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U.S. Patent on Cannabis to Earn Millions for Government and Big Pharma
Fun fact: the U.S. Government held a patent on certain cannabinoids for 16 years. The National Institute of Health (NIH) licensed certain pharmaceutical companies to use some of these patented materials. In the event those companies develop a successful drug from...
Miami finally approves first medical cannabis dispensary
Los Angeles investors can open up shop as Miami City ends a years-long silent ban on medical marijuana providers There are over 425 dispensaries spread across the state of Florida. Somehow, Miami has none. That should change soon. Last week, a 3-2 vote from Miami City...
4 New Jersey weed laws that need to change now
The tri-state weed race is shaping up to be a marathon. New Jersey beat neighbors in New York and Pennsylvania out of the gate by starting adult-use cannabis sales in April. But many smokers in The Garden State still face ridiculous hurdles to safe access and...
New York Lawmakers Just Introduced a Bunch of Cannabis Bills
As New York’s regulators work on the rules that will guide the launch of the state’s adult-use cannabis industry sometime later in 2022, lawmakers are already introducing bills that could reshape it. Nearly a dozen bills introduced in May cover everything from...
In Seattle Area, Local Legislation Creates Cannabis Safety Task Force
King County, home to Seattle, will create a Cannabis Safety Task Force in the wake of recent dispensary robberies and violence. The goal is “to develop strategies to prevent criminal activity targeting cannabis businesses and address security concerns at cannabis...
Vermont Cannabis Control Board issues 1st retail marijuana cultivation license
The Cannabis Control Board issued its first license on Monday for retail marijuana cultivation in Vermont. Officials say more licenses are in the pipeline but frustration is growing for some who are trying to plant their roots in the industry. Despite a slight delay...
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More Ohioans could become eligible for medical marijuana under Senate bill
A Republican lawmaker’s efforts to overhaul Ohio’s medical marijuana program and expand the number of Ohioans eligible for a cannabis prescription were put to the test Wednesday. The House Government Oversight Committee held its fourth hearing on Senate Bill 261, introduced by Sen. Steve Huffman (R-Tipp City), to streamline the process for businesses vying for a medical marijuana license and permit physicians to prescribe the drug where they “reasonably” believe it will help a patient. “It makes it more patient-centered, and as a physician, I’ve always been for making it patient-centered, that they can get it for the right conditions and the right way for a good price,” Huffman said. Under current law, Ohio’s medical marijuana program falls under the purview of the Ohio Board of Pharmacy. Huffman’s bill would transfer most of the authority to the Department of Commerce – a move he said will spur the provision of business licenses at a quicker pace to keep up with the market’s demand. Huffman said businesses seeking a license are often bounced back and forth between the Ohio Board of Pharmacy and the Department of Commerce, so SB 261 would eliminate the bureaucratic red tape around the process.
Cannabis Business Executive – Cannabis and Marijuana industry news, 04/28/2022 08:46:00
Tennessee Lawmakers Table Bill Aimed at Regulating Delta-8 THC Products
Tennessee lawmakers have tabled legislation aimed at regulating delta-8 THC products in the state. House Bill 1927, sponsored by Rep. William Lamberth, R-Portland, would essentially ban the sale or possession of any hemp-derived products containing more than 0.3% THC on a dry-weight basis. Delta-8 THC products are currently legal to sell and consume in Tennessee since the compound is produced from hemp, but lawmakers have expressed concerns about the lack of regulations governing it and other cannabinoids in the state. H.B. 1927 was not heard during an April 27 House floor session and will not likely be revived unless the Senate Finance Committee calls a special session on April 28 to discuss it, according to ABC News affiliate News Channel 9. A Senate spokesperson told the news outlet that if the Senate Finance Committee does not take up the bill Thursday, the legislation will be dead for the year and delta-8 products will continue to be sold in the state as they are now.
William Freedman, Cannabis Business Times, 04/28/2022 10:41:00
Virginia Lawmakers Reject Governor’s Cannabis Misdemeanor Proposal in Veto Session
Virginia adults 21 and older can legally possess up to 1 ounce of cannabis, but the possession of up to 1 pound of will remain a civil violation with a max fine of $25, at least for now. While first-year Republican Gov. Glenn Youngkin signed 700 bills into law April 11, he added a proposed amendment to Senate Bill 591, one of the 141 bills he did not sign. His proposal was to establish new criminal misdemeanor penalties for people in possession of more than 2 ounces of cannabis. That effort was squashed April 27 when the General Assembly held its veto session. Specifically, the amendment was defeated when legislators voted to re-refer the legislation to the Senate Rehabilitation and Social Services Committee for the next legislative session—killing the governor’s amendment for this year. JM Pedini, NORML’s development director, said in a new release that there were pluses and minuses to the Senate kicking the can down the road. Pedini also serves as the executive director of Virginia NORML.
William Freedman, Cannabis Business Times, 04/28/2022 11:44:00
Georgia Voters Will Weigh In on Adult-Use Cannabis Legalization
Georgia voters will get the chance to make their opinions known on adult-use cannabis legalization in next month’s primary election. One of the non-binding advisory questions on the state’s ballot asks if Georgia should legalize, regulate and tax cannabis like alcohol, according to The Dales Report. The cannabis question is one of nine advisory inquiries that will appear on the ballot, the news outlet reported, and proposes legalizing cannabis for adults 21 and older and using the tax revenue generated from the market to fund health care and infrastructure. If the majority of Georgia’s voters indicate support for the advisory question, it will not trigger immediate changes to the state’s laws but will signal to lawmakers that their constituents are ready for cannabis policy reform. In the meantime, Georgia continues to grapple with the rollout of a medical cannabis program that would allow the state’s roughly 20,000 registered patients to access low-THC oil. Gov. Brian Kemp signed a law in 2019 to establish a regulated medical cannabis program in the state after years of regulatory limbo that allowed registered patients to possess—but not purchase—cannabis oil containing no more than 5% THC.
William Freedman, Cannabis Business Times, 04/28/2022 11:08:00
New Jersey Reveals Sales Figures for First Day of Adult-Use Cannabis
Lines wrapped around buildings as New Jerseyans 21 and older gained access to 12 adult-use cannabis dispensaries when the state officially launched its licensed retail program on April 21. The results? The 12 retail locations sold nearly $1.9 million in adult-use cannabis and products to 12,438 customers, or roughly $150 per transaction, according to the New Jersey Cannabis Regulatory Commission (CRC). CRC Executive Director Jeff Brown said in a statement April 27 that the 12 retail locations, which were already established medical cannabis dispensaries, did not report negative impacts to their medical cannabis supply amidst the adult-use rollout, the Asbury Park Press reported. “We expected sales to be substantial, and the data shows that the market is effectively serving both adult-use consumers and patients,” Brown said. “We continue to monitor inventory and access for patients and are prepared to take enforcement action against any [retailer] that does not meet the requirements for patient access and supply.” CRC officials had delayed the application and licensing process leading up to last week’s commercial sales launch—a full 534 days after New Jersey voters passed Question 1 in the November 2020 election. The commission’s rationale was partly to ensure state-licensed businesses were ready to provide an adequate supply of cannabis to both medical and adult-use customers.
William Freedman, Cannabis Business Times, 04/28/2022 10:10:00
U.S. Attorney General Reiterates That Marijuana Enforcement Wastes Department Resources, But Declines To Comment On Formal Guidance
The U.S. attorney general on Tuesday reiterated that he believes it is “not an efficient use” of federal resources to go after people for possessing marijuana. But he declined to directly answer a senator’s question on whether the Justice Department would be reinstating Obama-era enforcement guidance on not interfering with state cannabis programs that were rescinded during the Trump administration. Attorney General Merrick Garland was pressed on the issue at a Senate Appropriations subcommittee hearing by Sen. Brian Schatz (D-HI), who asked the nation’s top prosecutor whether he intended to reissue guidance encouraging federal prosecutors to use discretion in cannabis cases in states that have legalized. “I laid this out in my confirmation hearing, and my view hasn’t really changed since then,” Garland replied. “The Justice Department has almost never prosecuted the use of marijuana, and it’s not going to be.” Marijuana prosecutions are “not an efficient use of the resources given the opioid and methamphetamine epidemic that we have,” he said.
Kyle Jaeger, Marijuana Moment, 04/26/2022 11:47:00
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Congressman Says There’s ‘Tremendous Momentum’ To Pass Marijuana Banking In Bicameral Conference On Manufacturing Bill
A key congressman involved in bicameral negotiations on a large-scale manufacturing bill says he’s optimistic about the prospects of including marijuana banking reform in the final version of the legislation that gets signed into law. Rep. Earl Blumenauer (D-OR), a...
Congressman Urges Transportation Department To Reform Marijuana Testing Policies For Drivers
U.S. Department of Transportation (DOT) policies on drug testing truckers and other commercial drivers for marijuana are unnecessarily costing people their jobs and contributing to supply chain issues, a congressman said in a letter to the head of the department on...
Marijuana Legalization More Popular In Texas Than Governor, Biden And Other Officials, New Poll Finds
Marijuana legalization is more popular in Texas than the state’s top elected officials and President Joe Biden, according to a new poll. The survey from the University of Texas at Tyler found that an overwhelmingly, bipartisan majority of Texans (83 percent) support...
Arizona Recreational Marijuana Sales Hit A New Record In March, State Reports
“The legalization of cannabis in Arizona has been a boon for our economy and the state tax coffers.” By David Abbott, Arizona Mirror Medical marijuana sales in Arizona continued to slide in March, dropping for the fifth consecutive month as recreational adult-use...
Cresco Labs Announces Expiration of HSR Act Waiting Period For Proposed Acquisition of Columbia Care
Cresco Labs Inc. and Columbia Care Inc. announced the expiration of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with Cresco Labs’ previously announced proposed acquisition of Columbia Care. On March...
The Michigan adult use market is one of the fastest growing cannabis markets in the United States
A bright spot of the United States (US) cannabis industry has been the performance of Midwestern states that allow for the sale of recreational cannabis. Although we are favorable of the medical cannabis opportunity in the Midwest, recreational cannabis is becoming...
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