U.S. House Committee Rejects Cannabis Banking Measure

 

Title: The Latest: Fed uncertain on banking for marijuana firms

Author: Washington Post

Date: 13 June 2018

URL:  https://www-washingtonpost-com.cdn.ampproject.org/c/s/www.washingtonpost.com/amphtml/business/the-latest-markets-steady-ahead-of-fed-rate-announcement/2018/06/13/5cc87872-6ee7-11e8-b4d8-eaf78d4c544c_story.html?mc_cid=9ac0a57dad&mc_eid=178dec0b63

Extract:

Federal Reserve Chair Jerome Powell says the U.S. central bank has not resolved how financial institutions should deal with marijuana businesses.

Marijuana usage is permitted in some states, but not by federal law. Powell says the disparity puts Fed regulators in a very difficult position and that the Fed would love to see the hazy issue clarified.

He made the comments at a news conference following a Fed meeting at which the central bank raised its benchmark interest rate for the second time this year.

 

AURORA

Title: Marijuana Grower Aurora’s Buying Spree Continues With New Deal

Author: New Frontier Data

Date:  12 June 2018

URL: https://newfrontierdata.us10.list-manage.com/track/click?u=e779e5d3e9069a662ece76264&id=52a6a17adb&e=178dec0b63

Extract:

Aurora Cannabis Inc., the Canadian marijuana grower trying to complete the industry’s largest takeover, agreed to acquire yet another company as it races to expand its scale and reach ahead of legalization.

Bloomberg Business

Get the best of Bloomberg delivered to your inbox daily

Anandia Laboratories Inc. is set to be bought by Aurora for about C$115 million ($88 million) in an all-stock transaction, the companies said Tuesday in a statement. Closely held Anandia holds exclusive rights to some cannabis genetics, offers third-party testing, carries out plant breeding and operates an R&D laboratory in Vancouver and is building a separate lab and greenhouse complex in Comox, British Columbia.

 

DELAWARE

Title: Delaware marijuana bills on the move

Author: MPP

Date: 13 June 2018

Extract:

In the past 24 hours, there have been two significant advances toward modernizing Delaware’s marijuana laws. Yesterday, Rep. Helene Keeley put forth amendments to her marijuana legalization and regulation bill, HB 110, which address concerns and reduce the number of votes needed for passage. Then, this morning, the Senate unanimously approved a limited but important marijuana expungement bill!

Let them know it’s past time to end Delaware’s failed experiment with marijuana prohibition. Our software makes the process quick and easy. Just type in your contact info and your lawmakers’ names and phone numbers will appear — one at a time — along with some suggested talking points.

If you are a Delaware resident, call your lawmakers today, and urge them to support HB 110.

With the legislative session ending on June 30, there’s no time to waste. So, make a couple of calls to help make history! Then, spread the word on social media or by email, to ask other thoughtful Delawareans to speak out for sensible marijuana policies.

The post Delaware marijuana bills on the move appeared first on MPP Blog.

WASHINGTON

Improving Cannabis Science – Survey

Good morning,

I would like to ask you to participate in a web survey that the RAND Corporation, a nonprofit research organization, is conducting on cannabis consumption and purchasing patterns in Washington. The anonymous 10-minute survey can be accessed at www.420survey.org.

Five years ago, RAND fielded a similar survey to help the State of Washington better understand the cannabis market in the state. This updated survey has been approved by RAND’s Institutional Review Board. The Washington State Liquor and Cannabis Board is providing funding for creating the survey and analyzing the results.

Many thanks in advance for helping to improve cannabis science.

Best regards,

Beau Kilmer, P.h.D
Co-Director, RAND Drug Policy Research Center
Interim Director, RAND San Francisco Bay Area
Senior Policy Researcher, RAND
Professor, Pardee RAND