SEYFARTH SHAW UPDATE

SPACs as an Exit Strategy for Cannabis Businesses

By Mark Katzoff on Jun 12, 2018

A developing market for owners of cannabis businesses looking for a potential buyer are SPACs, special purpose acquisition companies.  SPACs raise money in public offerings with the purpose of acquiring companies, usually in a specified range of industries or located in a particular geographic area. The SPACs cannot have a particular target in mind at the time of the public … Continue Reading

 

DELAWARE

Title: Delaware lawmakers amend marijuana legalization bill to address safety concerns

Author: Delaware 1059.com

Date: 13 June 2018

URL: https://www.delaware1059.com/news/delaware-lawmakers-amend-marijuana-legalization-bill-to-address-safety-concerns/article_16ee93a2-6efd-11e8-bd05-c7e8fae09e9c.html

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If legislation to legalize marijuana is passed in Delaware, a new amendment would prohibit products from resembling candy and packaging from displaying cartoon characters along with several other safeguards designed to prevent underage consumption.

After months of consideration by the Adult Use Cannabis Task Force, State Representative Helene Keeley filed an amendment Tuesday to address a number of safety concerns that were expressed by opponents of the legislation.

House Amendment 1 to House Bill 110 addresses a range of issues around the potential regulation of marijuana including consumer safety, impaired driving, taxation, and licensing.

The new amendment sets strict provisions with increased controls for safe cultivation, seed to sale tracking, random testing and consumer safeguards that enhance educational labeling and prevent products from resembling candy and packing from displaying cartoon characters.

MICHIGAN

Title: Along with “dispensary,” Michigan officials are banning cannabis shops from using other common terms like “pharmacy” and “apothecary”.

Author: High Times

Date:  12 June 2018

URL: https://hightimes.com/news/michigan-dispensaries-re-branded-provisioning-centers/

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Michigan has thrown another curve ball at the state’s medical cannabis program. On Tuesday, officials with the Michigan Department of Licensing and Regulatory Affairs published a list of more than a dozen terms medical marijuana dispensaries can no longer use.

In a first for a medical cannabis state, retail providers of medical cannabis can no longer call themselves dispensaries. They cannot use the term in a store name, any branding, or any advertising.

“Dispensary” isn’t the only word Michigan regulators have nixed. State regulators are banning the use of 16 terms they say cannot apply to medical marijuana stores.

Beyond “dispensary,” the list includes other terms that commonly crop up in dispensary names. And then there are some that would be odd for a cannabis shop.

“Pharmacy,” “drug store,” “medicine store,” and even the more mystical “apothecary” are now strictly verboten. But so are more technical terms like “licensed pharmacy technician,” “doctor of pharmacy,” “certified pharmacy technician” or any of their abbreviations.

If Michigan’s dispensaries fail to comply, they risk losing eligibility for a license.

Michigan Dispensaries Must Re-Brand as ‘Provisioning Centers’

So shops must now stop using the most common term(s) for places where people can buy medical cannabis products. But for all that, they can’t make up their own.

Instead, LARA has mandated that dispensaries call themselves “provisioning centers“. The change, officials say, will ensure that medical cannabis shops comply with the state’s public health code. Some dispensaries have already made the switch.

In its advisory bulletin, LARA said: “the term ‘provisioning center’ includes any commercial property where marihuana [sic] is sold at retail to registered qualifying patients or registered primary caregivers.”

 

OREGON

Oregon to inspect outdoor cannabis harvests in response to federal law enforcement pressure

SOUTH CAROLINA

South Carolina Democrats Overwhelmingly Back MMJ

 

 

 

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