Washington legislators have approved a bill that would allow interstate commerce among local marijuana companies.
If HB 1159 — approved by the panel on a 6-5 vote — is enacted interstate marijuana trade would depend on a policy change at the federal level, per Marijuana Moment.
"Either a law to allow the interstate transfer of cannabis between legal businesses or an opinion from the U.S. Department of Justice allowing or tolerating marijuana commerce across state lines," reads the measure.
See Also: Eagle Protect Warns Cannabis Industry Of Glove Contamination
Democratic Senator Sharon Wylie is the bill’s lead sponsor in the House of Representatives.
In related news, the U.S. Court of International Trade (CIT) determined in October that the import or export of cannabis-related paraphernalia to or from states where cannabis is legal represents an exception to the federal ban imposed by the Controlled Substances Act (CSA).
The federal authorization exemption states that Section 863 shall not apply to "any person authorized by local, State, or Federal law to manufacture, possess, or distribute such items[.]"
The Benzinga Cannabis Capital Conference Is Back!
The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference returns to Miami for its 16th edition. This is the place where DEALS GET DONE, where money is raised, M&A start, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Don’t miss out. Secure your tickets now. Prices will surge very soon.
Image by Robert Ritchie On Unsplash
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!