'Bipartisan Lawmakers Push For Marijuana And Psychedelics Amendments To Defense Bill, But Committee Action Is Delayed' - Marijuana Moment
Portfolio Pulse from Benzinga Newsdesk
Bipartisan lawmakers are pushing for marijuana and psychedelics amendments to be included in a large-scale defense bill. The amendments include ending drug testing for cannabis for military members, carrying out a clinical study into the therapeutic benefits of psychedelics for active duty service members with PTSD, traumatic brain injury or chronic traumatic encephalopathy, and a defense department medical cannabis pilot program examining the health impacts of marijuana use by veterans and service members who are VA beneficiaries. The fate of these proposals remains uncertain due to complications over unrelated measures.
July 12, 2023 | 3:45 pm
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NEUTRAL IMPACT
The proposed amendments to the defense bill could potentially impact the psychedelics industry, including Compass Pathways (CMPS).
The proposed amendments, if passed, could potentially lead to changes in the regulatory landscape for cannabis and psychedelics, which could impact companies and ETFs in these sectors. However, the outcome of these proposals is still uncertain.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The proposed amendments to the defense bill could potentially impact the cannabis industry, including the ETFMG Alternative Harvest ETF (MJ).
The proposed amendments, if passed, could potentially lead to changes in the regulatory landscape for cannabis and psychedelics, which could impact companies and ETFs in these sectors. However, the outcome of these proposals is still uncertain.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50