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House to Vote in December on Federal Legislation that Would Deschedule Cannabis

House Majority Leader Steny Hoyer sent out a letter on November 9, indicating that the US House of Representatives will vote on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act in December. The letter did not specify, however, which week the vote will take place, but there are planned House sessions scheduled for December 1-4 and December 7-10. The House will vote on the MORE Act to decriminalize cannabis and expunge convictions for non-violent cannabis offenses that have prevented many Americans from getting jobs, applying for credit and loans, and accessing opportunities that make it possible to get ahead in our economy,” the letter read. See letter bellow from House Majority Leader Steny Hoyer who announced today that the House will vote to federally legalize marijuana in December (MORE Act).A previous vote was scheduled in September but postponed until after the election.

Edible Cannabis Product Manufacturing and Sale Coming to Maryland: What to Expect

While recreational cannabis isn’t legal in Maryland, the “Free State” has been working to incorporate edibles as part of its medical program for quite some time now. Baltimore Business Journal reported that the Maryland Medical Cannabis Commission (MMCC) has officially finalized draft regulations around how edibles can be sold in Maryland. Baltimore Business Journal reported that if Maryland’s medical cannabis patients have a similar response as in other states with legalized cannabis-infused product distribution, edibles may make up as much as 30 percent of the state’s future cannabis market. President of Culta, Mackie Barch, claims the company’s Eastern Shore-based cannabis growing and processing operation is prepping by optimizing its facility’s kitchen space’s capacity.

Pizza, Alcohol and Cannabis Sales Skyrocketed During Election

Numerous delivery providers and brick-and-mortar businesses reported a surge in pizza, alcohol and cannabis sales during the election on November 3 as voters selected the next president. Cannabis delivery service Eaze reported a 17 percent increase in cannabis  deliveries throughout California and an 18 percent increase in Los Angeles during election day compared with the same day a week earlier. We attribute that to an especially stressful election day,” Eaze spokeswoman Elizabeth Ashford told Los Angeles Times. ” Prime Pizza, with three locations in the greater Los Angeles area, reported that delivery orders between 11 a.m. and 5 p.m. on November 3 were triple the usual amount for a Tuesday.

Aurora Cannabis Stock Climbs 40 Percent with Biden Election Lead: What Could This Mean for Cannabis Stocks?

Benzinga reported that 2016’s presidential election saw Trump’s election push publicly-traded cannabis stocks sky high. It’s no question that Kamala Harris, Joe Biden’s running mate, was harsh on cannabis violations during her role as a prosecutor in California. CNBC reported that Biden and Harris support adult-use cannabis decriminalization, federal medicinal legalization, moderate rescheduling, permitting states to set their own laws and expunge prior cannabis convictions. While Biden and Harris do not support federal cannabis legalization, their ideas are significant improvements compared to what we’ve experienced under Trump’s presidency.

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