Week in Review 7.15 to 7.19

Congress Weighs Measure To Stop Veterans’ Home Loan Denials Over Marijuana Work; Medical Cannabis programs in Australia, Thailand, France and Jamaica; 6 Cannabis Market Predictions That Are Already Coming True

This Week in Review

France On Verge Of Launching Trial Medical Cannabis Program

A key government committee in France has set the stage for a two-year medical cannabis trial program that’s expected to kick off later this year, providing an opportunity for overseas companies to export product to the new market during its early stages. Read more

Congress Weighs Measure To Stop Veterans’ Home Loan Denials Over Marijuana Work

Congress is considering an amendment this week that would end a U.S. Department of Veterans Affairs (VA) practice of denying home loan benefits to military veterans solely because they work for a state-legal marijuana business. The measure, filed by Rep. Katherine Clark (D-MA), will go before the House Rules Committee on Tuesday. If cleared for floor action later in the week it would be up for consideration for attachment to the National Defense Authorization Act. Read more

Nebraska Ag Officials Get 176 Applications To Grow Hemp In 2019

Officials at the Nebraska Department of Agriculture got 176 applications to grow and process hemp in the state before its Friday deadline last week. A law passed by the legislature and signed by Gov. Pete Ricketts authorized widespread growth for research purposes in the state during the 2019 growing season. Read more

Hemp Course Offered At BCTC Winchester This Fall

Because of interest from the community and hemp industry, Bluegrass Community and Technical College (BCTC) Winchester-Clark County Campus will offer an  introduction to hemp agribusiness course this fall. This is the first course of its kind in Central Kentucky. Read more

Women Leading Way As Hemp Revival Sweeps Western North Carolina

Owned and operated by Franny Tacy and her husband and CEO Jeff Tacy, Franny's is an active hemp farm in Leicester, and one of the grower sites for North Carolina State University's Industrial Hemp Pilot Research Program. The program's aim is to shoulder the burden of trial and error for farmers who want to dig into a swiftly growing industry. Read more

An ‘Exploding’ Industry Takes The Northland

What started out as a small operation has now grown into two locations of hemp crops. She estimates that she has fewer than 300 hemp plants growing in Minnesota, with some at a St. Louis County farm. And her sights are set even higher: Her long-term hope is to launch a destination dispensary. Read more

Connecticut Opens Hemp Manufacturer Licensing

Applicants planning on manufacturing hemp products for human use in Connecticut must pay a $50 application fee and a $250 fee if approved for the two-year permit, according to the agency website. Applicants growing and processing hemp for industrial purposes and retailers do not need DCP licensing, but they do need a permit from the Department of Agriculture. Read more

Aleafia Health Begins Exporting Medical Cannabis to Australia

As part of the new permit from Health Canada, the cannabis producer can also export medical cannabis extract products such as drops and sprays. “We continue to prove the international viability of our highly differentiated cannabis health and wellness ecosystem with products, clinic operations, education and distribution,” Julian Fantino, Aleafia Health Chairman, said in the press release. Read more

RO Lawmakers Propose Legalization Of Cannabis For Medical Purposes

Almost 100 Romanian MPs from all parties proposed the legalization of cannabis for medical purposes, Hotnews.ro reported. Patients with chronic terminal illnesses in Romania may have access based on prescriptions to cannabis painkillers using a special procedure (as currently, for morphine). A bill to this effect was filed on July 4 in Parliament. Read more

Tulsi Gabbard Files Bill To Study Hemp’s Uses For Just About Everything

Rep. Tulsi Gabbard (D-HI) introduced a bill on Tuesday that would modernize the hemp industry, develop specific guidelines and encourage federal research into a wide-range of potential applications for the crop. Read more

Cannabis Banking Reform Secures Landmark US Senate Panel Hearing

A key U.S. Senate panel will meet next week to consider steps that could make it easier for marijuana companies to obtain banking services, a move that could pave the way for crucial MJ reform. The July 23 Senate Banking Committee hearing – which took industry officials by surprise – includes Sens. Jeff Merkley, an Oregon Democrat, and Cory Gardner, a Republican from Colorado. Read more

More Growth, Consolidation, And M&A Expected For Hemp Industry In 2019

From acquisitions to equity investments, the North American hemp industry has been awash in capital investment since the Farm Bill 2018 was federally passed in the United States last December. In the rush for first-mover advantages, entrepreneurs and investors have been scrambling for respective footholds in the nascent hemp market; even among those following the industry, it can be hard to keep up with all the activity. Read more

Weed Prescriptions To Start Next Month

The country's first batch of legal medical marijuana will be prescribed to registered patients starting from next month, according to Dr Piyasakol Sakolsatayadorn, the public health minister. The first 10,000 bottles of marijuana oil extract will be produced by the Government Pharmaceutical Organisation and another 5,000 by Chaopraya Abhaiphubejhr Hospital, he said. Read more

North Dakota farmers grow CBD hemp for the first time

It may look like marijuana, but industrial hemp with CBD is now legal to grow across the country. Unlike its cousin with THC, hemp won't get you high. Instead, many use CBD for pain management, anxiety, insomnia and more. For the first time, Clarence Laub III can grow CBD hemp after several years of growing the cheaper grain plant. Read more

6 Cannabis Market Predictions That Are Already Coming True

With new products, untapped markets, and better access to research and capital than ever before, the cannabis market is in the midst of another record-breaking year of growth. Overall, 2018 was a groundbreaking year of growth for the cannabis market. But expect the industry to expand through 2019 and into 2020 as a volatile market becomes more stable and mainstream, encouraging unprecedented investor and consumer confidence. Read more

Association of Marijuana Laws With Teen Marijuana Use

In the United States, 33 states and the District of Columbia have passed medical marijuana laws (MMLs), while 10 states and the District of Columbia have legalized the recreational use of marijuana. Policy makers are particularly concerned that legalization for either medicinal or recreational purposes will encourage marijuana use among youth. Repeated marijuana use during adolescence may lead to long-lasting changes in brain function that adversely affect educational, professional, and social outcomes. Read more

Cannabis Pilot Project Agreement Signed In Accompong

The agreement was signed by representatives of the CLA, Accompong Town Maroons, and Timeless Herbal Care, at a press conference at the New Kingston office of the Ministry of Industry, Commerce, Agriculture and Fisheries. The Alternative Development Programme is being implemented as a strategy to transition traditional cannabis farmers from an illicit framework into the regulated environment, as a means of promoting sustainable economic development and poverty eradication. Read more

Canopy Growth’s loss is Martello Technologies gain as Bruce Linton’s focus shifts

Linton is currently the co-chairman of Kanata, Ontario-based Martello and was its CEO till 2017.  Investors connected the dots after Linton appeared on multiple TV interviews sporting a Martello T-shirt to talk about his departure from Canopy, the company he founded, which is now the largest marijuana company in the world. Martello stock climbed 39.3% on the OTC Markets to US$0.71, and 21.8% to C$0.95 in Canada. Read more

Congress Schedules Hearing To Discuss Ending Marijuana Prohibition

Though few details about the meeting are currently available, the House Judiciary Crime, Terrorism and Homeland Security Subcommittee is expected to discuss various legislative proposals to allow states to set their own cannabis policies without fear of federal intervention. Read more

Isreali College To Offer Degree Specializing In Medical Cannabis

The Max Stern Yezreel Valley College, home to approximately 5,000 students and located between Afula and Nazareth, announced on Monday that new students will be able to pursue a B.A. in Behavioral Sciences with a specialization in medical cannabis, enabling graduates to play a role in one of Israel’s “most prosperous industries.” Read more