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Fri
21
Sep

Canadian officials may target U.S. pharmaceutical industry amid looming trade war

The United States pharmaceutical industry is likely to be the target for Canadian officials should a full out trade war take place between the two North American countries, an Ottawa-based law professor with knowledge about the issue told Yahoo Finance earlier this week.

Thu
20
Sep

Concentrates are the fastest growing cannabis product category in the U.S.

Concentrates are currently the fastest growing cannabis product category in the legal industry according to data released earlier this week by Arcview Market Research. The projections are contained in a report by BDS Analytics called “Concentrates: The Hottest Product Category in Cannabis.”

The report shows that concentrates are expected to hit $2.9 billion in sales by the end of 2018, up 49 percent year over year. This makes cannabis concentrates the second largest market in the industry, only behind dried flower.

Concentrate sales are predicted to surpass flower sales by 2022 in size at $8.4 billion with flower expected to be at $8.5 billion.

Wed
19
Sep

New Jersey bill proposes some of the most progressive cannabis laws

New Jersey appears to be moving closer to legalization after a local media source received a copy of a new bill that state lawmakers believe is likely to pass.  

If the bill is passed, New Jersey is poised to have some of the most progressive cannabis laws in the country.

An exciting feature of the bill is the call for consumption areas, or smoking lounges. Ideally, a retailer could actually have a space within their facility, separate from the retail area, for customers to consume product. This would require state and local approval.

The bill also proposes a home delivery system so that customers could purchase product online and have it delivered right to their door.

Wed
19
Sep

South Africa’s highest court legalizes cannabis for personal use

South Africa is the country to most recently legalize cannabis.  

South Africa’s highest court has legalized using cannabis for adults in private places as well as growing cannabis for private use upon ruling that the previous law that banned cannabis is unconstitutional.

“It will not be a criminal offense for an adult person to use or be in possession of cannabis in private for his own personal consumption,” said Deputy Chief Justice Raymond Zondo.

The ruling comes after a decision made last year by a provincial court that legalizes cannabis for private use in Western Cape where the country’s capital, Cape Town, is situated.

Tue
18
Sep

Louisiana regulators remove 100-patient limit for physicians

More Louisiana residents should have easier access to medical marijuana after state regulators got rid of the rule on Monday that limited the number of patients to which physicians can recommend cannabis.

The Louisiana Board of Medical Examiners (LSBME) met Monday to discuss changing rules that currently restrict patient access to medical cannabis, including the cap previously in place that restricted physicians from recommending marijuana to more than 100 of their patients. Dr. Victor Chou, one of the first physicians to receive a license to recommend cannabis in Louisiana told the board that he reached that limit in only two weeks after opening his clinic in Baton Rouge.

“I have a waiting list of 700 patients,” Chou said.

Mon
17
Sep

Only one BC Cannabis Store will be opened on October 17

When recreational cannabis is legalized in Canada on October 17, British Columbians will only be able to purchase marijuana from one BC Cannabis Store location, according to the province’s minister of public safety and solicitor general, Mike Farnworth.

Farnworth said in a press release published Sunday that the first and only BC Cannabis Store will open in Kamloops. Other stores are expected to open in the following months with more than 100 applications in the process of entry. The province is also planning to launch an online retail platform so that all B.C. residents can purchase cannabis wherever they are in the province.

Mon
17
Sep

Three out of four Michigan communities have opted out of medical program

A recent survey found that three out of four communities in Michigan do not want cannabis businesses in their area.

The survey was conducted by the University of Michigan’s Ford School of Public Policy. Township officials were polled about whether or not they’ve opted in or out of Michigan’s medical cannabis program. The survey found that 75 percent of officials had opted out of the program.

The survey was conducted online for the majority of communities and some by mail. There was a 70 percent response rate according to Tom Ivacko, the associate director of the Center for Local, State, and Urban Policy at the Ford School of Public Policy.

Fri
14
Sep

What is a trichome and why are they important?

The buds and leaves of the cannabis plant receive the praise for the plant’s benefits, but it’s a much smaller part of the plant that produces the unique set of cannabinoids and terpenes that make up your favorite strains.

From the Greek word, “Tríchōma,” trichomes are tiny, crystal-esque appendages that cover the buds and sometimes the outer parts of the leaves and are what produces the desired cannabinoids as well as each plant’s uniquely aromatic terpenes and flavonoids.

Fri
14
Sep

Border protection official warns that Canadian cannabis workers and investors risk lifetime ban from the U.S.

A top official of the U.S. Customs Border Protection confirmed earlier this week that anyone working or investing in Canada’s cannabis industry will be treated as if they are an illegal drug trafficker.

Despite that Canada will have legal cannabis nationwide in a month, and that a majority of states have legalized cannabis to some extent, the plant remains illegal at the federal level. The U.S. government views foreigners working in the marijuana industry the same way they would someone working for an illegal drug cartel or as a dealer, regardless of their home nation’s laws.

Thu
13
Sep

Manhattan’s DA's office will dismiss more than 3,000 cannabis-related cases

Manhattan District Attorney Cyrus Vance dropped more than 3,000 cannabis-related cases on Wednesday in New York City Criminal Court. This is an act he said will both serve justice and address the role that race has played in prosecuting marijuana cases.

There are 3,042 cases dating back as far 1978 that have been dismissed and include misdemeanors and violation cases in which a warrant was issued because the defendant did not appear in court. They do not include violent offenses or cases where the defendant was convicted, according to Vance.

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