Latest Cannabis News: July 11, 2023
Latest Cannabis News: July 11, 2023
Stay up to date with the latest legalization and cannabis news with the C.B. Advisors. Every week, we will release a snippet of what’s happening with each state in the cannabis industry. Did you miss last week? No worries – click here for last week’s cannabis news.
Medical
Ohio: Ohioans may decide in November whether the state should legalize recreational marijuana.
The Coalition to Regulate Marijuana Like Alcohol submitted over 222,000 signatures on Wednesday for a proposed law allowing adults to buy, possess and grow cannabis. Advocates have been working for over a year to put the proposal before voters as GOP leaders refuse to entertain an adult-use program.
Products would be taxed 10%, with revenue going toward administrative costs, addiction treatment programs, municipalities with dispensaries and a social equity and jobs program. A certain number of cultivator and dispensary licenses would be reserved for participants in that program, which aims to help those who are disproportionately affected by the enforcement of current marijuana laws.
Pennsylvania: Political efforts to legalize marijuana in the Keystone State continue after a previous bill failed. Senate Bill 846 was introduced on July 6 by Sens. Dan Laughlin (R- Erie County), Sharif Street (D-Philadelphia), Timothy Kearney (D-Delaware County), Wayne Fontana (D-Allegheny County) and John Kane (D-Chester and Delaware Counties).
The bill would create a Cannabis Regulatory Control Board that would take over some oversight powers from the Department of Health. The board would handle permits and applications from dispensaries that want to sell in the state.
Recreational
Missouri: Missouri’s marijuana businesses will have fewer obstacles when it comes to accessing banking, but they must now get fingerprint background checks from all their new employees and contractors, under legislation that Gov. Mike Parson (R) signed on Thursday.
Few banks nationwide serve cannabis businesses and their owners—or even their auxiliary partners —because most want nothing to do with a business that sells a product the federal government still considers illegal. That’s true even in states that have legalized marijuana.
The governor signed a wide-ranging public safety bill that in part allows the Department of Health and Senior Services, which oversees the state’s marijuana program, to share inspections and other information banks need to serve cannabis businesses.
Also under the legislation, everyone working in Missouri’s cannabis industry will now be required to submit to a fingerprint background check – the provision was part of a separate bill that the governor signed Thursday as well. Under the constitutional amendment that voters passed in November to legalize recreational marijuana, only the owners of cannabis companies were required to submit their fingerprints to the Missouri Highway Patrol for a criminal background check. Employees currently undergo a background check but aren’t required to be fingerprinted.
Source: https://www.marijuanamoment.net/marijuana-banking-bill-signed-into-law-by-missouri-governor/
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