FEDERAL

Title:  Jeff Sessions sued by 12-year-old girl with epilepsy who wants to legalize medical marijuana

Author: ABC USA

Date: 12 November 2017

URL: http://abcnews.go.com/US/jeff-sessions-sued-12-year-girl-epilepsy-legalize/story?id=51098947&mc_cid=98ec67c020&mc_eid=178dec0b63

Extract:   Alexis Bortell, along with her father and other plaintiffs, including former NFL player Marvin Washington, filed suit in the Southern District of New York against the attorney general as well as the Department of Justice and the Drug Enforcement Agency.

 

INVESTMENT

Title:  Marijuana Stock Investing Goes “Big Time” A big-money investment in marijuana hints at the money-making potential of this emerging industry.

Author: Motley Fool

Date: 11 November 2017

URL: https://www.fool.com/investing/2017/11/11/marijuana-stock-investing-goes-big-time.aspx

Extract:  A big knock against investing in marijuana stocks has been valuation. However, the decision by Constellation Brands (NYSE:STZ) to pay up for a 10% stake in Canopy Growth (NASDAQOTH:TWMJF) suggests share prices for marijuana stocks may not be as crazy as they seem. Is it too late to buy these stocks, or is it just getting interesting?  What’s going on……Canopy Growth is Canada’s largest marijuana stock by market cap and trades for more than 20 times its sales over the past 12 months. Even so, the wine, beer, and spirits Goliath, Constellation Brands, forked out $245 million Canadian to get its hands on nearly a 10% equity ownership stake. It also acquired warrants that can allow it to buy up even more shares in Canopy Growth in the future.

Leading US marijuana retailer LivWell takes ‘significant’ ownership stake in Canadian producer

 

 

COLORADO

Title: Colorado surpasses last year’s marijuana revenue with two months still to go

Author: Denverite ( Thanks To Andrew Sacks SWD)

Date: 11 November 2017

URL: https://www.denverite.com/colorado-surpasses-last-years-marijuana-revenue-two-months-still-go-45530/

Extract:   With two months still to go, Colorado already raked in more money this year than ever before from taxes and fees on marijuana sales, according to new data from the state. The cannabis industry brought in $205.1 million dollars in revenue for the state from January through October 2017 — a 05.9 percent or $11.48 million increase over last year. The tax numbers released this week by the Colorado Department of Revenue show cannabis sales continue to grow three years after recreational sales started in Colorado.

Tax collections jumped 12.7 percent or about $23.1 million from September to October. The jump pushed the state over the $193.6 million collected last year.

MAINE

Title:  Maine officials say they will start surprise inspections on medical marijuana

Author: The Cannabist

Date: 9 November 2017

URL: http://www.thecannabist.co/2017/11/09/maine-medical-marijuana-rules-inspections/92072/

Extract:  Maine is cracking down on the distribution of medical marijuana by allowing surprise inspections and implementing a new patient tracking system.The state Department of Health and Human Services issued new rules Wednesday that tighten Maine’s medical marijuana market. The Portland Press Herald reports the rules will take effect on Feb. 1 and the department did not issue a statement to accompany the new rules.

The group Medical Marijuana Caregivers of Maine is reviewing the new rules, and plans to hold an educational forum for members to talk about their impact on Nov. 18.

 

 

MARYLAND

Bill to Add More MMJ Licenses Due to Diversity Issues Planned in Maryland

 

NEW YORK

 

New York Gov. Signs MMJ-for-PTSD Bill

OHIO

Title: MMCP TESTING LABORATORY APPLICATION Q&A

Author: Ohio Medical Control Program

Date: 13 November 2017

URL: https://medicalmarijuana.ohio.gov/News?articleID=92

Extract: The Department of Commerce has posted answers to questions received in the Q&A session for the testing laboratory application process. Click here to view the answers to the questions that fell within the scope of the testing laboratory application process.