CCMA Greenbrief May 25: Marin Supervisors Uphold Rejection of Dispensaries… Cannabis Startup Throwing Pot Parties for Retirees… OR Sees 10K Drop in Medical Patients After Recreational is Legalized…
Thursday, May 25, 2017
Lead Caliva Lab Technician Michael Bell Explains The Tracking Procedures At Caliva’s Medical Pot Production Facility in San Jose On Monday
“We are seeing states have become very territorial about their rights to do this, regardless of what the Trump administration does.”
John Hudak, A Marijuana Policy Expert At The Brookings Institution
“You have to have blinders on to not understand how large this industry can become.”
John Chiang, California State Treasurer
Not-So-High Anxiety: States Move Fast To Protect Pot Industry (CA – Cannabis Industry)
Los Angeles Times (May 24, 2017) If a whiff of uneasiness hung over the trade show that drew thousands of marijuana entrepreneurs here last week, it wasn’t because they were just around the corner from a White House that has threatened to shut them down.
The ‘Mary Kay For Marijuana’ Throws Pot-Selling Parties For Seniors (CA – Medical Cannabis)
Business Insider (May 24, 2017) In California, seniors are getting together to sample weed-laced lip balms, topical ointments, and tinctures in Mary Kay-style parties at their retirement communities. Baby boomers make up one of the fastest growing age groups to embrace marijuana. One study found a 71% increase in marijuana use among adults aged 50 and older in the last decade.
Appeals For Medical Marijuana Dispensaries In Central, West Marin Denied (CA – Medical Cannabis)
San Anselmo Patch (May 24, 2017) The Marin County Board of Supervisors upheld a decision by the county administrator and denied appeals to seven prospective applicants who wanted to open medical cannabis dispensaries in unincorporated areas of Marin.
An Ounce Of Hope (CA – Medical Cannabis)
Daily Bruin (May 24, 2017) Rashmi Mullur and Ravi Aysola watched helplessly as their infant son seized again in their arms. Just four and a half months after he was born with a congenital brain malformation, Siddharth Aysola began contracting infantile spasms. Mullur and Aysola immediately drove their son to the Ronald Reagan UCLA Medical Center emergency room. Within a week, Sidd started to experience seizures.
Indian-American Businessman Nitin Khanna Enters California With His Cannabis Business, Cura (CA – Cannabis Industry)
The Hansindia (May 24, 2017) Indian-American Businessman Nitin Khanna entered California with his Cannabis business, the fastest growing industryin America. As more states legalize recreational use, the demand for premium cannabis is expected to increase. With a population of 39.1 million, California is the largest market in America within this industry; it was also the first state to legalize the medical use of marijuana back in 1996.
Port Hueneme One Step Closer To Permitting Medical Marijuana Industry (CA – Medical Marijuana)
Ventura County Star (May 24, 2017) Port Hueneme is another step closer to allowing medical cannabis to be grown, sold and delivered after the City Council voted for such an ordinance Monday night. The council will consider a final adoption of the ordinance when it meets at 6:30 p.m. June 5, Port Hueneme City Manager Rod Butler said Tuesday.
UCLA Must Build Marijuana Research Center, Study Effects Of Legalization (CA – Cannabis Study)
Daily Bruin (May 23, 2017) UCLA has a leading medical school, award-winning research departments and thousands of talented students. But the university has still managed to be outpaced by California’s marijuana industry.
Cannabis Art Show, “Growing,” Opens June 2 In Ukiah (CA – Cannabis Show)
The Mendocino Voice (May 24, 2017) “Growing,” the first art showing focusing on “art, life, and cannabis” in Mendo opens next Friday, June 2 as part of the First Friday event in Ukiah. Presented and organized by the Arts Council of Mendocino County, the curators decided to create a timely opportunity for residents and local artists to “consider the role of cannabis in local life and culture through the lens of art, and to express their own experiences with it” as California make a historic transition to a fully legal recreational cannabis market.
Cannabis Breathalyzer Company Completes $8.1 Million Funding Round (CA – Cannabis Industry)
Ganjapreneur (May 24, 2017) Benchmark Capital, the Silicon Valley venture capital firm whose investments include Uber, Dropbox, Snap, and WeWork has infused capital into Oakland-based startup Hound Labs – makers of a breathalyzer for cannabis, according to a Business Insider report. The firm led the tech company’s recent $8.1 million funding round.
Vermont Governor Rejects Recreational Pot Bill (VT – Recreational Cannabis)
News Fix (May 24, 2017) The governor of Vermont has rejected a bill to legalize recreational marijuana in his state. Governor Phil Scott, a Republican, told reporters he was not satisfied that the bill adequately protected public safety. He said he was particularly worried about the threat of stoned drivers and about children getting access to pot.
At Least 10K Oregonians Have Dropped From MMJ Patient Count Since Rec. Adoption (OR – Recreational Cannabis)
Ganjapreneur (May 24, 2017) The number of registered patients in Oregon has declined significantly since voters in the state legalized cannabis use for adults in 2014, falling from 77,000 to 67,000, according to NPR-affiliate KUOW. Many patients registered as medical users are declining to renew their medical cards – which costs $200 – opting instead to purchase their medicine in the recreational market.
Oregon Cannabis Startups See $60-$80M In Investments Over Last 6 Months (OR – Cannabis Investments)
Ganjapreneur (May 24, 2017) According to figures from Oregon’s Marijuana Regulation Committee, cannabis startups in the state have had at least $60 million to $80 million invested in the last six months, Northwest Public Radio reports. Projects range from gene testing, to perfecting new delivery methods such as transdermal patches, to researching medical applications for cannabis.
Florida Attorney And MMJ Campaign Financier Eyeing Industry Investment Opportunities (FL – Medical Cannabis)
Ganjapreneur (May 24, 2017) Orlando, Florida attorney John Morgan was one of the major financial backers of the two statewide ballot initiatives to expand the state’s medical cannabis regime, and in an interview with the Miami Herald, he indicated plans to invest up to $100 million into “the right opportunities” in the cannabis space.