WA State Cannabis Companies Could Benefit: A New Bill Would Allow Interstate Weed Sales

Zinger Key Points
  • The bill was approved on a 6-5 vote.
  • Democratic Senator Sharon Wylie is the bill’s lead sponsor in the House of Representatives.

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

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisGovernmentNewsRegulationsPoliticsTop StoriesMarketsGeneralCannabis In WA StateControlled Substances Act (CSA)HB 1159Rep. Sharon Wylie (D)U.S. Court of International Trade (CIT)Washington State Legislature Benzinga Cannabis Capital Conference
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!
CCC-Oct-24-Banner-1

Click on the image for more info.

Cannabis rescheduling seems to be right around the corner

Want to understand what this means for the future of the industry?

Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. 

Get your tickets now before prices surge by following this link.