U.S. and State Legislators Address Diverse Cannabis-Related Issues

1.7 min readPublished On: April 22nd, 2024By

LOS ANGELES- Recent legislative developments across the United States reflect a broad spectrum of approaches to cannabis-related issues, from medical use and public safety to regulatory and expungement processes. These actions signify ongoing, nuanced dialogues within federal and state governments concerning the status and management of cannabis.

At the federal level, the Senate Foreign Relations Committee has moved to condemn Russia for the incarceration of U.S. citizen Marc Fogel over cannabis use, highlighting the medicinal necessity in his situation. Concurrently, Senator Jacky Rosen (D-NV) introduced a bill aimed at facilitating cannabis expungements, a measure that Senate Majority Leader Chuck Schumer (D-NY) is looking to incorporate into broader cannabis banking legislation anticipated to pass this year.

In a conflicting statement, Rep. Andy Harris (R-MD) claimed that the Director of the National Institute on Drug Abuse, Nora Volkow, opposes the rescheduling of marijuana, despite her support for moving cannabis out of Schedule I to aid research. This contradiction underscores the complexity and varying opinions within cannabis policy discussions.

On the state level, several significant initiatives have been advanced:
– Kentucky Governor Andy Beshear (D) signed a bill to expedite the medical cannabis business licensing process, marking progress in the state’s approach to cannabis management.
– New York Governor Kathy Hochul (D) spoke on the ongoing audit of the state’s marijuana business licensing process, ensuring compliance and fairness in the burgeoning industry.
– Colorado Senate passed legislation that could impact social media discussions on psychedelics and cannabis, though recent amendments have addressed some concerns about free speech related to cannabis.

Additionally, public safety remains a priority, as evidenced by a Marijuana Moment op-ed penned by a Colorado Department of Transportation official, urging caution against driving under the influence during cannabis celebrations.

These legislative activities highlight the evolving landscape of cannabis policy, where medical, recreational, and commercial aspects are increasingly recognized and integrated into formal legal frameworks. Each measure reflects a facet of the broader national conversation on how best to regulate, manage, and benefit from cannabis amidst differing public opinions and political stances.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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