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ARTICLE · 04 JULY 2022

The Week In Weed: July 1, 2022

Seyfarth Shaw LLP
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Welcome back to The Week in Weed, your Friday look at what's happening in the world of legalized marijuana.

United StatesCannabis & Hemp
Susan Ryan
Susan Ryan
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Welcome back to The Week in Weed, your Friday look at what's happening in the world of legalized marijuana.

Congress removed marijuana banking from the COMPETES Act. In other federal news, a House Appropriations committee passed a cannabis-friendly amendment to a DOJ funding bill. Meanwhile, in Nebraska, signature collecting continues for a ballot initiative. Turning our attention abroad, Switzerland considers changes to its medical marijuana rules. And finally, Major League Baseball welcomes CBD sponsors.

safe banking

If sponsors of the SAFE Banking Act are feeling like Sisyphus right about now, one can hardly blame them. With each new Congress comes a new introduction of this bill that would allow cannabis businesses to use the banking system. And in each Congress, the bill remains "just a bill." The most recent defeat for the legislation came late last week, when the provision was dropped from the COMPETES Act. But hey – a new Congress starts in January...

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