Thursday, November 10, 2022

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move-Episode 638: New #Legalization Following #Midterms



Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move-Episode 638: New #Legalization Following #Midterms

 

Delta, Kelowna, BC, November 10, 2022 (Investorideas.com Newswire), investorideas.com,  a global news source covering leading sectors including marijuana and hemp stocks and its potcast site  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2022/111022-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2022/cannabis-potcasts/11101New-Legalization-Following-Midterms.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

Today’s podcast overview/transcript:

 

In today’s podcast we look at the recent Midterm results and how this impacted cannabis legalisation and decriminalisation in the U.S.

 

Maryland and Missouri joined 19 other states and the District of Columbia in legalising recreational cannabis, while legalisation proposals did not pass in Arkansas, North Dakota and South Dakota.

 

Following the passage of Maryland’s Question 4, adults in the state will be allowed to possess up to 1.5 ounces, or two marijuana plants, beginning July 1, 2023. The amendment also allows for the expungement of records for people arrested for cannabis possession, and for people serving time for simple possession to have their sentences reconsidered. It would also establish a cannabis business assistance fund for small businesses, as well as minority- and women-owned businesses, entering the cannabis industry. Laws surrounding liscensing and taxation still need to be determined.

 

In Missouri, voters approved the state’s Amendment 3, which removes existing prohibitions on marijuana and allows adults to purchase and possess up to three ounces and grow up to six flowering plants at home. A 6% sales tax will go toward facilitating automatic expungements for certain nonviolent cannabis offences, veterans’ health care, substance misuse treatment and the state’s public defender system. It also adds at least 144 new small business licensees to the existing businesses licensed for medical marijuana, according to Legal Missouri 2022, the advocacy group that sponsored the measure. New licence holders will be selected by lottery.

 

While these two states moving forward was another great win for cannabis advocacy, are states saw more of the same as voters in Arkansas rejected Issue 4, which would have allowed for the purchase of up to an ounce of marijuana from licensed retailers, and in North Dakota, voters rejected Measure 2, which would have allowed for the possession of up to an ounce of marijuana and finally voters in South Dakota rejected Measure 27, which would have legalised possession of up to one ounce of marijuana.

 

Moving away from the State level, voters in five Texas cities decided in favour of municipal ballot initiatives eliminating the local enforcement of low-level cannabis offences.

Voters in the cities of Denton, Killeen, San Marcos, Elgin and Harker Heights decided ‘yes’ on the measures. Specifically, the ordinances limit local law enforcement from making arrests or issuing citations for most marijuana-related violations. It also prohibits police in most circumstances from considering the odour of cannabis as probable cause of a crime.

 

Local activists are anticipated to place ballot questions before voters in additional cities in the coming year.

 

Meanwhile in Colorado, Proposition 122, Access to Natural Psychedelic Substances, was passed with about 51% of the vote according to the Secretary of State’s Office.

 

Possession, use, cultivation and sharing of psilocybin, ibogaine, mescaline (not derived from peyote), DMT and psilocyn will be legalised for adults 21 and older, without an explicit possession limit. There will be no recreational sales component.

 

The Department of Regulatory Agencies will be responsible for developing rules for a therapeutic psychedelics program where adults 21 and older can visit a licensed healing centre to receive treatment under the guidance of a trained facilitator.

 

There will be a two-tiered regulatory model, where only psilocybin and psilocyn will be permitted for therapeutic use at licensed healing centres until June 2026. After that point, regulators can decide whether to also permit regulated therapeutic use of DMT, ibogaine and mescaline.

 

This makes Colorado the second state, following Oregan, to legalise psychedelic substances.

 

With another Midterm election over the US continues its slow march forward with regards to drug reform policy but like most of the world, including Canada, when it comes to dealing with the many who are in prison for cannabis offences, there is still much lacking.

 

When it comes to Biden's pardons announced Oct. 6, only about 6,500 people convicted of cannabis possession at the federal level were affected. None remain in prison. Without a felony on their record, they won't be tripped up when applying for a job or trying to rent an apartment.

 

While this is a clear positive, Biden's pardon does not affect some 3,000 people convicted of higher level marijuana crimes who remain in federal prisons, and as many as 30,000 who are still in prison in several states, according to the advocacy group the Last Prisoner Project. Those numbers do not reflect people with convictions for marijuana possession at the state level, although approximately 2 million marijuana convictions have been expunged or pardoned by states where the drug is now legal.

 

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio ,  Google Podcasts and most audio platforms available.

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.

 

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)