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Week hands panic selling hope you can get back in when the run starts. England opps out of the EU and the whole world panics, things will level off next week after the initial shock wears off. I think England made a mistake but in the long run that's going to be there problem. Personally I won't sell one share of GRNH it's just plain foolish with all the positive news out there. MJ comes out of the dark ages this year and everyone who sticks with it, is going profit.
The Big Picture: State-By-State Marijuana Ballot Initiative Update
cannabis vote
By John Schroyer
This year could prove a turning point for the legal cannabis industry, with at least 15 potential ballot measures in 12 states that could go before voters in November.
If some or most are approved, that could translate into untold business opportunities for cannabis entrepreneurs across the nation.
As of now, the ballot initiative picture isn’t entirely clear. Some initiatives have earned a spot on their state ballots. Many are still in the works, and some remain a question mark as to whether supporters can gather enough signatures to qualify to be voted on.
Here’s an update on where the campaigns nationwide stand as of June 22.
States Where MJ Will Definitely be on the Ballot
Florida
•Initiative: Amendment 2, by United for Care (supported by millionaire attorney John Morgan)
•What it would do: Amend the state constitution to legalize a broader medical marijuana system than the one already in place.
•Number of signatures needed: 683,149
•Number of valid signatures submitted: 716,270
•Key business highlights: The initiative would legalize one of the largest medical marijuana systems in the country and establish an enormous market, perhaps including out-of-state residents looking to enter the industry. The legislature would have to write many of the regulatory details if the measure wins. But the potential patient pool is in the hundreds of thousands.
•Latest polling: 69% of voters support Amendment 2, according to a May study by Gravis Marketing. But the campaign faces a big hurdle to win, because Florida law requires a 60% supermajority to pass a constitutional amendment.
Maine
•Initiative: The Marijuana Legalization Act, by the Campaign to Regulate Marijuana Like Alcohol (run by the Marijuana Policy Project)
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 61,123
•Number of valid signatures submitted: 62,848
•Key business highlights: Maine could be one of the first states to license “marijuana social clubs,” which would be allowed under the initiative. Such business models have been attempted in states such as Colorado – with little to no success – although Alaska has been working on a similar licensing system for lounges.
•Latest polling: Two March polls found majority support for legalizing recreational cannabis, with the Maine People’s Resource Center pegging support at 54% and a Critical Insights tracking poll putting it at 55% support.
medical marijuana in nevadaNevada
•Initiative: Question 2, by the Campaign to Regulate Marijuana Like Alcohol (run by the Marijuana Policy Project)
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 101,666
•Number of signatures submitted: Approximately 200,000
•Key business highlights: A limited number of retail business licenses would be available, and for the first year and a half of the licensing process only existing MMJ companies in Nevada would be allowed to apply. But the measure contains no residency requirement, meaning out-of-state owners and/or investors could play a big role in the Nevada industry’s development.
•Latest polling: 60% of voters back the initiative, according to a March poll by Ralston Reports.
States Where Campaigns Have Submitted Petitions and are Waiting for Approval
Arkansas
This is one of the few states where more than one legalization campaign is underway. If both make the ballot here and voters approve them, the one with the most yes votes would supersede the other. One campaign has already submitted signatures, another is still circulating petitions.
•Initiative: The 2016 Arkansas Medical Cannabis, by Arkansans for Compassionate Care
•What it would do: Change state statute to legalize medical marijuana.
•Number of signatures needed: 67,887
•Number of signatures submitted: 117,469
•Key dates: Signatures were submitted June 21, and the state has 30 days to rule on whether or not the campaign collected enough to make the ballot. If at least 75% of signatures are valid, the campaign would have another 30 days to gather what’s needed.
•Key business highlights: Allows for up to 38 dispensaries across the state. The state could increase that to ensure patient access. Or the number could fall if local governments that choose to ban MMJ businesses. All dispensaries would be nonprofits. However, the patient pool could be sizable given the immense list of specific qualifying conditions, which range from asthma to intractable pain and post-traumatic stress disorder.
•Latest polling: A November poll found 68% of Arkansas voters support legalizing medical marijuana.
California
•Initiative: The Adult Use of Marijuana Act, by Let’s Get it Right CA (supported by billionaire Sean Parker)
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 365,880
•Number of signatures submitted: More than 600,000
•Key dates: All counties in the state must complete a random sampling of the signatures by June 30.
•Key business highlights: The initiative would establish a colossal 19 different business licenses, including 13 differing cultivation permits depending on size and whether an operation is indoor or outdoor. The regulations are intended to build on the medical marijuana industry rules the state approved last year. Licensing would begin around the same time, in January 2018. Anti-monopoly provisions in the initiative are designed to protect smaller operators, so big corporations can’t corner the market.
•Latest polling: 60% of voters support legalizing recreational marijuana, according to a May poll by the Public Policy Institute of California.
massachusetts marijuanaMassachusetts
•Initiative: The Regulation and Taxation of Marijuana Act, by the Campaign to Regulate Marijuana Like Alcohol (run by the Marijuana Policy Project)
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: Initially, 64,750 by Dec. 2, 2015, and another 10,792 by June 22
•Number of signatures submitted: 70,739 in December and then an additional 25,000 in June
•Key dates: The campaign had to hand in 10,792 signatures to local officials where those signatures were collected by June 22 for verification, and then the full petitions to the secretary of state by July 6.
•Key business highlights: The initiative doesn’t have a residency requirement or a long-term numerical cap on permits. But local governments could establish such limits. The measure would give existing medical cannabis dispensaries the first crack at rec licenses. If 75 dispensaries are licensed by October 2017 (173 dispensary applications had been filed by June 2016), the next round of businesses would have to wait at least a year before applying, and new cultivators would have to wait until October 2019 to apply for business permits.
•Latest polling: According to a May poll by Suffolk University and the Boston Globe, 46% of voters oppose the initiative and 43% support it.
Missouri
•Initiative: No title, by New Approach Missouri
•What it would do: Amend the state constitution to legalize medical marijuana.
•Number of signatures needed: 157,788
•Number of signatures submitted: Approximately 260,000
•Key dates: The secretary of state must either certify the initiative for the ballot or reject it by Aug. 9.
•Key business highlights: The initiative has a residency requirement for plant-touching companies, and allows the state and counties to cap the number of businesses. There’s also a limit to how many licenses a single company could hold, though vertical integration would be an option. The patient pool could be sizable, because the MMJ qualifying condition list is extensive, and includes permissive language that would allow for a physician to recommend cannabis for a wide range of ailments. The permitting process would start as soon as mid-March 2017.
•Latest polling: Support for the amendment is at 59%, according to a May poll by Missouri Scout Political Intelligence and Analysis.
Michigan
•Initiative: The Michigan Marijuana Legalization, Regulation and Economic Stimulus Act, by MILegalize.
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 252,523
•Number of signatures submitted: Approximately 354,000
•Key dates: On June 7, the state Bureau of Elections declared that the campaign was approximately 106,000 signatures short. MILegalize filed suit, which means the initiative may still make the ballot.
•Key business highlights: Michigan would be the first state to leave the regulation of a new rec industry completely to local governments, without any state-level oversight. All licensing would be done through local governments, which could ban cannabis companies or regulate them. Local governments also would be in charge of determining any license caps, and the licensing process would have to begin by June 1, 2017. The initiative doesn’t have a residency requirement.
•Latest polling: 53% of voters support the initiative to legalize recreational marijuana, according to a March poll by EPIC-MRA.
Montana
Montana is another state where multiple initiatives could make the ballot, including one to ban all marijuana and one to roll back an anti-dispensary ruling from the state Supreme Court.
•Initiative: I-182, by the Montana Cannabis Industry Association
•What it would do: Amend state statute to essentially legalize MMJ dispensaries by overturning a 2011 law passed by the state legislature that was upheld in February by the Montana Supreme Court. That law limits medical cannabis providers to three patients apiece, effectively regulating dispensaries out of business.
•Number of signatures needed: 24,175
•Number of signatures submitted: More than 40,000
•Key dates: Signatures were submitted to the secretary of state on June 17, and county officials have until July 15 to certify the petitions.
•Key business highlights: The measure is largely designed to give cover to existing dispensaries in Montana, but many of them will be forced to close by the end of this August. That could provide an opening for new industry entrants (though there is a residency requirement). But even if the market remains dominated by longtime players, the initiative would provide new legal stability for the MMJ industry. There’s no set limit on how many business licenses could be issued.
•Latest polling: There hasn’t been any recent polling reported on marijuana (either rec or medical) in Montana, but voters in the state originally legalized medical cannabis in 2004 by a 62% to 38% margin.
States Where Campaigns Are Still Gathering Signatures
arizona medical cannabisArizona
•Initiative: The Regulation and Taxation of Marijuana Act, by the Campaign to Regulate Marijuana Like Alcohol (run by the Marijuana Policy Project)
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 150,642 (A campaign spokesman said in May it had surpassed that number.)
•Key dates: The campaign must submit its signatures to the secretary of state by July 7.
•Key business highlights: The rec system would be tilted in favor of existing medical businesses. They would be grandfathered into the adult-use market and get first crack at rec licenses. And, by law, they would enjoy an advantage over would-be newcomers. For example, current MMJ dispensaries, which already must be vertically integrated, would automatically have the authority to grow unlimited amounts of adult-use cannabis, while new market entrants would first have to prove their viability on a smaller scale before being granted the right to grow more plants. Also, only about 147 rec licenses would be permitted.
•Latest polling: An April poll found that just 43% of voters support the measure, while 49% oppose it. The poll was paid for by legalization opponents.
Arkansas
(Unlike the state’s previously noted campaign, this one is continuing to gather signatures.)
•Initiative: Arkansas Medical Marijuana Amendment, by attorney David Couch
•What it would do: Amend the state constitution to legalize medical marijuana.
•Number of signatures needed: 84,859 (Couch said he and supporters had collected about 50,000 as of June 21.)
•Key dates: Signatures are due to the secretary of state by July 8; the deadline for the agency to certify or reject a measure is August 25.
•Key business highlights: The amendment would allow for eight cultivation facilities statewide, and the state Medical Marijuana Commission would determine the owners. That has opponents worried that it could turn into a pay-to-play system, and that politics would quickly corrupt it. The same commission would issue between 20 and 40 dispensary licenses. And the proposed amendment includes anti-monopoly language, so that a single company or individual could not own more than one dispensary and grow operation. For-profit businesses would also be permitted.
Image of North Dakota medical marijuanaNorth Dakota
This is the last state with potentially competing campaigns, with one trying to legalize medical cannabis and the other attempting to legalize adult use.
•Initiative: North Dakota Legalization of Marijuana Initiative, by a committee chaired by Eric Olson
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 13,452
•Key dates: Signatures are due to the secretary of state by July 11.
•Key business highlights: The unorthodox initiative would prevent the state from requiring any kind of license to grow, possess, use and distribute cannabis. In effect, it would make marijuana a completely legal plant. For potential businesses, there would be no residency requirements, no numerical license caps, no testing mandates, no packaging or labeling restrictions, and no industry rules.
•Latest polling: A 2014 poll by the University of North Dakota College of Business and Public Administration found that 47% of voters at the time supported legalizing medical cannabis, with 41% opposed and 9% neutral. The same study found that 68% of voters opposed legalizing rec.
***
•Initiative: North Dakota Compassionate Care Act, by a committee chaired by Ray Morgan
•What it would do: Change state statute to legalize medical marijuana.
•Number of signatures needed: 13,452
•Key dates: Signatures are due to the secretary of state by July 11.
•Key business highlights: All dispensaries would have to be vertically integrated not-for-profit models, and inventory would be limited to 1,000 growing plants and 3,500 ounces (218.75 pounds) of “usable” marijuana at any given point. The measure contains a residency requirement, but no cap on the number of dispensaries that may be permitted.
Oklahoma
•Initiative: State Question 788, by Oklahomans for Health
•What it would do: Change state statute to legalize medical marijuana.
•Number of signatures needed: 65,987
•Key dates: Signatures are due to the secretary of state by Aug. 11.
•Key business highlights: The initiative would prohibit vertical integration and establish four key business license types: dispensaries, growers, processors (infused-product makers) and transporters. The measure doesn’t contain numerical license caps, but any businesses would have to be at least 75% owned by Oklahoma residents. The entire system would have to be up and running quickly: The measure calls for the state to make business license applications available within 30 days of the law’s passage, and then to either grant or reject submitted applications within two weeks.
•Latest polling: A 2013 Sooner Poll found that 71% of voters would have supported a proposed 2014 ballot measure to legalize medical cannabis.
The Big Picture: State-By-State Marijuana Ballot Initiative Update
cannabis vote
By John Schroyer
This year could prove a turning point for the legal cannabis industry, with at least 15 potential ballot measures in 12 states that could go before voters in November.
If some or most are approved, that could translate into untold business opportunities for cannabis entrepreneurs across the nation.
At of now, the ballot initiative picture isn’t entirely clear. Some initiatives have earned a spot on their state ballots. Many are still in the works, and some remain a question mark as to whether supporters can gather enough signatures to qualify to be voted on.
Here’s an update on where the campaigns nationwide stand as of June 22.
States Where MJ Will Definitely be on the Ballot
Florida
•Initiative: Amendment 2, by United for Care (supported by millionaire attorney John Morgan)
•What it would do: Amend the state constitution to legalize a broader medical marijuana system than the one already in place.
•Number of signatures needed: 683,149
•Number of valid signatures submitted: 716,270
•Key business highlights: The initiative would legalize one of the largest medical marijuana systems in the country and establish an enormous market, perhaps including out-of-state residents looking to enter the industry. The legislature would have to write many of the regulatory details if the measure wins. But the potential patient pool is in the hundreds of thousands.
•Latest polling: 69% of voters support Amendment 2, according to a May study by Gravis Marketing. But the campaign faces a big hurdle to win, because Florida law requires a 60% supermajority to pass a constitutional amendment.
Maine
•Initiative: The Marijuana Legalization Act, by the Campaign to Regulate Marijuana Like Alcohol (run by the Marijuana Policy Project)
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 61,123
•Number of valid signatures submitted: 62,848
•Key business highlights: Maine could be one of the first states to license “marijuana social clubs,” which would be allowed under the initiative. Such business models have been attempted in states such as Colorado – with little to no success – although Alaska has been working on a similar licensing system for lounges.
•Latest polling: Two March polls found majority support for legalizing recreational cannabis, with the Maine People’s Resource Center pegging support at 54% and a Critical Insights tracking poll putting it at 55% support.
medical marijuana in nevadaNevada
•Initiative: Question 2, by the Campaign to Regulate Marijuana Like Alcohol (run by the Marijuana Policy Project)
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 101,666
•Number of signatures submitted: Approximately 200,000
•Key business highlights: A limited number of retail business licenses would be available, and for the first year and a half of the licensing process only existing MMJ companies in Nevada would be allowed to apply. But the measure contains no residency requirement, meaning out-of-state owners and/or investors could play a big role in the Nevada industry’s development.
•Latest polling: 60% of voters back the initiative, according to a March poll by Ralston Reports.
States Where Campaigns Have Submitted Petitions and are Waiting for Approval
Arkansas
This is one of the few states where more than one legalization campaign is underway. If both make the ballot here and voters approve them, the one with the most yes votes would supersede the other. One campaign has already submitted signatures, another is still circulating petitions.
•Initiative: The 2016 Arkansas Medical Cannabis, by Arkansans for Compassionate Care
•What it would do: Change state statute to legalize medical marijuana.
•Number of signatures needed: 67,887
•Number of signatures submitted: 117,469
•Key dates: Signatures were submitted June 21, and the state has 30 days to rule on whether or not the campaign collected enough to make the ballot. If at least 75% of signatures are valid, the campaign would have another 30 days to gather what’s needed.
•Key business highlights: Allows for up to 38 dispensaries across the state. The state could increase that to ensure patient access. Or the number could fall if local governments that choose to ban MMJ businesses. All dispensaries would be nonprofits. However, the patient pool could be sizable given the immense list of specific qualifying conditions, which range from asthma to intractable pain and post-traumatic stress disorder.
•Latest polling: A November poll found 68% of Arkansas voters support legalizing medical marijuana.
California
•Initiative: The Adult Use of Marijuana Act, by Let’s Get it Right CA (supported by billionaire Sean Parker)
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 365,880
•Number of signatures submitted: More than 600,000
•Key dates: All counties in the state must complete a random sampling of the signatures by June 30.
•Key business highlights: The initiative would establish a colossal 19 different business licenses, including 13 differing cultivation permits depending on size and whether an operation is indoor or outdoor. The regulations are intended to build on the medical marijuana industry rules the state approved last year. Licensing would begin around the same time, in January 2018. Anti-monopoly provisions in the initiative are designed to protect smaller operators, so big corporations can’t corner the market.
•Latest polling: 60% of voters support legalizing recreational marijuana, according to a May poll by the Public Policy Institute of California.
massachusetts marijuanaMassachusetts
•Initiative: The Regulation and Taxation of Marijuana Act, by the Campaign to Regulate Marijuana Like Alcohol (run by the Marijuana Policy Project)
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: Initially, 64,750 by Dec. 2, 2015, and another 10,792 by June 22
•Number of signatures submitted: 70,739 in December and then an additional 25,000 in June
•Key dates: The campaign had to hand in 10,792 signatures to local officials where those signatures were collected by June 22 for verification, and then the full petitions to the secretary of state by July 6.
•Key business highlights: The initiative doesn’t have a residency requirement or a long-term numerical cap on permits. But local governments could establish such limits. The measure would give existing medical cannabis dispensaries the first crack at rec licenses. If 75 dispensaries are licensed by October 2017 (173 dispensary applications had been filed by June 2016), the next round of businesses would have to wait at least a year before applying, and new cultivators would have to wait until October 2019 to apply for business permits.
•Latest polling: According to a May poll by Suffolk University and the Boston Globe, 46% of voters oppose the initiative and 43% support it.
Missouri
•Initiative: No title, by New Approach Missouri
•What it would do: Amend the state constitution to legalize medical marijuana.
•Number of signatures needed: 157,788
•Number of signatures submitted: Approximately 260,000
•Key dates: The secretary of state must either certify the initiative for the ballot or reject it by Aug. 9.
•Key business highlights: The initiative has a residency requirement for plant-touching companies, and allows the state and counties to cap the number of businesses. There’s also a limit to how many licenses a single company could hold, though vertical integration would be an option. The patient pool could be sizable, because the MMJ qualifying condition list is extensive, and includes permissive language that would allow for a physician to recommend cannabis for a wide range of ailments. The permitting process would start as soon as mid-March 2017.
•Latest polling: Support for the amendment is at 59%, according to a May poll by Missouri Scout Political Intelligence and Analysis.
Michigan
•Initiative: The Michigan Marijuana Legalization, Regulation and Economic Stimulus Act, by MILegalize.
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 252,523
•Number of signatures submitted: Approximately 354,000
•Key dates: On June 7, the state Bureau of Elections declared that the campaign was approximately 106,000 signatures short. MILegalize filed suit, which means the initiative may still make the ballot.
•Key business highlights: Michigan would be the first state to leave the regulation of a new rec industry completely to local governments, without any state-level oversight. All licensing would be done through local governments, which could ban cannabis companies or regulate them. Local governments also would be in charge of determining any license caps, and the licensing process would have to begin by June 1, 2017. The initiative doesn’t have a residency requirement.
•Latest polling: 53% of voters support the initiative to legalize recreational marijuana, according to a March poll by EPIC-MRA.
Montana
Montana is another state where multiple initiatives could make the ballot, including one to ban all marijuana and one to roll back an anti-dispensary ruling from the state Supreme Court.
•Initiative: I-182, by the Montana Cannabis Industry Association
•What it would do: Amend state statute to essentially legalize MMJ dispensaries by overturning a 2011 law passed by the state legislature that was upheld in February by the Montana Supreme Court. That law limits medical cannabis providers to three patients apiece, effectively regulating dispensaries out of business.
•Number of signatures needed: 24,175
•Number of signatures submitted: More than 40,000
•Key dates: Signatures were submitted to the secretary of state on June 17, and county officials have until July 15 to certify the petitions.
•Key business highlights: The measure is largely designed to give cover to existing dispensaries in Montana, but many of them will be forced to close by the end of this August. That could provide an opening for new industry entrants (though there is a residency requirement). But even if the market remains dominated by longtime players, the initiative would provide new legal stability for the MMJ industry. There’s no set limit on how many business licenses could be issued.
•Latest polling: There hasn’t been any recent polling reported on marijuana (either rec or medical) in Montana, but voters in the state originally legalized medical cannabis in 2004 by a 62% to 38% margin.
States Where Campaigns Are Still Gathering Signatures
arizona medical cannabisArizona
•Initiative: The Regulation and Taxation of Marijuana Act, by the Campaign to Regulate Marijuana Like Alcohol (run by the Marijuana Policy Project)
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 150,642 (A campaign spokesman said in May it had surpassed that number.)
•Key dates: The campaign must submit its signatures to the secretary of state by July 7.
•Key business highlights: The rec system would be tilted in favor of existing medical businesses. They would be grandfathered into the adult-use market and get first crack at rec licenses. And, by law, they would enjoy an advantage over would-be newcomers. For example, current MMJ dispensaries, which already must be vertically integrated, would automatically have the authority to grow unlimited amounts of adult-use cannabis, while new market entrants would first have to prove their viability on a smaller scale before being granted the right to grow more plants. Also, only about 147 rec licenses would be permitted.
•Latest polling: An April poll found that just 43% of voters support the measure, while 49% oppose it. The poll was paid for by legalization opponents.
Arkansas
(Unlike the state’s previously noted campaign, this one is continuing to gather signatures.)
•Initiative: Arkansas Medical Marijuana Amendment, by attorney David Couch
•What it would do: Amend the state constitution to legalize medical marijuana.
•Number of signatures needed: 84,859 (Couch said he and supporters had collected about 50,000 as of June 21.)
•Key dates: Signatures are due to the secretary of state by July 8; the deadline for the agency to certify or reject a measure is August 25.
•Key business highlights: The amendment would allow for eight cultivation facilities statewide, and the state Medical Marijuana Commission would determine the owners. That has opponents worried that it could turn into a pay-to-play system, and that politics would quickly corrupt it. The same commission would issue between 20 and 40 dispensary licenses. And the proposed amendment includes anti-monopoly language, so that a single company or individual could not own more than one dispensary and grow operation. For-profit businesses would also be permitted.
Image of North Dakota medical marijuanaNorth Dakota
This is the last state with potentially competing campaigns, with one trying to legalize medical cannabis and the other attempting to legalize adult use.
•Initiative: North Dakota Legalization of Marijuana Initiative, by a committee chaired by Eric Olson
•What it would do: Change state statute to legalize recreational marijuana.
•Number of signatures needed: 13,452
•Key dates: Signatures are due to the secretary of state by July 11.
•Key business highlights: The unorthodox initiative would prevent the state from requiring any kind of license to grow, possess, use and distribute cannabis. In effect, it would make marijuana a completely legal plant. For potential businesses, there would be no residency requirements, no numerical license caps, no testing mandates, no packaging or labeling restrictions, and no industry rules.
•Latest polling: A 2014 poll by the University of North Dakota College of Business and Public Administration found that 47% of voters at the time supported legalizing medical cannabis, with 41% opposed and 9% neutral. The same study found that 68% of voters opposed legalizing rec.
***
•Initiative: North Dakota Compassionate Care Act, by a committee chaired by Ray Morgan
•What it would do: Change state statute to legalize medical marijuana.
•Number of signatures needed: 13,452
•Key dates: Signatures are due to the secretary of state by July 11.
•Key business highlights: All dispensaries would have to be vertically integrated not-for-profit models, and inventory would be limited to 1,000 growing plants and 3,500 ounces (218.75 pounds) of “usable” marijuana at any given point. The measure contains a residency requirement, but no cap on the number of dispensaries that may be permitted.
Oklahoma
•Initiative: State Question 788, by Oklahomans for Health
•What it would do: Change state statute to legalize medical marijuana.
•Number of signatures needed: 65,987
•Key dates: Signatures are due to the secretary of state by Aug. 11.
•Key business highlights: The initiative would prohibit vertical integration and establish four key business license types: dispensaries, growers, processors (infused-product makers) and transporters. The measure doesn’t contain numerical license caps, but any businesses would have to be at least 75% owned by Oklahoma residents. The entire system would have to be up and running quickly: The measure calls for the state to make business license applications available within 30 days of the law’s passage, and then to either grant or reject submitted applications within two weeks.
•Latest polling: A 2013 Sooner Poll found that 71% of voters would have supported a proposed 2014 ballot measure to legalize medical cannabis.
? 1 Comment
Fiscal_merc hope you have a large portion of shares in WOFA if so you may not have to work so hard in the near future. GLTA
I cannot understand why these A-hole politicians can't grow some balls and legalize a "plant" that gives hope and relief to so many people, it's a proven fact and after more studies are done I believe MJ will have many more medical applications and cures. As far as recreational use is concerned, if it was legal and state regulated their would be less chance of minors obtaining it, because it wouldn't be available on every street corner like it is now. The Mexican cartels are not going to bother with MJ any longer if it's legal, therefore no more illicit profit going to the cartel's. Instead all the millions upon millions of dollars in tax revenue would go into the state chaffers and solve many fiscal problems. Not to mention that prohibition didn't work for alcohol (a much worse and additive drug) and it won't work for MJ in the long run. Let the state's and the Majority decide what they want, not the Feds. Vote for legalization of MJ and we all win.
Where is everyone, did you all go on vacation at the same time LOL
I cannot understand why these A-hole politicians can't grow some balls and legalize a "plant" that gives hope and relief to so many people, it's a proven fact and after more studies are done I believe MJ will have many more medical applications and cures. As far as recreational use is concerned, if it was legal and state regulated their would be less chance of minors obtaining it, because it wouldn't be available on every street corner like it is now. The Mexican cartels are not going to bother with MJ any longer if it's legal, therefore no more illicit profit going to the cartel's. Instead all the millions upon millions of dollars in tax revenue would go into the state chaffers and solve many fiscal problems. Not to mention that prohibition didn't work for alcohol (a much worse and additive drug) and it won't work for MJ in the long run. Let the state's and the Majority decide what they want, not the Feds. Vote for legalization of MJ and we all win.
California Gubernatorial Candidate Gavin Newsom to Keynote at National Cannabis Conference - CannabisRadio.com to Provide Live Streaming of Event
June 21, 2016 06:54 AM Eastern Daylight Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--California Lt. Governor (and former city of San Francisco Mayor) Gavin Newsom is expected to address his support of the cannabis legalization initiative in the State of California, the Adult Use of Marijuana Act. Newsom will keynote the 2016 National Cannabis Industry Association’s Cannabis Business Summit & Expo in Oakland, California.
“We encourage every stakeholder in the industry to tune in live to listen to the policy makers and market makers at this historic event”
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CannabisRadio.com is streaming his much-anticipated keynote speech at 11am Pacific on Tuesday, June 21st. Newsom, who is running for Governor of California in 2018, is a key supporter of marijuana reform and legalization and is an advocate of embracing a legitimate cannabis industry.
Cannabis Radio is providing exclusive roving reporter coverage of the event with interviews with industry luminaries, advocates, and business owners who will also be speaking at the National Cannabis Industry Association’s third annual national conference.
Immediately following the keynote address CannabisRadio.com invites listeners to tune in to a special broadcast of our Cannabis Confidential radio series featuring host “Dr.” Dina and her intensive one-on-one interview with actress Whoopi Goldberg.
Goldberg talks candidly about co-founding a new medicinal marijuana startup, called Whoopi and Maya with veteran cannabusiness entrepreneur Maya Elisabeth, featuring a product line geared towards women dealing with menstrual cramps.
“We encourage every stakeholder in the industry to tune in live to listen to the policy makers and market makers at this historic event,” said CannabisRadio.com President Brandy Shapiro-Babin.
About National Cannabis Industry Association (NCIA)
The National Cannabis Industry Association is the largest cannabis trade association in the U.S. and the only organization representing cannabis-related businesses at the national level. NCIA promotes the growth of a responsible and legitimate cannabis industry and works toward a favorable social, economic, and legal environment for that industry in the United States.
About CannabisRadio.com
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Release Summary
California Lt. Governor Gavin Newsom is expected to address his support of the cannabis legalization initiative in the State of California, the Adult Use of Marijuana Act.
Education
siness Wire
Gavin Newsom California's Lieutenant Governor "ROCKS" Go to Grass Roots Pod cast or Goggle his Name and see what he has to say.
Gavin Newsom California's Lieutenant Governor "ROCKS" Go to Grass Roots Pod cast or Goggle his Name and see what he has to say.
Darth you have to keep in mind that many doctors and medical publications are in bed with the pharmaceutical company's. They all know the many benefits of MJ in all it's various forms, there's no doubt about that. It's all about the bottom line and the far right wing old fogies, who can't let the stigma go, no matter how beneficial MJ is. The majority of American citizens want at least the deregulation and legalization of medical Marijuana and soon the peoples rights will overcome the mega pharmaceuticals and the antiquated stigma of MJ.
Darth you have to keep in mind that many doctors and medical publications are in bed with the pharmaceutical company's. They all know the many benefits of MJ in all it's various forms, there's no doubt about that. It's all about the bottom line and the far right wing old fogies, who can't let the stigma go, no matter how beneficial MJ is. The majority of American citizens want at least the deregulation and legalization of medical Marijuana and soon the peoples rights will overcome the mega pharmaceuticals and the antiquated stigma of MJ.
The forces that be are doing everything possible to bring down the whole MJ sector so they can get cheap shares before news of rescheduling etc. Unfortunately I put the rest of my dry powder in yesterday, a day early and a dollar short LOL. I'm not selling one share, I know this is going to be big. In fact if I can dig up some more cash I'll buy more. Buy or Hold very foolish to sell IMO. GLTA
Let's put the Green in Green Grow all this red is hurting my eyes.
Wish I would have waited one more day to buy more GRNH, I would have 2000 more shares for the same money if I would have bought today. Say-la-vee LOL
The forces that be are doing everything possible to bring down the whole MJ sector so they can get cheap shares before news of rescheduling etc. Unfortunately I put the rest of my dry powder in yesterday, a day early and a dollar short LOL. I'm not selling one share, I know this is going to big big. In fact if I can dig up some more cash I'll buy more. Buy or hold very foolish to sell IMO. GLTA
When we are filially listed as such, Up,UP and away we go. Buy now while the price is credulously cheap or you will be chasing later. GLTA
Name change please, not enough investors know we are an MJ company.
California to vote on Recreational legalization of MJ. If this happens and it looks likely, it will be huge and GRNH is poised well because it's located in California. The drought like conditions that pelage California bodes well for the use of Hydroponic company's like GRNH Because it uses much less water to grow any produce. With regular farming techniques all the soil around the plants must be saturated, using large amounts of water. With Hydroponics only the roots are in water, using much less water and reaping a much better organic produce. GLTA
Sorry guys wrong message board but this is still good news for WOFA as well if California passes legal rec. use bill. GLTA
California to vote on Recreational legalization of MJ. If this happens and it looks likely, it will be huge and GRNH is poised well because it's located in California. The drought like conditions that pelage California bodes well for the use of Hydroponic company's like GRNH Because it uses much less water to grow any produce. With regular farming techniques all the soil around the plants must be saturated, using large amounts of water. With Hydroponics only the roots are in water, using much less water and reaping a much better organic produce. GLTA
Nevada Opens Fast-Track Medical Marijuana Patient Office
Dispensaries in Nevada may see a rise in patients thanks to a new state medical marijuana patient processing office in Las Vegas where people with doctors’ recommendations can apply for and fill prescriptions the same day.
The office, which opened last week, is expected to greatly reduce application wait times, according to the Las Vegas Review Journal. Until now, patients had to mail their application to the capital, Carson City. It would often take weeks before they would receive their patient cards back in the mail.
The new office is the product of a partnership between the state and the Nevada Dispensary Association.
The state’s effort to speed up application processing shows that their views towards cannabis are improving, the head of the Nevada Dispensary Association, Riana Durrett, said.
“They’ve realized that this is medicine, and there’s no reason to delay someone getting it,” she said.
Daily News | Briefs | Nevada | Uncategorized
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More Big Rec Endorsements in California, Arizona
June 20, 2016
Minnesota MMJ Companies Scrambling
June 20, 2016
15 Illinois Dispensaries Still Waiting to Open
June 20, 2016
Chart of the Week: Cannabis Retailers Excel in Key Revenue
Nevada Opens Fast-Track Medical Marijuana Patient Office
Dispensaries in Nevada may see a rise in patients thanks to a new state medical marijuana patient processing office in Las Vegas where people with doctors’ recommendations can apply for and fill prescriptions the same day.
The office, which opened last week, is expected to greatly reduce application wait times, according to the Las Vegas Review Journal. Until now, patients had to mail their application to the capital, Carson City. It would often take weeks before they would receive their patient cards back in the mail.
The new office is the product of a partnership between the state and the Nevada Dispensary Association.
The state’s effort to speed up application processing shows that their views towards cannabis are improving, the head of the Nevada Dispensary Association, Riana Durrett, said.
“They’ve realized that this is medicine, and there’s no reason to delay someone getting it,” she said.
Daily News | Briefs | Nevada | Uncategorized
?
More Top News
June 21, 2016
Hemp Industry Facing Barriers to Commercialization
June 20, 2016
Willie Nelson’s Marijuana Company Hiring in Colorado
June 20, 2016
More Big Rec Endorsements in California, Arizona
June 20, 2016
Minnesota MMJ Companies Scrambling
June 20, 2016
15 Illinois Dispensaries Still Waiting to Open
June 20, 2016
Chart of the Week: Cannabis Retailers Excel in Key Revenue
Mudstacker say it ain't so why sell now, where right on the cusp of positive momentum. GLTA
More Big Rec Endorsements in California, Arizona
Recreational marijuana legalization initiatives in two states netted some notable endorsements on Monday.
In California, the state’s Democratic Party chapter announced its support of the Adult Use of Marijuana Act (AUMA), the rec initiative backed by billionaire Sean Parker. That makes it the first legalization measure to receive the formal support of a major statewide party.
The endorsement “underscores the responsible and consensus approach of the (AUMA) and strengthens what is already the largest, most enthusiastic and most diverse coalition ever assembled in support of a marijuana legalization effort,” campaign manager Brian Brokaw said in a press release.
Meanwhile, U.S. Rep. Ruben Gallego, a Democrat representing Arizona, came out in favor of the Marijuana Policy Project’s campaign to legalize adult-use cannabis in his state. Gallego said that regulating and taxing marijuana “represents a far more sensible approach to marijuana” for Arizona.
The endorsements both come on the heels of several other key announcements of support in California as well as Nevada for full legalization.
Daily News | Arizona Medical Cannabis Business & Marijuana Legal News | Briefs | California Medical Cannabis Business & Marijuana Legal News
?
More Big Rec Endorsements in California, Arizona
Recreational marijuana legalization initiatives in two states netted some notable endorsements on Monday.
In California, the state’s Democratic Party chapter announced its support of the Adult Use of Marijuana Act (AUMA), the rec initiative backed by billionaire Sean Parker. That makes it the first legalization measure to receive the formal support of a major statewide party.
The endorsement “underscores the responsible and consensus approach of the (AUMA) and strengthens what is already the largest, most enthusiastic and most diverse coalition ever assembled in support of a marijuana legalization effort,” campaign manager Brian Brokaw said in a press release.
Meanwhile, U.S. Rep. Ruben Gallego, a Democrat representing Arizona, came out in favor of the Marijuana Policy Project’s campaign to legalize adult-use cannabis in his state. Gallego said that regulating and taxing marijuana “represents a far more sensible approach to marijuana” for Arizona.
The endorsements both come on the heels of several other key announcements of support in California as well as Nevada for full legalization.
Daily News | Arizona Medical Cannabis Business & Marijuana Legal News | Briefs | California Medical Cannabis Business & Marijuana Legal News
Thanks Togmaster but I'm not new here I have been buying GRNH for over a year now, and am ready for the big push up. GLTA
Just bought another 32068 Shares I'm over a half million shares now and ready for the move. GLTA
We really need that name change to let investors know we are a MJ stock, then things will start to move and move big.
Just bought 15500 shares I'm all in now let's move this baby up. GLTA
Minnesota MMJ Companies Scrambling
Minnesota’s two medical marijuana businesses are racing the clock to get all of their dispensaries up and running.
Under Minnesota law, the two licensed cannabis companies in the state – LeafLine and Vireo Health – have until July 1 to open as many as four dispensaries each, according to the Minneapolis Star Tribune.
As of June 1, the companies had opened just three dispensaries combined, one in Minneapolis, another in Eagan and a third in Rochester.
Two more dispensaries have opened so far this month, in St. Cloud and Moorhead.
LeafLine and Vireo are now rushing to open the remaining three allowed under the law before the July 1 deadline. The dispensaries are slated for St. Paul, Bloomington and Hibbing.
Some critics say that the state should have more than eight dispensaries, arguing that even when all of them are open many patients will still live too far away.
Minnesota MMJ Companies Scrambling
Minnesota’s two medical marijuana businesses are racing the clock to get all of their dispensaries up and running.
Under Minnesota law, the two licensed cannabis companies in the state – LeafLine and Vireo Health – have until July 1 to open as many as four dispensaries each, according to the Minneapolis Star Tribune.
As of June 1, the companies had opened just three dispensaries combined, one in Minneapolis, another in Eagan and a third in Rochester.
Two more dispensaries have opened so far this month, in St. Cloud and Moorhead.
LeafLine and Vireo are now rushing to open the remaining three allowed under the law before the July 1 deadline. The dispensaries are slated for St. Paul, Bloomington and Hibbing.
Some critics say that the state should have more than eight dispensaries, arguing that even when all of them are open many patients will still live too far away.
The name change should be coming any day now. The DEA will be taking MJ off schedule 1, some positive news on that matter leaked out recently by a DEA lawyer. California will most likely vote for recreational use of MJ. Microsoft and other big corps. getting involved in the MJ business is huge. 20 states voting soon on MJ legalization plus Presidential elections coming in a few months. WOFA is very well positioned with smokeless treatment of pain relief etc. with cannastrips, We are Golden people. Get those shares while they are still on the cheap. I have been accumulating since last year.
Cannabis Company Plans Huge Grow Site in CA
A California marijuana company plans to build massive medical cannabis cultivation site in Desert Hot Springs, in the southern part of the state.
G FarmaLabs, based in Anaheim, said it received a conditional use permit from the city’s planning commission earlier this month that allows it to conduct an 18-month grow.
The company plans to use revenue from the temporary grow to fund construction of a permanent facility in Desert Hot Springs that G FarmaLabs said will total 102,000 square feet, according to a company video.
The permanent site will consist of three greenhouses, a processing and operations center, and a guard house, said G FarmaLabs, which owns and operates grow sites in Colorado and Washington. The company also makes infused products and vaporizing products.
Local residents have responded to the news with mixed reactions, ABC affiliate KABC reported. The project is expected to create money and jobs for Desert Hot Springs.
The town declared insolvency in 2014, but is currently experiencing something of a comeback, with land values rising and many new businesses opening, KABC reported.
“We anticipate the G FarmaLabs project will provide local jobs and spur up to $1 million in tax revenue allowing for more funding for police, education, health resources and infrastructure within the city,” Desert Hot Springs Mayor Scott Matas said in a statement, according to KABC.
Week in Review: Microsoft’s Big Cannabis Splash
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By Omar Sacirbey and John Schroyer
Microsoft makes a landmark foray into the marijuana business, an Arizona bank pulls the plug on a cannabis company’s crowdfunding effort, and a Denver MJ company scores a legal win.
Here’s a closer look at some notable developments in the marijuana industry over the past week.
Microsoft Isn’t Very Micro in Cannabis
Microsoft’s blockbuster disclosure about partnering with Kind Financial to go after government cannabis inventory tracking contracts shouldn’t alarm software companies already in that particular niche.
In fact, they may find wannabe partners knocking on their own doors.
That’s the opinion of two industry consultants. They reckon companies such as Denver-based MJ Freeway and Fort Lauderdale, Florida-based BioTrackTHC don’t have to fret over Microsoft dominating the space right away.
Why? Microsoft is using its Azure online cloud platform to host Kind Financial’s software – versus developing its own technology.
“If Microsoft said, ‘We developed a custom solution to target (government contracts),’ then that would be a more dominating force that would preclude competition,” said Mike Bologna, CEO of Denver-based Green Lion Partners, a marijuana consultancy. “But because it’s more of an existing tech platform … that leaves the door open for companies like MJ Freeway.”
MJ Freeway isn’t sweating it. “No, we don’t think this partnership will make it more difficult for us to win government contracts,” the company said in a statement, citing the “quality” of its product and other attributes.
Industry consultant John Conlin said Microsoft’s entry could even spur similar partnerships involving companies such as BioTrackTHC and Metrc (designed by a Florida tech firm), both of which have landed state contracts.
If he was in their shoes, Conlin said, “I’d look to partner with a big dog ASAP.” He figures that companies such as MJ Freeway, BioTrackTHC and Metrc are well positioned for partnerships.
Indeed. The New York Times reported Thursday another tech giant, Oracle, has been working quietly with New York state on tracking medical cannabis patients. That could change now that Microsoft has advertised its marijuana connection.
“This is just the beginning,” Bologna said of the Microsoft and Kind Financial partnership.
Week in Review: Microsoft’s Big Cannabis Splash
By Omar Sacirbey and John Schroyer
Microsoft makes a landmark foray into the marijuana business, an Arizona bank pulls the plug on a cannabis company’s crowdfunding effort, and a Denver MJ company scores a legal win.
Here’s a closer look at some notable developments in the marijuana industry over the past week.
Microsoft Isn’t Very Micro in Cannabis
Microsoft’s blockbuster disclosure about partnering with Kind Financial to go after government cannabis inventory tracking contracts shouldn’t alarm software companies already in that particular niche.
In fact, they may find wannabe partners knocking on their own doors.
That’s the opinion of two industry consultants. They reckon companies such as Denver-based MJ Freeway and Fort Lauderdale, Florida-based BioTrackTHC don’t have to fret over Microsoft dominating the space right away.
Why? Microsoft is using its Azure online cloud platform to host Kind Financial’s software – versus developing its own technology.
“If Microsoft said, ‘We developed a custom solution to target (government contracts),’ then that would be a more dominating force that would preclude competition,” said Mike Bologna, CEO of Denver-based Green Lion Partners, a marijuana consultancy. “But because it’s more of an existing tech platform … that leaves the door open for companies like MJ Freeway.”
MJ Freeway isn’t sweating it. “No, we don’t think this partnership will make it more difficult for us to win government contracts,” the company said in a statement, citing the “quality” of its product and other attributes.
Industry consultant John Conlin said Microsoft’s entry could even spur similar partnerships involving companies such as BioTrackTHC and Metrc (designed by a Florida tech firm), both of which have landed state contracts.
If he was in their shoes, Conlin said, “I’d look to partner with a big dog ASAP.” He figures that companies such as MJ Freeway, BioTrackTHC and Metrc are well positioned for partnerships.
Indeed. The New York Times reported Thursday another tech giant, Oracle, has been working quietly with New York state on tracking medical cannabis patients. That could change now that Microsoft has advertised its marijuana connection.
“This is just the beginning,” Bologna said of the Microsoft and Kind Financial partnership.
Jacob Javites Marjuana convention June 15th to the 17th. Hundreds of companies displayed their wares at the Cannabis World Congress and Business Expo at the Jacob Javits Center. Marijuana is becoming big business. As more states legalize it for medical and even recreational use, companies are looking to cash in. Hundreds of those companies displayed their wares at the Cannabis World Congress and Business Expo at the Jacob Javits Center in Manhattan.
Vacuum sealers, oils, sprays, pills, drops, lights, edibles, vaping devices, and all their suit-wearing purveyors filled a floor of the Javits Center to showcase the hundreds of tributary businesses now feeding into and out from the cannabis industry. "WOW" It's coming people MJ Billions of dollars business in the USA. Where going to be part of it. GLTA
Jacob Javites Marjuana convention June 15th to the 17th. Hundreds of companies displayed their wares at the Cannabis World Congress and Business Expo at the Jacob Javits Center. Marijuana is becoming big business. As more states legalize it for medical and even recreational use, companies are looking to cash in. Hundreds of those companies displayed their wares at the Cannabis World Congress and Business Expo at the Jacob Javits Center in Manhattan.
Vacuum sealers, oils, sprays, pills, drops, lights, edibles, vaping devices, and all their suit-wearing purveyors filled a floor of the Javits Center to showcase the hundreds of tributary businesses now feeding into and out from the cannabis industry. "WOW" It's coming people MJ Billions of dollars business in the USA. Where going to be part of it. GLTA
Looks like some last minute big buying 8 million vol. Someone must have heard me bitchin LOL
It's just strange the MJ sector is gaining in general today, lot's of good news coming in today and WOFA is tanking. Over 5 million volume lots of selling, I hope we start reversing tomorrow. Still long but [[[[[Nervous]]]]] have a lot of money invested here. Come on with the name change and some good PR WOFA.