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Cannabis Thursday News: Colorado Works to Level the Playing Field for Cannabis Businesses

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Colorado Works to Level the Playing Field for Cannabis Businesses

csindy - Gov. Jared Polis signed a landmark bill affecting the cannabis industry on June 29 in front of Simply Pure in Denver. The dispensary was the first in the nation owned by a Black couple.

HB20-1424 creates a new social equity license that is intended to boost minority participation in the cannabis industry. The program goes into effect Jan. 1.

Medical Cannabis Operator with Facility in Manchester to Be Acquired in $240M Deal

richmondbizsense - The company behind Richmond’s sole medical cannabis production facility is expected to be absorbed by a publicly traded firm that’s already active in the state.

New York-based Columbia Care Inc. announced it signed a definitive agreement to buy Green Leaf Medical LLC in a cash-and-stock deal valued at $240 million. Green Leaf (stylized “gLeaf”) is a Maryland-based company that operates a medical cannabis production and distribution facility in Manchester.

Israeli Supermarket Giant Strikes Deal to Sell Low-cost Medical Cannabis

haaretz - Israel’s discount supermarket king Rami Levy is planning to do for medical marijuana what he did for fresh chicken and, in the future, add cannabis as a consumer product too.

Under a memorandum of understanding signed this week with the cannabis company Together, his Good Pharm chain of 28 drug stores will begin selling medical marijuana at discounted prices. 

FDA Issues Warning Letters to CBD Companies

candidchronicle - Less than a week after the Federal Trade Commission (FTC) announced law enforcement action against six companies for unapproved marketing practices, the United States Food and Drug Administration (FDA) has issued warning letters to five companies for marketing cannabidiol (CBD) products in a way that violates the Federal Food, Drug, & Cosmetic Act (FD&C Act).

a CBD tincture bottle sits to the right of the frame with a small tilted plant in a pot a CBD tincture dropper is out in front of the plant
FDA Issues Warning Letters to CBD Companies - candidchronicle

Missouri Medical Marijuana Dispensaries still Dealing with Short Supply

ozarksfirst - Old Route 66 Wellness was one of the first few dispensaries in Missouri to open their doors. Owner John Lopez says there are some negatives to being early into the market place. The main reason: a lack of marijuana to put on their shelves.

“More manufacturers and dispensaries coming onboard means that more of the very little product that there is in the state is being dispersed that way,” says Lopez. “I think there’s 10 or 11 cultivators now, but only a few that are actually selling to dispensaries. As more cultivators get onboard, it’s not like they can hit the floor running like manufacturers and dispensaries. Cultivators, when they pass their final inspection, they’re just now allowed to start growing.”

That lack of production has created a slow down at some dispensaries.

Jersey City to Follow State Guidelines on Implementation of Pot Use

tapinto - Jersey City officials say they will follow state guidelines when it comes to the implementation of regulations to allow for the recreational use of marijuana. 

“As it stands today, we are following state guidelines and treating the process as all other retailers or whole-sellers,” said Kimberly Wallace-Scalcione, spokesperson for the city.

Marijuana-themed Bar and Eatery Opening on East Side

onmilwaukee - Cheba Hut, which will open on the corner of Oakland Avenue and Locust Street this spring, will offer a menu with 30 "toasted" subs that, according to their website, have "been curing munchies since its start in 1998."

The fare also includes Rice Krispies treats, salads, snacks and local, craft beer. Cheba Hut is a chain based in Ft. Collins, Col.

Marijuana-themed Bar and Eatery Opening on East Side - onmilwaukee

Italy Finalizes Hemp Commission Roster as Industry Eyes Piece of 10 Million-euro Budget Windfall

hempindustrydaily - Italy’s agricultural ministry has named four dozen government, regulatory and industry stakeholders to  a new working group for the country’s hemp sector.

According to a decree published last week, the working group is expected “to perform consultative and monitoring duties” for the hemp sector.

Cannabis Firm Canopy Growth Sues GW Pharma, Claiming Patent Infringement

mjbizdaily - Canadian cannabis producer Canopy Growth Corp. is suing Britain’s GW Pharmaceuticals in U.S. federal court, alleging that GW is knowingly infringing upon Canopy’s intellectual property.

GW uses a Canopy-patented method to extract the CBD that’s the active ingredient in its Epidiolex medication, according to a complaint filed in the U.S. District Court for the Western District of Texas.

Tauriga Sciences Inc. to Expand its Existing Product Line of CBD Infused Bath Bombs, Branded under the Tauri-Gum Name

globenewswire - Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), a revenue generating, diversified life sciences company, with a proprietary line of functional “supplement” chewing gums (Flavors: Pomegranate, Blood Orange, Peach-Lemon, Pear Bellini, Mint, Black Currant) as well as two ongoing Biotechnologies initiatives, today announced the planned expansion of its recently launched product line of Cannabidiol (“CBD”) infused Bath Bombs – branded under Tauri-Gum™. 

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