Lp,s are doomed!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
When?
Curaleaf has been running since 2010.
They do not have any revenue.
They are red.
DBrown13,MMPRuser,Youg&Fluffy & Happy have moved to Oki-land.
They run a hot outfit but don,t make any money yet...
Everybody and their friends and family are involved in the caper.
Dorothy is working at starting her own gummies empire.
Stay tuned.
EDITORS' PICK|Apr 1, 2022,12:36pm EDT
U.S. House Of Representatives Passes Federal Cannabis Legalization Bill MORE Act
BonnoVices
Washington, D.C. scenics
ROBERT ALEXANDER/GETTY IMAGES
The U.S. House of Representatives passed the MORE Act, a bill that would end the federal prohibition on cannabis by removing it from the list of banned controlled substances. This is the second time the bill passed the House; however, it will face strong headwinds in the Senate.
The Marijuana Opportunity Reinvestment and Expungement (MORE) Act was introduced by House Judiciary Chairman Jerrold Nadler, a Democrat from New York. It passed the House 220 “yea” votes to 204 “nay” votes.
Cannabis is legal for adult use in 19 states and for medical use in 36 states. This bill would end the federal ban, but leave legalization up to the states. The legal industry generated $25 billion in sales last year, a 43% increase over 2020, and is expected to hit $65 billion in 2030.
During his opening statement, Nadler said that the bill, if made into law, would reverse decades of injustices waged on Americans, and especially those from communities of color. “Whatever one’s views are on the use of marijuana for recreational or medicinal use, the policy of arrest, prosecution and incarceration at the federal level has proven both unwise and unjust,” Nadler said. “For far too long, we have treated marijuana as a criminal justice problem, instead of as a matter of personal choice and public health.”
Troy Carter, a Democrat from Louisiana, said that 91% of Americans want some form of cannabis to be legal and that there are more important priorities cops should be focused on. “Law enforcement cannot afford to chase small pot offenders when violent crime is on the rise nationwide,” says Carter. “The war on marijuana is a costly relic of the past.”
Hakeem Jeffries, the Democratic Caucus chair, said there is a mass incarceration problem in the U.S, fueled by the “prison industrial complex” in America. He says former President Richard Nixon’s failed war on drugs disproportionately targeted Black and Latino Americans and noted that the fact that the U.S. imprisons more people per capita than China and Russia is a “stain.” Ending the federal government’s ban on pot would be a step in a positive direction.
“It has ruined individual lives, ruined families and ruined communities, particularly in communities of color,” said Jeffries. “It’s time to end the federal cannabis prohibition.”
House Majority Leader Steny Hoyer said this is an important issue because the majority of Americans want cannabis to be legal. He also said that he used to support tough-on-marijuana policies earlier in his political career. “I was a supporter of the war on drugs, I’ve been here a long time. . . . but it’s not a gateway drug, I’ve been convinced of that,” said Hoyer. “Marijuana has been legalized in 40% of our states, and medical marijuana is legal in 36 states. This is not out of the ordinary; this is something Americans tells us is an appropriate thing to do.”
Despite the fact that the vast majority of Americans are in favor of legal marijuana, there were plenty of naysayers in the House. Cliff Bentz, a Republican from Oregon, managed the bill’s opposition, said the MORE Act is a “bad and incomplete bill.” Representing southern Oregon, where illegal cannabis grows have become a pervasive problem rife with organized crime, says a better bill would fund the police to battle issues like the illicit market.
Bentz said legalization has been a disaster for Oregon, explaining that drug cartels are stealing water and threatening locals. He also says the tax rate of 8% would make legal pot 30% more expensive, giving illegal operators a nice margin to exploit.
“This bill will drive up demand for marijuana and up the cartels across the United States,” he said. “If you’re going to do this, get it right.”
In response, Nadler said: “You pass this bill, and the cartels will no longer have a monopoly.”
Good luck with that... Same old song and dance.
Most Republicans who took to the podium to voice their opposition against the bill said there are more important crises Congress should be addressing, from the invasion of Ukraine to rising gas prices to inflation. Ohio Republican Jim Jordan said that he voted “nay” because politicians should focus on “things that matter,” adding that immigration at the country’s southern border and crime should be priorities. “Every major urban area has record high crime and Democrats are legalizing drugs, there are record gas prices and Democrats are legalizing drugs and helping the stock market marijuana industry,” said Jordan.
Earl Carter, a Republican from Georgia, embraced old stereotypes on marijuana use: “As a pharmacist, I can tell you, marijuana is nothing more than a gateway drug—it leads to other, harder drugs,” said Carter. “This is misguided; this is wrong.”
Andy Biggs, a Republican from Arizona, referred to the bill as “a piece of garbage,” claiming it will legalize activity and businesses controlled by international drug cartels. Steven Palazzo, a Republican from Mississippi, raised concerns over how decriminalizing marijuana on the federal level would hurt kids. “The MORE Act does not end the war on drugs; all it does is poison our children and weaken our country,” said Palazzo. “Put our children first, not the dope dealers.”
The MORE Act is thought to have an uphill battle in the Senate. The last time the House passed the bill the Senate did not take it up to a vote. There are also competing bills within the House. Nancy Mace, the freshman representative from South Carolina’s coastal swing district spanning from Charleston to Hilton Head, introduced the States Reform Act, a bill that would end the federal government’s 85-year prohibition on marijuana, last year. Her bill, the first comprehensive Republican version to end cannabis prohibition, is expected to have its own hearing in April. Mace voted no on the MORE Act.
Perhaps the biggest hurdle for the MORE Act getting time in the Senate is that Senate Majority Leader Chuck Schumer and Senators Cory Booker and Ron Wyden, are planning to finally formally introduce their much-anticipated federal decriminalization bill, the Cannabis Administration and Opportunity Act later this month.
The MORE Act would need 60 votes to pass the Senate, which is unlikely. Not every Senate Democrat supports legalization and if the three House Republicans who voted for MORE are a barometer, it won’t get much support from the GOP.
Doomed?
LINK?
LP,s are burning money like crazy.
It is just that you do not know it yet...
What ever happenned to DD?
We should always keep pushing forward but also be realistic: the Biden Administration’s refusal to stand by their campaign promises & support the MORE Act dooms it to failure.
Next Q is a doozy... lol
What???
Okies are thinking about having expiring dates on legal cannabis products?
No more stailed dry harsh on the throat bunk weed?
Can,t make a $ on legal canna sales?
Bring the brigade and bust all illegal farmers?
Same old song and dance!
Why don,t legal canna sellers apply themselves to grow dank?
They have the licences, the money, the ressources...
Stock market weed is not cutting it.
In the cannabis world, legacy rules...
LP,s don,t know what they are doing.
Here goes...
Be there, or be square!!!
APRIL 20, 2022 – WHAT’S GOING ON FOR 420 THIS YEAR?
BonnoAPRIL 1, 2022
CANNABIS CANADACANNABIS LEGALIZATIONCANNABIS NEWSEVENTSFEATUREDLIFESTYLEMARIJUANA NEWSMUSICNEWS & EVENTS39 VIEWS
As the public health orders are lifting, there is a big question on everyone’s mind: What’s going on for 420 this year? April 20th is fast approaching and we are actually able to celebrate! While many Canadian cities like to party for 420, the festivities in Vancouver and Victoria are legendary. For those of you wondering, here’s a look at the party plans for 420 in Vancouver and Victoria; plus, any need-to-know details concerning public health orders.
The Current State of BC’s Province Wide Restrictions
As of April 8th, 2022, The province-wide restrictions surrounding events and covid-19 are basically non-existent. There are no capacity limits, mask mandates, and proof of vaccination is not required. Individual businesses and event organizers can choose to continue to require proof of vaccination but it’s no longer mandatory. Wearing masks is a personal choice unless it is in a healthcare setting. So far, none of the planned events for 420 are requiring proof of vaccination.
For more information, visit the provincial government website.
Vancouver
Here’s a throwback to 420 Vancouver 2018!
Sunset Beach
NO PARTY – Beach Closed
Usually, Vancouver celebrates 420 at Sunset Beach. However, this will not be the case and you can blame the barge. On November 15, 2021, a barge washed ashore and has been stuck on Sunset Beach ever since. Unfortunately, efforts to refloat the beast have failed and the barge can only be removed piece by piece. How long that will take is anyone’s guess. As a response to the situation, the City of Vancouver showed strong leadership and took action… they renamed the beach. The company tasked with the removal needs to use the whole beach as a staging area and it looks like the process has begun. In support of these efforts, the City of Vancouver has temporarily closed Barge Chilling Beach.
420 Celebration at The Vancouver Art Gallery
The 12pm – 10pm
Vancouver‘s 420 celebrations are legendary and have been going on for over two decades. This year, the party is back in full swing. Collective Event Management is tasked with putting it on and Dusk2Dawn Productions will be setting up the stage. The founder of the Cannabis Substitution Program, Neil Magnuson will MC the event; no music headliners have been announced. This year, event organizers are expecting a crowd of over 20,000 There will be an open-air market and booth sales are selling out fast.stoners.
Here is an event map to give you an idea of what to expect.
The event will be followed by an afterparty at an undisclosed location. This will take place from 10 pm to 6 am and all are welcome.
Remeber when Cypress Hill came to 420 Vancouver?
Victoria
420 Celebration at The BC Legislature
Music from 2pm – 6pm
The annual 420 Celebrations are a party with a purpose and you can feel it when you go to Victoria. It takes place on the front lawn of the BC legislature building and vending is technically not allowed. As a result, this celebration is less of a market and all about having a good time. The event has been organized by The Victoria Cannabis Buyers Club and it will serve as a fundraiser for an upcoming legal battle. In January of 2022, the VCBC received a $6.5 million dollar fine from the Community Safety Unit.
Here is what they had to say about this upcoming 420:
“We will be dancing and toking together to the musical stylings of Submersive Studios from 2 to 6 pm, with some booty shaking bass powered by PK Sound. We will have speakers, prizes, and performers to fill the afternoon with magic and joy to commemorate this special day. Join us on Wednesday, April 20th for an afternoon of old-school cannabis protests, some consciousness-raising about the pitfalls of the legal industry, to raise some funds for the VCBC legal battle, and to join together with our canna fam once more to celebrate this important day.”
The USA cannabis market is way oversaturated.
Much worst than Canada.
Getting drunk at young-naive&fluffy,s pad?
What is your favorite Tilray,s cultivar twist?
I hope so for you twist.
850 million $ lost on last Q selling licenced cannabis?
Low quality at a premium $ will never cut it in this overcrowded canna market.
Doomed feeling…
Craft is where it,s at.
Canada is too cold.
Cost more to produce.
Selling under production cost.
Burning cash.
Folks are overgrowing lp,s.
Partakers prefer top shelf.
Correct. No money, no candy!
She,s a great Ponzi with no sales.
DOOMED!!!
Tilray is an Emperor with no clothes.
Lol
No,the weed market is over-saturated with top shelf.
And it,s worldwide!
Legalization was too late in the gameAND
orchestrated by Bill Blair.
Ex Toronto Chief of Police Bill Blair was happy to brake pothead,s head with a bible.
Bruce Linton was a phony who could not provide FIREto his customers.
Dude was all over medias promoting his ignorance.
He went from huge dispensary line-ups, to no shows...
Mr. Linton was selling "scale" and "clean legal products" etc. to wide eyes shareholders. A NO BRAINER
"WEED IS WEED" right? Young Naive & Fluffy seems to think so.
Only to realize that og,s only wanted the "good stuff".
Scale and excellent quality is not where it,s at for quality.
Was Linton aware of it? Or unaware?
Or was it a sales pitch for suckers?
https://www.cannabisculture.com/content/2022/03/29/4-20-the-teen-pot-holiday/
4/20 – the Teen Pot Holiday
By David Malmo-Levine on March 29, 2022
FacebookTwitterRedditPinterestShare
CANNABIS CULTURE – “It is a new form of tyranny by the old over the young. You have the adult with a cocktail in one hand and a cigarette in the other saying ‘you cannot’ to the child. This is untenable.”
– Margaret Mead, October 27th, 1969 (1)
Image #1: UPI, October 28th, 1969
Because of the massive amount of stigma foisted upon teen cannabis use these days, the role of teens in the legalization movement – and in the creation of the 4/20 holiday – have been downplayed or ignored by some activists.
This is a big problem, because the way the current pot cartel has been justified has been to argue that cannabis is a hard drug – it always harms teens – and it should be tightly regulated.
There is a tonne of evidence that this “pot is a hard drug” argument is just more reefer madness (2) – just slightly more sophisticated than the 1930s version – but instead of cops making the reefer madness argument, it’s academics, and instead of using it to justify a total prohibition, it instead is being used to justify tight regulations – like those which regulate alcohol and tobacco. Or tighter.
And some activists feel that – if they go along with this view, they too can become some of the lucky few to sell or grow pot, rather than (what I suggest we do) fight for the right of everyone to grow it and sell it, like we do with coffee and tea.
Hilary Black comes to mind.
So rather than repeat my previous attempts to focus on the evidence of cannabis being an excellent drug for teens to help them avoid the suicides, drunk driving and alcohol and opiate overdoses they’re actually suffering from, (3) or rather than focus on the harm that cannabis prohibition does to teens such as being racially profiled (4) fined, jailed or sometimes killed during the enforcement of simple possession laws, (5) I would like to take the opportunity of this upcoming 4/20 holiday season to point out how teens themselves created the idea of 4/20, and how their contribution has helped make the 4/20 rally as big as it had become (up until COVID), and how hypocritical it would be to exclude them from a holiday that they actually had the biggest hand in creating.
The Waldos – the Inventors of 420
The first thing we should all do is look closely at the origin of the term “4/20” itself. If we are honest, we must admit it means 4:20 PM. As in “let’s meet up after our high school classes are over to get high”. In 1971, the concept of the number “420” as a code for cannabis smoking first appeared amongst a group of teens at San Raphael High School in San Raphael, Marin County, California – just across the Bay from San Francisco. As well as being the off-season headquarters of the Grateful Dead, San Raphael had a reputation for being a mecca of cannabis culture. The town was immortalized in Shel Silverstein’s 1972 pot poem “The Smoke Off” – a poem about a contest between the world’s greatest joint roller – a teen named “Pearly Sweetcake” – and the world’s most rapacious pot smoker. (6)
Image #2: https://sfevergreen.com/the-420-founding-fathers/
The group of teen 420 inventors was known as “the Waldos” because they hung out at “the wall” – a ledge in the center of the San Raphael High School campus – where they would engage with other students in witty banter. (7) The Waldo’s home page has the most accurate account of the origins of the now-world-famous numerical code for cannabis smoking;
“The time is 1971, The Waldos are sitting on the wall one day at San Rafael High School, making fun of everybody passing by as usual. A friend of the Waldos, Bill, came over to share something. He unfolded a treasure map explaining that his brother was in the U.S. Coast Guard stationed at the Pt. Reyes Peninsula north of San Francisco. He and some other U.S. Coast Guardsman were growing a patch of weed and it was ready for harvest, however they were now fearful that their commanding officer was onto them. Wanting to be safe and not wanting to get busted they decided to abandon the project, and gave Bill and his chosen friends permission to go harvest. Bill and fate picked The Waldos. A plan was made to search for the plants. School let out on a staggered flex schedule, typically at 3:10. Some of the Waldos had football practice for approximately one hour afterwards, so the plan was to meet at the campus statue of chemist Louis Pasteur at 4:20PM. During the day, every time they would see each other in the halls, they would remind each other of the meeting time and place by saluting with ‘420 Louis’. … The search went on for weeks. ‘Louis’ was dropped and the greeting was shortened “420”, which instantly became Waldo secret code for getting high. Teachers, coaches, administrators, parents and everyone else were oblivious. The Waldos could communicate anything about weed among themselves with just the tiniest inflection. The Waldos never found the weed patch, but the Waldos and other Waldo Safaris continued on.” (8)
Image #3: https://420waldos.com/about-the-waldos/
This term for pot smoking was picked up – first by the Grateful Dead and the “Deadheads” – their fans – and then by High Times magazine, which spread it to the rest of the world. (9)
What does the story of the Waldos signify? To this author, the story is evidence that – far from being harmed by their experience with cannabis, the Waldos found inspiration from it. Inspiration, not only to invent neologisms that would help them and others evade capture, but also to forge a new identity for their community, and eventually to give the global cannabis community a holiday of it’s own. The fact that “420” is a teen-invented term is a signal to activists that teens need championing – to insure they are included in any future legalization model, so that they too can enjoy herbal autonomy, and their past and future linguistic/conceptual contributions can continue to enrich the rest of the cannabis community.
Image #4: Blacklisted News: Secret Histories from Chicago to 1984, Youth International Party, Bleecker Publishing, 1983, p. 237
Chris Lang – Teen Pioneer early 1990s Vancouver Pot Rally Organizer
The first really big pot rally of the 1990s was in April of 1993, and it was organized, primarily, by 17 year old high school student Chris Lang, who had assistance from The Patriotic Canadians for Hemp, LEAD, and “Friends International” – an educational/research organization formed by Janice and Leeroy Campbell back in 1983, which published the Hempfest Times newsletter.
Image #5: Hempfest Times #1, July 1993
Because of the attention brought to the pot issue by the Bill Clinton and Kim Campbell admissions and the killing of Daniel Possee in 1992 by the North Vancouver RCMP over a half ounce of weed, and because it was organized by a high-school student, the rally got a lot of attention from both of the local newspapers;
“Lower Mainland high-school students are being invited to play hooky at noon hour on Friday and join in a marijuana ‘smoke-in.’ Organizer Chris Lang, 17, a North Vancouver student, says he’s “doing it for the environment,” and claims he has distributed handbills to 20 schools. He’s hoping that about 1,000 school and college students will walk out of their classes and light up joints during the ‘legalization rally’ at the Vancouver Art Gallery. By facing arrest, he says, they’ll be supporting decriminalization of the drug. The rally is backed by pro-legalization groups Patriotic Canadians for Hemp, the League for Ethical Action on Drugs (LEAD) and Friends International. Vancouver school trustee Craig Hemer warned that students attending the rally would have to face the consequences of leaving class. ‘I cannot see the school system allowing students leaving schools,’ said Hemer. Burnaby drug counsellor Rob Axsen of non-profit group Odyssey 1 was also alarmed at the message the rally would send to teens. ‘I have worked with a lot of kids who are psychologically dependent on marijuana,’ he said. ‘It concerns me and I see it as exploitative.’ But Lang says his poster campaign is receiving strong support from students. ‘It’s always, like, ‘right on’ and ‘it can help the environment,’ ‘ he says. Last month’s adolescent health survey of B.C. school teens found that only 25 per cent of Grade 10 to Grade 12 students had ever smoked marijuana. But Simon Fraser University criminology professor Neil Boyd says it’s probably more like 50 per cent. ‘The gateway drugs are tobacco and alcohol,’ says Boyd, who wants marijuana laws relaxed. Boyd links the teenagers’ actions to a revival of ’60s hippie values. In Ottawa, Skeena MP Jim Fulton is soon to table a private member’s bill to legalize marijuana. Vancouver police say they’re aware of the rally.” (10)
Image #6: Calgary Herald, Calgary, Alberta, April 21st, 1993, p. 2
Image #7: https://theprovince.com/news/local-news/throwback-student-smoke-in-pushed
“West Vancouver Grade 12 student Chris Lang will be among the 1993 crime statistics. He goes to court in July on a possession charge after allegedly being found with one joint in his pocket by Vancouver police. Lang, 17, is so angry that he may end up with a criminal record that he is helping to organize a Vancouver rally this Friday at the Vancouver Art Gallery to try and get marijuana decriminalized.” (11)
The rally went well. It was the first time since the Grasstown Riot that thousands of people gathered in Vancouver to protest for legalization. This time, the cops hung back and the media provided a fair amount of positive coverage.
Image #8: High Society – Rally Dos and Donts [2of5] https://www.youtube.com/watch?v=l1EGVePW21s
The Globe & Mail revealed that Chris Lang was involved with an earlier September 1992 rally. Apparently between that 1992 rally and this 1993 rally, Lang was arrested for simple possession – and when Kim Campbell and Jean Charest (the two front-runners for the Conservative Party top spot) then admitted to smoking it, that was the last straw;
“He had organized a smoke-in last September, attended by about 200 people, but decided to organize this rally after Conservative leadership candidates Kim Campbell and Jean Charest admitted they had smoked marijuana. ‘O yeah, we timed it,” Mr. Laing (sic) said with a knowing smile as the crowd began to gather on the steps of the gallery.” (12)
Hempology 101: The Young Organizers of the First 4/20 rally
On April 17th, 2019, the website “Vancouver Is Awesome” did an in-depth story about Danna Rozek O’Donnell – one of the two main organizers of the first 4/20 rally:
“The first 4/20 was held at Victory Square on Thursday, April 20, 1995. It was the brainchild of Danna O’Donnell (nee Rozek) and Cindy Lassu. O’Donnell is originally from Ontario and moved to Vancouver in early 1994, lured by the city’s cannabis culture. She and Lassu were working at the Hemp BC store, which sold cannabis-related paraphernalia, when the idea for a pot protest was hatched. ‘I was pretty young at the time and I wanted to get together with like-minded people to do some activism,’ said. ‘I thought we could come up with some kind of group… so I kind of organized a meeting night inviting people to come over and see what we could come up with and we decided to form a group. We came up with the name Hempology 101 and our motto was going to be ‘Legalization through education.’’ O’Donnell said the group planned to host events, hand out pamphlets and organize marches advocating for the legalization of marijuana, and came up with the idea to hold an event on April 20 (4/20).” (13)
Image #9: The first 420 rally, April 20th, 1995, Victory Square, Vancouver, archive of Cannabis Culture
Image #10: The first 420 rally, April 20th, 1995, Victory Square, Vancouver, archive of Cannabis Culture
Image #11: Danna Rozek, circa 1995, archive of Cannabis Culture
Image #12: Cindy Lassu, circa 1995, archive of Cannabis Culture
I myself arrived in Vancouver from Edmonton, Alberta in September of 1995. I attended many of the Hempology 101 classes, and then took them over in 1996 when Danna left Vancouver to live in the B.C. interior. I can assure the reader that there were many teens involved in Hempology 101 in 1995 and 1996 – in both planning and postering and attending and performing aspects of rally organization.
Image #13: Hempology 101 organized rally, November 15th, 1995, archive of Cannabis Culture
Image #14: Hemp BC, circa 1995, Cannabis Culture archive
Hemp B.C. itself was operated by some a bunch of young employees. One of them, assistant manager (and 17 year old) Hilary Black, would go on to start a pot revolution of her own.
Hilary Black: Teen Med Pot Pioneer
In the year 2000, a reporter from the Vancouver Sun pointed out how Hilary Black got her start as an under-age activist/employee at Marc Emery’s Hemp BC, which then transformed her into an under-age pot dealer:
“She got her start working a summer job as a 17-year-old at Marc Emery’s former Hemp BC store. Sometimes the elderly or the sick would telephone or walk timidly into the Hastings Street site as though visiting a foreign planet. Tell me about marijuana, they would ask. The first person she gave pot to was an elderly woman, bed-ridden with arthritis, says Black. She went to the woman’s home and climbed onto the bed. They talked and shared a joint. Ten minutes later, the woman was able to get out of bed and make them tea. She was laughing and crying, and she thought this striking dark-haired teenager was some sort of angel. ‘For a 17- or 18-year old girl, it was really, really inspiring to me … that there was something worthy I could do that wasn’t being done.’” (14)
In a September 1995 article in the Vancouver Province, Hemp BC assistant manager Hilary Black was quoted as the resident expert on the medicinal qualities of cannabis;
“‘People who have cancer and get (nauseated) from chemotherapy use it to settle their stomach … and it relieves the pressure on the eyes in glaucoma patients.’ Black said toking up has rid her of migraines and done wonders for her asthma. ‘Pot relaxes you and opens up your capillaries, so it’s great for headaches. And it’s legendary for relieving PMS. I’ve had friends who’ve cut up a bud, mixed it with alcohol and applied it to herpes sores, and they’ve cleared right up.’ Besides easing pain for AIDS patients, pot helps them eat. ‘We all know smoking up gives you the munchies, so it really helps increase their appetite.’” (15)
The very next month, Marc Emery announced the beginning of the medical marijuana movement in Canada – basically bragging about his employee Hilary Black’s side hustle – the Vancouver Medical Marijuana Cooperative – without naming it or her directly;
“Mark (sic) Emery, owner of the popular pot store Hemp B.C. in Vancouver, says the decision is part of the turning tide for pot. ‘Ultimately it’s not the politicians that are legalizing it, it’s the police officers, the courts and the public,’ said Emery. ‘We deal with lots of people who are using pot medicinally – we provide it for them.’” (16)
Image #15: “Pot-for-pain plea heard”, The Province, Vancouver, British Columbia, Canada, October 4th, 1995, p. A5
The “we” in “we provide it for them” was Hilary Black. This is months before any other Canadian pot activist has claimed to have sold medical pot. Black was also the first pot activist in Canada to produce med pot literature – a two page handout from her first organization, the VMMC – the Vancouver Medical Marijuana Cooperative. This organization was run by her and her associate Theo – another teen Vancouver drugpeace activist.
Image #16: Vancouver Medical Marijuana Cooperative, circa 1995
Black would later move to Holland and then California in order to study the art of medical marijuana distribution from the pioneers of those countries, before returning to Vancouver in 1997 to transform the VMMC into the BCCCS – the BC Compassion Club Society. Black was also the first med pot dispensary activist to get national news coverage in Canada, and took the lead in introducing the above-ground med pot economoy to Canadians. (17)
Image #17: “Hilary Black talks marijuana in 1997” https://www.cbc.ca/player/play/1347333699546
Arguably, if Marc Emery had bought into the stigma-laden idea that teens should be kept away from pot, he would not have hired the 17-year-old Hilary Black, she would not have gone on to destigmatize medical cannabis and pioneer the entire Canadian med pot industry, and it would all probably still be illegal today, or at the very least, the industry would have had far less participation from – and would have been shaped with far less influence of – members of the general public. Teenagers not only gave the world the 420 culture, they gave regular Canadians a chance at access to the legitimate cannabis economy.
2002 Senate Report – Urged Canada to Include Teens In Legalization
On September 4th, 2002, the most comprehensive English-language report on cannabis ever commissioned by a government was relased. “CANNABIS: OUR POSITION FOR A CANADIAN PUBLIC POLICY” was the title, and the authors were the Senate Special Committee on Illegal Drugs. It has since come to be known as the Nolin Report, as Senator Pierre Claude Nolin was the chairperson overseeing it.
The Senate recommended amendments to the Controlled Drugs And Substances Act, aiming
“To permit persons over the age of 16 to procure cannabis and its derivatives at duly licensed distribution centres…” (18)
The Senate repeated this advice, in different language, on page 52 of the summary – where the Senate wanted cannabis to be treated as a softer drug than alcohol or tobacco, in that 16 year olds could buy it on their own:
“The resident must undertake not to distribute to persons under the age of 16 . . .” (19)
The Senators heard from Canadians across the country when gathering information to write their report – including this author – and many Canadians spoke out about the injustice that the experience of pot prohibition had been for teens. This is why they were explicit in including teens in legalization.
In 2009, Statistics Canada came up with a report that pointed out that nearly a quarter of those Canadians arrested for cannabis crimes:
“Of the over 90,000 persons accused of a drug offence in 2007, youth accounted for 19%, although this varied by type of drug. Youth comprised 24% of those accused of cannabis offences, compared to 5% of all those accused of cocaine offences.” (20)
https://www150.statcan.gc.ca
Even post legalization, some jurisdictions in the United States that have legalized cannabis for adults have seen an increase in racial profiling for teens that were left out of legalization:
“A Colorado Health Department survey found there wasn’t a huge racial difference in who smokes pot. But the marijuana arrest rate for white 10- to 17-year-olds fell by nearly 10 percent from 2012 to 2014, while arrest rates for Latino and black youths respectively rose more than 20 percent and more than 50 percent.” (21)
Image #19: https://pot-facts.ca/
Post Legalization/Cartelization Pot Activism Must Include Legalization for Teens
Being a pot activist in the 21st century involves avoiding treating cannabis like a hard drug, and advocating for the right of teens to have safe, legal access to pot. As was pointed out by this author on Cannabis Culture back in 2018, right before legalization/cartelization was put into place:
“The key to saving the world at this moment is to shift away from the synthetic economy and take steps towards the natural economy. And the way to do that is to allow teens to smoke pot, and require farmers to grow it organically and ethically. Then scapegoating will end and the world can live as one and hemp ethanol can replace fossil fuels and the economy will be spread out amongst hundreds of thousands of farmers and gardeners instead of a few banks and chemical companies. Wait. What? How does fighting for teen pot access lead to saving the world? Let me break it down for you. The three reasons for activists to focus on ending age limits and adopting fair trade, organic standards in the new emerging legal cannabis economies are: Doing so might reduce teen suicides, car crashes and drug overdoses. Doing so would result in safer cannabis instead of industry-killing testing protocols Doing so would allow poor people and middle class people to participate in the economy and industrial hemp regulations to relax enough to allow it to compete with fossil fuels.” (22)
Obviously, this won’t be an easy task. The prohibitionists have pushed their “assassin of youth” narrative for at least 90 years, and it continues to this day. (23) Today’s pot activist will have to familiarize themselves with the facts surrounding cannabis use by young people (24) as well as understanding why cannabis is more similar to other soft drugs like coffee beans rather than hard drugs like tobacco or alcohol. (25)
Ultimately, it will be on this issue – how we treat the youngest members of the community – that will define whether or not we are activists or mearly opportunists, and whether or not the human race will one day live freely and in harmony with each other and with mother nature, or if we will instead remain oppressed and enslaved. One thing is for certain. Teens have earned the right to protest for their pot rights along side adults – especially at 4/20, the holiday they themselves invented.
Citations:
1) “Marijuana Should Be Legal, Margaret Mead Tells Senate,” Chicago Tribune, Chicago, Illinois, Oct. 28th, 1969, p. 20
2) https://pot-facts.ca/multiple-reports-indicate-no-rise-in-psychosis-accompanies-increases-in-pot-use-rates/
https://pot-facts.ca/teen-marijuana-use-not-linked-to-later-depression-lung-cancer-other-health-problems-research-finds/
“After controlling for potential confounding variables such as alcohol, tobacco, and hard drug use, socioeconomic status, whether the young men had health insurance, and early health status (prior to marijuana use), findings from this sample indicated that chronic marijuana users were not more likely than late increasing users, adolescence-limited users, or low/nonusers to experience several physical or mental health problems in their mid-30s. In fact, there were no significant differences between marijuana trajectory groups in terms of adult health outcomes, even when models were run without controlling for potential confounds. This is particularly striking given that men in the early onset chronic group were using marijuana (on average) once per week by late adolescence and continued using marijuana approximately 3– 4 times a week from age 20 to 26 years.”
“Chronic Adolescent Marijuana Use as a Risk Factor for Physical and Mental Health Problems in Young Adult Men,” Jordan Bechtold, University of Pittsburgh School of Medicine, Theresa Simpson and Helene R. White, Rutgers University, Psychology of Addictive Behaviors, © 2015 American Psychological Association, August 3rd, 2015, Vol. 29, No. 3, 552–563, p. 557
https://www.apa.org/pubs/journals/releases/adb-adb0000103.pdf
3) https://pot-facts.ca/teens-need-legal-access-to-pot-cafes-to-help-avoid-drunk-driving-suicide-and-drug-overdoses/
https://www.cannabisculture.com/content/2017/01/20/wont-somebody-think-children/
4) https://pot-facts.ca/pot-arrests-of-black-youth-went-up-after-pot-legalization-in-colorado/
5) https://www.cannabisculture.com/content/2021/05/18/killed-over-pot/
https://pot-facts.ca/dozens-of-people-have-been-killed-over-pot-in-north-america-in-the-last-20-years/
6) The Smoke Off, Shel Silverstein, 1972 https://www.youtube.com/watch?v=ohFHsOBuLc4
“Now in the laid back California, town of sunny San Rafael. Lived a girl named Pearly Sweetcake, you probably knew her well. She was stoned fifteen, of her eighteen years. And her story was widely told, That she could smoke em faster, than anyone could roll.”
https://lyricsplayground.com/alpha/songs/t/thegreatsmokeoff.html
7) https://420waldos.com/more-waldos-culture/
8) https://420waldos.com/point-reyes-searches/
9) https://big.assets.huffingtonpost.com/First420story.jpg
https://www.history.com/news/the-hazy-history-of-420
For an alternate history (involving a different teen from San Rafael High School), check out: https://guyperry.wixsite.com/beebmarcos420/the-420-truth
10) “Student smoke-in pushed”, The Province, APRIL 21, 1993, JOHN BERMINGHAM https://theprovince.com/news/local-news/throwback-student-smoke-in-pushed
11) “Ex-officer takes pot not for a high but to lower blood pressure, he says”, The Vancouver Sun, Vancouver, British Columbia, Canada, April 21st, 1993, pp. 17, 20
12) “Memories of riot go up in smoke”, Globe & Mail, April 25th, 1993, pp. 1, 5
13) “Vancouver’s 4/20 celebrates a quarter century of freeing the weed – Event’s original organizer recalls 4/20’s humble beginnings,” Jessica Kerr, Apr 17, 2019
https://www.vancouverisawesome.com/courier-archive/news/vancouvers-420-celebrates-a-quarter-century-of-freeing-the-weed-3097823
14) “TALES OF PROHIBITION”, Vancouver Sun, May 13, 2000, pp. 18-19. See also: “Founder Hilary Black was only a teenager when she took her first step towards eventually changing the course of cannabis laws in Canada.” How compassion club filary Black changed the course of cannabis law in Canada https://www.cbc.ca/radio/thecurrent/hilary-black-b-c-cannabis-compassion-1.4869239
15) “Soother or killer?”, The Province, Vancouver, British Columbia, Canada, Sept. 24th, 1995, p. A4
16) “Pot-for-pain plea heard”, The Province, Vancouver, British Columbia, Canada, October 4th, 1995, p. A5
17) Hilary Black talks marijuana in 1997, Hilary Black of the B.C. Compassion Club Society and Health Canada’s Bruce Rowsell speak to Brian Stewart about marijuana on The National Magazine on July 24, 1997.
https://www.cbc.ca/player/play/1347333699546
18) “CANNABIS: OUR POSITION FOR A CANADIAN PUBLIC POLICY REPORT OF THE SENATE SPECIAL COMMITTEE ON ILLEGAL DRUGS,” CHAIR PIERRE CLAUDE NOLIN DEPUTY CHAIR COLIN KENNY SEPTEMBER 2002, p. 624
https://chodarr.org/sites/default/files/chodarr0335.pdf
https://www.druglibrary.org/schaffer/library/studies/canadasenate/table_of_contents.htm
https://chodarr.org/search/node/Senate
http://publications.gc.ca/site/eng/246855/publication.html
19) Ibid, SUMMARY REPORT, p. 52
https://sencanada.ca/content/sen/Committee/371/ille/rep/summary-e.pdf
20) “Trends in police-reported drug offences in Canada,” May 2009
https://www150.statcan.gc.ca/n1/pub/85-002-x/2009002/article/10847-eng.htm#a4
21) “As Adults Legally Smoke Pot In Colorado, More Minority Kids Arrested For It,” June 29, 2016
https://www.npr.org/2016/06/29/483954157/as-adults-legally-smoke-pot-in-colorado-more-minority-kids-arrested-for-it
22) “Soft Drugs & The Shift to Natural Economics,” David Malmo-Levine, July 23, 2018
https://www.cannabisculture.com/content/2018/07/23/soft-drugs-the-shift-to-natural-economics/
23) “Fake News Coming from CBC on Cannabis and Teens – Can Anything Be Done About It?” David Malmo-Levine, December 11, 2019
https://www.cannabisculture.com/content/2019/12/11/fake-news-coming-from-cbc-on-cannabis-and-teens-can-anything-be-done-about-it/
24) “Kids and Cannabis: 9 Reasons To Not Be Afraid of Young People Using Marijuana,” David Malmo-Levine, April 20, 2016
https://www.cannabisculture.com/content/2016/04/20/kids-and-cannabis-9-reasons-not-to-be-afraid-of-young-people-using-marijuana/
25) “Cannabis vs Caffeine: Which is Safer, a Cup of Coffee or a Puff of Weed?” David Malmo-Levine, April 20, 2016
https://www.cannabisculture.com/content/2016/04/20/cannabis-vs-caffeine-which-is-safer-a-cup-of-coffee-or-a-puff-of-weed/
good luck with republicans... lol
Read post 9443 Mario
CANADIAN CANNABIS MARKET TRENDS
CALEB MCMILLANMARCH 29, 2022
BUSINESSCANNABIS 101CANNABIS CANADACANNABIS LEGALIZATIONCANNABIS NEWSFEATUREDLATEST LEGALIZATION NEWSLAWMARIJUANA LEGALIZATIONMARIJUANA NEWSTHC NEWS0 VIEWS
“It’s going to be a very interesting year,” says Brightfield Group’s Managing Director, Bethany Gomez. With sales expected to hit $8.8 billion by 2027, the Canadian cannabis market is on fire. Thanks to consumer demand, large LPs have mostly abandoned the “sea of green” monocrop concept and have narrowed in on premium flowers. About time... Read : We will stop growing bunk! We have listened to our customers... From now on, we will grow FIRE. The CBD market suffers from regulatory constraints. But opportunity exists for a US foothold. Smaller, craft brands are still competing against the larger LPs with their deeply rooted distribution networks. But things look much different in 2022 than they did in 2020. “We see a lot of disruptive craft brands that are starting to come up,” says Bethany.
Relative to its population, Alberta outperforms all of Canada.
They rank highest spent per capital on Canadian cannabis products. Alberta‘s free-market approach means fewer regulatory hurdles retail licensees have to jump through. Allowing for more free competition, by 2027, Alberta expects to hit over a billion dollars in cannabis sales revenue.
In contrast, Canadian cannabis in Quebec continues to underperform
Despite its population size. Quebec has taken the opposite approach to Alberta‘s. All retail is government-owned and controlled. By limiting competition among entrepreneurs, the government has limited product choice and potency. Edibles, concentrates, and vapes are illegal. For this reason, many of Quebec’s consumers continue to use the legacy market.
British Columbia is the historic birthplace of Canadian cannabis.
So it’s no surprise that the province expects to overtake Alberta in sales by 2027. A lot of this depends on whether BC removes its distribution middle-man. And whether they put in place a direct farm-to-consumer model. Like Alberta, the industry expects to grow to over a billion in sales by 2027. British Columbia is also (finally) taking steps to bring the legacy producers into the legal market. Reliance on the legacy market is likely why sales in the province are so low. Additionally, the province has brand labels for consumers. There is BC-Grown, BC certified organic, Indigenous-grown, among others.
Ontario is becoming the epicentre for Canadian cannabis.
As of early 2022, there are over 1,500 cannabis retailers operating in Canada’s most populous province. Their 2022 sales are projecting over $2 billion and by 2027 that’s expected to increase by 12%. Despite their successes, market oversaturation remains an issue. Some businesses expect to fail as high mark-ups by the government supplier (Ontario Cannabis Store) eat up margins.
Canada’s CBD Industry
CBD Canadian Cannabis Market Trends
Considering that CBD shows promise in preventing COVID-19 infections – Canada’s CBD regulations are putting Canadians at risk
The Canadian cannabis market has an unfortunate CBD sector. CBD products are available only through approved cannabis retail channels. This limits its distribution and purchasing rates. Most CBD sold in Canada has at least a 20% markup. Most LPs aren’t focusing on developing CBD products. There is little variety on Canadian store shelves. In response, Canadian companies have taken to teaming up with American companies. The idea is to get ready for US legalization that would open up the entire North American cannabis market.
The LP’s
“The battle is shifting to premium,” says Bethany Gomez. Craft cannabis continues to dominate the Canadian cannabis market. Big LPs are shifting away from value-priced products and focusing on premium flower.
They have realized that bunk weed does,nt sell.
Better late than never.
2021 was a tough year of many large LPs. Revenues stagnated while smaller, craft producers grew their sales. “The large LPs just can’t any larger,” says Brightfield Group’s Managing Director, Bethany Gomez. “There’s a lot of competition from disrupter brands that are starting to shape the face of the industry. The market today in cannabis does not look like what most folks thought it would look like on the eve of legalization.”
Yet, as craft brands continue their rise, the top distributed brands in Canada are still the ones with core-priced offerings. “This is a very price-sensitive market,” says Bethany, “and producers have to be able to offer high-quality products at a price people will spring for.”
FacebookTwitterLinkedInShare
Footnote(s)
https://content.brightfieldgroup.com/cannabis-canada-industry-report
down squeeze?
you will have to wait...
Feeling the squeeze?
MJBizDaily
Cannabis Business Info Since 2011
MJBIZCONPODCASTFACTBOOKMAGAZINE
» Get Our Newsletters
ADVERTISEMENT
Home / Canada
Unpaid Canadian marijuana regulatory fees jump tenfold to almost CA$1 million
author profile pictureBy Matt Lamers, International Editor
March 28, 2022 - Updated March 28, 2022
SHARE
Image of 100-dollar Canadian notes
Outstanding regulatory fees owed by federally regulated Canadian marijuana companies jumped more than tenfold in recent years, according to figures shared with MJBizDaily by Health Canada.
Industry officials suggest the amount of unpaid fees could be a symptom of squeezed producers being weighed down in an ultracompetitive market and having to choose which bills to pay on time.
Health Canada collects the fees to help defray the cost of regulatory-related services such as security screenings and import/export permits.
ADVERTISEMENT
The agency’s data showed overdue fees as of Dec. 31 totaled 914,000 Canadian dollars ($726,000) for the 2020-21 fiscal year.
That’s more than 10 times the previous year’s $72,000 in unpaid fees for fiscal year 2019-20.
The CA$914,000 includes CA$723,000 in annual regulatory fees that were deferred until March 31, 2021, meaning those fees were nine months late as of Dec. 31, 2021.
To help federally regulated cannabis companies cope with the COVID-19 pandemic, Health Canada deferred annual regulatory fee payments to March 2021.
Those fees originally were due in September 2020.
There were no outstanding fees in the previous years, Health Canada said.
Although the amount of outstanding regulatory fees has risen dramatically, they represent a small percentage of the revenue the government collects from cannabis producers.
For fiscal 2020-21, the federal government’s revenue from cannabis fees was CA$29.9 million – considerably lower than expected because of the deferred annual fees. That means 3.2% of fees were outstanding for that year.
In the previous year, only CA$72,000 was outstanding versus CA$50.5 million in fees paid.
The data does not disclose which companies had outstanding fees.
Squeeze is on
Industry officials suggest the volume of outstanding fees could be a symptom of financially squeezed cannabis producers.
“I wish I could tell you that it was the beginning of an industry withholding of the fees pending improvement to the processing times and service standards at Health Canada,” said George Smitherman, president and CEO of the Ontario-based Cannabis Council of Canada industry group.
“I could only muster that it is a reflection on the very challenging times that producers are facing and may reflect a prioritization of paying (Canada Revenue Agency) excise fees.”
Smitherman said some cannabis companies have experienced a “mad scramble” to pay excise tax bills.
Deepak Anand, founder of London-based cannabis company Materia Ventures, said managing cash flow is proving particularly challenging for some Canadian producers in the current environment.
“As a result, it is becoming fairly common practice for several standard as well as micro cultivators/processors having to resort to factoring of receivables against invoices from provincial boards to help fund their (operating expenses),” he said.
NEW MJBiz Factbook: Preorder Today!
Informed decision making is essential for success in the cannabis industry. Get the facts and analysis you need in the 2022 MJBiz Factbook, curated by the editors of MJBizDaily.
Why Preorder?
You’ll be the first to get the latest data delivered to your inbox when the new edition releases on April 11.
BONUS OFFER: Get the 2021 MJBiz Factbook right now, for free.
What’s inside the MJBiz Factbook?
Segmented research reports for the marijuana + hemp industries.
Accurate financial forecasts + investment trends.
State-by-state guide to regulations, taxes and opportunities.
And more!
Presale bundle offers are now available.
Get The Data
Anand said the suite of fees and excise taxes cannabis companies must pay “become quite excessive and burdensome for several license holders to burden.”
Canada’s excise duty on dried cannabis flower is either CA$1 per gram or 10% of the value of the gram, whichever is greater.
Different excise duty rules apply to cannabis oil and other derivative products such as edibles, extracts and topicals, based on THC content.
A group of small- and medium-sized Canadian marijuana cultivators is calling on the federal government to reform its cannabis excise tax regime, seeking an end to a flat minimum per-gram tax and other tax adjustments based on a producer’s size.
What’s collected?
Health Canada is responsible for administering the fees that are set out under the Cannabis Fees Order.
Some cannabis business fees are under the authority of Health Canada include:
An application screening fee.
A security screening fee.
Import/export permit fees.
Annual regulatory fees.
That order authorizes Health Canada to charge fees to recover the federal government’s costs for cannabis regulation.
According to Health Canada’s figures, the fees do not offset the cost of regulation.
In fiscal 2019-20, Health Canada said its regulatory costs were CA$110.2 million, but it collected only CA$50.5 million in revenue from fees.
In 2018-19, the government’s costs were CA$92.4 million and its revenue only CA$4.2 million.
In contrast, Health Canada notes that the Canada Revenue Agency collects excise duties on cannabis products under the provisions of the Excise Act.
Overdue fees
Most invoices become overdue at 30 days past the payment due date, Health Canada said.
Notification letters are sent at 30 and 60 days past due.
The regulator said collection activities include contacting customers by email or phone, plus sending a monthly statement on their account.
“If a payment is not received after 90 days, advance collection actions include sending a final reminder warning that if no payment is received, that the account will be sent to collections,” Health Canada noted.
The agency contracts an external collection agency to help with collection activities, and legal actions could be considered on a case-by-case basis.
On a case-by-case basis, Health Canada said it is willing to negotiate and enter into repayment agreements with customers.
Such agreements are generally entered into for a period of less than one year.
Licensees were given an extension for the annual fee payment due Sept. 30, 2020, to March 31, 2021.
Matt Lamers can be reached at mattl@mjbizdaily.com.
Dorothy,s all in... Good girl!
Candy Pros brings our combined forty years of confectionary expertise to the cannabis market with the debut of our non-infused gummy base which is designed to be melted for easy edible manufacturing. Just melt, add your active ingredient and pour into a mold! It’s that easy!
LEARN HOW WITH THE STEPS BELOW
ORDER A MELTABLE SAMPLE KIT
Creating your own branded edible can be cost-prohibitive and time-consuming. Make your own custom homogenized edibles in just a few steps with our special line of melt-to-market (M2M) gummy base. Any size company can use this strategy to make an edible - and the upfront cost is extremely low. The best strategy is to buy the un-dosed,
flavored gummy base in volume, melt, add active ingredients, shape, package, and promote! So start your engines…you’re on the sweet road to edibles success! Take a test drive with one of our M2M Sample Packs to see which of our gummy products are the best solution for your formula & process. Just one bite and you’ll see why we say, “life is sweet!”
Do the research
Make sure your state laws allow you to create your own edible products and be sure to follow all guidelines and are prepared for any testing required to retail your product.
Go to Candy Pros
Your trusted & knowledgable gummy supplier, and order your gummy base. No order is too small for us to fulfill.
Gather Your Supplies
You will need your active ingredients, heat source such as a double boiler, molds, a scale, thermometer, and additional materials that vary based on the scale of your operation.
Prep Your Workspace
Prepare for melting. You’ll need ventilation, safety and hygienic supplies, heat source and cooling area. Make sure your kitchen adhere’s to all sanitary and safety guidelines.
Melt Gummy Base
Put your product over the heat source until it liquefies, stirring constantly. Leave over low heat while working on your next steps. Never leave your product unattended or it could burn!
Infuse Gummy Base
After carefully calculating your additive to gummy ratio (be sure to follow all state regulations). slowly incorporate your chosen additives. Whisk/stir to make sure all additives are carefully and evenly distributed.
Transfer Into Molds
Gently transfer the heated gelatin into molds of your choice in the size of and shape your choice. A depositor is a great tool for this step. There are different equipment options available depending on the scale of your desired production.
Cool & Package
After your infused gummies cool and solidify, take your lot of newly created gummies and package them (don't forget to include information required by law on your labels) in your shiny new branded container of your choice, ready to sell!
*make sure to do your own research and testing following all laws and regulations regarding the manufacturing of edibles for your state.
Want to know more? We're at your service!
Shop: www.candypros.com
Email: customerservice@candypros.com
Phone: (888) 627-2008
Home / All U.S.
Cannabis industry scathing in its review of Biden ban on Washington DC sales
ByBonnoMJBizDaily Staff
March 29, 2022 - Updated March 29, 2022
SHARE
Marijuana industry officials sharply criticized President Joe Biden’s proposed $5.8 trillion budget, which maintains a ban on adult-use cannabis sales in Washington DC despite strong public support for the program.
“The nation’s capital could be a model for how to get cannabis legalization right. Instead, it’s the very opposite, and President Biden now shares some of the blame,” Steven Hawkins, CEO of the U.S. Cannabis Council (USCC), wrote in a statement.
ADVERTISEMENT
The USCC lists more than 65 members on its website, including multistate operators, smaller companies, ancillary businesses and even other marijuana trade organizations.
The District of Columbia City Council paved the way last fall for a projected $200 million recreational marijuana market to be launched as soon as this summer, only to see the effort blocked in a draft congressional budget and, now, the administration’s budget proposal.
What’s blocking commercial marijuana sales in DC is a provision known as the Harris Rider, named after sponsor Rep. Andy Harris, a Maryland Republican.
The continued prohibition on adult-use sales in DC comes despite Biden’s election campaign promise to, in part, allow states to decide whether to allow commercial cannabis markets.
“No one expects cannabis reform to be top of mind for a president facing down Russia, inflation and COVID-19,” Hawkins wrote.
“However, President Biden has consistently passed up opportunities to make good on his campaign commitments to pardon non-violent offenders, fund expungement programs, boost research and give states autonomy over their medical and adult-use programs. In some cases, the administration has even gone in reverse on cannabis.”
Growing is all about the lighting
Read our exclusive guide for strategies and tips from expert cultivators who have amassed decades of experience studying horticulture lighting. Curated by MJBizDaily.
Inside the MJBizDaily Lighting Buyers Guide:
Horticultural professionals debunk 8 common lighting myths in cannabis.
How cannabis extraction companies can reduce energy costs.
Why experts say the future of horticultural lighting is in LED technology.
Cannabis lighting Glossary of Terms.
Buyers checklist & more!
Get the Guide
Hawkins added that a “dangerous gray market” operates in DC in the absence of a legal adult-use one, “without any standards or safeguards and brazenly targets underage consumers.
“President Biden’s budget just embraced this unacceptable prohibition.”
TERRAPHARMA SELLS OUT TO AURORA FOR $38M, GREYBEARD AND BEING SWALLOWED
BONOMARCH 28, 2022
BUSINESSCANNABIS CANADAFEATUREDMARIJUANA NEWSPRODUCTS0 COMMENTS12 VIEWS
Craft cannabis on Canada’s shelves in the legal hemisphere is an arguable term due to the inevitable fate much of the product undergoes. Corporate companies skip costs which sadly undermines quality as well as viability in the long run. In a $38M deal, Terrapharma, parenting Being Cannabis and Greybeard under Thrive, sells out so Aurora can make profit.
Aurora saving themselves, again
But is dissolving more brands of cannabis under Aurora and Big Bud in Cannada, such as Greybeard and Being, a necessary move?
In the press release, Aurora admits premium quality and innovation are keys to a successful horizon. After stocks crashed to pre-legalization value, the deal is Aurora’s hopeful reach for profitability by the desperate language of the news release. As Terrapharma sells out, their main subsidiary, Thrive, will take control of Aurora’s portfolio.
Aurora will acquire all issued and outstanding shares of Terrapharma Inc. The tentative date of closure for the deal is within Q4 2022 according to Aurora’s fiscal year.
Dealing genetics
Thrive will gain access to Aurora’s deep production output. In return, Aurora will absorb Terrapharma and it’s subsidiary, Thrive’s two main brands, Greybeard and Being Cannabis. Following this, genetics will be transferred to Aurora’s wheelhouse.
In the press release, the genetic line comes with promises, including a greater than 24% average THC output. Additionally, Thrive’s cultivars are allegedly disease resistant and high yielding which means lower production costs. The news release, however, made no mention of terpene production, genetic stability, or consistency.
In return, Terrapharma will receive two direct earnount bonuses if it can achieve set revenue goals after it sells out to Aurora. Even with Thrive at the helm of operational controls, though, will the bonus guarantee that Thrive’s production standards survive a shift to Big Bud ownership?
Thrive Farmgate.
Greybeard and Being Cannabis
Greybeard is an ‘award-winning’ brand that offers flowers and concentrates in Canada’s legal sector, a snail’s race. Whereas Being Cannabis sells sublingual cannabinoid strips. Thrive also managed to open one of the first farm-gate cannabis stores in Ontario, a retail model sorely lacking everywhere else in Canada.
But as the Canadian cannabis story goes, more craft cannabis sells out to one of few corporate giants. Aurora will simply swallow yet another smaller fish with a multi-million dollar deal.
They bought the legacy names. They now must prove to consumers they can grow quality products.
Good luck with that.
Tilray needs your money folks!
Please help...
Matt Lamers@MJBizDaily -1h
So many Canadian cannabis companies broadly misjudge the opportunity that has existed in the German medical market.
It's super competitive and the potential payoff is quite low.
Matt Lamers@MJBizDaily - 18h
This also goes for EU-GMP certification. Reality is most Canadian cannabis companies who attain this costly certification will not make a profit from exports to Europe or anywhere else. They won't survive long enough.
The economics don't add up.
It's mostly a gimmick for #stonks.
Matt Lamers - MJBizDaily - 22h
International sales at most of " the biggest cannabis companies in the world" in Canada remain laughably low and will be for years.
Don't shoot the messenger!
Matt Lamers @ MJBizDaily - 22h
Broadly speaking, the crux of the issue is that almost all the Canadian cannabis producers that expanded internationally since 2018 did so disproportionately vis-a-vie actual/existing opportunities.
You don't spend $20 million on a $5 million opportunity.
Matt Lamers - MJBizDaily -Twitter - March 28, 2022
International cannabis markets are a distraction most management teams are unable to navigate.
The reality is that the German medical market is smaller than the Canadian medical market.
Succeed in Canada then expand overseas, not the other way around.
Cant convince her. She,s a prohibitionist.
No more poor folks in prison!
What would you like to know?
will do
Good calll!
Right, the money is in legacy...
Corpo $ is blown in a weed-stock-market-Ponzi-&-CEO-bonus+salary
Tilray to the moon!!!