Approval for the The Secure and Fair Enforcement Banking Act, known as the SAFE act, is gaining steam with Attorney Generals from 33 states and 5 territories officially endorsing the bill and are urging Congress to approve the bill.
Currently, marijuana dispensaries have to work on a purely cash basis, putting their safety at risk and making properly regulating the businesses difficult. They are unable to use financial institutions because marijuana is still illegal under federal law, which could lead to these institutions being charged under federal money laundering laws.
The movement is gaining steam; in March, the House Financial Services Committee approved the marijuana banking bill in a bipartisan vote of 45 to 15. Many financial associations and organizations, such as the American Bankers Association, as well as drug policy reform groups, have endorsed or publicly supported the legislation. The lead sponsor, Rep. Ed Perlmutter, believes that passing the SAFE act is a must considering the size and growth of the marijuana industry.
There are billions of dollars across the cannabis industry, most of it in cash, and this creates a market that is grayer than that many were hoping for thanks to legalization. Passing the SAFE act is an important first step if we hope to see federal legalization sometime in the near future.
The Alabama Senate approved a bill, in a 17 to 6 vote, to legalize medical marijuana on May 9th. The legislation would allow patients 19 and older to obtain medical marijuana for certain conditions: cancer, autism, epilepsy, multiple sclerosis, post-traumatic stress disorder, anxiety, depression and all terminal conditions.
A commission to oversee the program would be established. Patients would have to have tried traditional treatment options and also be subject to random drug testing.
Rep. Senator Tim Melson, the bill’s sponsor, hopes that through medical cannabis the consumption of prescribed opioids will diminish.
The senate’s approval of the bill may be considered a success, and it now heads for the House Health Committee instead of the Judiciary Committee, where it could’ve been in trouble. Medical marijuana seems to be coming to Alabama, however a bill to decriminalize marijuana, replacing jail time with a fine for low-level possession, was rejected by the Judiciary Committee and recreational marijuana is not in the state’s near future plans.
The traditionally conservative South is beginning to support marijuana bills, which were considered unimaginable just a couple of years ago. This shows how many people’s stances towards cannabis are slowly changing which can truly help all those who need cannabis to help their conditions.
A new government bureau, the Belgian Cannabis bureau, will launch to oversee local cannabis production. The bureau will operate inside the Belgian Federal Agency for Medicine and Health Products. It will authorise private companies to produce cannabis and will also be responsible for the import and export of medicinal cannabis.
In December 2018, legislative proposals were announced that if adopted would allow the federal government to invest in research into the use and potential benefits of medicinal cannabis and cannabis oil.
The proposals would formally ask the federal government to acknowledge medicinal cannabis and cannabis oil as medical products under applicable Belgian law. It would also further expand the list of medical conditions for which persons are allowed to be prescribed cannabis oil.
The government will also soon issue a tender to grow certain amounts of cannabis, and the Cannabis bureau will purchase cannabis from those companies directly with a view to distributing the cannabis for research purposes.
Source: Health Europa
Residents of the Colorado city chose to vote in favour of decriminalizing the drug by a slim margin of 51% to 49%. The Initiative 301 prohibits the city government from imposing criminal penalties against adults over 21 years of age for personal use and possession of psilocybin, the active ingredient in so-called “magic mushrooms.
Colorado was ahead of the curb on marijuana legalization and is now moving towards the next step: the legalization of other drugs. This new measure will create a new debate about the already incredibly active drug policies. With most democratic presidential candidates supporting cannabis legalization, this may be a new differential factor in the upcoming elections.