Tony Lange

The legislation will protect financial institutions such as banks and credit unions under state law.

Bank Secrecy Act obligations and federal anti-money laundering laws would still apply to cannabis under a Schedule III listing, legal expert says.

Amendment 3 is a constitutional ballot measure that would allow adults 21 years and older to access lab-tested cannabis from licensed dispensaries.

The Sunshine State's voters had 56% support for Amendment 3, falling short of the 60% supermajority threshold for the ballot measure to pass.

The state's voters rejected an adult-use legalization measure with 53% opposed in the 2024 election, marking the third failed reform attempt since 2018.

A district court judge could invalidate the election results if she rules in favor of a challenge to the sponsor's signature collection methods.

This marks the second time an adult-use cannabis ballot initiative failed in the Mount Rushmore State since 2022.

Republican Sen. Steve Huffman introduced the bill to prohibit the sale of certain cannabinoid products and to declare an emergency.

The investment will allow 57 dispensaries, 11 delivery hubs and two production facilities to reopen in California, Colorado, Florida and Michigan.

The Ohio State University report includes steps policymakers can take to balance concerns and priorities in regulating products like delta-8 THC edibles.