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Speakeasy Cannabis Club Releases Short Film On Canadian Farming Legacy

CANADA: SpeakEasy Cannabis Club has released a powerful new short film documenting the storied history of the Geen family, the generational farmers who founded the Okanagan based cannabis company. From cherries, apples, ginseng to peaches, and now cannabis, SpeakEasy Founder, Marc Geen, and his family are pioneers of agriculture with more than a century of farming experience in the region.

Directed and shot by documentary filmmaker, Simon Schneider (from CBC’s The Nature of Things), the six minute short film highlights over one hundred years of hard-earned farming principles passed down through five generations of the Geen family. From the humble beginnings of Marc’s great grandfather, Charles Howard Geen, who came to Kelowna, B.C. in 1903 and started growing fruit trees, to the purchase of 2200 acres of land in Rock Creek, B.C.’s fertile “Golden Mile”, in 1995, where the family has successfully farmed for four generations, to Merv Geen’s critical participation in SunRype’s success as a former Chairman-of-the-board, and to founding SpeakEasy in 2013, the film illustrates the foundation in which a true agricultural legacy is built and what has set SpeakEasy apart from other licensed cannabis producers.

As the film shows, it’s not only hard work and agricultural experience that have laid the foundation for SpeakEasy to cultivate what is set to be the best product on the market. It’s also the farmer’s keen sense of selecting the perfect site and land to grow on.

“The Golden Mile is one of the most fertile areas in Canada as it’s a perfect climate with tons of sunshine, lots of heat, cool at the right times, not too extreme and very little rain. The land is beautiful for growing cannabis.” says Marc Geen, Founder of SpeakEasy. Licensed producers made a massive assumption that simply getting on the shelf would lead to success. Cherries are one of the hardest crops to harvest, cannabis is no different. Agriculture at this level is an art and these consumers are no different than wine connoisseurs, you simply can’t cut corners.”

After a long journey to build the necessary infrastructure and getting the licensing approval through Health Canada, the Geen name is about to put its stamp on a new crop. SpeakEasy will make history cultivating one of the largest outdoor cannabis harvests in Canada this September. SpeakEasy expects to harvest 70,000 kg of sun-grown cannabis at a projected $0.04 a gram this fall, with the same methods and climate Canada is world-renowned for.

The SpeakEasy Family Legacy short film is available to stream now through YouTube:
https://youtu.be/jjoCGYM5024

WASHINGTON: Virtual Listen And Learn Forum Session #1: Rules Regarding Marijuana Definitions And Vapor Products

WASHINGTON:  The Washington State Liquor and Cannabis Board (WSLCB) is hosting two Listen and Learn forums to consider establishing new and amending existing sections of rule concerning marijuana definitions and marijuana vapor products. This is the first of two planned sessions. The full text of the draft conceptual rules are provided here.

For this session, we are discussing only draft conceptual rule sections 314-55-010(4) and (40) to implement House Bill 2826 pertaining to marijuana vapor products.

Please join us virtually on Tuesday, September 1, 2020, from 2:00 p.m. until 3:45 p.m. via WebEx.

Background
On March 25, 2020, HB 2826 passed the legislature in response to concerns related to marijuana vapor product and vapor related lung illnesses. The bill contained an emergency clause, and in its intent section, found that “recent reports of lung illnesses associated with vapor products” demanded “serious attention by the state in the interest of protecting public health and preventing youth access.

HB 2826 provides that the Board may adopt rules prohibiting any type of marijuana vapor product device, or prohibit the use of any type of additive, solvent, ingredient, or compound in the production and processing of marijuana products, including marijuana vapor products. However, before adopting either of these types of rules, the Board must have determined, following a consultation with the Department of Health (DOH), or any other authority the Board deems appropriate, the device, additive, solvent, ingredient, or compound may pose a risk to public health or youth access.

HB 2826 authorizes the Board to require marijuana processors to submit, under oath, to the Department of Health, a complete list of all constituent substances and the amount and sources of all constituent substances in each marijuana vapor product. HB 2826 also provides that Board may adopt rules prohibiting the use of a characterizing flavor in marijuana vapor products.

Rules are needed to implement the provisions of HB 2826, and to establish definitions for terms including, but not limited to “characterizing flavor,” botanical terpenes,” and others.

The Pre-proposal Statement of Inquiry filed by the Liquor and Cannabis Board may be found here.

Meeting Details
An agenda is attached. Please come prepared to offer feedback and suggestions regarding this rule section.

If you wish to participate virtually, we’d like to offer the following reminders:

  • Virtual participation will be structured to allow one speaker at a time through a hand-raising feature on WebEx.
  • If you experience difficulty with audio or visual elements of virtual participation, please be patient.

Please remember that we are still in the developmental phase of rulemaking, and there are not yet any proposed or final rules amendments. To help you prepare for this listen/learn/contribute forum, please review the guidance document prepared for this and future forums.

Questions? Contact Casey Schaufler at casey.schaufler@lcb.wa.gov

To join the WebEx meeting online:
https://watech.webex.com/watech/j.php?MTID=mee35a3ea86f3824ff52650252c672ee9

To join the WebEx meeting via audio conference only:

  • Toll Free: 1-855-929-3239
  • Toll: 415-655-0001
  • Access Code: 133 951 6990

Ohio Medical Marijuana Program 2019 By The Numbers

OMMCP

OHIO: The Ohio Medical Marijuana Control Program (OMMCP) has released official numbers for the state’s first full year of legal medical cannabis.

According to the numbers, nearly 74,000 adults have registered as medical marijuana patients in the first 12 months, with 55,617 of them having made legal cannabis purchases.  They bought nearly 7,300 pounds of legal cannabis through 48 licensed dispensaries, ringing up more than $66 million in product sales.

Ohio Medical Marijuana Stats

Ohio Board of Pharmacy Awards Dispensary Certificate Of Operation In Wapakoneta

State_of_Ohio_Board_of_pharmacy_logo2C

OHIO:  The State of Ohio Board of Pharmacy today awarded a Dispensary Certificate of Operation to Eagle Dispensaries, located at 502 N. Dixie Hwy., Wapakoneta.

Eagle DispensaryThe interactive map of Dispensaries with Certificates of Operation will be updated within the next 48 business hours.

Cresco Labs To Report First Quarter 2019 Financial Results On May 29, 2019

ILLINOIS: Cresco Labs Inc., one of the largest vertically integrated multi-state cannabis operators in the United States, will report its financial results for the first quarter ended March 31, 2019 on Wednesday, May 29, 2019 after the market closes.

Cresco-Logo_BlueThe Company will hold a conference call and webcast to discuss its business and financial results on Wednesday, May 29, 2019 at 6 p.m. Eastern Time (5 p.m. Central Time). The conference call may be accessed via Cresco Labs’ investor relations website at investors.crescolabs.com or by dialing 866-688-4235 (409-216-0711 for international callers) and providing conference ID 5478615.

Archived access to the webcast will be available for one year on the Cresco investor relations website.

 

CBD For Anxiety: The Best Products on the Market Today

Health enthusiasts attest to the broad range of CBD benefits that hemp-derived products provide. While more scientific research is encouraged, the existing research, as well as the anecdotal evidence from users, suggests that cannabidiol is an excellent pharmaceutical alternative for treating ailments like pain, anxiety, depression, and more–for example, the FDA has approved a CBD product called Epidiolex, which treats two kinds of pediatric epilepsy.

CBD products come in many forms, you can smoke CBD via vaporizer, apply it to the skin topically, ingest it in edible forms like gummies, and much more.

Arguably the most popular consumption methods are oils and tinctures, which you typically take sublingually. However, depending on how they are produced and what other ingredients are mixed in, oils and tinctures can carry earthy tastes that some customers are not fond of. Gummies, however, are a fun way to ingest CBD for pain relief and other maladies with an assortment of different flavors.

Here are a few of the best CBD products for anxiety on the market today.

Verma Farms

 

Verma Farms grows its own organic hemp and does not use pesticides. Because hemp is a bio-accumulator—meaning it absorbs other substances from its environment, such as toxins that may seep into the soil—unwanted and even harmful ingredients can sneak their way into CBD products. However, Verma does not use such toxins in its growing process and has a third-party lab test its products for purity and potency before selling them (the company also publishes the lab results online). If you want trustworthy CBD isolate products—including the best CBD oil on the market— Verma Farms is worth checking out.

Verma Farms Oil

Cannabidiol Life

 

Cannabidiol Life is based in Denver, Colorado, manufactures all of its products in-house, and is frequently inspected by the Denver Department of Health to assure quality and purity.

 

CBD Oil Geek recommends Cannabidiol Life because not only are they high-quality, but their gummies come in delicious flavors without hempy aftertastes–such as Golden Maple and Chocolate Bliss. In addition, their products come in a variety of dosages and are reasonably priced!

 

The company’s gummies use CBD isolate, but they also sell a range of other full-spectrum products. Cannabidiol Life is an excellent option if you want your CBD to come in playful shapes like worms or bears—but make sure to keep them away from children!

cbd-gummy-worms-for-sale

Green Roads

Green Roads is a renowned CBD company that sells high-quality, pharmacist-formulated products that are third-party lab tested and created from hemp grown in the US. Their website sums up what makes their gummies great,

“[Green Roads products have] universal appeal in that they offer a simple and discreet way to get your daily dose of CBD. Besides their fun and colorful appearance and fruity taste, these edibles contain all of the benefits of CBD, making them an excellent option for people looking for long-term relief over a short-term fix.”

Green Roads products are known to be highly effective and provide a host of options that range from gummies and syrups to pain cream and tea. If you want to make taking CBD a bit more fun and flavorful, Green Roads gummies are a good option.

 

CBD Edibles

Pure Kana

 

Pure Kana is a company that sells potent CBD isolate gummies—and they are vegan! An aspect that you can find with a variety of oils, but not always with edibles.

 

Each gummy has 25mg of cannabidiol and comes in natural fruit flavors. Experiencing symptoms of anxiety, depression, and pain is not limited to particular times, so Pure Kana gummies are perfect for taking CBD on the go–especially if you are hesitant or feel uncomfortable ingesting oil via a dropper in the middle of the day or in public.

CBD-Gummies-min

CBDistillery

CBDistillery offers gummies with 30mg of CBD per candy. They contain no THC, and independent test results are visible online.

CBDistillery-Gummies_DAY-1

Koi CBD

According to Koi CBD’s website:

“Unlike most CBD gummies—which spray CBD on their products—Koi takes the extra time to mix and roll our full-spectrum CBD blend into our gummies three times. Why? It evenly distributes the CBD throughout each piece, giving you the consistency and effectiveness that you deserve.”

Koi’s gummies come in flavors like tangerine, lime, and acai pomegranate. The company’s processes ensure that each piece is just as effective as any other, and their full-spectrum blend enhances the health benefits you are looking for.

Koi-CBD-Gummies

Why choose CBD Gummies?

If you are looking for the CBD for pain relief or other ailments but want to take doses whenever you want that don’t taste “hempy,” gummies might be the perfect option for you.

What are your favorite CBD gummies, and which ones are you interested in trying? Let us know in the comments below!

Latest Research On Blockchain In The Legal Cannabis Supply Chain Highlighted At SXSW

Blockchain in Legal Cannabis: Weeding Out Supply Chain Inefficiencies is latest addition to research firms’ eBook series

TEXAS: Worldwide spending on legal cannabis is growing rapidly, but the market will not realize its full potential without efficient supply chains to deliver an expanding array of products. Blockchain technology could address this issue by providing greater visibility, traceability and transparency as well as facilitating regulatory compliance.

This is according to a new eBook titled Blockchain in Legal Cannabis: Weeding Out Supply Chain Inefficienciesfrom Chain Business Insights, an independent research firm focused on the application of blockchain and related technologies in supply chain management and trade finance. The eBook’s author, Sherree DeCovny, will present her findings at SXSW in Austin, TX on March 15, 2019.

Uruguay and Canada were the first countries to fully legalize cannabis, and more nations are following suit as its medical and recreational uses gain wider acceptance. Countries such as Colombia, Israel, Lebanon, Mexico and Thailand, where there are optimal growing conditions for cannabis, are looking to establish substantial legal export markets for the product. The potential economic benefits are vast considering the potential to fuel business growth, create jobs and raise tax revenue.

Blockchain in Legal Cannabis: Weeding Out Supply Chain Inefficiencies analyzes the cannabis market and the legal and structural issues that impede operational performance, particularly in the U.S. Cannabis is illegal at the federal level, which means that interstate commerce is prohibited. As a result, there is an imbalance between supply and demand across the country. Other constraints such as a lack of standards, limited access to banking services, and transportation restrictions including limits on when trucks carrying cannabis products can operate, create supply inefficiencies that drive up prices and disrupt supplies.

“For the cannabis industry to succeed, companies will need to build and manage efficient supply chains in a fragmented, highly regulated market,” says DeCovny, co-founder of Chain Business Insights. Blockchain could be a key enabler.”

The cannabis supply chain is inherently complex. Many national and international growers cultivate cannabis, which has to be tested and approved before being manufactured into various products and distributed to end customers. The patchwork of legal jurisdictions adds another layer of complexity.

The industry has started to develop the infrastructure and best practices that will underpin future supply chains, using cutting edge technologies such as Internet of Things sensing and machine learning. Blockchain technology is a key component of this effort.

“Blockchain is an excellent fit for the cannabis business, where numerous trading partners need to exchange information securely and have it updated instantaneously when product changes hands,” explains DeCovny. “Also, blockchain-based solutions can provide levels of supply chain traceability and visibility that the industry and regulators need.”

Smart contracts – computer code hosted on blockchains – can automatically implement business processes and execute contract terms. These capabilities can help companies to manage the transactional traffic created by the cannabis business.

The new eBook details existing and emerging blockchain solutions, and examines blockchain technology’s potential role in the industry. A case study shows how a blockchain platform in combination with other innovations is being used by a leading player in California to develop an efficient, end-to-end supply chain for cannabis products.  

“In addition to providing a guide to blockchain-related applications and developments for any company with an interest in the cannabis business, the eBook offers important market intelligence for supply chain practitioners outside the industry,” says DeCovny.

Supply chain management is one of the most promising application areas for blockchain technology. The way in which the “greenfield” cannabis industry is harnessing the technology in supply chains provides valuable insights for any practitioner.

To download the eBook, please visit https://www.chainbusinessinsights.com/blockchain-in-legal-cannabis-weeding-out-supply-chain-inefficiencies.html.

Attend session at SXSW – Blockchain in Cannabis: Boosting Market Efficiency.

Ohio Medical Marijuana Sales Top $500K

Ohio Medical Marijuana Sales Figures — February 3, 2019

Update from the Ohio Medical Marijuana Control Program

OHIO:  The following are program sales totals from 1/16/2019 to 2/3/2019:

Total sales: $502,961
Total volume of product sold: 68.22 pounds

The Ohio Medical Marijuana Control Program will provide weekly sales figures through April 1st after which a monthly report will be available.

Patient registration information will continue to be reported on a monthly basis.

420MEDIA Trailblazers In Cannabis: Norman Ives, Broker & Cannabis Specialist Worldwide Facilities

Trailblazers In Cannabis

Digital marketing agency 420MEDIA and the Marijuana Business Association (MJBA) have joined forces to create a series highlighting entrepreneurs trailblazing the cannabis scene. Each week, we profile a noteworthy business pioneer, and ask each 5 questions. This week we talk to trailblazer Norman Ives, Insurance Broker and Cannabis Specialist at Worldwide Facilities. 

Tell us about your company: 

Established in 1970, Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter. For nearly 50 years our team of insurance specialists have provided innovative solutions to the specialty US and international insurance markets. More recently through a combination of organic growth, recruitment and acquisitions Worldwide Facilities has aggressively expanded presence, standing and financial strength more than tripling its size to more than $1.5 billion in premium and is among the four largest wholesale brokers in the US.

Norm at MJBA Booth

Why did you choose the cannabis/hemp business?

Did I choose the cannabis industry, or did it choose me? It was not long after Initiative 502 passed in Washington legalizing the production and sales of adult-use/recreational marijuana that I started receiving inquiries from business owners and investors trying to understand what kind of insurance policy options were available for a marijuana license holder and other marijuana related endeavors. Not long after some of the first policies issued to license holders I began speaking business networking groups like the Marijuana Business Association (MJBA) and Washington Marijuana Association (WAMA) to help educate the community and committed myself to volunteering in the community like the non-profit Cannabis Coalition for Standards and Ethics (CCSE) and later The Cannabis Alliance. I am honored to be able to contribute my time and energy in support of the cannabis movement and the many amazing, caring, compassionate individuals who have been doing this meaningful work at great risk and often their own expense to deliver meaningful healthcare services to some of our communities most vulnerable members.

norm at dope mag party

What change will your firm address in the industry? 

Progress & solutions!  With more than 20 years of experience in the nutraceutical space, Worldwide’s NutraRisk practice group is already the recognized leader delivering insuring products for dietary supplements, CBD, vitamins, health, nutrition and naturalist products. The expansion into regulated cannabis is a natural progression of our continued commitment to its core institutional strengths. Over the course of the last year, they have done more than any other insurance organization to improve the market following the launch of two new insurance carriers (both highly regarded A+ XV carriers) including their best in class, exclusive cannabis offering that was announced in September of 2018.

MJBizCon on the bus

What has been the reaction to your product?

Over the past four years I have placed more than 1,000 policies generating $4.5 million in insurance premium delivering insurance protection to more than $400 million dollars in legal/regulated cannabis sales.

What have been some key milestones for you? 

This past year, I have been honored to serve as an elected board member of The Cannabis Alliance, Washington State’s largest and most influential non-profit advocating for the advancement of a vital, ethical and sustainable cannabis industry.

I am proud to serve my fellow insurance professionals as a panelist for Business Insurance Master Class “Cannabis Cover” held in Denver & Los Angeles in March 2019.

This spring I have been invited to speak by the Defense Research Institute, Washington DC, to the international organization of attorneys defending the interests of business and individuals in civil litigation for their May 2019 installment of “Marijuana Law”.

Where can readers learn more?

Nives@wwfi.com

LinkedIn:              https://www.linkedin.com/in/normanives/

Instagram:           @Cannabiznorm

Twitter                 @CannaBizNorm

 

 

MedMen Signs Definitive Agreement For The Acquisition Of PharmaCann

CALIFORNIA: MedMen Enterprises and Chicago-based PharmaCann announce that they have entered into a definitive business combination agreement pursuant to which MedMen and PharmaCann will combine their respective businesses.

Under the Business Combination Agreement, a newly formed holding company (“New MedMen”) will acquire (a) all of the securities of PharmaCann in exchange for subordinate voting shares of New MedMen (the “New Class B Shares”) that are identical to the current Class B subordinate voting shares of MedMen, and (b) all of the Class B subordinate voting shares of MedMen in exchange for New Class B Shares on a one for one basis, pursuant to a plan of arrangement under the laws of British Columbia (the “Arrangement”). The securities to be issued in the Arrangement are intended to be eligible for exemption from the registration requirements under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), in accordance with Section 3(a)(10) thereof. In addition, all of the Class A super voting shares of MedMen will be acquired by New MedMen in exchange for super voting shares of New MedMen (“New Class A Shares”) on a one for one basis, pursuant to the Arrangement.

Under the terms of the Business Combination Agreement, PharmaCann securityholders will be issued New Class B Shares of New MedMen such that following the issuance, the former PharmaCann securityholders will hold approximately 25 percent of the fully-diluted equity of New MedMen (calculated using the treasury stock method), with the majority of such shares to be subject to lock up agreements for a period of 6 months or 12 months from the completion of the Transaction.

Following the completion of the Transaction, current holders of Class B subordinate voting shares of MedMen will hold that number of New Class B Shares equal to the number of Class B subordinate voting shares of MedMen held immediately prior thereto. The terms of the New Class B Shares will be substantively and economically identical to the current MedMen Class B Shares. The Transaction is structured to include an exchange of the current MedMen shares and a new holding company in order to facilitate the tax efficient acquisition of PharmaCann under United States tax laws. Other than the change in the legal entity that is the parent company, which will continue to be incorporated in British Columbia, there will be no change to the substantive or economic rights of the holders of the current Class B subordinate voting shares of MedMen or the current Class A super voting shares of MedMen, as compared to the result if PharmaCann had been directly acquired by MedMen. MedMen shareholders that hold share certificates will need to deliver such certificates for exchange following the closing. All other MedMen shareholders will receive their New MedMen shares without any action on their part.