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Is Congress Closer to Reforming the Cannabis Industry’s Access to Financial Services?

Veriheal

Historically, it has been difficult for cannabis-related businesses to access reliable financial services due to its illegal federal status. Many people wonder if Congress has made any progress in passing legislation to remedy this recently. How Will Access to Financial Services Improve with the Passage of the MORE Act?

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A Strategy for Rescheduling Psilocybin

Canna Law Blog

To acknowledge its impressive safety record and potential for treating depression more effectively than existing therapies, the Food and Drug Administration designated psilocybin a breakthrough therapy in 2018 and 2019 for treating drug-resistant depression and major depressive disorder. But only if it is made affordable and accessible.

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Schumer Introduces Legislation “Cannabis Administration & Opportunity Act” … Everybody Has An Opinion

Cannabis Law Report

This is big: Today @SenBooker @SenSchumer and I are releasing our draft legislation to end the federal prohibition of cannabis. Senate Leadership Releases Draft Legislation to Make Cannabis Federally Legal. Legislation opens doors for cannabis policy reform in the current Congress. Summary-Schumer-Booker-Wyden. WASHINGTON, D.C.

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The Week in Weed: May 15, 2020

The Blunt Truth

The latest proposal submitted by House Democrats, entitled the HEROES Act, includes a provision that would allow “…access to financial services to cannabis-related legitimate businesses and service providers…” The language is from the SAFE Banking Act passed by the House last year. So let’s get started.

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Psilocybin-Alcohol Study, FDA’s Psychedelic Guide, & the NCAA’s Cannabis Overhaul Begins

Veriheal

The document also addresses study participant safety emphasizing how psychedelics’ psychoactive effects increase the potential for abuse. Lastly, the guide lays out the complex DEA registration process researchers much navigate to gain access to plants like psilocybin.

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Colorado Could Legalize Psychedelics This November

Veriheal

In a statement to The Denver Post, Natural Medicine Colorado—which sponsored the act—said “the measure is designed to prioritize mental health and healing, while balancing safety and access.” ” The spokesperson added, “Those are the sole motivations for the design of the initiative.

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US Hemp Roundtable: Press Coverage Provides Sneak Peak Into U.S. Hemp Roundtable Virtual Fly-In

Cannabis Law Report

Ed Perlmutter (D-CO) and Andy Barr (R-KY) all opined on the progress of the SAFE Banking Act legislation that they’ve been industriously working on; Reps. Kurt Schrader (D-OR) and Morgan Griffith (R-VA) discussed the progress of HR 841, their legislation that would stop the current FDA stalemate and regulate CBD now. By Kyle Jaeger.

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