Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.
Last week, we focused on Vermont’s legalization of recreational marijuana; this week we (re)turn our attention to Oklahoma.
- Oklahoma medical cannabis growers could face legal hurdle in obtaining seed
(Marijuana Business Daily: News, 5 July 2018)
Cultivators selected for Oklahoma’s emerging medical marijuana industry may face a challenge in starting up operations, particularly when it comes to obtaining seed.
- Efforts to Legalize Adult-Use Cannabis Progress in Oklahoma
(Ganjapreneur, 5 July 2018)
Hot on the heels of Oklahoma’s successful medical cannabis vote, advocates in the state are collecting signatures to put adult-use legalization on the November ballot, Oklahoma’s News 4 reports.
In other state cannabis legalization news, you may recall the roller coaster ride of marijuana in Maine. Here’s the latest twist in the story.
- Maine Lawmakers Overturn Governor’s Veto on Medical Marijuana Expansion
(High TImes: News, 10 July 2018)
Governor LePage has lost this battle.
Banking for the cannabis industry is a major problem, as regular readers of this blog know. Legislators on both the state and federal level are trying to change that.
- Governor Announces Further Action to Support Development of Medical Marijuana and Industrial Hemp Businesses in New York
(National Association of Insurance Commissioners: NAIC NewsWire, 5 July 2018)
New York Gov. Andrew Cuomo has directed the state’s Department of Financial Services (DFS) to provide guidance to support the safe and sound provision of banking services for medical marijuana and industrial hemp businesses.
- The STATES Act, Rooted in Federalism, Would Address Systemic Risk in Cannabis-Related Banking
(NextGen Financial Services Report, 28 June 2018)
For financial institutions interested in banking state-legal marijuana businesses, 2018 has been a rollercoaster. See our take on the STATES act here.
And in case you feel the need to keep up with the new names for marijuana, the DEA has got your back.
The DEA Has Released This Year’s Drug Slang Handbook
(Medicalmarijuana.com, 11 July 2018)
The U.S. Drug Enforcement Administration (DEA) has updated its list of slang terms for 2018, with some amusing results.