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Featured Articles
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...
Arizona Collected More Tax Revenue From Marijuana Than Alcohol And Tobacco Combined, March Data Shows
Arizona generated more tax revenue to the state general fund from legal marijuana sales than from tobacco and alcohol combined last month, state data released last week shows. Tax deposits to the state general fund from medical and adult-use cannabis reached about...
Austin, Texas Voters Can Officially Start Voting On Local Marijuana Decriminalization Ballot Initiative
Early voting kicked off in Austin, Texas on Monday, giving voters a chance to decide on a local initiative to decriminalize marijuana and ban “no-knock” warrants by police. The Austin City Council approved a resolution to put the reform measure on the local...
Alabama Democrats start ‘Free Weed’ site for marijuana legalization
The Alabama Democratic Party has launched a “Free Weed” website to support its effort to legalize the recreational use of marijuana in the state. The site, www.FreeWeedAL.com, argues that prosecutions for small amounts of cannabis are a waste of criminal justice...
Featured Articles
Will Mexico Drop Hemp from the Cannabis Law Bill?
Unfortunately, it looks like Mexico may leave hemp out of the cannabis law bill. That is right folks, after much discussion, lobbying and attempts to educate the government on cannabis legalization in Mexico (yes, we have also made our small contributions), the Mexican Senate seems more focused on creating the appearance that it will go after drug cartels, and protect non-marijuana smokers’ rights, than creating an actual industry. The most recent example of this posture is by leaving hemp out of the discussion. We have been monitoring the cannabis legalization process in Mexico very closely for years. Last June we reported that the Cannabis Law bill had been stalled, for no apparent reason. Eventually, the Supreme Court had to convince the legislative power of the urgency to regulate cannabis production and distribution. Now, finally, after months of inactivity, the Senate claims to be discussing the Cannabis Law bill again, but not as we remember it. Per reports filtered out to the media, the senators are discussing a new bill (in tandem with amendments to the General Health Law), aimed at providing that an individual can carry up to 28g of marijuana for personal use.
Canna Law Blog™, 03/19/2022 10:03:00
Pa. Senate panel exploring recreational cannabis legalization criticized for not hearing both sides
A state Senate panel that took the unprecedented step in Pennsylvania of exploring the issue of legalizing recreational marijuana wrapped up its series of hearings last week amid complaints that it heard only one side of the issue. Sen. Judy Ward, R-Blair, said the issue represents a huge policy shift that deserves more vetting, including input from drug and alcohol professionals, chiefs of police, and representatives from the business community. “These hearings have been extensive,” Ms. Ward said at the conclusion of the Senate Law and Justice Committee hearing March 14. “But it only presented one side of the argument. There are many stakeholders who want and quite frankly deserve” to be heard. Committee Chairman Mike Regan, R-Cumberland/York, said no written testimony was turned away and all will be shared with committee members. But he added the hearings were intended to hear expert testimony that addressed certain questions he and other members had about what should be included in the bill and learn about best practices of the 18 states that have legalized adult-use cannabis. Mr. Regan has circulated a co-sponsor memo for a state Senate bill that would allow marijuana use by adults 21 and older.
420 Intel – Marijuana Industry News, 03/20/2022 20:00:00
Kentucky marijuana legalization bill heads to Senate after House vote
Whole-plant products would be allowed under the measure, but patients would be required to vape them. A bill to legalize medical marijuana is headed to the Kentucky Senate, after the House of Representatives passed it on Thursday, Marijuana Moment reported. Sponsored by Rep. Jason Nemes (R), the measure was approved in a 59-34 vote just a week after the Kentucky House Judiciary Committee gave it the green light. A similar version of the bill did not pass the Senate in 2020 even though it soundly passed in the House. Nemes then reintroduced the legislation for the 2021 session, which also didn’t advance further. “This is Kentucky grown, Kentucky processed, Kentucky tested,” Nemes said ahead of the vote. “Grown by Kentucky farmers on Kentucky land with Kentucky seeds for our Kentucky brothers and sisters and the Kentucky patients from across the Commonwealth.” For months, the lawmaker worked to build support for the measure, which recently earned the endorsement of Senate Judiciary Chairman Whitney Westerfield (R), who said earlier she will support the House bill, despite her personal reservations regarding the marijuana reform.
420 Intel – Marijuana Industry News, 03/20/2022 20:00:00
Cannabis industry goes all-in on banking push before midterms
The cannabis industry is pushing lawmakers to get a marijuana reform bill to President Biden’s desk before the November midterms, fearing that a Republican takeover of Congress could doom its chances. In an in-person lobbying blitz last week, more than 20 chief executives of top cannabis companies urged lawmakers in both parties to pass the SAFE Banking Act, a bill to allow them to work with U.S. banks that the industry is confident will win enough GOP support to pass the Senate. “There is certainly momentum building around trying to get something done this year in the Senate. On both the Republican and Democratic side we’re seeing consensus for SAFE Banking as being the piece of legislation that could pass,” Curaleaf CEO Joe Bayern said in an interview. “We’re trying to be practical about how we get something passed this year,” he added. “We think the industry needs something to happen this year.” The lobbying campaign comes as Democrats debate how to tackle marijuana reforms, with leading Senate Democrats pushing for a comprehensive bill to decriminalize recreational pot nationally and expunge past convictions.
Cannabis Business Executive – Cannabis and Marijuana industry news, 03/21/2022 09:47:00
End of an era as cannabis giant Tilray sells land and leaves Nanaimo
The pioneering Nanaimo cannabis giant Tilray has finally pulled out of the city, taking with it roughly 170 jobs. Last week, it found a conditional buyer for its flagship property in the city which was listed for more than $18 million. Canada’s first legal medical cannabis grower opened its Vancouver Island facilities to great fanfare in April 2014, a year-and-a-half before the election of the federal Liberal government on a promise to legalize cannabis. Its departure from Nanaimo is a loss for the city. The Greater Nanaimo Chamber of Commerce’s president said Tilray was a major player, contributing $25 million to the local economy in its first year alone. “There was nothing like it in Canada,” Kim Smythe said. “We were the first. It was quite a coup at the time.” The company continues to operate elsewhere in Canada, the U.S., Europe, Australia and Latin America. Tilray says its merger with Ontario giant Aphria nearly a year ago makes it the “world’s largest cannabis company” thanks to combined revenues of $685 million. Tilray did not respond to interview requests, but previously said it is consolidating its operations to find “efficiencies.”
Mmp News Author, Medical Marijuana Program Connection, 03/20/2022 23:07:00
Akanda Corp. Common Shares Set to Commence Trading Today on Nasdaq Under Ticker Symbol “AKAN”
Akanda Corp an international medical cannabis company, today announced the Company’s common shares are scheduled to commence trading this morning Eastern Time on The Nasdaq Capital Market (the “Nasdaq”) under the ticker symbol “AKAN”. “Becoming the first UK cannabis company with African operations to list on the Nasdaq is an important milestone for our Company and the industry,” said Tej Virk, Chief Executive Officer of Akanda. “Now, with new capital and increasing patient access across the UK and Europe, we believe Akanda is well-positioned to continue on its mission of helping people lead better lives through high-quality and affordable products. We are building a unique seed-to-patient model, focused on growing, moving and healing, with a foundation rooted in what we view as strong ethics and business practices.” Executive Chairman of Akanda, Louisa Mojela, added, “It is a privilege to be the only Nasdaq listed medical cannabis company with a core operation in the Kingdom of Lesotho in Southern Africa.
Mmp News Author, Medical Marijuana Program Connection, 03/20/2022 06:04:00
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Older Posts
California Senate Green-Lights Bill To Stop Cities From Banning Medical Marijuana Delivery
California Senate Committee gave the green light to a bill that restores voter-created access to medicinal cannabis by requiring cities to provide patients access to purchase medicinal cannabis via delivery. According to a press release, Senator...
South Africa approves first legal cannabis pharmacy
The SA Standard writes… 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...
Amsterdam poised to shut down cannabis cafes to tourists
Amsterdam, long a hazy haven for marijuana fans, could be poised to do the unthinkable. Amsterdam Mayor Femke Halsema says it is time to close the marijuana coffee shops because they are leading to too much trouble, SchengenVisaInfo.com reported. Halsema told...
Schumer Postpones Tabling Cannabis Legalization Bill as Consultations Continue
Senate Majority Leader Chuck Schumer has made it clear that he is a strong supporter of comprehensive marijuana reform at the federal level. For the past couple of months, he has been working with Senator Cory Booker and Senate Finance Committee Chair Ron Wyden on a...
Washington legislators strike the word ‘marijuana’ from all state laws, calling term racist
At long last .. let’s see all other states do this and ASAP Yahoo News “Pot,” “weed,” “grass,” “Mary Jane,” “flower” — there is no shortage of terms to describe cannabis. However, Washington state is taking one word officially off the table: “marijuana.” Legislators...
Osoyoos Announces Agreement to Acquire AI Pharmaceuticals Jamaica Limited
Osoyoos Cannabis Inc. announced today that it has agreed to acquire 100% of the shares of 1196691 B.C. Ltd. d/b/a “PCAI Pharma” the parent company that holds 100% of the shares of AI Pharmaceuticals Jamaica Limited (“AI Pharma”). AI Pharma is engaged in the research...
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