Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.
Here at The Blunt Truth, we are well aware of the difficulties cannabis businesses face in obtaining financial services. It turns out, even political groups that support marijuana legalization can face a problem with banks.
- California marijuana PAC seeking ‘sensible regulation’ launches despite banking challenges
(Marijuana Business Daily: News, 10 October 2018)
A new cannabis political action committee, Californians for Sensible Regulation of Adult Use, is looking to raise $300,000 by 2020 to support industry-friendly candidates for public office in key jurisdictions of the state.
In the latest installment of “people changing their minds on marijuana,” the Mormon Church and cannabis advocates have reached a compromise on legalizing medical marijuana ahead of next month’s election, which features a ballot initiative to allow MMJ.
Groups reach tentative compromise over Utah medical marijuana policy
(Deseret News, 2 October 2018)
Those behind the campaign to legalize medical marijuana and some of its most vocal opponents have reached a tentative agreement on what medical marijuana policy should look like in Utah, the Deseret News has learned.
As we reported last week, the Food and Drug Administration has allowed the sale of Epidiolex, which contains CBD derived from cannabis. Apparently, that’s not the only move on marijuana the agency has made recently.
FDA Calls for Public Comment on Cannabis Rescheduling
(Ganjapreneur, 10 October 2018)
FDA officials have put out a call for public comment about the potential rescheduling of cannabis and several other substances.
Despite Michigan’s prohibition against cannabis-infused beverages, alcohol companies are actively pursuing the market.
- Molson Exec To Head Cannabis Drinks Arm; New Age Readies CBD Drinks
(Investor’s Business Daily: Business, 5 October 2018)
A former Molson Coors exec will head its cannabis-drinks JV, called Truss. New Age Beverages is fielding requests for its CBD drinks.
And this just in: the Border Patrol has revised its lifetime ban against Canadians involved in cannabis.
US Border Patrol Updates Lifetime Ban Policy
(Ganjapreneur, 11 October 2018)
The U.S. Customs and Border Protection Agency (CBP) has announced that Canadians who work in the legal cannabis industry will generally be allowed to enter the United States.