Sen. Majority Leader reaffirms cannabis legalization support, Canada reports booming revenue from legal marijuana sales, and is hemp as strong as steel? Some researchers believe that may be the case.
There can be a lot to keep track of when it comes to the fast-paced world of cannabis information and news. Our roundup has everything you might have missed from the last week and more.
Sen. Majority Leader Chuck Schumer Reaffirms Cannabis Legalization Support
Senate Majority Leader Chuck Schumer once again reaffirmed his support for federal cannabis legalization, sharing plans to increase outreach on the subject and claiming that he hopes to finalize the legislation some time in the next “several months”.
Sen. Schumer (D-NY) introduced the
to the United States Senate last year, but has yet to secure any significant traction on the bill.
Researchers Look To Hemp Fiber Potential Replacement For Steel In Rebar
Researchers in New York are looking to hemp-based rebar as a replacement for steel in new construction.
Representatives from the teams working on the new technology hope to use hemp fibers as a way to reinforce thermoplastic rebar, leading to stronger, more cost-effective building materials.
Having produced workable prototypes, the team is now focusing its attention on devising methods for easier production and processing of the raw materials.
$43.5 Billion Dollars Added To Canadian GDP Since 2018
Cannabis cash is equaling big revenue for Canadian government. Recent reports show that over $43.5 billion dollars have been added to the Canadian GDP since national legalization took hold in 2018. Over $15b has been generated in tax revenue since that time, with consumer purchases accounting for nearly $3b in taxes raised.
Maryland Looks To Recreational Cannabis Legalization In November
Maryland lawmakers announced a plan to legalize recreational cannabis use in the state this week. The bill would allow for adult legal possession of up to 1.5 ounces of marijuana, as well as automatic expungements for non-violent cannabis convictions. The legislation is set to be put before state voters this November.
NFL Awards $1m In Grant Money For Cannabinoid Pain Relief Studies
The National Football League has announced a total of $1m in grant money to be awarded to two research teams focusing on using CBD and other cannabinoids for pain management. The funding will be split between researchers at the University of California San Diego and the University of Regina.
Chief Medical Officer for the NFL, Dr. Allen Sills, was quoted as saying “[We] are grateful that we have the opportunity to fund these scientifically-sound studies on the use of cannabinoids that may lead to the discovery of data-based evidence that could impact the pain management of our players.”
“The risky financial deals that shook up one of America’s most promising weed companies” [Editorial]
Big cannabis business is booming, but that doesn’t make the space without its risks.
, a fast-growing retail capital group, sought funding for their expansion, but may find themselves at the mercy of their lenders.Politico dives deep into the financial details behind a cannabis industries power player, and their now potentially precarious position.
Georgia Police Officer Arrested For Selling Weed While On Duty
A Georgia police officer was arrested recently for selling marijuana – While on duty and wearing his uniform.
Leon Mitchell was placed under arrest while on the job in the small, southwest Georgia town; arresting officers say they found cannabis, bags, and even scales in the vehicle Mitchell was driving.
Mitchell has been denied bail, and as of this article’s posting date, remains in jail.