Plant-touching and ancillary cannabis businesses are operating within one of the world’s most fragmented regulatory landscapes. And as more U.S. markets come online, keeping track of cannabis compliance requirements will only become more complex. The importance of marijuana regulatory compliance cannot be overstated. Implementing a robust compliance program is critical to protecting not only businesses but also licenses, pipelines and reputations. It is also key to creating a culture of accountability that encourages employees to follow the rules, which frequently… Read more.
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GOP Senator And Former Ambassador Want Biden’s Help Freeing A Medical Marijuana Patient Jailed In Russia
A U.S. senator and a former ambassador are imploring the Biden administration to “immediately” escalate diplomatic efforts to secure the return of an American imprisoned in Russia over possession of medical cannabis that he lawfully obtained in Pennsylvania. Sen. Steve Daines (R-MT) and former U.S. Ambassador to Russia Michael McFaul sent a letter to Secretary of State Antony Blinken on Wednesday, requesting that the government formally designate Marc Fogel as wrongfully detained and “prioritize securing his release.” “He is serving… Read more.
HempFusion now will explore options for bankruptcy.California-based Gaby Inc. (CSE: GABY) (OTCQB: GABLF) said that it will not be moving forward with the proposed transaction with HempFusion Wellness Inc., which the company announced on April 28. Gaby was going to buy HempFusion in an all stock deal valued at C$1.3 million. HempFusion announced on June 1 that it had ceased its manufacturing, research, and development operations, terminated the majority of its employees, and would no longer be shipping its products… Read more.
Colorado Gov. Jared Polis last week signed legislation to legalize online cannabis sales, ending the prohibition on internet shopping enacted following passage of the state’s landmark 2012 ballot measure that legalized adult-use cannabis. The measure, House Bill 1279, which was signed by the governor on June 1 after being passed by Colorado lawmakers last month, repeals a regulation that specifically prohibited online cannabis sales while establishing regulations for internet sales of licensed cannabis products. Under the law, adults 21 and… Read more.
A House bill introduced Tuesday aims to promote cannabis research at universities and eliminate federal barriers for researchers. The Higher Education Marijuana Research Act was introduced by Rep. Dina Titus (D-NV) and Rep. Joe Neguse (D-CO). In a statement, Titus, a member of the Congressional Cannabis Caucus, said cannabis is “a major economic driver in Nevada and across the country and deserves further research.” Morgan Fox, National Organization for the Reform of Marijuana Laws (NORML) political director, said that “Despite cannabis being… Read more.
RIP US Cannabis Industry – The US Federal Government Gives Approval for South American Cannabis Imports into the USA
First Ever Cannabis Importation From Uruguay To The United States Could Change The Industry Forever Is this good news or bad news? In an exclusive announcement from Benzinga, a breakthrough partnership between MMJ International Holdings and Global Cannabis Production (GCP) has just been announced – one that has the potential to alter how the worldwide marijuana industry operates entirely. The two companies announced a joint partnership to get the enable the first-ever importation of tetrahydrocannabinol (THC) products into the United States from Uruguay. In… Read more.
Over the past decade, cannabis companies have been eager to jump into the mix as new states open licensing programs and new consumers have their first opportunity to buy legal products. But over the past few years, the industry has proved to be more competitive and challenging than many operators expected, and investors now are taking a much more cautious approach when new markets open. Most multistate operators and large regional companies plan to focus their investment capital on Midwest and East… Read more.
D.C. Judge Rules Cannabis Patient Must Stop Smoking in Apartment Because Odor Causes Nuisance for Neighbor
A Washington, D.C. judge on Monday ordered a man who smokes medical cannabis in his apartment to stop following a neighbor’s complaint that the odor caused a nuisance in her apartment, the Washington Post reports. Judge Ebony Scott ruled that Thomas Cackett has a license to purchase cannabis but “does not possess a license to disrupt the full use and enjoyment of one’s land.” In the ruling, Scott determined, however, that the defendant, Josefa Ippolito-Sheperd, could not prove she was entitled to… Read more.
Cannabinoids are a beautifully fundamental aspect when it comes to consuming cannabis. There are more than 100 known cannabinoids — naturally occurring compounds within the cannabis plant. A handful of major players are found in commercial cannabis products. In the human body, cannabinoids interact with cannabinoid receptors, also referred to as the endocannabinoid system (ECS). The ECS is a complex and important network that works to help regulate pain, appetite and even inflammation. When cannabinoids are used in conjunction with… Read more.
The largest cannabis operator in Texas is leaning into beverages after acquiring 8th Wonder Brewery. The brewery taproom located in the heart of east downtown just turned over ownership to Bayou City Hemp Company. The announcement follows a series of successful collaborations to create non-alcoholic THC beverages. The U.S. cannabis market is expected to grow to more than $86 billion by 2030, which could have a significant impact on the city of Houston. It's the first of its kind. The… Read more.