Vermont House approves adult-use bill
A recreational cannabis market could soon be heading to Vermont.
Wednesday morning, Senate Bill 54 passed the House of Representatives in a sweeping 90-54 preliminary vote. If approved, the state would create a Cannabis Control Board, tasked with distributing licenses and overseeing wholesalers and testing laboratories. A 20% tax would also be applied to all products, with a majority of revenue allocated towards public work projects, K-12 public schools, and health organizations.
The House is expected to cast their final vote later this week; without any unforeseen sudden changes, the bill will likely head to the Senate, which has approved robust adult-use bills in recent past.
Lebanon officials legalize cannabis cultivation
Wednesday morning, a key Lebanon parliament committee passed a bill that would legalize cannabis cultivation, albeit a very strict one.
Under the current bill, pharmaceutical companies would be the only group of potential licensees. But a local economic impact is still heavily touted by supporting officials, who claim local farmers will enter legally-binding contracts with these companies, supplying them with a consistent buyer who presents an opportunity for exponential growth.
A recent study published by McKinsey and Co. suggests the country could amass up to $1 billion (U.S. dollars) if cannabis is legalized.
Cannabis rule-changes could be coming to the NFL
The National Football League is due to create a new collective bargaining agreement this Summer.
A majority of headlines addressing the potential changes surround the total number of preseason games, an extended playoffs, players salaries, and an improved drug and mental health league-wide policy.
If players get their wishes, owners will no longer be able to suspend players who test positive for cannabis, and players would seldomly be tested, reducing the current testing window of 4 months to just two weeks.
With other major leagues like the MLB and NHL recently adjusting their cannabis policies, it’s a real possibility that dramatic cannabis changes are applied to the NFL’s 2020 season.
Expansion could be headed to West Virginia’s medical program
The West Virginia Senate passed a bill Wednesday morning that would bring significant reform to the state’s current medical cannabis program.
Senate Bill 752 would introduce flower and edibles to a market that currently only allows pills, creams, and tinctures to be produced for all patients. It would also create less barriers for physicians to enter the program, encouraging a greater, more diverse population of health officials involved with the program.
SB752 also extends the number of licenses for medical cannabis growers, testing laboratories, and processing and security services. If approved, expect West Virginia’s MMJ program to quickly blossom.