Report: Federal Marijuana Legalization Would Create $86 Billion in New Tax Revenue by 2025

New Frontier Data, which claims to be “the authority in data analytics and business intelligence on the global cannabis industry”, today announced new economic data detailing the potential impact of federal cannabis legalization in the United States.

The federal legalization of medical and adult-use cannabis would create $86 billion in additional U.S. tax revenue between 2019 and 2025 and a $56 billion annual U.S. cannabis market by 2025, states the report. The New Frontier Data State of the Cannabis Union 2019 is now available for free download at the following link: https://newfrontierdata.com/SOTCU.

These findings, as well as comments by Congressman Earl Blumenauer (D-Ore.) and Congressman Lou Correa (D-Calif.) and insights from the world’s first cannabis testing lab Steep Hill and Top 10 U.S. tax firm CohnReznick, were presented during a briefing hosted by New Frontier Data in collaboration with The Liaison Group, a federal advocacy group working with federal lawmakers towards a safe and thriving cannabis economy.

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Minnesota Legislature to Consider Legalizing Marijuana

Legislation will be introduced today in the Minnesota House and Senate that would legalize and regulate marijuana for those 21 and older.

State lawmakers will introduce legislation today that would fully end marijuana prohibition in Minnesota while establishing a licensed, regulated and taxes system of marijuana businesses.

The legislation, sponsored by Senators Melisa Franzen (DFL) and Scott Jensen (R) in the Senate and Representatives Mike Freiberg (DFL) in the House, would make it legal for adults 21 and older to possess, grow, and purchase limited amounts of marijuana. The state would license and regulate businesses to cultivate, process, test, and sell marijuana to adults, and it would create and enforce strict health and safety regulations, such as testing and labeling requirements and restrictions on marketing to teens.

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Study: Long-Term CB2R Activation “Might Prevent Neuroinflammation and Oxidative Stress-Associated Sickness Behavior”

Activation of the cannabinoid receptor 2 (CB2R), something done naturally through the consumption of cannabis and cannabinoids, “might prevent neuroinflammation and oxidative stress-associated sickness behavior”, according to a new study.

The study, titled Cannabinoid receptor 2 activation mitigates lipopolysaccharide-induced neuroinflammation and sickness behavior in mice, is being published in the journal Psychopharmacology. It was epublished ahead of print by the U.S. National Institute of Health.

“Cannabinoid receptor 2 (CB2R) signaling in the brain is associated with the pathophysiology of depression”, states the study’s abstract. “Sickness behavior, characterized by lessened mobility, social interaction, and depressive behavior, is linked with neuroinflammation, oxidative stress, and immune system. The present study was aimed at evaluating 1-phenylisatin (PI), a CB2R agonist, in sickness behavior.”

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Washington Legislation to Raise Legal Age for Tobacco and Vapor Products to 21 Passed by House Committee

Washington State legislation to raise the legal age for purchasing and using tobacco and vapor products has been passed by its initial House committee.

House Bill 1074 was filed by State Representative Paul Harris (R) along with a bipartisan group of 28 other representatives. It was passed by the House Health Care & Wellness Committee today by a vote of 12 to 2.

According to the measure’s official legislative digest, it “Raises the legal age to twenty-one years for the lawful sale or distribution of tobacco and vapor products”, and “Authorizes the governor, in recognition of the sovereign authority of tribal governments, to seek government-to-government consultations with Indian tribes regarding raising the minimum legal age of sale in certain compacts.”

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Colorado House Votes to Add Autism to State’s Medical Cannabis Program

Legislation to add autism spectrum disorders to Colorado’s medical cannabis program has been passed through its second reading in the House of Representatives.

House Bill 1263, filed by State Representative Edith Hooton (D), was passed by the House today, less than three weeks after its introduction. It must now be passed through a third reading before it can be sent to the Senate for consideration. If passed by the Senate it will be sent to Governor Jared Polis who is expected to sign it into law if given the opportunity.

According to its official summary, “The bill adds autism spectrum disorders to the list of disabling medical conditions that authorize a person to use medical marijuana for his or her condition.”

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South Carolina Senate Passes Resolution Urging Feds to Remove Barriers to Medical Marijuana Research

Legislation urging federal lawmakers to pass legislation removing barriers to medical marijuana research has been passed by South Carolina’s full Senate.

Senate Concurrent Resolution 169 was filed by Senator Greg Hembree (R) along with two cosponsors. It states that “the General Assembly of the State of South Carolina hereby urges the United States Attorney General and Congress to take immediate and additional steps to promote and actively pursue scientific research and testing into the potential use of cannabis to treat other medical conditions and illnesses by removing the federal statutory and regulatory barriers that prevent these scientific endeavors.”

The resolution must now be passed by the House of Representatives before it can be “transmitted to the President of the United States, the United States Attorney General, the President and President Pro Tempore of the United States Senate, and the Speaker and Clerk of the United States House of Representatives and that copies of this resolution also be transmitted to the members of the United States Congress from this State.”

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Study Finds High-CBD Cannabis Oil is Safe And Effective for Autistic Patients

The administration of cannabis extracts is effective and well-tolerated in patients diagnosed with autism spectrum disorders (ASD), according to a new study published in the journal Scientific Reports and published online by the National Institute of Health.

The aim of the study, which included 188 participants,  was to “characterize the epidemiology of ASD patients receiving medical cannabis treatment and to describe its safety and efficacy.” To do this researchers examined the daily administration of high-CBD cannabis oil. which consisted of 30% CBD and 1.5% THC.

Among the patients who used the cannabis oil for at least six months, over 90% reported some level of symptomatic improvement; this included reductions in seizures, rage attacks and restlessness. In addition, roughly a third of reported a reduction in other medications.

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Bipartisan Legislation to Fully Repeal Marijuana Prohibition Passed Through First Reading in Hawaii Senate

Hawaii’s Senate has passed through its first reading a measure that would fully repeal marijuana prohibition.

Senate Bill 702 was filed by Senator Kalani English along with six bipartisan cosponsors. The measure was introduced on January 18, and was passed through its first reading yesterday. The measure must be passed through two more readings, and by the House of Representatives, before it can go to David Ige for consideration.

The legislation “Repeals criminal prohibitions and penalties pertaining to marijuana”, effectively legalizing it throughout the state and ending the decades-long prohibition on the plant. The full text of the measure can be found by clicking here.

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Kentucky Bill Would Decriminalize Marijuana Possession

Legislation to decriminalize the possession of less than an ounce of marijuana – and up to five grams of resin – has been filed in Kentucky’s Senate.

Senate Bill 82 was filed by State Senator Jimmy Higdon (R). It was initially assigned to the State and Local Government Committee, but was reassigned today to the Economic Development, Tourism, and Labor Committee. The measure would decriminalize “personal use quantity” of marijuana, which is defined by being less than an ounce of bud or less than five grams of resin. Those caught possessing within these limits could not face jail time or a criminal charge, but could be given a fine.

The legislation would also exempt “personal use marijuana accessories” from the state’s drug paraphernalia law, allowing for the possession of smoking devices such as pipes and bongs.

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Bipartisan Bill to Legalize Marijuana Deliveries Filed in Washington State

Legislation that would legalize the delivery of marijuana to those 21 and older has been filed in Washington’s House of Representatives.

House Bill 1358 was filed by State Representative Steve Kirby (D) and is cosponsored by Representatives Brandon Vick (R) and Brian Blake (D). Filed today, the measure has been referred to the House Commerce and Gaming Committee.

Specifically, the measure would add a new section to chapter 69.50 of the RCW stating that “A marijuana delivery endorsement to a marijuana retailer license is established to permit a qualifying marijuana retailer to deliver marijuana for personal use to any individual twenty-one years of age or older.”

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