Newsletter
Trump talks cannabis & Florida legalization vote (Newsletter: August 9, 2024)
Anti-drug orgs push hemp product ban; CO marijuana & guns measure doesn’t make ballot; DE license apps; Study: Cannabis & better heart attack outcomes
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/ TOP THINGS TO KNOW
Former President Donald Trump said he is starting to “agree a lot more” that people should not be criminalized over marijuana given that it’s “being legalized all over the country”—adding that he’ll reveal how he’s voting on Florida’s cannabis legalization ballot measure “fairly soon.”
A coalition of anti-drug, police and health groups sent a letter calling on Congress to impose a general ban on hemp-derived cannabinoids such as delta-8 THC—a change that some hemp industry advocates say could also impact many non-intoxicating CBD products.
A Colorado initiative to let marijuana consumers obtain concealed carry handgun permits will not appear on the November ballot after Second Amendment activists failed to collect enough valid signatures.
The Delaware Office of the Marijuana Commissioner announced it will begin accepting recreational cannabis business license applications on August 19, almost two weeks earlier than initially expected.
A new study found that among people admitted to the hospital after suffering a heart attack, marijuana use is tied to lower risk of cardiac arrest, acute ischaemic stroke and in-hospital mortality—a result that researchers call a “cannabis paradox.”
Massachusetts officials’ crackdown on intoxicating hemp foods and beverages is being inconsistently applied, critics say—with more success at liquor stores and restaurants but spottier enforcement at outlets that are regulated by local boards of health.
/ FEDERAL
White House Deputy National Security Advisor Jon Finer said officials are continuing to “work toward the release of” American citizen Marc Fogel, who is jailed in Russia for possessing medical cannabis he used as an opioid alternative.
Sen. Bob Menendez (D-NJ) discussed his support for marijuana rescheduling and cannabis banking legislation.
/ STATES
Connecticut Gov. Ned Lamont (D) appointed a new executive director of the cannabis Social Equity Council.
A spokesperson for New Mexico Gov. Michelle Lujan Grisham (D) said she is “still awaiting answers” about ongoing federal seizures of state-legal marijuana products.
A Florida senator discussed his support for the marijuana legalization initiative on the November ballot.
Wisconsin Assembly candidates discussed their views on marijuana policy.
A recent Arizona Supreme Court ruling clears the way for people to have their marijuana convictions tossed out.
Missouri regulators placed administrative holds on additional marijuana products.
Washington State regulators filed rules for products containing THC.
Alaska regulators filed changes to rules on overlapping marijuana establishment premises.
The Indiana State Police is warning people not to bring marijuana into the state that was purchased in neighboring legal markets.
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/ LOCAL
Dallas, Texas’s police chief opposes the marijuana decriminalization on the local November ballot.
The Dover, Delaware City Council’s Legislative, Finance and Administration Committee held a hearing on marijuana business rules.
/ SCIENCE & HEALTH
A review concluded that “medical cannabis may be considered an alternative therapy for [fibromyalgia] patients who do not respond to conventional pharmacological therapy.”
A study found “lower levels of death anxiety, avoidant behavior and explicit and implicit fear-of-death, as well as greater acceptance of death, for ayahuasca veterans.”
/ ADVOCACY, OPINION & ANALYSIS
The National Fire Protection Association is accepting comments on a proposed standard for fire safety for cannabis growers and processors.
/ BUSINESS
Cresco Labs Inc. reported quarterly net revenue of $184.4 million and a net loss of $51.2 million.
The Cannabist Company Holdings Inc. reported quarterly revenue of $125.2 million and a net loss of $13.6 million.
TerrAscend Corp. reported quarterly net revenue of $77.5 million and a net loss of $6.2 million.
WM Technology, Inc. reported quarterly net revenue of $45.9 million.
Cronos Group Inc. reported quarterly consolidated net revenue of $27.8 million and a net loss of $8.8 million.
Charlotte’s Web Holdings, Inc. reported quarterly revenue of $12.3 million and a net loss of $11 million.
Versant Power is proposing to let electric utilities report suspicions about illegal marijuana growing operations to law enforcement.
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Photo courtesy of Chris Wallis // Side Pocket Images.
