Mon.Jul 29, 2019

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New York Decriminalizes Cannabis Possession Starting Aug. 27

Leafly

It'll be a $50 ticket for holding less than one ounce, $200 for one to two ounces of cannabis. The post New York Decriminalizes Cannabis Possession Starting Aug. 27 appeared first on Leafly.

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Aging baby boomers becoming new face of cannabis

Canna Care Docs

This post first appeared on the Worcester Telegram & Gazette. By Susan Spencer Telegram & Gazette Staff Seventy-two-year-old Nancy Young shakes almost incessantly, a cruel symptom of the Parkinson’s disease she’s borne for decades. The Otego, New York, resident, who lives much of the time in Sutton with her daughter, Michelle Edelstein, Sutton Senior Center director, has taken prescribed opioids OxyContin and Percocet for nearly 30 years.

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NORML Remembers Dr. Mark Kleiman

NORML

NORML regrets the passing of Prof. Mark A. R. Kleiman , an academic expert on cannabis policy who often shared and debated his well informed views on marijuana policy reform with those of us who were committed to advocating for a policy of adult use legalization. Unlike many of us at NORML, Dr. Kleiman’s advocacy for ending marijuana prohibition did not stem from a deep appreciation of either personal freedom or equal rights; rather, he approached the issue primarily from a public safety a

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CBD is on a Roll, but the FDA is Hitting the Brakes

MJ Business Attorneys

As the U.S. market for CBD continues to skyrocket and companies competing in the cannabis space become more developed, they are being held back by the slow federal regulatory response at the Food and Drug Administration. On Monday, July 22, the U.S. Food and Drug Administration sent a letter to Curaleaf Holdings CEO Joseph Lusardi warning that the company’s products were misbranded as having specific health benefits.

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Where the Money Grows: Learning the Industry Trends in Medical Cannabis, Recreational Marijuana, Hemp, and Beyond

Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken

The U.S. cannabis industry is still in its infancy, even though states began engaging with legalization in one form or another in the late 1990s. Today, many opportunities exist for individuals and businesses that want to engage in the industry. Some want to directly own licensed businesses, while others prefer to keep the industry at an arm’s length and merely profit from it.

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USA Today Report: Cannabis Consumers Reduce Use of Pills, Booze

Leafly

Among those surveyed, 49% reported reducing over-the-counter painkiller use since starting cannabis, and 52% reduced prescription drug use. The post USA Today Report: Cannabis Consumers Reduce Use of Pills, Booze appeared first on Leafly.

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Idahoans Flock to Cannabis Shop on Oregon–Idaho Border

Leafly

Customers from Idaho, where cannabis remains illegal, waited in line for more than three hours to shop at Weedology, a new store near the Oregon–Idaho border. The post Idahoans Flock to Cannabis Shop on Oregon–Idaho Border appeared first on Leafly.

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Cuomo Signs Off On NY Decriminalization Bill

Cannabis Law Report

For years, New York State has lagged behind its progressive-minded peers in the area of marijuana prohibition. As states like California, Massachusetts, Vermont and even Maine passed bills legalizing the drug, members of the New York State legislature simply haven’t been able to overcome minor differences in ideology to pass a legalization bill of their own, leaving New York with some of the most draconian marijuana laws in the northeast.

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Online Grey Market Stores Flourish as Illegal Dispensaries Face Defeat

WeedAdvisor

Although slow to start, it appears that authorities finally gained some ground against the grey market – kind of. Unfortunately, their actions have had little effect on Internet cannabis sales, which are not so simple to track down. The Internet, despite some regulation, is still a “Wild West” of content, with some ranging from mildly bizarre to completely heinous.

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the Australian hemp outfit, Ecofibre, pushing a $1 billion market cap

Cannabis Law Report

Business News Australia reports… With a share price that has doubled since listing on the ASX in March, great expectations have surrounded Australian hemp company Ecofibre (ASX: EOF) ahead of its results announcement today and the numbers are unlikely to disappoint. Ecofibre’s revenue for FY19 was up 519 per cent at $35.6 million while net profit after tax jumped 170 per cent to $6 million.

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Investment Interest in California CBD Companies is Rising

Marijuana Lawyer Blog

California cannabidiol (CBD) products are on the map, and investors are taking notice. But given that CBD-infused products are still relatively new to market, regulators continue to closely review the category. For this reason, acquisition strategies may be a ways off yet, but industry insiders predict consumer companies will see high minority investment interest in the short term.

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CannTrust’s CEO didn’t just lose his job, he likely lost $8.2 million in stock options

Cannabis Law Report

Here’s the introduction to their piece. CannTrust fired Aceto, and chairman Eric Paul was asked to resign Thursday after a Globe and Mail report cited internal emails showing the executives were aware that pot was being grown in unlicensed rooms about seven months before Health Canada unearthed the breach. Aceto’s stock options will likely be canceled, as typically happens when an executive is fired with cause.

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Health Canada’s New Licensing Requirements Favour Larger Marijuana Businesses

WeedAdvisor

Legalization brought plenty of concerns, but one issue that preceded the October 17 th , 2018 deadline was how small businesses would access the industry. One concern was that the market would favour large licensed producers, especially ones that already had years of background in the medical cannabis industry. At first, it seemed that smaller companies did have a shot.

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What Makes an Online Weed Dispensary Legal?

Cannabis Law Report

The market for CBD and cannabis products continues to grow at an amazing rate, with more suppliers and retailers coming into the picture. This is down to a few very important factors: one is that CBD oil and other products have been legalized in all US states in at least some form, and in some states it is now legal to purchase and supply up to an ounce of cannabis.

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Delaware Cannabis Community Holds Annual Music Festival

NORML

Delaware NORML opens the third annual Weedstock Music Festival on Friday August 16th at Firebase Lloyd in Townsend. What started as a local fundraiser for marijuana legalization efforts has matured into an important cultural event. Over three days Weedstock features more than 20 hours of live music from bands across the region, overnight camping, delicious food trucks, inspiring activism speeches, friendly vendors and volunteers from passionate community organizations.

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Australian cannabis companies set roots in the UK

Cannabis Law Report

Business News Australia reports. With a growing medicinal cannabis market estimated to be worth $14 billion by 2028, the UK is fast becoming an essential market for expanding companies. Bod has signed an agreement with UK medicine manufacturer PCCA to import and distribute Bod’s medicinal cannabis product MediCabilis throughout the UK. The importing process is already underway, and Bod expects to receive first prescriptions in the UK in the coming months.

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The Volcano Hybrid

Leaf Science

After series of images have popped up with the hit of rumors, we’ve kept and extra close eye on Volcano Hybrid from the ever famous Storz And Bickel. And now, we’ve finally gotten a proper chance to conduct an interview with a highly professional representative from the German team. Our interview featured an exclusive interview on the state-of-the-art new and upcoming vaporizer.

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Georgia’s proposed rules for growing industrial hemp

Cannabis Law Report

An annual hemp grower license would cost $50 per acre, up to a $5,000 maximum, and a hemp processor permit would cost $25,000 up front and $10,000 every year thereafter. Hemp licenses can be applied for as soon as the U.S. Department of Agriculture gives its approval and once licensed, licensees must undergo inspection and sampling of their products to insure they do not exceed the legal 0.3% THC limit.

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Healthy Eating & Medical Cannabis Event

Canna Care Docs

Learn how medical cannabis and a healthy diet can help contribute to a better quality of life! Join Canna Care Docs for an informational session with Amy Knutson of Zebra in the Kitchen in Milford, CT! Amy is an experienced health coach dedicated to helping others heal their bodies through proper nutrition. Learn how medical cannabis and an anti-inflammatory diet can help manage and even eliminate symptoms of chronic pain.

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Nevada: Department of Taxation Deputy Executive Director Jorge Pupo faces grilling from lawyerss

Cannabis Law Report

And there’s more of the same. Here’s a taste. Lawyers for a group of plaintiffs that includes some of the state’s biggest dispensaries have been arguing in court that the state’s approval process was flawed and unfair. The plaintiffs want Gonzalez to block the state from issuing the new licenses and dream of a do-over. I’d bet they’d also like to question a state employee who displays a clear memory under oath.

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The Secrets of Colorful Cannabis: How To Grow Purple Cannabis Buds

Cannabis Maven

Most cannabis strains are green, but why are some of them purple?

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Damned If You Do , Damned If You Don’t. Cannabis, Green Cards & US Immigration

Cannabis Law Report

OCR reports , Seeking legal permanent residency, he had no choice but to go. But now, nearly two months later, he’s still in Mexico and barred from returning to his home in the United States. The hold-up: Palomar admitted that he previously used marijuana, which is legal in California but isn’t under federal law. The 26-year-old Corona resident, who grew up in Anaheim, has temporary legal status in the United States.

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New York: Governor Signs Measure Reducing Marijuana Possession Penalties, Expunging Past Convictions

NORML

Democratic Gov. Andrew Cuomo today signed legislation into law amending marijuana possession penalties and establishing procedures for the automatic expungement of prior, low-level cannabis convictions. The new law takes effect August 28, 2019. Specifically, Assembly Bill 8420-A , reduces the penalty for minor marijuana possession violations (up to one ounce) to a $50 fine.

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Arizona attorney general OKs digital medical cannabis payments

Cannabis Law Report

MJ Biz write. Brnovich noted in a news release that an Arizona startup, Alta, will allow cash-intensive businesses to make and receive digital payments without a bank. Arizona attorney general OKs digital medical cannabis payments.

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New York cuts penalties for marijuana possession

Cannabis Chronicles

ALBANY, N.Y. — New York’s governor signed a bill Monday that softens penalties for possessing small amounts of marijuana and allows for the expungement of some past convictions. The legislation signed into law by Gov. Andrew Cuomo makes unlawful possession of marijuana a violation. The penalty is $50 for possessing less than one ounce of pot or a maximum of $200 for one to two ounces.

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India – Delhi: High Court says no to public interest litigation (PIL) petition for medical cannabis

Cannabis Law Report

A two-judge bench of Chief Justice D N Patel and Justice C Hari Shankar said that legalisation of cannabis for medical purposes could only be done by the Central Government, by either bringing a new enactment or amending the present law. The court, while dismissing the petition, also imposed costs of Rs 10,000 on the petitioner, to be deposited with the Delhi High Court Bar Association Library Fund.

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So How Did It Go? – The SAFE Banking Act Senate Hearing

Canna Law Blog

As we reported last week , a Senate Banking Committee hearing occurred this past Tuesday to consider the SAFE Banking Act. In short, the hearing didn’t display as much GOP sway or support as we were hoping for. For one, none of the Republican committee members attended the hearing aside from Committee Chairman Mike Crapo (R-ID) (which he attributed to conflicting hearings).

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The Former Walmart Manager Who Now Runs A State Medical Cannabis Program

Cannabis Law Report

Kansascity.com. Lyndall Fraker was an unconventional choice when Gov. Mike Parson tapped him to lead Missouri into the legal marijuana realm. A termed-out House member, farmer and former Walmart manager who said he had never used cannabis himself, Fraker had no medical background. A powerful House colleague even introduced a bill that would have effectively thrown him out of the job — which pays $95,000.