" Arkansas Issue 4, Marijuana Legalization Initiative (2022)."īallotpedia. " Missouri Amendment 3, Marijuana Legalization Initiative (2022)."īallotpedia. " Maryland Question 4, Marijuana Legalization Amendment (2022)."īallotpedia. " FDA Regulation of Cannabidiol (CBD) Consumer Products: Overview and Considerations for Congress."īallotpedia. " State Medical Cannabis Laws."ĭrug Enforcement Administration. National Conference of State Legislatures. Traumatic brain injury and post-concussion syndrome.Chronic Inflammatory Demyelinating Polyneuropathy.“Any medical condition for which an opioid has been or could be prescribed by a physician based on generally accepted standards of care”.Other medical conditions may be approved by the Department of Consumer Protection.Uncontrolled Intractable Seizure Disorder.Terminal illness requiring end-of-life care.Severe psoriasis and psoriatic arthritis.Post-surgical back pain with a condition called Chronic Radiculopathy.Multiple Sclerosis (and other disorders characterized by muscle spasticity).Medial Arcuate Ligament Syndrome (MALS Syndrome).Irreversible spinal cord injury with an objective neurological indication of intractable spasticity. ![]() Intractable neuropathic pain that Is unresponsive to standard medical treatments.Chronic neuropathic pain associated with degenerative spinal disorders.Amyotrophic Lateral Sclerosis (Lou Gehrig's Disease).Reputational costs: Even if marijuana is legal in a state, the financial institutions that choose to work with cannabis-related businesses are likely to still face criticism from their partners or members who disapprove of the substance's use as a recreational substance or who disapprove because of federal legal concerns.Logistical costs: An almost entirely cash-based business model comes with a lot of risks and complications, ranging from needing to hire additional security to being forced to work with expensive vendors.Educational costs: Given that this is a relatively new field, hiring outside help to ensure employees understand the intricacies of the marijuana industry can mean the difference between paying a little at the outset versus paying a lot down the road.Legal costs: Beyond financial liability for the actions of their partners, banks and credit unions must consider hiring legal counsel for consulting, in-house compliance management, and handling the often protracted proceedings resulting from lawsuits.As such, financial institutions have to invest a lot of time and money to ensure that their partners aren't engaged in anything potentially illegal, intentionally or not. Compliance costs: Constantly changing regulatory and legislative policies make it difficult for even the most scrupulous of cannabis-related companies to operate totally on the level.However, the passage of the 1937 Marihuana Tax Act ultimately spelled the end of the hemp industry in the U.S. as a recreational substance, hemp crops were grown for industrial use during early American history-even by George Washington. In Missouri, it is now legal to purchase, possess, consume, use, deliver, manufacture, and sell marijuana for personal use for adults over the age of 21 individuals with certain marijuana-related offenses are now able to petition for release from prison or parole and probation and have their records expunged and a 6% tax on the retail price of recreational marijuana has been enacted.īallot measures to legalize marijuana were rejected in Arkansas, North Dakota, and South Dakota. In Maryland, marijuana will be legal for adults 21 years of age or older beginning in July 2023 and the Maryland State Legislature will be directed to pass laws for the use, distribution, regulation, and taxation of marijuana. ![]() ![]() ![]() As a result of the 2022 midterm elections, ballot measures were passed in two states (Maryland and Missouri) to legalize marijuana.
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