Cannabis biz could list on stock exchanges under new congressional bill (Newsletter: March 20, 2026)

*THC in Medicare CBD coverage plan; Marijuana bills on VA gov’s desk; IA
psilocybin; Study: Cannabis safer than alcohol & tobacco*

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*/ TOP THINGS TO KNOW*

The Centers for Medicare & Medicaid Services will reportedly allow up to 3
milligrams of THC in CBD products being covered under a forthcoming
insurance pilot program—which could conflict with a law recently signed by
President Donald Trump to recriminalize hemp products containing more than
0.4 milligrams of THC per container.

Reps. Guy Reschenthaler (R-PA) and Troy Carter (D-LA) filed a bipartisan
bill that would let state-legal marijuana businesses list on stock
exchanges like Nasdaq and NYSE—and more broadly shield companies from being
punished for providing financial, accounting, insurance, advertising or
other services to the cannabis industry.

Virginia Gov. Abigail Spanberger (D) has until April 13 to decide whether
to sign, veto or propose amendments to several marijuana bills—including
ones to legalize recreational sales, resentence past convictions, protect
consumers’ parental rights and allow medical cannabis in hospitals.

The Iowa Senate Health and Human Services Committee approved a House-passed
bill to create a psilocybin therapy program for people with PTSD, with
amendments.

A new government-funded study concludes that alcohol and tobacco are more
harmful to users and to society than marijuana is—and that the biggest harm
associated with cannabis is “organized criminal activity” in the illegal
market.

- “Alcohol causes the most harm overall…followed by tobacco,
nonprescription opioids (like fentanyl), cocaine, methamphetamine, and
cannabis.”

*/ FEDERAL*

The U.S. Army is punishing a reserve officer over his ownership of a
state-licensed marijuana business in New York.

The Drug Enforcement Administration filed technical amendments to a rule
concerning changes to the order form for Schedule I and II controlled
substances.

Sens. Pete Ricketts (R-NE) and Richard Blumenthal (D-CT) led a letter
urging the Food and Drug Administration to schedule kratom and 7-OH.

*/ STATES*

Nevada Gov. Joe Lombardo (D) appointed the executive director of the
Cannabis Compliance Board as the new director of the Governor’s Office of
Energy.

Mississippi lawmakers sent Gov. Tate Reeves (R) bills to expand medical
cannabis access and to support clinical trials on ibogaine.

The Connecticut legislature’s General Law Committee approved a bill to
increase THC potency limits in cannabis products.

A Georgia representative filed a resolution urging that the state
reschedule marijuana.

A New York court ruled that state marijuana regulations are not preempted
by federal law.

A federal judge rejected Oregon regulators’ motion for a favorable
judgement in a lawsuit challenging the state’s restrictions on psilocybin
services access for homebound patients.

Arizona regulators announced a recall of marijuana products due to possible
contamination with aspergillus.

Oklahoma regulators announced a recall of medical cannabis products over
testing inaccuracies.

Massachusetts regulators held a hearing on a proposal to freeze marijuana
cultivation licenses.

Michigan regulators published guidance on the state’s new marijuana
wholesale tax.

Nevada Cannabis Advisory Commission subcommittees will meet on Tuesday.


*— Marijuana Moment is tracking hundreds of cannabis, psychedelics and drug
policy bills in state legislatures and Congress this year. Patreon
supporters pledging at least $25/month get access to our interactive maps,
charts and hearing calendar so they don’t miss any developments.*


*Learn more about our marijuana bill tracker and become a supporter on
Patreon to get access. —*

*/ INTERNATIONAL*

Isle of Man officials awarded the territory’s first medical cannabis
business license.

*/ SCIENCE & HEALTH*

A study found that “breath is an alternative, non-invasive sample matrix
that holds promise for identifying recent cannabis use.”

A study found that “the regular cannabis use group showed no significant
impairment in driving performance 12-15 hours after last cannabis use the
night before, compared to the control group.”

*/ ADVOCACY, OPINION & ANALYSIS*

Americans for Safe Access published a report on medical cannabis patients’
access to organ transplants.

*/ BUSINESS*

Jushi Holdings Inc. and a former chief operations officer settled a lawsuit
in which he claimed he was fired in retaliation for complying with safety
standards.

Michigan retailers sold $234.6 million worth of legal marijuana products in
February.

*/ CULTURE*

Rapper Afroman won a defamation lawsuit filed by Ohio police who sued him
over music videos in which he used home security footage to mock their
marijuana raid of his home.

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The post Cannabis biz could list on stock exchanges under new congressional
bill (Newsletter: March 20, 2026) appeared first on Marijuana Moment.