Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate advances third-substitute of SB 89 to create licensed CBD payment processor and tightly regulated medical cannabidiol program
Summary
Senators debated competing cannabis bills and advanced third-substitute SB 89, which creates a licensed CBD payment-processor model, limits initial licenses for growers/processors/dispensaries, and emphasizes research and rule-making; sponsor said the bill treats cannabis 'like a medicine.'
Senator Vickers, sponsor of Senate Bill 89, moved the third substitute and urged colleagues to treat cannabis-derived medicines under a strict medical and regulatory framework. "If it's a medicine, then treat it like a medicine," he said, summarizing the bill's guiding principle.
The bill, as described by Vickers, would create a CBD payment-processor license administered by the Department of Financial Institutions, permit only a small number of licensed growers and processors (two each) and initially authorize a limited number of dispensaries (five). It sets a medicinal ratio (10:1 CBD:THC) and a 5 percent THC cap for allowed dosage forms; physicians could prescribe Marinol where higher THC is medically necessary,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
