Marijuana Politics

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Fri
14
Sep

Are hasish edibles legal under medical marijuana laws? Arizona Supreme Court will decide

Attorneys for a Yavapai County resident are asking the Arizona Supreme Court to overturn a lower court decision which makes criminals out of medical marijuana patients who choose to use edibles and liquids rather than smoking the plant’s dried flowers and leaves.

In new filings, the lawyers contend the state Court of Appeals got it wrong earlier this year when it concluded in a 2-1 ruling that a 2010 voter-approved law that legalized the medical use of marijuana does not cover products made from hashish and other extracts of the plant. The majority concluded that hashish, essentially the resin of the cannabis plant and the products made from the resin are legally not the same as the plant itself and its possession remains a crime, even for medical marijuana users.

Fri
14
Sep

Canada’s maturing big cannabis targets Europe for expansion funds

A favourite of do-it-yourself stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by boosting efforts to woo European funds as countries across the region approve marijuana for medical use.

For some time, companies including Canopy Growth Corp., Aurora Cannabis Inc. and Tilray Inc. have been signing export deals with European governments, buying local companies and opening production facilities in the region.

This year, they have also stepped up pitching their businesses to European funds at conferences and road shows, betting their size and first-mover advantage will help replace fickle retail investors with more stable institutions.

Fri
14
Sep

Brace for 'scary down days' in cannabis stocks, marijuana fund manager warns

Brace for 'scary down days' in cannabis stocks, marijuana fund manager warns.

The manager of the first Canadian mutual fund focused exclusively on marijuana has some advice for investors: Get ready for some more “scary down days.”

“I wouldn’t be surprised if we saw a steep, sharp pullback, which will scare all the people that got in late, have a little bit of consolidation and then we start the next phase up,” said Bruce Campbell, founder of StoneCastle Investment Management Inc., which has about $150 million (US$115 million) in assets.

Fri
14
Sep

Tough cannabis testing standards are straining sales, local dispensaries say

In the era of legal cannabis, regulations are the name of the game, but stringent potency and purity tests across the state are keeping nearly 18 percent of cannabis products from hitting the dispensary shelves, according to state-provided data.

A little more than 1,900 marijuana samples failed tests through Aug. 29. While small numbers of failed products came from pesticide contamination or E. coli, the vast majority were found to have a different amount of THC than what was listed on the label.

Some dispensary representatives say the testing policies are holding products to a tight standard and leaving a small margin for error. The products must test within 10 percent of the product’s claimed potency, according to the state’s rules.

Fri
14
Sep

U.S. congressional committee approves cannabis bill, but not without drama

The Medical Cannabis Research Act will now move to the House, where it will be voted upon.

The House Judiciary Committee approved the Medical Cannabis Research Act of 2018 on Thursday despite objections that the measure unfairly discriminates against those with criminal records.

Fri
14
Sep

Zenabis exec stresses the importance of quality assurance in the cannabis industry

The key to a quality product is consistency, according to Karen Parent, who works as the Chief Quality and Compliance Officer at Zenabis - one of Canada’s largest Licensed Cannabis Producers, writes Brandon Hicks.

Parent’s job, as she puts it, is to "provide quality assurance and compliance, guidance and strategy for the facilities to ensure that we protect our license and meet all of the requisite regulatory requirements within Canada, as well as internationally."

Fri
14
Sep

Judge approves injunction against closing medical marijuana businesses

The state’s efforts to shut down nearly 100 medical marijuana dispensaries across the state until the businesses are approved for a license hit a speed bump Thursday when a state Court of Claims judge approved an injunction against the closures.

Judge Stephen Borrello granted a request for an injunction filed by attorney Denise Pollicella of Howell on behalf of the Montrowe dispensary. She said that new emergency rules by the state Bureau of Medical Marijuana Regulation that extend a closure deadline from Sept. 15 to Dec. 15 are unconstitutional because the rules treated different categories of medical marijuana businesses differently.

Pollicella said she tried to work with the state "and explain the position that they were putting responsible applicants in."

Fri
14
Sep

Canada: London-area marijuana producer WeedMD strikes export deal with Australian firm

Southwestern Ontario is now a trailblazer in pot-growing.

London-area marijuana producer WeedMD is believed to be the first company in Canada to sell cannabis seeds abroad, a deal that puts the region at the forefront of an emerging international market, says the head of a marijuana trade association.

WeedMD, an Aylmer-based grower with a greenhouse operation in Strathroy, said Thursday it has exported seeds to Australia’s Medifarm, the country’s first-ever licensed medical marijuana producer.

Allan Rewak of the Cannabis Council of Canada, an industry group representing WeedMD and some of the country’s largest marijuana producers, called the Australia deal a “smart play.”

Fri
14
Sep

3 Surprising stocks that could benefit from marijuana's legalization

These behind-the-scenes companies could be seeing green right along with the cannabis industry.

There are plenty of intriguing investment opportunities on Wall Street, but none has been more smoking hot of late than marijuana stocks.

Fri
14
Sep

Cannabis stocks are flying so high that even some in the industry are getting nervous

Canopy Growth's US$11 billion-plus market value is on par with Barrick Gold's, even though the mining firm is expected to post 20 times the sales this year. Canada’s cannabis companies are experiencing a rush of investment that’s making even some participants paranoid.

“You might argue our valuations are a little bit ahead of our skis,” said Paul Rosen, chief executive officer of Tidal Royalty Corp., which finances weed companies.

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