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Here's the news:
Anti-legalization activist Kevin Sabet said the marijuana industry is
breaking the law
and called on the Justice Department to shut it down. In a report,
The Cole Memo: 4 Years Later
Sabet’s group Smart Approaches to Marijuana (SAM) claims the industry is violating all eight guidelines for state legal marijuana such as preventing distribution to minors and preventing it from moving to illegal states.
The report argues:
“Federal resources should target the big players in the marijuana industry. Individual marijuana users should not be targeted or arrested, but large-scale marijuana businesses, several of which now boast of having raised over $100 million in capital, and their financial backers, should be a priority. These large businesses are pocketing millions by flouting federal law, deceiving Americans about the risks of their products, and targeting the most vulnerable. They should not have access to banks, where their financial prowess would be expanded significantly, nor should they be able to advertise or commercialize marijuana.”
President Trump ally and political gadfly Roger Stone
made a rare apology
for racially insensitive remarks after groups threatened to boycott the cannabis convention where he’s due to speak.
Sen. Kirsten E. Gillibrand (D-N.Y.), considered a possible 2020 presidential candidate, talked about
why she supports MED
Speaking in Denver, Colorado’s first marijuana czar, Andrew Freedman, said
if he was starting it again
focus data collection and analyses efforts on problematic use. He would also rethink home-grows, go slow on edibles, fund a glut of surveys and put tax revenue dollars toward public health needs instead of school construction.” Freedman is now a consultant for states and cities developing cannabis rules.
A dispensary has
an Alaska tourist town.
Publicly-traded Scotts Miracle-Gro shed its European and Australian businesses to
focus on hydroponics
through subsidiary Hawthorne Gardening Co. CEO Jim Hagedorn said the company is on the verge of another “marquee” hydroponics acquisition.
In bad news for growers, the
price of pot is dropping
. According to New Leaf, the average wholesale pound sells for $1,614, down from $2,133 two years ago.
A Maryland “pre-approved” MED license winner
did not disclose
that he is under federal investigation for discriminating against Hispanic workers at a carwash he owned. David Podrog’s application will be subject to further review.
from investors including media investor Lerer Hippeau Ventures and Liquid 2 Ventures where hall of fame quarterback Joe Montana is a general partner.
Horizons Marijuana Life Sciences Index ETF, which trades in Canada and is the only cannabis ETF,
has not performed well
since its April debut.
Former Liberal B.C. Health Minister Terry Lake is
the Quebec-based MED company Hydropothecary.
Health and Science
The long awaited study to
test MED on veterans with PTSD
is on the verge of collapse. Dr. Sue Sisley who has championed the study for many years says the Veterans Affairs Department wont help her recruit subject. The VA said the study’s shortcomings are the research teams fault.
This comes shortly after the FDA said it would reschedule ecstasy as a “breakthrough therapy” for PTSD. For more on the ecstasy story
During a recent test, 80% of Bay Area weed was
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!
Seth Rogen and Wiz Khalifa are
developing cannabis shows
. Khalifa's is said to be a cross between
American Ninja Warrior
Kitchener, Ontario-man Jeffrey Shaver has been
protesting his marijuana arrests
by standing out front of a police station wearing only a green speedo. One of the arrests stemmed from an altercation with a vending machine.
Netflix has partnered with a California dispensary to produce strains for some of its shows including
Orange is the New Black
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