Tilray Increases Cannabis Supply With Acquisition Of Natura Naturals Holdings

CANADA: Tilray, a global leader in cannabis research, cultivation, production and distribution, announced the closing of a previously announced definitive agreement to acquire all of the issued and outstanding securities of Natura Naturals Holdings, the parent company of a licensed cultivator of cannabis. Moving forward, the Natura facility will operate under the name High Park Gardens and serve as an additional cultivation facility to serve the medical and adult-use market in Canada.

Tilray_LogoAs a result of the finalized acquisition, Tilray and High Park have obtained the 662,000 square-foot greenhouse cultivation facility, of which 155,000 square feet are currently licensed. There are also options to expand the facility to further increase production capacity. Natura, through a wholly-owned subsidiary located in Leamington, Ontario, is a licensed cultivator under the Cannabis Act specializing in the greenhouse cultivation.

Under the terms of the definitive agreement and subject to certain customary adjustments, Tilray delivered C$35 million at closing, comprised of C$15 million in cash and C$20 million in Tilray Class 2 common stock. Natura shareholders will receive their pro rata portion of the C$15 million closing cash amount, after the deduction of certain transaction expenses incurred by Natura and subject to applicable withholding taxes. Upon Natura reaching certain quarterly production milestones over the following twelve-month period, up to C$35 million of Tilray common stock may become payable resulting in a total purchase price of C$70 million if fully achieved.

“We’re very pleased to add High Park Gardens to our growing global footprint” said Greg Christopher, EVP Operations. “This acquisition marks another milestone in building a strong supply chain to give Canadians safe access to quality tested cannabis medicine and products.”

Alaska: Regulators Move Forward With On-Site Consumption Rules

ALASKA: State regulators have voted in favor of plans to permit on-site marijuana consumption at designated retailers.

Under the plan, licensed retailers could designate specific areas for on-site consumption by their customers. Customers would not be permitted to bring their own cannabis.

Retailers who wish to permit on-site consumption would need to apply for a special license from the state.

It is anticipated that state lawmakers may also weigh in on the issue in 2019.


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

Libertarian Party Chairman Debates Arizona’s Marijuana Legalization

ARIZONA: QallOut, a first of its kind online debating platform, hosted a live head-2-head video debate between Libertarian Party Chairman Nicholas Sarwark and party member Vann Gutier last Sunday. The two debated the issue of marijuana legalization and specifically Arizona Proposition 205, which would legalize the possession and consumption of marijuana for Arizonans over the age of 21 if passed.

Sarwark debated in favor of Proposition 205 and argued that it would stop jailing citizens on minor possession charges, which are currently felonies under Arizona law. On the other hand, Vann argued the Proposition should first decriminalize marijuana before its legalization. Arizonans can vote for Proposition 205 on November 8, 2016.

[youtube http://www.youtube.com/watch?v=3WtY5IBOBPY&w=560&h=315]

QallOut Founder and CEO Yazan Madanat remarks, “This is exactly the kind of debate QallOut was created for. Here we have the highest ranked administrator of the Libertarian Party directly interacting with a party member about an issue they both are passionate about. We had live viewers posting video comments in real-time, which the debaters addressed throughout the live debate.”

Madanat adds, “People are yearning to debate and challenge their own opinions—we just created a more convenient and lively way to cater for this need.” You can watch the full debate between Nicholas and Vann here.

CannaCon Goes North to Alaska Sept 9 & 10th

65 Exhibitors, 25 Speakers and Hundreds of Industry Pioneers Fire Up Alaska’s Legal Cannabis Industry

WASHINGTON: CannaCon, the world’s largest cannabis trade show, announced its list of featured speakers for CannaCon Anchorage. An all-star lineup of cannabis industry business leaders will kick off the launch of Alaska’s recreational marijuana market as CannaCon comes to Anchorage, Sept. 9-10, 2016. The sold-out expo will fill the entire floor of the Dena’ina Center in downtown Anchorage.

Alaska is no stranger to marijuana. The nation’s 49th state has allowed limited home grow and private personal possession since the 1970s, and became the nation’s 4 th state to fully legalize the adult use of marijuana in November, 2014, joining Colorado, Washington, Oregon and the District of Columbia.

CannaCon Anchorage will showcase the wares of more than 65 exhibitors, and featured two dozen leading cannabis industry speakers, who will entertain and educate attendees on a wide range of topics, including the latest in breeding techniques, grow room technology, extraction methodology, “interpening,” and marketing.

CannaCon Anchorage is Sept 9 & 10th

CannaCon Anchorage is Sept 9 & 10th

Featured Speakers and Seminars

Adam Dunn partner and lead genetics consultant with MedCanna Consulting LLC, is the show’s Keynote Speaker. Dunn, founding partner of HempWorks CV (Netherlands), parent to.H.Seeds®, (Cannabis genetics), as well as HempWorks International Ltd. (Hong Kong) will also be moderating the panel: “Breeding with the Best.”

Other notable featured speakers include:

  • Auto flower expert, MTF Jeff
  • The Trichome Institute’s Max Montrose
  • Top cannabis attorneys Aaron Pelley, NWMJ Law
  • Cannabis Industry CPA, Dani Espinda
  • MJBA founder/executive director David Rheins
  • Civilized founder Derek Riedle.

A panel discussion on the role of Women in Cannabis will include:

  • Activist Cat Jeter,
  • Julie Martin, Owner of Southside Garden Supply,
  • Theresa Collins CEO/Founder Pot Luck Events and
  • Jana Weltzin, Counsel to Hoban & Feola

Denver-based Trichome Institute will be hosting training sessions for would-be workers in weed. Attendees looking for employment in the fast growing cannabis industry will be able to obtain their budtender license or marijuana handler permit by attending and passing special training sessions at the two-day event.

Top Sponsors

A wide range of top industry marketers have signed up as Gold Sponsors of CannaCon Anchorage, including Green Bits, AK Leaf, Anchorage Press, Lyon Pride Music, Southside Garden Supply (E-Blunt), Advanced Nutrients, General Hydroponics, Solis-Tek, the Marijuana Business Association (MJBA), Alaska Media, and 4-Seasons Grow.

About CannaCon

CannaCon is dedicated to creating and strengthening lifelong partnerships within the emerging cannabis industry. It is our mission to provide a global venue for Cannabis businesses, investors, and community partners to showcase industry products, people and innovations; to cultivate business values within the cannabis industry through education and responsible community involvement.

 

How Rescheduling Could Have Changed Cannabis Marketing

By Celeste Miranda

COLORADO: The DEA schedules substances, chemicals and drugs into 5 classified categories. Between Schedule 1 to 5 the level of potential for abuse gets more likely as the number goes down, so Schedule 1 is listed as the most dangerous for the public and Schedule 5 the least.  A Schedule 1 drug has been identified by the government as a substance with no potential for medicinal use and a high potential for abuse. Aside from cannabis schedule I also includes ecstasy, peyote and heroin. This DEA scheduling makes cannabis highly illegal to carry without the proper permits and also bars any scientific research on the medicinal value of the plant.

For the last couple of months the DEA has been pushing back their announcement on rescheduling cannabis to Schedule II. Last week they announced that cannabis would remain Schedule 1 which has equally angered and saddened the cannabis community. Not only does this continue the war on patients that has been raging across the country, but the negative effects of federal restrictions are more severe than cocaine and oxycodone blanket every aspect of the plant from research to marketing.

Real scientific research feeds an educational marketing platform.  One of the biggest problems that cannabis has faced is a lack of scientific research. Being classified as Schedule I, any relevant scientific research outside of cannabis that comes from a sterile government garden and is carried out by only a few government approved scientists. The ability to prove that the plant has medicinal value and move past a Schedule I classification is being blocked by that same classification. If and when the feds finally reschedule cannabis we will be able to partake in valuable research that will only fuel marketing efforts. If all of the research analysts that have been dying to get well grown hydroponic, outdoor and aeroponic cannabis into their laboratories were finally able to, there would be a bounty of research to fuel new content that will bring in an entirely untapped target demographic. Educational based platforms are the only way to ensure that no target client is left out of a marketing campaign and currently the cannabis education is mostly just conjecture or experiential. With real, hard data proving the medicinal value of cannabis the entire industry could change.

The Cannabis Industry Is Coming To Anchorage Alaska

ALASKA:  Alaska is the next US state that will soon be selling recreational marijuana, and the cannabis industry is watching with keen anticipation.

The Alaska Alcohol and Marijuana Control Office issued its first licenses for cannabis producers and testing facilities this month.   Retail licenses are to be given out in September.

In anticipation of the opening of the market, the cannabis industry will assemble at The Last Frontier for CannaCon Alaska — the state’s first major trade show.   Billed as the place  ‘where the cannabis industry does business,’ CannaCon will be a two day event in Anchorage, September 9-10, at the Dena’ina Convention Center.

Bringing producers, processors and retailers together with the businesses that support them,  CannaCon will feature a line up of  experts to share their valuable cannabis industry knowledge with attendees.

For those from legal cannabis states where marijuana retail shops have been operating for a couple of years there is a great deal of interest in seeing how Alaska manages legalization. Back in 2014 when CannaCon had its first show in Tacoma, Washington attendees and exhibitors were filled with hope and anticipation for the future of cannabis. Two years later and those same people are still making their dreams happen but with the realization that legalization comes with a heavy and burdening dose of bureaucracy.

Running a cannabis business in any state has proven to bring very uniques challenges not found in mainstream industries. It is hopeful that Alaska will be able to learn from the mistakes of other states and be able to launch a successful recreational marijuana industry with minimal roadblocks.

[youtube http://www.youtube.com/watch?v=BUbmzGsQQX8&w=560&h=315]

Weighing Enforcement And Black Market, City Introduces Marijuana Tax

ALASKA: The Anchorage Assembly is introducing a measure to tax marijuana when sales become legal in the year ahead. The proposal hinges, however, on voter approval in April.

Though it’s still several steps away, Assembly members are proposing to eventually tax marijuana retail sales at five percent.

Ernie Hall chairs the committee that’s been looking at how to tax cannabis products within the municipality, and said the figure is a preliminary estimate of what the city will need to collect in order to pay for the licensing and enforcement costs that come along with opening new businesses.

“This is drafted where if we start at five and we find out we’re not covering the expense of this industry we can adjust it two percent at a time over a number of years,” Hall explained after the committee meeting adjourned Thursday evening. The Assembly would only be able to change the percentage taxed every two years.

Marijuana Club Opens In Fairbanks, And The Owners Say It’s legal

ALASKA: A marijuana club that allows consumption but not sales quietly opened this week in Fairbanks, and its owners say they are operating within state law.

Coffee and doughnuts were out for customers at The Higher Calling Club, which opened Monday in a remodeled former wine bar downtown, the Fairbanks Daily News-Miner reported. Patrons could sit on overstuffed couches or use a foosball table.

“We’re going to have the whole cafe feel to it is what we’re looking for,” said Marcus Mooers, who owns the business with his wife, Megan. “As you can see, we’re trying really hard not to just run some kind of stoner slum house.”

Club members can smoke pot or eat pot-infused foods but cannot buy or sell marijuana inside the building. The cost to join is $10 per day or $25 per month.

Sarah Palin On Legalized Marijuana: “No Big Deal”

ALASKA: In an interview on Thursday with conservative Hugh Hewitt, 2008 Republican Vice Presidential nominee Sarah Palin was asked about marijuana policy in her home state of Alaska. Hewitt asked about the successful marijuana initiative that passed last year, asking in a brazen tone, “What happened in Alaska? What are you people thinking there?”

In a pleasant surprise, Palin refused to take the bait and did not indulge the prohibitionist fear-mongering employed by Hewitt. Palin instead said “We’ve got that libertarian streak in us, and I grew up in Alaska when pot was legal anyway. It was absolutely no big deal.” While she went on to explain that families and communities helped to avoid drug usage, she suggested that there are much more important issues for governments to worry about.

As Palin stated, beginning around the late 1970s, possession of small amounts of marijuana was decriminalized and eventually fully legalized. It was not until 1990 that Alaska voted again to criminalize possession. As Jacob Sullum for Reason points out, the 2014 referendum went even further than what had been the law prior to 1990, as it  also legalized “home cultivation along with commercial production and sales.”

Despite her disappearance from electoral politics since the 2008 election, Palin does still remain a significant figure in the Tea Party and grassroots conservative movements. The fact that she would be willing to stand up against the alarmism of the big-government drug war forces that have had a home in the party for over thirty years shows that perhaps the debate is shifting within the GOP.

State Seeks ‘Creative Ideas’ To Handle Cash From Alaska Pot Businesses

ALASKA: Struggling with the prospect of handling millions of dollars in cash from commercial marijuana businesses, Alaska’s Department of Revenue is holding three brainstorming sessions to get ideas for how to handle the influx of taxes in an industry shut off from basic banking practices.

 “It’s an uncharted territory. … We don’t have any precedent to go off of, really,” said Claire Lettow, regulations specialist for the state Tax Division.

Since marijuana remains illegal federally, Alaska’s financial institutions so far aren’t opening their doors to commercial businesses. That means, like other states that have legalized recreational marijuana, businesses will be dealing in cash. Potentially a lot of cash.

Alaska’s Department of Revenue estimates that it will take in between $5.1 million and $19.2 million in tax revenue from commercial marijuana in 2016.