On Tuesday the state Senate approved a bill that would make California-chartered cannabis banks a reality. Last week the Association of State Treasurers announced its support of congressional legislation allowing banks to service legal weed enterprises. This week the Senate voted in favor 35-1.
Should Senate Bill 52 pass the upcoming Assembly vote, an industry plagued by restrictions on to bank access would have a game-changing win. In terms of overall impact, passage would further pressure Congress to legalize banking with the industry.
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A complete ban of cannabis businesses in Kern County went into effect on Friday, except for the free towns of California City and Arvin. The law firm Harris Bricken has filed an appeal claiming that Kern County shows "disregard for the will of the voters" in not providing residents an opportunity to overturn its REC ban. Meanwhile, delivery services became legal in Bakersfield this week.
Pick a lane, Bako!
The Californian / Bakersfield Now
It's fascinating how stabs at writing can go on for thousands of words and give you very little that's new, while a single Tweet can rock your world.
Has legalization achieved what Reagan could not have achieved? What J. Edgar Hoover only wished he could have done? Is the money-mad milieu of the Green Rush making lovely Mary Jane just another annoying cultural characteristic?
Among the opportunities coming out of the disheveled unfurling of American legalization is a slowed impact of corporatization on smaller operations. Federal folly functions as a shelter, and the industry often resembles Mr. Magoo on a good day.
The advent of co-ops is one happy accident that's seemingly taken hold.
Ongoing legal warnings on the uncertainty surrounding CBD commerce may be on their deathbead--at least in the Golden State. Prospects for CBD sales are all-time sunny after the Sacramento Assembly's Business and Professions, Health, and Appropriations committees unanimously passed AB 218, which removes all sales restrictions from all products containing the ingredient.
Yet, legal advisors continue to remind vendors that "virtually all products containing CBD are regulated by the FDA."
Green Camp/Cannabis Industry Journal
A New UC San Francisco report says that, though marijuana increases accident and abuse, it also indicates decreased hospitalization for chronic pain. That's only one of the health insights to emerge from the study that came out on May. 15.
“This unique transition to legalization provides an extraordinary opportunity to investigate hospitalizations among millions of individuals in the presence of enhanced access,” said Dr. Gregory Marcus, the study's senior author
On Thursday the Senate approved 33-0 to allow adult owners of pets to buy MED, with a permission note from their veterinarian.
Any enthusiast of burning bud who has left the crib since January of 2018 knows that the issue of where to smoke is only slightly improved from the old, pre-REC days.
In hotels the issue is particularly acute. (Is one really relaxing if they're on edge about pot?) Fortunately, some in local government and the hospitality industry are adjusting to present-tense realities better than others.
Seriously, who's larger in the culture than Seth? Snoop? Willie? Possibly. But GQ profiled the A-list actor --who told Desus and Mero that he's never been shot straight for a movie -- and managed to relegate the pot part of his doings in a stunningly tasteful manner. The word "cannabis" appears once, "marijuana" not at all.
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