CANNABIS LAW REPORT
An overarching concept behind gun control is blocking the Constitutional right to bear arms for people who have been deemed a danger to the public, such as violent convicts. However, there is a controversial gray area where Pennsylvania’s gun laws intersect with its medical marijuana program.
In the announcement, CanniMed indicated that the claim was for $725 million in damages resulting from the defendants’ (alleged) “unlawful actions that have negatively affected the appreciation of the value of common shares of CanniMed and prevented CanniMed from pursuing alternative change of control transactions for the benefit of the CanniMed shareholders.”
Seyfarth Shaw: Blog Post – U.S. Trustee Issues Warning to ALL Participants in the Cannabis Industry: Bankruptcy Relief May Not be Available, So Don’t Let Your Profits Go Up in Smoke
The cannabis industry is forecasted to enjoy billions in sales revenue over the coming years; however, a certain percentage of businesses – even in growing industries like cannabis– always fail or need restructuring. The cannabis industry in particular is vulnerable to an uncertain regulatory environment that may impact a business’s ability to grow and satisfy creditors.
Businesses will only be able to secure a trademark in the State of California, leaving their intellectual property, branding, and other valuable assets defenseless nationwide
Top 10 Cannabis Industry Trends for 2018.....
Colorado Dept of Public Health & Environment Publish Report “Retail Marijuana Education Program: Annual Report October 1, 2015 – June 30, 2017. v. 1 Annual Report Concerning the Retail Mari juana Education Program”
This report outlines the activities pursuant to Colorado Revised Statute § 25 - 3.5 - 1001 through 25 -3.5-1007 to provide education, public awareness and prevention messages for retail marijuana. This report identifies the specific responsibilities of the Colorado Department of Public Health and Environment and outlines the progress made to ensure all Colorado residents and visitors understand the parameters of safe, legal and responsible use of retail marijuana.
The write, "With newly-legalized states, ever-changing regulations, and evolving consumer trends it's more important than ever to be an informed cannabis dispensary entrepreneur."
According to a report on www.khaosodenglish.com, "Rattapon Sanrak, founder of a group that advocates for cannabis legalization, said that although reported plans to build a plantation in Sakon Nakhon province aren’t a done deal, officials have taken positive steps by going ahead with the project."
"Alliance Financial Network is proud to announce that it will be entering into agreements with states to assist state cannabis businesses on working around the IRS 280E taxation and providing technology for banking services and chain of custody from seed to sale."
American Trade Association for Cannabis and Hemp, Alaska, Hawaii, Montana, Oregon, Washington and Arizona form new regional business association as 60% of Americans now have access to legal cannabis state marketplaces
Australia Talks A Big Game But The Reality Is That Their Hemp Industry Is About As Effective As The English Cricket Team
OK... some of this analogy may be a bit foreign to our American readers. Reuters report. "Convoluted and restrictive licensing demands, substantial finance requirements and a guarded medical profession means even Australia’s largest marijuana companies are at least a year away from a commercial crop. And doubts linger about the prospects for smaller entities, belying the government’s ambitious plans to be the world’s leading exporter."
A tomato farm near Odense is to establish the largest grower of medicinal cannabis in Europe in a joint venture with Canadian company Aurora.
This is what they are looking to achieve in the forthcoming year.
Josh Horn, Fox Rothschild LLP, Comments On New Jersey’s Re-Introduction of Cannabis Related Assembly Bills
It's being reported that NJ Gov.-elect Phil Murphy received significant support this week for his goal to legalize marijuana within his first 100 days of office.
We guessed 2018 would be M&A year in the sector. It's starting earlier that we thought.
"Through the first 10 days of 2018, companies closed on a variety of funding deals or announced financing plans worth at least 978 million Canadian dollars ($780 million), according to a Marijuana Business Daily analysis."
" Colombia could supply 44% of the global demand for medicinal marijuana in 2018 after the board of directors of the country’s Drug Control Fund authorized the harvest of 40,5 tons of this plant for export-only proposes."
A medical cannabis bill acquired support and has officially been submitted to the House of Representatives on Wednesday. State Rep. John Sims is the primary bill sponsor with State Rep. Alan Gentry as a cosponsor.
Latest New Frontier Data Research Suggest Feds Could Raise $132 Billion In Tax Revenue From The Cannabis Sector
An almost fantastical figure, but that's the number they are quoting.
LA Times Report: Rat poison from marijuana farms is harming federally threatened northern spotted owls, study finds
If there's one thing we love more than Cannabis, it'd be owls. So, we congratulate the LA Times for running this story and their other recent stories on the Cannabis Ag sector and environmental issues.