Cannabis Countdown: Top 10 Marijuana And Psychedelics Industry News Stories Of The Week

Cannabis Countdown: Top 10 Marijuana and Psychedelics Industry News Stories of the Week

Welcome to the Cannabis Countdown, the Legal Marijuana Industry’s Number One Curated Weekly News Recap.

In This Week’s Edition, We Recap and Countdown the Top 10 Cannabis and Psychedelics Industry News Stories for the Week of April 19th – 25th, 2021.

Without further ado, let’s get started.

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10. California Bill to Decriminalize Psychedelics Moves Forward: Legislation’s Sponsor Talks ‘Learning Curve,’ Why MDMA, LSD Are Included

A Bill to Decriminalize Psychedelic Substances in California is Quickly Moving up the Legislative Ladder

Introduced in February by Sen. Scott Wiener, SB 519 would remove penalties for the possession, personal use and social sharing of certain natural and synthetic psychoactive drugs including Psilocybin, psilocyn, DMTIbogaineMescalineLSDKetamine and MDMA. The legislation would also expunge the criminal records of those charged with low-level Psychedelics convictions.


9. New House Bills Would Make Cannabis Businesses Eligible for Federal Small-Business Aid

Lawmakers in the U.S. House of Representatives Have Introduced Three New Bills to Make State-Legal Marijuana Businesses Eligible for Federal Small Business Services, Including Loans, Disaster Relief and Grant Programs

The package of legislation is aimed at establishing parity for cannabis businesses, which are currently prohibited from receiving federal aid due to marijuana still being classified as a controlled substance. The country’s legal cannabis industry nevertheless now supports nearly 320,000 full-time jobs in the U.S., according to industry estimates.


8. Researchers Slam Drug War at Federally Hosted Psychedelics Event

A Federal Health Agency Kicked Off a Speaker Series on Thursday That’s Dedicated to Recapping Science on the Therapeutic Potential of Psilocybin Mushrooms

And the experts who spoke at the first event said in response to Marijuana Moment’s questions that federal drug laws are out of step with voters and undermine the research objectives of the scientific community. The National Cancer Institute (NCI), under the National Institutes of Health (NIH), which is hosting the events, says that while federal law classifies the psychedelic as a Schedule I substance with no currently accepted medical value, …

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