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Nug News – Weekly Cannabis News Update November 15, 2020

Cannabis News Update November 15, 2020

Weekly Cannabis News Update November 15, 2020

Cannabis News Update November 15, 2020

Former NBA Player Larry Hughes to Open Two Medical Marijuana Dispensaries in St. Louis

Larry Hughes, a St. Louis native is teaming up with fellow NBA player Al Harrington to bring two medical marijuana dispensaries and a cultivation and processing center to St. Louis.  The Viola Brands, named after Harrington’s grandmother who has found relief in cannabis for her medical conditions including glaucoma and diabetes will be called VMO and one of the two locations will be a drive-thru dispensary, although both will adhere to Covid social distancing guidelines when they open in April of 2021.  Larry Hughes has spent much of his free time off the court devoting himself to causes that better his local community and is especially concerned with those that have mental health issues, including PTSD, which cannabis has been shown to be especially helpful in treating. St. Louis Alderwoman Cara Spencer gave her congratulations to Hughes and Harrington on their important business partnership and stressed that these two dispensaries as well as the cultivation and processing center marked the first black-owned cannabis businesses in Missouri. In 2018 Missouri became the 33rd US state to legalize medical cannabis.  The legislation passed easily with 66% voting for the Amendment to 34% voting against.  You can read more here.

Cannabis News Update November 15, 2020

UK Doctors Need Cannabis Education

Despite the change in the status of cannabis in the UK in 2018 from a Schedule I drug, which means it is seen as having no medical value to a Schedule II drug, allowing for specialist doctors to prescribe cannabis to their patients, only two people have actually been prescribed cannabis since 2018.  The reasons for that are somewhat complex however one of the main reasons is the lack of education medical professionals in the UK have received regarding the benefits and methods of using cannabis to treat a vast number of medical conditions.  Despite the fact that over 80,000 doctors in the UK are allowed to prescribe cannabis, none are doing so in part due to lack of education and confidence in the efficacy of cannabis in the treatment of patients.  The lack of training is at least partly due to the policies of the National Health Service (NHS) which has made it clear they prefer to rely solely on studies conducted within the UK.  The problem is there are very few studies regarding cannabis taking place in the UK.  One promising study, Project Twenty21, plans to provide cannabis to approximately 20,000 patients by 2021 which will hopefully open the door for UK doctors to have access to additional information regarding the benefits of medical cannabis for their patients.  Check out more here.

 

Cannabis News Update November 15, 2020

Cannabis Officials from 19 US States to Work Together

This group of cannabis officials have decided to move forward with plans to create a 19 state non-partisan coalition to provide and share expertise when it comes to all things cannabis and hemp related.  The initial members include regulators from Colorado, Delaware, Hawaii, Illinois, Iowa, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Dakota, Oregon, Rhode Island, Utah and Washington State.  Norman Birenbaum, who is currently the director of Cannabis programs for New York state after serving as the top cannabis industry regulator in Rhode Island will be the first president of the newly formed association.  The group has quite a few goals including establishing best practice standards within the industry, creating more of an open exchange of information, including cannabis and hemp research, between states as well as with appropriate federal agencies. The group has made it clear they will not be taking an official position regarding the legalization of cannabis, rather they will facilitate communication and information exchange regarding all things cannabis.  Read more on this Topic here.

Be sure to check out: MORE Act Vote Date Set for December

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Nug News – Weekly Cannabis Update October 25, 2020

Cannabis News Update October 25

Weekly Cannabis News Update October 25, 2020

Jay-Z is Putting the Finishing Touches on a Very Specialized Cannabis Line 

Jay-Z has been working with the California based cannabis company Caliva since last year as the brand’s chief brand strategist.  Jay-Z surely had a lot of useful insights to offer as he knows branding better than almost anyone.  In addition to that role, Jay-Z announced that he has been working hard on his own cannabis line called Monogram.  Jay-Z wants to make sure that each customer feels special and has gone to great lengths to make that happen.  Monogram wants to redefine what cannabis means to consumers and take it to a much more personalized level than ever before.  Each cannabis strain will be carefully selected and the cultivation process as well as the quality of the bud will be the best quality out there. According to the company’s website each individual cannabis plant will be given personalized attention.  Jay-Z’s announcement regarding Monogram was done in a big way with the launch of the website and Instagram account complete with a playlist on his streaming platform Tidal called Monogram: Sounds from the Grow Room featuring many artists including Bob Marley and Amy Winehouse.  Jay-Z also intends to use his considerable resources and celebrity to continue his work in social justice causes including working to ensure those who have been previously convicted of cannabis related crimes receive justice. More information can be found here.

Weekly Cannabis News Update October 25, 2020

Kansas City Area Dispensary Sold Out of Cannabis in Less than Two Days and Other Missouri Growing Pains   

The Fresh Green, a medical marijuana dispensary that opened in Lee’s Summit near Kansas City Missouri was completely sold out of cannabis in less than two days. The shop sold medical marijuana to approximately 500 patients before running out according to Bianca Sullivan who owns the cannabis dispensary with her husband.  She observed that the lines were consistent since before their doors opened for business and that the average wait time was between 90 minutes and two hours.  Ms. Sullivan also noticed something else that really surprised her, the average age of their customers was 51 years old with 18 patients being over the age of 70 and only 8 patients between 18 and 21 years old.  The dispensary is waiting for a fresh supply of cannabis from their grower in the St. Louis area within the next week so for now people in the Kansas City area will need to be patient.  Other issues that have come up as Missouri works to ensure that all medical marijuana patients have access to their medicine are high prices and some questionable product quality.  With so few dispensaries open and with a limited supply of cannabis on hand, prices are high, about $60 for an eighth of an ounce which is far higher than other states but that will change as more dispensaries open and more cannabis becomes available.  The other troubling issue came from a patient in the St. Louis area who complained they were sold moldy marijuana.  That complaint is being investigated and the findings will be announced as soon as possible.  Check out additional details here.

Weekly Cannabis News Update October 25, 2020

Cannabliss Employees Become First in Washington DC to Unionize 

Workers at Cannabliss voted unanimously to ratify a collective bargaining agreement with United Food and Commercial Workers International (UFCW) Local 400.  This 5 year pact covers 13 employees in the only 100 % Black owned and operated dispensary in the DC area. The contract offers Cannabliss employees higher pay, paid time off, paid holidays, a retirement plan, additional accredited training and health care insurance.  Additionally the contract offers time off to vote, pay increases every six months as well as annual cost of living increases and protection from unjust discipline or termination.  A step in the right direction for cannabis industry workers and according to UFCW, just the beginning of a trend in the industry.  UFCW currently represents over 10, 000 cannabis industry employees nationwide and that number is growing every day.  As the cannabis industry is relatively new and expanding quickly it is important to set high standards for compensation and comprehensive benefits.  Read more here.