In this week’s edition:
New Senate Banking Committee leadership open to cannabis industry reforms New Jersey General Assembly moves forward on a recreational cannabis regulatory regime European Union high court rules CBD not a controlled substance And more… Federal
New US Senate Panel Chair Could Boost Prospects for Cannabis Banking Reform – Pat Toomey, Republican senator from Pennsylvania and incoming chair of the chamber’s Banking Committee, is open to making traditional financial services accessible to cannabis companies. Toomey is seen as friendlier to the industry than the current committee chair, Senator Mike Crapo of Idaho. Toomey told Politico he was “sympathetic to the idea that people who are involved in [the] cannabis industry—in an entirely legal fashion, in the state in which they operate—ought to be able to have ordinary banking services.”
CA – Lori Ajax, who leads the California Bureau of Cannabis Control, is resigning her post effective December 2. Ajax was initially appointed by Governor Jerry Brown to oversee the first phase of cannabis regulation.
HI – Hawaii has amended its medical cannabis program to allow out-of-state patients to apply for a 329-V card allowing them to access dispensaries in the state for up to 60 days. A 329-V card can be used at any of Hawaii’s state-licensed medical cannabis dispensaries on the islands of O’ahu, Maui, Hawaii Island and Kaua’i.