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Heartland Cannabis Business Update – September 20, 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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We've definitely left the slow news days of late summer, what a busy week! The FDA took a big step forward in cannabis research. The cannabis industry looks to enhance lab testing to address vaping-related illnesses. Oklahoma has more licensed cannabis cultivators than California? Here's our roundup of the week's stories impacting Missouri, Oklahoma and Arkansas that we think are worth your time.

Medical Marijuana and Recreational Cannabis Business Roundup

Business News

Vote Hemp Releases 2019 U.S. Hemp Grower License Report - Weed News

"Now that we have lifted federal prohibition on hemp farming, it's time build the infrastructure and expand hemp cultivation and the market for hemp products across the country so that all can reap the benefits of this versatile and sustainable crop."

What You Should Know About Regulations For CBD Product Labeling - Green Entrepreneur

While the FDA slowly and cautiously approaches making new regulations for CBD products, the gap between regulated products and anything goes grows wider, leaving consumers at risk of buying poor-quality products.

Will Craft Cannabis Be the New Craft Beer? - Greencamp

It is not controversial to say that craft beer has transformed the beer industry, taking market share from big players such as Molson as consumers' tastes have embraced smaller breweries.

Health News

Marijuana Labs Adding Tests Targeting Vitamin E Acetate In Response To Vaping Health Scare - Green Entrepreneur

In the wake of recent vaping-related illnesses and deaths, cannabis testing labs are targeting an additive that's been linked to the unfortunate events.

How Access to Cannabis Can Affect Mental Health Treatments - Leafly

"Cannabis is helpful for selective deterioration—disintegration of the traumatic memories by preserving the good memories—as opposed to using a benzodiazepine, where you eliminate all memory, good and bad."

Benefits of CBD for Athletes - Medical Marijuana Inc.

Whether training, competing, or recovering, professional and amateur athletes are using CBD oil products as part of their daily routine, using a number of different types of CBD products before, during, and after intense activity.

National News

Feds Award $3 Million In Grants To Study Marijuana Ingredients As Alternatives To Opioids - Marijuana Moment

A total of nine grants were issued, with NIH stating that the funds will help identify alternative treatment options for pain and provide information about the impact of consuming cannabis compounds such as CBD and other lesser-known cannabinoids as well as terpenes found in the plant.

Feds Fund CBD Research but Refuse to Consider THC Studies - Leafly

"There are so many beneficial effects that patients report. We need to know the science behind it." Aditi Das, University of Illinois researcher

McConnell puts pressure on FDA to expedite CBD rules - Hemp Industry Journal

Senate Majority Leader Mitch McConnell, a Republican from Kentucky, introduced new language that would require the U.S. Food and Drug Administration (FDA) to issue an "enforcement discretion policy and appropriate regulatory activities" on the sale of hemp-derived CBD products.

Civil rights groups want ‘holistic' marijuana reform before banking vote - Marijuana Business Daily

The groups are requesting a vote be put off until more comprehensive reforms addressing criminal and social justice issues are considered.

State News - Arkansas

Principal in Rx-pot dispensary sues partner, claims violations - Arkansas Democrat Gazette

The two Hot Springs-area residents opened Green Springs Medical in May, becoming one of the first of 32 licensees to legally sell marijuana in Arkansas. Through Thursday, the 309 Seneca St. location had sold 464.61 pounds of medical marijuana since opening May 12, according to sales figures released by the state Department of Finance and Administration.

Arkansas legislative committees advance anti-vaping study, but few there to vote - Talk Business & Politics

The committees heard from several witnesses who attested to the dangers of vaping products. Nine Arkansans may have been stricken by a vaping-associated pulmonary illness that is appearing in 36 states, said Dr. Nate Smith, Department of Health director.

Medical marijuana fraud nonexistent due to state regulations, per MMC spokesperson - KNWA

The state's verification system for medical marijuana sales doesn't allow for the instances of purchaser's fraud seen with alcohol, said Scott Hardin, the Medical Marijuana Commission spokesperson.

Arkansas Dispensary Sales - Memphis Flyer

The state's ninth dispensary, Acanza, opened for business in Fayetteville on Friday. The commission is working on a final inspection date for Harvest Cannabis Dispensary in Conway. Here's how much each dispensary has sold so far (in the order in which they were opened).

Violations found at 2 pot outlets - Northwest Arkansas Democrat Gazette

Settlement offers the state issued earlier this week listed numerous infractions. In addition to 47 counts of improper labeling and failure to maintain video surveillance systems, Green Springs was cited for failure to maintain biometric locks, failure to restrict access to areas where marijuana is stored and displaying banners outside the dispensary.

State News - Oklahoma

CannaCon Is Back September 27th and 28th - Ounce Magazine

Cannacon gives its attendees a hands-on look at new innovations in this growing industry. This conference boasts hundreds of exhibitors from industry leaders and innovators like Ario Vape, Boveda, DynaVap, FAST Laboratories, Fish Head Farms, Futurola, Oklahomans for Health, Ooze, Revelry Supply, Weedmaps, and more!

Medical marijuana businesses struggle with lack of banking options - KTUL

"A few banks that I have talked to their managers, their execs, they say, 'Heck, we're not taking it, and we're not doing it,'" said former Tulsa mayor Dewey Bartlett. "First, we're not taking that much cash because it's a pain and second, we don't want to get crossed with the federal government."

Which State Has the Most Licensed Cannabis Dispensaries? The Answer May Surprise You - Cannabiz Media

Oklahoma, the Panhandle State, took that mantle this spring when it surpassed California. The differences in numbers of licensed cannabis dispensaries in Oklahoma compared to California are astonishing, especially given the population differences.

State News - Missouri

UM curator seeks medical pot license in Boonville - Moberly Monitor-Index

David Steelman, a Rolla attorney, former state representative and current curator of the University of Missouri, said he applied to open a medical marijuana facility in Boonville because he doesn't want to see the industry bypass rural Missouri.

Multistate medical marijuana company eyes opening facility in Jefferson City - ABC17 News

"If you're going to have a single major cultivation facility and you want to distribute throughout the state, being located in central Missouri makes a lot of sense," said Dan Viets, a medical marijuana legal expert who helped write Amendment 2.

8th vaping-related death reported as illnesses top 500 nationwide - CBS News

The man who died in Missouri told his family he started vaping in May for chronic pain, but investigators have not yet determined if he was vaping THC, according to a spokeswoman at Mercy Hospital St. Louis.

Bonus Section

Cannabis Conversations with Executives: What Reactions Do You Get When You Say You Work in Cannabis? - Civilized

From getting laughed out of meetings, to becoming a confidant for closeted cannabis consumers, the variety of reactions, itself, is as interesting as saying you work in weed.

LGBTQ Women Consume More Cannabis Than Straight Women, Study Shows - Green Rush Daily

"We further extended these findings to estimate daily/near-daily prevalence, which was seven times higher among bisexual women than heterosexual women and 2.3 times as high for bisexual men compared to heterosexual men."

Thanks for reading the Heartland Cannabis Business Update. See you next week!

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