Dillard's jumps on the CBD bandwagon. Craft cannabis competes with Big Marijuana. FBI interviews state officials about Missouri's medical marijuana program. Oklahoma's cannabis industry prepares for higher compliance costs. Arkansas Business' interviewed Erika Gee about cannabis investing. What a week! We've read all of the cannabis business news and selected the best articles impacting Arkansas, Missouri and Oklahoma. Here's our roundup of the stories we think are worth your time this week.
The state government of California is currently developing rules that will define whether a geographic area can be deemed a marijuana growing region. For small farmers, who are threatened by industrial competitors and the cost of regulation, survival may depend on customers caring about the specific location and soil in which their cannabis is grown.
The cost of taking preventative measures to develop a meaningful label is considerably less than the types of product labeling verdicts and settlements affecting other industries. Focus on warnings and the use of all natural labels as a starting point.
More Than 100 Marijuana Businesses Urge Congress To Include Social Equity In Legalization - Marijuana Moment
"We would argue that if Congress chooses to end federal cannabis prohibition but chooses not to address these glaring racial and economic disparities in the process, it will in fact pick those who are already the most well-financed, the least likely to have suffered an arrest and conviction, and almost certainly do not come from the communities that were severely harmed by decades of prohibition to be the winners of the new economy."
While we may disagree about the medical value of cannabis and the various state efforts to legalize cannabis, it is beyond dispute that the barriers to cannabis research inhibit this nation's ability to both thoroughly evaluate the benefits and risks associated with increased cannabis use and craft responsible policy governing such use.
Here is a sampling of the 3,499 public comments shared with the FDA.
Investing in the marijuana business these days doesn't require bags of cash or secret handoffs, but there are still risks, and experts advise looking before leaping into the new medical cannabis industry.
Dillard's Inc. has jumped on the cannabidiol bandwagon with a line of wellness and beauty products infused with the hemp-derived extract.
Located at 9400 McNelly Road, The Releaf Center is one of two dispensaries in Northwest Arkansas hoping to open this summer. The other, Arkansas Medicinal Source Patient Center at 406 Razorback Drive, has requested an inspection but a date has yet to be scheduled.
Erik Danielson, a Fayetteville attorney who is a minority stakeholder in one of Arkansas' 32 medical marijuana dispensary license holders, has partnered with Slang Worldwide Inc., a global cannabis consumer packaged goods (CPG) company with a robust portfolio of brands.
FBI interviewing Missouri officials about medical marijuana program and contracting - The Kansas City Star
News that the FBI interviewed state officials about Missouri's burgeoning medical marijuana program could inspire renewed efforts to establish legal protections for those who get involved with the program.
Kansas City medical cannabis market attracts 73 applicants for 24 licenses - Marijuana Business Daily
In contrast, the mostly rural 6th Congressional district north of Kansas City has only 17 applications.
Medical marijuana is legal in Missouri, but renting space for dispensaries proves difficult - fox4kc
"This has been passed by the people of Missouri," said Jay Humfeld, co-owner of KC's Hemp Haven. "Missouri wants this stuff, and how can we give the Missourians what they want if no land lord will give us a shot?"
Oklahoma medical cannabis businesses prepare for ‘necessary' rules that will up compliance costs - Marijuana Business Daily
"The industry association supports this because there's so much illegal activity occurring, and we want to support businesses that are doing it right." - Bud Scott, executive director of the Oklahoma Cannabis Industry Association
As some ordinances shut out marijuana businesses, see how Oklahoma cities are regulating patients, cannabis industry - Tulsa World
Five cities across Oklahoma are facing legal challenges to their proposed or enacted regulations. The city of Shawnee just backed off on the part of its ordinance that would have imposed fees and fines on patients growing cannabis at home.
"The great revival of Wagoner is going to put people walking up and down Main Street again in Wagoner. Open restaurants and consumer lounges, and microbreweries, apartment places people want to hang out and even more too."
People from across Oklahoma will be selected as judges to sample and vote on their favorite marijuana products across 20 categories.
"… And, combined with other observations made by the police officer, may provide grounds for the investigation to proceed further, either by making a demand for a drug recognition evaluation or for a blood sample," the government's notice states.
Look for CBD from a licensed dispensary or online store. If you are buying online, make sure that you read the reviews of the real customers and go through their terms and condition as well.
If you're looking to learn more about the wide world of cannabis, here are seven cannabis documentaries that you have to watch!