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Cannabis Stocks Rise on Federal Marijuana Measure Prospects!

 

Cannabis stocks rose Monday for the second straight day after a report by Marijuana Moment that Rep. Nancy Mace (R-S.C.)

 

is circulating the States Reform Act as a measure to legalize cannabis on a federal level.

2021 Will Be OUR Cannabis Year -Steve Smith

 

Cantor Fitzgerald analyst Pablo Zuanic said late Friday the measure “significantly increases the probability of federal level marijuana reform” during the current term.

 

 

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OG: the Old Gangster is Back

Let’s dig into its weed culture nomenclature — and there are a lot of theories. Some say it’s an acronym for “ocean grown,” “original gangster,” or a shortened version of the word “original.”

If you’ve seen the term “OG” pop up in online media or social feeds, we won’t blame you if you have only a vague idea of what it means.

Most of the time, it seems like an internet slang term that could refer to anything and everything. Urban dictionary’s top definition says it used to mean “original gangster” but is now used as a shorthand for “original.”

A quick Twitter search for #OG ran the gamut from workout goals to happy birthday wishes to pictures of adorable dogs in winter sweaters.

So, what does OG actually mean? The short answer: it means a lot of things to a lot of different people.

In weed culture, OG are two letters you will see in front of a lot of strains that feature the parent strain, OG Kush. Given the frenzied pace of strain breeding right now, hot new strains come and go, but OG Kush has maintained its indisputable popularity. It’s even Weedmaps’ number one most popular strain and reigning Strain Madness champion.

This sativa-leaning hybrid is best known for its epic potency, with THC percentages regularly coming in at 20-25%. Some OG Kush consumers report long-lasting effects that land more in the head than the body, while intensifying sound and color. Described as having an earthy, berry, or citrusy taste, this happy, giggly, and relaxed strain is outstandingly social. No wonder strain breeders seek its parentage.

The OG origin story

Now that we know what to expect from consuming this uber-popular strain, let’s dig into its weed culture nomenclature — and there are a lot of theories. Some say it’s an acronym for “ocean grown,” “original gangster,” or a shortened version of the word “original.”

To know what OG means, you need to know the names of two cannabis growing forefathers who first became friends and roommates in Los Angeles in the early 1990s: Matt “Bubba” Berger, who currently works as a consultant and dispensary owner in Denver’s legal cannabis market, and Josh Del Rosso aka Josh D, Founder and Managing Director of Josh D Farms.

In Berger’s telling, he cultivated the strain in Florida from a random bag of flower he got from a friend in 1992. Another friend, impressed by the strain’s frosty colas, said the buds resembled “kushberries,” which was then shortened to “kush.” In 1996, Berger returned to LA with his kush seeds, and he and Del Rosso planted Kush, Bubba (another of Berger’s strains), and Purple Indica in the crawl space of a rental house they shared.

Word of Del Rosso and Berger’s Kush strain took off and demand soared, reaching $8,000 a pound in the late 90s — that’s around $13,400 in today’s dollars. But with success came imitators hoping to cash in on the Kush phenomena.

Del Rosso and Berger added “OG” to their original Kush to distinguish it from all the others, which stands for “original.” Adding one more layer of confusion, Berger and Del Rosso’s Kush is totally separate and unrelated to landrace kush, an indica that originated in Afghanistan.

OG Kush was hugely popular with 90s consumers, largely for its inclusion in hip hop culture in Los Angeles.

It’s been said it was a favorite of superstar pot celebrity Snoop Dogg and rapper B-Real of the West Coast hip-hop group Cypress Hill (who later released an album titled Greatest Hits from the Bong in 2005).

What does OG mean in pop culture?

So how did the term OG catch on in pop culture? That’s a winding road that leads back to the early 1970s, originating with the LA-based gang the Crips. Originally, it was an all-encompassing term that stood for “original gangster” and simply meant that they were literally the first, e.g. “OG Eastside Crip.”

Over time, the term broadened and evolved, and could refer to someone who showed extreme loyalty to the gang. The term was also used by younger members when referring to the elder gang members as a sign of respect.

As hip-hop and rap music began their mainstream ascent in the 80s, the term OG began to shift from gang culture to rap music and videos when artists sometimes referred to exceptionally badass aspects of gang culture as OG.

See related image detail

Rapper and actor Ice-T may be most responsible for bringing the term to a wider audience with his album and single of the same name,

O.G. Original Gangster,” which reached #7 on 1991’s Billboard rap chart. That could be what inspired Del Rosso and Berger, but that’s impossible to know for sure.

Eventually, the term seeped into establishment culture and continued to expand its meaning. Today you see it everywhere as a reference to something or someone that has exceptionally impressive skills, exemplifies a particular quality, or is the first of its kind.

Image result for ocean grown

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Legalization of Cannabis Is Inevitable

There are different routes that U.S. legalization could take. One is the SAFE Banking Act. It initially seemed to be the most likely reform to pass this year, but the act has been held up over concerns that it’s too narrow and financially focused.

Hemp or Marijuana- Safe Banking Act would Help Both Navigate The Legal Business of Cannabis

The Cannabis Administration and Opportunity Act, a more sweeping reform that includes provisions to help communities and individuals harmed by the war on drugs, has a longer path to approval but is favored by some due to its broader reach.

Senator Cory Booker- Senate Majority Leader Chuck Shumer- Senator Ron Widen

On March 31, 2021, following New York legalization under the 2021 Marijuana Regulation and Taxation Act,

Senate Majority Leader Chuck Schumer announced he would soon introduce a federal bill to deschedule cannabis, similar to his 2018 Marijuana Freedom and Opportunity Act.

Sources told Politico and other media that a draft of the bill would be introduced on July 14. On July 14, Senator Schumer introduced a discussion draft of the bill.

In the meantime, stock investors aren’t the only ones seeing opportunities. Cannabis company Canopy Growth Corp. just agreed to pay hundreds of millions of dollars to buy a U.S. maker of marijuana gummies that’s conditional on U.S. legalization.

Canopy Chief Executive Officer David Klein said he sees U.S. liberalization as “inevitable.”

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Cannabis Global Awarded Trademark for its Comply Bag(R) Cannabis Transport and Tracking System

Watching Florida's Stop Light on Marijuana

LOS ANGELES, CA September 30, 2021 Cannabis Global, an innovation-oriented company investing in disruptive cannabis and hemp-related technologies,

today announces it has been awarded a trademark on “Comply Bag®” from the United States Patent and Trademark Office.

Cannabis Global

Comply Bag® product is the integration of ultra-secure and tamper-evident cannabis transport technology and a smartphone-based tracking app that allows both the shipper and intended receiver of cannabis to monitor the progress of the valuable commodity all the way from the origination to the final destination.

Comply Bag – Cannabis Global

Mr. Arman Tabatabaei, CEO of Cannabis Global commented, “While cannabis is becoming a big business, the transportation of products is still stuck in practices established well before selective state legalization

.

California Cannabis Delivered

Comply Bag® offers unparalleled safety, security, traceability, compliance, and cannabis data integration.”

The Company has a new video outlining the product, which can be viewed at Ship Safe and Track with Comply Bag.

Comply Bag® features a multi-layer, low-density polyethylene outer shell that protects valuable shipments and allows manufacturers, buyers, and processors full view of contents to assess quality.

Each Comply Bag® contains financial institution-grade tamper-evident seams, self-sealing closures, and sequential numbering to ensure what is sent is what is received.

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Florida Black Farmers Still Awaiting

TALLAHASSEE, Fla. – September 23, 2021

The Department of Health

is under fire because it has still not issued a medical marijuana license to a Black farmer.

 

 

Lawmakers grilled the department to find out what is responsible for the delay on Thursday.

When the Legislature passed its medical marijuana law in 2017,

one grower’s license was reserved for a Black farmer.

 

“So that the medical marijuana licenses in our state would have equity,”

said state Sen. Darryl Rouson.

Rouson called the Department of Health before the Senate Agriculture Committee

to explain why the Black farmer’s license isn’t among the 22 that have already been issued.

 

“Years have passed since this Legislature spoke,” said Rouson.

The department blamed the delay on a lawsuit challenging

the state’s seed-to-sale requirement for license holders.

The state Supreme Court finally ruled in the state’s favor in May.

Department of Agriculture (USDA)

 

“We are working quickly and anticipate moving forward with the Pigford MMTC licensing process in the coming weeks,”

said Christopher Ferguson, director of the Office of Medical Marijuana Use.

Meanwhile, The Florida Black Farmers Wait.

 

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Billionaire – Charles Koch, On Why Now Is The Time For Marijuana Legalization

Billionaire Charles Koch On Why Cannabis Should Be Legal

Charles Koch The same devout libertarian known for spending a fortune on political causes is now being the same actively funding efforts to end federal marijuana prohibition.

Here’s why pro-pot advocates in both parties are high on his support.

Soon, Koch might be known as the billionaire who persuaded Republican and Democratic holdouts to legalize cannabis at the federal level.

“2022, Will Be Our Year To Watch For Legalization Interests To Grow” – Steven Smith, 1st Hemp USA News

Koch admits that he is not on the front lines fighting for legalization—Brian Hooks, the CEO of Stand Together (which Koch founded) and Koch Industries’ former longtime general counsel Mark Holden, and others, are doing the boots-on-the-ground work.

For far too long, drug policy has been mischaracterized as something that’s come from the fringes,” Hooks says “When in fact the majority of Americans, for a long time, have recognized that a new place for the system is wrong.”

Also, Valerie Jarrett, who was a senior advisor to President Obama, worked with Mark Holden on legislation to reduce mandatory minimum sentencing for nonviolent drug offenders.

The legislation garnered support of 80 senators, but Mitch McConnell, who was Senate Majority Leader at the time, blocked it from reaching the floor in 2016.

Two years later, under President Trump, The First Step Act passed. 

Jarrett says that the criminal justice reform would not have passed without Koch’s support.

“That’s how you get things done in Washington—it might mean you have strange bedfellows,” she says.

More than anything, Koch sees marijuana legalization as the beginning of the end of the federal war on drugs.

Here, the modern philosopher king looks to a 19th-century French

economist for wisdom. “For a law to be respected,” Koch says, paraphrasing Frédéric Bastiat, “it must be respectable.”

Market Based Management.”

The push for federal cannabis legalization has been growing slowly over the years, but now that several of the country’s biggest billionaires are on board, that dream may soon become a reality.

Charles Koch, the 85-year-old CEO of Koch Industries, is the latest multibillionaire to help fund the movement to end federal cannabis prohibition once and for all. In a recent interview with Forbes, Koch announced his support for a new plan to end federal weed prohibition by the end of this year. And to help that effort succeed, Koch is contributing $25 million of his $45 billion fortune.

It may come as some surprise to discover that Koch is an advocate of legalization, especially since the billionaire has already spent a fortune backing Republican politicians and lobbying for conservative legislation. Koch is a diehard libertarian, though, and fully opposes the idea that the government could lock someone away in jail just for smoking a joint or otherwise enjoying their own personal freedom.

“It should be the individual’s choice,” Koch said: ‘this’ is counterproductive. It ruins people’s lives, creates conflict in society and is anti-progress. The whole thing never made sense to me… Marijuana, as I understand it, is less addictive than alcohol.

However, it’s unclear whether the long-awaited federal legalization bill, a draft of which Sens. Chuck Schumer, Cory Booker and Ron Wyden introduced in July, can get the 10 Republican senators and all 50 Democratic senators needed to pass it. Schumer readily admits he doesn’t yet have the numbers and President Biden does not support legalization. For politicians on both sides of the aisle who still oppose cannabis, Koch has two questions:

“If you don’t like marijuana, or don’t like people doing that, and you have all these laws, how’s that working out for you?” he asks, before making his second point: “Marijuana, as I understand it, is less addictive than alcohol. So why is alcohol legal and marijuana isn’t?”

Koch admits that he is not on the front lines fighting for legalization—Brian Hooks, the CEO of Stand Together (which Koch founded) and Koch Industries’ former longtime general counsel Mark Holden, and others, are doing the boots-on-the-ground work.

So why is alcohol legal and marijuana isn’t?”

Koch sees marijuana legalization as the beginning of the end of the federal war on drugs

“2022, Will Be Our Year To Watch For Legalization Interests To Grow” – Steven Smith, Founder 1st Hemp USA News

 

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