MjLink Cannabis Business News and Press

In the effort to protect the health and safety of our attendees, employees and communities amidst the developments of the Coronavirus disease (COVID-19) global pandemic, we have made the difficult decision not to hold Cannabis Conference 2020 in April, and are actively working with our meeting hotel, Paris Las Vegas Resort & Casino, to determine potential alternative dates for the event.   

All registrations and exhibition contracts will be honored for the future event dates.

During this turbulent and uncertain period, we ask for your patience and understanding as we work together to coordinate this important education and networking event for the cannabis industry.

We’ll be sure to keep you in the loop as we learn more. Updates will be provided as soon as they’re available on our conference and publication websites, social media channels and email newsletters.

In the meantime, we wish for you to stay safe and be well. The Centers for Disease Control’s full guidance on steps to protect yourself and others can be found here.

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The New Jersey Supreme Court ruled March 10 that employers must accommodate workers’ off-duty medical cannabis use in a decision that marks a shift in the courts’ view of medical cannabis in the state, according to Pashman Stein Associate Dillon McGuire.

Justin Wild, a former funeral director for Feeney Funeral Home, had been treating his cancer with medical cannabis for a year without receiving any negative performance evaluations from his employer. When Wild had a minor car accident while on duty, Feeney Funeral Home tested him for drugs and alcohol as part of their company policy.

“At that time, he said, ‘Look, I have this medical marijuana card. I guarantee my test will be positive for marijuana, but it’s prescribed. I’m using it at home, after work hours,’” McGuire, whose firm was an amicus on the case, representing the ACLU and arguing on behalf of the plaintiff, told Cannabis Business Times.

When Wild failed the drug test, Feeney Funeral Home terminated him, prompting him to file a claim under New Jersey’s law against discrimination, alleging that his employer discriminated against him based on his medical condition and his need to use cannabis to treat it.

A trial court then ruled that there was a provision under an earlier version of New Jersey’s Compassionate Use Act, which has since been amended, that said employers were not required to accommodate the use of medical cannabis in the workplace.

This week, Illinois Gov. J.B. Pritzker issued an executive order to extend the state’s deadline for its second phase of adult-use cannabis license applications due to coronavirus concerns. Elsewhere, in Virginia, lawmakers sent a cannabis decriminalization bill to Gov. Ralph Northam, who has vowed to sign the proposal into law this year.

Here, we’ve rounded up the 10 headlines you need to know before this week is over.

Florida: An amendment that imposes a 10% THC limit on medical cannabis products for patients under the age of 21 has passed the Florida House in a voice vote. House Speaker Jose Oliva announced last month that he would like to pass legislation this year to limit the potency of medical cannabis products in the state, although the Senate has shown little interest in the issue; a proposal was introduced and then withdrawn in that chamber earlier during this year’s session after it failed to garner enough support. Read moreVirginia: Lawmakers have sent a cannabis decriminalization bill to Gov. Ralph Northam, who has vowed to sign the proposal into law this year. The legislation reduces the penalty for simple cannabis possession of up to one ounce to a $50 fine or five hours of community service. Read moreWashington: The Senate approved legislation March 9 that would allow regulators to bolster social equity in Washington’s cannabis licensing process. The bill, approved by the Senate in a 28-20 vote, would allow the Washington State Liquor and Cannabis Board to award previously revoked or canceled cannabis retail licenses to social equity applicants, which are defined as minority applicants who own at least 51% of a cannabis dispensary business. Read moreMissouri: The Senate approved a bill March 9 that would ban cannabis-infused candy in the state’s medical cannabis program in an effort to protect children. The legislation would prohibit candy, lollipops, cotton candy, and fruit- and animal-shaped edibles that could appeal to children, and it would require that all cannabis-infused food or its packaging bear a stamp with dosage information. Read moreIowa: The Iowa House approved legislation this week that would change the THC cap in the state’s medical cannabis program. The bill, House File 2589, would replace the state’s current 3% THC limit for medical cannabis products with a limit of 4.5 grams of THC in a 90-day period. Read moreSouth Dakota: The Ogala Sioux Tribe approved a referendum March 10 to legalize medical and adult-use cannabis on South Dakota’s Pine Ridge Reservation. The tribe is the first to establish a regulated cannabis market in the state, where both medical and adult-use cannabis remain illegal. Read moreTennessee: The Tennessee Senate approved a bill March 11 that would legalize medical cannabis in the state, after the legislation was amended to delay its implementation until the federal government shifts its policy on cannabis. Medical cannabis sales would have launched next year under the original version of the bill, but the new amendment, introduced by Sen. Bo Watson, delays the legislation’s enactment until if and when the federal government reclassifies cannabis from a Schedule I drug to Schedule II under the Controlled Substances Act. Read moreIllinois: Gov. J.B. Pritzker has issued an executive order to extend the state’s deadline for its second phase of adult-use cannabis license applications due to coronavirus concerns. The deadline for businesses to apply for craft grower, infuser and transporter licenses has been extended from March 16 to March 30 to prevent the spread of the illness. Read moreAlabama: The Alabama Senate approved legislation March 12 that would legalize and regulate medical cannabis in the state. Sen. Tim Melson introduced the bill, S.B. 165, last month to establish a regulatory framework for the cultivation, production, testing and sale of medical cannabis in Alabama, and the legislation now heads to the House for consideration. Read moreInternational: Three Senate committees have approved a draft bill in Mexico that would create a legal, regulated market for medical, adult-use and industrial cannabis. The bill will now be debated in another meeting of the three Senate committees, as well as in a plenary session of the upper house, and a vote is expected as soon as next week. Read more

As COVID-19 continues to spread across the U.S., the implications are vast and complicated for business stakeholders and customers alike. International and domestic supply chains are feeling unprecedented economic pressure, and anyone monitoring the hourly news cycle is looking for clarity. 

  OHIO: The Ohio Medical Marijuana Control Program (MMCP) is issuing a mandatory product recall on plant material cultivated by Pure Ohio Wellness. This recall is being initiated by the MMCP because product that did not receive the full battery of required testing was sold at dispensaries. The product was not tested for heavy metals, Read the full article...

The Alabama Senate approved legislation March 12 that would legalize and regulate medical cannabis in the state, according to an AL.com report.

Sen. Tim Melson introduced the bill, S.B. 165, last month to establish a regulatory framework for the cultivation, production, testing and sale of medical cannabis in Alabama.

The legislation would create the Alabama Medical Cannabis Commission, which would be charged with licensing cannabis businesses, as well as creating and maintaining a patient registry and issuing medical cannabis ID cards to qualified patients, AL.com reported.

The legislation would allow doctors who receive training to recommend medical cannabis to patients with several qualifying conditions, according to the news outlet, including: anxiety or panic disorder; nausea, weight loss or pain related to cancer; Crohn’s disease; epilepsy or other conditions causing seizures; fibromyalgia; nausea or weight loss related to HIV; persistent nausea; post-traumatic stress disorder; sleep disorders; spasticity associated with a motor neuron disease, multiple sclerosis or spinal cord injury; Tourette’s Syndrome; conditions that cause chronic or intractable pain; and terminal illnesses in which a patient’s life expectancy is six months or less.

The Senate approved an amendment by Sen. Vivian Davis Figures that added menopause and premenstrual syndrome to the list of qualifying conditions, according to AL.com.

Illinois Gov. J.B. Pritzker has issued an executive order to extend the state’s deadline for its second phase of adult-use cannabis license applications due to coronavirus concerns, according to the Chicago Tribune.

The deadline for businesses to apply for craft grower, infuser and transporter licenses has been extended to March 30 to prevent the spread of the illness, the news outlet reported.

The original deadline was 5 p.m. on March 16.

The state can license up to 40 craft growers, 40 cannabis infusers and an unlimited number of transporters in this next licensing round, the Chicago Tribune reported.

The licenses will be issued by July 1, according to the news outlet.

Illinois convention also postponed; new dates pending Action was necessary as part of public-health response to COVID-19 MASSACHUSETTS: The New England Cannabis Convention announced today it has rescheduled its NECANN Boston 2020 show to June 27, 28 and 29 at the Hynes Convention Center in Boston.  The annual meeting of the New England Cannabis industry Read the full article...

The 2020 North Central Extension & Research Activity-101 (NCERA-101) Annual Meeting, which was scheduled for March 15-18, has been postponed because of the coronavirus. The event is a gathering of minds in controlled environment agriculture (CEA).

NCERA-101 was scheduled to be held at the Tucson Marriott University Park Hotel in Tucson, Ariz., and will still take place there on a new date. It will likely be sometime in September, said Carole Saravitz, who is a research associate professor and the director of North Carolina State University’s Phytotron plant research facility, as well as a member of NCERA-101 and manager of the group’s website.

“In the next couple of days, we'll have firm dates on when the conference will be,” she said March 12. “As planned, we're figuring [September] will be past the coronavirus thing.”

RELATED: Coronavirus Puts Pressure on the Cannabis Supply Chain

Every year, the event includes education and tours focused on controlled-environment produce, cannabis and ornamental plant production. The original schedule included a tour of Bayer’s new seven-acre Marana Greenhouse facility and the University of Arizona’s Controlled Environment Agriculture Center (CEAC), according to Saravitz and NCERA-101’s meeting agenda.

Royal Heins, professor emeritus at Michigan State University, was scheduled to speak on “Cultural and flowering physiology of Hemp,” according to the meeting agenda. Ricardo Hernandez, an assistant professor at North Carolina State University who conducts hemp research, had plans to attend, Saravitz said. She said it’s likely that the postponed event will include tours of the same facilities and much of the same education.

Glass House Farms has completed its 355,000-sq.-ft. greenhouse expansion in the Carpinteria Valley, northwest of Los Angeles, bringing the company’s total greenhouse space to 505,000 square feet. The new facility marks a 34-month process, from buying the property to completing the first harvest, Glass House Group President Graham Farrar tells Cannabis Business Times. 

 

“You have this vision in your head of how things are going to work, and you build it all, invest tens of millions of dollars and three years of time, and you hope you’re right. So far, knocking on wood, six harvests in now and it looks absolutely beautiful,” he says.

Quality, consistency and efficiency are the three pillars that guided this expansion, he adds. At the new greenhouse, employees are no longer handling one plant at a time. The crop is moved via rolling trays and rail-track system, allowing the company to hit six harvests per year at the new facility (as opposed to the 4.8 they’d ramped up to at the first greenhouse). The Glass House team took the controlled-environment principles of an indoor grow and applied them to a massive greenhouse space, leaning toward higher plant density, smaller plants and faster harvest—all scaled up to 10 acres.

“The things that for the last five years had been bugging me, that I wish were better about the first farm are now better at the second farm. The efficiency, the scale, the quality,” he says.

In practical terms, the new greenhouse multiplies Glass House’s existing square footage by 2.4 times. But, more important, it multiplies the company’s existing cultivation canopy by 3.5 times. This is crucial, Farrar says, as the California cannabis market is facing a supply shortage in the legal, licensed marketplace. Illicit market cannabis sales continue to outpace legal spending in California, meaning companies with the increased capacity to grow cannabis are on the front lines of the state industry’s ability to respond.

For a professional athlete, a typical bad day at the office might include a broken rib, torn ligaments, or mild traumatic brain injury. So it’s unsurprising that drug use—both legal and illegal—is rampant amongst these modern-day gladiators, who depend on substances not only to enhance their performance, but also to ease their pain. As cannabis legalization spreads across the US, bringing the popularity of plant-derived natural compounds such as CBD along with it, professional sports leagues in the US are updating their policies accordingly.

Three months after Major League Baseball announced that it would remove cannabis from its list of “drugs of abuse,” and treat cannabis consumption more like that of alcohol, a new memo reported by ESPN shows the league is further clarifying its policy. According to ESPN, deputy commissioner Dan Halem wrote the league retains the right to punish players who break existing laws—possession, distribution, and driving under the influence among them—and that players who turn up to practice, games, or other league events visibly under the influence will be subject to a “mandatory evaluation” and potential treatment program.

Click here to read the complete article

Jenni Avins ~ Quartz

WASHINGTON — PRESS RELEASE — The Cannabis Trade Federation (CTF), a national coalition of cannabis-related businesses, has announced that Neal Levine has decided to step down as CEO of the Federation.

“When I initially accepted this position in June of 2018, I agreed to do the job for two years with a decision in January 2020 as to whether or not I wished to continue in the role,” said Levine. “While I have enjoyed setting up the organization, it was never my intent to run it long-term. With the election heating up and legislative movement in Washington D.C. starting to slow down for the year, now is the perfect time to make a transition.”

CTF will immediately begin a search for a new CEO, with Neal remaining in the role until a new CEO is hired. CTF is also announcing that Neal has accepted a promotion to The Board of Directors pending ratification by the Board, and has agreed to remain with the organization as Senior Strategic Advisor.

“Neal is our founder and visionary, and we are delighted that he agreed to be elevated to the Board and remain with CTF as Senior Strategic Advisor. He has always been very transparent about this being a two-year commitment, and we are grateful for the time he has invested in the organization,” said Ed Conklin, chair of the CTF Board of Directors. “We cannot adequately praise Neal enough for his expert stewardship, industry-building, and thought leadership across the aisle with CTF as he enters his next chapter.”

“I am grateful to the Board for their support and willingness to allow me to pursue other projects that I have sidelined to focus on this role, while still allowing me to help build and guide the organization,” said Levine. “While I no longer wish to focus on CTF full time, I remain fully supportive of CTF as an organization and its mission. I am excited to see where the organization can go with fresh leadership.”

SMITHS FALLS, ON, March 11, 2020 /CNW/ - PRESS RELEASE - Canopy Growth Corporation and TerrAscend Canada Inc., a wholly owned subsidiary of TerrAscend Corp., have announced they have entered into a loan financing arrangement in the amount of C$80.5 million pursuant to a secured debenture. In connection with the loan, TerrAscend has issued 17,808,975 common share purchase warrants to the company.

Canopy Growth initially co-invested in TerrAscend in November 2017. On Nov. 30, 2018, Canopy Growth announced the completion of a restructuring transaction with TerrAscend pursuant to which TerrAscend restructured its share capital by way of a plan of arrangement under the Business Corporations Act (Ontario).

"TerrAscend Canada has proven its ability to thrive and this loan is a strong signal that Canopy Growth is confident in their ability to execute over the long term," said David Klein, CEO of Canopy Growth. "We are encouraged by TerrAscend's strong performance and we view the team's experience as an important contributor to its continued success."

"We are pleased to receive this loan from Canopy Growth as we enter into the next stage of TerrAscend's growth and expansion," said Jason Ackerman, executive chairman and interim CEO. "We look forward to continuing to work with Canopy Growth as new opportunities emerge and the regulatory landscape evolves."

Use of Proceeds

Los Angeles, March 11, 2020 (GLOBE NEWSWIRE) -- PRESS RELEASE -- Hightimes Holding Corp., the owner of High Times, has announced that it has been approved for trading and has received its ticker symbol from FINRA. Upon completion of certain regulatory formalities, Hightimes will trade under the symbol “HTHC.”

The company, which is presently conducting a Reg A+ IPO, has garnered over $20,000,000 in investments from more than 25,000 shareholders. The High Times organization believes the ticker HTHC, an acronym for Hightimes Holding Corp., best identifies the company’s next chapter. The company polled its investors to decide the company’s ticker, receiving over 82% in support of the HTHC symbol.

“We’re extremely excited to shortly complete our Regulation A + process and commence trading--this approval for trading has been a long time coming! The support from our shareholders has been overwhelming, and this was really a decision which we sought input from our over 25,000 investors,” said Adam Levin, Hightimes Holding Corp.’s executive chairman. “We have an incredible community of investors who are actively engaging with our brand, and our community is growing by the day!”

“What better way to enter the public markets than crowdsourcing our ticker? This was truly a community decision. We wanted to open this up to our shareholders as this will be a symbol that defines us all for years to come,” Hightimes Chief Executive Officer Stormy Simon noted.

Levin continued, ”We believe that the Hightimes Regulation A+ investment campaign has proven to be one of the most successful offerings of its type - across any industry.”

The Washington State Liquor and Cannabis Board has continued the public hearing on WSR 20-03-176 regarding marijuana quality control rule revisions, originally scheduled for Wednesday, March 18, 2020 at 10:00 a.m. to Wednesday, April 1, 2020 at 10:00 a.m. As a result of this continuance, the public comment period has been extended to the close Read the full article...

The Tennessee Senate approved a bill to legalize medical cannabis in the state March 11, after the legislation was amended to delay its implementation until the federal government shifts its policy on cannabis, according to a Tennessean report.

Sen. Steve Dickerson and Rep. Bryan Terry introduced the bill to allow qualified patients to access cannabis oils, tinctures, lotions and capsules but not smokable cannabis, vapes or edibles.

The legislation would create a regulatory framework for licensed businesses to grow and sell cannabis products, and would establish a new regulatory body, called the Clinical Cannabis Commission, which would issue medical cannabis cards to patients with one of a few dozen qualifying conditions who have been given a recommendation from a medical practitioner.

Medical cannabis sales would have launched next year under the original version of the bill, but the new amendment, introduced by Sen. Bo Watson, delays the legislation’s enactment until if and when the federal government reclassifies cannabis from a Schedule I drug to Schedule II under the Controlled Substances Act, the Tennessean reported.

The legislation now advances to the Senate Government Operations Committee for further consideration, according to the news outlet.

The Ogala Sioux Tribe approved a referendum March 10 to legalize medical and adult-use cannabis on South Dakota’s Pine Ridge Reservation, according to an AP News report.

The official results of the vote will be certified by the end of the month, the news outlet reported, but according to results announced March 11, the medical cannabis legalization measure passed with 82% approval and the adult-use measure passed with 74% approval.

The tribe is the first to establish a regulated cannabis market in the state, where both medical and adult-use cannabis remain illegal. Earlier this year, South Dakota became the first state to place medical and adult-use legalization measures on the same ballot, leaving voters to decide on statewide legalization this November.

The tribal council will take up cannabis legalization March 31 and will work to enact laws to regulate cannabis within the tribe’s jurisdiction, according to AP News. The tribe will not take ownership of cannabis production or retail outlets, according to its initial plans, but will instead license individuals and levy a retail tax on cannabis sales, the news outlet reported.

WASHINGTON: The public hearing for Quality Control Testing rules is currently on the March 18, 2020 Board agenda. Given COVID-19 concerns, the Board voted yesterday to cancel tomorrow’s Board meeting, and continue this public hearing until the next scheduled Board meeting at 10 a.m. on April 1, 2020. Kathy Hoffman, Policy and Rules coordinator, will file Read the full article...

(SARASOTA – 3/11/20 – PRESS RELEASE) As the U.S. legal medical and recreational marijuana market continues to explode with nearly $30 billion in sales projected by 2023, hobby and commercial cannabis growers are searching for safe and effective ways to keep their plants healthy. To support home and commercial cannabis and hemp growers, Florida start-up Sarasota Green Group (SGG) has recently launched a product line of OMRI Listed pest and disease control solutions that help maximize yields.

Grower’s Ally product lines are FIFRA 25(b) exempt and leave zero residual, preventing disease and protecting outdoor grow operations, greenhouses and hydroponic crops during all stages of growth, using safe and natural ingredients like rosemary, clove and peppermint oils and citric acid.

As Sarasota Green Group prepares to sell to growers, hydroponic retailers and garden centers, and directly to consumers through its Amazon storefront, veteran business leader Scott Allshouse has been tapped as SGG’s first chief executive officer. The former CEO of Buddy Fruits has over 20 years of experience in the consumer-packaged goods industry and looks forward to growing the new company.

“Consuming and growing in a healthy manner is becoming more important to today’s recreational and medical cannabis consumer as further research is done on the risks of contamination in products,” Allshouse said. “Sarasota Green Group is on a mission to support cannabis and hemp growers in providing safe, chemical-free products that maximize yields and maintain healthy crops.”

Grower’s Ally products, available in both ready-to-use and concentrate forms, are specifically formulated to control and eliminate the most common pests and problems that cannabis growers face, like spider mites and powdery mildew. Proven effective through extensive testing by independent labs, Spider Mite Control and Fungicide leave behind no residual and can be used up until the day of harvest with no sensory effect on yields.

Half of patients (47%) got enough relief from cannabis to reduce or cease their painkiller usage.

Fibromyalgia is an intractable condition defined by chronic, widespread pain and debilitation.

But a recent study published in Clinical and Experimental Rheumatology demonstrated that cannabis can be used effectively to remedy these problems, at least by some patients.

Click here to read the complete article

Adrian Devitt-Lee ~ ProjectCBD.org ~