Webcast: Live Q&A on USDA’s new hemp rules
The new national hemp rules from the U.S. Department of Agriculture (USDA) could bring big changes for your hemp business. Hemp Industry Daily Editor Kristen Nichols sits down Tuesday to field questions in a live webcast about the upcoming changes to the USDA hemp rules on a variety of topics, including THC testing procedures and destroying “hot hemp.” You can register here to listen in to the webcast.
New Jersey voters to decide next year on legalizing adult-use marijuana
Multistate cannabis firm Acreage Holdings buying New Jersey nonprofit
Acreage Holdings, a New York-based multistate operator, on Monday said it plans to buy the nonprofit Compassionate Care Foundation based in Egg Harbor, New Jersey, for an undisclosed price. The Compassionate Care Foundation holds licenses for medical marijuana cultivation, manufacturing processing and three retail dispensaries. The closing is subject to state approval.
Massachusetts' capital city poised to overhaul cannabis selection process
The Boston City Council is expected to vote Wednesday on a historic ordinance to completely overhaul the city’s process of awarding business licenses to prospective marijuana operators. The proposal is designed to take control of the selection process from Mayor Martin J. Walsh, whose system in Massachusetts’ state capital has been criticized for being too political and slow, according to The Boston Globe.
Biden opposes federal legalization of marijuana in US
Former U.S. Vice President Joe Biden and one of the top Democratic presidential candidates in the 2020 election, said he is against legalizing marijuana at the national level. He contends there is not enough evidence “as to whether or not (marijuana) is a gateway drug,” according to Business Insider, and believes the decision to legalize cannabis should rest with individual states.
US House panel expected to vote on sweeping marijuana reform
A key House panel is scheduled Wednesday to mark up and likely vote on a comprehensive marijuana legalization measure, a historic step for federal reform. The House Judiciary Committee will be considering the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which was introduced in July by panel chair Jerrold Nadler. In addition to removing marijuana from the Controlled Substances Act, the measure would tax cannabis sales at 5%, with the money earmarked for small-business loans and other programs to assist the socially and economically disadvantaged in the marijuana sector.
Ohio agency issues mandatory medical cannabis product recall
The Ohio Medical Marijuana Control Program issued a mandatory product recall for Pineapple Express Rosin, which was manufactured by Columbus processor One Orijin. The cannabis product was recalled because it was developed using a noncompliant process, according to the agency, and any unused portion should be returned to the point of purchase. This is believed to be the Ohio medical marijuana program’s first mandatory recall, The (Cleveland) Plain Dealer reported.
Cannabis board members criticize Massachusetts lawmakers
The Cannabis Advisory Board in Massachusetts criticized the Legislature for “indifference” toward the state’s marijuana industry, which is grappling with a vaping products ban and federal investigation into possible MJ corruption. “It is shocking. … There is not enough participation by the Legislature,” board member Andrea Cabral said, according to the Boston Herald.
An audio look at the top cannabis stories last week
Our podcast, “This Week in Marijuana Business News,” looks at California cannabis layoffs, Massachusetts keeps its MJ vape ban, Cresco Labs and Origin House revamp their merger, among other topics.