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Today's edition is sponsored by Hanso. Who doesn’t want a nice new Pergola for the 4th of July? Their support keeps these briefings free and focused on what actually matters.
The federal fight goes on recess for the holiday, but the question underneath it does not get a day off. On the eve of the country's 250th, the cannabis and hemp stories that matter are all versions of the argument the founders started: where Washington's authority ends and a state's begins. The Senate has two hemp bills that answer that in opposite directions, Alabama is holding a hearing on whether a federal reclassification gets to rewrite state law, and North Carolina's own two chambers cannot agree inside a single building. In Washington, the House folded cannabis advertising into a child-safety package and the Justice Department told the D.C. Circuit exactly who is paying to keep marijuana at Schedule I.
One housekeeping note before we get into it: we are stepping back next week for the holiday, so the daily briefing goes quiet after today and returns the week after.
🧒 The House writes cannabis ads into child-safety law
🌾 The Senate splits over who owns the hemp question
💸 A $43 million reminder that the SEC never left
The powers delegated by the proposed constitution to the federal government, are few and defined. Those which are to remain in the state governments are numerous and indefinite.
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