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GOP senator skeptical cannabis banking advances this summer (Newsletter: July 12, 2023)

CA psychedelics; NC medical marijuana; MD equity cannabis biz assistance; MA record sales; Study on rolling better joints; AL licenses; RI labor suit

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Sen. John Cornyn (R-TX) said in a Senate floor speech that Majority Leader Chuck Schumer’s (D-NY) plan to advance a marijuana banking bill and other legislation this summer is “wishful thinking”—saying he doesn’t think the top Democrat himself even believes he can get it done.

The California Assembly Health Committee approved a Senate-passed bill to legalize possession of psychedelics like psilocybin, DMT, ibogaine and mescaline while adopting an amendment to initiate a study on a regulatory framework for therapeutic use in facilitated settings.

North Carolina’s House majority leader said he’s “very

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