2018 was an amazing year for moving Wisconsin closer to cannabis legalization. Never before has the state seen the level of support for legalization of cannabis for both medical and adult use as 2018. Not only did the Marquette Law School Poll find their highest level of support for legalizing cannabis like alcohol with 61% saying they approve, an unprecedented 16 counties and 2 cities placed cannabis advisory referendums on the Nov. 6 ballots. Five other counties considered referendums, other locations continue to debate resolutions in favor.
A survey of 95 Wisconsin bank CEOs and presidents by the state’s largest financial industry trade association, the Wisconsin Bankers Association (WBA), has found low confidence for funding investments in Wisconsin’s new hemp industry at this time, according to a release from the group.
83% of the respondents said “no,” with only 17% saying “yes” to the two questions asked in the survey:.
The first question was, “If the 2018 Farm Bill changes the federal view of hemp, will your bank actively seek to provide loans to industrial hemp farmers and/or processors in Wisconsin?”
Wisconsin Senate Republican Majority Leader Scott Fitzgerald has announced state senate committee chairmanships for the upcoming 2019-2020 legislative session. In a move that could be a game-changer, Fitzgerald appointed Sen. Patrick Testin (R-Stevens Point) to chair the Senate Health Committee, a position long held by Sen. Leah Vukmir, who gave up her state senate seat in a losing bid for the U.S. Senate seat held by U.S. Sen. Tammy Baldwin.
Senator Patrick Testin Senate District 24 (R-Stevens Point).
The most recent Marquette Law School poll from Aug. 2018 found that 61% of Wisconsinites want to see cannabis regulated like alcohol. Both Dane and Rock county’s Nov. 6 cannabis advisory referendums asked voters if cannabis should be regulated like alcohol. Combined more than a quarter of million voters (268,257) in Dane and Rock counties agreed, with 69% in favor in Rock County and 76% in Dane.