A Midsummer Hype’s Update

Greetings Champions!,

I hope all is well with you, I’ve had an action-packed couple months since my last update and wanted to go back and cover some of the stuff I was most excited about. This includes everything from stains, new political allies for the movement, and potential policy changes in places you might not have expected it.

The biggest thing to happen in a lot of people’s eyes was the passage of the Blumenauer-McClintock amendment in the House. The amendment is very similar to Blumenauer’s previous effort to prevent federal interference in state-legal medical marijuana programs, except this time around it’s for the recreational markets. Essentially the new amendment would block the feds from going after marijuana providers in full compliance with state law by preventing them from spending money on it.

Many have referred to the passage of the amendment in the House as the biggest day ever for cannabis on Capitol Hill, but Congress still has a ton of cannabis reform bills that have been filed this year.

Most exciting? Well, that would have to be House Judiciary Chairman Jerry Nadler’s MORE Act, that he introduced in the House. “Top-tier” Presidential candidate Kamala Harris introduced the bill in the Senate. With the plan to deschedule marijuana being backed by the highest-ranking Democrat in the House on criminal justice issues, it really has the wind in its sails.

It’s currently under review by the House Judiciary, Energy and Commerce, Agriculture, Education and Labor, Ways and Means, Small Business, Natural Resources, and Oversight and Reform committees.

Even the co-chairs of the Cannabis Caucus are saying the bill is awesome, Rep. Barbara Lee said Nadler’s staff was diligent in reaching out the caucus for input. His staff also had the benefit of cherry-picking the best language from all the different marijuana bills that have been filed in recent years. Blumenauer even called it better than the SAFE Banking Act.

But even if it is, the discussions that have been happening around the SAFE Banking Act have been critical. Getting access to proper banking services is obviously a big deal for everybody, but it’s even more important for the mom and pop operations out there struggling to stay afloat in the transitioning industry. The size of their businesses makes them more susceptible to dealing with bad actors offering financial services.

Just hearing Congress talking like this has seen banks begin to soften their stance. Interestingly, one expert told me the credit unions working with the industry right now will likely still be the best after the regulations change. So stick with the people that were there for you when it mattered.

Sadly not everything was all groovy since my last check-in. The Emerald Triangle has been devastated by raids in recent weeks. Most of the raids happened on private parcels, so it’s a tough sell they were meant to go after cartels in national forests.

But there was plenty of positive progress all over the country. In Florida looks like legalization might make the ballot their next year! And one of the main dudes that helped pass medical just joined the team. They’ve already collected enough signatures to trigger a review of the language by Florida’s Supreme Court.

Finally, a positive note discovered IC Collective’s Ziablo. It’s my favorite strain of Summer along with Alien Labs’ Area 41. Enjoy the rest of Summer! Next time you hear from me the harvest should be in full swing!

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