Cannabis Morning Express: Wednesday, 1st, July

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A villager jokingly gave the packet saying it was dried meethi and the family member didn’t realise it was cannabis. (Getty Images, Pixabay)

Colorado Gov. Jared Polis Signs Bill Expanding Cannabis Equity and Pardons

Colorado Governor Jared Polis signed a bill on Monday night at Simply Pure, a cannabis dispensary, that will broaden social equity and justice efforts across the state. In addition to expanding access to social equity licenses for those hoping to join the state’s cannabis industry, the bill also gives Polis more leverage to pardon cannabis offenses.

New Mexico Medical cannabis law change for out-of-state patients starts Today

Starting July 1, out-of-state medical cannabis patients will be able to purchase medical cannabis from New Mexico dispensaries.

Now, out-of-state patients need only a proof of authorizations like a doctor’s recommendation. The law covers medical cannabis patients with proof of authorization from any state, the District of Columbia, a territory or commonwealth of the U.S. or a New Mexico Indian nation, tribe or pueblo, according to the release.

Uttar Pradesh family lands in hospital after eating dish made with cannabis leaves instead of methi

A villager jokingly gave the packet saying it was dried meethi and the family member didn’t realise it was cannabis. (Getty Images, Pixabay)
A villager jokingly gave the packet saying it was dried meethi and the family member didn’t realise it was cannabis. (Getty Images, Pixabay)

According to local reports, one Naval Kishore gave a packet of dried cannabis leaves to Nitesh, a fellow resident of the Miyaganj village, and told him it was fenugreek. Nitesh came home with them and it was cooked with potato to make what the family thought was aloo-methi.

However, after eating it they complained of dizziness and asked neighbours to call a doctor and some of them even lost consciousness. The police were alerted and the family was taken to a hospital.

First cannabis grow facility opens in Missouri

An Earth City company has opened the first cannabis grow facility in the state.

BeLeaf Medical plans to harvest about 8,000-10,000 pounds of cannabis a year with the first harvesting coming in the fall. The cannabis will be sold in Missouri dispensaries to be smoked, used in edibles, topicals and other products.

Federal Judge Presses U.S. Customs and Border Protection on Transparency in Cannabis Policy

A federal judge is setting new deadlines for U.S. Customs and Border Protection (CBP) to respond to an ongoing lawsuit seeking specific policy language on the agency’s approach to cannabis at the U.S-Canada border.

Judge Ricardo Martinez asserts that the CBP has not adequately searched for the supporting documents that might explain the agency’s cannabis policy. The judge gave CBP until July 31 to track down its own policy.

High Times Buys Mountain High Recreation to Accelerate Cannabis Delivery

High Times, owner of the eponymous magazine and a fast-rising player in the dispensary scene, acquired Mountain High Recreation, Inc., a move that will speed up its plans to offer home delivery services across California.

San Diego Creates Cannabis Permitting Bureau

San Diego, California is creating a Cannabis Permitting Bureau that will centralize the permitting processes while also enforcing the city’s industry regulations, the San Diego Union-Tribune reports. The agency is set to have a near-$1 million annual budget and nine full-time employees.

American Cannabis Operator Stocks Gain 29% in Q2

After soaring nearly 35% in May, the American Cannabis Operator Index pulled back in June, decreasing 9.8% to 27.25:

New Research: Worker’s Health and COVID-19 in Colorado’s Cannabis Industry

New research has started to identify cannabis workers’ health concerns during COVID-19. The study includes an online survey of 200 employees in Colorado’s legal cannabis sector to determine concerns of appropriate protective masks and gloves as well as physical distancing practices to protect workers from the virus. Marty Otañez, Associate Professor in CU Denver’s Anthropology Department, is the study leader.

Poll: Most Americans Think Smoking Cannabis is Morally Acceptable

Results of a recent Gallup values and beliefs poll revealed that the majority of Americans now consider smoking cannabis to be morally acceptable.

According to the poll, 70% of Americans believe that smoking cannabis is “morally acceptable.”

Former NBA Star John Salley Joins Insurance Pro Daron Phillips To Offer Cannabis Coverage

Four-time NBA champion John Salley has made headlines in recent years for his multiple cannabis ventures.

Recently, the former Detroit Pistons, Miami Heat, Chicago Bulls and Los Angeles Lakers player told Benzinga he’s building a health insurance package for cannabis businesses and their employees, that will soon be expanded to cover individual cannabis users.

Laws to legalize cannabis pass first reading in Knesset

Two bills that have been approved in preliminary reading in the Knesset are bringing the legalization of cannabis in Israel closer to reality, Yediot Aharonot reported Tuesday.

The move puts Israeli on a path similar to some American states like Colorado, and countries like Canada and the Netherlands where medical marijuana as well as recreational cannabis have been legalized.

Cresco Labs Expands Innovative Industrial Properties Partnership with $28.8 Million Massachusetts Cannabis Sale-Leaseback

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Massachusetts, which comprises approximately 118,000 square feet of industrial space in the aggregate.

Cresco is expected to complete additional tenant improvements for the property, for which IIP has agreed to provide reimbursement of up to $21.0 million. Assuming full reimbursement for the tenant improvements, IIP’s total investment in the property will be approximately $28.8 million.

Simlatus Chairman Richard Hylen Announces New Contract With Cannabis Distribution Partner Valued At $3M

Simlatus Corporation (OTC PINK: SIML) (“Simlatus” or the “Company”), announces today that the company has contracted to build its cannabis extraction systems for one of the west coast premier cannabis technology firms.

Chairman Richard Hylen stated, “Currently our subsidiary Proscere Bioscience has completed its testing and will move forward with manufacturing the pending extraction systems and initial $20M in orders; we are now contracted to manufacture systems for a company based in Northern California that services the cannabis grower on the west coast. We are anticipating 3rd quarter revenues of $3M that will demonstrate our projectile of $200M over the next 5 years. We have a new team of cannabis experts and technology that will allow our company to benefit in revenue growth for our shareholders.”

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