Medical Marijuana Update

Medical Marijuana Update

Medical Marijuana Update

The Illinois Treasurer asks President Donald Trump for clarity on banking for the medical cannabis industry, North Dakota legislators work to ensure workers’ compensation will not pay for medical marijuana for injured employees, and more.

Arkansas

On Monday, Athe legislature approved changes to the state’s new medical marijuana law. With the state Senate’s approval Monday, House Bill 1058 now goes to the governor. It passed the House last week. The bill removes a requirement that doctors declare the benefits of medical cannabis outweigh the risk to the patient. It also specifies that patient information submitted to qualify for medical cannabis is “Confidential,” but would not be considered “medical records” subject to the Health Information Privacy Protection Act.

On Tuesday, the governor signed a pair of medical marijuana “fix” bills. Gov. Asa Hutchinson (R) signed into law 2 bills aimed at modifying the state’s new, voter-approved medical cannabis law. House Bill 1026 will extend the deadline for rule making from 120 days to 180 days, and House Bill 1058 removes the requirement that doctors certify in writing that the help benefits of cannabis would outweigh the risks to the patient.

Illinois

On Monday, the state treasurer asked Trump for clarity on banking for the medical marijuana industry. State Treasurer Michael Frerichs sent a letter to President Donald Trump urging him to give clear guidance to the banking industry on cannabis. Mr. Frerichs said currently federal law makes it difficult for legal businesses to get loans and restricts customers to cash-only transactions.

North Dakota

On Monday, the House approved a bill preventing workers’ comp from paying for medical marijuana. The House overwhelmingly approved House Bill 1156. Passed in response to voters’ approval of a medical marijuana initiative in November, the bill prevents the state Workforce Safety and Insurance agency from paying for medical cannabis to treat a workplace injury. Legislators said cannabis is still illegal under federal law.

For extensive information about the medical marijuana debate, presented in a neutral format, visit MedicalMarijuana.ProCon.org

By Phillip Smith

Paul Ebeling, Editor

Permission to Reprint: This article is licensed under a modified Creative Commons Attribution license.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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