Mon.Feb 28, 2022

article thumbnail

Cannabis Banking: All Businesses are Marijuana Related Businesses

Canna Law Blog

All U.S. businesses are marijuana related businesses (MRBs). By “all” I mean everyone from Amazon to your local hardware store, with very few exceptions. Allow me to explain. Guidance on banking and MRBs. Over eight years ago, the Financial Crimes Enforcement Network published the FinCen Memorandum of February 14, 2014 (“FinCen Memo”). FinCen is a Bureau within the U.S.

Banking 98
article thumbnail

Oregon Psilocybin Advisory Board votes unanimously that each member to disclose personal and financial conflicts of interest in upcoming March Meeting

Cannabis Law Report

Vice. This past Wednesday, February 23, Oregon’s Psilocybin Advisory Board voted unanimously that each member would disclose their personal and financial conflicts of interest during its next meeting in March. The Board is made up of people who were appointed by the governor to create recommendations for the rules for the state’s legal psilocybin services, which begin in January 2023.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Scientists in China Develop Non-hallucinogenic Compounds That Relieve Depression

Veriheal

Many may not know that depression is on the rise and is the leading cause of disability throughout the world. If cases of depression are increasing, so are cases of suicide. The need for effective treatment is not only important for restoring one’s health but also for returning functioning and quality of life. Current antidepressants can have some serious side effects, as most pharmaceuticals do.

article thumbnail

Can drug use make you lose your mind?

Leafly

Drug-induced psychosis is a real thing. But which drugs? At what dosage? All these variables matter. The post Can drug use make you lose your mind? appeared first on Leafly.

article thumbnail

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.

article thumbnail

US cannabis industry fundamentally inequitable, new report finds

The Cannigma

The US cannabis industry has an equality problem. It’s not a new problem, nor a problem limited to cannabis. Yet it is one that cannabis is uniquely positioned, and failing, to address. The War on Drugs had a massive, disproportionate impact on communities of color. And now that legalization is sweeping the country, the cannabis industry is particularly good at continuing to exclude Black, Latino, Indigenous, and other communities of color.

More Trending

article thumbnail

Cannabis and Fitness: How to Use Cannabis for Workout Recovery

Cannabis Life Network

It seems we regularly hear that we need to exercise more. However, it’s challenging to feel motivated when our bodies are achy and sore. Taking care of our body post-workout can make it easier to stay engaged with fitness and keep us motivated — and cannabis can help. Learn how to use cannabis for workout […]. The post Cannabis and Fitness: How to Use Cannabis for Workout Recovery appeared first on Latest Cannabis News Today - Headlines, Videos & Stocks.

article thumbnail

One-Third of Computer Programmers Use Cannabis

CannaMD

A recent study carried out by researchers at the University of Michigan shows that more than 30% of programmers use cannabis while working. The primary motivations are to make programming-related tasks more enjoyable and to enhance creativity. However, the software development industry is still among the highest in terms of drug testing policies and cannabis-related […].

article thumbnail

Curaleaf Issues Statement To Shareholders After Social Media Firestorm Re Russian Connections

Cannabis Law Report

Here is their Statement. “To our valued shareholders: Rumors and misinformation spread during turbulent times. We are committed to fostering trust and transparency throughout the cannabis industry. For the benefit of our investors and the transparency of the market, Curaleaf would like to provide some clarity by addressing speculation regarding how the Russia-Ukraine crisis may impact the Company.

Media 52
article thumbnail

4 Best Dispensaries In Utah

MMJ Recs

Back when Utah first legalized marijuana for medical use, the state had to decide how and where they would give citizens access to their medicine. The sale of medical marijuana is controlled by the Utah Department of Health, and originally, 14 medical marijuana dispensary licenses were given out to a select group of people who were able to grow and cultivate cannabis for medical use.

article thumbnail

Shopify is Banning All THC Products From Being Sold on Their Platform

Cannabis Law Report

CBD Testers write. The once go-to industry payment processor, Shopify, is now banning the sale of all products containing more than 0.3% THC through their platform. That includes alternative cannabinoids like Delta 8 and 10, THC-O, THCP, and so on. . According to a Shopify email that’s making the rounds, products containing more than 0.3% of any type of tetrahydrocannabinol (0.2% if you’re shipping globally) will be removed from account holders’ online stores.

THC 52
article thumbnail

What Are the Early Signs of Cannabis Deficiencies

The Joint Blog

When you grow cannabis in your garden, you have to know how to treat it. Many factors are crucial for the well-being of this plant, so you can’t just sit and do nothing. The primary factors include temperature, humidity, and the amount of light the plant gets. When you take care of these things, you can ensure that the plant will grow healthy and strong.

article thumbnail

Harvard Law Review: Patents on Psychedelics: The Next Legal Battlefront of Drug Development

Cannabis Law Report

Essay by I. Glenn Cohen & Mason Marks. 20 February 2022. In the past two decades, pioneering research has rekindled interest in the therapeutic use of psychedelic substances such as psilocybin, ibogaine, and dimethyltryptamine (DMT). Indigenous communities have used them for centuries, and researchers studied them in the 1950s and ‘60s. However, most psychedelics were banned in the ‘70s, when President Nixon launched the U.S. war on drugs.

article thumbnail

Answer of the Day for Mar 1, 2022

TheAnswerPage

The monograph of Syndros (a liquid form of THC) specifically mentions the potential drug interaction between Syndros and Disulfiram, and Syndros and Metronidazole. What component in Syndros interacts with Disulfiram and Metronidazole? “Syndros contains 50% (w/w) dehydrated alcohol 5.5% (w/w) propylene glycol, which can produce disulfiram-like reactions when co-administered with disulfiram or other drugs that produce this reaction (e.g., metronidazole).

article thumbnail

CBD Oil For Dogs: What You Should Know?

Cannabis Law Report

As with most pet wellness trends, canine CBD oil has a lot to offer. It’s often difficult to distinguish between what’s real and what’s just a rumor. Naturally, you want to do the best for your dog, so we ask: What is CBD oil for dogs? What Is CBD Oil? CBD, also known as cannabidiol or cannabis, is a compound found both in hemp and cannabis.

Oil 52
article thumbnail

How to clean any grinder – and save the kief!

The Cannigma

The grinder is the unsung hero of the smoking process. In order to pack a bowl, roll a joint, or smoke a blunt, you need evenly crushed cannabis. Sure, you could crumble the weed with your fingers, grind it up with a mortar and pestle, or just use a bag of shake. You can make do without one in a pinch , but as any seasoned smoker will tell you, a good grinder makes a world of difference.

Trichome 125
article thumbnail

Video: Noah Potter – How legal use of psilocybin works under Canadian federal law

Cannabis Law Report

In this episode of The New Amsterdam Psychedelic Law Show (an experimental title I may use for these video blogposts going forward), Calgary-based attorney David Wood discusses the legal structure under which individuals currently possess and use psilocybin without criminal penalties in Canada. The basic mechanism is an exemption from the Controlled Drugs and Substances Act that the federal health ministry can issue in its discretion.

Law 52
article thumbnail

Virginia: Republican-Led Committee Halts Marijuana Sales Legislation in Party-Line Vote

NORML

"This is an extraordinary disappointment for Virginians who were loudly calling for access to retail sales to begin earlier than 2024, and ultimately a real failure by the legislature to provide for public and consumer safety.". The post Virginia: Republican-Led Committee Halts Marijuana Sales Legislation in Party-Line Vote appeared first on NORML.

article thumbnail

Oregon Psilocybin Services: Community Interest Survey Findings Report – Now Available

Cannabis Law Report

Here’s their update. Oregon Psilocybin Services: Community Interest Survey Findings Report – Now Available. 02/28/2022. Good Morning, The Oregon Psilocybin Services Section published a report today that summarizes findings from a recent community interest survey. The survey was designed to better understand who may be interested in accessing psilocybin services, facilitator training program approval, and licensure.

article thumbnail

Everything you need to know about gravity bongs (including how to make one)

The Cannigma

A gravity bong is a homemade smoking piece that you can use to light up even if you don’t have papers or a bowl. Sometimes called a “geeb,” GB, or bucket bong, gravity bongs are made from everyday household items, so you can build one when you’re in a pinch or just for fun. But new smokers be warned – hitting a gravity bong is an intense, old-school way of smoking that delivers a powerful punch.

History 83
article thumbnail

Maryland House passes cannabis referendum bill

Cannabis Law Report

Marijuana Moment. The Maryland House of Delegates on Friday passed bills to put marijuana legalization on the state’s 2022 ballot and set initial rules if voters approve the reform in November. The chamber had debated the proposals, rejected several GOP-led amendments and advanced them to third reading on Wednesday. Now lawmakers have given final passage to the referendum and implementation measures—in votes of 96-34 and 92-37, respectfully—sending them to the Senate.

article thumbnail

South Dakota: Republican-Led Committee Rejects Senate-Backed Adult-Use Legalization Measure

NORML

"Lawmakers in South Dakota continue to put their own self-interests ahead of those of their constituents -- the majority of whom wish to see the criminalization of cannabis replaced with a system of legalization and regulation. Lawmakers' failure to advance this issue is a slap in the face to the majority of voters who made their voices heard in the last election.".

article thumbnail

Licensing Bill Moves New York Closer To Recreational Cannabis Sales

Cannabis Law Report

28 February 2022. by Meaghan T. Feenan (Lambert). Harris Beach. Exciting news for the adult-use cannabis industry in New York State: on February 22, 2022, New York Gov. Kathy Hochul signed legislation creating a conditional cultivation and processing adult-use licensing structure. Sitting on her desk for only four days before being signed into law, the bill represents a significant step forward towards recreational cannabis sales in NY.

article thumbnail

MedMen Announces Sale of Florida Assets, New Trademark Licensing Agreement

Cannabis Law Report

— MedMen to receive $83 million in cash for Florida assets, including medical cannabis license, inventory and operations. LOS ANGELES — MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced plans to sell its Florida assets to Florida-based private company Green Sentry Holdings LLC for $83 million.

Retail 52
article thumbnail

Volteface Article: Are Psychedelic Patents Ethical?

Cannabis Law Report

Here’s an extract of what they say. Critics argue that the current legal framework leaves room for the granting of low-quality patents that serve only to monopolise the market. Psychedelic patents are contentious because they protect ‘inventions’ which are not actually new but have been appropriated from indigenous communities who have practised psychedelic medicine for as long as we have been human.

Therapy 52
article thumbnail

Utah Psychedelics And Mental Health Bill Heads To Governor’s Desk After Senate Approval

Cannabis Law Report

Marijuana Moment reports. Utah lawmakers on Friday sent a bill to the governor that would create a task force to study and make recommendations on the therapeutic potential of psychedelic drugs and possible regulations for their lawful use. About a month after Rep. Brady Brammer (R) introduced the measure, both chambers of the legislature have now approved it with strong margins.

Law 52
article thumbnail

Colorado officials approve the language of two further psychedelics reform initiatives

Cannabis Law Report

Marijuana Moment. Colorado officials have approved the language of two more psychedelics reform initiatives from the same campaign that already passed that procedural step for two separate measures it submitted late last year, activists say. Now it’s decision time. While the four proposals share commonalities—principally, ending criminalization of people over the use of certain entheogenic substances and providing some avenue for access—activists have to decide which stands the best chance of be

article thumbnail

Fireside Project: Announces Equity Initiative Launch

Cannabis Law Report

Here’s the press release. Honoring Choice – Sharing Power – Building Diverse Futures. Our vision, our true north is a Beloved Psychedelic Community. In this community, people of all identities are represented and welcomed. They have the skills to keep each other safe and support each other as they navigate their psychedelic experiences.

Safety 52
article thumbnail

Flora Growth Completes Acquisition of Category Leading Wellness Brand JustCBD; Enhances U.S. Infrastructure and CPG Portfolio

Cannabis Law Report

JustCBD is an established CPG brand with a portfolio of over 300 products and a seamless omnichannel approach that includes a direct-to-consumer business with over 300,000 customers and a network of over 14,000 stores across the United States and internationally. JustCBD generated audited revenues of US$28 million and EBITDA of US$7 million in fiscal year 2020 across multiple categories, including gummies, tinctures, vape cartridges, creams, pet wellness, among others, all of which we believe to

article thumbnail

MedMen Announces Sale of Florida Assets, New Trademark Licensing Agreement

Cannabis Law Report

— MedMen to receive $83 million in cash for Florida assets, including medical cannabis license, inventory and operations. — MedMen to launch its global trademark licensing program beginning in Florida. LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced plans to sell its Florida assets to Florida-based private company Green Sentry H

Events 52
article thumbnail

Alert: Health and Safety Advisory: JEM Dutch Acres, LLC (DBA Earls)

Cannabis Law Report

FINAL_Health_and_Safety_Advisory_ JEM_Dutch_Acres_LLC.

Safety 52