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  1. hi Over 3,000 cannabis products recalled after a worker licked a joint The complaint was filed at the Marijuana Regulatory Agency that issued a health and safety warning "regarding pre-rolls contaminated with human saliva" Reports of a worker licking a pre-rolled joint at a processing facility in Bay City, Michigan, resulted in a recall of nearly 3,400 products on Thursday. The complaint was filed at the Marijuana Regulatory Agency (MRA) that issued a health and safety warning “regarding pre-rolls contaminated with human saliva.” The incident took place at a processing facility identified as 3843 Euclid LLC. “They also operate Dispo, a retail and medical store at 3843 Euclid Ave. in Bay City. The processing license has been suspended for 14 days,” reports MLive.com. Customers are urged to return the contaminated products, the sale of which took place between June and August 3. They are also encouraged to report adverse reactions following the use of the pre-rolls. Additionally, “provisioning centers must notify patients and caregivers who purchased these pre-rolls of the recall,” the MRA said in a statement. An investigation is ongoing and could result in a further recall. https://www.thegrowthop.com/cannabis-news/over-3000-cannabis-products-recalled-after-a-worker-licked-a-joint Bongme
  2. hi Grandmother sues Disney after being arrested for carrying CBD oil Independent A woman who was arrested at Walt Disney World’s Magic Kingdom after security found a bottle of CBD oil in her purse is suing the Disney company. Hester Burkhalter, 69, a grandmother from North Carolina, was reportedly arrested for felony drug possession in Orlando, Florida, after Disney security found the bottle when she placed her purse on a table for inspection in April 2019. Civil rights attorney Ben Crump has since filed suit against Disney, the Orlando Police Department and the Orange County Sheriff's Department on Burkhalter’s behalf, TMZ reports. According to the lawsuit, Burkhalter was arrested, detained and handcuffed at the time of her visit, despite explaining to authorities that the CBD oil was doctor-prescribed for treatment for her advanced arthritis and did not contain THC. The complaint states that a sheriff’s deputy tested the oil for THC twice, getting a negative result the first time and positive result the second time, according to CNN. The legal filing also alleges that Burkhalter panicked and subsequently vomited while in the back of the police car but did not receive medical attention. The 69-year-old, who described the ordeal as “traumatising” for her young grandchildren, was then taken to jail where she was reportedly subjected to a strip search. In May, the charges were dropped against Burkhalter after prosecutors said the case wasn’t suitable for prosecution. Cannabidiol (CBD) is one of the naturally occurring cannabinoids found in cannabis plants, but it does not get you “high”. According to the World Health Organisation, “in humans, CBD exhibits no effects indicative of any abuse or dependence potential” and “to date, there is no evidence of recreational use of CBD or any public health related problems associated with the use of pure CBD.” Despite the charges being dropped, Burkhalter has filed the suit, in which she alleges assault and battery, false arrest and imprisonment, defamation and emotional distress, because she still feels “traumatised,” according to TMZ. "It was the most humiliating day of my life," Burkhalter said during a press conference Wednesday. She is seeking $18m in damages plus additional damages for her husband and other family members, TMZ reports. During the press conference, Crump said: "We have given Disney and the Orange County Sheriff's Office several opportunities to apologise. Disney remains silent." The Independent has contacted Disney for comment. https://www.independent.co.uk/travel/disney-cbd-oil-grandma-arrest-hester-burkhalter-lawsuit-florida-a9657691.html Bongme
  3. Hi The First-Ever Cannabis Business Competition Show, The Next Marijuana Millionaire™ Releases Its First-Look Trailer FULL-SEASON PREMIERING GLOBALLY AUGUST 15TH ON AMAZON PRIME, PLUTO TV, ROKU, APPLE TV, AND ALL MAJOR STREAMING SERVICES LOS ANGELES, Aug. 4, 2020 /PRNewswire/ -- Self-made entrepreneur, Michael "BigMike" Straumietis revolutionized the cannabis industry when he founded Advanced Nutrients, the No.1-selling cannabis fertilizer brand in the world. With an annual revenue exceeding $110 million and products sold in 107 countries and counting, Advanced Nutrients has brought more innovations to the market than any other company. Now, after 37 years as the most influential trailblazer in cannabis, BigMike has set out to discover the next industry titan. BigMike releases the first-look trailer exclusively on CNN Entertainment, the highly-anticipated reality show where sixteen budding entrepreneurs compete for the ultimate prize, testing their business savvy, character and stamina. Each elaborate challenge reflects the real-life intensity of trying to make it in today's booming cannabis industry. The winner claims the grand prize worth up to $1 million and a partnership with BigMike that will change not only their life, but the direction of the multibillion-dollar cannabis market. The full-season of The Next Marijuana Millionaire™ https://themjmshow.com/ premieres globally August 15, 2020 on major streaming services including Amazon Prime and Pluto TV. Viewers can also tune-in through Apple TV, Roku, Social Club TV, iOS and Android or Smart TV. The first-ever cannabis business competition show has an international footprint with subtitles available in multiple languages. Cannabis will skyrocket to a $30-billion global industry by 2022, and everyone wants in. Who will become The Next Marijuana Millionaire™? The competition is fierce. The stakes have never been higher. Follow @mjmshow @bigmike Founder and CEO of Advanced Nutrients, the "Godfather of Good Cannabis," Michael "BigMike'' Straumietis is highly sought after in Hollywood, having lent his expertise as an advisor to Emmy-winning shows including Showtime's Weeds, the CSI franchise, and Seth Rogan's film, Pineapple Express. Since 1983, BigMike has overseen the cultivation of millions of plants and is responsible for 53 innovations in the world of cannabis cultivation, helping to bring the plant to its true genetic potential. He founded Advanced Nutrients in 1999, introducing the world's most complete cannabis growing nutrient system. BigMike has also been featured on numerous news outlets, including Cheddar, Huffington Post, Fox Business, Business Insider, Entrepreneur and Yahoo! Finance. MEDIA CONTACT: Clarie Darnell Ph: 310-270-5054 Advanced Nutrients Video - https://mma.prnewswire.com/media/1223614/Next_Marijuana_Millionaire_Trailer.mp4 | Logo - https://mma.prnewswire.com/media/1223615/NMJM_Logo.jpg https://www.prnewswire.co.uk/news-releases/the-first-ever-cannabis-business-competition-show-the-next-marijuana-millionaire-tm-releases-its-first-look-trailer-835628869.html Bongme
  4. New ★ 2017

    Indigo Berry Kush® This strain was developed within a program of the Sweet Seeds® R+D Department that was focused on the search for exquisite and marvellous earthy aromas. This strain is the resulting hybrid from the cross between an elite clone of So G Kush (OG Kush x LA Confidential x Trainwreck) and our elite clone of Blue Monster (Blueberry‘99 x Black Domina‘98). The Blue Monster clone that takes part in this cross brings the earthy soul aroma to our appreciated and classic Cream Caramel® (SWS04). The aroma of this strain is exquisite, very sweet and with a pleasant strong earthy presence. This scent comes mixed with a background of aromas typical of the OG Kush family, featuring exotic and pepper spicy tones with a fresh touch of cypress. The plants grow with mostly indica structure, producing a big main bud, very resinous and compact, complemented with multiple side branches completely covered with smaller flowers of the highest quality. This strain is a great producer of resin crystals. Variety SWS63 Commercial Name: Indigo Berry Kush® Indica: 60% / Sativa: 40% THC: 15-21% · CBD: 0,1% · CBN: 0,1% Indoor Yield: 400-600 g/m2 Outdoor Yield: 450-700 g/plant Indoor Blooming: 8-9 weeks Outdoor Harvest: late September, early October
  5. Can you love cannabis and support the police? Police have used cannabis prohibition as a pretext to hassle and arrest Black people, and other people of color, for decades. Police agencies not only enforce these unjust laws, they help create them, protect them, and increase the human suffering that flows from them. To love cannabis is to know this plant is both a life-saving medicine and a wonderfully life-affirming enhancer of music and ice cream sundaes. Even if you’ve never been busted, to truly love weed is to know that when the police abuse any one of us, none of us are free. To love cannabis is also to be part of an incredibly diverse and inclusive global community of people brought together to celebrate and share this most beneficial botanical species. But to love cannabis is also to see this same plant senselessly demonized by the authorities, in order to prop up a century-long campaign of racist, abusive, corrupt, counterproductive and overtly cruel policing. While tremendous progress has recently been made towards legalization, the total number of cannabis arrests in the United States has actually risen each of the last three years. All of these arrests disrupt the lives of the targeted individuals, their families, and their communities. Many of these disruptions are truly devastating. A routine interaction with law enforcement over simple possession can result in arrest, incarceration, job loss, housing loss, denial of student aid, financial ruin, the loss of your children, or getting shot to death by police. Policing targets people of color and the poor In every state—even states that have legalized—these arrests vastly disproportionately target the poor and people of color. So much so, that if you don’t happen to be poor or a person of color, you might not feel the oppression of those 650,000+ annual cannabis arrests (in the United States alone!) as directly as you should. Actually, as you must. A cannabis arrest every 18 seconds in America To love cannabis is to know that every law against it is an affront to life, liberty, and the pursuit of happiness. But it’s got to be more than that. For more than a century, the police in this country have terrorized our communities by putting tens of millions of us in handcuffs, sending peaceful, kind-hearted people to prison for decades, raiding our compassion clubs set up to supply the sick and dying, shooting our dogs in no-knock armed raids of our homes, snatching us off our own porches and street corners, arresting cancer patients in their hospital beds, spying on us, sending snitches and narcs after us, combing through our ashtrays for a seed or a stem, or failing all that, just planting weed on us—and for what? Someone gets arrested in this country for marijuana every 18 seconds. Doesn’t that make you angry? Even if you’ve never been busted yourself, even if you’ve never had a friend or loved one busted, to truly love weed is to know that when the police abuse any one of us, none of us are free. Police actively creating more victims If the war on marijuana hasn’t personally, directly affected you yet, or even if it has, let’s all take a moment to stop and think about Jesse Snodgrass. In late 2012, an undercover narcotics officer in Riverside, California, infiltrated the local high school and befriended a lonely, isolated student named Jesse. Jesse was new to town and had been diagnosed with autism as well as bipolar disorder, Tourette syndrome, and several anxiety disorders. The story of Jesse Snodgrass illustrates the lengths to which police will go to use cannabis as a way to entrap people. Sensing a vulnerable target, this narc sent a 17-year-old special needs student—who’d never previously been involved with cannabis—more than 60 text messages begging for help finding weed. The narc said he needed it to treat his anxiety. Jesse understood anxiety all too well. He also felt intense pressure not to lose his only friend, so he spent weeks searching before finally managing to buy half a joint off an unhoused person who lived downtown. He brought the half-joint to his friend, who pushed a $20 bill into his hand to make sure it counted as a “sale.” Soon after, a team of armed police officers entered Jesse’s classroom, arrested him in front of his classmates, and dragged him off. The police took 22 students into custody that day at three different high schools as part of a coordinated campaign . Jesse spent the night sleeping on the floor of a detention center using toilet paper as a pillow. That was his reward for putting himself in danger to score weed for his “friend.” Nobody involved in the police operation faced discipline. Jesse’s parents sued the school. Their case was dismissed. Actually, cops do ‘make the laws’ When asked to defend this indefensible policy and its horrific costs to the public, the police typically respond with a shop-worn line: “Hey, we don’t make the laws, we just enforce them.” But to date, every single campaign to end cannabis prohibition has been met with organized and well-funded opposition from police, sheriff’s departments, and other law enforcement organizations that profit off the American prison industrial complex. Which means the people and institutions most intimately involved in enforcing these unjust laws remain steadfastly committed to ever-bigger budgets, harsher penalties, and fuller prisons. It’s not that the law forces cops to arrest people for cannabis. They want to arrest and imprison people for cannabis. It’s not protection, it’s oppression Some small percentage of cops may truly believe that weed smokers pose a threat to society so severe as to justify all the no-knock raids and draconian sentences. But anyone so willfully ignorant or irredeemably delusional has no place in any position of authority. As for the rest, we must come to the uncomfortable but obvious conclusion that they simply enjoy fucking with “undesirable people” with impunity. And cannabis serves as a convenient pretext to do just that—even in cases where cannabis has nothing to do with anything. Cannabis as a pretext to fuck with Black people When Michael Brown was shot to death by police in Ferguson, Missouri, in 2014, his lifeless body was left for four hours in the street. The authorities later went out of their way to publicize the fact that Brown was wearing socks decorated with cannabis leaves. When Sandra Bland was pulled over by police in Hempstead, Texas, (a town literally named for cannabis) and later died while held in jail, Waller County District Attorney Elton Mathis claimed “she swallowed a large quantity of marijuana or smoked it in the jail.” As if that justified every abuse of their constitutional rights and human dignity. In neither of these cases did the authorities actually claim cannabis as the cause of death—since cannabis has never caused a single death in human history. They just used cannabis as a smokescreen, to smear their victims and distract from their own crimes. Yes, legalize it. But that won’t fix the police The legal cannabis industry has rightly faced criticism for allowing rich white people to profit off the plant while so many people of color remain incarcerated for doing the same thing. Even rich white assholes have latched onto this critique. Selling weed literally went from major felony to essential business (open during pandemic) in much of America & yet many are still in prison. Doesn’t make sense, isn’t right. Two problems to consider Drill down a little, however, and what looks like one problem is actually two problems that throw each other into stark relief. The economic problem of rich white people getting richer off cannabis is an outgrowth of the institutional racism embedded in capitalism. Put another way, the legal cannabis industry is increasingly full of rich white people getting richer because it’s now like every other industry. In some cities and states, equity programs have been implemented to help level the playing field. But it’s clear there’s much more to be done, and this must be an immediate and urgent priority for regulators, industry leaders, and consumers. Cannabis should transform capitalism, not the other way around. But make no mistake: It will be a long, uphill battle. Legalizing is a big help, but not the total solution The second problem, however—that people of color continue to be arrested and incarcerated for cannabis—is a political problem. Legalizing cannabis is the solution. When Washington, D.C., legalized in 2014, the arrest rate for Black people fell by more than 99%. The remaining arrests were attributed to everything from underage possession to unlicensed cultivation and sales. Even with that staggering drop, however, Black people still remain four times more likely than white people to be arrested. Statistics from many other states tell the same story. The good news is that legalizing cannabis massively reduces the number of people, of all backgrounds, forced into encounters with law enforcement. The bad news is that after legalization, the police remain just as racist as before. Because the war on weed is not now, and never has been, about weed. It’s about war. ‘We couldn’t make it illegal to be Black’ Many years after the fact, Richard Nixon’s former domestic policy chief admitted that the modern war on drugs was started as a way to attack the President’s two chief political enemies, “the antiwar left and black people.” “We knew we couldn’t make it illegal to be either against the war or black,” John Ehrlichman told a reporter in 1994, “but by getting the public to associate hippies with marijuana and blacks with heroin, and then criminalizing both heavily, we could disrupt those communities. We could arrest their leaders. raid their homes, break up their meetings, and vilify them night after night on the evening news.” For a fuller illustration of how policing and white supremacy are intertwined, check out this video by the team at John Oliver’s Last Week Tonight: The war on drugs is the new Jim Crow As anyone who’s read Michelle Alexander’s groundbreaking book The New Jim Crow knows, that’s exactly what the police did. And do. And will keep doing—over cannabis or for some other reason—as long as we give them massive budgets, unchecked authority, and an unwritten mandate to go after the poor, minorities, and political dissidents. According to a 2017 report by the Center for Popular Democracy, most large cities spend more than 25% of their general fund budgets on police. Chicago and Oakland have spent 40%. The NYPD’s budget now comes to more than $6 billion annually, in a city facing a housing crisis and a transit crisis, where people lack access to basic healthcare and children go to sleep hungry. Giving weapons of war to those who ‘protect and serve’ Those figures don’t include money from the federal government. Between 1990 and 2017, the Defense Department supplied local police departments with $5.4 billion in military aid. Those grants brought tactics and equipment previously deployed in Afghanistan and Iraq to America’s cities and rural communities. All of which means the officers of the law that kick down your door in the middle of the night over a dime bag show up in a tank and look like RoboCop. Meanwhile doctors and nurses wear trash bags to protect themselves from a deadly pandemic. That’s what you support if you support the police. So if you love weed and don’t support the police, what comes next? Act locally. You, your voice, and your vote control your local city council, which controls the police budget. Start learning how to change things with this Practical Guide to Defunding the Police by Tessa Stuart. https://www.leafly.com/news/politics/can-you-love-both-cannabis-and-the-police
  6. hi Hell and back: Terrifying moment six firefighters are left with no choice but to crawl along ladder through 200ft fireball to escape out-of-control blaze at LA hash oil factory vid on link Horrifying footage shows the moment firefighters desperately tried to escape a building following an explosion Saturday night in downtown Los Angeles. At least six firefighters are seen making their way out of the building on a ladder after attempting to tackle a massive blaze at a building of a supplier of butane honey oil - also known as hash oil. Some of the first responders were engulfed in flames as they tried to reach safety. Twelve firefighters, who were inside during the explosion, were injured after they had to run through a wall of flames estimated to be as much as 30 feet high and wide. Others ran out onto sidewalks, where they tore off their burning protective equipment, including melted helmets. On Sunday, police and fire investigators launched a criminal probe into the cause of the explosion. Detectives from the Los Angeles Police Department's major crimes division were working with investigators from the Fire Department's arson team to determine what might have sparked the blast that shot a ball of flames out of the building Saturday night and scorched a fire truck across the street, police spokesman Josh Rubenstein said. The wall of flames shot out of the building and burned seats inside a fire truck across the street. 'We're in the very early stages of the investigation ... to understand what happened and figure out how to move forward,' he said. The federal Bureau of Alcohol, Tobacco, Firearms and Explosives is assisting local fire investigators, an agency spokeswoman said. 'Everybody off the roof!' a firefighter shouted in scanner traffic captured on Broadcastify.com. Mayday mayday mayday! All companies out of the building. Mayday mayday mayday!' another shouted. Firefighters first thought they were battling a routine structure fire, city fire Capt Erik Scott told KNX Radio, but as they got a little farther in the building they started to hear 'a loud hissing sound and a significant rumbling that you could feel vibrating throughout the area'. He said 'one significant explosion' shook the neighborhood around 6.30pm. Three firefighters were released after spending the night in the hospital, fire department spokesman Nicholas Prange said Sunday. Of the eight who remained hospitalized, two were in critical but stable condition. Officials initially announced that 11 firefighters were injured. But Prange said a 12th was treated and released for a minor injury. All are expected to survive. 'Things could have been so much worse,' said Los Angeles Fire Department Medical Director Dr Marc Eckstein, who helped treat the injured at Los Angeles County-University of Southern California Medical Center. There was light to moderate smoke when firefighters entered the one-story building in the city's Toy District and went on the roof - normal procedures to try to quickly knock down any flames. os Angeles Fire Chief Ralph Terrazas said one of the firefighters inside the building thought things didn't seem right - the pressure from the smoke and heat coming from the rear of the building were increasing. He directed everyone to get out, and they quickly started exiting the building as it was rocked by the explosion. More than 200 firefighters rushed to the scene, and dozens of engines, trucks and rescue vehicles clogged the streets. The fire spread to several nearby buildings, but firefighters were able to douse it in about an hour. Scott said the building was a warehouse for SmokeTokes, which he described as a supplier for makers of 'butane honey oil'. Butane is an odorless gas that easily ignites, and it´s used in the process to extract the high-inducing chemical THC from cannabis to create a highly potent concentrate also known as hash oil. The oil is used in vape pens, edibles, waxes and other products. A call to SmokeTokes went unanswered on Monday, and the company's voicemail was full. On its website, SmokeTokes advertises a variety of products including 'puff bars,' pipes, 'dab' tools, vaporizers, 'torches and butane,' and cartridges. The company says it is 'an international distributor and wholesaler of smoking and vaping products, and related accessories'. Prange, the LAFD spokesman, said carbon dioxide and butane canisters were found inside the building but that it was still not clear what caused the blast. Adam Spiker, executive director of the cannabis industry group Southern California Coalition, said he didn't know what activities were taking place inside the building. However, if the business was using butane in cannabis extraction it would be illegal because the city has never issued a license for that type of operation. Because of safety concerns, such businesses are typically restricted to industrial areas and kept away from urban centers. 'If they were doing volatile extraction with butane ... they couldn't be legal in the city of LA to do those types of activities,' Spiker said. He said the coalition was unaware of the business having any type of license and 'something about this doesn't pass the smell test'. Information so far 'puts up a lot of alarm bells,' Spiker said. In 2016, there was another major fire at a business called Smoke Tokes at a nearby address. The Los Angeles Times reported at the time that it took more than 160 firefighters to put out the blaze and that they encountered pressurized gas cylinders that exploded in the fire. No one was injured in that fire. It was unclear whether that business and the one that burned Saturday were connected. https://www.dailymail.co.uk/news/article-8331415/Terrifying-footage-shows-moment-firefighters-desperately-try-escape-massive-blaze-LA.html Vid On Link Bongme
  7. hi Hash oil factory blast injures 11 firefighters in Los Angeles BBC News A blast at a hash oil factory in Los Angeles has injured 11 firefighters who were caught by a ball of flame as they worked to put out a blaze. The fireball shot out of the building and scorched a fire engine across the street when the explosion happened at 18:30 on Saturday (02:30 GMT Sunday). Some of the firefighters had to run through a wall of flames 30ft (9m) high and wide to escape, an official said. Three are in a critical condition but all are expected to survive. All 11 firefighters suffered burns ranging from minor to serious, and two have been placed on ventilators. Some of them were on fire as they ran out of the building and they ripped off their protective equipment, leaving it on pavement along with melted helmets, Los Angeles Fire Department Captain Erik Scott was quoted as saying by the Associated Press news agency. It appears that butane gas was being used in the process to extract a chemical from cannabis to create hash oil, a powerful concentrate. https://www.bbc.co.uk/news/world-us-canada-52696269 Bongme
  8. hi Professional sports leagues ease the rules on cannabis during lockdown t's been two months since sports came to a sudden halt due to the coronavirus. If you're reading this story, there's a good chance you've filled that void, in part, with cannabis. The athletes you can no longer watch perform, should they so choose, could be doing the same. In mid-March, the National Football League and its players agreed upon a new collective bargaining agreement or CBA. It is, simply put, a rulebook for how the NFL and its players have to act for the next 10 years. Most importantly the agreement outlines what the players will be required to do and how they will be compensated. It also delves into more specific issues, like cannabis. Under the new CBA, testing positive for marijuana will no longer result in a suspension. Fail more than one test under the old system and you start facing fines and, eventually, suspensions. Under the previous CBA, punishment was the name of the game when it came to cannabis. Ten players per team were tested, at random, during every week of the season and every player was tested once during the offseason. Now, though, that annual offseason testing window has been cut back and players can only be tested during the first two weeks of training camp. Under the previous CBA, players could be tested at random at any time from April 20 — this is not a joke, that is the actual day the NFL settled on and yes, it is 4/20 — until August, when training camps got underway. Last year on 4/20, if an NFL player smoked weed, they could have been randomly tested the next day. The new CBA lets the players enjoy the holiday, and the day after, and the ones after that. They only need to get clean in time for camp. And, they don't need to be as clean as they did before. The new CBA raises the threshold for a positive test from 35 nanograms of THC to 150. For occasional users it could take close to a week after consuming cannabis to fall under the 35 nanogram threshold, but the 150 nanogram threshold shortens that window to a day or two. It's not just football players who can enjoy cannabis during quarantine, either. The NBA put a pause on drug testing for the duration of its coronavirus-induced shutdown. ♦ https://www.inlander.com/spokane/professional-sports-leagues-ease-the-rules-on-cannabis-during-lockdown/Content?oid=19607639 Bongme
  9. hi Mike Tyson reveals he smokes $40k cannabis monthly Boxing legend, Mike Tyson, has revealed that he smokes weed worth $40,000 every month, reports lowkickmma.com. At the age of 53, the legendary boxer has exposed the high costs of running a weed farm. Tyson is a former world heavyweight champion with a ranch in South California, where the recreational use of marijuana is legal. California legalized the medical use of Indian Hemp in 1996, with the recreational use of cannabis following in 2016. Since then, several people have ventured into the cannabis production industry. Nevertheless, the law requires individuals to be at least 21 years old to purchase, use, or have recreational marijuana. Thus, you must be of legal age to use cannabis, whether through smoking, eating, or vaping cannabis products in California. Tyson runs a 420-acre ranch where he grows cannabis in California. The former champion produces different cannabis products. His raw cannabis is used to make some of the best cbd oil from vapingdaily in the market today. He has also revealed that his ranch will soon be a weed-themed resort that will be free for members of the public to visit. He runs the ranch with Eben Britton, his business partner. During a podcast episode named ‘HotBoxing’ with Mike Tyson, the former champion disclosed the amount of this psychoactive drug they consume with his business partner. Eben Britton is a former NFL player and a marijuana advocate. The duo confessed that they smoke weed worth $40,000 a month. The global demand for the best full-spectrum CBD oil and related products is rising. The move to legalize the production and sale of recreational marijuana is considered a significant milestone in the process of mainstreaming it. Hundreds of people lined up to purchase the herb following its legalization in California. The boxing legend launched the Tyson Ranch after recreational marijuana laws became effective in 2018. His ranch sells nice cannabis flower strains and potent extracts. Tyson adds that the ranch will soon be selling edibles. It’s no secret that Tyson is living a high life after his retirement from boxing. His venture has proven that grass can sometimes be greener on the other side. The former heavyweight champion says that he will call his holiday resort the Lollapalooza of Cannabis. This ring legend launched a company called Tyson Holistic Holdings in 2016. He also owns the Tyson Cultivation School that teaches farmers how to grow different cannabis strains and even develop them. https://guardian.ng/sport/mike-tyson-reveals-he-smokes-40k-cannabis-monthly/ Bongme
  10. hi Local cannabis company donates 500 N95 masks India Amarina knows the importance of masks during a pandemic from experience. Before she became president of Pacific Grown Impact, the nonprofit arm of Carpinteria cannabis company Pacific Grown Organics, Ms. Amarina was in high school in Taiwan during its H1N1 outbreak. “We were in class every day, but this is a lot more precautions being taken. Obviously now we’re in a digital world, so it’s a lot easier to track these things and engage with social distancing. It wasn’t a reality when we had H1N1, but the masks were everywhere. Every student had them, every person had them,” said Ms. Amarina. “I’m well versed with having boxes and boxes and stocks of N95 masks.” When news of COVID-19 began to hit U.S. media, Ms. Amarina and Collin Dvorak, her husband and CEO of Pacific Grown Organics, put in an order for N95 masks so their company would be prepared for an outbreak in the States. The masks were delayed for months and only just arrived two weeks ago, but in that time Pacific Grown Organics was able to implement sufficient social distancing at its workplace and realized it would be best to give the masks to someone who could really use them. “We’ve been quite lucky because we’re not running as a large scale cultivation farm yet. We only have a skeleton set of staff, and they are all wonderfully flexible in managing switching around their shifts so they aren’t at the same time as somebody else. We’ve not had any problems thankfully. It’s not a problem for us and my heart goes out to these businesses who can’t implement social distancing while still functioning,” said Ms. Amarina. by Christian Whittle May 4, 2020 0 comment 0 comment 0 India Amarina knows the importance of masks during a pandemic from experience. Before she became president of Pacific Grown Impact, the nonprofit arm of Carpinteria cannabis company Pacific Grown Organics, Ms. Amarina was in high school in Taiwan during its H1N1 outbreak. “We were in class every day, but this is a lot more precautions being taken. Obviously now we’re in a digital world, so it’s a lot easier to track these things and engage with social distancing. It wasn’t a reality when we had H1N1, but the masks were everywhere. Every student had them, every person had them,” said Ms. Amarina. “I’m well versed with having boxes and boxes and stocks of N95 masks.” When news of COVID-19 began to hit U.S. media, Ms. Amarina and Collin Dvorak, her husband and CEO of Pacific Grown Organics, put in an order for N95 masks so their company would be prepared for an outbreak in the States. The masks were delayed for months and only just arrived two weeks ago, but in that time Pacific Grown Organics was able to implement sufficient social distancing at its workplace and realized it would be best to give the masks to someone who could really use them. “We’ve been quite lucky because we’re not running as a large scale cultivation farm yet. We only have a skeleton set of staff, and they are all wonderfully flexible in managing switching around their shifts so they aren’t at the same time as somebody else. We’ve not had any problems thankfully. It’s not a problem for us and my heart goes out to these businesses who can’t implement social distancing while still functioning,” said Ms. Amarina. Last week, Pacific Grown Impact donated all 500 of its N95 masks to VNA Health of Santa Barbara, ensuring that healthcare and hospice workers at the nonprofit will have proper Personal Protective Equipment. The move fits into Pacific Grown Impacts core mission to tie philanthropy with the blossoming cannabis industry in Santa Barbara County. “We essentially want to develop a workforce with long term investment in our local area in Carpinteria. Just making sure that cannabis is really set up with the right foot forward as we move into this new industry,” said Ms. Amarina. During the pandemic, Pacific Grown Impact has looked for other ways to support its workforce and the Carpinteria community, like its new community garden it is developing adjacent to its farm. During the coronavirus pandemic, a lot of families of Pacific Grown Organics workers are maintaining isolation with children at home, and Pacific Grown Impact has developed the community garden as a way to support them through the pandemic. “We have a neighboring property to our farm, which is uncultivated flat land, so we actually have been able to offer their children a scholarship to help build out a community garden and understand some of those scaled agricultural skills. That way they can come in in family lots and remain in isolation and we can maintain social distancing orders while still being able to give our families a full wage and support them getting through these tricky times,” said Ms. Amarina. Although there are no COVID-19 specific plans in the works for Pacific Grown Impact, Ms. Amarina said the nonprofit will continue to look for ways to support the community as Pacific Grown Organics finishes construction on its farm and greenhouse and secures the relevant permits. “We’re hoping to be at the forefront of the cannabis industry and be a poster child for what a greenhouse farm in Carpinteria should be,” said Ms. Amarina. https://newspress.com/local-cannabis-company-donates-500-n95-masks/ Bongme
  11. [ https:// www.marijuanamoment.net/lawmakers-push-congressional-leaders-to-include-marijuana-businesses-in-coronavirus-relief-bill/ ] MM: Lawmakers push congressional leaders to include marijuana businesses in coronavirus relief bill (2020-Apr-17) Earl Blumenauer, my pro-cannabic hero from USA since the Harper days!
  12. hi Cannabis Entrepreneurs Sue LA Over Process Approving Shops The group filed its suit about three weeks after an audit of the highly competitive process for handing out LA licenses for new pot shops was released. Marijuana entrepreneurs who want to open new pot shops in Los Angeles are suing the city, arguing that the application process for licenses was unfairly implemented, according to a newspaper report. The lawsuit by the Social Equity Owners and Workers Association asks a judge to require the city to vet each of the hundreds of applications submitted under a first-come, first-served process for licenses, the Los Angeles Times reported Saturday. Barring that, the suit seeks a new process that gives everyone “an equal, fair and transparent opportunity” to compete for a license. The group filed its suit about three weeks after an audit of the highly competitive process for handing out LA licenses for new pot shops was released. Hundreds rushed to submit applications in September, vying to be first in line for just 100 licenses that were expected to be awarded through the process. Mere seconds made the difference in whether someone had a shot, the newspaper said. When cannabis applicants discovered that some people started their applications before the official 10 a.m. launch time, many argued that the process had been tainted. City officials called for an audit scrutinizing what had happened, and the licensing process was put on hold for months. The audit by Sjoberg Evashenk Consulting found that although some applicants got into LA’s application system ahead of its official launch time, the city took “reasonable and appropriate” steps to prevent any unfair advantage — by pushing their applications back in line to where they would be if they began the process at 10 a.m. The city administrative officer, one of the top officials in Los Angeles, said the newly released report found “no evidence of bias or unfairness” and that the city should press forward with awarding licenses. Critics pointed out, however, that the audit also showed that the department had told some applicants they couldn’t sign onto the online system at all before 10 a.m., a necessary step before beginning their applications. That wasn’t accurate — and auditors found it could have put some marijuana entrepreneurs at a disadvantage because they waited to do so. The audit found that 226 applicants accessed the online platform before 10 a.m., although only 14 of them actually started their applications before that time. The lawsuit argues that those 226 applicants had a “significant advantage” over others who waited to log on. “Fundamental to any fair race is that the competitors must start at the same time or, at the very least, be given accurate information about when the race will begin,” the group argued. “The record demonstrates that this did not occur.” Attorneys representing both the group and one of its members, cannabis applicant Madison Shockley III, in the newly filed case did not immediately respond to a request for comment by the Times. The Department of Cannabis Regulation declined to comment. Rob Wilcox, a spokesman for Los Angeles City Attorney Mike Feuer, said their office would review the complaint and had no further comment. https://www.nbclosangeles.com/news/local/cannabis-entrepreneurs-sue-la-over-process-approving-shops/2348638/ Bongme
  13. hi SF mayor tells 4/20 crowds to stay away. But the cannabis party is going online instead Links at bottom for online evens... San Francisco Mayor London Breed has cleared the air and laid down the law over 4/20, the international cannabis holiday that was scheduled to be celebrated in Golden Gate Park on Monday, April 20. If you’re planning on coming to San Francisco, don’t. “We will not tolerate anybody coming to San Francisco for 4/20,” Breed said Monday, April 13, at a City Hall media briefing addressing the coronavirus pandemic that has forced the cancellation of large events like 420 Hippie Hill and San Francisco Pride this year. “It is not safe to gather in larger groups of people, in Golden Gate Park or anywhere else.” Breed added there will barricades and strict enforcement (citations and arrests, if necessary) around the park’s Hippie Hill and Robin Williams Meadow, the sites of celebrations that typically attract about 15,000 people from all over the globe. To be clear: 4/20 will not be tolerated this year. Do not come to San Francisco to celebrate. We will cite people. We will arrest people if necessary. Order food. Watch Netflix. Stay home and stay safe. pic.twitter.com/4w2T9XJrej And the outbreak isn’t just shutting down public puffing and passing in the Bay Area. Cannabis meccas like Denver, Vancouver and Toronto have also been forced to cancel 420 celebrations. But that doesn’t mean this year’s 4/20 is snuffed out. As with most everything these days — from work meetings held on Zoom to “Saturday Night Live” performed via video streams — major 4/20 events will be virtual this year, featuring activism and simultaneous smoke sessions featuring music, comedy, and culinary and cannabis luminaries streaming from remote locations. Instead of good vibes stoked by cannabis, these free, online-only events aim to promote fundraisers and organizations working to mitigate the devastating financial effects of the coronavirus pandemic. “The foundational idea of celebrating 420 is smoking cannabis together, separately, at both 4:20 every day and on 4/20 every year,” said East Bay cannabis activist Debby Goldsberry, owner of Magnolia Wellness and Hi Fidelity dispensaries. “4/20 is also a day to give back to COVID first responders.” Goldsberry helped organize “The Great American Sesh In,” a five-hour cannabis telethon benefiting coronavirus first responders that features headliners B-Real of the rap group Cypress Hill and comedian/musician Tommy Chong, among others. She said continuing to celebrate 4/20 is imperative this year. “Cannabis consumers are generally social people, and they are also online in large numbers,” Goldsberry said. “This is our first big chance to really be together, having a shared experience, even though we are separate and at home. It’s going to be a great chance to pause our worries and anxieties, and instead, enjoy the spirit and resilience of this community.” In addition to promoting donations to Direct Relief, a charity that provides essential protective equipment to health workers, the event encourages cannabis consumers to order online, easing in-store congestion on the essential industry’s busiest shopping day of the year. “We want consumers to shop early, and stay home to celebrate and donate,” Goldsberry said. Based on programming that was planned for the now-canceled fifth annual National Cannabis Festival in Washington, D.C., the Highstream 420 Festival is another virtual benefit event planned for Monday, this time for Crew Nation, a relief fund established by Live Nation, the country’s largest events promoter and venue operator. The six-hour event is expected to feature live-streamed music by cannabis culture icons like San Francisco rapper Berner and Grammy-winning rock artist Melissa Etheridge; comedy performances; panel discussions on criminal reform and veterans issues; chats with entertainers and industry figures; and instructional sessions on cannabis growing and cannabis cooking. “Not only will viewers enjoy free entertainment on 4/20,” said Caroline Phillips, president of the National Cannabis Festival, “but they’ll have the chance to donate to our partners, all while staying home and staying safe.” Berner, the entrepreneur behind popular Cookies brand cannabis, dispensaries and streetwear, is also set to participate in a live-streamed event called Higher Together, a music-comedy smoke sesh presented by dispensary directory Weedmaps to benefit the Last Prisoner Project. He joins the bill along with rapper Wiz Khalifa and country singer Billy Ray Cyrus. High Times’ Virtual 4/20, yet another event planned for the counterculture holiday, is scheduled to have live streams of workshops, cooking classes and e-sports events from homes and studios around the world featuring something dearly missed in these socially distanced times: intimacy. “The idea is really about connection,” said High Times spokesman Jon Cappetta. In San Francisco, Urbana dispensaries in Bernal Heights and the Richmond District will also live-stream DJ sets, panels and more starting Friday, April 17. While production values and technology platforms will vary by event, those participating in the virtual festivals will abide by social-distancing protocols to avoid further spread of COVID-19. “All live content will be produced wherever the talent happens to be,” said Jim Lewi of Red Light Management, the Emerald Cup’s production partner. “We are not asking anyone to break shelter in place.” With typical 4/20 plans canceled, Berner — whose joint album with B-Real comes out Friday — said he hopes everyone can still make the best of the holiday. “Whether it’s on FaceTime with the homies, (Instagram) Live or another platform,” Berner said, “the point is, the herb will still find a way to connect us like it always has.” Virtual 4/20 events Urbana 420 House Party: Friday-Monday, April 17-20. Check urbananow.com for schedule and access information. The Great American Sesh: Noon-5 p.m. Monday, at Twitch.TV/TheGreatAmericanSeshIn. For more information, go to www.thegreatamericanseshin.com. High Times’ Virtual 4/20: Noon-8 p.m. Monday. www.hightimes.com Higher Together: Noon-5 p.m. Monday. www.weedmaps.com/420 Highstream 420 Festival: 1-7 p.m. Monday. www.highstreamtv.com https://outline.com/VqBM5n Bongme
  14. Hi Raises, professional development courses boost cannabis workers’ morale during COVID-19 pandemic n states where cannabis businesses have been deemed essential, employees at many companies are being asked to continue working, putting themselves at risk of infection from the coronavirus. In response, their employers are taking a variety of measures to keep up morale. Some of the morale-boosting measures companies are taking include: Giving bonuses and raises. Handing out gift cards. Increasing internal communication and breaking down silos. Implementing safety measures to protect employees. Offering education and training courses. Reimbursing employees for transportation costs. Engaging ownership and management in day-to-day operations. Showing employees the money Jushi Holdings, a multistate marijuana and hemp operator based in Boca Raton, Florida, has given its retail and dispensary employees a $2-an-hour raise. Salaried management employees also receive an extra $2 an hour for time spent in dispensaries or retail stores. Jushi’s Pennsylvania dispensaries don’t have parking lots, so employees take public transportation to work, said Nicole Upshaw, the company’s vice president of human resources. When employees heard that police would not arrest people for nonviolent crimes, they no longer felt safe taking public transportation. So Jushi started covering Uber rides to get its employees to work and back home – a practice it has continued to reduce the chances of employees contracting COVID-19 on public transportation. The company also has sent boxed meals and cookies with a note thanking its employees for working during the pandemic. “You’ve got to think of little ways to surprise and delight them,” Upshaw said. “We’re making sure we’re constantly thanking them for what they’re doing and remind them of the purpose we all serve.” Anna Shreeve, managing partner at Seattle marijuana retailer The Bakeréé, said many of her employees are afraid of working so she’s giving bonuses to those who work a full two-week pay period. “We have diligently worked through various employee issues like day care, high-risk household members and a variety of other personal reasons that impact work coverage,” Shreeve said. “This is the least we can do to address these difficult times.” Providing free samples, Netflix subscriptions Seed & Smith, a vertically integrated cannabis company in Denver, is providing its entire team with samples from production and processing on a weekly basis, CEO Brooks Lustig said. “We have always had fun, as a team, discussing these genetics and concentrates, so we are hoping this will keep that conversation going,” Lustig said. “It also helps staff that require cannabis as medicine to not have to worry about that cost right now.” To incentivize the stay-at-home policy, Seed & Smith is providing employees with a Netflix subscription to keep them indoors and “up to date on the ‘Tiger King’ (miniseries),” Lustig said. “While there are certainly costs associated with these incentives and programs, Seed & Smith is currently only interested in keeping employees safe and healthy during this crisis,” Lustig said. “Anything we can do to make our team safer and potentially happier is not only smart business but the right thing to do.” Increasing communication Oakland, California-based Vertosa, which makes active ingredients for infused product manufacturers, has switched its meeting schedule to higher frequency and shorter duration in an effort to keep its team engaged, CEO Ben Larson said. “No. 1 is keeping the human connection,” he said. “It’s really easy to downward spiral if you think too much. “We’re not working people harder but keeping people engaged and on task.” Vertosa also has been hosting virtual happy hours and rewarding employees who are working in the lab with $250 gift cards to places that suit their personalities and lifestyles – Nike for the runner and Best Buy for the tech enthusiast. Offering professional development Vertosa also is encouraging its employees to use their downtime to take professional development classes and training courses such as ServSafe Food Handler certification. Larson said the company is spending an average of $1,000 a year on various classes for each of its 15 employees. “We tell them, ‘Let us know what interests you, and within reason, the company will back you,’” he said. Zion, Illinois-based Lifted Made, a producer of CBD-infused products and devices with about 20 employees, is encouraging self-care and professional development by giving its staff books, founder and CEO Nick Warrender said. “We’re encouraging them to have a morning routine, to eat well and rest well,” Warrender said. “When it’s time to go, we’re going to be firing on all cylinders.” At Oakland, California-based Nug, a vertically integrated cannabis business with dispensaries in Sacramento and San Leandro, making sure all employees know they’re needed is one of the keys to boosting morale, Chief Business Officer Michael Werner said. The coronavirus pandemic also has helped to break down silos between employees and their job duties. “We have the grow team, then we’ve got the lab team, and they don’t (interact),” Werner said. “The packaging team is all Chinese, and they don’t speak English. “Some of the lab team is helping the packaging team, and executives are helping in the grow. It’s breaking down borders internally, and people are seeing different parts of the company. That’s pretty cool.” Margaret Jackson can be reached at margaretj@mjbizdaily.com For more of Marijuana Business Daily’s ongoing coverage of the coronavirus pandemic and its effects on the cannabis industry, click here. https://mjbizdaily.com/incentive-plans-boost-cannabis-workers-morale-during-covid-19-pandemic/ Bongme
  15. Hi Virginia Governor Signs Cannabis Decriminalization Bill into Law Virginia Gov. Ralph Northam signed legislation April 12 to decriminalize the simple possession of cannabis, according to a WJLA report. The decriminalization measure, which is an amendment to House Bill 972, reduces the penalty for the possession of up to one ounce of cannabis to a $25 fine. Records and convictions will be sealed under the new law, and employers are now prohibited from looking into past convictions, WJLA reported. Prior to the new law, those convicted of cannabis possession could face a 30-day jail sentence and a fine up to $500 for the first offense. “Virginians have long opposed the criminalization of personal marijuana possession, and Gov. Northam’s signature turns that public opinion into public policy,” NORML Development Director Jenn Michelle Pedini, who also serves as the executive director of the state affiliate, Virginia NORML, said in a public statement. The legislation also establishes a workgroup to study the impact of adult-use cannabis legalization in the state, according to WJLA, and Northam has requested a report from the workgroup by Nov. 30, 2021. Virginia looked poised to legalize adult-use cannabis this year when Del. Steve Heretick announced plans last fall to file a cannabis legalization bill in 2020, after this first attempt stalled in the legislature last year. Virginia Attorney General Mark Herring also announced his support for adult-use legalization last year, vowing to work with state leaders toward policy reform. https://www.cannabisbusinesstimes.com/article/virginia-governor-signs-cannabis-decriminalization-bill-into-law/ Bongme
  16. hi The Joint Cannabis has employed new methods for cannabis purchases The Joint Cannabis in Assiniboia has responded to the COVID-19 crisis by offering different ways for their customers to purchase cannabis. With social distancing in mind, the shop on 420 Centre Street has encouraged their customers to shop online through their click and collect service after browsing their website. Store hours are changing as with many other goods and services operations throughout the country, but the latest and most up-to-date hours for The Joint Cannabis are available on the store’s website. Before customers browse for products on the website at www.thejointcannabis.ca, they should click onto the oval-shaped location icon in the upper right corner beside Saskatchewan. Next, customers must enter their dates of birth and ages to ensure they are 19 years of age and over. Additionally, customers should enter the province they are residing in prior to browsing or making purchases. Upon checking out after making their selections, Joint Cannabis customers have two choices to receive their products. They can call their orders in and collect them after paying with debit or credit cards at the store, or they click on their orders, pay for them on the website then collect them at the store via their curbside pickup service. No matter how the payments are made, be sure to always phone the store ahead before picking up orders. When selecting the curbside service and making in-store payments, call the shop at 306-642-4420 after browsing for choices on the website. The staff will verify the availability of the product(s) ordered then call back with an order number, a pickup time and pickup instructions. All website promotions will apply to orders. When entering the store to collect an order, provide ID and ensure to follow all social distancing requirements. The staff at The Joint Cannabis want to avoid line-ups inside the store in respect to social distancing, so beware of this before attending the shop in person to collect orders. Remember, payments by debit or credit cards are preferred instead of cash. Note that online orders can also be placed for delivery via Purolator. Although The Joint Cannabis can ship orders, they don't peform local deliveries. https://www.assiniboiatimes.ca/community/the-joint-cannabis-has-employed-new-methods-for-cannabis-purchases-1.24117212 Bongme
  17. Hi No federal relief: Cannabis businesses cry for help as coronavirus batters industry Wanda James sold more cannabis two weeks ago than she usually does on April 20 — the day many marijuana users have come to consider their holiday — after Denver's mayor announced that recreational cannabis shops like hers would have to shut down to help slow the spread of the coronavirus. "There was a huge rush. It felt like people were starting to hoard," said James, who opened her shop, Simply Pure, in 2016. "Everyone was buying cannabis and toilet paper." But since Mayor Michael Hancock quickly reversed himself and exempted the stores because they were getting swarmed by anxious customers, causing long lines that violated social distancing guidelines, her sales have fallen off a cliff. She hasn't been able to get a delivery license from the state yet, and customers, who might be getting laid off and spending more judiciously, aren't coming through the doors. Now, with additional social distancing measures in place statewide that require businesses to cut staff by at least 50 percent, she's had to lay off employees and is asking her landlord for a temporary cut in rent. James says her store should have the same opportunities for federal financial relief that other small businesses are getting to help them through the crisis, such as the $350 billion small-business loan program that Congress passed late last month. But her shop and others in the 34 states that have legalized medical or recreational marijuana can't qualify for the assistance because the federal government still considers their product illegal. The problem is compounded by their inability to get loans because banks are afraid to violate federal law by doing business with them. They can't even take federal tax deductions for expenses as other businesses do because of cannabis' illegal classification. The industry has been among the fastest growing in the U.S., accounting for about 243,000 jobs and $13 billion in sales last year, according to cannabis industry figures. But it is facing a potentially crippling financial crisis as it grapples with how to get products to customers amid and with fears about a possible slowdown in private investment, the industry's traditional source of funding, because of the pandemic. "Like all consumer goods cannabis sales have been on a wild ride these last six weeks, with panicked buying, business operations changes, and state travel and store restrictions," said Liz Connors, director of analytics at Headset, a cannabis market research company. After sales increased to twice there normal levels in mid-March, most states have seen those numbers taper off, Connors said, with some, like Colorado and Nevada — which are heavily reliant on tourism — seeing a dramatic declines that pushed sales into the negative compared to the same time last year. While legislation moving through Congress would ease funding problems and legalize marijuana, industry players are uncertain whether the pandemic will be the catalyst to get the bills passed. "We're hoping that common sense prevails here," James said. "Even though the federal government wants to deem us illegal in nature, I think everyone knows we aren't running an illegal business." Full coverage of the coronavirus outbreak Steven Davenport, the founder of the cannabis market research firm Aperture and a policy analyst at the Rand Corp., said the pandemic is only going to add to the struggles of smaller cannabis businesses that can't quickly switch to delivery or curbside sales — possibly forcing them to close permanently. "Small businesses who can't afford to endure longer periods of low prices or disruptions in revenues will probably look to be acquired in order to preserve their financial health," Davenport said. Brandon Pollock, co-owner and CEO of Theory Wellness in Great Barrington, Massachusetts, said he isn't sure how long his business can endure. While two of his stores have been able to stay open selling cannabis to medical customers, recreational sales, which make up about 90 percent of his business, were deemed nonessential by Republican Gov. Charlie Baker. "Every company in Massachusetts right now has an uncertain future," Pollock said. "It's very scary to think about, because no one can afford to continue to operate a business without revenue." To save money, he and his business partners stopped taking salaries and furloughed more than half of their 200-person staff. While Pollock said federal assistance would help his business stay afloat, he doesn't think the U.S. government will go there; so, with other cannabis businesses, he's lobbying the governor to exempt recreational sales from the stay-at-home order. Businesses are also seeking help from their state governments in other parts of the country where the sale of recreational marijuana is considered essential. Crystal Oliver, executive director of the Washington Sungrowers Industry Association, which represents nearly 50 mainly small, independent marijuana businesses, has been meeting with state officials to see whether there's anything they can do. "It seems like money could be freed up or made available to help support us during this time, especially because other businesses are going to have their needs met by the federal government," Oliver said. Even bigger players in the industry are feeling squeezed. Because marijuana is a controlled substance under federal law, those businesses can't get access to federal loans, and banks, which are overseen by the federal government, are skittish about doing business with them. As a result, cannabis businesses often fund their operations with venture capital, which might not be so forthcoming in an economic downturn. Kris Krane, president of 4Front Ventures, a cannabis company with retail operations in eight states, hasn't had to lay off any of his 700 employees, but he is concerned about raising capital. Over the past year, finding private investors has been challenging, he said, and he believes it won't get any easier during the coronavirus crisis and its aftermath. "If we could access just regular lines of credit from banks and lending institutions, it'd be a game changer for the entire industry," Krane said. Justin Strekal, political director of the National Organization for the Reform of Marijuana Laws, commonly known as NORML, also thinks the lack of investment would have catastrophic consequences. "As a result of federal prohibition, this industry receives discriminatory treatment like no other sector of the economy," he said. Congress is considering legislation that advocates say could resolve the issues. One bill, which has passed the House, would bar federal regulators from penalizing banks that work with marijuana-related businesses, while others would legalize the drug and prohibit the Small Business Administration from declining to provide them business loans. Rep. Ed Perlmutter, D-Colo., the sponsor of the banking-related measure, said the bill would help these businesses survive the crisis, adding that while most cannabis dispensaries have been deemed essential during the pandemic, he's talked to numerous shops that have had their supply chains disrupted by the outbreak. "The SAFE Banking Act is about reducing the public safety risk for these businesses and our communities and would ensure these legal businesses and their employees can access financial assistance during this crisis," he said. A spokesperson for the lawmaker also said he "continues to look for ways to provide support for cannabis businesses and their employees in future relief packages" being considered by Congress. It's unclear to industry advocates whether any of the bills will gain traction given the slew of other problems lawmakers and the Trump administration are dealing with as they try to fight the coronavirus and minimize its economic damage. Michael Wheeler, vice president of policy initiatives for Flow Kana, a major industry player, says the time is ripe for action. It's important that all industries have the opportunity to grow following the crisis, he said, adding that lawmakers "know exactly what it is that's limiting the cannabis industry from growing." https://news.yahoo.com/no-federal-relief-cannabis-businesses-115307713.html Bongme
  18. hi New York’s Budget Is Due Today. Cannabis Legalization Looks Unlikely. Governor Andrew Cuomo again proposed adult use legalization in his budget, but coronavirus has taken center stage, and key lawmakers tell Cannabis Wire it’s “off the table.” As the window to legalize adult use cannabis through the budget process closes in New York, its chances become more slim. While New York Governor Andrew Cuomo’s office told Cannabis Wire that Cuomo is “actively negotiating” a budget that includes adult use cannabis legalization, key lawmakers involved in budget negotiations are signaling that legalization is a no-go, at least for now. Sen. Liz Krueger, who represents the east side of Manhattan, is perhaps the single strongest cannabis legalization supporter in the legislature. When asked where legalization discussions stood hours before the budget deadline on April 1, Krueger’s spokesperson Justin Flagg told Cannabis Wire, “Well, nothing is done until it is done, but the Senator has said previously that the Governor’s staff essentially took marijuana off the table weeks ago.” Cuomo first tried to legalize cannabis through the budget in 2019. While negotiations between Cuomo and top lawmakers failed by the budget deadline, and lawmakers alone also failed to come to a consensus by the session’s end, the public debate over legalization shifted: it was no longer a matter of if New York would legalize adult use, but how. Among the reasons that legalization efforts failed in 2019, for example, was disagreement over equity provisions, and specifically how to repair harms caused by the disproportionate enforcement of cannabis laws in communities of color. Assembly Majority Leader Crystal Peoples-Stokes, who represents parts of western New York, including the city of Buffalo, remained vocal last year as lawmakers tried to hammer out these specific details. This year, coronavirus concerns have pushed most other issues off lawmakers’ plates. “Unfortunately, the Majority Leader is not commenting on [legalization] as it relates to the budget negotiations at this time,” Kevin Jolly, press secretary for Peoples-Stokes, told Cannabis Wire. “While lawmakers are working diligently to pass a budget, they’re also focused on doing everything they can working with the Governor and in their respective districts to ‘flatten the curve’ of this pandemic.” On March 16, when asked about legalization discussions, Jolly indicated to Cannabis Wire that coronavirus concerns had taken center stage with lawmakers. “Right now, everything is fluid as it relates to the state budget process; the Majority Leader is working alongside her fellow lawmakers to make sure that despite this public health crisis, that government continues to function and be funded to provide both necessary daily and emergency services,” Jolly said. State Sen. Diane Savino, who represents areas of Staten Island and Brooklyn, told Cannabis Wire on March 19 that, “In light of the current crisis, there does not seem to be any appetite to take up issues that are not either related to the relief efforts, or the spending plan. As such, the issue of the adult use marijuana proposal has been withdrawn from discussion by all parties. I really have no idea what the next step will be and doubt they do either.” In late January this year, Cuomo again placed adult use legalization among his legislative priorities in his budget plan. “Legalize adult use cannabis,” Cuomo said during his January 21 budget address. “I believe it is best done in the budget, I said that last year. I believe the budget is the opportunity, frankly, to make some tough decisions and work through tough issues that without the budget can often languish.” January was a very different time for New Yorkers, long before the state became the eye of the storm in the US as COVID-19 spread. Since then, Cuomo’s focus has turned to daily briefings about the state’s desperate need for more ventilators and masks, pop up hospital tents in Central Park, and the USNS Comfort, a 1,000 bed ship that arrived in New York on Monday to help relieve the city’s medical centers, which are bursting with patients. By Monday evening, the state had recorded 67,227 positive cases of coronavirus, and 1,342 deaths related to the virus. What’s next for legalization in New York? The 2019 effort pivoted from the budget to the legislature. That could happen this year, too, though many legislatures have suspended or reduced activity for the near future, and are focused on COVID-19 response, not cannabis,as Cannabis Wire has reported. Krueger’s “plan B remains the same,” Flagg, Krueger’s spokesperson, told Cannabis Wire. Krueger “has always said that it’s important not just to get legalization done, but to get it done right. If it can’t get done in the budget in the middle of a public health crisis that is also a fiscal crisis, there is no reason the legislature can’t negotiate and pass a nation-leading legalization model when the immediate crisis is over.” Cuomo has also pushed for a “northeast approach” to legalization and vaping policies, urging lawmakers and governors in states like Connecticut, Pennsylvania, and New Jersey to link arms to form similar rules for cannabis. To this end, Cuomo held a cannabis policy summit in October in Manhattan. In short, lawmakers expect a domino effect in the northeast when it comes to legalization. But while “there is a desire to do this,” Cuomo said during a news conference at the start of the Regional Cannabis Regulation and Vaping Summit in October, “the devil is in the details. It can be a positive if done right, negative if done incorrectly.” https://cannabiswire.com/2020/03/31/new-yorks-budget-is-due-today-cannabis-legalization-isnt-looking-likely/ Bongme
  19. Hi New York: Medical cannabis ‘essential,’ not subject to closures New York state health regulators on Tuesday declared licensed medical cannabis businesses to be “essential” services, allowed to remain open if nonessential businesses are ordered to close because of COVID-19. Although New York is just one jurisdiction, it could be a signal for how other states will treat licensed MMJ businesses during the coronavirus pandemic. Some businesses across the country have been concerned that they could be forced to close temporarily, putting both their financial health and patient health at risk. For example, the city of San Francisco on Monday ordered all marijuana businesses to cease operations, deeming them “nonessential.” Later, however, it reversed its decision and said they were essential operations and could re-open. In New York Department of Health guidance , regulators strengthened safety and health protocols for registered MMJ businesses. Key aspects include: Allowing operators to dispense from the doors of their facilities, as long as exchanges are on camera and patient ID cards are validated. Permitting operators to expand home delivery without prior approval until April 16 (for those already approved for home delivery). The state recommends delivery drivers wear masks and gloves and use their own pens for signatures. Encouraging businesses to have patients set up appointments in order to avoid overcrowding in dispensaries. https://mjbizdaily.com/new-york-medical-cannabis-an-essential-service-not-subject-to-covid-19-closures/ Bongme
  20. Hi This virus is best moneymaker ever Maybe we should do it more often Coronavirus Fears Drive Cannabis Delivery Sales Higher he nation's rapid shift into social distancing and isolation has been lousy for most segments of the U.S. economy, but one niche seeing significant growth in recent days is the licensed cannabis sector, home to companies like Curaleaf (OTC:CURLF), and Cresco Labs (OTC:CRLBF). During the week that ended March 13, retail locations across the country's largest legal cannabis market, California reported increasing delivery sales. Employees at privately held Ganja Goddess, a delivery service provider operating in California, say they have seen a 10% increase in sales each week for the past three weeks. California declared a state of emergency on March 4 after reporting the state's first death from a COVID-19 infection. In Florida, another state where Curaleaf and Cresco have significant operations, Gov. Ron DeSantis on March 7 escalated the state of emergency from level one to level two. First-timers Delivery services have in recent years become the norm for most retail products, but cannabis consumers generally want to see what they're buying up close before committing to a purchase. However, the COVID-19 fear hanging over the country like a dark cloud might be just what it takes to push cannabis buyers to try a dispensary-associated delivery service for the first time. Either way, it could be a while before investors know if the publicly traded cannabis producers are experiencing a social-distancing-induced sales bump. On March 24, 2020, Curaleaf will report results from the fourth quarter of 2019, and Cresco Labs hasn't announced a date for its fourth-quarter earnings release yet. https://www.fool.com/investing/2020/02/26/nevada-issues-health-advisory-tainted-marijuana.aspx Bongme
  21. hi Coronavirus slows, but does not stop, marijuana sales around Michigan WALLED LAKE – The coronavirus didn’t stop marijuana shops from opening their doors this weekend for a steady stream of people looking to score some legal weed. The Greenhouse of Walled Lake, however, scaled back plans for a big grand opening party Saturday to mark the beginning of recreational sales with fireworks, food trucks, bands and a huge heated tent. The tent was to be used as a waiting area for what was expected to be long lines of people waiting to be among the first to buy recreational marijuana in Oakland County. Greenhouse employee Jeremy Alain, 27, of Walled Lake rings up the order that Gustavo Amezola, 23 and girlfriend Gabrielle Butler, 23 both of Wixom placed on the opening day for recreational users at Greenhouse, one of the first Oakland County marijuana dispensary that opened up on Saturday morning, March 14, 2020. Eric Seals, Detroit Free Press Most everything was canceled when it became clear that COVID-19 was going to put a damper on the high times. The tent remained up to check in people, but the long lines hadn’t really materialized as the doors opened at 9 a.m. And there was plenty of hand sanitizer in the tent and at every selling station inside the shop. “The opening today is soft because of the coronoavirus situation. It’s just not appropriate to have a celebration,” said Jerry Millen, owner of the marijuana shop. “People have been waiting for more than a year for the Greenhouse to open for recreational. The opening is smaller and more curtailed than we planned, but that’s OK. We’ll have a party this summer.” Jerry Millen, is the owner of Greenhouse, one of the first Oakland County recreational marijuana dispensary that opened up on Saturday morning, March 14, 2020. Eric Seals, Detroit Free Press Christopher Merics wasn't going to wait until the summer to make a pot purchase. “3:30 a.m.,” the Wixom resident said, proudly noting the time he got in line in downtown Walled Lake. “I just wanted to be the first legal sale in Oakland County.” Merics started smoking pot in high school and said it was “incredible” to be able to buy marijuana legally. He wasn’t too worried about the potential spread of coronavirus. “I’ve always washed my hands.” People placing orders for recreational marijuana in the back of Greenhouse which is one of the first Oakland County recreational marijuana dispensary that opened up on Saturday morning, March 14, 2020. They were letting three people in at a time to control the amount of people inside as several budtenders and cashiers helped answer questions and ring customers up. Eric Seals, Detroit Free Press He actually wasn’t the first legal sale of recreational marijuana in Oakland County. That went to customers at Breeze in Hazel Park, which opened its doors last weekend. Mike, who has been using marijuana off and on for 15 years, but didn't want to give his last name, said common sense is key when venturing out during the threat of COVID-19. "As long as you listen to what grandma and mom taught you — wash your hands and cough into your arm — you'll be just fine," he said, while waiting in line at Greenhouse. At the Flower Bowl, an Inkster medical marijuana dispensary that added recreational sales on Friday, the first customer in the door wore a face mask. “Every person gets a squirt of hand sanitizer when they come in,” said Moe Abbas, the general manager of the shop. “We’re wiping down everything with Lysol and limiting the number of people in the bud room.” At Humblebee in the northern Michigan town of Frederic, recreational sales started this week, but one of the owners, Chris Norman, stayed home this weekend because she’s over 60. And at Lume Cannabis Company, which started recreational sales on Wednesday in Big Rapids, added services are helping to prevent the spread of coronavirus. "This includes offering free delivery to customers over the age of 60 at our stores in Big Rapids, Honor and Evart, increased efforts to maintain the cleanliness of our stores and implementing a policy where customers can no longer touch or smell the cannapods that hold our flower," said John Gregory, chief marketing officer of Lume Cannabis Company. The shops joined dozens of other marijuana dispensaries in Michigan that have begun selling recreational marijuana to anyone 21 or older. Those sales started on Dec. 1 and 71 shops have been licensed by the state to sell legal weed, with at least 52 of those actually selling a variety of products from marijuana flower to concentrates and vapes to edibles and other infused products. In the first three months of sales in Michigan, nearly $32 million in marijuana products have been sold, generating $5.3 million in revenue to the state from the 6% sales tax and the 10% excise tax. Of the 52 shops that have opened around the state, only five are in metro Detroit — two in River Rouge, and one each in Inkster, Walled Lake and Hazel Park. Macomb County is without any recreational marijuana shops because most of the county’s communities have decided they don’t want legal weed businesses in their communities. Clinton Township voters turned down a ballot proposal on Tuesday that would have allowed a dozen pot shops and up to 12 other types of marijuana businesses into the township. Harrison Township has agreed to allow marijuana growers into the township, but not retail shops. According to an unofficial list developed by the Michigan Marijuana Regulatory Agency, 1,425 communities have decided they don’t want marijuana businesses in their towns, while at least 42 have passed ordinances that will allow pot businesses. Many cities, including Detroit, decided against allowing in legal weed businesses until they can develop ordinances. But several metro Detroit communities are either working on ordinances that will allow marijuana businesses or deciding which businesses will get permits, including Detroit, where 41 medical marijuana dispensaries already operate, Warren, Westland, Ferndale, and Pontiac. Others are waiting to see how the legal weed businesses are doing in other communities before deciding whether they’ll jump on the pot bandwagon. Contact Kathleen Gray: 313-223-4430, kgray99@freepress.com or on Twitter @michpoligal. https://eu.freep.com/story/news/marijuana/2020/03/14/coronavirus-michigan-marijuana-sales-weed/5050404002/ Photos Bongme
  22. hi Cannabis Stores Prepare for Coronavirus as Buyers Stock Up on Pot While They Can Customers are taking fewer trips to dispensaries as COVID-19 continues to spread. Retail stores across the United States have seen an influx of traffic as Americans seek to stock up on basic supplies. Cannabis retailers have seen a similar trend, with many consumers choosing to make fewer trips to dispensaries, instead opting for larger, less frequent purchases as COVID-19 fears grip the country. Cannabis businesses have responded to the ongoing COVID-19 outbreaks with precautions of their own. This includes increasing sanitation standards for employees, giving priority to medical marijuana patients when needed, and postponing grand openings of new stores. Many companies are encouraging buyers to opt for online ordering, drive-by purchases, and home delivery options where possible. PharmaCann, an Illinois-based multistate operator, confirmed that while it intends to continue serving recreational and medical markets, the company would prioritize medical patients ahead of adult-use sales if it comes down to that. Other companies are likely to follow a similar policy. A tough time for pot stocks Cannabis companies had a difficult 2019, with major pot stocks tumbling across the board. While some hopeful investors expected that 2020 would be the beginning of a turnaround, the emergence of COVID-19 onto the public scene seems to have dashed those hopes. Tilray (NASDAQ:TLRY) saw its shares tumble around 32% on Friday, although this loss had little to do with COVID-19. Instead, the cannabis giant had issued CA$90.4 million worth of stock at $4.76 per share in an effort to raise money. Even before this announcement, however, Tilray's stock price had plummeted significantly over the past month. https://www.fool.com/investing/2020/03/15/cannabis-stores-prepare-for-coronavirus-as-buyers.aspx Bongme
  23. Hi For Cannabis Companies, Coronavirus Threatens To Smoke Cash Flows n a world suddenly disrupted by coronavirus (COVID-19) and its fallout — anxiety, the market free fall, increasing instances of self-quarantine and a consumer stampede every time hand sanitizer reappears on store shelves — the cannabis startup universe is no exception. “The way that we are changing our business is that we are not doing live meetings or attending or speaking at events,” shared Wendy Robbins, half of the entrepreneurial duo (with Karen Paull) behind Amazon Prime’s The Marijuana Show. “We’re not producing videos outside of our home, not travelling,” Robbins reported by email of hers and Paull’s new business routine. “Our biz now is 100 percent on the phone or Zoom for video meetings.” Robbins and Paull are hardly alone: “We’re in the middle of this capital crunch – this Darwin phase, we like to call it,” Morgan Paxhia, managing director of Poseidon Asset Management, told MJBiz Daily. Paxhia said that the already-tight outlook for capital in the cannabis industry is being exacerbated by the virus and could result in some companies in the category failing altogether. Of course there’s the Small Business Administration’s recent offer, to designated states and territories, of low-interest federal disaster loans.These loans would provide working capital to small businesses suffering substantial economic injury as a result of the coronavirus. And that might help cushion the blow for cannabis companies. But capital flows aren’t their only problem. “It is my opinion that the coronavirus pandemic has and will continue to affect many aspects of the global supply chain,” Danny Davis, CEO and founder of Offstage Holdings (investing in hemp extraction and CBD companies), predicted by email. The reason for disruption in the supply chain, he explained, is China. Cannabis companies rely on China as a major provider of hardware in their industry. Aggravating the problem, Davis said, has been the timing. Coronavirus was identified as an epidemic in China not long before the January 25 Chinese New Year. Companies in the city of Shenzhen that source hardware for U.S. hemp manufacturers were shut down due to the celebrations combined with the epidemic (now a pandemic) and did not start back to work until February 17. That was two-plus weeks later than expected, Davis said. “Thus, less employees working, the late start on many pending projects and continued uncertainty have created a perfect storm for supply-chain derailment,” Davis said. The result, the CEO continued by email, has been that many companies have begun efforts to source locally, “which I believe will drive up costs and delivery timelines. “I am aware of major delays for R&D projects due to the lack of workers returning from Chinese New Year due to the back-to-back nature [with the] coronavirus. While work has resumed in major areas like Shenzhen, the backlog due to the virus is causing extended timelines and lower factory output efficiency due to continued labor shortages,” Davis said. This potential for disruption, he said, is why his own company decided some time back not to import raw material, and to employ patent-pending label technology to ensure customers of U.S.-level lab quality and transparency in sourcing. And the cannabis supply itself? MarketWatch reported that, “Thus far, the cannabis supply does not appear directly threatened.” Dwight Blake, editor of AmericanMarijuana.org, a CBD-reviewing site, took a different view. “China is one of the leading hemp growers in the world,” he wrote by email. “They grow the hemp despite all marijuana products being illegal at home. The hemp they grow is for export, and a reduction of the output will negatively affect the availability of hemp and hemp products in the United States and the rest of the world.” Whatever the eventual outlook for cannabis companies, the impact on scheduled meetings has been clear: · The SXSW festival which had scheduled a cannabis business track with speakers from Marijuana Business Daily was cancelled. · The American Herbal Products Association’s Hemp-CBD Congress and Dietary Supplement Regulatory Summit was postponed. · The European marijuana business conference Spannabis Barcelona was postponed for several months. Besides these events, MJBiz Daily reported, there’s been the cancellation or postponement of the International Cannabis Business Conference in Berlin and CannaTech in Tel Aviv. All these factors, plus people’s underlying anxiety, have led to uncertainty in the industry and to industry leaders thinking about something other than their bottom line. Robbins, from The Marijuana Show, put it this way: “We’re all in for a wild ride, where self-care and solitude will be the norm.” https://www.forbes.com/sites/joanoleck/2020/03/13/for-cannabis-companies-coronavirus-threatens-to-smoke-cash-flows/#2f71c03a6a11 Bongme
  24. hi If Trump Is Reelected, Cannabis Reform Is Dead Until 2025 A number of clues suggest federal marijuana reform efforts will fall flat if Donald Trump wins the 2020 election. For years, cannabis has been one of the fastest-growing industries on the planet. It's helped to create approximately 243,700 full-time equivalent jobs as of January 2020, according to cannabis website Leafly. Worldwide weed sales also more than tripled to $10.9 billion between 2014 and 2018. Although estimates vary wildly, Wall Street is looking for the pot industry to generate at least $50 billion in global sales by 2030, which offers plenty of promise for the industry and marijuana stock investors. However, the green rush is limited in most countries by federal regulations, and that glass ceiling is definitely in place within the United States. Marijuana's Schedule I classification is constraining growth in the U.S. In the U.S., marijuana remains a Schedule I substance at the federal level. In layman's terms, this means it's an entirely illegal drug that's prone to abuse and isn't recognized as having any medical benefits. Mind you, this classification hasn't stopped 33 states from legalizing medical marijuana, and 11 of them also allow the adult consumption and/or retail sale of weed. But it nevertheless leads to a number of industry constraints that wouldn't be in place if the federal scheduling of cannabis were changed. For example, cannabis companies have limited access to basic banking services, which includes everything from a line of credit or a loan to something as simple as a checking account. Since banks and credit unions fear the possibility of financial or criminal penalties from the federal government for aiding pot-based companies, some are forced to operate as cash-only businesses. Using only cash is a safety concern for marijuana companies and can limit their ability to order product or expand. Marijuana businesses are also subject to Section 280E of the U.S. tax code, which was implemented in the early 1980s to ensure that drug smugglers couldn't write off their illicit operating expenses on their federal income tax filings. Since marijuana is a Schedule I drug, profitable cannabis companies are subjected to this portion of the tax code, which can expose them to an exceptionally high effective tax rate and further hamper their ability to hire workers and grow their operations. With a record-tying 66% of Americans polled by Gallup favoring the nationwide legalization of pot, as of October 2019, it would seem logical that Congress and the president would look for a way to amend marijuana's existing scheduling. But the fact is that if President Trump is reelected to a second term, the idea of cannabis reform would almost certainly be dead until he leaves office in January 2025. If Trump is reelected, say goodbye to federal marijuana reform for four more years While President Trump has proved amicable to the idea of allowing states the opportunity to decide their own fates on medical and/or recreational weed, as well as regulate their industry if they choose to legalize, he's offered a number of clues to suggest that he's not in favor of altering the drug's current federal classification. For instance, Trump initially hired former Alabama Sen. Jeff Sessions to be attorney general. At the time of his hiring, Sessions was arguably the most ardent opponent of cannabis legalization on Capitol Hill. The now-former attorney general even went so far as to send a letter to a handful of his congressional Republican colleagues requesting that they repeal the Rohrabacher-Farr Amendment, which is what protects medical marijuana businesses in legalized states from facing federal prosecution. Sessions unsuccessfully tried to infringe on state's rights with regard to marijuana on numerous occasions, but managed to rescind the Cole Memo in January 2018. Trump has also not been shy about attaching signing statements to federal funding legislation being signed into law. A signing statement is something a president will use in situations where they believe their executive authority may be impeded. Although signing statements are vague, they allow President Trump to uphold federal law in accordance with his constitutional responsibilities. And since cannabis is an illicit drug, it would, in theory, allow the president to crack down on the cannabis industry. Perhaps the most telltale sign that President Trump has zero intention of altering the federal stance on cannabis can be found by taking a look at his cabinet. Even though members of the Republican Party are generally more averse to cannabis legalization than Democrats or Independents, many of the key members of Trump's cabinet have voiced opposition to legalization in the past. Both Jeff Sessions and current Attorney General William Barr have been very clear that they are not in favor of legalizing marijuana at the national level. Newly hired chief of staff, Rep. Mark Meadows (R-NC), remains "opposed to liberalizing drug laws (including around banking)," and feels that adolescents need to be protected by keeping cannabis an illicit substance. Then there's Alex Azar, the Secretary of Health and Human Services, who said in August that, "marijuana is a dangerous drug, especially for young people and pregnant women." U.S. cannabis stocks can still thrive but they won't all be winners If there's good news here for investors, it's that even if the status quo were to continue and the federal government maintains a hands-off approach for the next four-plus years, pot stocks can still thrive. But what needs to be recognized is that not every marijuana stock is necessarily going to come out as a winner. On the plus side, marijuana real estate investment trust Innovative Industrial Properties (NYSE:IIPR) should be able to leverage its position as a go-to sale-leaseback agreement provider for the foreseeable future. As long as access to capital remains limited, Innovative Industrial Properties can step in by providing capital to multistate operators (via purchases), while leasing out these assets for extended periods of time. Innovative Industrial currently owns 51 medical marijuana growing or processing facilities. With a weighted-average remaining lease length of 15.6 years and an average return of 13.3% on its invested capital, it should net a complete payback in just over five years. Multistate operators with a laser focus on specific states should also fare pretty well. Trulieve Cannabis (OTC:TCNNF) has opened 47 dispensaries to date, and 45 are located in medical marijuana-legal Florida. By focusing its attention on one market, Trulieve has been able to successfully build up its brand, all while keeping its marketing expenses down. Best of all, Trulieve has been the most profitable cannabis stock to date, with the company generating over $23 million in operating profit during the third quarter without the assistance of one-time benefits or fair-value adjustments. Comparatively, multistate operators that have overextended themselves, such as MedMen Enterprises (OTC:MMNFF), could be in big trouble. MedMen has pretty much exhausted its avenues to raise capital, with the final $115 million of $280 million in financing from private equity company Gotham Green Partners no longer available. MedMen has even gone so far recently as to offer to pay its vendors with its common stock, thereby diluting its existing shareholders. If Trump wins the 2020 election, don't be chased out of high-quality U.S. stocks. Just be picky about what you're willing to invest in and maintain a long-term mindset. Sean Williams has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Innovative Industrial Properties. The Motley Fool has a disclosure policy. https://www.fool.com/investing/2020/03/14/if-trump-is-reelected-cannabis-reform-is-dead-unti.aspx Bongme
  25. hi Police: Plymouth man stashed 374 pounds of cannabis gummies in his apartment The man is due to appear in court on April 10, online jail records show. A Plymouth man was behind bars Friday after being charged with possessing 374 pounds of THC-infused gummies — an unusual amount that one investigator wrote was “significantly more than a personal use amount and indicates intent to sell.” Roberto Lenardo Perez, 44, was arrested Wednesday by police officers serving a search warrant on his apartment in the 2500 block of Lancaster Lane, according to a criminal complaint filed in Hennepin County District Court. A further search of the apartment turned up about 32 pounds of marijuana, 80 jars of THC wax, 906 vaping cartridges with THC oil and more than 2,100 packages of assorted gummies, with each package weighing about 80 grams, or just under 3 ounces. “The packages were labeled ‘Cannabis infused’ and indicated that each piece of candy contained 30 mg of THC,” the complaint read. Perez reportedly admitted that he bought the edibles and marijuana in Colorado and turned around and sold them for double the price in Minnesota. As their popularity has grown, officials say that pot edibles have often been manufactured in states where it’s legal and then shipped and sold in Minnesota and other jurisdictions where the product is outlawed. Online jail records show that Perez remained behind bars on Friday, awaiting an April 10 court appearance. In a separate case, Scott County prosecutors earlier this week charged a 28-year-old man with two felony drug counts after authorities allegedly seized nearly 500 pieces of THC edibles, made to look like Nerd rope candies, from his home. http://www.startribune.com/police-plymouth-minnesota-man-stashed-374lbs-of-cannabis-gummies-in-his-apartment/568787162/ Bongme