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Medical marijuana sales sizzle in Pennsylvania, and the M&A market has been busy

 

 

 

 

James Thomas’ hips began to bother him three or four years after he had joint replacement surgery. He turned to medical marijuana and is still testing out the right formulation.

In 2018, the Wolf administration endorsed cannabis as a treatment for opioid use disorder, despite an absence of research and concerns from experts that it could give patients false hope — or actively harm them.

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Michigan AG braces for legal fight against denying unemployment benefits to cannabis consumers

 

"Employers cannot control their employees’ private lives by calling the legal use of marijuana outside of work hours ‘misconduct.’"

Michigan residents who consume cannabis may be disqualified from receiving unemployment benefits if employees are shown to have cannabis metabolites in their systems when drug-tested — even if the employee consumed the drug on their personal time, and despite the fact that medical and adult-use cannabis are legal in the state.

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Cannabis firms catch a whiff of opportunity in Brazil

SAO PAULO (Reuters) – International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop.

Major producers like Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated at 10 million to 13 million people. This results from a 2019 regulatory change allowing the import, sale and manufacturing of such products.

But permission for cultivation of hemp and cannabis in Brazil would be a bigger prize. If granted, the industry could blossom in four to five years, based on the experience of other countries such as Colombia.

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Man allegedly tries to smuggle 145kg of cannabis across border

A man has been charged after allegedly attempting to smuggle over $1,000,000 worth of cannabis across the New South Wales – Queensland border.
 
Police allege the man attempted to cross the border into Queensland on Thursday night for the second time that day at the Griffith Street, Coolangatta checkpoint.
 
He told officers he was transporting goods in the Mercedes Sprinter van and had travelled from South Australia, but could not provide a valid permit.
 
A man has been charged after attempting to smuggle over $1,000,000 worth of cannabis across the New South Wales – Queensland border. (New South Wales Police)
Further inquiries revealed that the driver was from Greater Sydney before he was arrested, ordered to undertake a COVID test and had his vehicle seized.

The total amount of cannabis seized has an estimated potential street value of $1.2million. (New South Wales Police)

During a search of the vehicle, police allegedly found 145 kilograms of cannabis in vacuum-sealed bags concealed inside two large hot water systems and a toolbox.
 
Two mobile phones, a knife and other documentation, were also found during the search and will all undergo testing.
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The total amount of cannabis seized has an estimated potential street value of $1.2million.

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Consumption Lounges on the Horizon for Nevada

Plan a trip to Las Vegas for 2022, because cannabis consumption lounges will finally become a reality in Nevada.

By the middle of next year, Nevada is poised to offer a new type of venue to get high.

State lawmakers on Wednesday approved funding for the Nevada Cannabis Compliance Board to oversee so-called “cannabis consumption lounges” there.

Members of the Interim Finance Committee “unanimously approved three items that will provide the [Cannabis Compliance Board] with funds to hire more staff, work with the state attorney general’s office to hammer out regulations, and direct cannabis revenue toward education funding,” according to the Nevada Independent.

The Independent reported that the committee “would direct $10.9 million to fund 23 new full-time employees at the regulatory agency,” which “would include positions responsible for cannabis lounge licensing, pre-opening and ongoing compliance checks, background checks, lounge suitability determinations and criminal investigations.”

Tyler Klimas, the executive director of the Cannabis Compliance Board, told the committee on Wednesday that the additional funding places the new businesses on track to open their doors early next year.

“All goes as planned, we’re looking at—at least the first quarter, or the first half of 2022,” Klimas said, as quoted by the Nevada Independent. “Not only to see the lounges open, but then also the first part is where we would start to realize that revenue.”

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Cannabis website seeks 'specialists' to get high and get paid

Cannabis-centred website Flower and Freedom has announced plans to hire three “Cannabis Effects Specialists."

Do you want to make US$1,500 ($1,918) and smoke free weed for a month?

Cannabis-centred website Flower and Freedom has announced plans to hire three “Cannabis Effects Specialists,” per a report from Newsweek, promising that they “will pay you to take cannabis!”

post on the website’s blog describes the ganja-filled gig in depth. The study will last for 30 days, and the company says that specialists will be provided with all the necessary cannabis and equipment to complete the trial, which ambiguously describes its aim as testing “theories” about the effects of the drug.

“We have a few different theories behind the pros and cons of casual cannabis use, and we want to provide more information to our community,” reads the blog. “We are aware that cannabis can affect people in different ways, and different dosages will have different effects, but we are keen to test some of our theories!”

Candidates must meet certain criteria to qualify. Applicant must be 21 years of age or older, be “willing to follow testing procedure” and possess “strong” English writing and communication skills. The blog also notes that applicants should have “no prior health conditions which might make it unsafe for them to participate” and must be “comfortable and able to attend video calls to recap their experiences, as well as fill out a verbal questionnaire.”

The company also specifies that although participation is not limited to U.S. residents, applicants must reside in a region where adult-use cannabis is legal.

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Legal Marijuana Shops Are Taking on the Black Market

After years of advocating for stronger policing of the illegal cannabis industry, some local legal cannabis operators are taking matters into their own hands. (Photo by Megan Wood)

On July 6, the dispensary chain March & Ash filed a lawsuit against former San Diego County Sheriff’s Capt. Marco Garmo and a long list of alleged co-conspirators. The lawsuit alleges violations of anti-racketeering, false advertising and unfair competition laws. One of the defendants is a local media outlet that regularly runs advertisements for illegal dispensaries.

The seeds for the civil action were planted in September 2020, when Garmo pleaded guilty in federal court to illegally trafficking firearms from his office in the sheriff’s Rancho San Diego station. Garmo was sentenced to two years in federal prison in March “for years of unlawful firearms transactions and for an array of corrupt conduct relating to unlicensed marijuana dispensaries operating in his former jurisdiction,” the U.S. attorney’s office wrote in a press release.

As part of his plea, Garmo admitted that he tipped off an illegal cannabis dispensary to an imminent search by other law enforcement officials. Called Campo Greens, it was owned in part by his cousin. The business avoided any negative outcomes from the raid thanks to the tip. Garmo also admitted to pressuring another illegal dispensary to hire his friend and co-defendant in the federal case, Waiel Anton, as a “consultant,” along with another person who had agreed to pay Garmo a kickback and worked for the county at the time. That deal ultimately fell through.

Garmo’s criminal case highlighted the struggle by local law enforcement, as well as lawmakers, to stamp out the same illegal cannabis market that he was part of. Though it’s difficult to quantify, California’s cannabis market — which is widely considered to be the largest in the world — totals $11.9 billion, a 2019 industry report claims. About $3 billion of that is legal and nearly $9 billion is not. The same report projects that, by 2024, California’s total market will be worth $13.6 billion, split into $7.6 billion legal and $6.4 billion illicit.

The reasons for this discrepancy are many, but stem from California being the historic home of cannabis cultivation in the United States. A mature and highly functional cannabis market has existed in the state for many decades, well before the passage of Proposition 215 in 1996, which legalized medical cannabis in California.

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Hemp flaunts its foodie credentials at delicious. Harvey Norman Produce Awards

 

The straight-laced cousin of cannabis is becoming a mainstream food product, with some impressive nutritional credentials.

Hemp is shaking off its stoner and hippy connotations and gaining a foodie following as more people come to appreciate the plant’s taste and nutritional benefits.

Having garnered widespread acceptance since the Australian Government declared it legal to sell hemp as a food in late 2017, hemp’s protein-rich seed has made its way onto supermarket shelves, and into products ranging from hemp burger patties to nut bars, beer, gin and kombucha.

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County police issue advisory over marijuana laced with fentanyl

 

Concerns over a potentially dangerous blend of marijuana laced with the powerful narcotic fentanyl has prompted Glynn County Police to urge local pot smokers to destroy their stash.

County police narcotics officers report operations this week “have resulted in seizures of cannabis/marijuana laced with the highly addictive opioid Fentanyl,” the department said in a public health advisory issued Thursday afternoon. Fentanyl often contributes to drug overdoses when dealers lace it into other street drugs, typically heroin.

County police urge those who have recently bought marijuana on the streets to destroy it. Because Fentanyl can lead to “acute respiratory distress and even death,” police warned that marijuana laced with the narcotic carries “the potential for a fatal dosage.”

“We encourage persons who have acquired cannabis/marijuana within the past few days to destroy or dispose of it in a safe and environmentally friendly way that will not risk others to a potential exposure to fentanyl,” police said in the advisory. “Do not flush the substance as this will contaminate the water supply.”

Police reminded residents that a person cannot be charges for possession of any illegal drugs discovered as a result of the person seeking medical care for an overdose.

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What The Experts Are Now Saying About Medical Marijuana For Lung Cancer

What do the latest studies show for marijuana for lung cancer patients?

Lung cancer is the second most prevalent cancer affecting both men and women. According to the American Cancer Society, in 2021 alone there were around 235,760 new lung cancer cases and the year isn’t even over yet.

It is the leading cause of death among men and women, despite the fact that cases continue to reduce because more people quit smoking cigarettes each year – the number one preventable risk factor for lung cancer.

But given how common lung cancer is, can cannabis help? Considering how cannabis has already been widely used for helping treat other forms of cancer, much is still unknown about its efficacy for cancer. Additionally, many people still lack awareness surrounding the cannabis plant because most people think that you can only smoke it – which doesn’t make sense if you already have a disease afflicting your lungs.

So what to the experts have to say about medical marijuana use for lung cancer?

According to Dr. Junella Chin, an integrative cannabis physician treating both adults and children in New York: “When you take plant-based cannabis, marijuana, you’re decreasing inflammation, and you’re relieving pain at the same time.” She adds that humans already have a natural endocannabinoid system but when there is chronic pain, the body’s own pain relievers aren’t enough.

“So when we utilize phytocannabinoids from the cannabis plant, we are actually replenishing our body’s own cannabinoid system. By doing so, it helps us deal with pain and inflammation much more effectively,” she tells SurvivorNet.

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More than 64,000 cannabis plants seized from illegal outdoor grows in California watersheds

The investigations were spurred, in part, to conserve salmon and steelhead habitat.

None of the sites investigated were properly licensed and numerous sites were interfering with local watersheds and spawning streams

In a span of four days this month, deputies with the Humboldt County Sheriff’s Office (HCSO) Marijuana Enforcement Team removed more than 64,000 illegally grown cannabis plants.

The seizures came from multiple grow sites and also resulted in 79 environmental violations, according to a statement from the HCSO, per The Times-Standard.

None of the sites investigated were properly licensed and numerous sites were interfering with local watersheds and spawning streams.

Among the 79 environmental violations, 42 relate to water diversions, 24 were for depositing trash in waterways and 13 were for water pollution.

Environmental scientists were also on the ground with officers, tracking damage to the area. The investigations were spurred, in part, to conserve salmon and steelhead habitat, according to the news release.

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Tennessee’s Hemp-Heavy History

The state of Tennessee has a rich past — and promising future — with the cash crop

Tennessee has been a hemp state for a lot longer than it hasn’t been one.

The versatile plant was already a major cash crop in the United States by the time Tennessee joined the union in 1796, and pioneer families who’d had success with it brought it across the Applachians from Virginia and the Carolinas. Producing hemp was critical at a time when ships were the primary conveyances of commerce, as its tough fibers are perfect for making sails and lines, and farmers could cash in with both government and private commercial supply contracts.

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Medical Cannabis Portal Launched For U.S. Veterinarians

The Veterinary Cannabis Society (VCS) has launched a website and educational portal for veterinarians, pet owners and cannabis product companies.

The use of cannabis as part of pet care is exploding in popularity. But there’s a lot of confusion and misinformation out there. Like anything, the cannabis pet care sector has its share of dodgy characters and claims. At best, some products are a waste of money. At worst, they can have a negative impact on pets – and in some cases have caused death.

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The Future Of These Marijuana Stocks Looks Promising Here’s Why

As of the 18th of August, things are looking a bit better for cannabis stocks. Although the market has been down for some time it’s been more volatile. Which in comparison to the downtrend that occurred from mid-February to the end of April more overall action has been taken place. With the sector looking a bit more green some shareholders were able to make some profit on the 18th of August.

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U.S. cannabis insurers get ready to roll as federal legalization nears

Insurers are quietly gearing up for a potential ten-fold increase in sales to the booming $17.6 billion-a-year cannabis industry as Congress inches closer to legalizing pot at the federal level.

While 36 U.S. states and the District of Columbia have legalized cannabis for medical or recreational use, insurance for growers, testing labs and retailers is being held in check largely by strict federal laws that criminalize pot alongside heroin, methamphetamine and LSD.

U.S. legal cannabis sales jumped 45% last year and are expected to hit $41 billion in 2026, Colorado-based research firm BDSA said.

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Marijuana delivery starts in Denver Thursday with a soft launch

The Strawberry Fields dispensary in Denver plans to kick off a soft launch of its marijuana delivery services on Thursday, alongside transporter business DOOBBA. 

 

The dispensary plans to officially start delivery on Monday.

“We are super excited to be the first in Denver. We are ready to crush it and make it our own and hopefully lead by example for others that follow,” Strawberry Fields COO Faline Vanlandschoot said. 

This summer, marijuana delivery became legal in Denver. So far, a total of six dispensaries or medical marijuana facilities have been licensed, according to city data.  

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Democrats Have A Year To Legalize Marijuana Nationwide

Chuck Schumer’s dream of advancing nationwide cannabis reform must come now, or else it might not get another chance.

Democrats are on borrowed time with respect to their control of Congress, which means they either must work extra hard to ensure the votes necessary to stay in power, or beg, borrow, steal, and call in every favor to see that the party’s agenda is well-served before they are snuffed out by Republicans.

Among the many issues the Democrats are trying to pass, nationwide cannabis reform is a hot topic. Senate Majority Leader Chuck Schumer said earlier that legalizing marijuana at the federal level was a top priority for the upper chamber, but he has so far come up short. Unfortunately, the clock is ticking for the Democrats to get something on the books.

As it stands, next year’s midterm elections aren’t looking good for Democrats. Early indicators show that the Republicans are poised to take back control of the House majority, further dividing Congress. “Based on all factors, you’d have to consider Republicans the early favorites for the House majority in 2022,” David Wasserman with the nonpartisan Cook Political Report recently told NBC News. As for the outcome of the Senate, it seems to be any party’s game at this point.

Photo by Drew Angerer/Getty Images

Some politicians believe that history is repeating itself — and it’s not going in favor of the Democratic Party. Senator Lindsey Graham said earlier this week that next year is looking like another 1994. That’s when the GOP swooped in with a vengeance and gained total control of Congress. “I think a tidal wave is brewing,” he said. “When you look at rampant inflation, out-of-control crime, and a broken border and just [a] general lack of knowing what you’re doing, lack of competency … the Republican Party’s going to have a great comeback if we recruit the right people.”

Does Democratic Senate Really Have Enough Power To Legalize Marijuana Nationwide?

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5 Cannabis Stocks That Are Better Picks Right Now Than Sundial Growers

Key Points

These five cannabis stocks have better growth prospects than Sundial because they already operate in the lucrative U.S. cannabis market.All five continue to deliver much stronger revenue growth than Sundial and are either profitable or closer to profitability than Sundial is.Four of the five sport more attractive valuations than Sundial does.
 

Seven pot stocks rank among the 100 most popular stocks on Robinhood's (NASDAQ:HOOD) trading platform. But only one of them is in the top 10 on the list -- Sundial Growers (NASDAQ:SNDL). Actually, Sundial claims the No. 4 spot, beating out quite a few larger and more successful companies. 

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Hopewell Township will temporarily prohibit recreational cannabis

Hopewell Township is prohibiting all six cannabis business class licenses – for now.

Members of the Township Committee adopted an ordinance prohibiting any cannabis class business from operating in the township during a virtual meeting held Aug. 16. The ordinance’s adoption is before the state deadline for municipalities to opt in or opt out of recreational cannabis.

Mayor Julie Blake, Deputy Mayor Courtney Peters-Manning, Township Committeeman Kevin Kuchinski, Township Committeeman Michael Ruger, and Township Committeewoman Kristin McLaughlin voted “yes” on the ordinance’s adoption.

“This is the only way we can control our own destiny, which is to opt out. If we do not opt out we have no control,” Mayor Julie Blake said.

The decision to prohibit all classes is temporary and makes certain that the township meets the state deadline of Aug. 21.

“To make sure that we meet our state deadline, this ordinance would opt the township out of all cannabis activities for now. The main objective of that is to meet the state deadline,” said Scott Miccio, township attorney from law firm Parker McCay. “If we do not meet the state deadline it will be forced upon the Township of Hopewell and the township would not have a choice of rolling the aspects it wants to opt into.”

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Texas Medical Marijuana Compassionate Use Program Will Now Include Cancer Patients and People with PTSD

Texas’ medical marijuana is best known for being one of the most restrictive in the county, limiting its medicinal relief to fewer than 6,000 and only to those with neurological disorders or terminal cancer.

However, a new law that passed during the Legislature -effective September 1st– will now allow people with PTSD and cancer patients to use low doses of THC cannabis, as part of the Texas Compassionate Use Program.

This new law will also increase the previous THC cap in medical marijuana to 1%, which experts say it’s still a pretty small quantity.

“Because [the program] was so narrow for so long, many patients were forced to go to the neighboring states around Texas that have robust medical programs to gain access to the plant,” said Jax Finkel, the executive director of Texas’ chapter of the National Organization for the Reform of Marijuana Laws.

“And in fact, many patients have had to actually leave the state permanently for access — medical refugees,” Finkel added.

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