We've got some great news for cultivators to kick off our weekly cannabis business update! The USDA has opened up access for loans and crop insurance. The vaping-related health crisis is beginning to impact consumer preference. Binge drinking in legalized states plummets. What a week! As your medical marijuana lawyers for the Heartland, we've read all of the week's cannabis business news for Missouri, Oklahoma and Arkansas & selected the stories worth your time.
Starting in the 2020 growing year, cultivators licensed under federally approved production programs will have the same access to federal loans, crop insurance, disaster assistance and conservation programs that farmers of other commodities have under the U.S. Department of Agriculture (USDA’s) various agencies.
How do you appeal to new consumers who are interested in partaking of the plant for the first time? These entrepreneurs have built their businesses on answering this questions.
Both Canopy and Aurora have invested heavily in international markets, hoping to gain from these markets and offset losses in local markets. This is a great strategy for a long-term investment, but Aurora remains to be the more popular choice. Meanwhile, Aphria investors are getting wary of the company’s financials, which should further improve Aurora stock price on the breakout.
The suit, filed by Dhillon Law Group in the U.S. District Court for the Northern District of California on behalf of Siddharth Breja, Juul's former senior vice president of global finance, alleges Juul ignored his protests to issue a product recall for the contaminated pods, "or at a minimum, issue a public health and safety notice to consumers."
Sales of marijuana edibles up in at least four states in wake of vape health scare - Marijuana Business Daily
In Colorado, vape products accounted for 19.4% of marijuana sales on Aug. 23 but had dropped to 12.4% of sales by the week of Sept. 23. By Oct. 6, vape sales had climbed back to 13.9%.
A New Frontier Data study in April found that 65 percent of survey respondents said they prefer cannabis to alcohol if given a choice, 45 percent indicated they would likely replace some of their drinking with cannabis in the future, and 47 percent said their drinking habits had not changed.
"CBD is brimming with potential to be a billion dollar industry across New York State, bringing along countless jobs and truly meaningful economic development with it," Schumer said in a press release. "But before that can happen, farmers, growers, producers, consumers and vendors need to know exactly what the rules of the road are and right now they've got no idea."
Senate Approves Bill Protecting Medical Marijuana States From Federal Intervention - Marijuana Moment
The medical cannabis provision in question prohibits the Department of Justice from using its resources to prosecute individuals acting in compliance with state laws. The rider has been in place and renewed each year since 2014.
The Special Committee on Federal and State Affairs recommended that Kansas lawmakers consider allowing residents from other states where medical marijuana is legal to use the product in Kansas if they have permission from their home states. However, Kansas residents would not be allowed to use medical marijuana obtained in other states.
Missouri Cannabis Business
A medical marijuana trade group wants Missouri health officials to issue strict vaping regulations as the number of people in the United States suffering from vape-related lung illnesses continues to rise.
'Freaked out' patient at center of Rolla medical marijuana flap describes police run-ins - Springfield News Leader
Missouri sends marijuana cards to approved patients electronically, and patients can then print them out. Weible said she had a screenshot of the card on her mobile phone, but amid the stress of interacting with law enforcement, she said she was not able to locate the digital image or the physical card until after officers left her home.
"Before you wind up in jail you better read the statutes. Instead of trying to show a deputy what the statutes are you better know them yourself," said Arnott [Greene County Sheriff Jim Arnott].
Oklahoma Cannabis Business
The 7 percent tax has brought in hundreds of thousands of dollars already, which goes to various parts of the Department of Health. While the first portions go toward keeping the office open, 25 percent goes toward drug and alcohol programs in the state and 75 percent going toward the general fund, according to the Oklahoma Tax Commission.
According to a search warrant, an undercover police officer went into Herb-N-Legends dispensary, located near Northwest 26th Street and North MacArthur Boulevard, three times. Each time, he was able to buy medical marijuana without a card.
Arkansas Cannabis Business
Central Arkansas medical marijuana certifier announces plans to expand statewide - Talk Business & Politics
Since AR Cannabis began operations in February, there were just over 7,000 Arkansans with medical marijuana ID cards. That number has jumped nearly 275% to 26,197 as of Oct. 25, state Health Department data shows. Nguyen [AR Cannabis Clinic owner Dr. David Nguyen] said he believes once there is a dispensary in every quadrant of the state, the number of patients with medical marijuana ID cards will increase dramatically.
"In our practice here, we want people to come out of the shadows. We want people to feel good about coming in and seeking alternative treatment," Nguyen said. "We want people to feel safe and feel good about coming in and discussing it without any shame, without any judgment being put on them."
Green Springs began operating in May, becoming one of the first of 32 dispensaries licensed statewide to open. Simpson, listed as the minority owner and security manager/vice chairman on the dispensary application, sued Vicentic, whom the application listed as a majority owner and CEO/chairman of the board, last month, claiming he has been deprived of profits and influence due to him as a corporate officer of the company.
Dr. Khary Rigg, a medical sociologist and assistant professor at the University of South Florida, also praised the DPA’s curriculum by email, calling it "unique in that it meaningfully focuses on youth who have already initiated substance use, as well as discouraging kids from starting to use in the first place."
According to the journal Substance Use & Misuse, "Cannabis vapers were motivated to vape cannabis because it tastes better, is healthier, and is easier to conceal/hide, does not smell as strong, is more convenient."