Newly empowered Democrats in Congress plan to push for banking access legislation in 2019. (Politico)
"There’s no question: Cannabis prohibition will end," Rep. Earl Blumenauer (D-Ore.) takes it further. "Democrats should lead the way. If we fail to act swiftly, I fear as the 2020 election approaches, Donald Trump will claim credit for our work in an effort to shore up support — especially from young voters."
Following last month's vote, Michigan is poised to be a major REC market, though it won't be available commercially until at least the end of 2019.
Colorado REC laws are set to sunset in 2019, which could lead to laws favoring greater access. (FOX--local)
Following a months-long impasse, lawmakers said they've reached a deal on the farm bill which would legalize industrial hemp. (Washington Post)
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Alex Halperin and the WeedWeek team
65. A Very Canadian Pot Scandal with Jesse Staniforth
Jesse Staniforth, Editor of WeedWeek Canada, updates Alex and Donnell on breaking Canadian stories. There is no lack of scandal: Cannabis giant Canopy Growth fired founder and CEO Bruce Linton and CannTrust, a major licensed producer, is estimated to lose C$350 Million for ignoring the law. New regulations limiting THC in edibles exacerbate the over-packaging crisis. The country continues to battle the illicit market which is now also available online and is known by the cool name "MOMS" (mail order marijuana sites). Plus, Alex and Donnell discuss Jay-Z's partnership with Caliva.
The U.S. Patent and Trademark Office is issuing more marijuana related patents. (Reuters)
Researchers located the cannabis genes responsible for producing THC and CBD in expanses of "junk DNA" (Toronto Star)
A University of lessHawaii study found cannabis can help patients recovering from heart attacks. (Honolulu Star-Advertiser)
"Anecdotally, people who have heart attacks recover more quickly if they’re marijuana users,” a researcher said. “On the flip side, they have more severe heart attacks to start with.”
MJBiz has a deep dive on California's equity plans which have run up against a variety of challenges including a lack of money, and tough competition.
"We’re going to get $3 million, (which) for the amount of people that we have and the size of the (marijuana) market that (L.A.) is projected to be is nothing" Fanny Guzman, co-founder of Latinos for Cannabis.
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