On June 20, 2017, Battelle, an Ohio-based non-profit research and development organization that has studied tobacco for the past 50 years, announced that it would be expanding its research efforts to include marijuana and opioids.
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Florida may have legalized medical marijuana in 2016, but that hasn’t stopped Orlando International Airport from banning the substance on its property.
Canada’s recreational cannabis legalization is planned for a rollout in July 2018, but provinces and territories are in charge of drafting and establishing jurisdiction-specific rules, so they’ve been working hard to create rules that fall within the country’s legalization framework.
The Pennsylvania medical marijuana program is getting closer to being operational. On June 20, 2017, the Pennsylvania Department of Health announced that it had issued 12 grower/processor permits, with the clock ticking on permittees to have their facilities operational within six months before they can start cultivating medical marijuana.
While Pennsylvania is processing hundreds of medical cannabis business applications, one private Pennsylvanian research university is already making plans to conduct a medical cannabis autism study.
On June 15, 2017, the United States Securities and Exchange Commission called hemp oil fraud on a public company, filing a complaint in federal court that claims CV Sciences (OTCQB:CVSI) , formerly known as CannaVEST, and its CEO, Michael Mona, Jr., intentionally overstated the company’s total assets.
Two online marijuana shipment businesses are under investigation by Denver’s Better Business Bureau. On June 15, 2017, the BBB announced that it was investigating Denver Marijuana and Denver Smoke Buds for illegally mailing marijuana, among other reasons.
Making a marijuana dispensary tax payment without a bank account is difficult for numerous reasons, but now dispensary owners might also have trouble trusting the actual tax man collecting the payment.
In an effort to protect Pennsylvania medical marijuana patients from federal enforcement actions, Pennsylvania Gov. Tom Wolf sent a letter to United States Attorney General Jeff Sessions on June 15, 2017, saying that the federal government should not interfere with the state’s medical marijuana program.
On June 12, 2017, the MedMen Opportunity Fund, a California-based private equity fund focused on the legal marijuana industry, filed Form D with the United States Securities and Exchange Commission, indicating that it had raised approximately $60 million of its $100 million offering.
Canadian cannabis decriminalization has earned the support of Toronto’s Board of Health. On June 12, 2017, the board voted unanimously to request that the Government of Canada immediately decriminalize the possession of cannabis for personal use.
On June 15, 2017, the California State Legislature will vote on a state budget package, including a cannabis budget trailer bill.
As the Golden State prepares to roll out new medical and recreational regulations on Jan. 1, 2018, a recent California cannabis study has estimated that all of that preparation will result in a $5 billion windfall for the state’s legal market.
On June 12, 2017, ASTM International, an international voluntary consensus standards organization, announced that it had signed a Memorandum of Understanding with the Foundation of Cannabis Unified Standards, indicating that the two organizations will collaborate in developing cannabis standards for the legal cannabis industry.
It seems the advent of the Trump Administration has yet to dissuade banks from serving state-legal marijuana businesses. According to a marijuana banking update issued by the Financial Crimes Enforcement Network, a growing number of financial institutions are banking marijuana money in the United States.
In the span of two days, the City of Los Angeles has taken three important steps toward regulating its legal cannabis market—issuing a cannabis dispensary map, draft commercial cannabis regulations and a proposed zoning ordinance.
On June 8, 2017, former NBA star Cliff Robinson will launch his Uncle Cliffy cannabis products in Portland at Oregon’s Finest on 736 NE Martin Luther King Jr Blvd.
On June 5, 2017, Colorado Gov. John Hickenlooper signed Senate Bill 17, approving post-traumatic stress disorder as a qualifying condition for the state’s medical marijuana program. With the addition of Colorado, there are now 20 states, plus Washington, D.C., that allow medical marijuana for PTSD.
The California Bureau of Medical Cannabis Regulation is holding a public regulation hearing on June 8, 2017, in Los Angeles. The event, the second of four scheduled hearings, gives stakeholders the opportunity to comment on the proposed California medical cannabis regulations.
According to state officials, the Arkansas medical marijuana program expects 20,000 to 40,000 patients to request medical marijuana registration cards.
With industrial hemp farming now legal in 33 states, the 8th annual Hemp History Week has events scheduled across the country from June 5-11, 2017, to raise awareness about hemp’s history as a means of enriching its future.
On May 31, 2017, the Washington State Liquor and Cannabis Board announced that it had chosen Franwell as the Apparent Successful Vendor to replace BiotrackTHC, the state’s current marijuana traceability contractor. With Franwell scoring the highest out of the seven bids submitted, the state will now proceed by negotiating the contract with the company.
On June 1, 2017, High Times announced that controlling interest in the company had been acquired by 20 investors, a group comprised of cannabis industry members, entrepreneurs and entertainment veterans. Oreva Capital, a Los Angeles-based investment firm, led the High Times acquisition, valuing the company at $70 million. The company will now operate as High Times Holding Company.
On May 31, 2017, the Colorado Department of Agriculture emailed an update on cannabis production, announcing that the Colorado School of Public Health and the Colorado Department of Public Health and Environment are holding a safety training event for marijuana cultivation workers on June 28 at the CU Anschutz Campus in Aurora.
During a press briefing on May 31, 2017, Veterans Affairs Secretary David Shulkin fielded a reporter’s question regarding medical marijuana for veterans.
With Wednesday, May 31, 2017, being the last day to submit recreational marijuana license applications for Nevada’s early-start program, the state has already started adding up the number of applications it has received.
On May 30, 2017, Cann Group Limited, an Australian medical cannabis company, announced that it had obtained the permits required to start cultivating medical cannabis and should begin its cultivation operation in the next few days.
On May 23, 2017, the San Luis Obispo County Board of Supervisors greenlit the SLO County Counsel to pursue legal action against unregistered cannabis growers in the the unincorporated areas of San Luis Obispo County.
On Monday, May 29, 2017, Tweed Inc., a wholly owned subsidiary of Canopy Growth Corporation (TSX:WEED), was evacuated following a small morning fire at the Hershey Chocolate Factory’s former Visitor Center, which the medical marijuana company is currently renovating.
On May 27, 2017, the Canna Community Connection brought together stakeholders for a Reno medical marijuana event to give back to veterans in Nevada by offering them access to free physician evaluations and medical marijuana cards.
On May 25, 2017, Sens. Dianne Feinstein, D-Calif., and Chuck Grassley, R-Iowa, announced that they had introduced the Cannabidiol Research Expansion Act, a bill that would ask the Attorney General to reconsider whether cannabidiol should be scheduled under the Controlled Substances Act and expand research opportunities as a means of determining the medical efficacy of cannabidiol and marijuana in the treatment of serious medical conditions.
On May 26, 2017, Gov. Rick Snyder announced that he had named the initial appointees of the Michigan Medical Marihuana Licensing Board, a group whose formation was required by the Medical Marihuana Facilities Licensing Act. The board’s five appointees include a former state lawmaker, a pharmacist and a retired police sergeant, among others.
On May 24, 2017, Vermont Gov. Phil Scott vetoed recreational marijuana legalization. Scott announced his decision during a press conference, citing concerns over health and public safety as his main reasons for vetoing S. 22, the legalization legislation that had been approved by the state legislature.
On May 23, 2017, Dave Jones, Insurance Commissioner for the California Department of Insurance, brought together a group of 63 insurance-related stakeholders to discuss cannabis protections for state-legal cannabis businesses.
On May 23, 2017, Hound Labs Inc., a marijuana breathalyzer company in Oakland, announced that it has closed its Series B round of financing with $8.1 million from Benchmark, a California-based venture capital firm that has made successful early-stage investments in companies like Uber and Snapchat, among others.
On May 19, 2017, the U.S. Securities and Exchange Commission announced the temporary suspension of two marijuana stocks that trade on the OTC Markets, with both orders of suspension related to the companies neglecting to provide accurate and up-to-date information.
Researchers with Washington State University are looking for individuals to volunteer for a marijuana breathalyzer study. According to The Spokesman-Review, the study is attempting to determine if a marijuana breathalyzer can actually register “acute exposure” to THC.
On May 19, 2017, Beleave Inc. (CNX:BE) announced that its subsidiary, First Access Medical Inc., had been awarded a cultivation license from Health Canada, prompting the Canadian cannabis stock to rise 7.62% on Friday.
A South Dakota marijuana legalization petition has been approved by Attorney General Marty Jackley. On May 17, 2017, Jackley issued an Attorney General Explanation for the legalization initiative that aims to legalize all quantities of marijuana and have the South Dakota Department of Agriculture establish a regulatory system for recreational marijuana.
On May 16, 2017, Aloha Green Holdings, a licensed dispensary based in Oahu and one of the first two dispensaries approved to grow medical marijuana in the state of Hawaii, announced that it had harvested its first crop of Hawaiian medical marijuana.
On May 18, 2017, Colorado Reps. Diana DeGette and Mike Coffman introduced legislation to protect state marijuana laws from federal interference. If passed, the bill, “Respect States’ and Citizens’ Rights Act of 2017,” would amend the Controlled Substances Act so that the federal government could not use the CSA to preempt state marijuana laws.
While there’s nothing quite like enjoying the fruits of a marijuana farmer’s labor, that labor doesn’t come without potential hazards to those who work the land.
On May 16, 2017, the Oregon Office of Economic Analysis issued its quarterly Oregon Economic and Revenue Forecast, with the forecast giving a recreational marijuana outlook for the first time in the forecast’s history.
On May 16, 2017, the Minnesota Department of Health announced that a recent study shows a majority of patients enrolled in the Minnesota Medical Cannabis Program have reported medical cannabis benefitting their conditions.
On May 15, 2017, Congressman Tom Garrett, R-Va., announced that he is going to hold a press conference outside of the U.S. Capitol on May 17 to discuss H.R. 1227, the Ending Federal Marijuana Prohibition Act of 2017.
When it comes to marijuana enforcement, it’s no secret that racial disparities persist even though black and white communities use marijuana at similar rates. The most recent reminder of this comes from the Old Dominion State, where Virginia marijuana arrests continue to disproportionately affect black communities.
Canada’s Finance Minister Bill Morneau is ready to talk Canadian cannabis taxes with the country’s provinces. On May 15, 2017, during a House of Commons meeting for the Standing Committee on Finance, Morneau addressed the Budget Measure Implementation Act and closed his opening remarks with a note on cannabis taxes.
On April 21, 2017, the Maine Department of Health and Human Services issued its 2016 annual report on the state’s medical marijuana program, noting that the number of caregivers rose from 2,258 in 2015 to 3,258 in 2016, an increase of 44%.
While the the Pennsylvania Department of Health has already processed hundreds of applications for cultivators, processors and dispensaries, laboratory hopefuls can now get in on the action. On May 11, 2017, the PADOH released the application to become an approved Pennsylvania medical marijuana laboratory.
On May 10, 2017, California Assemblyman Jim Wood, D-Healdsburg, announced that California Gov. Jerry Brown will allot $1.5 million from California’s state budget to cover an Emerald Triangle cannabis cleanup of illegal grow sites in Humboldt, Trinity and Mendocino Counties.