Transcript Federal Cannabis Legislation

Introduction
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Boris Shcharansky
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Founder/CEO of Heartland Hemp Company in Des Moines, IA
Entrepreneur and Hemp Advocate
Eight years of direct business development experience across three start-ups
Registered Lobbyist in Iowa
Graduated: University of Pennsylvania
• Iowa Connection:
 27 years Iowa resident
 Valley High School graduate, West Des Moines
 Des Moines area business owner since 2004
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Iowa Hemp Association
• Developed nationwide and global network of hemp industry professionals
• Dedicated to the re-introduction and re-emergence of Hemp as a viable agricultural crop in Iowa
• Co-wrote and introduced House Bill 470 in 2015
 Production, Marketing and Distribution of Industrial Hemp and Related Plant Materials
 Never brought to committee vote
 Died in first funnel
• Committed to working with Iowa farmers to re-introduce hemp as a commercial crop
• Developing relationships with farmers experienced in certified-seed growing
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Federal Cannabis Legislation
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House Legislation
Senate Legislation
• HR 1014 – Marijuana Tax Revenue Act
• S. 683 – CARERS Act
• HR 1013 – Regulate Marijuana Like Alcohol • S. 134 – Industrial Hemp Farming Act
Act
• S. 1333 – Therapeutic Hemp Medical
• HR 1940 – Respect State Marijuana Laws Act
Access Act
• HR 1774 – Compassionate Access Act
• HR 1635 – Charlotte’s Web Medical Hemp Act
• HR 1538 – CARERS Act
• HR 525 – Industrial Hemp Farming Act
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HR 1014 – Marijuana Tax Revenue Act of 2015
• Introduced 2/20/2015 by Representative Earl Blumenauer (D, Oregon)
• 1% Chance of Passage, 7 co-sponsors (7 D)
• Provides tax on marijuana enterprises
 10% on total sales for first 2 years
 15% in year 3
 20% in year 4
 25% in year 5
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Requires federal permit to engage in marijuana enterprise
Requires “study” of “characteristcs of marijuana industry” every 5 years
Adds “marijuana” to Bureau of Alcohol, Tobacco, [and] Firearms (and Marijuana)
Becomes applicable once cannabis is removed from all schedules under CSA (180 days)
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HR 1013 – Marijuana Tax Revenue Act of 2015
•Introduced 2/20/2015 by Representative Jared Polis (D, Colorado)
•1% Chance of Passage, 18 co-sponsors (17 D, 1 R)
•Directs Attorney General to remove cannabis in all forms from the Controlled Substances Act
 Removes cannabis as a “dangerous drug” for purposes of federal criminal code provisions
 Removes cannabis as “targeted drug” for purposes of youth anti-drug media campaigns
•Gives FDA oversight of cannabis commerce in same way FDA regulates alcohol
 Renames Bureau of Alcohol, Tobacco, Firearms, and Explosives to Bureau of Alcohol, Tobacco,
Marijuana, Firearms and Explosives
•2-year period to conduct review of Act and assess its success
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HR 1940 – Respect State Marijuana Laws Act
• Introduced 4/22/2015 by Representative Dana Rohrabacher (R, California)
• 0% Chance of Passage, 14 co-sponsors (8 D, 6 R)
• Amends CSA to exempt any person acting in compliance with State cannabis laws
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HR 1774 – Compassionate Access Act
• Introduced 4/14/2015 by Representative Morgan Griffith (R, Virginia)
• 4% Chance of Passage, 3 co-sponsors (3 D)
• Directs Department of Health and Human Services to submit to DEA recommendation to transfer
cannabis from Schedule 1 to another schedule 180 days after enactment.
 DEA must re-schedule cannabis from Schedule 1 one year after enactment
• Permits consideration of State-level scientific studies as evidence against Schedule 1 classification
even if non-federal cannabis was used in study!
• Amends CSA and Federal Food, Drug, and Cosmetic Act
 Excludes Cannabidiol and allows states to enact laws to grow cannabis with < 0.3% THC for CBD
production
 No provision to restrict physicians from prescribing CBD or medical cannabis in states allowing
medical cannabis or CBD
• Requires Attorney General to register cannabis researchers to executive branch agency to
conduct research and requires adequate supply of research cannabis to be available
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HR 1635 – Charlotte’s Web Medical Access Act
• Introduced 3/25/2015 by Representative Scott Perry (R, Pennsylvania)
• 2% Chance of Passage, 58 co-sponsors (28 D, 30 R)
• Amends CSA and Federal Food, Drug and Cosmetic Act
 Excludes Cannabidiol and Cannabidiol-rich plants from definition of “marijuana”
 Plants must be less than 0.3% THC
• Act terminates after 3 years
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HR 1538 – CARERS Act (S. 683)
• Introduced 3/23/2015 by Representative Steve Cohen (D, Tennessee)
 S. 683 – Senator Cory Booker (D, New Jersey)
• 1% Chance of Passage, 22 co-sponsors (11 D, 11 R)
 S. 683, 15 co-sponsors (12 D, 2 R, 1 I)
• Amends CSA
 Moves cannabis from Schedule 1 to Schedule 2
 Excludes Cannabidiol from definition of marijuana, with plants required at less than 0.3% THC
• Opens up banking for legal state cannabis industries
 Protects financial institutions from an federal penalties for working with cannabis companies
• Directs DEA to approve at least three licenses under the CSA for federal research cannabis
cultivation
• Directs Department of Veterans Affairs to authorize VA health providers to recommend cannabis
for patients residing in states with legal medical marijuana programs
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HR 525 – Industrial Hemp Farming Act (S 134)
• Introduced 3/23/2015 by Representative Thomas Massie (R, Kentucky)
 S. 134 - Senator Ron Wyden (D, Oregon)
• 1% Chance of Passage, 64 co-sponsors (39 D, 25 R)
 S. 134, 10 co-sponsors (5 D, 4 R, 1 I)
• Amends CSA
 Removes industrial hemp from definition of “marijuana”
 Defines “industrial hemp” as Cannabis Sativa L. with concentration of THC at or below 0.3% THC
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S. 1333 – Therapeutic Hemp Medical Access Act
• Introduced 5/13/2015 by Senator Cory Gardner (R, Colorado)
• 2% Chance of Passage, 9 co-sponsors (5 R, 4 D)
• Amends CSA
 Exclude Cannabidiol and Cannabidiol-rich plants from definition of “marijuana”
 CBD no longer controlled substance
• Cannabis Sativa L. with < 0.3% THC
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Questions
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