Treasury secretary blasts Congress over cannabis banking (Newsletter: April 8, 2022)

Treasury secretary blasts Congress over cannabis banking (Newsletter: April 8, 2022)
MJ moment

DEA: marijuana seeds are legal hemp; OK legalization initiative cleared; SC medical marijuana bill approved; NY cananbiz tax cut; MT sales Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Email address: Leave this field empty if you’re human: Your support makes Marijuana Moment possible… Paid for by readers like you. Marijuana Moment’s newsletter and in-depth cannabis reporting is made possible by the 700+ people who subscribe to us on Patreon. Support our work for $25/month and gain access to valuable insider data, exclusive interview audio, and more: / TOP THINGS TO KNOW The Drug Enforcement Administration has clarified that marijuana seeds are not considered illegal controlled substances as long as they contain less than 0.3 percent delta-9 THC. Of course, it’s still prohibited to grow the resulting marijuana—but the seeds themselves are defined as “hemp.” Treasury Secretary Janet Yellen said it’s “extremely frustrating” that Congress has not passed a marijuana banking bill, and that her department supports getting it done through the America COMPETES Act or as a standalone. “We would like to see that happen.” The Oklahoma Supreme Court cleared a proposed marijuana legalization initiative from a challenge that was filed by an activist with another campaign that’s pursuing its own separate cannabis measures for the 2022 ballot. The South Carolina House Medical, Military, Public and Municipal Affairs Committee approved a Senate-passed medical cannabis bill—over the objection of a representative who filed more than 100 amendments (only one of which was adopted). It now heads to the House floor. New York…

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Source : Treasury secretary blasts Congress over cannabis banking (Newsletter: April 8, 2022)

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