Sat.Feb 15, 2020

Weekly Legislative Roundup 2/15/20

NORML

Welcome to the latest edition of NORML’s Weekly Legislative Roundup! The legalization effort in New Mexico was killed as the Senate Judiciary Committee voted 6-4 to table the bill this week.

Washington Marijuana Businesses: Watch Out for Cyber Attacks!

Canna Law Blog

One of our Washington cannabis clients recently learned that its employee was the target of a cybersecurity attack. The employee, who was following instructions via a messaging app, wired money to an individual at the request of who he believed to be an owner of the company. That was not the case!

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Trending Sources

Canopy Growth reports $124.17M loss

Cannabis Life Network

SMITHS FALLS, Ont. Canopy Growth Corp. is planning further cost cutting as it works to achieve positive cash flow and profitability, the cannabis producer’s new chief executive said Friday as it reported a $124.17-million loss in its third quarter of 2020.

Former UN drug policy chief joins Thai cannabis company as president

Cannabis Law Report

MJ Biz reports. A former head of the United Nations body responsible for international drug treaty compliance has been hired as president of Thailand’s leading medical cannabis company, lending a significant voice to the global credibility of the industry, especially in Asia, according to experts.

Nova Scotia Liquor Corporation to sell cannabis at 14 more outlets

Cannabis Life Network

HALIFAX — The Nova Scotia Liquor Corporation plans to sell cannabis at 14 more of its outlets within the next year — more than doubling the number of places to buy pot across the province.

Medical cannabis qualified patient bill moves to the House

The NM Political Report | Medical Cannabis Program

A Senate bill that would specify that only New Mexico residents are eligible to enroll in the state’s Medical Cannabis Program is headed to the House. SB 139, sponsored by Sen. Jerry Ortiz y Pino, D-Albuquerque, passed the Senate floor Saturday night by a 32-8 vote.

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Supreme Cannabis Company Lays Off 15% Of Staff

Cannabis Law Report

The Supreme Cannabis Company (TSX:FIRE) became the latest Canadian cannabis producer to announce layoffs Tuesday – an epidemic of cost cutting measures spreading across an industrial environment full of well-backed cultivators who have all struggled to turn a profit.

CannTrust names new CEO

Cannabis Life Network

VAUGHAN, Ont. CannTrust Holdings Inc. says it has appointed its chief financial officer, Greg Guyatt, to be its CEO as the company works to come back from the fallout of its operation of unlicensed grow rooms. The Vaughan, Ont.-based

Cannabis Regulators Revisit Massachusetts Mayor Bribery Case

Cannabis Law Report

Massachusetts cannabis regulators have been given access to sealed documents related to cannabis companies linked to Fall River Mayor Jasiel Correia’s bribery case from last year. Reports MJ Biz.

Today’s Answer of the Day

TheAnswerPage

Other than CYP3A4 and CYP2C19, what enzymes are involved with the metabolism of CBD? The metabolism of CBD involves oxidation as well as hydroxylation. In vitro studies with human liver microsomes indicate that CYP3A4 and CYP2C19 isoforms are involved with the hydroxylation of CBD.

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Press Release: CANNTRUST ANNOUNCES NEW CEO

Cannabis Law Report

Appoints Greg Guyatt as Chief Executive Officer, with Robert Marcovitch remaining as non-executive Chairman. VAUGHAN, ON, Feb. 13, 2020,/CNW/ – CannTrust Holdings Inc.

Study: Abruptly Stopping CBD Use Has No Physical Side-Effects

The Joint Blog

According to a new study published in the journal Epilepsy & Behavior, abruptly stopping the use of CBD (cannabidiol) is not associated with physical withdrawal symptoms. The study is titled Abrupt withdrawal of cannabidiol (CBD): A randomized trial.

Hawaii Lawmakers considering allowing medical marijuana dispensaries to sell edible cannabis

Cannabis Law Report

KITV Hawaii reports… State lawmakers are considering allowing medical marijuana dispensaries to sell edible cannabis. The bill was given initial approval by members of the Senate Commerce, Consumer Protection and Health Committee.

Cannabinoids May Alleviate Pain in Those With Cancer-Induced Bone Pain, Finds Study

The Joint Blog

Activiation of the cannabinoid system – which is done naturally through the consumption of cannabis and cannabinoids – may alleviate pain in this with cancer-induced bone pain, according to a new study published in the Journal of Pharmacology and Experimental Therapeutics, and epublished by the National Institute of Health.

Santa Barbara, Brand Farms Raid Reveals Political Dealings

Cannabis Law Report

Brand Farms was expected to be the model for legal cannabis growing in Santa Barbara County until it was raided.

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Study: Marijuana May Improve Health-Related Quality of Life

The Joint Blog

Medical marijuana may lead to health-related quality of life improvements, according to a new study, published in the journal Behavioral Medicine, which is titled Perceived efficacy of medical cannabis in the treatment of co-occurring health-related quality of life symptom.

Greek Billionaire Arrested In 2019 In Caribbean For Transporing Cannabis On Private Jet Now Wants To Set Up Cannabis Island Resort In Australia

Cannabis Law Report

With Australia relaxing its cannabis laws, the Greek heir of Coca Cola bottling Aki David is planning to bring his Swissx brand of medicinal cannabis products to Australia and also plans to set up an island resort for lovers of the plant.

Los Angeles: Tech Used to Clear 66,000 Marijuana Convictions

The Joint Blog

Los Angeles County prosecutors are joining other district attorneys to use technology to wipe out or reduce as many as 66,000 old marijuana convictions, according to a new report by the Associated Press.

Prohibition Partners Launches the European Cannabis Report: 5th Edition

Cannabis Law Report

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Kentucky Medical Marijuana Legalization Could be Voted on by House Next Week

The Joint Blog

Kentucky House Speaker David Osborne has said that legislation to legalize medical marijuana may be voted on in the House as soon as next week. The measure cleared the House Judiciary Committee on a 17-1 vote Wednesday, reports the Associated Press. One of its lead sponsors, Republican Rep.

GROWING PAINS PT. 1 EMERGING PATTERNS IN THE RECREATIONAL MARIJUANA MARKETPLACE

Cannabis Law Report

The 2010s were a big decade for cannabis. As we entered 2020, twelve states had legalized adult-use, recreational marijuana. Forbes recently reported that eighteen states could join that number, totalling 30 by the end of this year.

Study: Marijuana May Have Therapeutic Applications in the Neuropsychopharmacology Field

The Joint Blog

Marijuana may have possible therapeutic applications in the neuropsychopharmacology field, according to a new study published in the journal European Neuropsychopharmacology, and titled Possible therapeutic applications of cannabis in the neuropsychopharmacology field.

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California Suspends Additional Cannabis Licenses

Cannabis Law Report

Some California licensees are starting off 2020 in a regulatory predicament. In early January, California’s Bureau of Cannabis Control (“BCC”) welcomed the new year with a bang by suspending another 252 cannabis licenses.

US Hemp Roundtable- States Update

Cannabis Law Report

State Alert: Iowa. At first glance, HSB 646 appears innocuous. It makes non-substantive changes to some of Iowa’s hemp-related definitions and even provides a new definition for “consumable hemp products” that includes inhalable, ingestible, and topical products.

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Alert: The Bureau of Cannabis Control (Bureau) Announces, “emergency rulemaking action for the Quick Response Code (QR Code) certificate requirements.”

Cannabis Law Report

The Bureau of Cannabis Control (Bureau) is pleased to announce that the Office of Administrative Law (OAL) has approved the emergency rulemaking action for the Quick Response Code (QR Code) certificate requirements.