Congressman Introduces Legislation to Reschedule Cannabis, More State Legislatures Consider Legalization Proposals: Week in Review

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<![CDATA[This week, U.S. Rep. Greg Steube (R-FL) introduced the Marijuana 1-to-3 Act to move cannabis from Schedule I to Schedule III of the Controlled Substances Act. At the state level, lawmakers in North Dakota and Florida introduced adult-use legalization proposals, while a Kentucky legislator put forth a measure to legalize medical cannabis.Here, we’ve rounded up the top 10 headlines you need to know before this week is over.Federal: U.S. Rep. Greg Steube (R-FL) has introduced the Marijuana 1-to-3 Act to move cannabis from Schedule I to Schedule III of the Controlled Substances Act. Although rescheduling would lift the burden of tax code 280E and make cannabis research easier, the move would not end federal prohibition entirely. Read moreCalifornia: The California Department of Food and Agriculture (CDFA) has filed proposed emergency regulations with the Office of Administrative Law (OAL) to implement Assembly Bill 1525, which became law in September to provide the state’s licensed cannabis businesses broader access to financial services. The new law provides a safe harbor for banking institutions doing business with cannabis companies and essentially makes it easier for cannabis businesses to start relationships with banks. Read moreAfter a judge ruled that cannabis billboards are illegal on California roads that cross state borders, the Bureau of Cannabis Control (BCC) has issued a notice announcing new rules for the advertisements. Under the new regulations, cannabis companies cannot place new billboard ads on any interstate highway that crosses the California border, and businesses must remove any current billboards placed along these roads. Read moreNorth Dakota: Rep. Jason Dockter has sponsored an adult-use cannabis legalization bill, despite his opposition to legalizing cannabis in the state. Dockter believes legalization is inevitable as more states regulate cannabis within their borders, and says lawmakers should draft a legalization proposal instead of leaving the issue…

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Source : Congressman Introduces Legislation to Reschedule Cannabis, More State Legislatures Consider Legalization Proposals: Week in Review

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