Hoban Law’s Weekly Roundup of Regulated Cannabis Markets

Top Senate Democrat Cuts Ribbon On New Hemp Facility

Senate Minority Leader Chuck Schumer (D-NY) cut the ceremonial ribbon at the unveiling of an industrial hemp park in New York on Monday. Canopy Growth Corp.—a multinational cannabis company that’s investing upwards of $150 million into the project—credited Schumer and Gov. Andrew Cuomo (D) for helping them select an ideal location for the park, which they estimate will create 400 jobs in Broome County. Read more

Portland Unveils Proposed Rules For Marijuana Businesses

The proposed rules, which recommend a $10,000 a year annual license for marijuana retail stores, will receive an initial review by City Council’s Health & Human Services and Public Safety and its Economic Development committees on Tuesday. No votes or public hearings are expected and it’s unclear when the committees will make a recommendation to the full council. Read more

‘Generation-Defining Opportunity’: Dixie Brands, Arizona Iced Tea Partner On Cannabis-Infused Products

Dixi Brands and AriZona said in a press release that they signed a binding letter of intent Aug. 2 to partner for the production, distribution and sale of cannabis-infused products containing tetrahydrocannabinol — THC. As part of the agreement, Dixie Brands will develop, formulate, manufacture and distribute a portfolio of AriZona-branded THC products, the companies said. Read more

Read These Emergency Rules If You Plan To Sell, Grow Marijuana In Michigan

The agency that regulates the selling and growing of marijuana in Michigan released emergency rules Wednesday to clarify the requirements for businesses that plan to sell pot to adults 21 and older. Michigan’s Marijuana Regulatory Agency plans to start taking business applications Nov. 1. The rules will remain in effect for six months and can be extended for another six months. Read more

Cronos Group to Buy American Hemp CBD Assets for $300 Million

Redwood manufactures, markets and distributes hemp-derived cannabidiol (CBD) infused skincare and other consumer products online and through retail and hospitality partner channels in the United States under the brand, Lord Jones™. Redwood’s products use pure hemp oil that contains natural phytocannabinoids and terpenes found in the plant. Read more

Finger Lakes Hosts Nation’s First Hemp Seed Bank

Christine Smart, professor in the Plant Pathology and Plant-Microbe Biology section of the School of Integrative Plant Science (SIPS), said the seed bank will allow plant breeders to develop more resistant varieties. Hemp crops are already showing vulnerability to some insects and diseases. Read more

Hemp Processing In U.S. State Of Kentucky Sees Flurry Of Investment

Investment in 16 hemp processing operations in the U.S. state of Kentucky represent a $94 million total investment expected to create more than 900 full-time jobs, state officials recently announced. That’s after 110 hemp processor/handler license applications were approved for 2019. Read more

Japan’s Conservative Attitude To Cannabis Is Softening

It is only since the mid-twentieth century that usage has become heavily restricted, due to changing western opinions and the enforcement of UN drug treaties. As a result, attitudes across Asia have now become some of the most conservative in the world.  Read more

First Look Inside One Of 10 Farms Licensed To Grow Hemp In The State

Nebraska Hop Yards went from selling hop to brewers to growing hemp for research. Inside its greenhouse are small hemp plants bought from Colorado just days ago. “You can tell the difference between varieties, these ones are a little bit bushier like the ones over there, and these are a little bit taller and thinner,” Nebraska Hop Yards owner Annette Wiles said. Watch here

Utah’s Medical Cannabis Program Working To Ensure Safe Consumption

Officials are doing everything they can to ensure that when medical cannabis becomes available in Utah it will be safe from pesticides, residual solvents, heavy metals and other contaminants. Read more

D.C. Opens Medical Program to Cardholders from Eight States

Washington, D.C. has opened its medical cannabis program to cardholders from other states in what Mayor Muriel Bowser called “patient-centric” emergency rulemaking. Read more

More THC Companies Are Starting CBD Companies – Here’s Why

Judging from cannabis sales — U.S. adult-use and medical-only marijuana sales reaching $8 billion to $10 billion in 2018 while cannabidiol (CBD) sales were upwards of $238 million, according to Marijuana Business Daily estimates — consumers are extremely interested in both THC and CBD. So are business owners. Read more

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