Dentons Weekly Cannabis Update

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Summary

Rob Nichols, president and CEO of the American Bankers Association, predicts that the House will pass cannabis banking legislation by October. House Majority Leader Steny Hoyer (D) intends to put the cannabis banking legislation on the floor by the end of September. Ohio refused to add anxiety and autism as medical cannabis qualifying conditions to allow cannabis as an alternative to currently available treatments, such as prescribed amphetamines that are used to treat autism disorders. New Mexico has more than 77,000 participating patients, including 33 who are seeking medical cannabis to reduce suffering from opioid use or addiction. The data reflects that one out of every eight dollars spent on vapes has shifted to other cannabis products in California.

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In this week’s edition:

Plans to vote on cannabis banking legislation announced in both chambers of Congress, with predictions that House will pass the SAFE Act by the end of October DEA increases the cannabis research quota Battle heating up over Florida ballot initiative to legalize cannabis for adult use FTC issues three CBD warning letters, reiterating that established FTC substantiation standards apply when advertisers make health-related representations for CBD products California Governor Gavin Newsom issues executive order targeting cannabis- and tobacco-containing vape products Data indicates cannabis-containing vaping...

Read the full article @ Cannabis Law Report