loaded:

https://www.marijuanamoment.net/these-states-could-have-marijuana-and-psychedelics-legalization-on-the-ballot-in-2022/

But right now the market really only cares about the Senate passing cannabis legislation — MJ Legalization, CBD Legalization, MJ/Hemp/CBD Banking Legalization


Sleek

[sleekscape]

The sector is really what I follow, as that’s the primary determinant of cannabis stock prices

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165434355


Sleek

[Remember Tomorrow]

Hi Sleek. I haven’t paid too much attention lately. Any good things happening with SIPC these days?

RT

[sleekscape]

Hey Cappy

That’s true, historically the summer has been a nice loading zone

Stay cool,
Sleek

[sleekscape]

The entire cannabis sector is mired in the summer doldrums right now

The market is waiting for Chuck to file his bill and make the necessary changes to garner some Republican support in the Senate and for Validcare to publish its results on CBD’s liver safety (and impact on testosterone) in a medical journal — CBD Enforcement Discretion and CBD Legalization are already pending, but they’d be squarely on the table once the safety questions are publicly answered

If Chuck’s bill looks unlikely to pass, the expectation is that SAFE Banking is passed as a standalone bill, perhaps with CBD Legalization attached

I haven’t been posting on any boards except this one for quite awhile now


Sleek

[Killinit272]

What's you thought on $BLEG $KGKG and $CANB? I never see you posting there anymore.

[Captainandy]

#SALAMI_NATION: LOADING ZONE IN AUGUST cuckoo... GO SLEEK


BEST TIME OF THE YEAR....!

[sleekscape]

Mississippi Lawmakers ‘Very Close’ To Deal On Medical Marijuana Bill, Negotiators Say

https://www.marijuanamoment.net/mississippi-lawmakers-very-close-to-deal-on-medical-marijuana-bill-negotiators-say/


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Former Anti-Marijuana Congressman And Top Trump Health Official Joins Cannabis Company Board, Documents Show

https://www.marijuanamoment.net/former-anti-marijuana-congressman-and-top-trump-health-official-joins-cannabis-company-board-documents-show/


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Senate Committee Urges Rethink Of Hemp THC Limit And Pushes CBD Regulations

https://www.marijuanamoment.net/senate-committee-urges-rethink-of-hemp-thc-limit-and-pushes-cbd-regulations/


Sleek

[sleekscape]

Would be really nice to see Mexico get this done and turn the U.S. into a prohibition sandwich

Mexican Lawmakers Could Finally Legalize Marijuana Sales Next Month (Op-Ed):

https://www.marijuanamoment.net/mexican-lawmakers-could-finally-legalize-marijuana-sales-next-month-op-ed/


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[sleekscape]

Senators Vote To Expand Medical Marijuana Access For Military Veterans In Key Committee

Unreal that our veterans still don’t have access to MMJ, but this amendment would finally remedy this issue:

https://www.marijuanamoment.net/senators-vote-to-expand-medical-marijuana-access-for-military-veterans-in-key-committee/


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Senate’s Bipartisan Infrastructure Deal Aims To Let Researchers Study Marijuana From Dispensaries

https://www.marijuanamoment.net/senates-bipartisan-infrastructure-deal-aims-to-let-researchers-study-marijuana-from-dispensaries/


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Ohio Lawmakers Officially File Marijuana Legalization Bill In Historic First For The State

https://www.marijuanamoment.net/ohio-lawmakers-officially-file-marijuana-legalization-bill-in-historic-first-for-the-state/


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House Approves Marijuana Banking, Employment And D.C. Sales Provisions In Large-Scale Spending Bill

https://www.marijuanamoment.net/house-approves-marijuana-banking-employment-and-d-c-sales-provisions-in-large-scale-spending-bill/


Sleek

[sleekscape]

FDA and Congress need to break the logjam

Consumer brands coalition steps up CBD pressure

A coalition of consumer brands that includes Coca-Cola, PepsiCo and Kellogg is appealing to U.S. health regulators to get going on regulations to allow over-the-counter CBD.

https://hempindustrydaily.com/consumer-brands-coalition-steps-up-cbd-pressure/


U.S. House to FDA: Regulate CBD Now

https://hempsupporter.com/news/u-s-house-to-fda-regulate-cbd-now


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[sleekscape]

Congress Will Vote On Protecting All State Marijuana Programs From Federal Interference Under New Amendment

https://www.marijuanamoment.net/congress-will-vote-on-protecting-all-state-marijuana-programs-from-federal-interference-under-new-amendment/


Sleek

[sleekscape]

CBD Legalization Update + Latest Perspective on 3 Cannabis Bills

A few more recent cosponsors for CBD Legalization have signed on to HR 841, which continues to have strong bipartisan support, a vital feature of any bill that can pass the Senate:

https://www.congress.gov/bill/117th-congress/house-bill/841/cosponsors?r=2&s=4

— — —

ValidCare has proven through its research study that there aren’t any liver safety issues with CBD taken at typical daily OTC doses:

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

https://validcare.com/news/clinical-study-reports-cbd-liver-safety-results/

The publishing of that study in a medical journal remains pending

— — —

So we have 3 different cannabis legalization bills in play in this Congress:

MJ Legalization/Decriminalization (Chuck’s Bill)

MJ/Hemp/CBD Banking Legalization (SAFE Banking)

CBD Legalization


SAFE Banking remains the most likely cannabis legalization bill to pass this Senate

CBD Legalization is already part of Chuck’s MJ Decriminalization Bill:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165007325

CBD Legalization can also wind up being pared with SAFE Banking as well, so it has 2 separate chances to pass

Chuck’s MJ Bill is still in draft form and taking comments — there’s a pretty reasonable chance that we’ll see something akin to the STATES Act (exemption of MJ from Schedule of Controlled Substances rather than outright descheduling) in the final bill if the support for descheduling isn’t there:

3 Versions of MJ Decriminalization/Legalization

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164910659


Sleek

[sleekscape]

Senators Are Having Marijuana ‘Conversations’ With White House To Get Biden On Board With Legalization, Booker Says

https://www.marijuanamoment.net/senators-are-having-marijuana-conversations-with-white-house-to-get-biden-on-board-with-legalization-booker-says/


Sleek

[sleekscape]

D.C. Police Chief Says Illicit Marijuana Sales Tied To Violence As Congress Weighs Lifting Regulatory Blockade

https://www.marijuanamoment.net/d-c-police-chief-says-illicit-marijuana-sales-tied-to-violence-as-congress-weighs-lifting-regulatory-blockade/


Sleek

[sleekscape]

Chuck Schumer Discusses Strategy For Getting Enough Votes To Pass Marijuana Legalization Bill

https://www.marijuanamoment.net/chuck-schumer-discusses-strategy-for-getting-enough-votes-to-pass-marijuana-legalization-bill/


Sleek

[sleekscape]

Congressional Lawmakers Seek To Build Support For Amendment To Protect All Marijuana States From Federal Interference

https://www.marijuanamoment.net/congressional-lawmakers-seek-to-build-support-for-amendment-to-protect-all-marijuana-states-from-federal-interference/


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[sleekscape]

Schumer bill mandates legal pathway for CBD supplements, directs FDA to set safe upper exposure limit

https://www.nutraingredients-usa.com/Article/2021/07/15/Schumer-bill-mandates-legal-pathway-for-CBD-supplements-directs-FDA-to-set-safe-upper-exposure-limit#


Sleek

[sleekscape]

Rhode Island looks to legalize MJ via legislature this fall:

https://www.marijuanamoment.net/top-rhode-island-senator-says-lawmakers-are-discussing-a-marijuana-legalization-compromise-this-summer/


Missouri looks like it will join Maryland and place MJ Legalization on 2022 ballot

https://www.marijuanamoment.net/missouri-marijuana-activists-file-legalization-initiatives-for-2022-as-other-groups-prepare-separate-measures/


— — —


The more states that can pass MJ Legalization via legislature and/or place MJ Legalization on the 2022 ballot, the better the chances that a more conservative version of MJ Decriminalization will pass this Senate

Chuck’s current draft would completely remove MJ from the Schedule of Controlled Substances — that’s the most aggressive way to decriminalize MJ

The other 2 options, Warren’s STATES Act and a stronger version of the Cole Memo passed into law, would both technically leave MJ as a Schedule I Substance, which would be significantly more palatable to Republicans — it would be a way to acknowledge that MJ has some societal risks, which is what many of the older Republican Senators believe, while also allowing states to determine for themselves whether or not they want to legalize MJ — states’ rights are what the Republican party is all about

Chuck’s draft will surely evolve moving forward, and incorporating Warren’s version of decriminalization would definitely increase support amongst Republican Senators

Would personally prefer to see SAFE Banking hit the Senate as a standalone bill, but for now Chuck has decided to use it as a sweetener for decriminalization — passing SAFE Banking first remains a viable option and clearing the committee process is a mandatory step in order to hit the floor — Sherrod (not somebody like Cory Booker) would determine the timing of that move, as he is Chairman of the Senate Banking Committee


Sleek

[sleekscape]

Surgeon General Says Stop Locking People Up For Marijuana

https://www.marijuanamoment.net/surgeon-general-says-stop-locking-people-up-for-marijuana/


Sleek

[sleekscape]

The east coast is turning into the leaf coast, and it’s great to see Maryland planning a 2022 ballot initiative, but it would be even better to see some additional red states on the ballot, since citizenry votes for MJ Legalization in nearly all states are expected to pass in the future

This could help garner more Republican support for SAFE Banking + some form of Federal MJ Decriminalization to pass through the current Senate

SAFE Banking is favored to pass this Senate right now — that’s the consensus out there with 8 Republican cosponsors already signed on

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164910659

There are multiple legislative forms of MJ Decriminalization, and the STATES Act or Cole Memo form of MJ Decriminalization are both far more conservative and therefore have a more realistic chance of passage than the mechanism of decriminalization contained in Chuck’s current draft, so it wouldn’t be surprising to see Chuck’s bill language shift moving forward to reflect that reality

https://www.marijuanamoment.net/top-maryland-lawmaker-pledges-to-put-marijuana-legalization-on-2022-ballot/


Sleek

[sleekscape]

MJ Legalization


Latest update 7/14/21:

Here Are The Full Details Of The New Federal Marijuana Legalization Bill From Chuck Schumer And Senate Colleagues

https://www.marijuanamoment.net/here-are-the-full-details-of-the-new-federal-marijuana-legalization-bill-from-chuck-schumer-and-senate-colleagues/


3 Senate Democrats draft plan to end federal ban on marijuana

https://www.cbsnews.com/news/ending-federal-ban-on-marijuana-senate-plan/


7/14/21 commentary on the legislative possibilities moving forward, with an eye on 3 different versions of MJ Decriminalization:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164910659


— — —


Key Chairman Plans To File Revised Federal Marijuana Legalization Bill In House As Early As Next Week

https://www.marijuanamoment.net/key-chairman-plans-to-file-revised-federal-marijuana-legalization-bill-in-house-as-early-as-next-week/

So Nadler’s House MJ Legalization Bill will likely be filed between 5/25-5/28, followed by Chuck’s Senate MJ Legalization Bill


— — —


Sector commentary as of 5/20/21:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163937642


Sector commentary on 2021 thus far and outlook as of 4/19/21:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163294479


— — —


Schumer Says Federal Marijuana Legalization Bill Will Hit Senate Floor ‘Soon’

https://www.marijuanamoment.net/schumer-says-federal-marijuana-legalization-bill-will-hit-senate-floor-soon/


Democratic Senate Leaders Announce Steps To Federally Legalize Marijuana In 2021

https://www.marijuanamoment.net/democratic-senate-leaders-announce-steps-to-federally-legalize-marijuana-in-2021/


Top Senate Democrats: We’ll Legalize Marijuana

https://www.forbes.com/sites/chrisroberts/2021/02/01/top-senate-democrats-well-legalize-marijuana/?sh=444db8ba215e


Schumer Provides Some Specifics About His Upcoming Marijuana Bill

The videos are worth watching as well:

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


Sleek

[sleekscape]

Schumer and Senate Democrats unveil proposal to federally decriminalize marijuana

https://www.cnn.com/2021/07/14/politics/schumer-marijuana-proposal/index.html


Sleek

[sleekscape]

The MJ Decriminalization bill Chuck unveiled today is only in draft form and they will be taking comments on it during the next six weeks before putting out the final bill

There are a number of possible options for modifications that may make it more palatable for some of those Senators who are sitting on the fence

There are varying degrees of decriminalization, and it makes sense to start with the most liberal option in the first draft of the bill to allow room for negotiation to a more conservative interpretation in the finalized version


— — —


The spectrum of decriminalization legislation covers the following possibilities:

1) Complete removal of MJ from The Schedule of Controlled Substances (first draft of Chuck’s bill released today)


2) Exemption of MJ from the Schedule of Controlled Substances in those states where MJ has been legalized (Elizabeth Warren’s STATES ACT)

MJ would still technically remain a Schedule I substance, but in MJ-legal states it would be treated as if it were completely removed from the schedule, thereby opening up banking and solving the 280E taxation issue

There’s a nice explanation of the STATES ACT here:

https://www.cannabistradefederation.com/safe-banking-act


3) A stronger version of the Cole Memo

Federal government would not interfere in any MJ-legal states (still Schedule I without any exemption) + provisions for banking and taxation (this is where the exemption language would come into play)


— — —


The 3rd option would undoubtedly garner the most votes

The 2nd option, Elizabeth Warren’s STATES Act, would certainly have a better chance of passing the Senate than Chuck’s current bill language, and it may be the most realistic option for passage on the table right now

It would be absolutely fantastic to get any version of MJ Decriminalization + MJ/Hemp/CBD Banking

That being said, regardless of what occurs with decriminalization, the legalization of all forms of cannabis banking via The SAFE Banking Act of 2021 as a standalone bill appears to be the main fallback option — we want the whole enchilada, of course, but SAFE Banking in and of itself would certainly be a great consolation prize


Sleek

[cuckoo 4 cocoa puffs]

It's Habbeningggggggg! Incredible News Sleek; Everything is About to Turn GRREEEN...

[sleekscape]

3 Senate Democrats draft plan to end federal ban on marijuana

https://www.cbsnews.com/news/ending-federal-ban-on-marijuana-senate-plan/


Sleek

[sleekscape]

Here Are The Full Details Of The New Federal Marijuana Legalization Bill From Chuck Schumer And Senate Colleagues

It’s a very comprehensive bill covering all of the key areas except for banking, preserving the possibility that SAFE Banking remains a standalone bill

Some will call it legalization, others will call it decriminalization — Chuck’s bill removes MJ completely from the Schedule of Controlled Substances while allowing individual states to choose whether to legalize or not

https://www.marijuanamoment.net/here-are-the-full-details-of-the-new-federal-marijuana-legalization-bill-from-chuck-schumer-and-senate-colleagues/


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[sleekscape]

Senate Marijuana Bill Would Open Up Banking, Stock Exchanges

https://www.bloomberg.com/news/articles/2021-07-13/schumer-s-pot-bill-said-to-open-up-banking-stock-exchanges


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[sleekscape]

First ever pro-MJ “Drug Czar” nominated by Biden

Historic and an excellent selection

https://www.marijuanamoment.net/biden-selects-white-house-drug-czar-who-helped-implement-state-marijuana-program-and-touted-medical-benefits/


Sleek

[sleekscape]

So now we know that Chuck is finally going to lay his cards on the table tomorrow

But that doesn’t necessarily mean that Chuck’s bill will be the first to cross the finish line

The SAFE Banking Act remains the lowest hanging fruit amongst all cannabis legalization bills (it’s already passed the House multiple times and probably has 60 votes in the Senate), so we could still wind up seeing it advance on its own in the Senate

On the other hand, Chuck could attach The SAFE Banking Act to his MJ Decriminalization/Legalization Bill with the goal of using cannabis banking as the sweetener for federal legalization

Here’s some good analysis about several of the legislative options on the table and what we could see happen moving forward:

https://www.benzinga.com/markets/cannabis/21/07/21944819/more-smoke-signals-from-capitol-hill-whats-going-on-with-cannabis-legalization


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Schumer To Unveil Federal Marijuana Legalization Bill On Wednesday

https://www.marijuanamoment.net/schumer-to-unveil-federal-marijuana-legalization-bill-on-wednesday/


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WADA is rightly calling out the U.S.

World Anti-Doping Agency Says U.S. Bears Responsibility For Marijuana Ban That Led To Richardson’s Suspension

https://www.marijuanamoment.net/world-anti-doping-agency-says-u-s-bears-responsibility-for-marijuana-ban-that-led-to-richardsons-suspension/


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[sleekscape]

SAFE Banking Act would take care of this issue once and for all

https://www.marijuanamoment.net/10-senators-demand-that-marijuana-businesses-be-allowed-to-access-federal-sba-loans/


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White House Invites Comment On How Drug Policies Create ‘Systemic Barriers’ For ‘Underserved Communities

https://www.marijuanamoment.net/white-house-invites-comment-on-how-drug-policies-create-systemic-barriers-for-underserved-communities/


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FBI Loosens Marijuana Employment Policy For Would-Be Agents

https://www.marijuanamoment.net/fbi-loosens-marijuana-employment-policy-for-would-be-agents/


Sleek

[sleekscape]

I ran across this quote today in a Bloomberg article and would love to see this timeline pan out:

“The highly anticipated marijuana bill expected from U.S. Majority Leader Chuck Schumer is likely to arrive in July, Curaleaf’s Jordan said at the Cantor Fitzgerald presentation.”

https://www.bloomberg.com/news/articles/2021-07-06/precision-pot-takes-aim-at-unpredictable-highs-cannabis-weekly

The cannabis sector awaits Chuck’s delivery


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Marijuana Industry ‘Will Continue To Grow,’ Federal Economic Panel Says While Recommending Classification Changes

https://www.marijuanamoment.net/marijuana-industry-will-continue-to-grow-federal-economic-panel-says-while-recommending-classification-changes/


Sleek

[cuckoo 4 cocoa puffs]

SIPC's On Fire Today Sleek!

[sleekscape]

More Hemp Progress on Capitol Hill

https://hempsupporter.com/news/more-hemp-progress-on-capitol-hill


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