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Heartland Cannabis Business Update – July 26, 2019

Erika Gee
Erika Gee

Partner

Little Rock

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What if we told you that Canadian scientist have found a component in cannabis that is "30 times more powerful at reducing inflammation than Aspirin"? That seems really significant. Read on to find out more about that, along with all of the cannabis business news impacting Missouri, Oklahoma and Arkansas.

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

How Consumers Are Shaping Cannabis Consumption - Visual Capitalist

Cannabis consumers are clearly moving away from simply smoking the product.

80% Of Vape Products Could Be Fakes - Green Market Report

This means that 8 in 10 times, cannabis consumers around the U.S. are consuming products that have not been distributed through licensed providers, manufacturers, distribution companies, and retailers.

UFC teams with Aurora Cannabis on CBD study in fighters - CNN

Aurora and UFC officials say they hope the studies will show the effectiveness of CBD and specific formulations of the compound in areas such as wound care, recovery, injury, pain and inflammation.

Study: Cannabis Flavonoids Contain Pain Relieving Properties - Ganjapreneur

Researchers at the University of Guelph in Ontario say they have identified pain-relieving cannabis flavonoids that are "30 times more powerful at reducing inflammation than Aspirin."

Marijuana Compound CBD Shows Promise For Treating Cocaine And Meth Addiction, Study Suggests - Marijuana Moment

"CBD has shown promising results in reducing the inflammation and seizures induced by cocaine and in several preclinical models of addiction to amphetamine, cocaine and METH. Importantly, a brief treatment of CBD induces a long-lasting prevention of reinstatement of cocaine and METH seeking behaviours."

Marijuana Use Similar to New Lower Rate of Cigarette Smoking - Gallup

The 12% of U.S. adults who answered yes to the question "Do you, yourself, smoke marijuana?" is consistent with the 11% to 13% range Gallup has found since 2015, but slightly higher than the 7% reporting this in 2013.

Cannabis company's CEO: Being unbanked meant paying $3 million tax bill in cash - MarketWatch

Players in growing industry urge action on legislation that would protect banks and credit unions that work with the marijuana industry.

New Bill to End Federal Marijuana Prohibition Introduced - Marijuana Times

Among other things, the bill would remove marijuana from the Controlled Substances Act and allow states to set their own cannabis policies.

Federal Officials Give Hemp Legalization Update At Senate Hearing - Marijuana Moment

While advocates have cast doubts on interest within the Republican-controlled Senate to pursue broader marijuana reform, hemp is one area where lawmakers from both parties have expressed support.

Missouri News

Who will be Missouri's 'blind scorer' for marijuana business licenses? - Springfield News-LeaderĀ 

Missouri's blind scorer bid had to be reissued, according to state records. A first round, issued in June, got no takers.

Selection process for Missouri marijuana licenses needs racial equity boost, advocates say - St. Lous Post-Dispatch

In making its selections, the state plans to use a blind scoring process that strips applicants' identifying information, including race.

Which Local Hospitals Are Planning To Recognize Medical Marijuana As A Treatment Option? - KRCU

SoutheastHEALTH is currently investigating whether it will allow their physicians to recommend the drug for patients, they stated in a press release, adding that it's "too early" to take a final stance.

Medical marijuana or guns: Missourians may have to choose - Fox6 Now

As Missouri prepares to enact its rollout of the legalization process, state law seems to be something of a gray area, but federal precedent is well established.

Oklahoma News

Seized marijuana returned to Enid dispensary after charges dismissed - The Oklahoman

After finding 21 pounds of marijuana during a traffic stop early June 4, suspicious Logan County sheriff deputies arrested the driver and passenger despite their repeated protests they were delivering for a dispensary.

What Public Data Reveals About Oklahoma's Cannabis Industry - Yahoo Finance

The state has 1,673 licensed dispensaries and 3,559 licensed cultivators for 153,864 patients. This means that there are currently 92 patients per dispensary if all licensed dispensaries become operational.

More Oklahoma patients getting medical marijuana cards through online service - FOX25

Through the site, people can skip a trip to the doctor's office to get a recommendation for a medical marijuana. They can talk to a doctor online a secure video chat.

Arkansas News

Medical marijuana sales in Arkansas total nearly $3.5M - KARK

Combined, this is more than 504 pounds of medical marijuana sold and $3.46 million in total sales.

Another proposal seeks legal recreational use of marijuana in Arkansas - Arkansas Democrat Gazette

The Arkansas Recreational Marijuana Amendment would legalize cannabis "as an intoxicant for the purpose of adult enjoyment or pleasure" for those older than 21. It would give regulatory authority to the Arkansas Agriculture Department and the state Alcoholic Beverage Control Division, which regulates medical marijuana.

Bonus Section

Marijuana? Cannabis? Weed? Pot? Dope? What do you call that stuff? - Chicago Tribune

Everybody's talking about it these days, but as we talk, the question grows more urgent: What are we supposed to call this stuff?.

Hemp Oil vs. CBD Oil: What's the Difference? - Greencamp

A growing "green rush" towards products made with CBD (cannabidiol), a non-psychoactive component of cannabis, has created a wealth of new products and terms that can easily be overwhelming and confusing to consumers.

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

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