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Heartland Cannabis Business Update – June 21, 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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Let's get into it, Congress is exploring options on behalf of small cannabis businesses. Several licensed cannabis businesses in Arkansas are adjusting company names, ownership structures and locations. The national paper of record presents the Christian case for marijuana... What a week! We've read all the 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

US cannabis employment to jump 34% in 2019 thanks to California, growth in new markets  - Marijuana Business Daily

The number of full-time cannabis employees in the United States is expected to grow 34% in 2019 over the previous year, with the potential to top 200,000 workers. That's more than the number of flight attendants in the U.S. and more than double the number of veterinarians.

Lawmakers explore easing rules on small cannabis businesses - The Hill

"As the only House Committee dedicated solely to the needs of small firms, it is important for us to be shedding light on the challenges these small entities face as well as the economic potential they offer. Despite growing economic opportunities around legal cannabis, factors like federal law enforcement, conflicting rules among the states, and our current banking regulations are hindering the ability for entrepreneurs and small businesses to fully engage in this new industry."

In 'historic vote,' US House protects state-legal cannabis programs - Marijuana Business Daily

The amendment to the fiscal year 2020 Commerce-Justice-Science spending bill specifically prohibits the Justice Department from using funds to prevent states, Washington DC and U.S. territories from implementing their adult-use and medical marijuana programs. industry.

House Passes Amendments Stripping DEA Funding And Pushing FDA To Regulate CBD - Marijuana Moment

The amendment's description directs FDA to "undertake a process to make lawful a safe level for conventional foods and dietary supplements containing cannabidiol (CBD) so long as the products are compliant with all other FDA rules and regulations."

United States of Weed - Rolling Stone

Curious about the status of cannabis? Here's a map of where marijuana legalization stands across the country — and a deeper look into some places with disparate approaches to pot.

It's Time to Recognize Cannabis Is a Valid Business Career - Green Entrepreneur

According to ArcView Market Research, the cannabis industry will employ well over 400,000 people in the US by 2021. By conservative estimates, there are already 211,000 cannabis jobs across the United States now, of which 64,000 were added just in 2018. As more states legalize cannabis, employment needs and opportunities will grow exponentially.

Legal Cannabis Industry Sets Environmental And Ethics Goals - Marijuana Retail Report

The 45-member Global Cannabis Partnership, which includes Canopy Growth Corp. and other companies operating in the sector, issued guidelines aimed at minimizing greenhouse gas emissions and promoting ethical conduct and responsible pot use.

There's Growing Evidence Cannabis Helps Older Adults Keep Their Jobs for Years Longer - Green Entrepreneur

The number of people in the U.S. aged 65 and older is expected to reach 83.7 million by 2050, and many of them will need to continue working past traditional retirement age. Cannabis and the various cannabinoids it contains offer a plethora of profound benefits for keeping older Americans active and healthy.

Study: Pain Patients Use Fewer Opioids Following Initiation of Medical Cannabis - NORML

"Over the course of this 6-month retrospective study, patients using medical cannabis for intractable pain may have experienced a significant reduction in the average MME available for pain control. A non–statistically significant difference in average benzodiazepine dose was observed. The results of this study add to the currently mixed body of evidence suggesting that medical cannabis may be effective for treating pain."

Marijuana Study Finds CBD Can Cause Liver Damage - Forbes

Researchers at the University of Arkansas for Medical Science recently rolled up their sleeves to investigate CBD hepatotoxicity in mice. What they found was while this cannabis derivative is gaining significant recognition as of late in the world of wellness, people that use CBD are at an elevated risk for liver toxicity.

Oklahoma News

The current landscape of Oklahoma's medical marijuana laws and what's to come - Stillwater News Press

Currently, having an Oklahoma patient license allows you to possess three ounces of marijuana on your person, six mature marijuana plants, six seedling plants, one ounce of concentrated marijuana, 72 ounces of edible marijuana and eight ounces of marijuana at home. The cost of acquiring a patient license is $100, or $20 if on Medicaid. Oklahoma's possession limits are 6.5 times felony limit in Colorado.

Oklahoma state bill sets better regulations for medical marijuana industry - fourstates homepage

It authorizes cities to zone medical marijuana business and creates rules and regulations to follow. Before that, some cities started coming up with their own rules and regulations without state approval. That caused controversy and some marijuana businesses in the state actually sued some city governments. Now that legislation has been put in place, the City of Miami acted quickly.

Missouri News

Missouri cannabis clinic to offer free evaluations to veterans in July - The Growth Op

"We've witnessed firsthand in Ohio how many veterans use medical marijuana to alleviate PTSD symptoms, but unfortunately, the lack of insurance coverage has made access prohibitively expensive for some."

A doctor's OK is required for Missouri's medical marijuana program. Many won't write one - St. Louis Post-Dispatch

"I don't think doctors are hostile. But most doctors work for somebody other than their patients: a hospital, or a clinic or some type of corporation, and in many cases it's that corporation which is reluctant."

Medical marijuana conflicts with gun ownership - Ozarks First

"When it comes to gun ownership in conjunction with medicinal marijuana, that's kind of where the ATF has decided to put its foot down. They are regulating that very closely, and in fact the ATF has completely outlawed sales of guns to people who have medicinal marijuana permits or prescriptions."

Number of medical marijuana facilities coming to Missouri announced - KOMU

60 cultivation facilities, 192 dispensary facilities and 86 medical marijuana manufacturing facilities will be officially licensed in the state, the department said in a news release.

Arkansas News

Arkansas' third medical marijuana dispensary opens in Clinton - KATV

"I think a lot of people were waiting for something closer. I know a lot of people that have to have it and just can't make that drive. So it's going to make a big difference for a lot of people."

Regulators ask legal staff to investigate slow launch of medical marijuana storefronts - Talk Business & Politics

Although several dispensary owners have not publicly challenged the commission, some have stated that the state's two-year delay in adopting rules and launching the state's first legalized marijuana industry has created financial setbacks in raising startup cash to fund new construction projects or to expand existing locations.

Marijuana commission approves location and ownership changes for dispensaries - Arkansas Times

At Wednesday afternoon's meeting of the state Medical Marijuana Commission, commissioners approved changes in location for three dispensaries and changes of ownership for four dispensaries.

Rep. Hill hosts bankers meeting on Dodd-Frank, marijuana impact - Talk Business & Politics

Hill said he backs the Secure and Fair Enforcement — or SAFE — Banking Act that is possibly headed for a House vote in coming weeks. That bill, which has 206 co-sponsors, would shield banks from federal penalties for providing financial services to medical or adult-use marijuana businesses.

Group announces effort to recall Russellville mayor for anti-marijuana decision - Arkansas Times

Under Arkansas law, in order to win a special recall vote, it is necessary to collect signatures amounting to 36 percent of the total number of votes cast for all candidates for that office at the preceding general election. The group reports it intends to collect 2,900 signatures to be included on the November 2019 ballot.

Hemp Farming Takes Root in Northwest Arkansas - KUAF

Since a 1930s prohibition on hemp farming was lifted last year by the federal government, more than a 100 hemp cultivation licenses have been issued in Arkansas.

Bonus Section

The Christian Case for Marijuana - The New York Times

If we are concerned about justice and the mitigation of pain, we must get beyond the just-say-no mentality.

Getting Tested for THC? Here's What You Need to Know - weedmaps

You might have heard rumors that cannabis can stay in your system for days, weeks, or maybe even months, but the way THC travels and interacts with the body paints a slightly more complex picture.

Toilet Water Proves the Cannabis Black Market is Shrinking in Washington - Civilized

"Given that wastewater represents a total population measure, these findings suggest that many established users switched from the illegal to the legal market, this is the strongest statement possible regarding displacement of the illegal market."

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

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