Cannabis updates...CB1 Capital 7-9-22
-U.S. Senator Ron Wyden Says He Hopes For Cannabis Banking Reform Bill Before August Congressional Recess...Senators Blast Biden Administration's 'Extraordinarily Disappointing' Marijuana Stance, The senators said that DOJ took six months to respond to a previous October 2021 letter urging the attorney general to use his authority to unilaterally start the process of federally descheduling marijuana. “We still don’t know the precise when (midterms are in five months) or the exact how (a standalone SAFE+ / CAOA-lite would def address more of the issues but will it have enough votes? And was a boilerplate SAFE attached to the NDAA as an end-around should the broader (yet far from comprehensive) bill falter? Either way, we don’t foresee congressional leadership returning to their home states without functional banking for their social justice initiatives and the market, which foresaw this cyclical sludge well before the rest of us will price-in these developments.”
-New Mexico Cannabis Sales Near $38M In June
-California Eliminates Cannabis Cultivation Tax
-Oklahoma: Advocates Turn In Signatures To Place Adult-Use Legalization Measure On November Ballot
-Arkansas Activists Set To Turn In Double The Signatures Needed To Put Marijuana Legalization On Ballot
-Missouri Cannabis Industry Marks $30.9 Million In Sales For June
-Pennsylvania Marijuana Banking And Insurance Bill Heads To Governor's Desk...(this is state stuff, not federal) “A Pennsylvania bill that includes provisions to protect banks and insurers in the state that work with licensed medical marijuana businesses is heading to the governor’s desk following a House vote on Friday.”
Germany's Move To Legalise Cannabis Expected To Create 'Domino Effect' “A draft bill is expected within the second half of 2022. Europe’s largest economy joining Canada and California in legalising cannabis for recreational use could create momentum to change the UN convention that restricts the cultivation of the plant and also puts pressure on neighbouring European states to follow Germany’s lead.”
Lastly...the closer we get to November the scarier it’s going to get...”In the meantime, the harassment and death threats haven’t stopped against those who have pushed back against the false claims. The threats have contributed to an exodus of election officials across the country, particularly at the local level, and made recruiting poll workers even harder — adding to the challenges of conducting smooth elections in the fall.” ...and, they will bring guns...jmo.
AI
