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Featured Articles
DEA-Approved Cannabis Cultivator Debuts on NASDAQ
Bright Green Corp., a Florida-based cannabis company, made history last week by being the first “plant-touching” company to list its shares on a major securities exchange within the United States. The company, which boasts of being in possession of conditional...
Despite regulatory hurdles, these 4 US cannabis investors are planting seeds for tomorrow
Bearish markets and high interest rates often cause private investors to turn away from anything resembling a risky investment. Yet, now is a very apt time to take another look at the cannabis opportunity in the U.S. Quite a lot has changed since our previous U.S....
The Rapid Expansion of Michigan’s Cultivation Industry
Saturation, staying ahead and the wild card still out there As of January, only about 160 of Michigan’s 1,773 cities have formally approved the cultivation and sale of recreational marijuana, according to data from the state’s Marijuana Regulatory Agency . As a...
Location, Location, Location: Navigating Cannabis Real
Legalizing cannabis has created a land rush. The first step in any new cannabis market, or towards any commercial activity in cannabis, always begins with the question of where – the real estate. Finding a suitable property is probably the most difficult piece of...
Minnesota Bill To Clarify Legality Of CBD-Infused Hemp Foods And Drinks Heads To Governor’s Desk
A Minnesota bill that contains provisions to provide permanent protections allowing state hemp businesses to legally market certain cannabis products—including foods and beverages infused with CBD and other cannabinoids—is heading to the governor’s desk. While...
Rhode Island Marijuana Legalization Heads To Governor Following Senate And House Passage
The Rhode Island Senate approved a bill on Tuesday to legalize marijuana in the state, and a House of Representatives vote on an identical companion measure is expected imminently. Lawmakers in both chambers recently unveiled a revised version of the reform proposal...
Featured Articles
Germany Legalization Speeding Up
Germany appears to be speeding up its cannabis legalization process. Finance Minister Christian Lindner tweeted cannabis will be legal “soon.” Health Minister Karl Lauterbach said there are a lot of technical details to work out, which are supposed to start this summer. Expect a draft legalization bill sometime before the end of the year. The Germans plan to involve as many players as possible. The government wants coordination with federal states, municipalities, bureaucrats, medical personnel, and civil society associations before making any moves. But this is a case of too many cooks in the kitchen? Or an attempt at speeding up Germany’s cannabis legalization process? The German federal government first announced it would legalize cannabis in November 2021. But since the Russian invasion of Ukraine, speeding up the legalization process has not been a top priority for the coalition government. As far as the details go, there aren’t many. The government said it supports home cultivation. But they also said the government would regulate cannabis sales through licensed stores. No one has any other information regarding the regulations. Will there be THC limits on the products? What about bans on certain products, like edibles? And what about home cultivation? Is that a guarantee?
Caleb Mcmillan, Cannabis News, Lifestyle – Headlines, Videos & Cooking, 05/19/2022 09:24:00
Open article: https://cannabislifenetwork.com/germany-speeding-up-legalization-process/
Canopy Growth Announces Plan to Acquire Jetty Extracts
Canopy Growth Corporation and Lemurian, Inc., a California-based producer of high-quality cannabis extracts and pioneer of clean vape technology, announced today that they have entered into definitive agreements providing Canopy Growth, by way of a wholly-owned subsidiary, the right to acquire, upon federal permissibility of THC in the U.S. or earlier at Canopy Growth’s election, up to 100% of the outstanding capital stock of Jetty. Founded in 2013, Jetty is a top 10 cannabis brand in California and a top 5 brand in the Vape Category. Backed by award-winning technology, Jetty has paved the way for the most authentic and natural vape experience available to consumers. As a leader in solventless vape and a pioneer of extraction-related intellectual property (IP), Jetty has achieved strong growth over the past two years while generating positive EBITDA amidst the highly competitive California cannabis market. These agreements present Jetty with potential opportunities to collaborate across Canopy’s robust U.S. THC ecosystem, which already includes the right to acquire both Acreage Holdings, Inc. and Wana Brands, as well as a significant conditional ownership interest in TerrAscend Corp.
Posted Melissa Schiller, Cannabis Business Times, 05/18/2022 11:32:00
Open article: http://www.cannabisbusinesstimes.com/article/canopy-growth-to-acquire-jetty-extracts
New York Bill Encouraging Businesses To Use Hemp For Construction And Other Purposes Heads To Governor
The New York Senate and Assembly have passed a bill to encourage businesses to use hemp materials for packaging, construction, and other industrial purposes. After the final procedural steps, the measure will be on its way to the governor. The legislation amends state statute to stipulate that the Agriculture Commissioner would need to work with the Urban Development Corporation, hemp workgroup, and stakeholders who use (or “may potentially use”) hemp “to develop and promote the use of hemp by businesses for purposes such as packaging, construction, and other uses.” Sen. Michelle Hinchey (D), a consistent proponent of hemp as an environmentally sustainable alternative to other materials, introduced her bill on the matter before it was substituted for an identical Assembly-passed measure and then cleared the Senate on Tuesday in a unanimous 63-0 vote. The Assembly version, sponsored by Assemblymember Donna Lupardo (D), passed in that chamber by a vote of 133-5 back in February.
Kyle Jaeger, Marijuana Moment, 05/18/2022 08:50:00
Delaware Governor Makes First Comments On Marijuana Legalization Bill Sent To His Desk
The governor of Delaware has given his first public comments on a bill to legalize marijuana that was sent to his desk last week, noting the legislation’s limited scope but saying that he has remaining concerns and declining to say specifically whether he intends to sign it. Gov. John Carney (D), a rare example of a Democratic governor who continues to oppose legalization, said that he agrees that using cannabis shouldn’t be a “criminal offense,” adding that the bill passed in the legislature “just decriminalizes.” “It doesn’t have a regulatory piece that goes with it,” Carney told WMDT. “So we’re looking at the same concerns that I’ve been articulating for some time with respect to public safety and its effect on our young people, and we’ll continue to keep those in mind.” The bill that’s been transmitted to the governor’s desk is narrowly tailored, but because it removes all criminal penalties associated with possession and sharing of up to one ounce of marijuana between adults 21 and older, advocates consider that to be a form of non-commercial legalization.
Kyle Jaeger, Marijuana Moment, 05/17/2022 11:07:00
Rhode Island Lawmakers Unveil Revised Marijuana Legalization Bill, With Committee Votes Set For This Week
Rhode Island lawmakers have unveiled a newly revised marijuana legalization proposal that’s scheduled to be taken up in two committees this week and then heads to the floors of both chambers next week. The legislation is the product of months of negotiations between legislators and the governor, who released his own legalization measure as part of a budget proposal in January. Now the identical companion bills, which are being sponsored by Sen. Joshua Miller (D) and Rep. Scott Slater (D), are ready for action. Both the Senate Judiciary Committee and House Finance Committee are expected to vote on the measures on Wednesday. Assuming they advance through those panels, floor votes are set for May 24. “I’m proud that everyone involved—the advocates, the existing industry, patients, legislative leaders and the governor’s office—worked very cooperatively to smooth out the bumps and create a proposal that works for all the stakeholders,” Miller said in a press release.
Kyle Jaeger, Marijuana Moment, 05/17/2022 15:29:00
Minnesota Republican Senators Block Marijuana Legalization Vote
Minnesota’s Republican-controlled Senate on Wednesday blocked Democrats’ move to advance a marijuana legalization bill that’s been stalled in committee. Democratic Senate Minority Leader Melisa López Franzen (D) announced her plans to bring the issue up for consideration on the chamber floor through a procedural mechanism that would have required a supermajority of 41 votes to advance. As was expected, the motion failed to reach that threshold in the GOP-run body. The process López Franzen sought to use is called recall from committee. The Senate legalization bill was referred to a committee in February 2021, but it did not advance. Democrats sought to leverage that process to skip committee consideration and bring it straight to the floor for consideration. “We all know that legalization would have economic benefits, but there’s other urgent aspects of my legislation,” López Franzen said. “With all the discussion about public safety this year, we also need to address disparities in the criminal justice system around cannabis that disproportionately impact communities of color. That’s why I’m asking to make this urgent motion to bring my bill to the floor.”
Kyle Jaeger, Marijuana Moment, 05/18/2022 12:53:00
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Georgia Voters Approve Marijuana Legalization Ballot Question
Georgia voters have sent a marijuana message to state lawmakers, approving a ballot measure on Tuesday that expresses their support for adult-use cannabis legalization. State Democratic party leadership placed nine non-binding advisory questions on the primary...
Delaware’s Democratic Governor Vetoes Marijuana Legalization Bill, But Lawmakers Have Votes To Override
The Democratic governor of Delaware announced on Tuesday that he has vetoed a bill to legalize marijuana that the legislature sent to his desk earlier this month. It was no secret that Gov. John Carney (D) wasn’t keen on legalization, despite the issue’s popularity...
European Cannabis Industry ‘Potentially An Even Bigger Opportunity’ Than The US, And Investors Should ‘Wake Up To The Opportunities In Their Own Backyard’
American investment in the European cannabis industry has grown at pace over the last few years, with hundreds of millions in capital flooding into the region from across the Atlantic. As patient numbers rise and it transitions ‘towards a fully legal, regulated market...
Australian Mainsteam Media Appears A Little Surprised By Cannabis Party Polling
The country has over 100K medical patients who pay far too much for their prescriptions and in the main can only access these prescriptions from medical cannabis companies rather than GPs. These companies also tend to ask for hideously expensive consulting “fees”...
Oklahoma Cannabis Regulators Recall 99 Products, Suspend Lab’s License After It Passed Failed Yeast, Mold, Aspergillus, E. Coli Tests
Allegations of rules violations against an Oklahoma City-based medical cannabis testing laboratory have resulted in a suspended license as state regulators have recalled 99 products. The Oklahoma Commissioner of Health issued an emergency order May 20,...
North Carolina lawmaker introduces legalization bill
The North Carolina legislation faces long odds in the Republican-controlled General Assembly. A Democratic lawmaker in North Carolina on Monday introduced a bill that would legalize the sale and possession of recreational cannabis for adults in the state. State Sen....
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