Archive for December, 2018

Unlicensed medical marijuana shops face another deadline to shut down

December 31st, 2018

CLOSE

Some things you need to know about legalized recreational marijuana in Michigan.
Mike Thompson, Detroit Free Press

More than 70 owners of unlicensed medical marijuana businesses are once again facing a choice: shut down until they get a license from the state or jeopardize their chance of getting a license at all.

The state set the Dec. 31 deadline for the unlicensed businesses, most of them medical marijuana dispensaries, after a state judge ruled that the state couldn’t enforce earlier deadlines.

On Friday, state Court of Claims Judge Stephen Borrello dismissed the last lawsuit against the state filed by some unlicensed marijuana business owners who had been operating under emergency rules while their license applications were pending.

As a result of the dismissal, the state is enforcing the Dec. 31 deadline.

“It is very important for temporarily operating applicants to understand that any operation after Monday may be considered an impediment to licensure,” said David Harns, spokesman for the state Department of Licensing and Regulatory Affairs.

The state has been trying to shut down those temporary operators in order to more quickly establish a fully regulated and taxed medical marijuana market in Michigan. They set a

Article source: https://www.freep.com/story/news/marijuana/2018/12/31/medical-marijuana-michigan-licenses/2451540002/

3 Medical Marijuana Stocks to Buy

December 31st, 2018

Often, when analysts or bloggers talk up the potential of marijuana stocks, the focus is on the consumer side of the industry. But some of the best stocks in the pot sector may be medical marijuana stocks.

Indeed, it’s on the medical side where growth likely is to be largest in the near term. Canada did legalize recreational marijuana in October, but investors promptly sold the news in response. U.S. legalization is likely to be a long slog. Attitudes are mixed in Europe — but even in legalized markets anywhere, black market (and untaxed) operators will be able to take share.

Meanwhile, approval of medical marijuana (in the U.S. and elsewhere) seems to be moving at a faster pace. In such a highly regulated market, black market and even smaller producers likely will be shut out. Quality and consistency will be key. Here, scale will matter. And those companies that win early have the best chance of becoming market leaders — and providing big gains for investors.

As always — and particularly in this space — investors need to mind the risks and size positions accordingly. But for investors who see medical marijuana stocks as the next big thing, these 3 are the best stocks with which to start due diligence.

Medical Marijuana Stocks: Charlotte’s Web (CWBHF)

Charlotte’s Web (OTCMKTS:CWBHF) has become one of the leading players in CBD oil (cannabidiol). And though Charlotte’s

Article source: https://investorplace.com/2018/12/3-medical-marijuana-stocks-to-buy/

Break-in reported at medical marijuana shop in Detroit’s Corktown

December 31st, 2018


DETROIT – A break-in was reported early Monday morning at a medical marijuana shop in Detroit’s Corktown.

The break-in happened at BotaniQ, a medical pot facility owned by former Detroit TV anchor Anqunette Sarfoh (Jamison).

Related: Former Detroit TV anchor opens medical marijuana shop in Corktown

It’s unclear what was taken from the business, which opened just a couple of months ago. 

While recreational marijuana is now legal in Michigan, users can’t purchase product just yet — unless

Article source: https://www.clickondetroit.com/news/break-in-reported-at-medical-marijuana-shop-in-detroits-corktown

Medical Marijuana, Weather Woes Among Popular South Central Topics in 2018

December 31st, 2018

At first glance it might seem that 2018 was a “slow news” year in the South Central states of Arkansas, Louisiana, Oklahoma and Texas. After all, the region escaped the devastation of a major hurricane, and while tornadoes and hailstorms are inescapable, damage from those types of severe weather events was relatively restrained, and the always contentious and newsworthy Texas legislature was not in session (wait ’till next year).

Still, there was plenty of interesting insurance-related news from the region to digest last year. Following is a summary of the most popular SC topics and stories that caught our readers’ eyes in 2018.

Medical Marijuana

Interestingly, some of the most read articles in IJ’s South Central region last year were reports on the status of legalized medical marijuana programs.

Hail

Hail is always an important topic for the insurance industry in South Central states, especially in Texas and Oklahoma, even if there are no mega-major hail events (and there was at least one billion-dollar occurrence in Texas last year).

Hurricane Harvey

Hurricanes, too, are inescapable along the Gulf Coast and while, fortunately, no Harvey-like storm hit the coasts of Louisiana or Texas in 2018, repercussions from that monstrous

Article source: https://www.insurancejournal.com/news/southcentral/2018/12/31/513150.htm

Would recreational pot affect Illinois’ medical marijuana?

December 30th, 2018

The need for a statewide medical-marijuana program won’t go away if the Illinois General Assembly and Gov.-elect JB Pritzker approve recreational use of cannabis in 2019, advocates of marijuana legalization say.

Those crafting legislation to allow production and sales of recreational marijuana plan to include provisions ensuring that patients in the medical pilot program have an adequate selection of products specifically geared for medical use, according to state Sen. Heather Steans, D-Chicago.

It’s unknown how the startup of a recreational marijuana market in Illinois will affect enrollment in the state’s highly regulated medical-marijuana program, said Steans, a leader in the push to make recreational use legal.

But supporters of recreational use don’t want to put medical-marijuana patients in a bind, she said.

“We are going to touch the medical program as little as possible,” Steans told The State Journal-Register last week.

Advocates expect recreational sales to quickly overtake medical sales. But they say people in the medical program likely would pay less for cannabis products because excise taxes on recreational products are expected to be significantly higher than for medical-marijuana products.

“We haven’t seen huge drop-offs right in the beginning,” said Karmen Hanson, a Denver-based cannabis policy analyst for the National Conference of State Legislatures.

Enrollment cards that currently cost medical-marijuana patients $100 per year in Illinois also give those patients access to certain products that may not be produced for recreational users or popular among them, marijuana advocates said.

Those products include cannabis-infused suppositories, lotions, nasal sprays and transdermal patches.

Products geared toward the medical

Article source: https://www.pjstar.com/news/20181230/would-recreational-pot-affect-illinois-medical-marijuana

Oregon District medical marijuana store gets OK; some neighbors not happy

December 30th, 2018

A medical marijuana shop planned for the Oregon District is moving forward after being redesigned to try to quash criticism that it looked too much “like a Wendy’s.”

The Dayton Landmark Commission this month approved the revised plans for the Strawberry Fields dispensary proposed for 333 Wayne Ave., as long as the color scheme met certain conditions.

“It certainly looks a lot better to me than the original” design, said Fred Holley, a member of the landmark commission.

But some Oregon District residents disagree. They think the revised design does not preserve the character of the building and is wrong for the area.

“Both designs look like they belong in the suburbs, not at a prominent historic thoroughfare and entrance-way to Dayton’s oldest historic district,” resident Monica Snow wrote in an e-mail to the landmark commission.

MORE: Oregon District medical marijuana shop design criticized: ‘This looks like Wendy’s’CannAscend Ohio LLC wants to open a new medical pot dispensary at the Wayne Avenue location.

The building was constructed as an auto service shop in 1947, which post-dates the Oregon District’s period of historical significance of roughly 1830 to 1920, city officials said.

The auto shop was modified to be a travel agency in the 1980s.

In November, Oregon District neighbors and historic preservationists strongly criticized the initial design of the pot dispensary, saying it looked like a fast-food restaurant that belonged in the suburbs.

The dispensary’s architect was asked to modify and re-submit a design that better maintained the historic character of the shop.

Earlier this month, the architect returned

Article source: https://www.daytondailynews.com/news/local/oregon-district-medical-marijuana-store-gets-some-neighbors-not-happy/37RWblLs8umh2VZDSoTx4K/

How would recreational pot affect Illinois medical marijuana? – The State Journal

December 30th, 2018

The need for a statewide medical-marijuana program won’t go away if the Illinois General Assembly and Gov.-elect J.B. Pritzker approve recreational use of cannabis in 2019, advocates of marijuana legalization say.

Those crafting legislation to allow production and sales of recreational marijuana plan to include provisions ensuring that patients in the medical pilot program have an adequate selection of products specifically geared for medical use, according to state Sen. Heather Steans, D-Chicago.

It’s unknown how the startup of a recreational marijuana market in Illinois will affect enrollment in the state’s highly regulated medical-marijuana program, said Steans, a leader in the push to make recreational use legal.

But supporters of recreational use don’t want to put medical-marijuana patients in a bind, she said.

“We are going to touch the medical program as little as possible,” Steans told The State Journal-Register last week.

Advocates expect recreational sales to quickly overtake medical sales. But they say people in the medical program likely would pay less for cannabis products because excise taxes on recreational products are expected to be significantly higher than for medical-marijuana products.

“We haven’t seen huge drop-offs right in the beginning,” said Karmen Hanson, a Denver-based cannabis policy analyst for the National Conference of State Legislatures.

Enrollment cards that currently cost medical-marijuana patients $100 per year in Illinois also give those patients access to certain products that may not be produced for recreational users or popular among them, marijuana advocates said.

Those products include cannabis-infused suppositories, lotions, nasal sprays and transdermal patches.

Products geared toward the medical

Article source: https://www.sj-r.com/news/20181229/how-would-recreational-pot-affect-illinois-medical-marijuana

Medical marijuana: With Ohio product due any day, how many are in the program?

December 30th, 2018

Ohio’s first medical marijuana could go on sale any day — maybe any minute — as the first testing lab and dispensary received state approval earlier this month to open.

RELATED: After delays, Ohio’s medical marijuana ‘right on the cusp’

After accepting patient registrations for three weeks, the Ohio Medical Marijuana Control Program has received 4,440 recommendations for patients or caregivers. Of those, 3,036 have activated their registry card.

The fee for patients is $50 and $25 for caregivers, though veterans and low-income patients may be eligible for lower fees.

RELATED: Medical marijuana: Ohio’s first test lab cleared to open

The number of physicians certified to recommend medical marijuana numbered 353 after the last group was approved by State Medical Board of Ohio on Dec. 14. Of those, 33 in Dayton area and surrounding region have been cleared.

RELATED: Here are all 21 health conditions that could qualify you for medical marijuana in Ohio 

Article source: https://www.mydaytondailynews.com/news/medical-marijuana-with-ohio-product-due-any-day-how-many-are-the-program/afA6Pcwe2we05jiFf79NDI/

Report details growth of medical marijuana use in Florida – Daytona Beach News

December 29th, 2018

TALLAHASSEE — Despite a bumpy rollout that has drawn lawsuits and criticism from legislators, a new report shows the number of Floridians using medical marijuana continues to grow.

In the first nine months of 2018, more than 136,000 patients across the state received certifications from 1,070 physicians to receive medical marijuana.

In all, those patients received 174,254 certifications — some could have received multiple certifications — for a host of medical conditions that qualify them to use marijuana. That included 41,143 certifications, or nearly 24 percent of the overall total, for post-traumatic stress disorder.

The report, issued by the Physician Certification Pattern Review Panel, also shows that physicians in Hillsborough, Pinellas and Palm Beach counties accounted for more than 30 percent of the certifications between January and Sept. 30.

The average medical-marijuana dose ordered was 372 milligrams per day, according to the data. But in Highlands County, where 470 patients were certified to receive the drugs, the average dose was 3,956 milligrams.

And in Nassau County, where two patients were reported as being certified, the average dose ordered was 17 milligrams.

While the report provides insight into how Florida physicians are responding to Florida’s burgeoning medical-marijuana market, panel co-chair Sandra Schwemmer, an osteopathic physician in Tavernier, said the information needs to be further analyzed before drawing conclusions.

Moreover, members of the panel agreed that the report doesn’t provide a full picture of Florida’s market because it doesn’t capture information from dispensaries. They have asked the Legislature to authorize the collection of the data.

Thirty-one states allow

Article source: https://www.news-journalonline.com/news/20181229/report-details-growth-of-medical-marijuana-use-in-florida

Medical marijuana: With Ohio product due any day, how many are in the program?

December 29th, 2018

Ohio’s first medical marijuana could go on sale any day — maybe any minute — as the first testing lab and dispensary received state approval earlier this month to open.

RELATED: After delays, Ohio’s medical marijuana ‘right on the cusp’

After accepting patient registrations for three weeks, the Ohio Medical Marijuana Control Program has received 4,440 recommendations for patients or caregivers. Of those, 3,036 have activated their registry card.

The fee for patients is $50 and $25 for caregivers, though veterans and low-income patients may be eligible for lower fees.

RELATED: Medical marijuana: Ohio’s first test lab cleared to open

The number of physicians certified to recommend medical marijuana numbered 353 after the last group was approved by State Medical Board of Ohio on Dec. 14. Of those, 33 in Dayton area and surrounding region have been cleared.

RELATED: Here are all 21 health conditions that could qualify you for medical marijuana in Ohio 

Article source: https://www.daytondailynews.com/news/medical-marijuana-with-ohio-product-due-any-day-how-many-are-the-program/afA6Pcwe2we05jiFf79NDI/