Marijuana Politics

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Mon
20
Jan

Major Canadian pot companies facing proposed class-action lawsuits in the U.S.

Some of Canada's biggest cannabis producers are facing proposed class-action lawsuits in the United States after investors were hit with steep financial losses in the stock market.

At least nine U.S. law firms are pursuing cases against Canopy Growth, Aurora Cannabis and Hexo Corp. in American courts.

Although the allegations vary, each pot producer is accused of misleading investors or failing to disclose certain problems with their businesses. When those problems became publicly known, the lawsuits claim, share prices plunged and investors were stuck with losses.

"[Investors] are mad; they were taken by surprise," said Reed Kathrein, a lawyer at Hagens Berman Sobol Shapiro LLP, which is pursuing claims against all three producers.

Fri
17
Jan

Ohio reaches first year of state medical marijuana sales

A year after Joan Caleodis became the first person in Ohio to purchase state-sanctioned medical marijuana, she said she remains mostly satisfied with the program but looks forward to a day when prices for cannabis products drop.

Caleodis, 56, of Martins Ferry in southeast Ohio, said she spends around $300 a month at local dispensaries to buy patches along with dried flowers and cannabis oil, which she vapes, to help treat primary progressive multiple sclerosis.

Thursday marks the one-year anniversary for medical marijuana sales in Ohio.

A retired state worker, Caleodis said that before she began using cannabis she was taking as many as 16 pills a day. Now she takes only a few and has learned which strains of marijuana help her best.

Fri
17
Jan

Where Does Rhode Island Stand on Marijuana?

In the early evening of June 22, the Rhode Island House of Representatives passed the state’s $9.9 billion budget for fiscal 2020. Among the high-profile provisions in the 488-page spending plan was Article 15, which significantly reshaped the state’s medical marijuana industry. After six years of three dispensaries, the General Assembly expanded the marketplace to nine, and doubled the price of a license to $500,000.

In his budgetary post-mortem, House Speaker Nicholas Mattiello expressed his satisfaction with the final product: “There is something in there for almost every segment of society. I would guess that everyone in this chamber [got] something they liked, but not everything they liked.”

Fri
17
Jan

Oregon Hemp Farmers Sue Processors for $11.2 Million

A hemp farm based in the Pacific Northwest is suing numerous processers for failing to show up and process their crop after receiving a hefty down payment.

Jefferson State Farms from Medford, Oregon – owned by Ben and Kathleen Yuma – is suing a group of harvesters who left them hanging after getting paid a six-figure down payment. Palex Enterprises, Hemp Warehouse, Great Horizons, and four individual processors are the listed defendants.

Fri
17
Jan

Officials Say That Chicago Cannabis Taxes May Exceed 41% By Summer

For those looking to buy some legal weed in Chicago, be prepared for some sticker shock.

That’s because pot products there are larded with taxes. On Wednesday, the Cook County Board approved another one: a three percent tax on marijuana retailers, which will be tacked on to a bevy of other taxes already levied on the state’s nascent legal cannabis industry. 

Fri
17
Jan

New Bill Seeks To Overturn U.S. CBD Dietary Supplement Marketing Ban

Chair of the USA’s House Agriculture Committee Collin Peterson has sponsored a bipartisan bill that would enable the FDA to allow marketing of hemp-derived cannabidiol (CBD) dietary supplements.

At present it’s illegal to market CBD by labeling it as a dietary supplement according to the FDA’s interpretation of federal law. The FDA has concluded CBD products are excluded from the dietary supplement definition under a provision in a section of the Federal Food, Drug, and Cosmetic Act (FD&C Act).

Fri
17
Jan

The CBD craze is about to roll over Europe

While CBD seems to be everywhere and do everything in North America, from treating anxiety disorders in pets to putting the glow back in your complexion, in Europe, it is just hitting the radar.

That’s probably because the legal framework in Europe surrounding CBD is so confusing. Each country in the European Union (EU) has different laws for CBD, despite the fact that they share the EU umbrella. Strain Insider has reported that the regulations between countries can be tricky.

Fri
17
Jan

Illinois Regulators Investigating Violations of Cannabis Stockpiling Rule

In a matter of a couple weeks, Illinois’ recreational cannabis consumers have all but depleted the state’s stock of cannabis products. The widespread disequilibrium between supply and demand has made it tough for dispensaries to serve customers. And some shops, Illinois regulators say, have started breaking the rules in order to put products on their shelves.

Since issuing a formal warning to Illinois dispensaries last week, regulators have begun investigating violations of rules against stockpiling cannabis and selling medical cannabis reserves to non-patients. The scope and extent of these violations is still unknown, but officials say persistent offenders could face fines and potentially, antitrust investigations.

Fri
17
Jan

Australian Medical Cannabis Inquiry Update

Submissions for an Australian Senate inquiry into current patient access barriers to medicinal cannabis close today.

Announced in November 2019, the wide-ranging inquiry is delving into issues including the appropriateness of the current regulatory regime, delays in accessing products and will also examine international best practice models for patient access.

At the time of writing, eleven submissions had been noted; including from:

Thu
16
Jan

London professor appointed chairman of Europe medicinal cannabis body

A long-standing member of the UK Government Regulatory Agency Medicines Commission and King’s College, London professor has been appointed as chairman of the European Medicinal Cannabis Association.

The European Medicinal Cannabis Association (EUMCA), the newly formed Brussels-based industry body which advocates for European evidence-based policy to improve patient access to high-quality cannabis treatment, has announced the appointment of Professor Jones, CBE, FMedSci, as its new Chairman.

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