CCMA Political greenBrief
Wednesday, August 15, 2018
www.cannabismanufacturers.org
Bruce Linton Of Canopy Growth Wants To Make International Cannabis Growth A Priority
“We hoped to demonstrate cannabis can bring benefits to communities instead of harm, to encourage further reform, and in time provide an unrivaled and trusted experience in an adult use market. That time has now arrived.”
Steve DeAngelo, Chairman Emeritus and Co-Founder of Harborside“Proposition 64 was pretty clear that part of the trade off was cities would be able to have some control over how marijuana is dispensed. We think that this new push to allow delivery inside the city is really outside of the spirit of (Proposition) 64 which in essence takes away our local control.”El Cajon Mayor Bill Wells On The Cities Opposition Of Cannabis Delivery Services
Iconic California Cannabis Company Harborside To Go Public In Canada In Deal Valued At C$200 Million (CA – Cannabusiness)
New Cannabis Ventures (August 13, 2018) Lineage Grow Company Ltd. and FLRish Inc., a California corporation d/b/a Harborside, are pleased to announce they have entered into a binding letter agreement pursuant to which Harborside will effect a reverse takeover transaction that will result in, among other things, Lineage acquiring all of the issued and outstanding securities of Harborside on a debt free basis in exchange for newly issued common shares of Lineage. Under the terms of the Transaction, 100% of the outstanding securities of Harborside shall be exchanged for Lineage securities.
California Legal Cannabis Market Struggles Could Reshape Rules (CA – Cannabis Economy)
NBC Los Angeles (August 14, 2018) The nation’s largest legal marijuana market is struggling. Illicit sales continue to thrive. A shaky supply chain has customers looking at barren shelves in some shops. There are testing problems. And a proposal to allow home marijuana deliveries in cities that have banned pot sales could lead to a courtroom fight. A Los Angeles hearing Tuesday provided a window into the state’s emerging cannabis economy, in which early enthusiasm for broad legal sales has been followed by anxiety and frustration across a swath of the industry.
https://www.nbclosangeles.com/
Success In The OC: How Santa Ana Became A Model Cannabis Market (CA – Cannabusiness)
Leafly (August 13, 2018) Mention cannabis and the city of Santa Ana, California, and the first thing that usually comes to mind is the video. The infamous dispensary security camera footage, shot during a police raid in June 2015, appeared to depict police officers out of control. A team from the Santa Ana PD burst open the doors of the Sky High Holistic dispensary, ordered medical marijuana patients to the floor and—based on edited clips from a dispensary attorney—started smashing security cameras. But they missed one, which kept recording.
https://www.leafly.com/news/po
Can I Buy Recreational Marijuana In Long Beach Now? (Not Yet, But Soon) (CA – Cannabis Sales)
Long Beach Post (August 13, 2018) In less than a month, recreational marijuana will be legal to sell in Long Beach. The exact date is unclear since it is dependent on an application process for adult-use dispensary licenses. It’s estimated that it will take the city a minimum of one to two weeks to review the applications and begin issuing business licenses, according to city cannabis program manager Ajay Kolluri.
https://lbpost.com/news/recrea
San Diego Cities Consider Fighting Back Against Proposed State Pot Regulations (CA – State Regulations)
KPBS (August 13, 2018) California’s Bureau of Cannabis Control is in the middle of taking public comment for recently proposed regulations. San Marcos and El Cajon city officials are worried about where marijuana delivery services are allowed to operate. The Bureau of Cannabis Control is considering adding a provision that stipulates, “a delivery employee may deliver to any jurisdiction within the State of California.” In El Cajon, sales of “cannabis goods” are not allowed for storefronts or deliveries.
https://www.kpbs.org/news/2018
Corona Beer Giant Puts $3.8 Billion Bet On U.S. Love Of Cannabis (USA – Cannabis Investments)
Bloomberg (August 15, 2018) Constellation Brands Inc., which for seven decades has made its money off beer, wine and whiskey, sees its future in a marijuana leaf. In the biggest (legal) cannabis deal, the Victor, New York-based beverage company will spend about $3.8 billion to boost its stake in Canadian grower Canopy Growth Corp., betting legalization will gain traction around the world and especially in the U.S. Constellation, among whose brands are Corona and Ballast Point beers and Robert Mondavi wine, will own 38 percent of Canopy, up from about 10 percent, according to a statement Wednesday.
Marijuana Stocks Jump On Biggest Investment Ever In Cannabis Industry (USA – Cannabis Investments)
Investor’s Business Daily (August 15, 2018) Marijuana stocks rallied Wednesday after Constellation Brands said it is boosting its stake in Canopy Growth to 38% with a $4 billion infusion, marking what the companies said is the largest investment in the cannabis space. Constellation Brands, which makes beer, wine and spirits, is paying 48.60 Canadian dollars per share, a 51% premium to Tuesday’s closing price in Toronto. It also has warrants for an additional 4.5 billion Canadian dollars in shares.
https://www.investors.com/news
Judge Tosses Medical Marijuana User’s Disability Discrimination Suit (NJ – Employment Refusal)
New Jersey Law Journal (August 13, 2018) An employer’s refusal to waive its drug test requirement for a forklift driver using medical marijuana was not discriminatory, a federal judge in Camden has ruled. New Jersey’s Compassionate Use Medical Marijuana Act shields qualifying users from criminal prosecution and certain civil penalties, but it does not obligate employers to allow employees to use medical marijuana, U.S. District Judge Robert Kugler said Aug. 10 in granting a motion by defendant Ardagh Glass Packing Inc. to dismiss the plaintiff’s disability discrimination suit.
A New Report On Oregon Cannabis Gets A Failing Grade (OR – Cannabis Testing)
Portland Mercury (August 15, 2018) Last week, the cannabis community reacted to a new report that examines how Oregon is doing with its recreational program. The report, “An Initial Assessment of Cannabis Production, Distribution, and Consumption in Oregon 2018,” was prepared by a group of city, state, and federal agencies that comprise the Oregon-Idaho High Intensity Drug Trafficking Area (OR-ID HIDTA). Much like Thomas Kinkade, the picture it paints is garish and false.
Why Have No States Legalized Marijuana Use For Pets? (USA – Medicinal Cannabis)
The Fresh Toast (August 13, 2018) Medical marijuana has been legalized, in some form, in 30 states across the U.S., but those laws only apply to humans. The legislation that allows doctors to prescribe patients marijuana to treat their ailments says little to nothing about using cannabis or CBD to treat pets. As a result, veterinarians have remained reticent to even discuss cannabis-related solutions to owners regarding their pets.
https://thefreshtoast.com/cann
What Long-Term Cannabis Use Can Do To Your Brain (USA – Cannabis Effects)
Medical News Daily (August 15, 2018) Cannabis use is a topic of fervent debate among researchers. As the drug is being legalized in an increasing number of countries, and as its medicinal properties have come into sharp focus, the experts ask to what extent it and its medicinal derivatives are helpful, and to what extent harmful. Some use cannabis for recreational purposes, whereas others use cannabis-based drugs or essential oils to relieve chronic pain or treat epilepsy. Recently, scientists at two academic institutions — Universidade de Lisboa in Portugal and the University of Lancaster in the United Kingdom — have conducted a study into long-term use of cannabis and its potential dangers.
