Louisiana May Have Medical Cannabis Available by Summer 2019

In September 2017, research and biotechnical development company GB Sciences announced its partnership with the Louisiana State University Agriculture Center to produce medical cannabis. Last week, LSU’s Vice President of Agriculture Dr. Richardson said the university and GB Sciences were on track to submitting their final suitability study to state police by Jan. 21. If the crop clears all of its requirements for quality and safety, medical cannabis products could be available in Louisiana dispensaries this summer.

Louisiana’s First Crop of Medical Cannabis is Ready for Final Inspection

The state of Louisiana’s regulated medical cannabis program dates back to 2015. But due to a bevy of legislative setbacks, legal challenges, and other delays, real on-the-ground progress only began last year. In April, the Pharmacy Board awarded operating licenses to the nine dispensaries the state currently allows—one for each of nine “healthcare districts” across the state. In August, GB Sciences planted its first crop. The crop is a small one, however, planted in a self-contained “pod” at the Louisiana State University AgCenter.

On Jan. 16, GB Sciences harvested that first “pod crop.” On Monday, they submit samples of it for final approval with Louisiana State Police. Before GB submits its final suitability study

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Gov’t Shutdown Holds Up Hemp Farmers, Keeps Non-Violent Drug Offenders in Jail

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Bipartisan Bill to Legalize Marijuana Deliveries Filed in Washington State

Legislation that would legalize the delivery of marijuana to those 21 and older has been filed in Washington’s House of Representatives.

House Bill 1358 was filed by State Representative Steve Kirby (D) and is cosponsored by Representatives Brandon Vick (R) and Brian Blake (D). Filed today, the measure has been referred to the House Commerce and Gaming Committee.

Specifically, the measure would add a new section to chapter 69.50 of the RCW stating that “A marijuana delivery endorsement to a marijuana retailer license is established to permit a qualifying marijuana retailer to deliver marijuana for personal use to any individual twenty-one years of age or older.”

The Washington state liquor and cannabis board would be authorized to “establish the fee for the marijuana delivery endorsement””, and a marijuana retailer holding a delivery endorsement “may charge a fee to the customer for any delivery made
in accordance with this section.”

The full text of House Bill 1358 click here.

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High Times to Acquire Spannabis, Europe’s Largest Cannabis Event

Today, Hightimes Holding Corp., the parent company of High Times, announced its plan to acquire the assets and business of Feria Del Canamo, S.L., doing business as Spannabis—the European Union’s largest Cannabis industry event. Billed as part trade show and part research conference, Spannabis has plans to return to Barcelona for its 16th edition of the celebration this March. The festival, which also includes its own award ceremony crowning the best cannabis and cannabis-related products in the region, attracts tens of thousands of consumers annually from across the globe.

“Spannabis is one of the most prolific events in the cannabis ecosystem and one of the most well-known annual festivals within the EU,” says Adam Levin, High Times’ CEO. “This acquisition will provide an additional international platform for our customers looking for additional international exposure opportunities.”

The deal terms, which included $3 million cash due at closing, $4 million in Hightimes common stock, and two milestone payments for the show in 2020 and 2021.

The latest acquisition will expand on High Times’ impressive event production business, which includes entertainment festivals such as the Cannabis Cup, Reggae On the River and industry events like the High Times Business Expo, along with the recent proposed addition of the bi-annual BIG Show. This marks the second foray into Europe for the predominantly US driven brand and is a sign of the markets eventual globalization.

“We believe that High Times is the most recognizable brand in Cannabis across the world,” Levin says. “You can see our logo proudly displayed from New York to Singapore and we look forward to creating more access and experiences for consumers no matter where they live.”

“This deal is a game-changer for Spannabis,” says Carlos Palomino, the CEO of Spannabis. “We’ve idolized High Times for decades, so to be adopted by this

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Cannabis Stocks Break Their Three-Week Winning Streak, Despite Positive Pot News in U.S.

Last week brought some good news for U.S. cannabis policy and a major milestone with a Canadian producer moving into the American hemp market.

Pot stocks have broken their three-week winning streak, a somewhat ironic shift in sentiment given that last week was full of positives on the U.S. cannabis policy front.

In separate addresses, the governors of New York and New Jersey each said they’ll make legalization of recreational cannabis a priority for 2019, potentially opening up a new market with a combined population of close to 30 million. Perhaps more importantly for the future of the industry, U.S. Attorney General nominee William Barr said he’ll respect state marijuana laws even though he personally disapproves of legalization. He also urged Congress to make a country-wide decision on the drug’s legality.

– Read the entire article at Financial Post.

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