The provisions target products containing delta-8 THC and similar compounds, as well as products that are synthetically derived from hemp.
Region: DC
“This decision by leadership is a disservice to both veterans, many of whom desire medical cannabis access, and their doctors, many of whom want to facilitate their patients’ access to these state-regulated products.”
By contrast, 85% of Democrats support legalization – a near all-time high, as do 66% of Independents.
In total, fewer than ten percent of all financial institutions nationwide provide services to state-licensed cannabis businesses.
Members of Congress must still reconcile the language of the two bills, a process that will likely take place in conference committee later this year.
Cannabis sales generated the greatest amount of tax revenue in California (over $1B), followed by Illinois ($578M), Michigan ($524M), and Washington ($516M).
Under federal law, VA-affiliated doctors are forbidden from authorizing veterans to use medical cannabis, even if they live in jurisdictions where the substance is legal.
The Drug Czar’s office oversees an estimated $44 billion in federal spending.