North Carolina Marijuana News

Resolutions on cannabis, election financing, transit, mental health and addiction were endorsed at the Union of B.C. Municipalities convention.

Municipal governments are once again appealing to the B.C. government for a share of the cannabis excise tax revenue to help deal with the extra costs and responsibilities they’ve taken on since marijuana legalization.

It’s the fifth year in a row that delegates at the Union of B.C. Municipalities (UBCM) convention have voted on a resolution about receiving some of the federal tax that is applied to medical and non-medical cannabis.

– Read the entire article at Vancouver Sun.

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A new healthcare technology company, Cannalogue, is launching a petition in their native land of Canada to get the Ministries of Health on board with providing national healthcare coverage for medical cannabis. 

The petition, entitled United for Access, was started because of the financial burden the COVID-19 pandemic has had on many Canadians, especially those who are already marginalized or disadvantaged, according to a press release the company sent out. Cannalogue believes Canadian citizens should have access to cannabis health care as well as general healthcare. 

“More than 50 percent of Canadians are not able to afford treatment with medical cannabis including CBD for conditions such as chronic pain,” their website states. “Due to COVID-19, Cannalogue anticipates these figures will worsen given the economic challenges facing Canadians. The doctors at Cannalogue believe this will cause a spike in opioid prescriptions, resulting in more opioid related addictions and deaths. When safer medications like medical cannabis and CBD are available, all Canadians should have fair and equal access as part of universal healthcare. Sign the United Program for National Medical Cannabis Coverage petition today and join us as we fight to remove the barriers that prevent access to safer medicines for Canadians.”

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The U.S. cannabis industry attracts all kinds of entrepreneurs and investors. That has been true since Colorado and Washington legalized cannabis for adults 21 and up back in 2012, and since other states began creating comprehensive licensing regimes. The ever-emerging nature of the industry and its state-by-state quilt of regulations creates all kinds of business development and investment opportunities that most cannabis businesses hope culminate in either a very nice exit once our federal government (hopefully) legalizes/deschedules cannabis altogether, or that results in the ability to really compete long-term as interstate commerce opens up and serious, large-scale competition moves into the space when federal prohibition falls.

Foreign investors are not immune to the charms and allure of cannabis. And where only 11 states have legalized cannabis for adult use–some with extremely competitive licensing regimes– the appeal of cannabis increases exponentially for investors still looking to be early movers in the space. Additionally, there’s been a pivot in the investor scene of late where a lot of the fast, reckless money has left the space after significant bouts of mismanagement at larger cannabis companies and with some multi-state operators (generating certain vulture investment opportunities), so investors are really getting wise to

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The owner of an Oregon cannabis shop destroyed by the wildfires ravaging the West Coast is vowing to rebuild, despite being ineligible for the aid provided to most businesses. Thorin Thacker, the co-owner of Canyon Cannabis in Gates, Oregon, was told that it took only 15 minutes for the store to burn to the ground, according to a report in local media.

Thacker, who once served as the mayor of nearby Mill City, said that he and his business partner had created a laid-back, vintage atmosphere for the shop in the forest south of Portland.

“This place was full of color,” he said. “And there was always an album playing. The only way we got to listen to music was on vinyl. A buddy of mine’s wife says, ‘Oh, so you sell grass out of your record store because it felt like a dispensary you might find in the ‘70s.’”

But after fire swept through both Gates and Mill City nearly three weeks ago, Canyon Cannabis is a total loss, the building burnt to the point of collapsing in on itself. Residents and business owners in the two towns were not able to return to the area to see the

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Queen of all things home décor, sometimes notorious felon, and friend to Snoop Dogg, Martha Stewart is finally joining the cannabis industry … well, sort of. She just launched her very own line of CBD products. Stewart claims CBD is a part of her wellness routine, and the next logical step was starting her own brand. 

Launching last Thursday, her product line offers gummies, gels, and oils, and will be under the umbrella of Canopy Growth, a company based in Canada. The CBD products will be available via Canopy’s site, and sit in the $30 and $40 price range. 

“I was surprised to learn that while most people have heard of CBD, less than 20 percent of us have actually tried it,” Stewart said in a statement emailed to CNN Business regarding her new product line and its implications. “For me, that signals a lot of opportunity to create beautiful, elevated products that help people live well.”

Stewart’s line features gummies that look like French fruit candies, also known as pâte de fruits, and she claims that the fruity inspiration behind the gummies was based on her two favorite spots, her garden and her kitchen, and feature natural flavors including lemon,

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Illinois has been making major headlines in the cannabis sector, as some groups cry out that the plans for granting new business licenses are not inclusive enough of minorities, and that the lottery system for choosing new businesses license holders is unfair. 

Now, after analyzing the current systems that are in place, the state has announced they will be taking even more steps to insure equity.

The new proposed steps, approved by Governor JB Pritzker and the Illinois Department of Financial and Professional Regulation, will make sure that applicants who were initially left out will receive extra deficiency notice and a score sheet to explain exactly why they got low scores when they applied for licenses. They can then reach out with a response amending their application and asking for a rescore if they believe there was some kind of error. They will also be able to submit extra information to clarify anything that was unclear, or keep their initial score. 

All these responses will then be reviewed again, and it will be determined whether or not any new licenses will be granted via a new lottery for conditional licenses. There will be detailed instructions that let applicants know about

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Presented by CBDStudy, a CBD research publication. CBDStudy may earn a commission from purchases made from the links in the article. However, all reviews are based on transparency and reviews are not influenced by monetization.

If you are the kind of person who enjoys shopping at flea markets and vintage stores for the sheer variety of unique and unexpected items, you’re going to love CBD American Shaman. This company carries a mind-blowing array of products, from the standard CBD tinctures, capsules and gummies to unique items like CBD honey sticks, coffee and Rice Krispie treats. Anything you can imagine wanting to find as a CBD product will probably show up on the CBD American Shaman website, or at one of their more than 130 brick-and-mortar locations.

However, if you want a consistent, dependable product you can count on to be labeled accurately every time, you may wish to shop elsewhere. CBD American Shaman seems to be hit or miss with quality (much like the wellness booth at your local Saturday-afternoon swap meet). The labeling and product descriptions are inconsistent, customer service will take all your personal contact information and then never get back to you, and the CBD is mostly overpriced

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Towards the end of 2019, it seemed that cannabis investments had all but dried up. Today, our cannabis lawyers are seeing a huge uptick in investment transactions of all kinds in cannabis and hemp businesses. With investments on the rise again, we plan to do more posts on various legal aspects of cannabis investments. At the outset, it’s best to understand some fundamentals, and the best place to start is looking at the question of debt vs. equity.

It is extremely common for cannabis businesses (and especially startups) to raise capital through issuing equity (i.e., stocks in a corporation or membership interest in a limited liability company, or “LLC”). Typically, startups seek to offer a significant chunk of equity in exchange for a large monetary investment that can be used to cover initial operating or startup costs (think of things like costly tenant improvements that virtually all cannabis licensees are required to make in order to get a permit and start operating). Generally, these equity offerings are of a not insignificant amount, and we’ve seen a lot of businesses offer close to half of the equity in the business to an investor. This makes sense from a common-sense point

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New Brunswick Premier Blaine Higgs says an update on the future of Cannabis NB will be coming soon.

“An update on the Cannabis NB RFP process will be available after the new government is sworn in,” Higgs said in a statement on Tuesday.

Higgs likely means a decision will come by the time his new cabinet is sworn-in. The results of the election earlier this month, in which Higgs and the PCs earned a majority government, mean Higgs’ government was never technically out of power.

– Read the entire article at Global News.

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It can reduce anxiety, promote healing, and relax the body and mind. Here are some other ways athletes use cannabis to enhance performance.

Anna Symonds, Education and Partnership Manager for East Fork Cultivars, has been a rugby player for 18 years and attributes a lot of her longevity as a professional athlete to cannabis.

While she experimented with cannabis as a teenager, she discontinued this practice when she got more serious about sports. After she smoked with some teammates after a game, she experienced immediate healing and muscle relaxation. “I started to have this mental shift of seeing cannabis as medicine.” About five years ago after she got a back injury, cannabis proved to be the only thing that would provide her with pain relief and muscle relaxation, while increasing her functionality without the side effects from other medications.

– Read the entire article at The Fresh Toast.

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