Canopy Growth hires ex-Constellation exec David Klein as CEO

December 09, 2019
 

Canada’s largest cannabis company by revenue has appointed David Klein as its new CEO, effective Jan. 15, 2020. Klein currently serves as Canopy Growth’s board chair and chief financial officer (CFO) at Constellation Brands, which became the Smiths Falls, Ontario, company’s largest shareholder earlier this year. Klein will step down from his role at Constellation,

Canopy Growth hires ex-Constellation exec David Klein as CEO is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


[Read More ...]

george scorsis

How marijuana firms can adopt environmentally friendly practices and avoid the greenwashing trap

December 07, 2019
 

At a time society is crying out for businesses to show an environmental conscience, marijuana companies nationwide are searching for ways to do their part and keep their ecological footprints as small as possible.

How marijuana firms can adopt environmentally friendly practices and avoid the greenwashing trap is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


[Read More ...]

George Scorsis Liberty Health Sciences

Ravenquest's (CSE:RQB) New LED Lighting Causing Price Per Gram to Drop

December 06, 2019
 
Ravenquest
************************ Check out our website: https://midasletter.com ************************ SUBSCRIBE to our YouTube: http://bit.ly/MidasLetterYoutube SUBSCRIBE to our 2nd YouTube Channel - Midas Letter Clips: https://bit.ly/2rtQzgy SUBSCRIBE to our Newsletter: http://bit.ly/MidasLetterNewsletter Download Our Podcast on iTunes: http://bit.ly/MidasLetterPodcast ************************ Follow Us on Twitter: http://bit.ly/MidasLetterTwitter Like Us on Instagram: http://bit.ly/MidasLetterInsta Like Us on Facebook: http://bit.ly/MidasLetterFacebook ************************ #WeedStocks #MidasLetter

george scorsis

Brazilian court decision could encourage other cannabis companies to seek approval for cultivation

December 06, 2019
 

After Brazil’s health authority shelved a proposal on domestic cannabis cultivation this week, a court decided in the opposite direction, allowing – for the first time in Brazil – a company to grow hemp commercially. The court’s decision could spur other cannabis companies to appeal to the judicial system for permission to cultivate domestically. The

Brazilian court decision could encourage other cannabis companies to seek approval for cultivation is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


[Read More ...]

George Scorsis Liberty Health Sciences

Alberta weighs legal changes for marijuana vape market

December 06, 2019
 

Findings from Alberta, Canada’s smoking law review could lead to legislative or regulatory changes involving cannabis vaping – though the analysis is not specifically aimed at cannabis – the Treasury Board and Finance ministry told Marijuana Business Daily. The review, which started in October, is being conducted because Alberta’s current legislation does not address vaping

Alberta weighs legal changes for marijuana vape market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


[Read More ...]

George Scorsis Aphria

One of Canada’s oldest cannabis producers seeks creditor protection

December 06, 2019
 

Two federally regulated cannabis companies, including one of the earliest licensed producers in Canada, sought creditor protection this week. Wayland Group on Monday said it is seeking creditor protection to pursue restructuring and consider financing arrangements. Wayland subsidiary Maricann became the 19th licensed producer in Canada by receiving its federal approval in early 2014. NVS

One of Canada’s oldest cannabis producers seeks creditor protection is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


[Read More ...]

George Scorsis website

Your Hemp Webinar Questions Answered (Part 1)

December 06, 2019
 

hemp

Last month, Nathalie Bougenies and I put on a webinar on the US Department of Agriculture’s (“USDA”) new interim hemp rules. We got some great questions from our viewers but were unable to answer all of them in real-time. In this two-part series, Nathalie and I will respond to a number of those questions. This first part will focus on licensing and transportation questions. In tomorrow’s post, Nathalie will respond to questions relating to THC testing.

LICENSING

If a state, like Tennessee, operates under the 2014 Farm Bill, but the state applies for a USDA state plan and that is approved, does that then void the 2014 pilot rules and regulations for existing farms in Tennessee operating under 2014 Farm Bill?

Each state is handling the transition from the 2014 Farm Bill to the 2018 Farm Bill a little differently so if you are a hemp producer operating under a 2014 Farm Bill program, you’ll need to check with your state’s department of agriculture. Also, the 2018 Farm Bill extended the 2014 Farm Bill for one year after the USDA  published its interim rules on hemp (October 31, 2020) meaning that states who submit 2018 Farm Bill plans can continue to regulate under the 2014 Farm Bill. It’s also likely that most states will implement procedures to allow current licensed producers to transition to the 2018 Farm Bill.

Because this question addresses Tennessee specifically, the following passage from the Tennessee Department of Agriculture is helpful:

The U.S. Department of Agriculture (USDA) has released a draft of the rule outlining federal provisions for the domestic production of hemp. A preview of the rule is posted on USDA’s website, along with answers to frequently asked questions.

Leaders at the Tennessee Department of Agriculture (TDA) are reviewing this draft to determine potential impact on Tennessee’s hemp program.

No immediate changes are expected. Licensed hemp growers in Tennessee will continue to operate under current state regulations at this time.

As of Nov. 1, we have 3,800 producers licensed to grow as much as 51,000 acres of hemp statewide.

TDA looks forward to continue working with farmers and industry partners to support the production of hemp in Tennessee.

Since USDA has not regulated processing, is an entity that grows not allowed to process? Must a separate entity be formed?

Nothing in the 2018 Farm Bill or the USDA’s interim hemp rules explicitly allow or prohibit a hemp producer from processing hemp. The USDA doesn’t really touch on processing at all. Some states issue licenses to process hemp and may continue to do so under the 2018 Farm Bill. State law must be analyzed to determine what is required for processing.

TRANSPORTATION

Can you legally transport extracted Hemp CBD across state lines lab tested which shows less than 0.3% THC?

The 2018 Farm Bill prevents a state from interfering with the transport of hemp that was legally cultivated. Hemp is defined under federal law to encompass hemp derivatives, which includes Hemp-CBD. Strictly speaking, you can legally transport Hemp-CBD across state lines. However, states are free to prohibit the sale or distribution of Hemp-CBD within their borders.


[Read More ...]

George Scorsis

Week in Review: Michigan begins adult-use cannabis sales, Harborside appeals tax case, Brazil sets stage for big import market & more

December 06, 2019
 

Michigan launches its recreational marijuana industry, California-based Harborside appeals a closely watched federal tax case, Brazil lays the groundwork for what could become one of the world’s largest medical MJ import markets – and more of the week’s top cannabis news. MI adult-use sales begin with limited number of stores open Michigan’s first day of

Week in Review: Michigan begins adult-use cannabis sales, Harborside appeals tax case, Brazil sets stage for big import market & more is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


[Read More ...]

george scorsis

New Colorado law boon for cannabis capital, but concerns remain for minority businesses

December 05, 2019
 

Colorado Gov. Jared Polis was lauded in May when he signed into law legislation allowing outside money to be invested in the state’s cannabis industry. Since the law went into effect Nov. 1, outside capital has already begun flowing into Colorado marijuana businesses. For example: Denver-based Medicine Man Technologies through the year announced an almost

New Colorado law boon for cannabis capital, but concerns remain for minority businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


[Read More ...]

George Scorsis website

Contact