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Heartland Cannabis Business Update – August 23, 2019

Erika Gee
Erika Gee

Partner

Little Rock

Hemp in Arkansas: Grow Your Know 3-6 p.m., January 23
Wright Lindsey Jennings, Little Rock

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This week's update answers two very pressing questions: what are the best cannabis apps & how many licensed cannabis dispensaries are there in Oklahoma? We've read all of the cannabis business news and selected the best articles impacting Oklahoma, Arkansas and Missouri. Here's our roundup of the stories we think are worth your time this week.

Arkansas, Oklahoma and Missouri Medical Marijuana and Recreational Cannabis Business Roundup

Marijuana Flower Offers More Pain Relief Than Other Cannabis Products, Study Finds - Marijuana Moment

"Whole cannabis flower was associated with greater pain relief than were other types of products, and higher tetrahydrocannabinol (THC) levels were the strongest predictors of analgesia and side effects prevalence across the five pain categories."

Cannabis Flavonoid Shows ‘Significant' Potential as Pancreatic Cancer Therapy - Ganjapreneur

Harvard researchers recently identified a specific cannabis flavonoid that was able to kill tumor cells in 70 percent of mice with pancreatic cancer.

Cannabis Contaminants: Regulating Solvents, Microbes, and Metals in Legal Weed - Environmental Health Perspectives

"States have become experts at taxing and controlling this industry, and public health and safety has generally been a secondary or even-later-down-the-line consideration."

How Cannabis Company Caliva Survived a Business-Ending Regulation - Green Entrepreneur

When a new law limited how companies can deliver cannabis, Caliva just invested more in their delivery service.

No Longer In Hiding, the Scent of Cannabis Joins the Perfume Counter - Bloomberg

In marijuana's march to mainstream acceptance, high-end fragrances are tapping into a desire for earthy, woodsy creations.

Will consumers accept CBD at grocery stores? - Cannabis Business Executive

If grocery stores are to fully capitalize on the CBD boom, two consumer groups will be key: current CBD consumers looking for trusted, familiar sources and potential CBD consumers seeking lower prices and easier access.

NCUA greenlights credit union loans for US hemp businesses - Greencamp

"Many credit unions have a long and successful history of providing services to the agriculture sector. My expectation is that credit unions will thoughtfully consider whether they are able to safely and properly serve lawfully operating hemp-related businesses within their fields of membership," NCUA Chairman Rodney E. Hood said in a statement.

Weedmaps To Stop Advertising Unlicensed Cannabis Businesses - Marijuana Retail Report

The major online pot shop directory and cannabis marketplace Weedmaps announced Wednesday that it will no longer allow black-market businesses to advertise on its site, a decision that could boost California's efforts to rein in its vast illegal market.

Arkansas News

Arkansas medical marijuana sales reach a high of $6 million - KATV

Initially, the question was if the quantity of marijuana sales would amount to 1,000 pounds by the end of 2019. That question has shifted to a new number.

Proposed LR ordinance making marijuana offenses by adults one of the lowest priorities for police fails - FOX16

The ordinance would have ordered police officers in the City of Little Rock to make the investigation, citation, seizure or prosecution of misdemeanor marijuana offenses by adults the lowest priority.

Second Bentonville Medical Marijuana Dispensary Opens - KUAF

Releaf Center medical cannabis dispensary is located in rural northeast Bentonville. The Source, operated by Erik Danielson, is located on north Walton Boulevard a few blocks south of Walmart headquarters.

Oklahoma News

Oklahoma's Medical Marijuana Program Continues to Impress - Marijuana Times

Oklahoma has a thriving medical program that continues to grow and exceed expectations. With over 6,500 licenses approved and some 1,700 dispensaries in the state, the more than 162,000 qualified patients in Oklahoma are well-served.

Unity Bill will protect medical marijuana patients - FOX 25

Every employer across this state will have to examine their drug testing and employment policies to ensure that they're in line with the new law.

Oklahoma Bans Employment Discrimination Against Marijuana Patients - Merry Jane

While the media lauds Colorado and California for being so-o-o-o progressive on drug policy reform, Oklahoma — which only launched its medical marijuana program in June 2018 — will enact a new law this month that bans employers from unfairly drug-testing the state's marijuana patients for THC.

Oklahoma AG to agree to stipulation: Police won't have access to patients' information on medical marijuana licenses while lawsuit is pending - Tulsa World

"We hope this serves as a lesson to the state of Oklahoma, and more specifically the Legislature, that patients and businesses alike will fight to protect the undoing of State Question 788."

Evolving competition - OK Gazette

"It's got five different things on a scale of one to five. It's like taste, aroma, texture, effectiveness and burnability. I've had one where I gave straight fives. One. And it deserved straight fives."

Missouri News

Missouri will award 348 marijuana business licenses — selected from 2,100 applications - Springfield News-Leader

"I think the 2,100 (business) applications really is stunning. It shows that Missouri is different than other programs. If you compare our program to states like Arkansas, that's a lot more accessible than many states we've seen that have a relatively small number of licenses." - Jack Cardetti, Spokesman for the Missouri Medical Cannabis Trade Association

Pot applications bring millions to Missouri, but some missed deadline because of website errors - St. Louis Post-Dispatch

The state raked in a total of more than $13 million in fees from 2,163 marijuana business applications filed by a deadline of 4:30 p.m. Monday. More than 1,200 applications were submitted the final three days, including more than 800 applications in the last 24 hours.

Livingston Co. Prosecutor explains decision to no longer prosecute misdemeanor marijuana possession cases - KQ2

The policy will stand until the Missouri State Legislature makes changes to the law, or the Missouri Highway Patrol Crime Lab can handle the many thousands of requests for determination and distinguishing between statutory marijuana and statutory hemp that this new hemp law requires.

Bonus Section

Here's a list of all 1,792 licensed medical marijuana dispensaries in Oklahoma - OMMA

The city of Tulsa has 211..

The best weed apps, from social networks to Denver dispensary deals - The KNOW

Despite the wild discrepancies in marijuana laws from state to state, a slew of new mobile applications are built specifically for consumers to offer everything from social networking and strain reviews to dispensary locators and advance ordering online.

Explaining the Benefits of Cannabis to Your Grandma - Green Entrepreneur

Mention cannabis to the average grandmother and she'll probably sport a worried expression as she pictures stereotypical stoners and drug addicts.

Thanks for taking time to read the Heartland Cannabis Business Update. See you next week!

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