Cannabis Morning Express: Friday, 31th, July

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Democrats reject cannabis legalization

Cannabis board will add fines to recreational regulations

The Cannabis Control Board plans to hold a working session during the next several days to discuss fines that should be imposed for violating recreational marijuana rules and regulations.

Democrats Reject Cannabis Legalization in Party Platform

The Democratic Party’s platform committee on Monday rejected an amendment to support federal cannabis legalization, Boulder Weekly reports. The vote was 50-106 with three abstentions.

Louisiana: Medical Cannabis Expansion Laws Take Effect

A trio of new laws facilitating patients’ ability to access medical cannabis products goes into effect this Saturday, August 1.

The most significant new measure, House Bill 819, expands the discretion of physicians so that they can recommend cannabis therapy for “any condition” that they consider “debilitating to an individual patient and is qualified through his [or her] medical education and training to treat.”

Congress Offers Forgiveness Of Past Cannabis Use In The Military

United States Armed Forces are allowed to use hemp products, including CBD. Image credit: DerwoodPhotography | Getty Images
United States Armed Forces are allowed to use hemp products, including CBD. Image credit: DerwoodPhotography | Getty Images

A bill recently passed by the U.S House that would allow those in the United States Armed Forces to use hemp products, including CBD, while serving their country. The bill only allows the use of hemp-derived CBD products that meet federal guidelines, under .3 percent of THC.

Novato vets rating system for cannabis businesses

The Novato City Council took its first look this week at a proposed rating system for prospective cannabis business owners.

The city plans to issue a 30-day request for applications for adult-use and medical cannabis businesses within the next two to three weeks.

PAOG Featured On MoneyTV After Acquiring Cannabis Biopharma Asset Entering $200B Market

SANDUSKY, Ohio, July 31, 2020 /PRNewswire/ -- PAO Group, Inc. (USOTC: PAOG) today announced an interview of CEO James C. DiPrima on MoneyTV with Donald Baillargeon. The interview follows PAOG making two strategic acquisitions this week marking the company's entry into the biopharmaceutical market. Yesterday, the company announced the acquisition of RespRx, a developing treatment for Chronic Obstructive Pulmonary Disease (COPD), and on Tuesday, the company announced the acquisition of a cannabis cultivation operation developing a proprietary cannabis cultivar.

Three 6 Mafia vet Juicy J announces new star-studded solo album, signature cannabis strain

Memphis Music Hall of Famer Juicy J
Memphis Music Hall of Famer Juicy J

Memphis Music Hall of Famer Juicy J has announced a new solo album. The Three 6 Mafia co-founder will release, “The Hustle Continues” on October 14th. The project will feature guest appearances by a number of top names in hip-hop including Megan Thee Stallion (for whom Juicy J produced the chart topping "Hot Girl Summer"), Lil Baby, Logic, A$AP Rocky, 2 Chainz, and Ty Dolla $ign, among others.

Recreational marijuana sales in Michigan crack $200 million in 2020

Adult-use cannabis sales in Michigan have topped $200 million so far this year, according to a Michigan Radio report.

Liberty Health Sciences Q1 Revenue Increases 234% to C$18.4 Million

TORONTO, July 30, 2020 /PRNewswire/ – Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) (“Liberty” or the “Company”), a provider of high-quality cannabis, announced its financial results for the first quarter ended May 31, 2020. Consolidated net sales for the quarter ended May 31, 2020 were $18,440,756, compared with $5,520,561 for the quarter ended May 31, 2019.

Cresco Labs to Report Second Quarter 2020 Financial Results on August 20th, 2020

CHICAGO--(BUSINESS WIRE)--Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report its financial results for the second quarter ended June 30th, 2020 on Thursday, August 20th, 2020 after market close.

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