House leadership confirmed on Friday that a bipartisan marijuana banking bill will receive a floor vote next week despite objections from several leading advocacy groups who want broader justice-oriented cannabis reforms to advance before what they see as an industry-focused proposal. The Secure and Fair Enforcement (SAFE) Banking Act, which cleared the Financial Services Committee…

Psychedelics with and without accompanying psychotherapy have been found to reduce symptoms associated with at least eight different psychiatric diagnoses, a new scientific review reports. “The conditions treated ranged from depression to autism, with the largest volume of research dedicated to substance use disorders,” the paper states. “The majority of studies that were reviewed demonstrated…

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The U.S. Senate’s top Democrat said on Thursday that Congress should go much further in enacting federal marijuana reform than just passing a cannabis banking bill. “We need decriminalization at the federal level, criminal justice reform, and investment in opportunity for minority & women-owned small businesses,” he tweeted, noting that a number of civil rights…

The sponsor of a bipartisan bill that would resolve banking issues in the marijuana industry is preparing to amend the legislation as a planned House floor vote approaches in order to bolster its appeal among GOP members. The bill, which currently has 206 cosponsors, including 26 Republicans, was revised to clarify that banking protections apply…

A bipartisan coalition of 26 House members sent a letter to the head of the Food and Drug Administration (FDA) on Thursday, urging the agency to provide a path for CBD products to be legally marketed. The letter comes one week after Reps. Chellie Pingree (D-ME) and James Comer (R-KY) circulated a “Dear Colleague” request…

Four major national financial associations sent a letter to House leadership on Thursday, expressing support for bipartisan marijuana banking legislation that’s expected to receive a floor vote next week. Meanwhile, 50 state banking associations sent a similar letter urging Congress to pass the bill. The American Bankers Association (ABA), Credit Union National Association (CUNA), Independent…

The Senate Appropriations Committee has again advanced a spending bill that includes a provision blocking Washington, D.C. from using its own local tax dollars to implement a legal marijuana sales program. The panel voted in favor of the Financial Services and General Government (FSGG) funding legislation for Fiscal Year 2020 during a hearing on Thursday,…

The federal government has awarded $3 million in grants for research into the therapeutic benefits of ingredients in marijuana other than THC, emphasizing their potential as alternatives to prescription opioids. In a notice published on Thursday, the National Institutes of Health (NIH) explained why the studies were necessary and listed grant recipients and the subjects…

O’Rourke proposes marijuana reparations grants; Senate report slams Schedule I cannabis research block; Colombian legalization bill gains support Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Email address: Leave this field empty if you’re human: Your…