Comments Off on WeedWeek: Michigan Could Go REC This Week PLUS: MedMen Goes Public

WeedWeek: Michigan Could Go REC This Week PLUS: MedMen Goes Public

Posted by | June 7, 2018 | Cannabis News, Weed Week News by Alex Halperin

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IN OTHER WEEDWEEK NEWS:
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-Episode 20 Dominatrix and cannabis entrepreneur Mistress Matisse talks sex workers’ rights and her canna-lube brand Velvet Swing.
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-Episode 18 Alan Brochstein, founder of New Cannabis Ventures, on how to get rich investing in pot stocks.
-Episode 17 Oakland veterinarian Dr. Gary Richter on pot for pets
-Episide 16 Jennifer Lujan, director of social impact at Eaze.
-Episode 15 Combat veteran and IHeartJane CEO Socrates Rosenfeld.
-Episode 14 Chef   Holden Jagger of SoCal caterer  Altered Plates discusses the alchemy of cooking with cannabis
-Episode 12 Cannabis attorney   Hilary Bricken on what’s not working in the California market.  A must listen for professionals!
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The 2018 U.S. midterm elections are coming. And the primaries are already here. Register to vote and/or get the information you need to register here.
Here’s the news.
POLITICS
President Trump signed the “right-to-try” bill, which makes it easier for seriously ill patients to access experimental drugs and MED. The mechanism for patients to access MED in illegal states is not clear.
Michigan lawmakers could legalize REC this week. Some Republicans favor the legislative approach since they fear the expected ballot initiative in November will boost liberal turnout.
The California Senate passed a bill to create a state-chartered cannabis bank. It now heads to the state assembly.
Marijuana Moment looks at where California gubernatorial candidates stand on weed. Democratic favorite Gavin Newsom was an early advocate for legalization. Primary voting is on Tuesday.
California Sen. Dianne Feinstein (D) said “the world changes,” when asked why she has dropped her opposition to REC. She faces a primary from the left on Tuesday.
California lawmakers gave up on a bill which would have provided employment protection to MED patients. East Bay Express runs through what else is happening, cannabis-wise, in the California legislature.
Colorado now regulates hemp products like food products.
After a judge ruled to allow it, Florida Sen. Bill Nelson (D) said he supports access to smokeable MED, putting him at odds with Gov. Rick Scott (R), Nelson’s likely opponent this year.
Ohio may miss the September 8 deadline for its MED program to be operational.
Oklahoma Sen. James Lankford (R) says legalizing MED would be harmful to Oklahoma’s social fabric. The state votes on June 26.
Legalization supporter Rep. Tom Garrett (R-Va.) won’t run for re-election, citing alcoholism.
The Houston Chronicle editorialized for more MED access in Texas.
After a year of fighting, a Montana hemp farmer won access to federally controlled water. The Senate Appropriations Committee directed $500,000 to start an industrial hemp seed bank.
Pacific Standard says hemp could be a lifeline for struggling farmers.
A Canadian Senate committee passed 40 amendments related to the legalization bill. The committee rejected a national home grow ban, but will allow provinces to impose bans. It also recommended THC-potency limits, though did not determine an exact percentage. 🍁For more, sign up for FREE MONTH of WeedWeek Canada!
In Canada, applications for cultivation licenses are way up, but a supply shortage still looms. 🍁For more, sign up for FREE MONTH of WeedWeek Canada!
For the first time, a World Health Organization committee is studying marijuana’s status under international law.
Latin America should consider legalizing drugs to reduce violence in the region, a UN official said.
BUSINESS
L.A.-based retailer MedMen debuted on the Canadian Securities Exchange with a C$2 billion+ valuation based on fundraising of C$143 million. MJBizDaily has an FAQ. 🍁For more, sign up for FREE MONTH of WeedWeek Canada!
MJBiz Daily says the industry’s economic impact could approach $80 billion by 2022, with dispensary sales accounting for about 25%.
Licensed businesses in California have a strong incentive to snitch on unlicensed shops, which can undercut them on price. L.A. brought charges against 142 people representing more than 30 unlicensed businesses.
California wineries expect cannabis could attract their key customers.
Oregon growers are scaling back production, to address the glutted market.
Attorney Hilary Bricken warns of cannabis banking scams.
Distribution platform MainStem raised a $2.2M series B led by Merida Capital Partners.
Colorado CBD company Phoenix Tears is sticking with its announcement that its product will be available in 7-Eleven stores, despite the convenience store company’s denial. The discrepancy involves what franchised outlets can stock.
Denver rejected a social use application from an aspiring cannabis spa, citing its proximity to a child care center. Denver suburb Wheat Ridge suspended the license of Break the Stigma Fitness, a 420-friendly gym.
Rev. Al Sharpton writes that with legalization, “minorities still get shafted.”
Leafly profiles Oakland’s Hood Incubator which helps minority entrepreneurs join the industry.
Snoop Dogg approves of Canada’s “Let’s make it happen,” approach to legalization.
Wary of declines in REC states, Canadian brewers want higher pot taxes🍁For more, sign up for FREE MONTH of WeedWeek Canada!
Southern Africa attracted more investments from Canadian growers. 🍁For more, sign up for FREE MONTH of WeedWeek Canada!
Japan approved its first billboard for a CBD product.
A Santa Rosa, (Calif.) dispensary

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