Posted on 03/24/202203/25/2022 by Steven M Smith — Leave a comment

Marijuana Opportunity, Reinvestment and Expungement (MORE) Act is poised to end up on the House floor next week, Monday March 28th.

Marijuana Opportunity, Reinvestment and Expungement (MORE) Act is poised to end up on the House floor next week

Rumors of a floor vote, coming from a congressional staffer and a key advocate familiar with the high-level discussions are being fueled by a closed-to-press session held weeks ago by congressional Democrats at a party retreat.

The session featured a panel on advancing marijuana reform. Cannabis advocates have been working tirelessly to bring a bill to federally legalize cannabis, to the House floor again this month.

The Marijuana Justice Coalition (MJC), a broad coalition of national advocacy organizations convened by the Drug Policy Alliance, including the American Civil Liberties Union and Human Rights Watch, sent a letter to House Speaker Nancy Pelosi (D-CA) and House Majority Leader Steny Hoyer (D-MD) earlier this month, calling for a floor vote on the bill.

Nadler’s bill was approved 26-15, with 24 Democrats joined by two Republicans at the House Judiciary Committee this session in September.

Congressional Democrats Elevate Marijuana Equity Issues At Retreat Panel Focused On Legalization

Democratic congressional lawmakers convened for a policy retreat in Philadelphia on Thursday that featured a panel on advancing marijuana reform with a focus on promoting equity.

Rep. Barbara Lee (D-CA) moderated the cannabis panel, which largely centered on the need to ensure that those most impacted by prohibition can benefit from federal legalization. The Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, sponsored by House Judiciary Chairman Jerrold Nadler (D-NY), was specifically discussed as advocates push for a floor vote on the proposal this month.

A Democratic congressional staffer familiar with the panel told that “the congresswoman’s feeling is still that racial justice and restorative justice needs to be at the centerpiece of any cannabis legislation that we put forward,” referring to Lee.

Notably, the event took place the day after the Democratic-controlled House approved a large-scale spending bill that continues a long-standing appropriations rider blocking Washington, D.C. from allowing cannabis commerce despite local voters’ approval of legalization at the ballot in 2014.

Despite that legislative setback for reform, sources emphasized that the panel discussion at the retreat focused on ensuring that equity is a focal point of any broader legalization legislation that advances on Capitol Hill.

Supernova Women Executive Director Amber Senter, who is a constituent of Lee’s and participated on the panel, told Marijuana Moment that there was extensive discussion about equity programs and clearing up misconceptions about who would qualify for equity benefits under proposed legalization legislation.

“I’m an operator and owner of a cannabis business in Oakland. And I wanted the lawmakers to understand the difference between social equity and black business,” she said, “because a lot of the lawmakers believe that they’re all the same—that if you’re a black person, you qualify for social equity, and that’s simply not true.”

“They were shocked. They were very intrigued, very engaged and want to follow up to learn how to protect black business,” Senter said.

Attendees seemed “very willing and open to learning more information about what’s happening from the operators’ perspective,” she said. “That was very encouraging. Lots of times in these types of settings, it’s policymakers that are speaking to the legislators, and they rarely get to hear from the operators on the ground who are affected by all these policies.”

Minority Cannabis Business Association (MCBA) Executive Director Amber Littlejohn, who also participated in the session, told Marijuana Moment that “it is encouraging to see House Democrats continue to consider this issue—important enough to dedicate this type of time and thought to it” at the retreat.

“It’s particularly encouraging that the panelists that there were folks that are really centered on equity and ensuring that, as we legalize, it will be rooted in equity,” she said.

That point was echoed by Maritza Perez, another were panelist who serves as director of the office of national affairs at the Drug Policy Alliance. She told Marijuana Moment that the MORE Act “continues to be the most far-reaching bill that addresses social equity in marijuana in Congress.”

Also speaking on the panel was the Brookings Institution’s John Hudak.

This isn’t the first time that congressional Democrats have put marijuana reform on the agenda for similar closed-door retreats. In 2019, Lee and Rep. Earl Blumenauer (D-OR)—who are both co-chairs of the Congressional Cannabis Caucus—also moderated a panel raising the issue to colleagues.

The agenda for that event touched on everything from the consequences of cannabis criminalization to frameworks that states have established as they’ve moved to enact legalization.

While it remains to be seen whether House leadership will put the MORE Act back on the floor this month, as advocates are pushing for, the bill did clear the Judiciary Committee in September. It passed the full chamber last session in a historic vote in 2020.

Ahead of Thursday’s Democratic caucus retreat, a GOP congressman, Rep. Jim Banks (R-IN), made a dismissive comment about the opposite party’s legislative priorities.

As questions were being raised about the timeline for the Democratic retreat amid negotiations over omnibus legislation, he made a sarcastic comment on Twitter: “Oh no! Will this delay the drag show or the discussion on racial equity in the cannabis industry?”

Members of the House Judiciary Committee advanced the bill sponsored by Congressman Jerrold Nadler (D-NY), in September. The bill was approved 26-15, with 24 Democrats joined by two Republicans.

The MORE Act repeals the long-standing federal prohibition of marijuana by removing it from the Controlled Substances Act — thereby ending the state/federal conflict over cannabis policies and providing state governments with greater authority to regulate marijuana-related activities, including retail sales.

“This legislation would end federal marijuana prohibition, address the collateral consequences of federal marijuana criminalization, and take steps to ensure the legal marketplace is diverse and inclusive,” the letter states.

“Mass criminalization and over-enforcement of drug law violations have devastated the social and economic fabrics of entire communities (…) And while Black, Latino, and Indigenous people have carried the brunt of marijuana criminalization, they have been shut out of the regulated marijuana marketplace due to these very same criminal records in addition to financial barriers to entry.” The Coalition praised the MORE Act for its “comprehensive approach,” as the bill would declassify marijuana as a controlled substance under federal law, expunge marijuana convictions, and reduce marijuana sentences.

“The Congressional Budget Office estimates that the MORE Act would have reduced time served by 73,000 person-years, over the 2021-2030 period, among existing and future incarcerated individuals. The bill, after solving the industry’s 280E tax issue, would also place a minor initial five percent federal excise tax on marijuana sales at the manufacturer level in order to fund services in communities adversely impacted by drug prohibition and to build up Small Business Administration programming to support a more diverse and inclusive marketplace with local ownership,” explained the letter.

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Trulieve has completed the acquisition of an Operational 64,000 sq. ft. Cultivation Facility in Phoenix and Celebrates One Year Anniversary of Recreational Cannabis Sales in Arizona

TALLAHASSEE, Fla., Jan. 21, 2022 Trulieve Cannabis Corp In Recent News announced it has completed the acquisition of an operational 64,000 sq. ft. cultivation facility in Phoenix, Arizona.

Trulieve will pay $13.75 million cash at closing, with potential milestone payments subject to earn-out and escrow requirements.

“We are excited to close this acquisition which is in line with our strategic priorities. The facility strengthens Trulieve’s presence in the cornerstone market of our Southwest hub, as well as expands our cultivation capacity. We look forward to serving more patients and customers throughout Arizona with our high-quality, proprietary brands.” said Kim Rivers, CEO of Trulieve.

See the source image

The new cultivation facility immediately improves supply chain capacity and becomes Trulieve’s fifth cultivation facility in Arizona, supporting Trulieve’s 17 dispensaries in the state of Arizona with flower for medical patients and adult-use customers. Trulieve locations in Arizona include Avondale, Casa Grande, Chandler, Cottonwood, Glendale, Guadalupe, Lake Havasu, Mesa, Peoria, Phoenix, Scottsdale, Tempe and Tucson.

Trulieve is also celebrating it’s one year anniversary of Recreational Cannabis in Arizona which occurred shortly after voters approved Proposition 207, which legalized the possession and use of marijuana for adults. Proposition 207, also known as the Smart and Safe Arizona Act, was a voter initiative that appeared on the November 3, 2020 Arizona general election ballot. Passing with about 60% of the vote, the proposition allows for the legalization, taxation, and recreational use of cannabis for adults 21 and over. Proposition 207 includes a new statute (A.R.S. § 36-2862) that authorizes some people to petition a court for an order that will seal their marijuana-related criminal records. Eligible petitioners are those who were arrested, charged, convicted or acquitted of any of the below listed offenses based on conduct occurring before November 30, 2020.

Kim Rivers, CEO of Trulieve

“Arizona’s adult-use market has surpassed expectations in its first year and our local teams are thrilled to celebrate this milestone with our patients and customers,” said Kim Rivers, CEO of Trulieve. “We are excited to celebrate this milestone with our loyal customers as we continue to expand access to across the state.” Trulieve-affiliated dispensaries in Arizona are located in Avondale, Casa Grande, Chandler, Cottonwood, Glendale, Guadalupe, Lake Havasu City, Mesa, Peoria, Phoenix, Scottsdale and Tucson.

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Posted on 02/08/2022 by Steven M Smith — Leave a comment

Canadians Love Their Beer! and Cannabis Outshines both Beer and Wine

The cannabis sector contributed $17 billion to Canada’s gross domestic product (GDP) for the year ending July 2021. Unlike beer ($9.3 billion sales) or wine ($8 billion sales), all adult-use cannabis sold in Canada is produced in Canada, magnifying the impact of cannabis on the country’s GDP.

“When you talk to them and you let them know that the GDP contribution right now is comparable to auto manufacturing, or to life sciences or even to dairy, when you show them those statistics they’re quite taken aback,” Khan told BNN Bloomberg in an interview.

“I’m hopeful out of this latest round of meetings that we will be able to get some sort of movement, the proof will be in the pudding, but I’m cautiously optimistic at this point.”

Rishi Malkani, a partner at Deloitte who heads the consultancy’s Canadian cannabis practice, added that cannabis has added to the government’s coffers as well as to the construction sector.

“Our hope with this report is that people would realize that the industry’s done a lot more than simply provide [licensed producers] with $4 billion of retail access,” Malkani said. “It’s loaded government coffers and it’s been a boon to the construction industry.”

Despite the layoffs, losses and the pandemic, the Canadian cannabis sector held its own, according to a new report released by Deloitte in conjunction with the Ontario Cannabis Store (OCS). “Deloitte said the cannabis sector has generated more than $15 billion in direct and indirect tax revenue for Canadian and provincial governments, while creating more than 151,000 jobs since Canada legalized recreational use of the drug in Oct. 2018,” said Omar Khan, senior VP of corporate and public affairs at High Tide

Racial Diversity and Environmental Impact – Lower Scores

The report also shed light on the lack of diversity in Canada’s cannabis industry as it re-examined a study by the University of Toronto that found that 72% of executives and directors in the sector identify as Caucasian males, while only 16% identify as racialized individuals.

It also highlighted the environmental impact that the cannabis industry bears, with 5,184 kilograms of carbon emissions being expelled into the atmosphere for every kilogram of dried flower produced. As well, between 5.8 million to 6.4 million kilograms of cannabis packaging were sent to landfills from 2018 to 2019 alone.

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Posted on 01/08/2022 by Steven M Smith — Leave a comment

Thailand: Plans To Legalize Cannabis Consumption, Carrying And Home-Cultivation In 2022

The Ministry of Public Health of Thailand stated that it will push for the legalization of cannabis in 2022.

As reported by the Bangkok Post, the country had already removed cannabis stems and branches from its list

of category 5 narcotic substances but kept flowers and buds.

However, the new Narcotics Code, which came into force last Thursday, no longer includes cannabis and hemp.

According to the Thai newspaper, Health Minister Anutin Charnvirakul outlined the next goals in the regulation of the plant: “What we have achieved so far is to declare that cannabis stems, roots, and leaves are not drugs. Starting next year, we will remove everything – stems, roots, leaves, buds, flowers, and seeds – from the list of narcotic drugs.”

Cannabis And Hemp in Thailand the only exception to the new rule is that CBD extracts with a THC percentage higher than 0.2% will not be allowed.

Charnvirakul justified this by saying that “the figure has not been set unilaterally by Thailand. It is the standard of the World Health Organization.”

World Health Organization

In the meantime, once the new narcotics schedule comes into effect, all cannabis-derived products (such as oil, soap, cosmetics, and supplements, which normally have less than 0.2% THC) will be authorized in the country.

The objective behind the relaxation of cannabis regulations is to stimulate the economy, agricultural tourism, and encourage people to grow and process cannabis to supplement their income.

Thus, residents of the country who wish to grow cannabis at home will be able to do so without quantity restrictions.

The only requirement is to obtain permission from local authorities before doing so.

Is weed legal in Thailand?

Medical: Legal
Recreational: Illegal

The use of recreational cannabis in Thailand is illegal but cultivating it and using it for medical purposes is permitted, thanks to recent governmental policy updates. Here’s a look at how Thailand’s marijuana laws have evolved.

Marijuana in Thailand: a brief legal history

In the 1930s, as many countries around the world began regulating marijuana usage, Thailand got on board as well. In 1935 Thailand’s government passed the Cannabis Act, criminalizing the possession, sale, and use of the substance. In 1979, Thailand cracked down even further passing the Narcotics Act of B.E.2522 which ranked cannabis as a Category 5 drug. With the Thailand government’s strict drug penalization policies, this meant getting caught with large doses of marijuana could result in the death sentence!

Thailand’s weed laws remained unchanged until 2019 when the World Health Organization (WHO) changed weed’s classification from a Schedule IV to Schedule 1 ranking due to “evidence that some cannabis-based preparations have a medical use.”

Inquirer.net reported on how Thailand became the first Southeast Asian country to loosen its weed laws in turn with the passage of Narcotics Act (No. 7) B.E. 2562, which officially legalized the use of marijuana for medical purposes.

In January 2021, Thailand continued to loosen medical marijuana restrictions, legalizing the sale of food and cosmetics products containing cannabis leaves, stems, stalks, and roots.

Thai sentiment toward marijuana

Cannabis, or Ganga as it is locally called, was once a major part of Thai people’s lives. Women used it to ease labor pains and men used it to ease back pains after a long day of physical labor. The hemp plant was also commonly used to season cooking and for the creation of locally worn fabrics.

Today, with the new legalization of hemp products, cafes and restaurants such as S AM ARE, GTG Cafe and Kiew Kai Ka Cafe use CBD in their cuisine. Weed-loving visitors will be happy to find a wide range of cannabis-infused foods including omelets, salads, ice milk tea, cookies, and croissants, to name a few.

As for local sentiment towards its recreational use, a recent survey of 700 residents in Greater Bangkok, aged 20 to 59, revealed that over 64% are willing to try products containing low levels of THC Nikkei Research reported.

Recreational use: is marijuana legal in Thailand?

No, recreational marijuana is still illegal. Thanks to its heavy tourism industry, however, smoking weed in Thailand is a common sight on the beaches of Koh Phangan and Pai as well as in rasta bars. In city centers like Bangkok and Phuket however, you are far more likely to get caught and face criminal charges.

What are the penalties for cannabis possession in Thailand?

Like many countries in Asia, Thailand has strict drug laws. Possession of 10 kg or more of marijuana with an intent to sell it can result in a 15 years prison sentence and a fine of 1.5 million baht (~USD$45,000). Getting caught with a small amount of marijuana for recreational usage can result in confiscation and fines, as well as dealing with the hassle of the local police, as many Reddit users warned.

What are Thailand’s policies on medical cannabis and CBD-based products?

Thailand is at the forefront of the South-Eastern Asia medical marijuana front. On May 11, 2021 the country opened two full-time clinics dispensing cannabis oil for medical treatment.

Additionally, Thailand has several government agencies and state-registered agricultural community programs for the cultivation and possession of cannabis. Hemp-based products with under .2% THC are legal.

To help locally source hemp production, as well as generate increased local revenue, Thailand’s new prime minister passed legislation allowing households to grow up to 6 cannabis plants each, as reported by Bloomberg News. Similar to EU policies, Thai-grown cannabis plants must contain less than .2% THC, and be sold to the country’s medical facilities.

Thailand residents with approved health conditions can get a prescription from their doctor for marijuana use. Visitors wishing to bring in their medical marijuana may do so as well upon presenting their doctor’s prescription.

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Posted on 12/21/2021 by Steven M Smith — Leave a comment

Cannabis Global, Inc.: Cannabis Global Reports Significantly Increased Revenues for the Fiscal Year End – Files Annual Report

LOS ANGELES, CA December 15, 2021, Cannabis Global, Inc., an innovation-oriented company investing in disruptive cannabis technologies, today announced the filing of its annual report for the fiscal year ended August 31, 2021. Revenues for the fiscal year grew to just over $1.6 million, compared to approximately $27,000 for the previous fiscal year.

Growth was attributed to increased sales and distribution of cannabis products across a broad array of product ADVERTISEMENT lines, including cannabis flower, edibles, and concentrates. “We are pleased with the strong growth of our distribution and manufacturing businesses via Northern Lights Distribution and Natural Plant Extract of California, respectively,” commented CEO Arman Tabatabaei.

“The customers generating our growth are ordering consistently into this current fiscal year and in some cases are expanding orders and revenues with us. With strong revenue growth and pending new product introductions we remain confident moving into calendar 2022. Our major emphasis moving forward will be to improve profitability especially relating to our high cost of capital to better ensure our bottom line matches the strength of our revenue growth.” CBGL has recently announced the addition of several new product categories, including solventless extracts, infused cannabis pre-rolls and innovative categories of cannabis edibles, which are expected to be released near or after the new year. Mr. Tabatabaei continued, “While this past fiscal year was a year of acquisition, product development and of positioning our products and distribution efforts into an increasingly competitive California cannabis market, we anticipate this current fiscal year being one of emphasis on profitability, new product introductions and full utilization of our suburban Los Angeles manufacturing and distribution facilities.”

At the Lynwood facility, the Company plans to manufacture various cannabis edibles based on its internally developed intellectual property, including its high melt cannabis edible technologies specifically designed for the temperature extremes of cannabis delivery.

Cannabis Global also plans to utilize its distribution license to capture the entire production and distribution revenue stream relative to products produced at Lynwood. “We are now in a fortunate position to have a strong combination of proprietary technologies for cannabis edibles, licensed manufacturing, and licensed distribution capabilities,” commented Arman Tabatabaei, CEO.

“We plan to begin production and marketing of unique cannabis edibles under the Northern Lights brand name. Since we control both manufacturing and distribution licenses, we will be able to maximize our revenue and profit opportunities. We are particularly excited about our ‘high melt’ technology that allows us to manufacture cannabis edible products with unique thermal protection properties, which we believe offers an advantage relative to the hot Southern California climate and cannabis delivery services, which are certainly growing in popularity.”

Cannabis Global’s product lines to be produced and distributed out of the Lynwood, California facility will be marketed under the Northern Lights brand name. The Company plans to target both the mass market via economy brands and the high end of the edibles marketplace via offerings with exceptionally clean labels based on natural ingredients and solventless extracts. The Company is in the final stages of completing the brand redesign with a top brand designer for Northern Lights

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

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Surge in the Majority of Cannabis Stocks This Past Friday – Ahead of States Reform Act

Nov. 15, 2021 1st Hemp USA Reposts- The recent surge of cannabis stocks after news of a draft bill, known as the States Reform Act, Rep. Nancy Mace (R-SC) is leading the preliminary marijuana bill, that is set to legalize and tax marijuana.

This news created a surge in the majority of cannabis stocks on Friday, November 12, 2021

According to news sources, Rep. Nancy Mace (R-SC) is leading the preliminary marijuana bill (still being circulated for feedback) and hopes to have a final version officially filed later this month.

This is a huge development in the marijuana industry making this a very active year on the Hill for cannabis reform. “Republican buy in could prove critical to getting something over the finish line, and the Mace measure seems aimed at appealing to the states’ rights and business interests of conservative colleagues on her side of the aisle while also incorporating some restorative justice and tax elements largely favored by progressives,” cited the source.

Cannabis would be federally de-scheduled and treated in a manner similar to alcohol.

A 3.75 percent excise tax would be imposed on cannabis sales. Revenue would support grant programs for community reentry, law enforcement and Small Business Administration (SBA) aid for newly licensed businesses.

The Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB) would be the chief regulator for marijuana with respect to interstate commerce.

The Food and Drug Administration (FDA) would be limited in its regulatory authority, with the intent being that it would have no more control over cannabis than it does for alcohol except when it comes to medical cannabis.

The agency could prescribe serving sizes, certify designated state medical cannabis products and approve and regulate pharmaceuticals derived from marijuana, but could not ban the use of cannabis or its derivatives in non-drug applications, like in designated state medical cannabis products, dietary supplements, foods, beverages, non-drug topicals or cosmetics.

Raw cannabis would be considered an agricultural commodity regulated by the U.S. Department of Agriculture (USDA). The legislation would grandfather existing state-licensed cannabis operators into the federal scheme to ensure continued patient access and incentivize participation in the legal market.

As federal agencies work to promulgate rules, there would be safe harbor provisions to protect patients and marijuana businesses acting in compliance with existing state laws.

People with certain federal cannabis convictions that were non-violent would be eligible for expungements.

To prevent youth use, there would be a mandatory 21 age limit for recreational cannabis, and the bill also prescribes certain restrictions on things like advertising. SBA would need to treat marijuana businesses the same as other regulated markets, like it does for alcohol companies, for example.

The measure also stipulates veterans can’t face discrimination in federal hiring due to cannabis use, and doctors with the U.S. Department of Veterans Affairs (VA) would be specifically authorized to issue recommendations for medical cannabis for veterans.

Federal agencies could continue to drug test for marijuana.

The Bureau of Labor Statistics (BLS) would be required to issue a report to Congress on the marijuana industry.

Provisions are subject to change as the proposal is finalized ahead of its formal introduction in Congress.

What does this look like for investors in the cannabis sector?

Increased trading as the push for federal cannabis reform continues;

with upcoming healthy 4th quarter earnings; and cannabis listed as one of the top five crops in the U.S.

“As it stands, cannabis is already a multi-billion dollar industry and reports show that this number will only increase over time.”

With the market expected to grow to $51 billion by 2025, can one expect anything less?

Lucrative opportunities abound in the cannabis sector much like in the industrial hemp sector. Industrial hemp has nearly unlimited potential and the surface of that potential has only been scratched. With immense profits to be made, there is no doubt that companies in the industry, will benefit from it.

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Congressional Democrats Elevate Marijuana Equity Issues At Retreat Panel Focused On Legalization

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Canadians Love Their Beer! and Cannabis Outshines both Beer and Wine

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Is weed legal in Thailand?

Marijuana in Thailand: a brief legal history

Thai sentiment toward marijuana

Recreational use: is marijuana legal in Thailand?

What are the penalties for cannabis possession in Thailand?

What are Thailand’s policies on medical cannabis and CBD-based products?

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For More Information on Cannabis and CBD and YOU. Click On the Following Link

USE PROMO CODE ” QPRBBV78NY ” (COPY & PASTE) @ E-COMMERCE WEBSITE & SAVE 15% OFF ALL ORDERS –

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For more information on Hempsmart CBD Product Line Double Click On Story’s Body

For Information on The Hemp Movement Click

^https://inspirationaltech.org/2021/11/01/misunderstood-the-hemp-saga-underway-2021/

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