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Check in Monday for
episode three featuring an exclusive interview with Congressmand Earl Blumenauer, (D-Ore.). A longtime advocate for legalization, Blumenauer discusses the mood in Congress and how 2018 candidates should talk and think about legalization
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The 2018 U.S. midterm elections are coming.
Register to vote
and/or get the information you need to vote here.
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States, especially the most recent to legalize, are concerned about what the Cole Memo decision will mean for
pot tax revenue
.
Aaron Smith, head of the
embattled
National Cannabis Industry Association, said lobbyists told him Sessions did not alert President Trump of his decision to rescind the Cole Memo. Sessions is “on an island,” Smith said.
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John Morgan, a wealthy cannabis activist and personal injury lawyer, is
suing Florida
to allow smokable MED. Joe Redner, a well-known Tampa strip bar owner and cancer patient, is
suing the state
to grow his own.
In Virginia, a House panel
defeated
a bill to decriminalize. A bill in Oklahoma would pre-emptively
restrict MED
ahead of the state’s June vote.
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Hedge fund Lakewood Capital Management
revealed short positions
in Aurora and Canopy Growth, the two largest Canadian MED producers. Aurora said it wasn’t concerned.
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Upscale California brand Canndescent
raised $10M
in series B growth capital. Investors included Floret Ventures and Altitude Investment Partners.
High Times
plans to raise $50M in an IPO
and will trade over the counter if the NASDAQ rejects its application. As of September 30, it reported assets of $3.6M and debt of $38.6M.
A Baldwin Park, Calif., city councilwoman
received a $4,400 campaign contribution
from the CEO of cannabis company Rukli, the day after she awarded his company an exclusive cannabis transport permit in the city.
Massachusetts anticipates
$63M in pot taxes
during the first year of REC sales, roughly 0.15% of the state budget.
Oregon
increased penalties
for selling to minors. After stores were busted selling to minors, the state’s top pot regulator said “your friends in government are really, really disappointed.”
Massachusetts may send
“secret shoppers”
into dispensaries to ensure they’re following rules.
A handful of Texas companies are
producing CBD oil
but there are no registered patients.
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“For some, it does not do a whole lot. But for the people it does work in, it is priceless,”
Dr.
Elizabeth Thiele, director of pediatric epilepsy at Massachusetts General Hospital and lead author of the study, said. The drug could be approved later this year.
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A proposed bill in Colorado would require the development of
cannabis tracking technology
which uses “either chemical agents, isotopes, nanotechnology, or other biological identifiers. It could even implement a distributed ledger or blockchain to encrypt it.” One dispensary owner called the idea “
fucking crazy.
”
Taylor Weyeneth, the 24-year old with an embellished resume who was appointed to a senior position in Trump’s Office of National Drug Control Policy,
is stepping down
.
Former Congressman Patrick Kennedy (D), who sits on Trump’s opioid commission, called it
a charade and a sham
.
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Thank You to WeedWeek's Sustaining Patrons:
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Pamela Hadfield
HelloMD: The largest online community of health and wellness cannabis consumers
Spencer Vodnoy
Affiliations: CA State Bar; Board Member, Adelanto Growers Association
Critical Mind, Inc. is a Medical Cannabis Cultivation and Manufacturing Facility located in Adelanto, CA. Providing the highest quality Cannabis products. Compliance without Compromise!
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Criminal Justice reform is
gaining momentum in Congress
. Rather than shortening prison sentences, it would likely aim to curtail recidivism through programs like drug treatment and job training.
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After waiting seven years for a trial, a New York man was
cleared of pot growing charges
. The court called it the most egregious example of trial delay it had ever seen.
The Trump appointed federal prosecutor for Nevada Dayle Elieson has
kept mum
about whether he'll pursue cannabis prosecutions.
Santa Ana, Calif. authorities
shut down a dispensary
which became notorious several years ago after security cameras caught police insulting an amputee there. The police later argued they should be held accountable for the video because they believed they had disabled all the cameras.
In Politico, a writer who almost died of a heroin overdose
makes the case against laws
which consider dealers of fatal drugs guilty of homicide.
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The character Angelo DeStevens “is written as a sexist, greedy ganjapreneur who splits up a partnership and creates crassly named marijuana products for the mass market.” After initially approving, DeAngelo tweeted “I don’t feel I deserved the treatment they gave me in later episodes,” adding that he wasn’t consulted for the project.
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Want to reach a devoted audience of top cannabis professionals? Advertise in WeedWeek. Contact Adrienne Nascimento at
[email protected]
for details.
Bye,
Alex
Advertising policy: Advertisers and contributors through Patreon have no influence on WeedWeek's editorial content or on the content of articles that Alex Halperin writes for other publications. In an effort to replicate the separation of business and editorial operations practiced at reputable news organizations, a WeedWeek salesperson will be responsible for all sales-related contact with advertisers and will work, as much as possible, without input from Halperin. All advertising queries sent to Halperin are referred to a salesperson. In all WeedWeek material, all ads and other forms of paid content are clearly distinguishable as such. Halperin does not approach potential advertisers to solicit business, and reserves the right to reject ads if they present a conflict of interest, the appearance of a conflict of interest or for any other reason.
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