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Delaware Marijuana Activists Stage Boycott Of Medical Dispensaries That Testified Against Legalization Bill

Delaware Marijuana Activists Stage Boycott Of Medical Dispensaries That Testified Against Legalization Bill

Delaware marijuana activists are mounting a boycott against four medical cannabis operators in the state after representatives of those companies testified in opposition to an adult-use legalization bill last month. While the Health and Human Development Committee advanced the legislation, advocates say they were “stunned” to hear opposing voices from four of the state’s six medical marijuana companies. Those are: Columbia Care, Fresh Delaware, CannTech and EZY Venture. The businesses argued that enacting recreational legalization as delineated in the bill would oversaturate the market with retailers and create an oversupply of marijuana.

Kyle Jaeger, Marijuana Moment, 04/08/2021 15:17:00

Open article: https://www.marijuanamoment.net/delaware-marijuana-activists-stage-boycott-of-medical-dispensaries-that-testified-against-legalization-bill/

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Maine Lawmakers File Bill To Decriminalize Possession Of All Drugs

Maine Lawmakers File Bill To Decriminalize Possession Of All Drugs

Maine lawmakers have formally introduced a bill to broadly decriminalize possession of all currently illicit drugs—the latest state-based move to comprehensively address ending the drug war. Rep. Anne Perry (D) is the lead sponsor of the legislation, which would make possession of a controlled substance a civil penalty punishable by a $100 fine without the threat of jail time. If a person is unable to pay the fine, it could be waived if they underwent a health assessment which could involve a referral to substance misuse treatment. Additionally, the proposal stipulates that people who seek out medical assistance for the anti-overdose medication naloxone, either for their own behalf or for another person, could not be subject to arrest or prosecution

Kyle Jaeger, Marijuana Moment, 04/08/2021 08:50:00

Open article: https://www.marijuanamoment.net/maine-lawmakers-file-bill-to-decriminalize-possession-of-all-drugs/

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Connecticut Governor Says Marijuana Legalization Will Be Decided By Voters If Lawmakers Fail To Enact Reform

Connecticut Governor Says Marijuana Legalization Will Be Decided By Voters If Lawmakers Fail To Enact Reform

The governor of Connecticut said on Wednesday that if lawmakers fail to pass a marijuana legalization bill, he expects voters to decide on the issue via referendum. Gov. Ned Lamont (D) was asked about the status of cannabis reform in Connecticut at a press conference, and he noted that a bill to legalize marijuana for adult use that he’s backing cleared the Judiciary Committee on Tuesday after being amended by the panel. That said, as was made clear by lawmakers at that hearing, the governor said the legislation as it currently stands is not the final product. “I think there’s going to be a couple of more iterations on this,” Lamont said. Watch the governor talk about marijuana policy in Connecticut in the video below, starting around 42:50: Considering that cannabis is legal in Massachusetts and was recently legalized in New York, Lamont said, “it’s time for Connecticut to do this on a very regulated basis.

Kyle Jaeger, Marijuana Moment, 04/08/2021 11:05:00

Open article: https://www.marijuanamoment.net/connecticut-governor-says-marijuana-legalization-will-be-decided-by-voters-if-lawmakers-fail-to-enact-reform/

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Virginia Becomes the 17th State to Legalize Marijuana

Virginia Becomes the 17th State to Legalize Marijuana

Virginia lawmakers gave final approval to a bill that will legalize, regulate, and tax cannabis sales for adults 21 and over on April 7th. Virginia is now the 17th state to legalize cannabis for adult use and the fourth state to adopt a legalization policy by passing a bill through its state legislature. Thirteen additional states have legalized by voter initiative. In addition to legalizing cannabis for adults 21 and over, the law will establish a Cannabis Equity Reinvestment Fund that will be used to support persons, families, and communities that have been disproportionately affected by enforcement of cannabis laws. Legal possession and personal cultivation will begin on July 1, 2021. Virginia is also one of 36 states with a medical cannabis program, and in May 2020, Virginia decriminalized simple cannabis possession.

AZ Marijuana, 04/09/2021 03:18:00

Open article: https://azmarijuana.com/marijuana-news/virginia-becomes-the-17th-state-to-legalize-marijuana/

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Pure Extracts to Enter US Market through JV in Michigan

Pure Extracts to Enter US Market through JV in Michigan

Pure Extracts Technologies Corp. announced the signing of a Letter of Intent (“LOI”) with the affiliate of a publicly traded multi-state operator (MSO) to form a Joint Venture (the “JV”) to install a cannabis and hemp extraction system in an existing Michigan facility. This MSO has a long history of success in Oregon offering a family of products including sun-grown and indoor premium flower, along with patented nitro sealed indoor and sun-grown pre-rolls and jars. These products are also grown and packaged in Michigan for retail sale in over 100+ dispensaries throughout the state. Pure Extracts is a plant-based extraction company focused on cannabis, hemp, functional mushrooms, and the rapidly emerging psychedelic sector from a state-of-the-art processing facility located just north of Whistler, British Columbia. In Michigan, the companies plan to join forces by combining the MSO affiliate’s local permitting, licensing, and marketing expertise with Pure Extracts’ extraction, vape, live resin and edibles manufacturing skills.

Sean Hocking, Cannabis Law Report, 04/08/2021 14:31:00

Open article: https://cannabislaw.report/pure-extracts-to-enter-us-market-through-jv-in-michigan/

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Why Investment Cannabis Tech  Is at Its Highest Level Since 2019

Why Investment Cannabis Tech Is at Its Highest Level Since 2019

People used cannabis in large numbers during the height of the lockdowns caused by the pandemic. Investors, including big-name celebrities and well-known venture capital funds, are banking on that trend to continue as the pandemic lessens its hold on the country. The interest in cannabis became apparent the moment lockdowns began as long lines formed at dispensaries. Many governments named cannabis dispensaries as essential businesses. Cannabis sales jumped 45 percent. Investors took notice. A clear sign of this came in the recently announced deal involving Dutchie, the Oregon-based e-commerce platform. The company announced it raised $200 million in a funding round that valued Dutchie at $1.7 billion. Investors included NBA star Kevin Durant, former Starbucks CEO Howard Schultz and DoorDash co-founder Stanley Tang. They’re not alone. Other celebrity investors in the cannabis industry include Joe Montana, who heads Liquid 2 Ventures, and Snoop Dogg, who founded Casa Verde Capital. Well-known firms such as Arcadian Capital in Beverly Hills and Phyto Partners in Boca Raton have also funded about a dozen cannabis tech startups.

420 Intel – Marijuana Industry News, 04/07/2021 20:00:00

Open article: https://420intel.com/articles/2021/04/08/why-investment-cannabis-tech-its-highest-level-2019

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Tilray Makes Public Debut Worth 153 Million

A heavily anticipated initial public offering (IPO) from Tilray finally made its debut on the Nasdaq with a higher price tag than expected on Thursday (July 19). During its first day in the public market, Tilray’s stock delivered on anticipation from the investor...

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