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Here's the news:
The cannabis industry
spent $450,000 on lobbying
in the first half of 2017, twice its expenditure during the same period in 2016. It was the highest growth rate of any industry, according to a
from the Center for Responsive Politics. Scotts Miracle-Gro., the publicly traded lawncare company making a play for the hydroponics market, accounted for more than 80% of industry lobbying.
Washington Gov. Jay Inslee and Alaska Gov. Bill Walker (I) are
on Attorney General Jeff Sessions’ criticisms of their state cannabis programs. Inslee said Sessions made claims that are “outdated, incorrect, or based on incomplete information.”
A new proposal to legalize REC in Michigan would be
retroactive to 1970
, meaning state felony convictions since then would be expunged and state cannabis prisoners would be released. Like another proposal in the state, the ballot initiative targets a November 2018 vote.
Wisconsin state lawmaker Frank Lasee (R)
declined to discuss
his investment in Canadian MED giant Canopy Growth.
The Minority Cannabis Business Association
said it would withdraw
from an upcoming cannabis conference on account of keynote speaker Roger Stone, a political operative and Trump supporter known for racially-charged tactics and messaging. Cannabis Industry Journal supports MCBA’s move and briefly runs through “
Stone’s Shady Past.
Cannabis World Congress & Business Expo (CWCB) said it will not revoke Stone’s invitation. “Stone has raised a lot of money. He is pushing Jeff Sessions really hard and he’s got Donald Trump’s ear,” CBCW managing partner Dan Humiston said.
Colorado Public Radio reports businesses are
more concerned about their electricity bills
, a sign of industry maturation. In Washington and Colorado, the piece notes, utilities are defraying the cost for grows to convert to light-emiting diodes (LED) which use less electricity than metal halide and high-pressure sodium bulbs.
Leafly deputy editor Bruce Barcott suggests hot cannabis stocks have reached the point where “
Bullshit becomes monetized.
” In particular he questions the proposed go-public valuation of High Times at $250M when it was recently valued at $70M. MarketWatch explains the
“blank-check company” method
High Times is using to go public.
Washington altered the rules to allow businesses to
own more grow licenses
. The step may increase competition, supply and merger activity.
Six of 15 pre-approved growers in Maryland
missed the deadline
to have their businesses running, but may be granted an extension.
Canadian MED producer Tilray is
to convert a pepper farm into one of the country’s largest legal grows.
Health and Science
The National Institutes of Health has awarded Bronx-based Albert Einstein medical school $3.8M to conduct the
first long term study to test whether MED reduces opioid use
for adults with chronic pain, including those with HIV/AIDS. Subjects in the five year study will obtain MED legally in New York dispensaries.
Thank You to WeedWeek's Sustaining Members:
HelloMD: The largest online community of health and wellness cannabis consumers
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!
A federal judge
blocked federal prosecutors
from pursuing a case against two California growers who tried to act in compliance with state law. The case is the first to test the “Rohrabacher-Farr amendment.” For more
in the case of a Harris County (Houston) Texas woman suing the sheriff’s office over a vaginal cavity search conducted on her.
In an opinion piece, Jim Patterson, CEO of delivery app Eaze says the Marijuana Justice Act, the legalization bill proposed by N.J. Sen. Cory Booker (D) “
legalizes marijuana the right way.
The Crime Report profiles LEAR Asset Management, a private security firm that performs “
” against illegal grows in California’s Emerald Triangle.
A disbarred Nevada lawyer is
in an alleged dispensary investment scam.
A woman who
tested positive for THC
in Pennsylvania after a car crash that killed her two grandchildren, was not high at the time of the crash, her lawyer said. Authorities found Oxycodone pills and alcohol, but not marijuana, in the car. (THC can stay in the system for weeks after the last use.)
against D.C. cannabis activist Adam Eidinger. They stemmed from a 4/20 protest at the Capitol.
Washingtonian (D.C.) meets
who reviewed street drugs in the 1960’s and is “somehow” still alive.
Elite Canadian athletes are using and investing in cannabis, but are
concerned about rules
for international competition.
Anti-legalization activist Kevin Sabet is
taking on Seattle’s Hempfest
. “They're just off-target with everything they do and say,” Hempfest founder Vivian McPeak said.
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