Newsletter
Record-breaking cannabis sales in several states (Newsletter: August 17, 2021)
WA gov’s drug clemency move; OH legalization measure revised; WI senator thanks Schumer for marijuana advocacy; Cannabis allowed at NY State Fair
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/ TOP THINGS TO KNOW
Ohio activists submitted revised ballot language for the proposed marijuana legalization measure they want to place on the 2022 ballot after the state attorney general deemed the initial draft summary to be misleading.
Washington State Gov. Jay Inslee (D) announced a new clemency process he will use to commute drug possession sentences for hundreds of people on an expedited basis.
At least four states saw record-breaking marijuana sales last month.
A Wisconsin senator who recently traveled across the border to an Illinois dispensary to announce a new marijuana legalization bill wrote a letter thanking U.S. Senate Majority Leader Chuck Schumer (D-NY) for his federal cannabis reform efforts.
The New York State Fair taking place this month will allow people to smoke cannabis anywhere tobacco can be smoked.
- “We encourage those who smoke to be considerate of others around them,” a spokesman told Marijuana Moment.
/ FEDERAL
Sen. Cory Booker (D-NJ) tweeted, “It’s long past time we fix our savagely broken criminal justice system and focus on restorative justice. This means we need to ban private prisons. We need to legalize marijuana and expunge records. We need to end the failed War on Drugs.”
Sen. John Cornyn (R-TX) told a constituent that he thinks there needs to be more research done before federal marijuana laws change.
Rep. Troy Balderson (R-OH) wrote in a constituent letter that he supports federally legalizing medical cannabis and leaving marijuana policy more broadly up to the states.
/ STATES
Pennsylvania’s attorney general tweeted, “It’s time for Pennsylvania to legalize marijuana. But legalization is not justice. We must also right the wrongs of the past and expunge the records of those with non-violent marijuana convictions.”
Texas Democratic attorney general candidate Lee Merritt tweeted, “It’s time to decriminalize marijuana in Texas.”
Maryland Democratic comptroller candidates support legalizing marijuana.
Commonwealth of the Mariana Islands regulators approved the territory’s first marijuana consumption lounge.
New Jersey regulators are expected to approve interim marijuana rules on Thursday.
Minnesota regulators released updated data about participation in the medical cannabis program.
Wisconsin regulators published information about the state’s hemp program.
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/ LOCAL
Raleigh, North Carolina’s police chief dodged a question about encouraging citations for marijuana instead of arrests.
The San Bernardino County, California sheriff sent a letter asking lawmakers to increase penalties for illegal marijuana cultivation.
The Rapid City, South Dakota City Council is considering a plan to allow 15 medical cannabis dispensary licenses.
The Maricopa County, Arizona clerk is publicizing an upcoming event to help people expunge marijuana records.
/ INTERNATIONAL
Costa Rican lawmakers are expected to take up a medical cannabis and hemp bill on Tuesday.
The Philippine Department of Justice completed its review of “drug war” operations that resulted in deaths.
/ SCIENCE & HEALTH
A review found that “CBD is considered an attractive therapeutic agent for neuroimmune disorders, and a body of literature indicates that CBD can regulate redox function at multiple levels, with a range of downstream effects on cells and tissues.”
/ ADVOCACY, OPINION & ANALYSIS
A poll found that 65 percent of Argentine adults support legalizing marijuana.
Former federal medical cannabis prisoner Eddy Lepp passed away.
Colorado medical cannabis advocates held a mock funeral outside of Gov. Jared Polis’s (D) office to protest a new law placing restrictions on patient access and concentrate sales.
/ BUSINESS
PharmaCann reportedly filed for an initial public offering.
Ayr Wellness Inc. reported quarterly revenue of $91.3 million and a loss from operations of $24.9 million.
The Parent Company reported quarterly net sales of $54.2 million and an adjusted EBITDA loss of $10.4 million. It also hired a new CEO.
Schwazze reported $30.7 million in quarterly revenue.
4Front Ventures Corp. reported quarterly revenue of $27.1 million and a net loss of $6.2 million.
Auxly Cannabis Group Inc. reported quarterly revenue of C$20.9 million and an adjusted EBITDA loss of C$3.3 million.
MediPharm Labs Corp. reported quarterly revenue of C$5.1 million and an adjusted EBITDA loss of C$3.7million.
The Scotts Miracle-Gro Company acquired Rhizoflora’s nutrients business and announced that its subsidiary The Hawthorne Collective purchased a warrant to buy equity in Dewey Scientific.
Village Farms International, Inc. acquired Balanced Health Botanicals.
Ayr Wellness Inc. plans to acquire Cultivauna LLC.
TILT Holdings Inc. received approval to trade on the NEO Exchange.
Metrc hired a new chief technology officer and chief product officer.
/ CULTURE
Former boxer Buster Douglas endorsed a line of products from CBD Health Collection.
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