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Heartland Cannabis Business Update – August 9, 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

Tickets
Free

Another great week for the Heartland! Oklahoma's Medical Marijuana industry has been estimated to be worth $250 million per year by 2025. Missouri received 600 application fees for cannabis business licenses. Arkansas' 7th medical marijuana dispensary opened... The Green Rush is real! We've read all the cannabis business news, sweeping through the weeds to uncover the best articles impacting Missouri, Oklahoma and Arkansas. Here's our roundup of the stories we think are worth your time.

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

10 Most Common Reasons People Use Medical Marijuana - Civilized

Over 30 states in America currently allow medical marijuana. But not all states allow the same qualifying conditions for medicinal cannabis. Some allow it for virtually every condition that could possibly benefit from it, while others are far more restrictive on what qualifies.

Marijuana Legalization Causes 'Significant Decline' In Opioid Overdoses, New Research Finds - Marijuana Moment

"We estimate that [recreational marijuana laws] reduce annual opioid mortality in the range of 20%–35%, with particularly pronounced effects for synthetic opioids."

The 5 Key Takeaways From the 2019 State of the States Report - Americans for Safe Access

The nearly 200-page report we created provides a detailed analysis of the state of medical cannabis programs around the country.

Green Rush: How Legal Hemp Opens The Door For Cannabis Investment - Forbes

The legal landscape around cannabis in the U.S. is increasingly byzantine, but there is no ambiguity about hemp: It has been federally legal since the government passed the Farm Bill in December 2018. This means that both the crop and hemp-derived products can now legally cross state lines, even if the cargoes occasionally arouse suspicion.

14% of Americans Say They Use CBD Products - Gallup

Since the 2018 Farm Act legalizing the cultivation of hemp was signed into law last December, many CBD-based products have hit the market, but the large majority of Americans are not yet familiar with them or don't use them. Those who say they use them do so primarily to treat pain, anxiety and sleeplessness.

AriZona Iced Tea's Parent Company Announced Plans For THC-Infused Vape Pens And Gummies - delish

AriZona is one of the first mass-market consumer goods brands to enter the space. Last year, Heineken launched a THC-infused sparkling water under its Lagunitas brand. Currently, it is only sold in California dispensaries.

Infusing marijuana with data: Cannabis industry vets aim to clear the haze in a booming industry - Geek Wire

Think of it this way: Nabisco doesn't even consider launching a new Oreo flavor without reams of market data. Soon, if Headset and companies like it have their way, pot companies won't market a new vape pen or tincture without similar numbers to back them up.

What You Need to Know About Cannabis Incubators - Green Entrepreneurs

Need help growing your cannabis startup? A new crop of incubators are here to help…for a cost. Here's what to know.

DC to Accept Medical Marijuana Cards From Any State - Fairfax News

Non-residents needing their medication while they are visiting the District will be able to patronize the District's regulated marijuana dispensaries and obtain their medication.

After 4-Year Wait, Louisiana Medical Patients Can Get Some Weed - Cannabis Now

Louisiana allows only two licensed growers to produce medical cannabis, both under the auspices of a research university — one Southern University, the other Louisiana State University.

Florida legalized hemp. Now prosecutors are dropping marijuana charges and retiring dogs - The Florida Times-Union

Hemp is identical to marijuana, minus the THC, but dogs and cops can't smell a difference. That means Florida prosecutors are instructing police to change when they can search people for probable cause, and some are dropping marijuana charges wholesale.

Oklahoma News

Grass is greener in Oklahoma - Arkansas Times

They're currently estimating that Oklahoma's Medical Marijuana industry will be worth $250 million per year by 2025.

High hopes - Oklahoma Gazette

Oklahoma might be about to have its first Cannabis Cup, but the champions will not be the first Okies to win one.

Will Cops Get Access to Oklahoma's Medical Marijuana Patient Database? - Merry Jane

Cannabis advocates are suing the state over a "confusing" new law that could allow police to target medical marijuana patients for DUIs and other criminal charges.

Missouri News

Everything you need to know about medical marijuana in Missouri - Springfield News-Leader

Since medical marijuana was passed in Amendment 2 last year, there's been a lot of change in Missouri already. Marijuana will be legal for those with a qualifying medical condition and the legalization is bringing business, new rules and more changes to Springfield and Missouri. Here's everything you should know.

The complete rundown of getting a medical marijuana card in Missouri - St. Louis Post-Dispatch

Applications for medical marijuana cards are currently being accepted, however, cannabis dispensaries aren't expected to be available until mid-to-late 2020.

Slow Start For Missouri's Medical Marijuana Program - St. Louis Public Radio

Roughly 600 applicants chose to pay their required fees in advance, but so far only 27 full applications have been submitted.

Arkansas News

Marijuana commission approves name, location and ownership changes - Arkansas Times

In a meeting of the state Medical Marijuana Commission on Tuesday afternoon, commissioners approved name changes for three dispensaries, floor plan changes for five dispensaries and change in ownership requests for four dispensaries.

Arkansas's 7th medical marijuana dispensary opens in Bentonville - KATV

Of the five cultivation facilities approved in the state, three are operational. The remaining two, both located in Newport in Jackson County, are expected to open by the end of the year as well.

Armstrong Shifts from Politics to Cannabis Industry - Arkansas Money & Politics

"Adult-use is the way of the future. My hope is that [my company] can act as a positive force in this industry, helping it to grow, but also cultivate a sense of responsibility, and respect for responsible use, in both industry players and consumers."

Bonus Section

Puff Puff YASS: 6 Queer Entrepreneurs Leaders Revolutionizing the Cannabis Industry - Civilized

They're all industry folks, from founders and CEOs to creative directors, and they're aren't just managing their companies — they're creating specific cannabis spaces for queers, women, people of color, and kink communities.

Everything You Need to Know About High-Terpene Full-Spectrum Extracts - Cannabis Training University

High-terpene full-spectrum extracts (HTFSE) are the latest rage among concentrate connoisseurs looking for a flavorful and aromatic extract that represents the strain's original chemical profile.

How to Properly Store Your Marijuana - Medical Marijuana Inc.

Get the most out of your marijuana budget by storing your cannabis to preserve its potency, flavor, and more. Here we look at marijuana storage to help you keep your stash fresh.

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

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