Marijuana

State business leaders join Governor in opposing recreational marijuana

by Roby Brock (roby@talkbusiness.net)

Arkansas business leaders joined Gov. Asa Hutchinson Monday (Oct. 31) in calling for voters to oppose Issue 4, the general election ballot measure that would legalize adult use cannabis. At a news conference at the headquarters of the Arkansas State Chamber of Commerce in Little Rock, the industry representatives said legalizing recreational marijuana would compound problems for workforce recruitment and safety.

Issue 4 supporters said the arguments were no different than when medical marijuana was proposed in 2016, and that Arkansas businesses have not suffered since its passage.

Leaders from the trucking, construction and agricultural industries joined Hutchinson in condemning the proposal.

https://talkbusiness.net/2022/10/state-business-leaders-join-governor-in-opposing-recreational-marijuana/

AUDIO: Governor Hutchinson’s Weekly Address | Biden’s Proposed Marijuana Policy

LITTLE ROCK – Today I would like to talk about the recently proposed policies on marijuana from the Biden administration, and why the administration’s proposal is not the best approach for Arkansas and our nation.

Last week President Biden announced his new policy on marijuana which included granting pardons to all individuals convicted of federal offenses for simple possession of marijuana.

In his proposed policy, he also urges governors to follow the policy at the state level where it is applicable.

The President’s third proposal would create the rescheduling of marijuana under the Controlled Substances Act.

During my time as Governor, I have often used the clemency powers granted to me under the Arkansas Constitution to grant pardons to those with drug offenses. In fact, I have pardoned hundreds of Arkansans who have been convicted of drug offenses. When choosing to grant a pardon, I will closely examine an applicant’s behavior after their sentence. In this time of rising crime, there should be a clear record of law-abiding conduct before pardons are issued.

I do not support issuing blanket pardons to those who have been convicted of these types of crimes. I firmly believe in second chances, and in each of these cases we must use compassion.

Each case should be looked at individually to determine who is deserving of a pardon.

The President’s request to potentially reschedule marijuana is also misguided. In his statement, President Biden says, “Federal law currently classifies marijuana in Schedule I of the Controlled Substances Act, the classification meant for the most dangerous substances.” This characterization is incorrect.

According to the Drug Enforcement Administration, Schedule I drugs are defined as “drugs with no currently accepted medical use and a high potential for abuse.” While medical marijuana may be legal in many states across the nation, the medical community has not come to a consensus on the benefits.

Schedule I does not mean that the drugs in Schedule I are the most dangerous. For example, Schedule II drugs are those with a “high potential for abuse, with use potentially leading to severe psychological or physical dependence.” This includes drugs like fentanyl, Adderall, and morphine. These drugs are considered dangerous but have a legitimate medical use.

When it comes to the proper schedule for marijuana, we need to follow the science and previous administrations that kept marijuana in Schedule I.

Most importantly, we have to make sure we don’t move to decriminalization of drugs that are harming Americans. The fact that a drug is unlawful discourages usage.

Arkansas-based cannabis fintech hits $2 billion mark; U.S. marijuana sales grow

KUAR | By Michael Tilley/ Talk Business & Politics

North Little Rock-based Abaca has processed more than $2 billion in transactions for the cannabis (marijuana) industry. Growth with the financial technology (fintech) banking company comes as more states in recent years have legalized some form of marijuana use.

The company recently announced it “compliantly” processed the transactions through its “bank-backed financial technology” that provides “normalized financial services for an underbanked industry.”

https://www.ualrpublicradio.org/local-regional-news/2022-02-04/arkansas-based-cannabis-fintech-hits-2-billion-mark-u-s-marijuana-sales-grow

New Arkansas recreational marijuana amendment proposed

KUAR | By Remington Miller

A proposed constitutional amendment to legalize recreational marijuana in Arkansas was filed late last week.

The Arkansas Adult Use and Expungement Marijuana Amendment would allow for one cannabis dispensary license for every 15,000 residents in the state and limit the number of cultivation facility licenses to one per every 300,000 residents. It would also allow anyone with felony or misdemeanor convictions related to the possession of marijuana to petition the courts for relief.

This will be one of possibly three amendments that will be on the Nov. 2022 ballot about recreational cannabis. One amendment, filed in May 2020, comes from the group Arkansas True Grass. Called the Arkansas Recreational Marijuana Amendment of 2022, it would legalize recreational cannabis for people 21 and older without putting a cap on the number of related businesses.

https://www.ualrpublicradio.org/local-regional-news/2021-11-08/new-arkansas-recreational-marijuana-amendment-proposed