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A guide to navigating the cannabis industry in New Jersey

A guide to navigating the cannabis industry in New Jersey
nj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nj.com Daily Mail and Mail on Sunday newspapers.

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5 Predictions On The 2021 Cannabis Industry

What to Expect from the Cannabis Industry in 2021
2020 was a hell of a year for the cannabis industry. Cannabis was deemed an essential business during a global pandemic. It proved to be a bipartisan issue, as several red states voted to legalize recreational and medical cannabis. Plus the House of Representatives passed the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) and the Medical Marijuana Research Act (MMJ Research Act), both now pending before the Senate. As we move into 2021, what can we expect from the industry next?
Pending Cannabis Legislations
Passage of the MORE Act
The MORE Act’s passage would remove marijuana from the schedules of controlled substances under the Controlled Substances Act (CSA). The MORE Act demonstrated that there is enough bipartisan support to pass in the House of Representatives, and it could likely pass the Senate in 2021. However, the timeframe for the passage of this act heavily lies on the Se ....

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MarkIt to Market® - December 2020: Watching the Pot™ | Sterne, Kessler, Goldstein & Fox P.L.L.C.

Trailblazing Legislation to Watch in 2021 - Welcome to our first installment of Watching the Pot™, which will provide summaries on recent buzz-worthy cannabis. ....

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House Of Representatives Passes A Cannabis Bill That Republicans And Democrats Can Agree On | Sheppard Mullin Richter & Hampton LLP

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On December 9, 2020, the House of Representatives passed H.R. 3797 The Medical Marijuana Research Act (the “Bill”), expanding access to cannabis for medical research purposes. In so doing, a bipartisan majority of members of the House of Representatives agreed that, while proponents and opponents of cannabis legalization are entitled to their own opinions, they are not entitled to their own facts.
While jurisdictions throughout the country have legalized various uses for cannabis, the federal government continues to classify the plant as a Schedule I drug under the Controlled Substances Act, making it illegal to produce it or process it at the federal level. As a result, the National Center for Natural Products Research at the University of Mississippi which is funded through the National Institute on Drug Abuse (“NIDA”) is the only federally approved supplier of cannabis for research purposes. ....

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On Heels of Senate's Adoption of Cannabis Research Bill, DEA Issues Rule to License More Research Cannabis Growers | Saul Ewing Arnstein & Lehr LLP

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On December 18, 2020, just three days after the U.S. Senate adopted the Cannabidiol and Marihuana Research Expansion Act (CMREA or the Act) (more on this below), the U.S. Drug Enforcement Administration (DEA or the Administration) published in the Federal Register a final rule, “Controls To Enhance the Cultivation of Marihuana for Research in the United States” (Rule), which finally paves the way for DEA to issue additional licenses to grow “marihuana” (i.e., cannabis) for research purposes.
In 1970, Congress passed the Controlled Substances Act (CSA), which, among other things, granted DEA the authority to regulate the cultivation of cannabis for research purposes. In the roughly 50 years since, the Administration has issued only one registration for the cultivation of research cannabis, to the National Center for Natural Products Research at the University of Mississippi, which is funded through a Natio ....

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