New York regulators have launched a new resource meant to connect licensed marijuana businesses with banks that are willing to work with the industry, even as federal prohibition continues to pose barriers to financial services. The state Office of Cannabis Management (OCM) announced on Wednesday that it has created a Cannabis Banking Directory, which currently […]
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Category: Politics
Maryland Governor Pushes To Build On Mass Marijuana Pardons Through Bill To Expand Expungement Eligibility
Maryland Gov. Wes Moore (D) touted legislation in his State of the State address on Wednesday that would expand opportunities for people to have their criminal records for marijuana expunged, allowing people who violated terms of their parole or probation to petition courts to erase those records. In expressing support for the proposal, Moore referenced […]
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Cocaine Is ‘Not Worse Than Whiskey’ And Should Be ‘Sold Like Wine’ To Eradicate Drug Cartels, Colombia’s President Says
Cocaine is “not worse than whiskey,” Colombia’s president says, while arguing that cartels could be “easily dismantled” if the drug was legalized and “sold like wine.” During an hours-long government meeting on Wednesday, President Gustavo Petro claimed that cocaine is stigmatized and criminalized “because it is made in Latin America, not because it is worse […]
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GOP Congressman Wants To Talk With RFK Jr. About How ‘Marijuana Is Harmful’ As Trump’s Cabinet Pick Heads To Confirmation Vote
A GOP congressman says it’s “definitely” time to have a talk with President Donald Trump’s pick for head of the U.S. Department of Health and Human Services (HHS) to convince him that “marijuana is harmful” and that the way to make Americans healthy is by “limiting” its use. After Robert F. Kennedy Jr. was cleared […]
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Texas Lt. Gov. Touts Poll Result Backing Hemp Crackdown While Ignoring Support For Marijuana Legalization In Same Survey
Texas Lt. Gov. Dan Patrick (R) this week emphasized a survey result showing that more than half (55 percent) of Texans want the state to rein its largely unregulated market for hemp-derived THC. At the same time, however, he seemed to ignore the survey’s other findings: that even more Texans want the state to legalize […]
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Arkansas Lawmakers Approve Bill To Use Medical Marijuana Revenue To Fund Free Breakfasts For Students
Lawmakers in Arkansas advanced legislation on Wednesday that would set aside revenue from medical marijuana taxes to pay for free breakfast for students. The bill, SB 59, would supplement federal free and reduced-price meal funds with money from a state Food Insecurity Fund, paid for by cannabis taxes as well as private grants and money […]
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Pennsylvania GOP Leaders Say It’s Up To Governor To Push Marijuana Legalization Over The Finish Line
Pennsylvania GOP leaders are delivering their response to the Democratic governor’s latest budget request calling for marijuana legalization: If you want the reform enacted, you need to meaningfully come to the table with the legislature and craft a deal to get it done. Meanwhile, a top Democrat in the House suggested there’s still some splintering […]
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Cannabis banking discussed at Senate & House hearings (Newsletter: February 6, 2025)
Musk: drug test federal workers; 1st marijuana bill of new Congress; HI legalization vote; New MPP leader; Study: Legal cannabis reduces opioid Rx 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. Your support makes Marijuana Moment […]
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Bipartisan Senators Address Marijuana Industry Banking Challenges At Hearing Despite Chairman’s Focus On ‘Federally Legal’ Businesses
U.S. senators on both sides of the aisle addressed the lack of banking access for the marijuana industry at a committee hearing on Wednesday, with one GOP member suggesting that the issue warrants a broader examination of federal cannabis policies. Meanwhile, a separate House committee also met to discuss banking issues, where the marijuana industry’s […]
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Only Two Virginia Republican Lawmakers Voted To Legalize Marijuana Sales As GOP Governor Threatens Veto
“It’s great that this bill is getting Republican votes, but the one that matters is the governor, and yet he is unwilling to recognize that it is 2025 and not 1975.” By Markus Schmidt, Virginia Mercury Virginia’s legislature has once again approved legislation to create a regulated and taxed cannabis marketplace, and with both chambers […]
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