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Featured Articles
How CBD biomanufacturing could make Europe change and win the cannabis game
In this special guest post Kevin Chen, Co-founder & CEO, Hyasynth Bio, a precision fermentation startup producing sustainable cannabinoids, and Benjamin Joffe, Partner at SOSV make the case for European CBD biomanufacturing By now, many have heard about...
New Mexico’s cannabis sales doubled on 4/20
The numbers are in and New Mexico saw a huge jump in marijuana sales on Wednesday. That’s because 4/20 is a day dedicated to celebrating cannabis. It was the first on the day that celebrated all of their key products, cannabis dispensaries won big.“It’s an amazing...
Top Senate Democrat Says Marijuana Banking Reform Is A Priority At 4/20 Credit Union Event As State Officials Push For Fixes
The third-highest-ranking Senate Democrat visited a credit union on the unofficial marijuana holiday 4/20 on Wednesday, reiterating her support for passing a bipartisan cannabis banking reform bill and explaining how she’ll fight to get the policy change enacted...
Ohio Lawmakers File New Marijuana Legalization Bill On 4/20 That Mirrors Ballot Initiative Activists Are Pursuing
A pair of Ohio Democratic lawmakers on Wednesday filed a bill to legalize marijuana that directly mirrors a proposed initiative that activists are pursuing. If the legislature fails to act by next month, advocates can collect additional signatures to put the measure...
Limited Wisconsin Medical Marijuana Bills Gets 4/20 Senate Hearing
For the Wisconsin Legislature, getting to the point where a conversation about legalizing cannabis could be had in committee has been challenging. It’s a first step legislator finally took Wednesday, April 20, an annual day of celebration for cannabis activists. The...
D.C. Bill To Provide Workplace Protections For Marijuana Consumers Gets Initial Approval By Council
Washington, D.C. lawmakers on Tuesday advanced a bill to ban most workplaces from firing or otherwise punishing employees for marijuana use, setting the measure up for final passage early next month. Councilmember Trayon White (D) is sponsoring the legislation, which...
Featured Articles
VA Won’t Provide Grants For Marijuana Treatment As Part Of Proposed Veteran Suicide Prevention Initiative
The U.S. Department of Veterans Affairs (VA) is making clear it won’t provide support for treatment involving marijuana as part of a new grants program aimed at preventing veteran suicide In a notice on a proposed interim final rule for the new Staff Sergeant Parker Gordon Fox Suicide Prevention Grant Program published in the Federal Register on Thursday, VA said the three-year, community-based effort will “provide or coordinate the provision of suicide prevention services to eligible individuals and their families for the purpose of reducing veteran suicide.” But while many veterans and service organizations representing the community have repeatedly testified to Congress and federal agencies that cannabis represents a potential treatment option for medical conditions that commonly afflict military veterans returning from service, VA, perhaps not surprisingly, is drawing a line in the sand when it comes to supporting treatment regimens involving marijuana. It’s “important for VA to note that any approaches and treatment practices approved will need to be consistent with applicable Federal law,” the department said in the notice. “For example, the use of grant funds to provide or coordinate the provision of marijuana to eligible individuals and their families will be prohibited, as marijuana is currently illegal under federal law.” That’s despite the fact that there is a carve-out for prospective grantees providing or coordinating “nontraditional and innovative approaches…including but not limited to complementary or alternative interventions with some evidence for the effectiveness of improving mental health or mitigating a risk factor for suicidal thoughts and behavior.”The interim final rule is set to take effect on April 11, and public comments will continue to be accepted until May 9.
Kyle Jaeger, Marijuana Moment, 03/14/2022 12:17:00
Advocates Respond To Delaware House Vote On Cannabis Legalization
By Laura Sharer, Delaware NORML Dover, DE – Last week, Delaware’s House of Representatives missed another chance to legalize cannabis for adults 21 and older. HB 305 needed to clear a legislative hurdle requiring a three–fifths supermajority, or 25 votes. The final tally on March 10th was 23-14-4. “We’re outraged that Delaware is maintaining the tragic policy of cannabis prohibition,” said Delaware NORML’s Executive Director Laura Sharer, “This delay means many thousands of residents will have their lives upended by unnecessary and racially disparate cannabis enforcement. Consumers are left to bear this unjustifiable human cost of life-altering police interaction, searches, and arrests for a non-toxic plant.” Despite the decriminalization of small amounts, marijuana possession arrests still happen every day, more than 115 every week in Delaware. And registered patients can’t afford the handful of regulated medical dispensaries. Zoë Patchell has been leading citizen volunteer groups spearheading cannabis reform for a decade. She was shocked that the issue of stopping cannabis arrests is getting hung up on business rules.
NORML, 03/13/2022 20:00:00
Key Pennsylvania Senate Committee Completes Final Marijuana Legalization Hearing To Inform Reform Legislation
News Key Pennsylvania Senate Committee Completes Final Marijuana Legalization Hearing To Inform Reform Legislation By This latest hearing marks only the third time a panel has debated recreational legalization A key Pennsylvania Senate committee on Monday held the last of three scheduled hearings on marijuana legalization, taking testimony that’s designed to help inform a forthcoming reform bill that the panel’s chairman is actively drafting. The Senate Law and Justice Committee meeting involved testimony from cannabis reform advocates, former regulators from other states and industry stakeholders. Sen. Mike Regan (R), who chairs the panel, circulated a cosponsorship memo last year along with Rep. Amen Brown (D) to build support for the reform, and these meetings are designed to give lawmakers added context into the best approach to legalization for the state. “Legalization of adult-use marijuana is a complex and obviously controversial issue,” Regan said at the end of Monday’s discussion. “We are grateful for the many perspectives, personal experiences and opinions we have received. To all my colleagues on the committee, thank you for your continued participation. I look forward to working together on this important issue for Pennsylvania.”
Marijuana Moment, Marijuana Retail Report – News and Information for Cannabis Retailers, 03/14/2022 16:38:00
Budget deal is latest sign of Democrats’ empty weed promises
That wasn’t the only weed provision left on the cutting room floor. The spending bill also failed to protect state-regulated recreational cannabis markets, nor did it expand medical marijuana research or protect veterans who use cannabis — two issues with widespread bipartisan backing. “I’m very frustrated and really disappointed,” said Rep. Lou Correa (D-Calif.), a champion of cannabis policy changes. “Polling in this country is off the charts that people want to normalize the use of cannabis … So what’s the hang-up?” More weed woes It’s just the latest example of Democrats’ inability to accomplish meaningful change on cannabis policy when it is seemingly within their grasp. Earlier this year, Senate Democrats removed language from the National Defense Authorization Act that would have made it easier for the industry to access banking services. That legislation has twice cleared the House with huge majorities, including more than 100 Republicans, but has made no progress in the Senate. Democrats have been locked in an internal debate about the correct approach to overhauling federal cannabis policies.
Politics, Policy, Political News – POLITICO, 03/12/2022 19:00:00
Open article: https://www.politico.com/news/2022/03/13/democrats-empty-weed-promises-00016573
New York’s convicts-first approach to pot draws praise, questions
A criminal record doesn’t always hurt New York state’s plan to let people with past convictions for marijuana crimes become the first to sell it legally is admirable but faces some major challenges. The dynamic pits what’s now referred to as the “legacy market” of once-illegal sellers against the publicly traded multi-state companies, some of whom already sell medical marijuana in the state. It’s a group that includes big players such as Curaleaf Holdings, Green Thumb Industries, and Acreage Holdings. As New York becomes one of the world’s largest legal marijuana markets, the nitty-gritty of its regulations will make or break the broader industry. Like California, where the industry is now asking for bailouts to beat back a still-thriving illicit market, New York has an entrenched network of marijuana dealers who don’t pay taxes or meet regulatory standards — helping them potentially undercut fledgling licensees. New York’s decision to set aside the first 100 to 200 licenses to sell recreational marijuana for people with past convictions may upend that dynamic.
420 Intel – Marijuana Industry News, 03/13/2022 20:00:00
Best Performing Stocks On The World’s First Marijuana ETF
Horizons Marijuana Life Sciences Index ETF (TSX:) is the world’s first Marijuana ETF. An exchange-traded fund (ETF) can be described as a basket of investments that focus on a particular asset. In the case of HMMJ, that asset is Marijuana. ETFs are traded daily at market-determined prices that are different from the market prices of the assets. They are easier to trade than single investments, have lower fees, and allow an individual or corporation to invest in multiple securities at once. Marijuana-related companies are fairly new players in the stock market, but they are operating within an industry that shows tremendous growth potential. The Cannabis market size is expected to reach $38.2 Billion by 2028, with a compound annual growth rate (CAGR) of 16.6% from 2022 to 2028, according to the North America Legal Cannabis Market Report 2022. The report also showed that the CBD segment of that market accounted for the highest share of revenues due to the increasing adoption of CBD for medical purposes.
Mmp News Author, Medical Marijuana Program Connection, 03/13/2022 08:59:00
Open article: https://mmpconnect.com/best-performing-stocks-on-the-worlds-first-marijuana-etf/
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Older Posts
Fintech Partnership Will Offer Lending and Financial Services to Cannabis Operators
Bespoke Financial, the first Fintech lender in the country providing debt financing to cannabis companies, today announced its strategic partnership with PayQwick, the cannabis industry’s most comprehensive treasury and financial services platform. The partnership...
Why New Jersey isn’t starting legal marijuana sales on 4/20
When the New Jersey Cannabis Regulatory Commission announced the start date for recreational marijuana sales in the Garden State last week, you could almost hear the collective frustrated sigh of thousands of cannabis consumers: Why not 4/20? So close, yet so far. New...
Minnesota Hemp License Applications to Close April 30
Minnesota growers or processors looking to cultivate hemp for the 2022 growing season must apply for a license through the Minnesota Department of Agriculture (MDA) by April 30. In addition to the application, first-time applicants must undergo a background check and...
Louisiana House Committee Advances Legislation to Expand Medical Cannabis Access
The Louisiana House Health and Welfare Committee advanced legislation on April 19 to expand medical cannabis access in the state. The committee approved Rep. Joe Marino’s House Bill 758, which would expand the number of medical cannabis pharmacy licenses in the...
American Marijuana Consumers See Investment Opportunities in European Cannabis Sector
According to a survey conducted by Bloomwell Group, a medical cannabis holding company, consumers of marijuana in the United States believe that the widely anticipated legalization of recreational cannabis in Germany will create great opportunities for investment,...
Ohio Lawmakers Introduce Citizen Cannabis Bill That Competes With Their Own Adult-Use Bill
Ohio state Reps. Casey Weinstein, D-Hudson, and Terrence Upchurch, D-Cleveland, are already sponsoring an adult-use legalization bill, but that didn’t stop them from filing similar legislation on behalf of those whom they represent. The northeast Ohio Democratic duo...
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