Cannabis News

The Week in Weed: February 11, 2022


Welcome to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

We have an update on the SAFE Act as it makes another foray into the weeds of enactment. The state of Maryland is seriously discussing legalizing adult use. Meanwhile, the Tennessee Valley Authority said it would not supply electricity to marijuana growers with legal operations. We have news of a federal hemp bill that growers will welcome. And finally, you won’t see any cannabis commercials during the Super Bowl, but hemp does make an appearance at the Olympics.

security act

The House of Representatives passed the America COMPETES Act late last week, with the SAFE Act as an amendment. This makes the sixth time the House passed a provision allowing cannabis companies access to the federal banking system. So now it’s in the Senate, the graveyard of previous incarnations of the SAFE Act. What does Minority Leader Mitch McConnell (R-KY) say about this measure? “China has been steadily building up its military and economic might, and the Democrats’ response is to help Americans get high.” So not a fan. And he’s not the only one to have concerns; Rep. Ed Perlmutter (D-CO) is currently in negotiations with Majority Leader Chuck Schumer (D-NY) and Sen. Cory Booker (D-NJ) to see if any changes to the measure might win their support.

Maryland

As of this writing, medical marijuana is legal in Maryland, but adult-use marijuana is not. Now, all of that could change, as lawmakers recently introduced three different measures that would completely legalize cannabis. It’s hard to say who will emerge as a possible winner, but competition from neighboring Virginia could put some pressure on Annapolis to pull something off.

Tennessee Valley Authority

You might not expect to hear regional power company news in a marijuana blog, but this is just more proof that there’s a cannabis angle to every story. This article is about the new medical marijuana industry in, you guessed it, Mississippi. the Tennessee Valley Authority (VAT) has decided that as a federally owned utility, it must follow federal laws. Thus, no power for the pot.

hemp

Rep. Chellie Pingree (D-ME) introduced a bill this week that would address several concerns of the hemp industry. the Hemp Advancement Act of 2022 would allow hemp to contain 1% THC, compared to 0.3% currently. This would allow THC levels above 1% during extraction. The bill would also allow non-DEA labs to test the crop for THC and count delta-8 as part of the allowed amounts of THC.

and finally

The Super Bowl is coming this Sunday, and while there will be plenty of announcements to fill your time between games, you won’t see any for cannabis. It’s in a “restricted” category, and that means it’s do not arrive. Of course, you could see Snoop Dogg’s halftime show as an advertisement…

But it’s not just the Super Bowl this Sunday; the Olympics are also taking place. If you are a fan of luge and bobsleigh, know that the slide tracks are constructed with hemp.

Stay safe and be well everyone – we’ll see you next week!



#Week #Weed #February

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