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Acreage Announces Sale Of Maryland Dispensary

NEW YORK: Acreage Holdings, Inc., a vertically integrated, multi-state operator of cannabis licenses and assets in the U.S., today announced it has entered into a definitive agreement with an undisclosed buyer, pursuant to which the Buyer, when permitted by state law, will purchase all of the issued and outstanding membership interests of Maryland Medicinal Research & Caring, LLC. MMRC is licensed to operate a medical cannabis dispensary in Baltimore, Maryland.

The terms of the deal were not disclosed.  Due to regulatory restrictions regarding license transfers, the Buyer, upon approval by the Maryland Medical Cannabis Commission, will enter into a managed services agreement with MMRC until the requisite time has elapsed before Acreage and the Buyer can close the transaction under the definitive agreement.  Closing of the transaction is contingent upon regulatory approvals.

“The sale of our Maryland dispensary is another step forward in our refocused strategy to accelerate our pathway to profitability,” said Bill Van Faasen, Interim Chief Executive Officer of Acreage. “It follows our divestiture in North Dakota, plus other cost-cutting measures completed earlier this year.  We are moving forward with our refocused plan as quickly as possible and we will continue to update shareholders on our progress as new events transpire.”

Maryland: Baltimore Prosecutor To No Longer Target Marijuana Possession Offenses

STATES ATTORNEY BALTIMORE

MARYLAND: Officials will no longer prosecute marijuana possession offenses in Baltimore, according to a newly announced public policy by the office of the State’s Attorney for Baltimore City.

Under the plan, which takes immediate effect, the office will also move to expunge the criminal records of an estimated 5,000 citizens previously convicted of cannabis-related offenses. The office’s decision to cease targeting minor marijuana violations is similar to actions recently taken by prosecutors in a number of other major cities, including St. Louis, MissouriWestchester, New YorkPhiladelphia, Pennsylvania; and Norfolk, Virginia.

State’s Attorney Marilyn Mosby said that the new policy will provide “a major step forward in making Baltimore city safer, fairer, and more equitable, and even more just.”

The Office will continue to take action against felony cases involving the possession of marijuana with intent to distribute, though prosecutors will refer all first-time offenders to diversion programs.


For more information, contact Justin Strekal, NORML Political Director, at (202) 483-5500.

Maryland Medical Cannabis Forum Is Thursday, November 8, 2018

Presents an In-Depth Discussion of MMJ Research and Practice

MARYLAND – Maryland doctors can enhance their knowledge about medical cannabis treatment at the inaugural Maryland Medical Cannabis Forum (MMCF), on Thursday, November 8th in Baltimore.  The MMCF was created to provide to the Maryland medical community current and credible information on the state of medical cannabis research and practices–and how it affects the 35,000-and-growing Maryland MMJ patients. Discussion topics for the evening include:

  • The endocannabinoid system and its relation to treating diseases
  • Cancer case studies utilizing cannabis for symptom relief and pain management
  • Cannabis treatment for neurological disorders such as Alzheimer’s, epilepsy and autism
  • Cannabis and reduction in opioid dependency and other prescription medications
  • Proper dosing and understanding common side effects

The evening kicks off at 5:00 p.m. with a cocktail and hors d’oeuvres reception. The program begins at 6:30 p.m. with featured speakers Dr. Jokūbas Žiburkus (Canntelligence) and Dr. Dustin Sulak (Healer.com), followed by a panel discussion hosted by CNBC’s Tim Seymour and including Sid Taubenfeld of Tikun Olam’s TO Pharma and Joy Strand, Executive Director of the Maryland Medical Cannabis Commission, among others.

The MMCF is proud to have the support of MedChi (the Maryland State Medical Society), and sponsors including global medical cannabis brand Tikun Olam, MariMed Advisors and Kind Therapeutics to establish this event as a comprehensive and trustworthy forum for up-to-date information on medical cannabis for Maryland doctors to provide their patients. The registration fee for MMCF is $75, $50 for MedChi members; visit www.medicalcannabisforum.org.

Maryland Hemp Distribution Bill Signed Into Law

MARYLAND:  Republican Gov. Larry Hogan has signed legislation into law expanding the state’s hemp production program.

House Bill 698 expands the state’s existing pilot program to explicitly permit for the distribution, marketing, and sale of hemp – both in state and out of state. Lawmakers had overwhelmingly passed the bill by a vote of 182 to 1.


For more information, contact Justin Strekal, NORML Political Director, at (202) 483-5500.

Cannabis Policy Reform Advocates Release Report Card Grading Candidates for Governor in Maryland

MARYLAND: The Marijuana Policy Project (MPP) released a voter guide Monday that grades Maryland gubernatorial candidates strictly on their positions and statements about cannabis policy. The report contains letter grades for each person running in Maryland’s Democratic Primary for governor in June and is based on answers to a questionnaire MPP sent to candidates, bill sponsorship, and their public statements regarding cannabis. The full report can be viewed here.

“There are real differences among the Democratic candidates when it comes to marijuana policy, from making a plan for legalizing marijuana a significant part of their campaign platform to declining to declare support for legalization at all,” said Kate Bell, legislative counsel for the Marijuana Policy Project. “In gubernatorial and other races across the nation, candidates are increasingly realizing that regulating marijuana is a winning issue. We hope that this guide will help inform the voters as they make their choice here in the June 26 democratic primary or in the general election.”

Sixty-four percent of likely Maryland voters support making cannabis legal for adults, according to a Washington Post-University of Maryland Poll conducted in September 2016.

In February, state lawmakers introduced bills to regulate cannabis for adults. If approved by 60% of both chambers of the Maryland Legislature, the bill would place a constitutional amendment on the November 2018 ballot that would make possession and home cultivation of limited amounts of cannabis legal for adults 21 years of age and older and require the state to establish regulations and taxation for a legal cannabis market, as well as to ensure diversity in the cannabis industry. The bill to refer the issue to the voters could not be vetoed by the governor.

Nine states and the District of Columbia have made cannabis possession legal for adults, and eight of those states regulate and tax cannabis similarly to alcohol. Bills to make cannabis legal have been introduced in 20 states this year, including Connecticut, Delaware, New Jersey, New York, and Pennsylvania. Michigan voters will likely be able to support a similar initiative on the November 2018 ballot.

 

Mary’s Medicinals Coming To Maryland Medical Cannabis Patients

COLORADO: MM Technology Holdings has announced  a partnership with Green Thumb Industries (GTI) to produce and distribute its line of Mary’s Medicinals cannabis products for patients across Maryland.

“Mary’s has developed a line of unique products with unparalleled quality, accuracy and an exceptional reputation for effectiveness,” said Ben Kovler, Founder and Chairman, GTI. “Patients deserve the choice of alternative forms of medical cannabis and we’re excited to bring this trusted, revolutionary, and highly-targeted suite of medical cannabis delivery options to the patients of Maryland. The patients in Illinois have had tremendous success with Mary’s and we look forward to providing the same access, options, and relief to thousands more.”

Mary’s Medicinals has established itself as one of the most trusted and innovative producers of canna-based products in Colorado, and has since expanded into additional states from coast to coast. Mary’s was first to offer THCa and CBN products, discovered harvesting techniques for the isolation of CBC, and continues to develop cutting edge approaches for isolating, manufacturing and delivering medicinal cannabis.

“The potential of cannabinoid therapies as a treatment for many conditions is enormous. However, the traditional cannabis products on the market today don’t appeal to all patients,” said Lynn Honderd, CEO of Mary’s Medicinals. “With Mary’s unique delivery and accurate dosing mechanisms, patients are finding relief that is more effective, more reliable and more targeted than anything else available. We’re pleased to expand our relationship with the highly-regarded and qualified team at GTI to help bring relief to the patients of Maryland.”

Revolution Enterprises Wins Preliminary Approval To Dispense Cannabis In Maryland

MARYLAND: Revolution Maryland Retail LLC received preliminary authorization to operate a medical cannabis dispensary in Maryland. Revolution Maryland Retail was awarded license pre-approval to operate in Maryland’s Senatorial District 34 following a competitive licensing process that drew 811 applications for up to 109 available licenses statewide. District 34 sits northeast of Baltimore along the Interstate 95 corridor, and encompasses a majority of Harford County.

“Our mission is to enhance the lives of our qualifying patients by providing them with superior medicine, education, and service,” says Revolution Enterprises Chief Operating Officer Dustin Shroyer. “Patients will enjoy a comfortable and familiar retail experience while having the opportunity to learn more about cannabinoid medicines that may improve their wellbeing.”

Revolution Maryland Retail LLC is a subsidiary of Illinois-based Revolution Enterprises, which has two of 19 cannabis cultivation licenses issued in Illinois. In Illinois, Revolution Enterprises owns and operates more than 150,000 square feet of state-of-the- art cannabis cultivation and processing facilities. Revolution Maryland Retail will benefit from access to the operating procedures perfected and intellectual property developed in the Company’s Illinois cannabis businesses.

“We are leveraging our expertise to advance Revolution’s brand nationally,” Shroyer says. “We look forward to planting the Revolution flag in Maryland and continuing to promote common sense solutions for improvements in health care.”

The Company is also exploring partnerships with Maryland licensed medical cannabis growers and processorsMaryland dispensary licensees have 365 days from date of pre-approval to implement their operations.

 

Maryland Flooded With Almost 900 Medical Marijuana Applications

MARYLAND: Applicants seeking to be among the first in the state to legally grow, process or dispense medical marijuana flooded the Maryland Medical Cannabis Commission with 882 submissions before a recent deadline, meaning interest in the nascent industry far outpaces available licenses.

The huge number also means officials have been wading through mounds of additional applications since a submission period closed Nov. 6. The medical cannabis commission said that evening it had processed 355 applications with many more to go.

But the state updated its statistics Thursday, adding that most among the new tally of 882 applications were from those seeking to sell medical marijuana. The medical cannabis commission received 705 dispenser license applications, 102 grower license applications and 75 processor license applications. The application period opened in September.

Maryland Governor O’Malley Targets Marijuana Voters

MARYLAND: Democratic presidential candidate Martin O’Malley is making a play for the marijuana vote.

The former governor of Maryland will speak with Colorado lawmakers and business owners on Thursday about legalizing marijuana, according to his campaign.

Colorado was one of the first states to legalize pot, and O’Malley plans to use the state as a case study to determine whether such policies would be successful across the country. He called it a “laboratory in democracy.”

O’Malley is calling for the federal government to loosen its marijuana laws as part of his presidential campaign. He would like to reclassify pot so it is not listed with more dangerous drugs, such as heroin.

Maryland’s First Medical Marijuana Clinic Sees More Than 100 Prospective Patients

MARYLAND:  The first specialty clinic for medical marijuana opened in Annapolis in June and has seen more than 100 prospective patients — even though the Maryland Medical Cannabis Program isn’t expected to be operational for another year.

Greenway Consultation, located in the Conte Lubrano Office Building, has three consultants and three physicians, who are not yet registered to recommend the drug through the Maryland Medical Cannibis Commission. The commission develops and oversees all licensing, registration, inspection and testing.

The clinic’s spokesman Nick Petrucci said opening in advance of the program has advantages, such as beginning to build the patient-doctor relationship to expedite a recommendation for marijuana when the program begins.