Dispensary News

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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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

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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The Maryland General Assembly is back in session, and the state’s education needs could mean that cannabis legalization will be a major policy contender in 2019. Several lawmakers recently voiced their concerns about Maryland’s education funding — or lack thereof — and some are weighing all viable options to get the necessary resources.

According to WTOP, State Sen. Craig Zucker said he would like “to make Maryland schools No. 1 again.” And State Del. Julian Ivey said his district’s schools “can’t cover the cost called for in the Kirwan Commission’s report on education policy,” which cites a need for $4 billion in additional revenue to support the state’s education system. What’s more, the report revealed that despite Maryland’s previous investments in pre-K through 12th-grade education, its system is “average at best within the U.S.”

In other words, the report states Maryland must face the reality that “its students still perform in the middle of the pack within the U.S., which is in the middle of the pack against the rest of the modern world.”

“We’re going to have to have some very tough conversations,” Ivey said on the first day of the general assembly meeting, which lasts three months. 

Cannabis

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Recreational marijuana isn’t even legal yet in New York; but that is not stopping one state school from adding cannabis industry as a minor, according to WSYR-TV, a local Syracuse outlet. Clearly, SUNY Morrisville is anticipating legalization of the adult-use market on the heels of Governor Cuomo’s clarion call for it. (New York legalized medical cannabis in 2014).

The program will focus on growing the plant, providing a framework of study that will enable students to understand the science behind production. Speaking to the media outlet, Jennifer Gilbert Jenkins, an assistant professor of agricultural science at the school, explained the rationale behind the program, which SUNY Morrisville hopes to roll out in time for the fall 2019 semester, “We’re an ag[riculture]and technical college. Our job is to train the workers that are on the ground in the workforce and that’s our goal, that’s what we’re doing. So, if these jobs are going to be there, we need to make sure our graduates are the ones filling those positions.”

Drawing heavily upon the school’s existing curricula in agricultural engineering, science and horticulture, the program will be tailor-made for the serious-minded. In other words, stoners need not apply.

– Read the entire

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