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Canadian Merger Creates Legal Weed Behemoth

By Alex Halperin on December 6, 2016 News

Possibly the largest legal pot company in the world.

Here’s your daily dose of pot news from the newsletter WeedWeek.

Canada’s Canopy Growth Corp. will acquire Mettrum Health Corp. for C$430M, creating a dominant Canadian player.

Vice examines 280E, the tax code provision used to tax marijuana businesses more than other businesses.

Warehouse rents are skyrocketing in legal states. But the New York Stock Exchange IPO of cannabis real estate trust Innovative Industrial Properties went nowhere, following the Sessions nomination.

The BBC calls Albania, a small, poor country in southeast Europe, the continent’s “ outdoor cannabis capital.”

The industry could create an opportunity for clean energy technologies like “ renewable microgrids.”

LAWeekly asks if small cannabis businesses can survive legalization.

Accounting Today says, “ The Cannabis Industry Needs Accountants.”

Pot was a hot topic at the 2016 Wine Industry Expo. For more see here.

Financial firm Cowen said legalization is bad for beer sales. MarketWatch disagrees.

Dispensaries offered discounts for “ Green Friday.” (The shopping day after Thanksgiving.)

The BBC profiles John Stewart, an executive who was CEO of Purdue Pharma, which sells the opioid Oxycontin and now leads a MED company in Canada.

There’s an incubator that aims to turn formerly-incarcerated drug dealers into legal entrepreneurs.

Century Bank in Massachusetts openly works with pot businesses.

A new site called The Cannifornian will cover legalization in the state. Parent company Digital First Media also owns The Denver Post and its site The Cannabist.

RAND Corporation scholar Beau Kilmer editorializes in favor of the state legalization experiments.

Denver’s social use measure may face legal challenges. Juneau, Ak.’s first dispensary opened and sold out in three hours.

Maryland’s pot regulator has hired a diversity consultant, after it failed to award any of its initial 30 licenses to African-Americans. It has also given preliminary approval for 102 MED dispensary licenses. The names will be made public this week.

Florida’s MED community has few friends in Tallahassee. The new law will also undermine the state’s largely disregarded bong ban.

The Cannabist meets Rilie Ray Morgan, the 66-year old man who championed MED in North Dakota.

Colorado Gov. John Hickenlooper (D) is launching a new effort to use pot taxes to build apartments for the chronically homeless.

Massachusetts may delay implementing aspects of its REC law. Maine will recount its REC vote. MED legalization is on the table in Ireland and South Africa.

British politician Nick Clegg called for legalization. Vice sketches out what a legal U.K. market for recreational drugs could look like.

What Does the $66 Billion Bayer/Monsanto Merger Mean for Pot?

By Alex Halperin on September 21, 2016 News, Uncategorized

The new company will be a major player in seeds and pharmaceuticals, two cannabis sweet spots.

Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.

In one of the largest mergers ever, the German chemical and pharamaceutical giant Bayer will buy seed company Monsanto for $66 billion. Mainstream reports did not bring it up, but both companies have long been seen as interested in the plant. (Bayer has a partnership with GW Pharmaceuticals.) In July, the far-left site Counterpunch published a piece called “ Monsanto, Bayer and the Push for Corporate Cannabis.”

Cannabis Reports CEO David Drake publicly shamed Leafly and Weedmaps for poor cybersecurity. Social network MassRoots and data firm Headset announced a strategic partnership.

At an L.A. conference, Viridian Capital Advisors president Scott Greiper said legalization will bring about the next industrial revolution.

Canna Law Blog discusses what makes for a weak brand mark? New cannabis business lawyer Daniel Shortt explains why he’s chosen the specialty.

Business school student Cameron Lehman writes about opening a dispensary with his plastic surgeon mom. U.C. Berkeley’s Haas business school is starting a speaker and case study series on the green rush.

Medical testing company Quest Diagnostics says the number of Americans testing positive for illegal drugs reached a decade high of 4%. Among “safety-sensitive” workers it was 1.8 %, a slight increase.

A new study found that states with legal, accessible MED saw decreases in opioid use in adults 21-40.

Reason asks “ What will control freaks ban next?” The answer appears to be the southeast Asian plant Kratom, which the DEA is adding to the list of schedule I drugs. Wired calls Kratom a promising treatmentfor opiate addition.

Dana-Farber Cancer Institute blogged on whether MED benefits cancer patients.

Food Safety News picked up a Leafly story about how to know if weed is past its sell-by date.

Fund Raises $93M to Invest in Pot

By Alex Halperin on August 17, 2016 News

Big-money investors are starting to see the upside in going “green.”

It’s the largest cannabis raise yet.

The following is excerpted from the newsletter WeedWeek. Get your free and confidential subscription at WeedWeek.net.

New York-based Tuatara Capital has raised $93M to invest in the industry. It’s the largest known cannabis investment fund, so far.

It’s possible that Canadian cannabis companies could list on U.S. stock exchanges before American ones, since the Canadian outfits would have the support of their federal government. Last month, Ontario’s Canopy Growth became the first cannabis producer to trade on a major exchange (Toronto).

In Tampa, Regions Bank furnished a $100,000 credit line to nutrient and equipment business Efftec International. The bank’s parent company Regions Financial is a Fortune 500 company that trades on the New York Stock Exchange.

A member of the local health board wants Marin General Hospital in Greenbrae, Calif. to be the first hospital in the country where MED is used “openly and transparently.”

A lab at Stanford is working on a saliva test for police to use on drivers. PLOS describes a newly discovered anti-psychotic mechanism for CBD.

Missouri is suing two stores for providing CBD-oil without a license. Following the DEA announcement, Time listed seven questions scientists want to study.

A European study found no correlation between cannabis use and an elevated need for health care services.

A Minnesota MED patient tells the story of her quest to relieve disabling back pain.

Denver lawyer Robert J. Corry writes that some patients do need 75 plants. Colorado recently limited the number of plants patients can have to 75, and suspended four doctors for recommending higher plant counts to hundreds of patients. Without special permission, Colorado patients can have six plants at home. The four doctors, who didn’t violate an established rule, have asked for their suspensions to be lifted.

Vice says policy reform is overlooking home growers.

A new law will allow Canadian MED patients to grow a “ limited amount” at home. A Canadian mom says hospital nurses in Toronto refuse to administer MED to her very ill son, due to opaque regulations.

Legalization in Canada could be the end of the country’s formal MED program.

Two dozen were treated after eating edibles at a festival in Ohio. There was a similar incident at abachelorette party in South Lake Tahoe, Calif.

There are 88 places that legally sell weed in Denver, see them all here

By William Breathes on July 2, 2014 Legalize It, News

Additional photos and more below.

Today marks six months since recreational marijuana sales began in Colorado, still the only state where such purchases can be made. (The first licensed retail shops in Washington are expected to open on July 7.) By the January 1 launch, eighteen stores had been licensed in Denver, and since then, the total has grown steadily. Some outlets have come and some have gone, but the latest total, as vetted by Westword‘s Amber Taufen, stands at a whopping 88 — fifteen more than our previous update in April.
All the licensed shops are included here, along with photos, videos, links and excerpts from reviews of the ones visited by Westword marijuana critic (your’s truly) William Breathes. See the countdown thanks to Michael Roberts below.

Pot-Smoking Judge Fired In Georgia

By Steve Elliott ~alapoet~ on September 6, 2011 News

Rome News-Tribune

Catoosa County Magistrate Judge Anthony Peters has been permanently dismissed for smoking marijuana and acting crazy

A judge in Georgia has been fired for smoking marijuana and for kicking down the doors at a relative’s house. The state Supreme Court unanimously, immediately and permanently removed Judge Anthony Peters of Catoosa County from the bench.

Peters, 49, “has not sought treatment for his admitted drug problems and has done nothing to show that he has any ability to live up to the high standard of conduct expected of members of the judiciary in Georgia,” reports Jim Galloway at the The Atlanta Journal-Constitution.

The court cited Judge Peters’ weekly use of marijuana during a two-month period from March to May of 2010, during which he said he used cannabis to wean himself off prescription narcotics, reports Steve Visser at the AJC. The judge said he had become addicted to prescription opiates after being seriously injured in a 2005 ATV accident.

The court also cited an incident in which Peters kicked in the doors of the home of his sister-in-law’s estranged husband, reports Andra Varin at Newsmax.

In another bizarre incident, the judge pointed a gun at himself and told another judge he was “not afraid to die.”

Washington Marijuana Dispensaries Fight For Licensing

By Steve Elliott ~alapoet~ on March 15, 2011 Dispensaries, News

Photo: Hemp Beach TV

The city of Federal Way, Washington, just south of Seattle, is trying to shut down three medical marijuana dispensaries, claiming they are illegal under state law. Two of the businesses are fighting back, appealing the city’s denial of their business licenses.

Federal Way city officials claim they are trying to enforce the state’s medical marijuana law, but they may run out of time if the Legislature changes that law in the coming weeks, reports Steve Maynard at The Tacoma News Tribune.

Congressman Frank Backs Marijuana Legalization At Expo

By Steve Elliott ~alapoet~ on February 28, 2011 Culture, Legislation

U.S. Rep. Barney Frank (D-Massachusetts) told attendees at the first Maine Medical Marijuana Expo on Saturday that current laws against marijuana use are expensive, are applied unevenly and should be repealed.

“People who make a personal decision to smoke marijuana should not be subject to prosecution,” Frank said, noting that the legalization movement has allies in the libertarian wing of the Republican Party, reports David Hench at the Kennebec Journal. “This is the kind of fight that’s worth making. It’s winnable.”

Frank was present during a marijuana arrest at James Ready’s home in Ogunquit, Maine last October. Ready is well-known for his long term relationship with Congressman Frank, reports My Fox Boston.

The Congressman’s message was well received by a crowd of about 100, including many vendors set up for the day-long exposition in Portland, Maine.

Proposed Medical Marijuana Database Worries Some Patients

By Steve Elliott ~alapoet~ on December 9, 2010 Legislation, Medical, News

Graphic: Blogzilla

It looks as if Colorado’s medical marijuana grow rooms and dispensaries will soon have live cameras with state employees watching on the other end. But that’s not the worst of it, according to some patient advocates.

One item among the 90-something pages of regulations and procedures for Colorado’s medical cannabis industry unveiled this week by the Department of Revenue is making some patients particularly nervous — the plan for a massive new database of patients who enroll in the Medical Marijuana Registry. The list will be available around the clock to law enforcement agencies.

Currently, the registry is maintained by the Colorado Department of Health and Environment, reports Greg Campbell at Face The State, and it can only be accessed by police officers when they need to confirm the enrollment status of a person in custody.