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Heartland Cannabis Business Update – July 19, 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

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.

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

Can craft cannabis compete with Big Marijuana? - PBS News Hour

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.

How Half-Baked Labels Can Destroy a Cannabis Business - Cannabis Industry Journal - Markets Insider

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."

Why Congress should pass the Medical Marijuana Research Act of 2019 - The Hill

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.

Read the Public Comments to the FDA on CBD Policy - Cannabis Business Times

Here is a sampling of the 3,499 public comments shared with the FDA.

Arkansas News

Where There's Smoke, There's Diligence Due in Cannabis Investing - Arkansas Business

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 adds line of CBD products - Northwest Arkansas Democrat Gazette

Dillard's Inc. has jumped on the cannabidiol bandwagon with a line of wellness and beauty products infused with the hemp-derived extract.

Inspection Date Set For Bentonville Medical Marijuana Dispensary - 5News

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.

Oklahoma cannabis connection could benefit NWA dispensary license holder - Talk Business & Politics

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.

Missouri News

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 News

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.

Wagoner going all in on medical marijuana, hope to be cannabis capital of the state - KTUL

"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."

High Times Cannabis Cup set for Oklahoma City later this summer - Tulsa World

People from across Oklahoma will be selected as judges to sample and vote on their favorite marijuana products across 20 categories.

Bonus Section

Canada Approves Second Stoned Driving Saliva Test - Ganjapreneur

"… 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.

A Complete Guide On CBD Consumption: All That You Need To Know - Weed News

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.

The 7 Best Cannabis Documentaries to Watch Right Now - Cannabis & Tech Today

If you're looking to learn more about the wide world of cannabis, here are seven cannabis documentaries that you have to watch!

We'll see you next week, thanks for taking time to read the Heartland Cannabis Business Update.

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