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CANNABIS & PSYCHEDELICS LEGALIZATION LOSES AT THE BALLOT (NEWSLETTER: NOVEMBER
6, 2024)

November 6, 2024 by Tom Angell

CO gov touts legalization benefits; Study: natural vs synthetic psilocybin; OH
marijuana sales; NE medical cannabis court case

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.

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Your support makes Marijuana Moment possible…

Before you dig into today’s cannabis news, I wanted you to know you can keep
this resource free and published daily by subscribing to Marijuana Moment on
Patreon. We’re a small independent publication diving deep into the cannabis
world and rely on readers like you to keep going.

Join us at https://www.patreon.com/marijuanamoment

/ TOP THINGS TO KNOW

Florida voters rejected a ballot measure to legalize marijuana. It got majority
support but did not reach the 60 percent threshold needed to be enacted under
state law.

North Dakota voters defeated a marijuana legalization ballot measure, two years
after also rejecting a prior initiative to legalize cannabis.

South Dakota voters rejected a marijuana legalization ballot measure. An earlier
initiative they approved in 2020 was overturned by the state Supreme Court.

Nebraska voters approved two medical cannabis legalization initiatives on the
ballot—but the results of the election could potentially be overturned due to
ongoing legal challenges.

Massachusetts voters rejected a psychedelics legalization ballot initiative that
would have allowed adults to possess, grow and share certain amounts of
substances such as psilocybin, ibogaine and DMT.

Oregon voters approved a ballot measure to require marijuana businesses to enter
into labor peace agreements.

Texas voters in Dallas, Bastrop and Lockhart approved marijuana
decriminalization measures on their local ballots.

Colorado Gov. Jared Polis (D) explained the benefits of marijuana legalization
to Florida voters ahead of their decision on a ballot measure to enact the
reform, saying it reduces youth cannabis use, shrinks the illegal market and
generates revenue for businesses and state services.

Experiences with natural psychedelic mushrooms are “more alive and vibrant” than
those with synthetic psilocybin, a new study concludes.

 * “The presence of myriad co-occurring chemicals within psychedelic mushrooms
   likely catalyzes synergistic effects in ways similar to the complex chemical
   interactions observed with cannabis.”

A Nebraska judge heard final arguments in a case challenging signatures for two
medical cannabis legalization ballot initiatives, the results of which could
potentially overturn the election.

The Ohio Division of Cannabis Control reported that retailers have sold more
than $131 million worth of recreational marijuana products in less than three
months of legal sales.

/ FEDERAL

The Environmental Protection Agency said a public comment on emissions from
cannabis cultivation is not germane to a rule on a California air quality plan.

/ STATES

Oregon regulators filed changes to marijuana and hemp rules.

Nevada regulators issued an alert about marijuana products that were treated
with an unapproved pesticide.

Missouri regulators are accepting public comments on proposed rules to ban
psychoactive cannabis sales by liquor licensees.

Vermont regulators sent a reminder that use of the word “organic” on cannabis
products is prohibited, with limited exceptions.

California officials touted the results of coordinated enforcement actions to
seize illegal intoxicating cannabinoid products.

New Mexico officials destroyed cannabis plants at a licensed business that
allegedly exceeded its allotted plant count. The business plans to sue.

Montana regulators sent a newsletter with updates on various cannabis issues.

Colorado officials posted data about driving under the influence of cannabis and
other drugs.

—
Marijuana Moment is tracking more than 1,500 cannabis, psychedelics and drug
policy bills in state legislatures and Congress this year. Patreon supporters
pledging at least $25/month get access to our interactive maps, charts and
hearing calendar so they don’t miss any developments.

Learn more about our marijuana bill tracker and become a supporter on Patreon to
get access.
—

/ LOCAL

Santa Monica, California officials are accepting public feedback to shape a
cannabis social equity plan.

New York City officials published a pamphlet on what parents and caregivers need
to know about cannabis.

/ INTERNATIONAL

The New South Wales, Australia Legislative Council’s Premier and Finance
Committee filed a report calling for an end to “punitive” cannabis laws.

/ SCIENCE & HEALTH

A review suggested that “CBD may reduce anxiety with minimal adverse effects
when compared to a placebo.”

A study of mice suggested that “CBD modulates multiple pathways affected in
[schizophrenia]-like conditions, offering a promising therapeutic avenue for
[schizophrenia] treatment.”

/ ADVOCACY, OPINION & ANALYSIS

The Colorado Springs Gazette editorial board is upset that more politicians
aren’t discussing what it sees as the harms of marijuana.

/ BUSINESS

Trulieve Cannabis Corp. reported quarterly revenue of $284 million and a net
loss of $60 million.

Agrify Corporation approved a $20 million convertible secured note from a
wholly-owned subsidiary of Green Thumb Industries Inc.

SLANG Worldwide Inc. finalized a wind-down plan.

Vireo Growth Inc. secured a convertible debt facility providing a financing
commitment of up to $10 million in aggregate principal amount of convertible
notes.

/ CULTURE

Willie Nelson spoke about his new cannabis cookbook.

Make sure to subscribe to get Marijuana Moment’s daily dispatch in your inbox.

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The post Cannabis & psychedelics legalization loses at the ballot (Newsletter:
November 6, 2024) appeared first on Marijuana Moment.

This post was originally published on this site


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