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Cannabis Stocks are up again Today, on Safe Banking Legislation!!
Many, many Cannabis stock are up 6 to 10% today on speculation that the Safe Banking Legislation could be passed as early as NEXT WEEK!!
If that happens, we are going to see a HUGE explosion in price movement upward across the board!
Pennsylvania Lawmakers File Bill To Legalize Marijuana Sales Through State-Run Stores
Published 5 hours ago on May 4, 2023By Kyle Jaeger
Pennsylvania lawmakers have filed new bills to legalize marijuana sales through state-run stores and to provide permits for farmers and small agriculture businesses to cultivate cannabis once adult-use sales are allowed.
About two months after circulating a cosponsorship memo for the legalization proposal, Rep. David Delloso (D) formally introduced the legislation on Tuesday.
The bill, which is similar to a measure Delloso filed last session, would allow adults 21 and older to possess, consume, cultivate and purchase cannabis through a state stores system run by the Liquor Control Board.
“In the interest of the efficient use of law enforcement resources, enhancing revenue for public purposes and individual freedom, the people of this Commonwealth find and declare that the use of cannabis should be legal for individuals who are at least 21 years of age and should be taxed,” the text states.
Retail cannabis sales would be taxed at 19 percent, and all of that revenue would go toward the state general fund. The bill would also create a distinct regulatory scheme for industrial hemp.
Notably, the legislation, which has 20 initial cosponsors, also contemplates the possibility of allowing cannabis imports from other states or countries where marijuana is legal. It would also prohibit regulators from importing marijuana that is produced somewhere that doesn’t accept exports from Pennsylvania.
Lawmakers in several states have pursued interstate marijuana commerce legislation in anticipation of a federal policy change. Oregon and California have already enacted bills to that end, and similar legislation is on the desk of Washington State’s governor.
In a cosponsorship memo for the Pennsylvania bill that was first circulated in February, Delloso emphasized the harms of marijuana criminalization for individuals caught up in the drug war as well as the economic toll of enforcing prohibition. Meanwhile, implementing a legal cannabis market stands to generate hundreds of millions in tax revenue and thousands of jobs, he said.
“However, permitting private companies to sell cannabis in Pennsylvania could allow large corporations to take over the cannabis industry, putting profits before the well-being of our communities,” he wrote. “For these reasons, my legislation will legalize adult use cannabis through the current state store system in order to ensure the safety and integrity of cannabis sales in Pennsylvania.”
Sen. Marty Flynn (D) released a cosponsorship memo this year that also called on lawmakers to join him in support of forthcoming legislation to legalize marijuana through a state-run program, but his bill hasn’t been filed yet.
Gov. Josh Shapiro (D) proposed to legalize and tax adult-use marijuana with a private commercial market as part of his 2023-2024 budget request in March. It’s not clear if he’s open to the state-run system, which his predecessor signaled he backed as “an ideal way to distribute” cannabis.
Meanwhile, Rep. Melissa Shusterman (D) and 13 cosponsors also filed a new bill on Tuesday that seeks to establish a permitting process for farmers to cultivate cannabis for marijuana grower-processors after legalization is enacted.
“When adult-use cannabis is finally legalized in Pennsylvania, it is my belief that everyone should have accessible and equitable entry into the adult-use cannabis industry, including farmers and small enterprises,” a cosponsorship memo states. “Therefore, my legislation will establish a permit for farmers and other small agricultural ventures to grow and sell adult-use cannabis to existing grower/processors on a limited basis.”
The lawmaker sponsored separate legislation last session that would have expanded the number of medical marijuana cultivators in the state, prioritizing small farms to break up what she characterized as a monopoly or large corporations that’s created supply problems.
Marijuana Moment is tracking more than 1,000 cannabis, psychedelics and drug policy bills in state legislatures and Congress this year. Patreon supporters pledging at least $25/month get access to our interactive maps, charts and hearing calendar so they don’t miss any developments.
The prospects of enacting legalization increased in the Keystone State after Democrats took control of the House following last year’s election. Republicans have maintained control of the Senate, however, but there are certain GOP members like Sens. Dan Laughlin (R) and Mike Regan (R) who’ve backed reform.
In February, Laughlin also sent a letter to state law enforcement, urging officials to take steps to protect gun rights for cannabis consumers, particularly medical marijuana patients, in light of a federal court’s recent ruling on the issue.
Meanwhile, Reps. Dan Frankel (D) and Donna Bullock (D) circulated a cosponsorship memo in January about forthcoming cannabis legalization legislation that doesn’t mention utilizing a state-run model.
Laughlin and Sen. Sharif Street (D) filed a legalization bill in 2021, as did Reps. Jake Wheatley (D) and Frankel. But neither cleared the legislature by the end of the session.
Street took some advocates by surprise recently by joining other senators in urging a federal court not to authorize an overdose prevention site site in Philadelphia, while supporting a proposal to ban the harm reduction centers statewide.
How is a lower price seen as a "Buzzsaw" LOL
You crack me up. Why should anyone that is able to buy shares at these insane low prices feel that somehow a Buzzsaw is involved?
Debt Conversion is Done, it is over, finished, put a fork in it!!
No one is going to ring a bell for the all clear sign, watch the tape, LOL
PVSP balance sheet is much cleaner with that debt removed.
New PVSP with current shareholders owning 80% of the Equity, vs the current 13.5%, huge benefit for shareholders, once Artizen spin off is completed!!
LOL Market Cap $1.8M, Monthly Revenue 1.3M
Cannabis depressed multiply now 2 to 4 times annual revenue which means are Market Cap minimum should be 2 x 16M to 4 x 16M.
Market Cap should be $32M to $64 MILLION.
The current price is due to stock supply issues as debt conversion has been going on for over 1 year and is about over now, and the restructured PVSP will emerge soon with the spin off of Artizen Corp, which will be owned by current PVSP shareholders with equity going from 15% to 80%, huge opportunity for loyal shareholders.
Current PVSP shareholders get to keep their shares and will receive equal equity in new Artizen corp based on their equity ownership in PVSP prior to spin off!!
KRTL and Cannabis Global California Cannabis Deal!! PVSP own 5% KRTL
Cannabis Global and KRTL International Corp. Announce Exclusive Distribution Agreement for Huella Singani
May 02, 2023 09:30 ET | Source: Cannabis Global, Inc.
LOS ANGELES, May 02, 2023 (GLOBE NEWSWIRE) -- Cannabis Global, Inc. (OTC PINK: CBGL), a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, and KRTL International Corp., today announced, an exclusive distribution agreement for Huella Singani in California. Under the terms of the agreement, CBGL will partner with KRTL to be the exclusive distributor of Huella Singani in California.
KRTL International Corp., a wholly owned subsidiary of KRTL Holding Group, Inc. (OTC PINK: KRTL), has entered into an exclusive distribution agreement in which KRTL International Corp. can license a uniquely exclusive drink from Bolivia, Huella Singani. The territories include United States, Canada, Mexico, Colombia, Dominican Republic, and Jamaica.
Singani is a Bolivian spirit distilled from white Muscat of the Alexandria grapes grown in the Bolivian Andes. It is the country’s national distilled spirit and is considered part of its cultural patrimony. Huella is the first singani company in Bolivia to have successfully infused a non-psychoactive extract of the coca leaf into singani. Coca extract has been shown to have a variety of health benefits, including improved cognitive function, increased energy levels, and reduced inflammation. Huella Singani is committed to sustainability and nature. Huella’s process is 100% ecological down to bottles that are made from 100% recycled ecological glass.
KRTL International has fostered multiple relationships in Bolivia and has scheduled trip back to Bolivia and Chile in the month of May. We are using this trip to further our international business activity. Together with CBGL, KRTL is excited, and committed to bringing innovative beverages to the US. The company is focused on the introduction, logistics and planning process involving this commemorative event.
“CBGL has taken multiple steps in its restructuring program by cancelling significant debt without taking on additional debt or equity financing to further strengthen its position and effectively bring intrinsic value to this venture,” said Edward Manolos, CEO of Cannabis Global, Inc. “We are happy to report that the Company has maintained its current reporting with OTC Markets and is continuing in its efforts to complete the Company audit needed to once again become and SEC reporting company.”
“Huella Singani embodies a rich culture from Bolivia. We are very excited to be the first to introduce it to the North American and Caribbean markets,” said Nick Coss, Spirits Marketing & Logistics for KRTL International Corp.
Stampede is a Coming Soon!! Get on Board NOW!!!
Watch this thing run like the wind!
It is so undervalued that it is laughable, with current revenue around $20 MILLION and market cap value at less than $2 Million for the whole thing.
Company is worth $50 Million at the most conservative valuation today!
Artizen March Revenue $1.27 MILLION
We should be trading 2 to 4 times Revenue which means our market capitalization should be $34 to $50 MILLION, not less than $2 million where it is now.
Wake up people, 2023 forward will be the BIGGEST year ever for Cannabis and Artizen.
https://www.topshelfdata.com/wa/lacey/artizen-cannabis-company-1
Artizen February 23 Revenue $1.2 Million !!!
One month generates revenue worth more than our entire company market capitalization at this INSANE price.
This will NOT stand much longer, a Serious move North is about to happen!!!!
https://www.topshelfdata.com/wa/lacey/artizen-cannabis-company-1
Shareholder equity going from 15% to 80%, like a 4 for 1 forward Split!!
You get an automatic monster equity gain over 400% on PVSP shares that you own and continue to own after the spin off
You get NEW Shares in Artizen at the same % that you own PVSP. If you own 1% of PVSP you will get 1% of the NEW Artizen!!
Minnesota Senate passes marijuana legalization bill!!!
Another State Legalizes Recreational Marijuana!!!!!
Minnesota Senate passes marijuana legalization bill, bringing it closer to law than ever before
The Senate bill must be reconciled with House legislation that passed earlier this week.
By Ryan Faircloth Star Tribune APRIL 28, 2023 — 4:45PM
GLEN STUBBE/STAR TRIBUNE
Gallery: Sen. Lindsey Port, DFL-Burnsville, center, author of the marijuana bill, and other senators and staff including Sen. Clare Oumou Verbeten, DFL-St. Paul and Sen. Grant Hauschild, DFL-Hermantown, left, after the votes were counted and the bill passed Friday at the State Capitol in St. Paul.
The Minnesota Senate cast its first vote to legalize recreational marijuana Friday, pushing the proposal closer to becoming law than ever before.
Senators passed the DFL-led marijuana bill on a 34-33 vote, with all Democrats voting for it and all Republicans opposed. The House approved its marijuana bill Tuesday. The bills now head to a conference committee where their differences must be reconciled in a final version.
"Minnesotans are ready. Attitudes are changing. Now is our time to undo decades of ineffective and damaging prohibition," said Sen. Lindsey Port, DFL-Burnsville, who sponsored the marijuana bill and wore a bright green suit to commemorate Friday's vote.
Republicans argued that legalizing marijuana will do more harm than good, leading to worse rates of addiction and traffic fatalities.
"This bill simply isn't enough. Not enough for public safety, not enough for public health, and our local governments are really, really at the bad end of the stick of this," said Senate Minority Leader Mark Johnson, R-East Grand Forks.
DFL Gov. Tim Walz has said he will sign a marijuana bill if it reaches his desk. Once the two bills are merged, the House and Senate will hold final votes on the compromise version.
Both bills would allow Minnesotans 21 and older to buy up to 2 ounces of cannabis flower, 8 grams of concentrate and 800 milligrams worth of edible products at one time. Adults could also grow up to eight cannabis plants at home.
120M on BID with 35k on ASK
MM still are trying to hold it back, next week we break out!!
#4 on Breakout Boards - Lot of Eye Balls on us!!
Also interesting to see MM are front running again, stepping in front of the ASK and making BUYS look like SELLS.
Not letting Buyers hit the ASK.
https://investorshub.advfn.com/boards/breakoutboards.aspx
Legalizing cannabis is now at the top of the docket for the Minnesota Senate.
ST. PAUL, Minn. -- Legalizing cannabis is now at the top of the docket for the Minnesota Senate. The bill is likely to pass with a vote expected some time Friday. It's very similar to the one the House passed earlier this week, but with some slight differences.
The Senate's version includes a 10% tax on cannabis products -- 2% higher than what was passed in the House. This bill also allows people to have up to 5 pounds of cannabis in their home, whereas the House limits it to 1.5 pounds.
RELATED: What legal marijuana could look like in Minnesota
Local governments would also be allowed to limit the number of cannabis businesses under the Senate's plan. The House plan doesn't have a cap.
Expungements would also go into effect in 2025 under the Senate's bill, which is much later than the House's version that is effective this August.
Debate began Friday in the Senate. The main thing some Republican Senators have stressed is their worry over public health and public safety. They feel the bill is premature.
GOP Sens. Mark Johnson and Carla Nelson held a press conference that lasted for about a half hour. They said they worry that passing a cannabis bill at the state level takes control away from local leaders about how they want to regulate cannabis sales.
Another issue they foresee is putting more pressure on police when it comes to ensuring public safety, especially when it comes to people potentially driving under the influence of marijuana.
"Our law enforcement is against this bill. There are just too many questions about how, if, we can ensure public safety. Number one is we don't have a reliable road test," Nelson said.
They're also worried that increased marijuana use would lead to more substance abuse, and that local governments wouldn't have any control when it comes to regulating marijuana sales.
"The reality is the implications of this particular bill that's up today on the senate floor are very dire for the state of Minnesota and it's not a joking matter," said Johnson said. "The bill is simply not ready."
Supporters of the bill say those concerns are being addressed.
"It's had an enormous amount of public input and public vetting, we know the issues about public safety. We know the issues about public health," Sen. Ryan Winkler said. "To the extent that we can address those issues and put funding into local communities, funding into public health, we are doing that.
Winkler is the chairman for "Minnesota is Ready." A group that's been pushing for legalizing marijuana. He highlighted the positives of a potential cannabis law, including automatically expunging low level cannabis convictions from people's criminal records.
"This bill is ready. And Minnesota is ready for cannabis legalization. People know adults can make responsible decisions for cannabis and the system of prohibition for so long hasn't worked," said Winkler.
Once the Senate passes its version then members from both the House and Senate will have to get together to work out their differences before a final version heads to the governor's desk. Gov. Tim Walz says he intends to sign the bill once it gets there.
Minnesota Senate to vote on legalizing marijuana Today!!!
The Senate vote comes after the House passed the bill on Tuesday.
By Ryan Faircloth Star Tribune APRIL 28, 2023 — 11:01AM
DAVID JOLES, STAR TRIBUNE FILE
Sen. Lindsey Port and Rep. Zack Stephenson heft the nearly 300-page bill that would legalize marijuana in Minnesota. The House passed Stephenson’s bill on Tuesday.
The Democrat-led effort to legalize recreational marijuana in Minnesota will face its toughest test yet Friday when the state Senate votes on the bill.
The measure, which the House approved on Tuesday, will need support from every Democrat in the Senate to pass. Democrats control the chamber by a razor-thin 34-33 margin.
If passed, both the Senate and House bills will be sent to a conference committee where their differences will be reconciled into a final version. The House and Senate would then hold final votes on the compromise bill.
DFL Gov. Tim Walz has said he will sign the marijuana bill if it reaches his desk.
Both bills would allow Minnesotans 21 and older to buy up to two ounces of cannabis flower, eight grams of concentrate and 800 milligrams worth of edible products at one time. Adults could also grow up to eight cannabis plants at home.
Some differences would have to be worked out, particularly around the issues of at-home marijuana possession and the tax rate for products.
Under the Senate bill, Minnesotans who grow their own marijuana could possess up to five pounds of consumable flower in their homes, while those who acquire their marijuana elsewhere could possess no more than two pounds.
The House bill imposes a private possession limit of 1½ pounds across the board.
Senate Democrats are also proposing a higher tax of 10% on cannabis products, while the House bill would enact an 8% gross receipts tax over the next four years.
PVSP $4 on Breakout Boards!!!
i
www.nvestorshub.advfn.com/boards/breakoutboards.aspx
Audited Financials may be DONE and Ready to Go!!
Told you they are done .0006 on ASK
5m on BID at .0005!!!
MM are handling the converted shares
Mommoth is the Note holder that converted their debt into 175M shares. They arrange for mm to handle the liquidation of those shares to cash.
MM are offering/selling Shorted shares at ASK and by end of day they will cover those positions with the Mommoth Shares that they are processing for Mommoth.
No one is dumping shares, Brad at Mommoth needs the cash, even though he is getting back less that 20 cents on the dollar that he provided to Pervasip. My estimation he may realize about $70k for the 175m shares.
That is about what 400 shares of Tesla would cost you, LOL
We as share holders get our debt reduced and have an opportunity to buy up these super, super cheap shares.
Lawmakers reintroduce SAFE Banking Act, a bill the cannabis industry hails as a lifeline
MARIJUANA
PUBLISHED THU, APR 27 202312:52 PM EDT
UPDATED 4 HOURS AGO
Stefan Sykes
@THESTEFANSYKES
KEY POINTS
Lawmakers from both parties reintroduced the Secure and Fair Enforcement (SAFE) Banking Act, which the cannabis industry views as a financial lifeline.
The legislation is expected to go before the Senate Banking Committee, a key step toward what would be the first Senate vote on the measure.
The bipartisan proposal would ensure that legal cannabis businesses have access to critical banking and financial services.
A group of bipartisan lawmakers reintroduced the Secure and Fair Enforcement (SAFE) Banking Act in the House and Senate on Wednesday, after the legislation designed to free up banking services for the cannabis industry stalled in last year’s Congress.
The bill, which has been tweaked since last session, was introduced by Sen. Jeff Merkley, D-Ore., Sen. Steve Daines, R-Mont., Rep. Dave Joyce, R-Ohio, and Rep. Earl Blumenauer, D-Ore.
If the critical banking and financial protections advance through committees, they could see a vote on the Senate floor for the first time. The bill, which has always had strong bipartisan support, passed in the House seven times previously.
“For the first time, we have a path for SAFE Banking to move through the Senate Banking Committee and get a vote on the floor of the Senate,” Merkley said in a statement. “Let’s make 2023 the year that we get this bill signed into law so we can ensure that all legal cannabis businesses have access to the financial services they need to help keep their employees, their businesses, and their communities safe.”
Senate Majority Leader Chuck Schumer, D-N.Y., expressed his support for the legislation on Thursday and said he would work to make sure the legislation includes criminal justice provisions when it reaches the floor.
I say they are DONE Conversion!!!
Look at the tape, they are DONE.
106M on BID, 1M on ASK
Looks like another 18M Converted Today
16.6M Converted Tuesday
18M Converted Wed
18M Converted Thurs
That is over 50M just in 3 days
They have to close to done, probably want it finished before announcing Audited Financials and the Spin Off of Artizen!
Texas House Passes Marijuana Decriminalization Bill
Forbes
Texas House Passes Marijuana Decriminalization Bill
A.J. Herrington
Contributor
Apr 26, 2023,05:01pm EDT
The Texas House of Representatives on Wednesday gave preliminary approval a bill to decriminalize the possession of small amounts of marijuana. The legislation, House Bill 218, was approved on its second reading by members of the House with a voice vote Wednesday afternoon, leaving one more vote in the chamber before final passage, according to a report from Marijuana Moment.
Pot producers UP 8% on NEWS Banking Legislation
Numerous reports of the New Banking reform for Cannabis companies has market moving in anticipation of passage this time!!
18M Converted today, they are stepping it UP!
Let's get er done!!
The last 175M conversion was 6 months ago, which is less than 30M a month to sell, and we just did nearly 40M in couple days.
Can't be much left
Money Never Sleeps, LOL
Like your energy, many have fallen asleep as you can see.
MM are Shorting the ASK for debt Conversion
Those shares being bought at the ASK are MM shorted shares that they cover at end of day with the Conversion shares they have in hand. The T trades are shown in Purple on the tape, as the cover trade was below the BID at .000399 today.
People are not Selling PVSP shares they are accumulating share for the spin off.
The debt holder that is converting must really need any cash he can get.
Texas House To Vote On Marijuana Decriminalization Bill,
As Committee Takes Up Broader Legalization Proposal
Published 59 mins ago on April 25, 2023By Kyle Jaeger
The Texas House of Representatives will vote on a bill to decriminalize marijuana on Wednesday—on the same day that a committee is scheduled to take up a broader cannabis sales legalization proposal.
The full House will act on the decriminalization legislation, which would also create a process for expunging marijuana conviction records, that’s being sponsored by Rep. Joe Moody (D).
Meanwhile, the House Licensing & Administrative Procedures Committee will hold a hearing on another bill from Moody that would allow adults 21 and older to possess and purchase cannabis from licensed retailers, and cultivate up to 12 plants for personal use.
The floor vote on the decriminalization measure comes about a month after the House Criminal Jurisprudence Committee unanimously passed it. The bill would remove the risk of arrest or jail time for low-level possession of cannabis and allow people to eventually erase cannabis issues from their criminal records.
The House has already passed similar cannabis decriminalization proposals during the past two legislative sessions, in 2021 and 2019. But so far the proposals have consistently stalled in the Senate amid opposition from Lt. Gov. Dan Patrick (R), who presides over the chamber.
HB 218, the bill heading to the floor, combines two separate measures from last session, both of which passed on the full House.
It would make possession of up to one ounce of marijuana a Class C misdemeanor, removing the risk of jail time and instead imposing a maximum fine of $500. Existing law classifies possession of small amounts of cannabis as a Class B misdemeanor, which carries penalties of up to 180 days in jail and up to a $2,000 fine.
The bill also specifies that possession of up to two ounces of cannabis would not result in an arrest, meaning violators would be cited and released. Further, people with possession convictions for up to two ounces of marijuana could seek to have those convictions expunged through a court process for a $30 fee.
Meanwhile, the legalization bill that’s heading to committee would allow adults to purchase, possess and gift up to 2.5 ounces of cannabis. They could also grow up to 12 plants, so long as they’re kept in a secure, enclosed space.
The Texas Department of Licensing and Regulation would be responsible for administering the program, including developing a process to license marijuana businesses.
The bill, HB 3562, proposes a 10 percent tax on cannabis products, and revenue would go to local municipalities where marijuana businesses are operating (10 percent), counties where those businesses are located (10 percent), a “cannabis testing and quality control fund” (one percent) and administrative costs. The remainder would support a public school teachers fund.
Localities couldn’t ban marijuana businesses in their area, though they could set rules “governing the hours of operation, location, manner of conducting business, and number of cannabis growers, cannabis establishments, or cannabis testing facilities.”
It doesn’t appear that the bill proposes to take any specific steps to support social equity goals, such as expungements or licensing prioritization for people from communities that have been disproportionately impacted by the war on drugs.
PVSP Twitter: $1.2M Revenue, it all adds UP
Pervasip Corp
@PervasipC
·
1h
$PVSP Excited about Oregon! A beautiful garden facility and planning to access 50 retail stores by year-end with 5 - 7 of our strains. Projecting about $1.2M in annualized revenues to start as we carefully take our brand to market, with tremendous upside from there
Hey who is taking all my .0005's, LOL
Minnesota House near passage of marijuana bill; Senate to vote Friday
Brian BakstSt. PaulApril 24, 2023 4:48 PM
Minnesota House near passage of marijuana bill; Senate to vote Friday
Updated: April 25, 12:10 a.m. | Posted: April 24, 4:48 p.m.
Minnesota’s foray into legal marijuana neared its first major decision point as the state House moved to the brink of passing a bill that establishes a seed-to-sale program and streamlines a process for clearing prior criminal offenses off records.
The House debated the bill for nearly three hours Monday night but delayed a final vote until Tuesday.
The House vote that will come during daylight hours Tuesday– along with one set for Friday in the Senate – won’t end the debate. Differences in the two versions would have to be reconciled before anything reaches Gov. Tim Walz, who supports permitting adults over 21 to buy, possess and use cannabis.
But if a bill passes before May 22, Minnesota’s marijuana landscape would change starting this summer.
“Cannabis will be no longer illegal this summer,” said the bill’s lead sponsor, Rep. Zack Stephenson, DFL-Coon Rapids. “The regulation, rulemaking and licensing process will take many more months. Beyond that you will of course also be able to home grow starting this summer, so it will be a while before Minnesotans can expect to see a dispensary open up.”
Opponents of the bill acknowledged the votes appeared stacked against them. They attempted to alter the plan to give local officials more say in how cannabis is sold, provide law enforcement more tools to spot impairment and reduce fallout from addiction and youth use.
“We saw sort of the consequences of rolling out the edibles last year with no framework and no guidance. And it was a train wreck,” said Rep. Kristin Robbins, R-Maple Grove. “And we don't want that to happen with legalization of marijuana because this will have even more significant consequences.”
The Minnesota House takes a roll call vote at the Minnesota State Capitol in St. Paul during its session on Monday.Ben Hovland | MPR News
As the House debated the bill, Rep. Dave Baker, R-Willmar, tried unsuccessfully to increase the legal purchase age to 25, citing concerns over the drug's effect on brain development.
“Let's get it right out of the gate because if it goes in now at 21, it ain't changing,” Baker said.
Rep. Jessica Hanson, DFL-Burnsville, spoke against the change.
“We allow 21-year-olds to legally consume toxins like alcohol, nicotine and tobacco,” Hanson said. “We allow 18-year-olds to gamble, join the military, work in dangerous facilities and to serve those toxins to other people and, in my opinion, one of the more dangerous ones -- to get married, right? Unless and until we are going to stop all potentially life-altering decisions from happening before 25, we really can't start with cannabis."
The House also rejected an amendment that would have capped THC levels in cannabis products sold under the new system.
“We really need to limit the access that our young people have to these high potency THC levels because it’s really harmful to their brain development,” Robbins said, citing concerns among some in the medical community about the effects of high potency marijuana, but her amendment was defeated on a voice vote.
Republicans were also unsuccessful in trying to change the bill to allow local governments to prohibit cannabis businesses from operating in their communities and to have the power to issue or deny licenses for events involving cannabis.
Noting that the bill does require local governments to license cannabis businesses, Stephenson said he was trying to strike a balance.
“States that have allowed opt outs, that's where the illicit market continues to thrive and grow,” he said. “We need to have a uniform set of cannabis standards across the state to make sure that we're doing the best we can to curb the illicit marketplace and move to a legitimate marketplace with consumer protections and controls.”
The legislation also sets up a tax structure for both cannabis and products containing hemp-derived THC, which were given the state’s blessing last year. House and Senate sponsors differ over what that tax should be, with the House version starting higher and falling as the industry matures; the Senate bill keeps it constant.
Stephenson said the elastic tax fits with his philosophy that the taxes merely cover the cost of regulations and to foster a buildout of a legal market.
Another facet of both bills is an expungement process to wipe prior marijuana convictions off of records, automatically in the case of low-level crimes and through a crisper process for those with extenuating factors.
The vote on the cannabis bill in the House didn’t appear to line up along party lines.
One DFLer, Rep. Gene Pelowski of Winona, has said he was against legalization after also having voted against the bill when it cleared the House in 2021.
Republican Rep. Nolan West of Blaine said he would vote for it. At a morning news conference, he railed against what he saw as flaws in the licensure, social equity goals, treatment of hemp products and other aspects. But he said voting for the bill would probably land him on a House-Senate committee to work on a final version.
A state rep speaks into a mic on the House floor.
“We saw sort of the consequences of rolling out the edibles last year with no framework and no guidance. And it was a train wreck,” said Rep. Kristin Robbins, R-Maple Grove.Ben Hovland | MPR News
West said he remains concerned about abuse and about security of a nascent industry given that marijuana lacks legal status on the federal level.
“Unfortunately, even legal marijuana businesses are cash businesses,” West said. “And we've seen in other states, they become targets for burglary.”
The bill would permit people to keep up to 1.5 pounds in their home. They could transport and give away two ounces legally to a person of age, but would need to be a licensed business to sell larger quantities.
Robbins said those amounts were concerning to her.
“Two ounces is enough for 168 joints,” she said. “The 1.5 pounds you're allowed to legally keep in your home is enough for 2,043 joints.”
Stephenson said the long-standing prohibition of the drug hasn’t worked and it’s time to let people make responsible decisions about the drug.
“This is a historic day for Minnesotans who have been waiting for cannabis legalization for many, many years,” he said. “We're going to get the job done this year.”
The roll call board is lit up affter a recent vote
The bill would permit people to keep up to 1.5 pounds in their home. They could transport and give away two ounces legally to a person of age, but would need to be a licensed business to sell larger quantities.Ben Hovland | MPR News
Me thinks the Conversions may be DONE!!
Been a few weeks now, if they are, it is off to the RACES!
Banking Bill is nearly as BIG as Legalization
Really important to get this done so we can access the financial markets for capital and also to allow normal business banking services, like writing a check, LOL
More important is that it will allow Cannabis companies to DEDUCT business expenses like every other business, gain access to new business financing programs etc.
Delaware Bill to Legalize marijuana to become Law!!!
Delaware Governor Carney drops opposition to marijuana legalization
The governor said Friday that he will allow bills legalizing recreational marijuana use by adults in the state.
AP logo
Friday, April 21, 2023 4:46PM
Delaware governor drops opposition to marijuana legalization
Delaware Gov. John Carney says he will not veto legislation legalizing recreational marijuana use by adults in the state.
Delaware Gov. John Carney says he will not veto legislation legalizing recreational marijuana use by adults in the state.
DOVER, Delaware -- Delaware Gov. John Carney said Friday that he will allow bills legalizing recreational marijuana use by adults in the state and authorizing the establishment of a state-licensed and regulated cannabis industry to become law without his signature.
The Democratic governor's move marks a turnaround from last year, when he vetoed a legalization bill championed by fellow Democrats. That led to a failed veto override attempt by House Democrats.
Just last month, Carney's office said he continued to have strong concerns about the unintended consequences of legalizing marijuana for recreational use, including the effects on young people and highway safety.
"I want to be clear that my views on this issue have not changed. And I understand there are those who share my views who will be disappointed in my decision not to veto this legislation," Carney said in a prepared statement Friday. "I came to this decision because I believe we've spent far too much time focused on this issue, when Delawareans face more serious and pressing concerns every day. It's time to move on."
"I remain concerned about the consequences of a recreational marijuana industry in our state," Carney added. "I'm concerned especially about the potential effects on Delaware's children, on the safety of our roadways, and on our poorest neighborhoods, where I believe a legal marijuana industry will have a disproportionately negative impact. Those concerns are why I could not put my signature to either House Bill 1 or House Bill 2.
The legalization bill allows people 21 and older to possess up to 1 ounce (28 grams) of leaf marijuana, 12 grams of concentrated marijuana, or marijuana products containing up to 750 milligrams of the psychoactive compound THC. Possession of more than an ounce of marijuana and public consumption would remain misdemeanors. The bill also prohibits people from growing their own marijuana for personal consumption.
The separate industry-creation bill calls for state officials to issue up to 30 initial retail marijuana licenses, 30 manufacturing licenses, 60 cultivation licenses and five testing licenses. It includes special license pools for "social equity" and "microbusiness" applicants.
The Democrat-controlled Senate voted 16-4 last month for the legalization bill after it cleared the Democrat-led House on a 28-13 vote. The industry bill was approved by votes of 27-13 in the House and 15-5 in the Senate. The industry bill required a three-fifths supermajority because it creates a new tax in the form of a 15% levy on retail sales.
Veto overrides also require three-fifths votes in both chambers, meaning 25 in the House and 13 in the Senate.
Delaware Democrats have tried for years to legalize recreational marijuana use for adults. The marijuana bills are essentially the same as legislation considered last year, but the election of several progressive Democrats in November helped increase support for the legalization bill and gain the required supermajority for the industry bill. It also likely would have improved chances for overriding any vetoes by Carney.
GOP lawmakers have been mostly united in opposition to legalization, although three Republican House members voted for the legalization bill and two voted for the industry bill. In the Senate, the legalization bill received one GOP vote, while the industry bill passed on a straight party-line vote.
Opponents have argued that legalization and creation of a state marijuana industry will lead to increased marijuana use among teens and young adults that could affect their cognitive development, expose business owners to liability and result in more traffic deaths and injuries. They also say it will do little to eliminate illegal sales.
Supporters say neither bill changes laws regarding driving under the influence and that public consumption of marijuana would be prohibited. They also say employers will be able to test workers for marijuana and discipline employees for being under the influence at work. Supporters also argue that a state-regulated industry will reduce illegal black market sales, create jobs and generate more tax revenue.
To date, 21 other states have passed laws legalizing recreational use of marijuana by adults.
Good see fellow LONGS focus on the Business
Buffett and Graham have long preached to those that would listen, that the only thing that matters in investing is the intrinsic value of the company and its future profits and revenue growth. The last thing that will predict the future success of any company over time, is the current Share Price and the fools that try to predict every single tic up or down borders on insanity.
I personally have no problem with the extremely undervalued share price, it means I can more equity for a lower cost, and I buy nearly every week, as unlike some, I am not a fortune teller and can not predict the future. LOL
Harvest and distribute our first products late summer 2023 in Oregon!!!!!!!!!!
Revenue Growth will EXPLODE!!!!
"The Company plans to harvest and distribute its first products late summer 2023 and rapidly expand its Oregon retail footprint. Current production will be limited to 280 lights, allowing for a measured market entry and will be supplemented with value added products sourced through local partnerships."
If you are trying to out trade the MM Algorithms good luck
First off no one here has the cash to compete with a dozen MM doing their trading thing and you don't have too.
Invest in the future of Artizen and Pervasip based on their Business prospect and the kind of earnings they will return in the future as Cannabis continues to grow and expand over the entire world.
The numbers are staggering, over $57 BILLION dollars in Global sales by 2026, and the US and Canada are projected to top $72 BILLION by 2030.
Tons and tons of MONEY are going to be made in this industry, but it will take sometime and it will not be next week, or next month LOL
Outstanding Decision to launch wholly owned Subsidiary, Artizen Oregon
Fantastic NEWS, never liked licensing the Artizen brands to another in stare operator, much better to do the whole thing ourselves and totally control operations and distribution etc. To build huge value we need to own the operations, welcome Artizen Oregon!!!!
"Rather than licensing the Artizen brands to an in-state operator, Artizen is entering the market with a wholly owned subsidiary, Artizen Oregon. The company plans to leverage its cultivation and distribution expertise to operate a modern grow and processing facility in Ashland, an agricultural center in southern Oregon. "
LOL some still chase the price
The trading price is irrelevant to the overall success of PVSP, has nothing to do with VALUE of Company. Price is a function of Supply and Demand or money flow. Add in a bunch of very active Short Sellers MM and others looking for a fast buck and the price can go anywhere.
Do your DD and decide if the Enterprise Value of the Company is attractive, the stock price is simply the current cost to access that value.
This is dirt cheap and the recent conversions are the main reason. The Stock Price is a market Gift, take it, LOL
PVSP Shareholders to get 4 time the share Equity on Spin Off
PVSP common shareholders currently own about 15% of the equity of the company, but after spin off of Artizen we will get 80% of the equity of the company and the remaining 20% will be used for future acquisitions, expansion, securing loans, raising capital etc.
Nice deal for loyal shareholders!!!