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Cannabis tax cut bill signed in NY (Newsletter: November 20, 2023)

Congressional marijuana banking report; South Africa legalization; SD cannabis initiative; Marijuana consumers have more empathy; DEA CBD lawsuit

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A new Congressional Research Service report outlines penalties that could apply to banks working with marijuana businesses while reform legislation languishes in the Senate—including under the Controlled Substances Act, anti-money laundering laws and Bank Secrecy Act.

Sen. Kirsten GIllibrand (D-NY) sent a letter urging the Drug Enforcement Administration to act with “great urgency” to reschedule marijuana in line with a recommendation from the U.S. Department of Health and Human Services.

A new federal court brief filed on behalf of a Drug Enforcement Administration

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