Why Did North Carolina House Republican Lawmakers Decide Not To Legalize Medicinal Cannabis In The State?

North Carolina House Republicans decided on June 23 to not to legalize medical cannabis, something that had already been passed by the State Senate, reported Axios on June 22.

According to confidential sources, Republicans voted following an internal caucus vote.

What Happened: House Speaker Tim Moore (R) was a key lawmaker who dismissed the idea of enacting medical cannabis legalization this year. “I feel very confident that Republicans will have a supermajority next year. When I say next year, I mean six months from now. We can deal with this then," he said.

In addition, the North Carolina Compassionate Care Act was approved by the State Senate as a measure that would have allowed cannabis with higher levels of THC to treat cancer, epilepsy, post-traumatic stress disorder, HIV, AIDS and Crohn's Disease.

The legislation from Sen. Bill Rabon (R) cleared the State Senate earlier this month in a strongly bipartisan vote.

“This bill is going to, in my opinion, help a lot of people at the end of their life at a time that they need some compassion,” said Rabon, who co-sponsored it. “We have looked at other states, the good and the bad (...) And we have, if not perfected, we have done a better job than anyone so far.”

However, the bill would not decriminalize recreational weed.

Photo by Elijah Mears on Unsplash

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisGovernmentNewsRegulationsPoliticsMarketsGeneralBill RabonNorth CarolinaNorth Carolina Compassionate Care ActTim Moore
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!
CCC-Oct-24-Banner-1

Click on the image for more info.

Cannabis rescheduling seems to be right around the corner

Want to understand what this means for the future of the industry?

Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. 

Get your tickets now before prices surge by following this link.