MjLink Cannabis Business News and Press
The New Jersey Cannabis Regulatory Commission (CRC) met June 30 to propose permanent rules for the state’s adult-use cannabis industry, as well as to approve 81 new conditional adult-use licenses, according to an NJBIZ report.
The proposed regulations will ultimately govern the cultivation, manufacture, wholesale, distribution, sale and delivery of adult-use cannabis in the state, the news outlet reported. The rules, which will be published in the New Jersey Register Aug. 1, expand on the initial regulations that the CRC released in August 2021.
RELATED: New Jersey Adult-Use Cannabis Sales Have Commenced
“Today, the Cannabis Regulatory Commission took the historic step of proposing permanent rules for New Jersey’s cannabis industry and expanding our focus on both equity and safety,” CRC Chair Dianna Houenou said, according to NJBIZ. “The regulations approved for formal proposal will create new opportunities for entrepreneurs to join this nascent industry.”
The rules proposed last week add three license types: Class 3 Cannabis Wholesalers, Class 4 Cannabis Distributors and Class 6 Cannabis Delivery Services. The regulations also provide more flexibility for microbusinesses by clarifying that areas where cannabis is not handled—such as breakrooms and bathrooms—do not count toward the 2,500-square-foot limit put in place by the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act, which initially created the adult-use marketplace, NJBIZ reported.
More than 3,000 pounds of cannabis with an estimated street value of $6 million was seized by law enforcement officials executing a search warrant in April 2021 in Spring Valley, Calif.—roughly 10 miles east of San Diego.
The targeted operation, known as “Cannaland,” functioned primarily as a wholesale cannabis supplier to unlicensed dispensaries in Southern California, according to the Department of Justice’s U.S. Attorney’s Office in the Southern District of California. Cannaland also operated as an illicit cannabis retailer in its own right, serving individual customers, according to the DOJ.
In connection with that operation, Shahram “Sean” Sheikhan, 52, of Las Vegas, and Sabriana Williams, 26, of San Diego, were charged with conspiracy to distribute cannabis. Maximum penalties included 40 years in prison with a mandatory minimum sentence of five years and a $5-million fine for Sheikhan, and 20 years in prison with a $1-million fine for Williams.
Sheikhan and Williams pleaded guilty in federal court to drug distribution charges on June 30, 2022, joining several others in the district who have pleaded guilty to various drug, firearm and money laundering charges in federal court as part of an ongoing investigation by federal and state authorities targeting unlicensed dispensaries throughout Southern California.
“Over the last two years, federal and state law enforcement targeted the operation of dozens of illegal, unlicensed marijuana dispensaries in San Diego County in order to enforce the law and curtail the related crime alleged in this case,” Randy S. Grossman, the U.S. Attorney for the Southern District of California, said in a June 30 press release from his office.
The law enforcement agencies involved with the investigation include the FBI, San Diego County Sherriff’s Department, San Diego and Chula Vista police departments, and Internal Revenue Service – Criminal Investigation (IRS-CI).
Seasoned California Operators to Provide Tips for Navigating State’s Troubled Market in Free Webinar
Cleveland, Ohio, JULY 5, 2022 --PRESS RELEASE-- In response to the mounting challenges facing plant-touching cannabis business operators in California’s legal market, the producers of award-winning business publication Cannabis Business Times and its annual event Cannabis Conference will host a free, live webinar titled “Navigating California: Tips From Seasoned Operators and Experts,” on Tuesday, July 26 from 10 a.m. – 11:30 a.m. PT.
According to operators throughout the cannabis supply chain, many forces at play are making business in the state’s current climate increasingly difficult, including competition from the illicit market, overproduction, and diminishing wholesale prices. In some cases, wholesale cannabis prices in California have dropped between 50% and 70%, according to reporting by Cannabis Business Times.
The following California cannabis operators and experts will provide tips to plant-touching businesses (cultivators, dispensaries, extraction professionals) to help them navigate these and other challenges, as well as answer questions during a live Q&A period:
Topics of discussion will include the high cost of taxation and compliance, price compression, retail scarcity/imbalance, and resource-intensive sales and marketing support. The panelists will also discuss emerging technologies and business models that could help get brands in front of patients and consumers.
Register to the webinar for free by clicking here.
Pih, Sheltraw and Miranda will also be among the 90+ experts speaking in-person at Cannabis Conference 2022—the industry's leading event for plant-touching businesses—taking place August 23-25 at Paris Las Vegas. Visit www.CannabisConference.com to learn more.
PORTLAND, Ore., July 05, 2022 (GLOBE NEWSWIRE) --PRESS RELEASE-- Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF), a cannabis company specializing in retail, production, processing, wholesale, and distribution, today announces that the company signed an amending agreement July 1, 2022, to improve the terms of its previously disclosed Asset Purchase Agreement, which was originally executed on September 16, 2021, to acquire four retail stores branded Cannabliss & Co. from Acreage Holdings, Inc. for total consideration of US$6,500,000. The closing of the transaction as amended by the Amending Agreement is subject to approval by the Oregon Liquor and Cannabis Commission and the satisfaction of other closing conditions. The OLCC approval is expected to occur within the next 30 days.
“Amending the original transaction allows us to better match the considerations to be paid with the expected cashflows of Cannabliss. This transaction represents an important step as we continue to increase our presence in Oregon and refine the performance of Cannabliss’ stores under the guidance of our leadership team,” said Jeff Yapp, President and Chief Executive Officer of Chalice Brands. “We look forward to favourably leveraging this transaction to drive revenue growth for our shareholders, employees, and the communities we serve.”
Transaction Agreement
Upon execution of the Amending Agreement, Chalice Brands will acquire the assets of the four Cannabliss branded retail locations for total consideration of US$6,500,000, consisting of a US$250,000 payment already made at the time the original agreement was signed, plus an additional US$100,000 in cash at closing, offset by a deduction of US$300,000 from the Purchase Price to settle the accounts payable to Chalice Brands. Chalice Brands will pay the balance owed of US$5,850,000, by way of a 36-month secured promissory note carrying accrued interest at a rate per annum equal to 12%. Chalice Brands shall make the following balloon payments to Acreage: (i) US$1,000,000 on January 1, 2024 and US$1,000,000 on January 1, 2025, and (ii) on January 1, 2026, Chalice Brands shall pay all amounts owed to Acreage under this Note, if any.Chalice Brands acquires four Cannabliss & Co. retail locations further expanding our statewide retail footprint in Oregon to a total of 18 locations with iconic dispensary locations added such as the Fire Station store in Southeast Portland.“As stores struggle to stand out in today's increasingly competitive market, bringing Chalice Farms’ quality standards to more dispensaries makes the industry as a whole, better and more established. This acquisition marks a huge accomplishment for our team and valued partners as we increase the visibility of our commitment to the plant, planet, and people,” commented Meghan Miller, Chief Operating Officer of Chalice Brands.
“This renegotiated deal structure provides Chalice with a longer time frame to service the debt obligations while avoiding dilution to shareholders. To date, we have only recorded management fee revenue. Upon OLCC approval, we will start recognising the full revenue generated by these stores. Management is confident we can scale product mix, thus increasing margins and improve our top line to achieve positive cash flow for the transaction enabling Chalice to self-fund the acquisition,” noted John Varghese, Executive Chairman of the company. “We strongly believe consolidation is critical strategy towards being a true leader in Oregon's cannabis industry with an established platform for growth in addition markets.”
]]>EDMONTON, Alberta, June 3, 2022 – PRESS RELEASE – Aurora Cannabis Inc., a Canadian company defining the future of cannabinoids worldwide, announced that it has repurchased an aggregate of approximately CA$25.3 million (U.S.$20 million) principal amount of its convertible senior notes at a total cost, including accrued interest, of $24.3 million (U.S. 19.2 million) in cash.
The purpose of the transaction, which represents a repurchase of a portion of the notes at a 5.25% discount to par value, was to reduce the company’s debt and annual cash interest costs. Annual cash interest savings from the repurchases of the notes made from Q3 2022 onward now total $9.5 million (U.S.$7.5 million).
Aurora’s balance sheet is among the strongest in the industry with approximately $455 million in cash inclusive of the transaction announced June 3, and the company reiterates its expectation of achieving a positive adjusted EBITDA run rate by the first half of fiscal 2023.
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.
]]>A new state law took effectJuly 1 in Minnesota, allowing for the sale of cannabis edibles and beveragesinfused with hemp-derived THC.
Under the new law, adults21 years and older can purchase “edible cannabinoid products” that contain nomore than 5 milligrams of hemp-derived THC per serving and 50 milligrams perpackage, and no more than 0.3% THC by dry weight.
According to the bill text, an“edible cannabinoid product” is defined as “any product that is intended to beeaten or drunk by humans, [and] contains a cannabinoid in combination with foodingredients, and is not a drug.”
The sale of ediblescontaining delta-8 THC and CBD were already legal in the state, but this newlaw allows for delta-9 THC—the cannabinoid that distinguishes hemp from itsfederally illegal counterpart, cannabis—to be used as an additive in ediblesand beverage products as long as it is derived from legally certifiedhemp, Duluth News Tribune reported.
The Minnesota Board ofPharmacy will be responsible for regulating such products, which must have alabel containing the serving size and cannabinoid profile serving, a list ofingredients, and the following statement: “Keep this product out of reach ofchildren,” according to the bill text.
The Bill sponsor, Rep.Heather Edelson, said in response to the passing of the legislation that she was concernedabout the safety of delta-8 already being sold in Minnesota, adding that thoseproducts were “targeting young people and contained thresholds of THC that weretoo much for the average consumer,” the news outlet reported.
It’s been another eventful year for the cannabis industry, from the House passing the Marijuana Opportunity Reinvestment and Expungement (MORE) Act for the second time, to a federal appeals court ruling that delta-8 THC is legal under the 2018 Farm Bill, to lawmakers once again failing to approve banking reform.
Here, Jonathan Havens, co-chair of Saul Ewing Arnstein & Lehr’s Cannabis Law Practice and chair of the firm’s Food, Beverage and Agribusiness Practice, shares the biggest developments he’s seen so far in 2022, as well as which industry trends stakeholders should watch during the second half of the year.
1. Continued Consolidation
Mergers and acquisitions are still driving continued consolidation in the cannabis industry, Havens said. Local operators are joining forces with multistate operators as the MSOs expand their footprint and strengthen their brand story at the state and federal levels.
“I think ending the federal prohibition on cannabis is still farther off than some would like, but it seems like these MSOs are strengthening their footprint, expanding into the jurisdictions that they … haven’t been in before because the laws just weren’t there when they first started out,” Havens said. “I think consolidation is one of the big themes we’ve seen.”
2. ‘Interesting Scenarios’ in Federal Cannabis Policy Reform
November’s midterm election raises questions about how federal cannabis policy reform efforts may play out during the lame duck period, after the elections and until the new Congress is sworn in in January.
California’s regulated cannabis market just got a little bit more competitive with the robust illicit market that has continued to flex its power in the state.
Following Gov. Gavin Newsom’s signing of a $308-billion state budget on June 30, California’s weight-based cannabis cultivation tax was eliminated—effective July 1, 2022.
The cultivation tax, which imposed a $161-per-pound rate on licensed growers—regardless of the current market value of cannabis—was abolished via Assembly Bill 195, which was attached as a trailer to the state budget.
On June 29, the California Senate passed A.B. 195 via a 34-0 vote, while the Assembly passed the measure, 69-1. Assemblymember Rudy Salas casted the lone no vote before Newsom signed the budget the following day.
Among the measures included in A.B. 195, the bill also maintains a 15% cannabis excise tax but moves the collection of that excise tax from distributors to point of retail sale by Jan. 1, 2023.
The tax reform included in the legislation will help brace the licensed industry, California Cannabis Industry Association (CCIA) Executive Director Lindsay Robinson said in a statement to Cannabis Business Times.
Name: Zoe Reece
Location: Waikato, New Zealand
Title: Founder & CEO, Ora Pharm
One word to describe your cultivation style: Process. Being an engineer, I have a big focus on process and commercialization.
Indoor, outdoor, greenhouse or a combination: Combination – currently greenhouse but soon expanding to outdoor and indoor as well.
Can you share a bit of your background and how you and your company got to the present day?
I decided to move home to New Zealand in 2019 to bring back [the] extensive cannabis industry experience [I] acquired in the U.S. I am a civil/structural engineer who graduated from the University of Auckland with Honors. After graduating, I worked in the mining and construction industries in engineering, supervising and project management roles.
At Curaleaf, [I acted as] the director of engineering and project manager, [and] reported to the chief operating officer. I played a leading role in the company’s expansion by completing the design, planning, build, and start-up of more than 80 operational facilities in the two years I was with Curaleaf. I helped secure licenses in nine states and was involved in implementing state regulations for the company in 16 states. During my time at Curaleaf, [I] had exposure to the end-to-end operation of the business, including scaling a cannabis company from a start-up to a high-volume business.
Ora Pharm started in July 2019; we received our medicinal cannabis license in New Zealand in January 2021. This month we received a government grant through Callaghan Innovation to further our R&D cultivation program. We are currently raising our Series A capital raise in order to expand our cultivation and fulfill export contracts.
What tool or software in your cultivation space can you not live without?
Safety Culture app. This has transformed our data capture process and transferred almost all paperwork processes to the digital world, helping to reduce time spent on capturing information as well as being able to review and use data a lot quicker.
The Isle of Man has approved its first medical cannabis business license, according to BBC News.
The island’s Gambling Supervision Commission, which oversees the industry, has awarded GrowLab Organics (GLO) a conditional license to cultivate, extract, manufacture, import and export medical cannabis, the news outlet reported.
Enterprise Minister Tim Crookall told BBC News that the license approval “represents the dawn of a new economic sector” in the country that will result in “high-value economic diversification.” He said the industry will provide new jobs and training opportunities, and “encourage inward investment.”
GLO co-founder and CEO Alex Fray told BBC News that the company expects to create more than 50 jobs within the next three years.
The Gambling Supervision Commission opened the medical cannabis business license application process in June 2021, the news outlet reported.
SANTA CRUZ, California, June 30, 2022 - PRESS RELEASE - SC Labs recently announced its new partnership with Agricor and Botanacor Laboratories in Colorado. As part of the company’s new corporate leadership, long-time operating executive Jeff Journey will serve as the company’s new CEO. Under the SC Labs brand, the new multi-state lab will service cannabis and hemp brands in Oregon, California, and Colorado and will soon announce a new partnership with Can-Lab in Michigan.
Journey previously served as vice president and general manager for a $1B+ Biosciences business unit of Thermo Fisher Scientific and brings experience in lab business intelligence and operations to the new role. His breadth of experience across regulated industries, including leading teams across strategy, R&D, product management, marketing, sales, and customer success, will serve to guide SC Labs’ growth strategy as the company aims to be the leader in cannabis and hemp science.
“It’s an honor to join this new company based on the foundation of three leading labs that have partnered to provide the industry with the highest level of scientific knowledge and technology in cannabis and hemp,” Journey said. “This new company will be about so much more than testing and R&D. We’re looking forward to partnering with cannabis and hemp brands at every stage of the supply chain to share our innovative and forward-thinking scientific expertise so they can deliver safe products to the marketplace.”
In this new role, Journey joins the expanded SC Labs leadership team, including Jeff Gray as chief innovation officer, Josh Wurzer as chief operating officer, Brendon Firestone as chief commercial officer, Grant Gooder as chief financial officer and Richard Strong as senior vice president of IT and Digital Experience. The new company is poised to lead the cannabis and hemp testing market in client service through a broader range of testing resources, improved data delivery, innovative science, instrument redundancy and increased testing capacity, and improved operations to accelerate turnaround times.
“As cannabis legalization expands across the country, the testing industry is rapidly shifting and scaling to meet both market and regulatory demands,” according to Journey. “The most important assets we can offer as a multi-state operator are scientific expertise, financial stability, and unquestionable integrity, the principles on which SC Labs has long stood for and will continue to provide to our valued customers.”
]]>Earlier this month, the Los Angeles City Council approved the “Emblem Program for Authorized Cannabis Stores” to protect cannabis consumers from untested and unregulated products at unlicensed retailers that continue to operate in California’s still-thriving illicit cannabis market.
The program, which required the Los Angeles City Attorney’s office to draft an ordinance to implement it, allows licensed retailers to apply for an emblem that can be displayed on their storefronts to help differentiate legal and illegal dispensaries.
The Los Angeles City Council voted June 29 to approve the ordinance, which will require licensed cannabis business to display a placard to indicate that they are operating legally and in compliance with public health regulations, according to CBS Los Angeles.
The placards are intended to show both the public and law enforcement that the business is operating legally, the news outlet reported. They are expected to be displayed at licensed retailers later this year.
“Unfortunately, unlicensed commercial cannabis activity continues to undermine the legal commercial cannabis industry and threaten the health and safety of Los Angeles residents,” City Councilman Paul Koretz said in a statement, according to CBS Los Angeles. “I have been working on getting this emblem program designed and implemented for the past few years and I'm incredibly grateful for the Department of Cannabis Regulation's steadfast work.”
June is a month-long celebration for the LGBTQ+ community, and each year, many companies saturate their social media pages and marketing efforts with rainbow colors and icons to show recognition.
But what substantive actions can companies take to make real progress and show advocacy for LGBTQ+ people, people of color, and other marginalized individuals?
In honor of Pride Month 2022, Cannabis Business Times spoke with Jushi Holdings Executive Vice President of Retail Operations Brendon Lynch, also a member of the LGBTQ+ community, to discuss how cannabis companies can promote equity and inclusion within the industry vs. “rainbow washing.”
Andriana Ruscitto (AR): What is the connection between the LGBTQ+ movement and cannabis legalization?
Brendon Lynch (BL): The connection between the cannabis and LGBTQ+ reform movements can be traced back decades. The LGBTQ+ community in San Francisco started the initial push for medical marijuana legalization in the U.S. in response to the AIDS epidemic in California.
One of the first major pieces of legislation decriminalizing medical marijuana was passed in large part thanks to Harvey Milk, the country’s first openly gay man to hold public office. While there have been significant accomplishments in the cannabis and LGBTQ+ movements, there is still much work to be done, and I am humbled to be part of it.
Thousands of Virginians waiting to access the state’s medical cannabis program will no longer have to endure a two-month waiting period to receive their registration cards under new legislation that takes effect July 1.
The law, House Bill 933, signed by Gov. Glenn Youngkin on April 11, does away with the requirement that medical cannabis patients—or parents/legal guardians of patients—register with the state’s Board of Pharmacy. Instead, medical cannabis patients will only need a written certification from a registered practitioner along with a government-issued ID to obtain medical cannabis products at a state-licensed dispensary.
Showing proof of registration with the Board of Pharmacy (a medical cannabis card) will no longer be required.
RELATED: Virginia Governor Signs Bill Eliminating Cannabis Patient Registry Requirement
At the time of Youngkin’s signing, there were more than 47,000 program registrations with an estimated 8,000 applicants still awaiting approval from the Board of Pharmacy, according to reform group NORML.
As of June 29, there were 52,810 registered medical cannabis patients registered with the Board of Pharmacy and roughly 4,900 applications that required additional information or were waiting in the backlog for initial review, ABC-affiliate WRIC reported.
The list for pesticides that can be used on cannabis without being a violation of the Pesticide Applicators' Act has been updated. Please note the following products have been added:
BotaniGard Optima ESMycotrol Optima ESOBoteGHA Optima ESNatria Disease & Fungus Control Ready to UseNatria Disease & Fungus Control ConcentrateBioAdvance Science-Based Solutions Organic Brand Disease & Fungus Control Ready to UseTetraCurb MaxTo view the updated list, click here for a pdf or click here for an Excel form. For questions regarding this change, contact Jolynn Morris at (303) 869-9060 or email [email protected].
The Colorado Department of Agriculture (CDA) is currently reviewing pesticide labels upon request and maintaining a list of products whose label it has reviewed that it believes could be used on marijuana without violating 35-10-117(1)(i), as long as the applicator follows the label directions.
Please be sure to review the list; pesticide products may be removed from the allowed products list if the registrant has not renewed their pesticide product with the department. Use of unregistered pesticides on Cannabis would be a violation of the Pesticide Applicators' Act.
Stay Informed
MIAMI andBOSTON, June 29, 2022 (GLOBE NEWSWIRE) --PRESS RELEASE-- Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a vertically integrated U.S. multi-state cannabis operator,announced the opening of AYR in Back Bay, the company’s flagship dispensary inBoston. Sales begin on Saturday, July 2nd at 10am ET, representingthe company’s first adult-use retail sales in Massachusetts.
Located at 827Boylston St. in the heart of Boston’s famous Back Bay neighborhood, directlynext to the Apple Store and across from the Prudential Center, the dispensaryis expected to benefit from the significant shopping, dining and culturalactivities the Back Bay is known for, and will feature a wide range of cannabisbrands and products, including Ayr’s own Kynd premium flower, Secret Orchard vapes,Wicked edibles, Levia THC infused seltzer, and HAZE concentrates, to addressexperienced consumers as well as those newer to cannabis.
“We areincredibly excited to open our first adult-use store in Massachusetts,particularly in the enviable location of Boston’s Back Bay. We appreciate thewarm welcome that we’ve received by the City of Boston, the Back BayAssociation, the Neighborhood Association of Back Bay, and all of thesurrounding businesses and community groups. We look forward to further actingon our commitment of being a force for good throughout Back Bay and the localcommunities,” said Jonathan Sandelman, Founder, Chairman and CEO of Ayr. “Ourteam has cultivated a welcoming environment for all that adds to the integrityof this historic neighborhood and adds new jobs and community investment, andwe’re excited to welcome each of you to come visit.”
“Between thePrudential Center and the surrounding destination bars and restaurants, ourBack Bay store is in one of the busiest parts of Boston, and we believe thiswill be one of the best located dispensaries in the state of Massachusetts.”
]]>Two-time Olympic gold medalist and WNBA star Brittney Griner is set to go to trial in Russia Friday July 1. Griner was detained Feb. 17 at Sheremetyevo International Airport in Moscow, Russia, for having vape cartridges that contained cannabis oil, according to The Washington Post. Griner has been in custody for more than four months now.
Because cannabis is illegal in Russia, Griner could face up to ten years in prison on the drug charges.
Many experts, according to The Washington Post, speculate that Griner’s trial will most likely have a result of a prison sentence and a guilty verdict. An article from Insider states, “This case is already decided.”
“According to the Associated Press, fewer than 1 percent of defendants in Russian criminal cases are acquitted, and acquittals can be overturned,” according to The Washington Post.
]]>Nevada Gov. Steve Sisolak signed legislation last summer to legalize cannabis consumption lounges, and now, a year later, state officials have signed off on regulations to govern them.
The Cannabis Compliance Board approved the rules June 28, paving the way for bar-like establishments where people can consume cannabis, according to The Nevada Independent.
Board members held 15 public meetings to develop the regulations, the news outlet reported, and despite public comment suggesting sweeping changes to the rules that were initially proposed, the board approved the regulations Tuesday with only minor verbiage tweaks.
One change removed a paragraph on how to determine whether a cannabis consumption lounge is located an adequate distance from schools and casinos, The Nevada Independent reported, while another removed the word “continually” from a requirement that lounge staff monitor surveillance footage of the premises.
“I would not be in favor of pulling the regs for those changes, given the amount of time we’ve had,” Cannabis Compliance Board member Riana Durrett said, according to The Nevada Independent. “We're not going to be able to continue to keep putting these on agendas and then wait for more ideas and more ideas when I think so much work was put into these, and most requests were accommodated.”
Las Vegas – June 29, 2022 --PRESS RELEASE-- The Source+, one of the state’s top cannabis companies since opening in 2015, will open its sixth location on Saturday, July 16, at 2370 Homestead Rd. in Pahrump, Nevada. This will be the company’s sixth dispensary and the first Source+ location to offer a drive-thru pickup service.
“Bringing The Source+ to Pahrump and Nye County has been very exciting for our team, and we’re thrilled to share exclusive products and hospitality with the community,” said CEO of The Source+, Steve Haffer. “In a town that prides itself on independence, our mission is to always make sure we provide a safe and respectful environment where our patients and customers can easily and affordably obtain a host of wellness products and services.”
The new 3,400-square-foot showroom will display and offer a wide selection of brands, including CAMP, Onederful and 8|Fold. The Source+ also features a variety of edibles, concentrates, tinctures, and other cannabis products that its customers have come to love and know over the past seven years.
Other locations for The Source+ include the original at 2550 S. Rainbow Blvd. at the corner of Sahara Avenue in Las Vegas, the Henderson location at 9480 S. Eastern Ave., the Reno location at 5270 Longley Ln., Suite 103, the North Las Vegas location at 420 E Deer Springs Way, and the company’s first store on the East Coast located at 58 Pleasant St. in Northampton, Massachusetts.
As a community-driven company, The Source+ has prioritized giving back to its communities since its inception, supporting local partners by donating more than $700,000 to local nonprofits, including Opportunity Village, Helping Hands of Las Vegas, Community Counseling Centers of Southern Nevada, The Cupcake Girls, Mondays Dark and more.
]]>Washington, D.C., residents have been legally able to possess, consume, home cultivate and gift cannabis since the district’s voters approved Initiative 71 in the November 2014 election to legalize adult-use cannabis.
City Council members have their hands tied when it comes to regulating and taxing commercial adult-use sales in the district, however, due to a rider introduced by U.S. Rep. Andy Harris in 2015 that stripped D.C.’s power to oversee a retail industry. Commonly referred to as the Harris rider, the provision has been in place ever since.
RELATED: D.C. Remains on Cannabis Sales Sideline in New Omnibus Bill
City Council does have the authority to regulate medical cannabis in the district, however, and has used that power to untangle some of the industry’s complexities.
Councilmembers unanimously voted June 28 to pass the Medical Marijuana Self-Certification Emergency Amendment Act of 2022 to allow residents 21 and older to self-certify their eligibility for medical cannabis without requiring a healthcare practitioner’s recommendation.
