OLCC Approves Marijuana Licensee Stipulated Settlements

Commission Hears Testimony on National Vaping Illness Problem from Oregon Health Authority Expert

             OLCC

OREGON: At its monthly meeting on September 19, 2019 the Commissioners of the Oregon Liquor Control Commission approved three marijuana violation stipulated settlement agreements.  In addition the Oregon Health Authority (OHA) provided the Commission with an overview of the ongoing national respiratory illness outbreak and public health investigation that has been linked to nicotine and THC vaping products.

OHA is leading Oregon’s public health investigation into the outbreak which has identified four cases, including one fatality.  Dr. Richard Leman, chief medical officer in OHA’s Health Security, Preparedness and Response Program, told the Commission that doctors had been seeing cases of the respiratory illness linked to vaping since June 2019, with the first reports coming from physicians in the Midwest.

Leman said the symptoms associated with this outbreak are similar to other pulmonary illnesses, or lung diseases, such as pneumonia. Health investigators in Oregon are conducting case history interviews with medical experts who may have treated individuals with unexplained cases of lung disease, as well as interviewing the patients already identified as official cases.

Leman indicated that Oregon investigators are looking for common links in the Oregon cases and will continue to share their findings with Centers for Disease Control and Prevention, which is spearheading the analysis of data provided from affected states to identify a common cause.

The Commission also approved the following fines and/or marijuana license suspensions, license surrenders, or marijuana worker permit surrender based on stipulated settlements:

Firehouse Trading Co. in Eugene will pay a fine of $4,950 or serve a 30-day recreational marijuana retail license suspension for one violation.
Licensees are: Firehouse Trading Co., LLC; David Coy, Member/Manager.

Next Generation Nurseries* will pay a fine of $4,950 or serve a 30-day recreational marijuana producer license suspension for two violations.
Licensee is: Next Generation Nurseries, LLC; Karen Osovsky, Member.

Nuharvest* will surrender its producer license for four violations, and each licensee will receive a letter of reprimand.
Licensees are: Boundless Technology, LLC; Casey Nugent, Manager; Randall Elkins, Member; Boundless Technology, LLC (CA LLC), Member; Randall Elkins, Member.

 

MedMen Nevada 2 LLC Distributes To Members Shares Redeemable For Class B Subordinate Voting Shares Of MedMen Enterprises

CALIFORNIA: The MedMen of Nevada 2 LLC announced that on September 5, 2018 it disposed of, by way of distribution in accordance with its constating documents to the members of the Securityholder, 16,574,460 Class B Common Shares of MM Can USA, Inc., a subsidiary of MedMen Enterprises Inc.

Pursuant to the articles of incorporation of PC Corp and the Support Agreement dated as of May 28, 2018 between the Issuer, PC Corp and MM Enterprises USA, LLC, and subject to the terms and conditions thereof, such distributed Class B Shares may be redeemed from time to time by the holders thereof for cash or an equivalent number of Class B Subordinate Voting Shares of the Issuer, with the form of such redemption consideration being at the option of PC Corp.

The Distributed Shares represent ownership and control of approximately 26% of the Issuer’s issued and outstanding Subordinate Voting Shares on a partially-diluted basis and approximately 4% on a fully-diluted basis. The Securityholder does not currently own or control any Subordinate Voting Shares or any other securities of the Issuer, PC Corp or the LLC.

The distribution by the Securityholder to its members of the Distributed Shares was made in connection with the wind-up of the Securityholder’s operations.

For further information, please contact Investor Relations, MedMen Enterprises, at investors@medmen.com.

 

Tokyo Smoke Partners With Aphria To Launch Medical Cannabis

CANADA: Tokyo Smoke introduces four medical cannabis strains in collaboration with Aphria, one of Canada’s largest licensed producers of medical marijuana. This is the first time a Canadian consumer brand will partner with a Licensed Producer to launch medical cannabis in Canada, an inaugural event for the lifestyle brand, as well as the Canadian marketplace. Grown and distributed by Aphria under the ACMPR (Access to Cannabis for Medical Purposes Regulations), the cannabis strains will be available to patients with a valid medical prescription from August 24, 2017.

The four strains will launch as a part of a kit ($250), featuring unique Tokyo Smoke packaging, five grams of each strain along with custom crafted black glass jars and special welcome accessories. They will be available to order through the Aphria website.

“This launch is the culmination of Tokyo Smoke’s vision of providing a beautiful cannabis experience in both design and product,” says Alan Gertner, co-founder and CEO of Tokyo Smoke. “When conceptualizing each strain, we wanted to pair consistent, high-quality cannabis with a focus on Tokyo Smoke branding, design and packaging. Contemporary customers deserve to have a cannabis experience that aligns with the rest of their lifestyle.”

Revenue From Colorado Marijuana Tax Expected To Double In 2015

COLORADO: It’s heady times in the Mile High City, and that’s just at the state budget office.

Colorado is on track to more than double the state’s marijuana tax revenues this year, showing up the $44 million collected in 2014 with a projected 2015 windfall of $125 million, reports The Guardian. The state hoped to collect $70 million in 2014, but fell short.

According to financial data released last week, the state also raked in significantly more money taxing marijuana than it did taxing alcohol for the yearlong period of July 2014 to June 2015, with marijuana netting almost $70 million and alcohol just under $42 million.

Trade Group Formed To Promote Legal Marijuana In Alaska

ALASKA:  A trade association has been created to promote the nascent legal marijuana business in Alaska.

Four of the five board members of the Alaska Marijuana Industry Association held a news conference Thursday in Anchorage to discuss the group’s formation; the event was teleconferenced. State records show the group received status as a nonprofit corporation in late April. The goal was to announce shortly after that, but those involved have been busy working at the local level to help set up the industry, board member and vice president Brandon Emmett said in explaining the timing of Thursday’s announcement.

According to information provided by the group, each of the five members on the founding board of directors plans to become marijuana business owners once licenses become available from the state. Membership in the organization will be open to individuals and businesses working in or associated with the legal pot industry in the state. The board is expected to grow to 11 members as the industry develops to allow for representation of a larger cross-section, members said.

 

Estimated $10 Billion Marijuana Sales In 2015 Far Too Low

DISTRICT OF COLUMBIA:  When new business segments start to reach $1 billion in annual sales, they often get noticed by new business and venture seekers. But when new business segments reach $10 billion in annual sales, let’s just say that venture backers, speculators and business owners want to get a piece of the next big thing. If recent data from the Marijuana Business Daily turns out to be accurate, then the legalized marijuana business is likely to hit $10 billion in 2015 alone.

What is interesting about this figure is that the dispensaries and recreational stores were shown to account for only about $3.1 billion of that total. Also, that $10 billion total comes from a projected range of $9.6 to $11.1 billion — versus a 2014 range of $7.2 billion to $8.6 billion.

24/7 Wall St. wanted to go a step further on this issue about the economy of legalized marijuana. The reason here is simple: the projections have the legal marijuana business close to $30 billion by the year 2019, and there are so many issues not counted in the figures that the numbers could be much larger.

The Marijuana Business Daily also projected that each $1.00 of cannabis sold at the retail level (legally) adds at least another $2.60 to the economy in states where medical or recreational cannabis is legal.

 

Alaska Cannabis Club Plans To Open Medical Marijuana Dispensary On Legalization Day

ALASKA: Following an eviction from its clubhouse at the former Kodiak Bar in downtown Anchorage, the Alaska Cannabis Club is moving forward with plans to open a medical marijuana dispensary on Feb. 24, the day recreational marijuana becomes legalized in Alaska.

Come Feb. 24, “this is the place to get your weed,” said club owner Charlo Greene, whose legal name is Charlene Egbe. Greene gained notoriety after quitting her job as a reporter on-air and revealing herself as the owner of the cannabis club.

But regulators warned that the club’s business plans are dangerous.

The club moved back to its original location on Gambell Street in downtown Anchorage in mid-January, after being evicted from its clubhouse due to lack of insurance.

Tech Mogul Jamen Shively Keynotes “Technology And Your Cannabis Business” Seminar Weds, Aug 27 In Seattle

WASHINGTON: All industry eyes will be on technology-turned-marijuana mogul Jamen Shively, the former Microsoft strategist best known as the man behind premium retail pot brand Diego Pellicer, as he delivers the keynote speech for “Technology & Your Cannabis Business” seminar at Seattle’s ultra-hip Motif Hotel.

Shively’s much-anticipated talk before the elite gathering of Washington’s leading cannabis and technology brands, will reportedly focus on the state of the emerging industry, and how he is providing support to the worldwide cannabis & hemp industry through his new venture, the International Coalition of Cannabis Companies & Organizations ICCCO .

Joining Shively will be Randy Simmons from Washington Liquor Control Board, the agency overseeing Washington’s nascent legal marijuana business; along with John Davis, co-founder and Executive Director of the Coalition for Cannabis Standards and Ethics (CCSE); Patrick Vo, COO, of BioTrackTHC; Dr. Dominic Corva, Executive Director at Center for the Study of Cannabis and Social Policy; Cannabis Training Institute’s Greta Carter, and many other industry thought leaders.

Technology & Your Cannabis Business Wednesday, August 27, 2014, 9:00 AM to 3:00 PM Motif Hotel, Seattle, WA

Technology & Your Cannabis Business
Wednesday, August 27, 2014, 9:00 AM to 3:00 PM Motif Hotel, Seattle, WA

The full-day business seminar, targeting participants in Washington’s legal cannabis industry – growers, processors, retailers and the professional services providers who support them — is being organized by Seattle-based Marijuana Business Association (MJBA), a b2b organization called “the chamber of commerce for cannabis” by NBC News, and sponsored by Cannabis Industry Professional Services (CIPS).  Journalist/Activist Ben Livingston will act as Master of Ceremonies.

“Technology & Your Cannabis Business” is the first in a series of professional education seminars that the Marijuana Business Association is hosting as a service to its members,” explained MJBA chief executive David Rheins. “Earlier in the month, we invited I-502 licensees and applicants to participate in an online policy conducted by MJ Research.  More than three dozen business pioneers participated in the survey. We then invited them to a listening summit, where we conducted a “voice of the customer” facilitated conversation — through which we’ve identified the key industry pain points. Technology — from compliance software to grow-room automation — was at the top of the list. In response, MJBA has organized this professional forum where all the key stakeholders can gather together to work through possible solutions.”

At Wednesday’s show, packaging technology, grow room automation and compliance software are the hot topics. “We’re delighted to have senior representatives like the WSLCB’s Randy Simmons, BioTrackTHC’s Patrick Vo there all under one roof, there to directly engage with end-user licensees to address this critical and time-sensitive issues,” Rheins said.

Tickets are $100 for MJBA members, $150 non-members, and are available online, and at the door.

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Denver Post Weed Critics Smoke And Tell

COLORADO:  Jake Browne is a paid pot critic.

Just as a wine critic can tell a Cabernet from a Merlot by sniffing, he can do the same with marijuana, reports CBS News’ Barry Petersen.

“You are also going to have visual cues from marijuana whether it’s dense, or does it tend to grow a little bit longer, different colors, all those things help you make that full diagnosis,” Browne said.

So before you send in a resume, make sure you know the difference between OG Kush and Deadhead OG, because Browne does without looking.

Browne writes his reviews over coffee in public, but he heads home to his back porch to smoke in private, as required by Colorado law.

He took a hit and gave his first impressions.

Seize Pot Opportunity To Grow Economy

WASHINGTON: Opponents of pot are still trying to wage social, ethical and moral arguments against the majority of citizens who voted in favor of the legalization of marijuana (Initiative 502). Legitimate concerns are lost in the perpetuation of misinformation and emotional irrationality, but what everyone seems to agree on is that marijuana does indeed grow money. So why aren’t we talking about this inevitable, legal, emerging economic impact to our region and how it may help us grow out of the looming fiscal calamities that our communities are facing?

As many cities in our state rush to resurrect failed limit, prohibit, and ban policies to keep marijuana out of their communities, they fail to acknowledge the simple fact that marijuana is already here and has been flourishing for generations. Illegal and quasi-legal cannabis operations rake in enormous tax-free profits with little regulation, oversight or enforcement. Implementing I-502 may be our only chance to stop nurturing and sustaining organized crime, shut down dangerous amateur-extraction labs, eliminate hazardous home-baking enthusiasts, and put a stop to residential grow operations.

I-502 gives the state and local jurisdictions the power to regulate and tax authorized businesses who grow, process or sell marijuana. Although marijuana is still a federally illegal substance, the federal government has indicated they will not interfere with the efforts of states to legalize recreational marijuana if their highly regulated system works toward the elimination of the black market, avoids undue social harm (i.e. gets it out of the hands of children because they already have easy access to it), and prevents an exodus of cannabis products from crossing state lines. This is what everyone working in the legitimate medical cannabis community and the recreational marijuana industry is trying to accomplish. It’s not a matter of if cannabis will be federally legal, it’s now a matter of when.