United States

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USA
the states
the US
Mon
11
Mar

Illinois’ largely white marijuana industry is booming, and minority-run businesses want in on it

Illinois’ marijuana industry is flourishing. More residents are buying the drug for medicinal use, and the state is on the brink of legalizing recreational use of cannabis, potentially creating opportunities for a new wave of entrepreneurs.

But right now, businesses in line to reap the financial rewards are overwhelmingly male and mostly white.

There are 17 companies that own licenses to grow and process marijuana in Illinois. The majority have CEOs or executive directors who are white, but exact ownership information is unknown.

The state denied a Freedom of Information Act request for data on individuals with ownership stakes in dispensaries and cultivation centers, saying it was confidential.

Mon
11
Mar

Bill Improving New Mexico’s Medical Cannabis Program passes Senate Floor

Yesterday Senate Bill 406 passed the Senate Floor (33-2). The measure, sponsored by Senator Gerald Ortiz y Pino (D-Bernalillo) seeks to and expand access to medical cannabis in New Mexico. Currently many medical cannabis patients still face discrimination and lack access to their medicine.

Statement from Senator Ortiz y Pino:

Mon
11
Mar

Florida Senate passes bill to allow smokable medical cannabis

The Florida Senate voted last week to repeal the ban on smokable medical cannabis products in an overwhelming 34-4 vote.

Bill SB 182 will allow for patients to get 2.5 ounces of cannabis every 35 days, will provide $1.5 million for medical cannabis research as well as allow smoking in certain nursing homes as well as hospice facilities.

“We’ve been working around the clock with our colleagues in the House, with the Governor’s Office to come up with a consensus product and I think we’ve done that,” said State Senator Jeff Brandes who sponsored the bill.  

Fri
08
Mar

It could be months before N.J. can expand its medical marijuana program. Here’s why

Since Gov. Phil Murphy took office more than a year ago, he’s made expanding access to medical marijuana a priority. But his administration’s latest efforts to grow the program could be in for a court battle that could last months, or longer.

In December, the state Department of Health announced the six companies it had selected to open medical marijuana dispensaries in the state, furthering an expansion of the state’s constrained medical marijuana program that had been started by Murphy earlier in 2018.

Fri
08
Mar

America's first 'HempTrain' is coming to Central Pa., and it could forge a hemp revolution

A HempTrain is ready to roll into York County.

Steve Groff, owner of Wyndrige Farm in Dallastown and a licensed physician, is purchasing a $1.5 million Canadian-made machine, named the HempTrain, that can mass process hemp. The machine will be installed in an 80,000-square-foot warehouse in Red Lion.

Groff's HempTrain is currently being manufactured by Canadian Greenfield Technologies in Calgary, Alberta and will arrive in Red Lion in mid- to late-summer. Groff expects to be processing hemp this fall.

“It’s very exciting,” Canadian Greenfield Vice President Stephen Christensen said. “We’ve seen a huge amount of interest since the Farm bill and it’s only increasing.”

Fri
08
Mar

The NFL may consider changing rules around cannabis use

The National Football League is finally ready to relax its policy on cannabis, according to a report from NBC Sports on Wednesday. Citing an unnamed league source, the network’s Pro Football Talk reports that “the NFL is prepared to make major concessions regarding the substance-abuse policy, especially as it relates to marijuana” in talks for the next collective bargaining agreement with players. Sports analysts expect that the NFL would use the offer of any revision of the substance abuse policy as a bargaining chip in negotiations and expect concessions from the players union in return.

Fri
08
Mar

Is FDA commissioner Scott Gottlieb’s resignation good or bad for marijuana?

The cannabis industry is in a bit of a panic right now over the news that Scott Gottlieb, the commissioner of the U.S. Food and Drug Administration (FDA), is resigning from his post and moving back to Connecticut. Their concern is that his desire to pack-it-up and vacate his position with the Trump Administration will slow down the progress further of sorting out the confusion surrounding hemp-derived cannabidiol (CBD). It was just last month that Gottlieb promised to hold public hearings in April to try and figure out how to properly regulate the substance. Now, no one seems to know whether these meetings will go down as planned or be cast aside.

Fri
08
Mar

How companies can prepare for doing business in the hemp age

Researchers, manufacturers and retailers nationwide are crossing their fingers anticipating a fully-legalized future for marijuana and hemp-based products. Since Senate Majority Leader Mitch McConnell introduced a small amendment to the 2018 Farm Bill that lifted the federal ban on hemp cultivation, hemp-derived products are now poised to spread throughout the country. 

Like it or not, the legal marijuana industry has arrived — and it’s likely to keep growing (pun intended). Companies everywhere, from banks and retailers to professional services and marketing agencies, must decide how they’ll work with these burgeoning businesses. 

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