Week in Review 7.22 to 7.26

Presidential Candidate Proposes Medical Marijuana Waivers For Military Veterans; FDA Says It Is Speeding Up The CBD Regulation Process; Medical Cannabis Is Gaining Momentum In Asia

This Week in Review

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. Read more

Cannabis Giant Cronos Group Gets A Boost After Saying It Will Buy A State-Of-The-Art Fermentation And Manufacturing Facility

The facility is in Winnipeg, Canada, and it comes with fully equipped laboratories that cover microbiology, chemistry, quality control, and method development. It also has two large fermentation production areas, which Cronos says will increase its ability to produce "cultured cannabinoids at commercial scale with high-quality and high-purity." Read more

A Master's In Marijuana: Schools Designing Programs To Meet Industry Demand For Educated Workers

As more states move to legalize marijuana, both medically and recreationally, a number of schools are creating graduate and undergraduate programs aimed at studying the field to supply a more educated U.S. marijuana workforce. 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

 

Interest Grows In Harvesting Cannabis

When Health Minister Simon Harris recently signed legislation to allow for the operation of the Medical Cannabis Access Programme on a five-year pilot basis, he opened the door wider for an emerging sector which has significant potential to create jobs and a new revenue stream for the Government’s coffers. 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. Read more

Medical Cannabis Is Gaining Momentum In Asia

Many countries in Asia have made headlines for strict punishments for possessing, trafficking and consuming cannabis — including, notable, the ongoing bloody war on drugs in the Philippines. But some nations are nevertheless softening their attitude toward the once-taboo drug, and bringing it to hospitals in the region. Read more

Nadler, Harris To Introduce Bill Decriminalizing Pot, Expunge Marijuana Convictions

House Judiciary Committee Chairman Jerry Nadler and Democratic presidential hopeful Sen. Kamala Harris are introducing legislation to decriminalize marijuana at the federal level and repair “the damage done by the war on drugs” as cannabis reform gains steam in Congress. Read more

Popularity of U.S. Medical-Use Markets Far Outpaces Federal Policies

According to the National Institutes of Health, among all U.S. adults, nearly 40 million (17.6%) report suffering from severe pain, while about 25.3 million (11.2%) complained of experiencing daily pain throughout the previous three months. Chronic pain is more than an uncomfortable nuisance: People coping with severe pain had worse health, used more health care resources, and experienced more disability than other adults. Read more

FDA Says It Is Speeding Up The CBD Regulation Process

FDA Acting Chief Information Officer Amy Abernethy tweeted that “FDA is expediting its work to address the many questions about cannabidiol (CBD),” describing it as “an important national issue with public health impact, & an important topic for American hemp farmers and many other stakeholders.” Read more

Hemp Seen As Boon To Marche Region Of Eastern Italy

“The sectors that can use seeds, shives and fiber deriving from the processing of hemp are numerous and already present in the region,” Fabbri said. “The crop can be introduced in rotation, and the expansive capacity in hectares is very high,” he said. Read more

Ohio Legislature Approves Hemp & CBD Bill

 

The Ohio Legislature has approved a bill legalizing CBD sales and implementing a pilot program for industrial hemp cultivation while removing hemp from the state’s drug code. The bill specifically allows CBD-derived cosmetics, dietary supplements, pet products, and products for human consumption. Read more

Lessons Learned By Washington State Cannabis Firms After 5 Years Of Recreational Sales

Washington state rolled out the world’s second adult-use marijuana market on July 8, 2014, following closely behind Colorado, which began recreational sales at the start of that year. Read more

Thousands Of Comments Urge FDA To Allow CBD In Foods And Supplements

By the end of Wednesday, individuals and organizations filed more than 4,400 submissions, which will be used to inform FDA’s rulemaking process for cannabidiol products. The comment period opened in April and it was followed by a first-ever FDA public hearing on the cannabinoid that involved testimony from numerous industry stakeholders and reform advocates. Read more

RegTalk: California And Industrial Hemp Challenge - Agricultural Commodity Or Cannabis

Businesses interested in starting a hemp company may have trouble finding a county to register in ahead of the 2020 growing season. According to our data, seventeen (17) counties currently allow hemp cultivation, twenty-six (26) counties implemented a temporary moratorium that would give them time to figure out what to do, fifteen (15) counties are silent on whether hemp is permitted, and two (2) counties are moving quickly towards implementation. California counties are struggling with whether to treat hemp as an agricultural commodity or to regulate the industry with restrictions like cannabis. Read more

CBD Market In UK Booms As Hemp Ag Develops Slowly

As the international CBD sector rapidly develops, the United Kingdom’s slow pace at developing hemp farming puts the country at a disadvantage. That is among key findings from the UK’s Centre for Medicinal Cannabis (CMC) based on commissioned research recently released. Read more

Hundreds Of Pet Owners Tell FDA That CBD Is Helping Their Furry Companions

The Food and Drug Administration (FDA) asked for public input on the safety and efficacy of CBD—and more than 100 people used that opportunity to tell the agency that their pets benefit from the cannabis compound. Read more

Presidential Candidate Proposes Medical Marijuana Waivers For Military Veterans

Military veterans should be able to receive waivers to obtain medical cannabis, even in states where it’s not legal, 2020 Democratic presidential candidate Andrew Yang said in a new proposal concerning veterans issues. Read more

Cannabis Seasonality: Where to Allocate Capital for the Fall Rally

Summer is not a good time for cannabis investors. For whatever reason, share prices seem to plunge in the warmer months. The trend held true in 2017, 2018 and is currently afflicting investors in 2019. In both 2017 and 2018, there were large upswings in the latter months of the year. Should the trend hold true and the sector rallies in the fall and winter, the question becomes where to position one’s capital to capture the most gains. Read more