Category Archives: Cannabis News

Does Weed Have a Federal Chance?

As it stands 11 states including the District Capital have adult use in their law books, medically 33 states have passed regulations, 24 have decriminalized in some form. How do you like those apples?

The MORE and SAFE Acts.

The Marijuana Opportunity Reinvestment and Expungement (MORE) proponents hope to remove cannabis from the Controlled Substances Act. The MORE Act aims to create equity programs to support those most affected by the drug war and expunge low-level cannabis records as well. 

The measure received the support in the form in two forms when long-time anti-cannabis advocate Joe Kennedy III signed on to the Act as a cosponsor. 

For years cannabis businesses and banks have anticipated some change concerning the status of banking for some time now. Under current regulations, companies can’t bank with institutions like other industries. The situation leaves marijuana ventures exposed to theft and other crime as it handles its revenue in an all-cash, unsecured setting.

The Secure And Fair Enforcement (SAFE) Banking Act, hopefully will resolve this. The solution will include allowing financial institutions to do business with the cannabis industry while not having to fear any federal consequences. Additionally, the Act contains parameters that would protect legalized states’ markets from federal prosecution. 

The SAFE Banking Act has made progress through the House but now finds itself stuck in the Senate Banking Committee, where Idaho Senator Mike Crapo heads the committee. Crapo is currently considering an amended version of the bill, which makes restrictions to the Act, notably a 2% THC potency cap. Recently, the Chair received letters pleading from lawmakers and industry groups that Crapo consider the passed version of the Act. Otherwise, the market could see new rounds of banking and regulatory headaches. 

Lawmakers tell the media they remain optimistic about the SAFE Banking Act, while the MORE Act requires additional steps to be considered realistic at this time. Despite the longer road ahead, the MORE Act seems like a possible passable measure, according to Nebraska-based criminal defense lawyer Seth Morris. Though, the Berry Law Firm lawyer believes that the MORE Act, or any marijuana legalization bill, almost assuredly won’t pass in 2020. 

Although all this negative talk, to me is just speculation. Let me paint this scenario for 2020 several north east states will be legalizing. Nation wide we are expecting up to 10 more states from what is speculated nation with for 2020. For 2021 the federal government will find itself outwitted by the legal states. Leading the Federal Government to finally do what they are set out to do. Which happens to be working for the people. Will have no choice but to reschedule and legalize.

Cannabis Droughts; In illinois more like a planned convenience.

Illinois kept the market small on purpose.

When I was growing up; the streets caused droughts, long before the official droughts started. It was rumored that many multi spot (weed) owners would drought the market before the droughts started. Pardon me, I am from Manhattan, where things like this happen since the early 90’s “home of the haze” open market. formerly known as the black market. This was a large suppliers way of getting rid of the little spots that can easily turn into a big spot, if the small business owner had good consistent work. Things

Meanwhile back at the ranch; fast forward 2020 Illinois has long lines, closures and shortages of product that have irritated consumers of legal weed in Illinois, since day one of the first sale of the year. The state officials said the slow start to the sale of recreational cannabis was intentional, and one that even cultivators also wanted. However, say the eventual goal is a market where supply and demand are in balance.

Regulators actually seeked to “purposely slow things down to make sure we made space for new entrance to the market,” said Toi Hutchinson, Gov. J.B. Pritzker’s senior adviser on cannabis, better known unofficially as the Illinois “pot czar.”

Similar droughts have been par of every marijuana market after legalization and before if you count the Open market (black market), said Chris Lindsey, director of government relations for the Marijuana Policy Project. Lindsey helped state officials draft legal marijuana legislation. Cultivators predicted shortages even before recreational use became legal.

he state never disclosed plans for the slow approach to the public as they were drafting the law, Lindsey said, but “it was certainly a conversation among public agencies.” After exploring different options, that path made the most sense, he said.

These two main types of systems states can build, Lindsey said. One makes a finite number of licenses available, the choice Illinois went with. The other offers an unlimited licensing and lets the market decide which businesses survive.

“The state did not want to see a situation where it would be tempting to do the straight math and say how many consumers are there and multiply it straight across,” Lindsey said. “That’s a brute force way of trying to find the right number. … If we had let it off the chain, it would have been a lot harder to scale back.” However it would have been a natural way, to find out instead of imposing this experiment this experiment on the people.

Besides consumer frustration, the slow and steady approach has its advantages, Hutchinson and those in the cannabis industry say. For one, a small start helped businesses build up a revenue stream before expanding. Additionally, it protected medical marijuana patients by ensuring the adult use program didn’t take priority, Hutchinson said.

More than 87,000 patients have qualified for the medical program since 2015. There are 8.6 million Illinois residents over 21, not to mention millions of tourists, who could buy recreational marijuana.

With that kind of gap between medical and recreational users, the demand for product can easily overwhelm growers and push medical patients to the sidelines, said Kris Krane, president and co-founder of 4Front Ventures, a cannabis operations company with businesses in nine states.

What is sad is that this will become a norm in the industry as well as it shows the control that people and governments want to have on the industry. To be continued in the Magazine that debuts on Issu.com this weekend.

Cuomo Introduces New Budget Weed is Not Included

Cannabis is not included in the bill.

Governor Cuomo, Included MJ in the budget proposal, only to change his mind blame the virus I have the slightest idea what he is thinking just with a simple signature he can legalize financially save us from the Financial Collapse NY is facing, I care not to believe that this man has used weed as a scapegoat for his victory in elections and not realize that it was the only reason for his reelection. Yes that he is an eloquent speaker is beside the point that he is subduing New Yorkers and the world with his gift of gab Yes, I will not tell a lie. But that is all he is doing. He is actually talking way more shit than he needs to. Unlike the actual president of the United States. Setting the stage for another reform push Now I as a taxpayer want it on the ballot.

Cuomo put a similar plan in motion last year that was immediately dropped. The excuse is the lawmakers could not concur as how they were going to legalize. Trust that a rocket scientist isn’t needed. The administration us optimistic that this year will be different.

According to the 2020 proposal NY stands to receive 20 million in revenue for the 2021 fiscal year and 63 million by 2022,by 2025 the amount is speculated at 188 million, this is according to Cuomo’s projections.

He went on to state that “The proposal will also correct past harms to individuals and communities that have disproportionately been impacted by prohibition. To safeguard public health, the proposal limits the sale of cannabis products to adults 21 and over and establishes stringent quality and safety controls including oversight over the packaging, labeling, advertising and testing of all cannabis products. These efforts will be done in coordination with neighboring states Connecticut, New Jersey and Pennsylvania. The Governor will also propose creating a first of its kind Global Cannabis and Hemp Center for Science, Research and Education with SUNY and other expert partners.”

Under the said proposal there would three levels of taxes, a whopping 20 percent tax would be imposed on cannabis sold by any entity to a retailer. Cultivators would be taxed at a $1 per dry weight gram for flower, trim would be taxed at $.25 per dry gram and we cannabis would be taxed at $.14 per gram. Local jurisdictions with a population least one million people that allow marijuana business to operate would receive revenue from a seperate two percent tax.

“The Budget regulates and controls the production, distribution, transportation, and sale of cannabis, cannabis related products and medical cannabis within the NYS, for the purposes of fostering and promoting temperance in their consumption, to properly protect the public health, safety, and welfare and to promote social equity,” the proposal states. The budget also calls for workforce increases at certain state agencies, including bolstering resources at the Division of Alcohol Beverage Control “to support the new Office of Cannabis Management (OCM).”

OCM will oversee a “first-in-nation comprehensive cannabis regulatory framework” that “centralizes all the licensing, enforcement and economic development functions in one entity.” It will “administer all licensing, production, and distribution of cannabis products in the adult-use, industrial, and medical cannabis markets,” according to the plan.

New York’s hemp regulators would also benefit from the budget proposal, with Cuomo calling for $1.1 million in “resources to support nine additional hemp oversight and inspection related staff.”

Aspergilloses by definition

The Cannabis Cough.

Lung infections on the rise, a rise in allergies, cold symptoms and what have yous, any of those above can be to a cannabis toker a severe issue taking into consideration, their immune system. Take myself as an example. I suffer from sever allergies, to basically everything. One doctor went as far as diagnosing me as chronically allergic person “HELLO!” Is that even a thing found in a medical book if illnesses. Its a mold commonly found in many plant and trees and cannabis alike.

My thing is that it becomes an issue cause if you don’t have time treat this, you can compromises the immune system. So what happens when you get a moldy bag of weed?  A small number of cases of various forms of aspergillosis have been associated with marijuana smoking, but the association appears to be uncommon. I can beg to differ, I will inform you why.

There have been two reported cases of ABPA associated with mouldy marijuana.”7,8 Given the frequency of asthma and ABPA, and the high frequency of marijuana usage amongst young people, these cases may represent a tiny proportion of those affected. This year, CPA was associated with marijuana smoking for the first time9 and we report here 2 additional cases. The previously reported patient died at just 34 years of age and patient 2 at 46 years of age. These high mortality rates of CPA have been described previously.1012” (cited from Too Many Mouldy Joints – Marijuana and Chronic Pulmonary Aspergillosis) (Mediterr J Hematol Infect Dis. 2011; 3(1): e2011005.Published online 2011 Jan 14. doi: 10.4084/MJHID.2011.005)

Chronic pulmonary aspergillosis is a progressive debilitating disease with multiple underlying pulmonary diseases described. Here we report the association of chronic pulmonary aspergillosis and long term marijuana smoking in 2 patients and review the literature related to invasive and allergic aspergillosis.

Equity Alert; an investigation against trulieve Cannabis Corp.

Seems to me that Trulieve’s 12 days of Christmas already started on a very bad foot

On December 17, 2019. Grizzly research issued a report that most Company’s cultivation space comes from “hoop houses that produce low quality output.” That there are extensive ties between Trulieve and an ongoing FBI investigation into corruption, this report insinuates that the Company’s initial license approval “reeks of corruption” that the company engaged in several undisclosed related party transactions.

Rosen Law firm a global investor rights law firm, announces it is investigating potential securities claim on behalf of shareholders of Trulieve Cannabis Corp. (OTC:TCNNF) resulting form allegations that Trulieve may have issued materially misleading business information to the investing public. As a result of this information leaking out to the press. Trulieve’s share price fell $1.51 or over 12.6% to close at 10.40 on December 17, 2019. Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Trulieve Investors. If you purchased shares of Trulieve please visit the firms website at http://rosenlegal.com/cases-register-1745.html to join the class action. You can also contact Phillip Kim of Rosen Law Firm toll free 866-7673653 or email pkim@rosenlegal.com or cases@rosenlega.com

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The Tribe Tokes Queens.

tribetokes

CannablisByKymB 

I was fortunate to meet KymB, at a Cannabis award event at Cannagather. She was a volunteer, KymB quickly became the guest of honor, guest speaker, mc and saved the night with her humor and bad girl mouth. a breathe of fresh air in a gentrifide industry. Cannabis KymB as I like to call her, has since moved on to grace covers of several outlets including Forbes, has grown tremendously in popularity and a must see at any event in the Industry.  Very real and very sweet and professional is the actual persona of this Pilates Instructor and Fitness Influencer Kymberly Byrnes. For over 20 years she has been blessing the Florida & NY health and fitness scene with her philosophy. If that wasnt enough she has her own line of cannabis cbd products.

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Cannablis KymB promotes her Healthy lifestyle platform on Instagram @badgirlgoodhealth.  The hustle in Gotham is Real and Cannablis KymB is real and dedicated about 3 things: Fitness Cannabis, and inspiring others to get up and participate. “Just show up” as she says; In a speech at the brooklyn Law school.

Kymberly is a Certified Pilates Instructor. She has 4 national certifications and was a Teacher Trainer for the Equinox Pilates Teacher Training Program. She has taught hundreds of instructors the fundamentals of movement and control. Her background includes owning a several Pilates Studios in the South Florida area where she worked with athletes, models and the rich and famous. Cannablis Kymb is a very busy Queen Bee.  Now she graces New Yorks Cannabis Community Scene with Tribe Tokes, Lulu Lemon, and of course,  CannablisByKymB 

She has us working out, has us motivated and relaxed. She also has us dying to know what her next move will be. During the Cannabis Rally she stood out and called upon whom ever wants to be in the cannabis industry. Make your voice heard.

In every panel she is invited to she, makes all the difference. Her dedication hard work and resilience has made her one of NY Cannabis Times top 3 picks of Women in Cannabis 90 day Promo.

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