Albert Labs announces Strategic Investment from Cantheon Capital LLC for First In-Human TrialsMindMed Reports Full Year 2022 Financial Results and Business HighlightsCybin to Participate in the Oppenheimer 33rd Annual Healthcare ConferenceNuminus to Participate in the Sequire Cannabis & Psychedelics Conference on Wednesday, April 5, 2023Braxia Scientific Provides Update on Proposed Irwin Transaction; Company Retains Strategic Clinical Assets and Ketamine Numinus Announces Four Peer-Reviewed Publications from its Chief Clinical Officer in 2023Irwin Naturals Signs Letter of Intent to Acquire Braxia ScientificNuminus Wellness Inc. Reports Q1 2023 ResultsIrwin Naturals and Braxia Scientific Announce Partnership for In-Human Clinical Studies Supporting Pharmaceutical CompanNuminus Develops Mushroom Tea for Use in Psychedelic ResearchIs the Psychedelic Sector Poised for a Comeback?!?PSYC + Nucleus Form New Partnership to Develop and Launch Psychedelic FinderWhat You Need to Know About Numinus Wellness…Numinus provides update on acquisition integration and announces new client financing optionsPSYC Corp’s Psychedelic Spotlight Surpasses One Million Page Views for Fourth Consecutive MonthNuminus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022The Psychedelic Sector is Quietly Outperforming the S&P 500PSYC Completes and Publishes 2021 Audited Financials; Will Begin Audit of Q1 & Q2 2022Numinus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022PSYC’s Bonfire Platform Development Progresses; Will Host Free Virtual Community Event on August 29th

Council Members in the District of Columbia Gather to Discuss Recreational Marijuana

Feb 9, 2015 • 5:48 PM EST
1 MIN READ  •  By Michael Berger
Share Share - Facebook Share - Twitter

Council members in the District of Columbia gathered together today to discuss the bill passed by voters which legalized recreational marijuana. In November 2014, 65% of voters approved a measure which legalized recreational marijuana in the District of Columbia.

Under the Marijuana Legalization and Regulation Act of 2015, the possession and sale of marijuana for adults is legal and it permits the cultivation of up to six plants. The measure also created a system of rules and regulations governing the sale of marijuana infused products and edibles. The District’s liquor board will be in charge of overseeing regulation and the tax revenue generate from marijuana will go into a dedicated fund.

Bill faces strong opposition

Council Chairman Phil Mendelson of the District of Columbia faces strong opposition from congressional Republicans, who included language in a December spending law that barred the city from using any funds to legalize marijuana. Mendelson, however, submitted the bill to Congress, and Congress has until the end of February to overturn the ballot initiative which was overwhelmingly approved by Washington voters.

Congress has direct oversight over the District of Columbia and the congressional review period runs out at the end of February. Congress has used its power to overturn three bills in the District of Columbia over the course of the last 40 years.

Mayor Muriel Bowser, a Democrat, said that her administration wants to work with Congress to have the bill approved. President Obama has also taken a stance on legal marijuana in Washington D.C. His fiscal 2016 budget leaves the District of Columbia free to spend its own funds on legalization.

Share Share - Facebook Share - Twitter


Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.


Top Stories

Get the Latest Cannabis News & Stock Picks.

Enter your email below to join the official Mushroomstocks newsletter.

 All good -- no spamming here.

The psychedelics sector is starting to take off as smart money begins to position itself across the industry.

Stay updated with all latest updates,upcoming events & much more.