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Featured Articles
Ballot measure for recreational cannabis in Missouri claims 200,000+ signatures
Cannabis advocates in Missouri who want the state to become the next to legalize cannabis for adult use have reached a new milestone in their ballot drive with two weeks to spare. Legal Missouri 2022, a group petitioning to put recreational cannabis on the ballot,...
Thailand’s FDA Has Received 4,700 + Applications To “import, possess, grow and produce cannabis and hemp.”
Thailand’s FDA Has Received 4,700 + Applications To “import, possess, grow and produce cannabis and hemp.” The Bangkok Post reports Thailand’s Food and Drug Administration (FDA) has received some 4,700 applications for licences from people and organisations to import,...
Seven In Ten Americans Back Marijuana Legalization, With Majorities Embracing Pro-Reform Politicians, Two New Polls Find
Another pair of recent polls found that marijuana legalization enjoys a majority, bipartisan support—with most Americans also saying they’d be more likely to support politicians that back reform. The market research firm SSRS found that 69 percent of Americans back...
Congressional Researchers Highlight Growing Federal-State Marijuana ‘Policy Gap’ In New 100-Page Report
The gap between federal and state marijuana policies continues to widen and shows no signs of stopping, congressional researchers said in a new report that also lays out options for how lawmakers could address the growing schism. The Congressional Research Service...
Biden Issues First Pardons To Those With Federal Cannabis And Drug Convictions
President Joe Biden has finally granted clemency to dozens of individuals with non-violent federal drug convictions and commuted the sentences of 75 people who were serving time at home because of the pandemic. He also issued three pardons....
Virginia Redefines THC to Ban Delta-8 Last Minute
The subject of delta-8 and the cannabinoids market is an extremely controversial one, and different groups have their own take on the legality of the situation. Individual states have been instituting their own policies to allow or ban the substances; and such is the...
Featured Articles
Rhode Island House Panel Discusses Competing Marijuana Legalization Proposals From Lawmakers And Governor
A Rhode Island House Committee on Tuesday discussed a bill to legalize marijuana in the state, as well as the governor’s separate budget proposal that includes provisions to end cannabis criminalization and create a regulated market. The hearing on the pieces of legislation from Rep. Scott Slater (D) and Gov. Dan McKee took place in the House Finance Committee, one week after a separate Senate panel took testimony on an identical companion version of the Slater bill that’s being sponsored by Sen. Joshua Miller (D). The lawmaker-driven bill was introduced earlier this month following months of negotiations between legislative leaders. McKee released his budget proposal with the legalization components in January. “I’ve been supporting the legalization of cannabis for a number of years,” Slater told fellow lawmakers at Tuesday’s hearing. “I just think it’s the best public policy” and is “long overdue.” Referring to Rhode Island’s neighboring states that have already enacted legalization, he called Rhode Island “kind of an island of prohibition, surrounded by legal cannabis around us.” “We’re already dealing with it,” he said. “We might as well take the revenue in” by legalizing sales.
Kyle Jaeger, Marijuana Moment, 03/22/2022 19:12:00
Michigan Cannabis Workers Unionize With UFCW Local 876
Cannabis dispensary employees in Manistee, Mich., a Lake Michigan coast city in the northwest part of the state, unionized earlier this month with the United Food and Commercial Workers (UFCW) Local 876. The organized workers at the Authentic 231 retail facility in Manistee operate under vertically integrated cannabis company Left Coast Holdings (Heritage Farms), which owns multiple dispensaries throughout the state. Left Coast ownership initiated the unionization, according to a UFCW press release. Local 876 President Dan Pedersen said the Authentic 231 workers represent the first cannabis dispensary in the state to organize. “UFCW 876 looks forward to building a strong relationship with both owners and workers of Authentic 231, in providing job guarantees and protections to this rapidly growing industry,” Pedersen said in the release. “It is UFCW 876’s goal this effort serves as a model for sustaining unionizing efforts, by building stronger communities with stronger jobs.”
Cannabis Business Times, 03/21/2022 16:31:00
Cresco Labs Buying Rival to Become Largest U.S. Cannabis Company
Cresco Labs (OTC: CRLBF) is buying New York-based Columbia Care (OTC: CCHWF) in a $2 billion deal that will make it the largest marijuana company in the U.S. The all-stock purchase would give Cresco a presence in new recreational-marijuana markets, such as New Jersey and Virginia. It’s the largest merger in the marijuana business since Trulieve, based in Quincy, Fla., bought Harvest Health & Recreation for $2.1 billion last year. The deal is the biggest involving a Chicago-based marijuana company since Grassroots was bought by Curaleaf, headquartered in Wakefield, Mass., for $715 million in 2020. The acquisition reinforces Chicago’s place at the center of the legal marijuana industry. Cresco is one of three large publicly traded cannabis companies headquartered in Chicago, along with Green Thumb Industries and Verano Holdings.
Tamanie Pitts, Green Market Report, 03/23/2022 08:26:00
South Dakota Governor signs handful of medical cannabis bills
The six bills bring a host of changes to the new cannabis law in South Dakota, including one that places a limit on the number of plants a patient can grow. South Dakota Gov. Kristi Noem last week signed a number of bills dealing with the state’s fledgling medical cannabis program that voters approved at the ballot in 2020. Noem’s office said Friday that the first-term Republican had “signed six medical cannabis and hemp bills into law,” and that implementing those measures “will be part of Governor Noem’s focus on implementing a safe and responsible medical cannabis program that is the most patient-focused in the country.” Perhaps most notably, one of the bills signed into law by Noem will place a limit on the number of cannabis plants a patient can grow at his or her home at four––two of which “can be the state of growth at which they produce marijuana buds, while the other two plants cannot be beyond seedling stage,” according to the Argus Leader newspaper. As the Associated Press noted, the “voter-passed law placed no maximum cap on the number of plants that may be grown in patients’ homes, but lawmakers moved this year to limit the number to four: two flowering and two non-flowering,” a compromise that came “after the Republican-controlled House proposed banning homegrown cannabis entirely, and Republicans in the Senate pushed a six-plant cap.”
420 Intel – Marijuana Industry News, 03/22/2022 20:00:00
New York’s Cayuga Nation To Sell Recreational Cannabis
The tribe may beat state recreational sales by up to a year New York’s Cayuga Nation Native American tribe is preparing to launch an adult-use cannabis cultivation enterprise, months before state-licensed recreational pot retailers begin serving customers. Under the Marijuana Regulation and Taxation Act (MRTA) passed by lawmakers last year, possession of cannabis became legal for adults in September. But regulators are still working to manage and license adult-use cannabis businesses, with retailers not expected to open until spring of 2023. As sovereign nations, however, Native American tribal governments have the power to regulate cannabis production and sales on tribal lands. Last summer, the Shinnecock Nation on Long Island announced that it was beginning a commercial cannabis operation on its land. And now the Cayuga Nation, which is already the home of hemp and CBD brand Arrowhead Hemp, is also delving into the recreational weed industry.
High Times, Marijuana Retail Report – News and Information for Cannabis Retailers, 03/22/2022 01:23:00
Georgia Senate almost voted on cannabis product without realizing it
An unlikely Senate duo — a conservative South Georgia farmer running for higher office and a liberal Atlanta preacher — have teamed up to help cannabis farmers with a bill allowing more hemp products in a state where marijuana remains illegal. The Georgia bill got as far as the floor of the state Senate before opponents killed it. Few people initially noticed their bill would have authorized a hemp derivative called Delta-8 THC, a product already sold in stores that gives users a recreational high. Retailers are selling Delta-8 under a federal hemp law that doesn’t specifically ban it. No one mentioned Delta-8 when the bill was debated, nor did the legislation’s broad language make the change clear. State Sen. Tyler Harper, a Republican from Ocilla, said he supported the bill’s attempt to promote Georgia’s fledgling hemp farming industry. The cannabis plant is primarily used to create CBD oil, a popular product used for anxiety and sleeplessness that can contain trace amounts of THC, the compound that gives marijuana users a high.
420 Intel – Marijuana Industry News, 03/21/2022 20:00:00
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Ballot measure for recreational cannabis in Missouri claims 200,000+ signatures
Cannabis advocates in Missouri who want the state to become the next to legalize cannabis for adult use have reached a new milestone in their ballot drive with two weeks to spare. Legal Missouri 2022, a group petitioning to put recreational cannabis on the ballot,...
Raleigh N.C. Bank Tries To Carve Niche In Serving Cannabis Industry
North Carolina is one of 13 states that have no legal avenue for the use of medical marijuana, much less the sale and distribution of recreational cannabis. That hasn’t deterred a 100-year-old Raleigh bank, West Town Bank & Trust, from launching last...
Cleveland to Expunge Cannabis Convictions
Officials with the city of Cleveland have filed motions to expunge cannabis convictions of more than 4,000 people. The convictions are for possession of 20 grams or less, dating back to 2017. If considered a minor misdemeanor, cannabis possession won’t create a...
South Africa approves first legal cannabis pharmacy
South Africa has given the green light for the operation of the first legal cannabis pharmacy within its boundaries. This unmatched launch follows the Decriminalisation of cannabis in South Africa in 2018. According to a report by The Sunday Times, THC Pharmacy is...
Despite Falling Stock Prices, Cannabis Leaders Are Optimistic
Cannabis investors have seen stock prices tumble even as cannabis companies report increasing sales. Green Market Report recently asked some leaders in the cannabis industry how they felt about the market in general despite the market pessimism. Brandon Pollock, CEO...
US cannabis firm to light up Thai weed scene
A Las Vegas-based cannabis company has become the first foreign franchise to jointly open a medical marijuana clinic in Thailand, treating Parkinson’s, Alzheimer’s, cancer, eating disorders, and insomnia in Bangkok’s flashy tourist zone. “I hope that Thailand becomes...
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