Loiterman, a lawyer and a former member of the Oregon Liquor Online Cigarettes Store USA Control Commission's Cannabis Advisory Board, called the SAFE Act a potential "massive game changer" for the cannabis industry.
"We could see full access to the banking industry, which means mortgages and credit cards, and checking accounts and all these other things," said Loiterman, who also served as chairman of the Illinois Bar Association's Health Sections Council.Meanwhile, the 2018 Farm Bill, which was signed by President Donald Trump, legalized the cultivation and interstate sales of hemp. The legislation defines hemp as the part of the cannabis plant that contains less than 0.3 percent tetrahydrocannabinol, or THC, the active ingredient of marijuana that gets people high.
"If you've got a long-term view, you don't want to overcommit," Loiterman said. "You want to be prepared to adapt to the changes those revolutions will bring."Chris Reed, the police chief for the Kemah Police Department, lost his balance and went overboard due to a wake created by a larger Newport Pleasure passing vessel near Texas City on Friday, according to the U.S. Coast Guard.
Reed's wife called 911 around 4 p.m. Friday to report that he'd fallen into the bay, officials said. He was not wearing a life jacket.
A body matching Reed's description was recovered Sunday morning just before 8 a.m. about 1.5 miles north of the Texas City Dike by the Galveston County Marine Unit, the Coast Guard said in a statement.
“Our hearts go out to the family and friends of Chief Reed, as well as the Kemah and law enforcement communities,” said Lt. Cmdr. Caren Damon, search and rescue mission coordinator for the Coast Guard.Texas City Police Chief Joe Stanton described Reed, who took over as chief Newport 100s Boxof the Kemah Police Department two years ago, as a "big, big part of Galveston County law enforcement" during a press conference Friday night.
"I want to thank all of the agencies that have responded -- the response has been overwhelming -- and our hearts and prayers go out to the family," Stanton said.