Mass Governor Baker Signs Marijuana Compromise Bill

MASSACHUSETTS:  Gov. Charlie Baker today signed the marijuana compromise bill sent to him last week by the Legislature, setting the stage for creation of the regulatory structure to oversee legal marijuana sales in Massachusetts.

“We thank the governor for signing the bill and we urge all of the executive and legislative officials involved in the new regulatory system to make timely appointments and ensure proper funding so legal sales can begin on the timetable set by lawmakers last December,” said Matthew Schweich, director of state campaigns for the Marijuana Policy Project and one of the leaders of the 2016 campaign.

This legislative outcome means that by January 2020, Massachusetts will be the only state in the country where all bans on adult-use marijuana businesses will require approval by local voters.

Appointments to the Cannabis Advisory Board are to be made by August 1, and appointments to the Cannabis Control Commission are to be made bySeptember 1.  The appointments are spread among the governor, the attorney general, and the treasurer.

Treasurer Deborah Goldberg earlier this year submitted a first-year Cannabis Control Commission budget of $10 million, which included a one-time $5.5 million expenditure for seed-to-sale and licensing software necessary to monitor product flow and applicant licensing. The current budget allocates $2 million for the Commission’s first year.

“We take elected officials at their word that there will be no more delays in implementation of the legal sales system. The state will benefit greatly from the tax revenues and jobs created by the new industry, and we are confident lawmakers will secure appropriate funding to get the regulatory system up and running on the current timeline,” said Jim Borghesani, spokesperson for the 2016 campaign and the subsequent advocacy effort to defend the law.

After numerous public hearings by the Committee on Marijuana Policy, the House and Senate came out with separate, and very different, bills making changes to the law passed by voters in November. The House bill repealed and replaced the law, dramatically altering the tax rate, local control, and the application and enforcement provisions. The Senate bill took a far more moderate approach, making few changes to the November ballot law. After more than 1,000 telephone calls from Massachusetts voters and intense media pressure generated by the Yes on 4 Coalition and the Marijuana Policy Project, the final bill reflected the Senate’s approach more than the House’s.

The compromise bill’s most significant changes relate to local control and taxes. The legislation adjusts the local control policy, allowing local government officials in towns that voted “no” on the 2016 ballot initiative to ban marijuana businesses until December 2019. For towns that voted “yes” in 2016, any bans must be placed on a local ballot for voters to approve. The maximum sales tax rate (which depends on whether towns adopt optional local taxes) will increase from 12% to 20%. Under the bill, the state tax will be 17% and the local option will be 3%.

 

CannaKorp Webcast August 3

MASSACHUSETTS: CannaKorp makers of the world’s first single-use, pod-based cannabis vaporizing system, today announced that James Winokur, CEO, will present live at VirtualInvestorConferences.com on August 3, 2017.

DATE: Thursday,  August 3, 2017
TIME: 12:30 pm ET
LINK: https://tinyurl.com/0803prepr

This will be a live, interactive online event where investors are invited to ask the company questions in real-time – both in the presentation hall as well as the association’s “virtual trade booth.” If attendees are not able to join the event live on the day of the conference, an on-demand archive will be available for 90 days.

It is recommended that investors pre-register and run the online system check to save time and receive event updates.

Learn more about the event at www.VirtualInvestorConferences.com.

 

NECANN Announces Board of Advisors, Adds Vermont & Nevada Shows

MASSACHUSETTS: The New England Cannabis Network (NECANN), is growing with the announcement today of their plans to expand their popular cannabis conventions in Boston, Providence and Portland to two new markets active in the adult use and medical cannabis states – Vermont and Nevada.  Marc Shepard, NECANN’s President and Co-Founder made the announcement.

With the addition of these two new events to the existing conventions they have been hosting annual in Boston, Portland, and Providence since 2015, NECANN will be the largest cannabis industry convention series in the US.

The upcoming schedule of conventions is as follows:

  • Oct 14th-15th, 2017                         3rd Annual Maine Cannabis Convention
  • Oct 27th-29th , 2017                            3rd Annual RI Cannabis Convention
  • March 16th-18th, 2018:                     Reno Cannabis Expo (Premiere edition)
  • March 23rd-25th, 2018:                   4th Annual New England Cannabis Convention
  • May 4th-6th, 2018:                        Vermont Cannabis and Hemp Convention (Premiere edition)

NECANN_GreenBlack

Separately, Shepard also announced the formation of a 12-person Board of Advisors composed of canna-business and medical cannabis leaders that will help guide the company as NECANN continues to grow its series of B2B and B2C cannabis conventions throughout the US.

The formation of the 12-person Board of canna-business and medical marijuana leaders will guide the company as NECANN continues to grow its series of B2B and B2C cannabis conventions.  NECANN’s Board of Advisors will provide input and guidance for event programming and speaker selection. The Board members are appointed for a two-year term.

“We are honored to be working with some of the most knowledgeable and respected members of the Cannabis community,” said Shepard.  With Advisory Board members representing all aspects of the industry across New England and beyond, we are confident they with be a tremendous asset in helping help us continue to create the most innovative and valuable business and educational experiences possible for our attendees and exhibitors.”

The following individuals have been named to the Board of Advisors:

  • Dr. Uma V.A. Dhanabalan, MD, MPH, FAAFP – Uplifting Health and Wellness
  • Catherine Lewis – Director of education, Marijuana Caregivers of Maine
  • Nic Easley – CEO,  3C Consulting, LLC
  • Jared Moffett – Director, Regulate RI
  • Paul McCarrier – President, Regulate Maine
  • Beth Waterfall – Chair of Women Grow: Boston and Principal, Beth Waterfall Creative
  • Chris Faraone  – Editor, Dig Boston, & Director, Boston Institute of Non-Profit Journalism
  • Shanna Souza – President, New England Cannabis Consulting
  • Nicole Snow – Executive Director, Mass Patient Advocacy Alliance
  • Marta Downing – COO, Canna Care Docs
  • Eli Harrington – Co-founder, Managing Editor, Heady Vermont
  • Cole Markus – Co-Founder, President, The Reno Expo

2017 New England Cannabis Convention Is April 22-23 At Boston’s Hynes Convention Center

MASSACHUSETTS: The 2017 New England Cannabis Convention, hosted by the New England Cannabis Network, will return to Boston’s Hynes Convention Center on Saturday, April 22 and Sunday, April 23.

Medical and recreational cannabis sales in Maine and Massachusetts are projected to exceed 1.5 billion dollars by 2020, and this convention will focus on helping New Englanders get involved in this amazing growth opportunity.   With over 5,000 attendees, 150 industry exhibitors, and 100+ local and national speakers, this will be the largest Cannabis and Hemp Industry event ever in the Northeast.

NECANN_GreenBlackProgramming for the event will feature four separate tracks covering all aspects of the industry:

  1. Cannabis careers, businesses, and investment opportunities
  2. Marijuana as Medicine
  3. Live demos on growing, cloning, processing, and more
  4. An “Education Village” hosted by MassCan/NORML where attendees can get information and advice in a one-on-one setting on all industry-related topics.  Also new this year will be a live “Shark Tank” style Canna-Pitch Slam where local entrepreneurs will pitch their business ideas to a panel of cannabis industry investment professionals.

Speakers include a variety of leaders in the cannabis industry including:

  • Rob Kampia, – Executive Director, Marijuana Policy Project
  • Scott Greiper – President, Viridian Capital Advisors
  • Rob Hunt – Partner, Tuatara Capital 
  • Nichole Snow – Executive Director, Massachusetts Patient Advocacy Alliance
  • Beth Waterfall – Chair of Women Grow: Boston
  • Nic Easley – Founder/CEO, Comprehensive Cannabis Consulting (3C) 

“Over the last 12 months, huge progress has been made towards the normalization of cannabis use in New England and around the country, said Marc Shepard, co-founder of NECANN.  “With legalization spreading throughout the region, we’re excited to be hosting the essential networking hub for local businesses, investors, and entrepreneurs to meet and grow, while also providing much-needed knowledge and resources for medical marijuana patients and advocates,” Shepard concluded.

[youtube http://www.youtube.com/watch?v=9RUzqWXMgaU&w=560&h=315]

Attendees at the event will get the opportunity to network with the over 150 local and national Cannabis Industry businesses, talk with doctors and health care providers, explore investment & career opportunities, connect with advocacy groups, see the latest developments in lighting, soil, and growing equipment, and purchase a huge variety of the latest smoking, vaping, and storage accessories.

After hosting a series of four smaller successful events in 2015 (over 10,000 attendees), the New England Cannabis Network held its first event at the Hynes in 2016, attracting over 4,000 attendees from all over New England and beyond.

Registration for the event can be purchased online at www.necann.com.  A limited amount of tickets will also be sold on-site on the days of the shows.  The full programming schedule is available at  www.necann.com/programming.

Location

  • Hynes Convention Center, 900 Boylston Street, Boston, MA

Hours

  • Saturday, April 22, 10:00 AM – 6:00 PM
  • Sunday, April 23, 10:00 AM – 6:00 PM

*- Box office closes one hour prior to Show closing each day.

Admission

  • Patients, Advocates, Caregivers (PAC)
  • One Day Registration: $20 online, $25 onsite
  • Two Day Registration: $30 online, $35 onsite
  • Business, Investment, Career (BIC)
  • One Day Registration: $50 online, $60 onsite
  • Two Day Registration: $75 online, $85 onsite

*Must be 18+ to attend NECANN.  Children under 18 MUST be accompanied by an adult.  ID is required.

NO smoking, vaping, dabbing, etc. ANYWHERE at the Hynes Convention Center.

 

New England’s Largest Cannabis Convention Returns To Boston’s Hynes Convention Center April 22nd-23rd

MASSACHUSETTS: The New England Cannabis Network will be hosting the 3rd Annual New England Cannabis Convention at the Hynes Convention Center in Boston on April 22nd and 23rd. With over 5,000 attendees, 150 industry exhibitors, and 100+ local and national speakers, this will be the largest Cannabis and Hemp Industry event ever in the northeast. With medical and recreational cannabis sales in Maine and Massachusetts are projected to exceed 1.5 billion dollars by 2020, and this expo focuses on helping New Englanders get involved in this amazing growth opportunity.

Programming for the event will feature three separate tracks covering all aspects of the industry:

(1) Cannabis careers, businesses, and investment opportunities, (2) Marijuana as Medicine (3) Live demos on growing, cloning, tinctures, and more. There will also be an “Education Village” hosted by MassCan/NORML where attendees can get information and advice in a one-on-one setting on all industry-related topics.

This year’s event will also feature the premier of the New England Growers Cup, the region’s first ever competition for legal recreational cannabis home-growers. A live Awards Show will recognize winners in 13 categories including flower, extracts, edibles, vape pens, and non-solvent hash. Also new this year will be a live “shark-tank” style Canna-Pitch Slam where local entrepreneurs will pitch their business ideas live to a panel of cannabis industry investment professionals.

Attendees at the event will also get the opportunity to network with the over 150 local & national Cannabis Industry businesses, talk with doctors & health care providers, explore investment & career opportunities, connect with advocacy groups, see the latest developments in lighting, soil, and growing equipment, and purchase a huge variety of the latest smoking, vaping, and storage accessories.

After hosting a series of four smaller successful events in 2015 (over 10,000 attendees), NECANN hosted its first event at the Hynes in 2016, attracting over 3,500 attendees from all over New England and beyond. The legalization of recreational cannabis use in both Maine and Massachusetts last November will bring an enormous increase in national attention to the region in 2017. “Over the last 12 months, huge progress has been made towards the normalization of cannabis use in New England, and around the country.  With legalization spreading throughout the region, we’re excited to be hosting the essential networking hub for local, businesses, investors, and entrepreneurs to meet and grow, while also providing much-needed knowledge and resources for medical marijuana patients and advocates” said Marc Shepard,

Co-Founder of NECANN. “For anyone who is interested in seeing the true scope of this industry, including the opportunites and enormous potential, this is the place to be.”

The convention is 18+ (children under 18 must be accompanied by adult), and no smoking or vaping is allowed in the building. Registration for the event can be bought online at: www.NECANN.com.  A limited amount of tickets will also be available at the Hynes on the days of the shows.

Full Programming Schedule: www.necann.com/programming

Massachusetts Marijuana Sales To Top $1 Billion By 2020

MASSACHUSETTS: Arcview Market Research, in partnership with New Frontier Data, has released its Massachusetts Legal Cannabis Market State Profile, which shows the potential growth of the legal marijuana market after Massachusetts voters legalized adult-use on Election Night 2016. The official Arcview Market Research projection for the Massachusetts market is that it will grow to over $1 billion by 2020 at a compound annual growth rate of 113%.

“Unlike other places where cannabis is legal, Boston is within driving distance of many of the most populous places in America. This will make Boston the cannabis capital of the world in short order. This cannabis tourism will drive significant revenue, tax dollars, and job growth which will make legalization very attractive to neighboring states,” said Troy Dayton, CEO of The Arcview Group.

“As one of only two states on the East Coast to legalize cannabis for adult use, Massachusetts represents a significant opportunity for business owners and entrepreneurs in the space. The law does not limit product forms nor does it cap retail dispensary licenses, which are both factors that will positively contribute toward the billion dollars in sales projected by 2020,” said New Frontier Data Founder & CEO, Giadha Aguirre DeCarcer.

Over the next four years, the legal cannabis market in Massachusetts is forecast to grow from $52.0 million in 2016 solely from medical use sales, to an estimated $1.07 billion in 2020 with medical and adult use sales combined. The full regulatory structure and key program details of the adult use market remain to be determined, and the market could take a few different directions depending on the actions of the Massachusetts Cannabis Control Commission and local municipalities across the state. However, the broad parameters of the law create an opportunity for an open and expansive market.

Key trends that will be critical in shaping the growth and evolution of Massachusetts’ market covered in the report are:

  • Interplay between the medical and adult use markets
  • Competition from bordering states with legal medical and adult use programs
  • Regional, national, and international tourism demand
  • Physician participation and its impact on medical program growth

If you would like more information on Massachusetts’ legal cannabis markets, you can download the 2016 Massachusetts Legal Cannabis Market State Profile at www.ArcviewMarketResearch.com and the report can be ordered for $249.

 

Massachusetts State Senators In Colorado To Study Marijuana

MASSACHUSETTS: Eight state senators are flying into Colorado this week for a primer on life in a state that has already legalized marijuana, in case Massachusetts voters follow suit this November and lawmakers have to decide quickly how to respond.

They’re poised to see a cultivation facility, tour a marijuana dispensary, and pepper top state, municipal, and law-enforcement officials with questions about the implementation of the voter-approved law. The four-day trip is being arranged and paid for by the New York-based Milbank Memorial Fund, which describes itself as a nonpartisan health policy foundation.

While lawmakers regularly travel to educate themselves about issues of public import, the context for the Colorado trip makes it unusual: Beacon Hill leaders have made clear there is not the political interest or will to pass a legalization bill, but they have floated the idea of tinkering with a legalization law, if it garners sufficient signatures to make the statewide ballot and if voters approve it.

Massachusetts Supreme Court Justice Bans Police Stops Solely For Suspected Marijuana

MASSACHUSETTS: In a decision hailed by civil rights advocates and supporters of marijuana legalization, the state’s highest court ruled Tuesday that police cannot stop motorists solely because they suspect the vehicle’s occupants are in possession of the drug.

The Supreme Judicial Court based its 5-2 ruling largely on a measure that voters approved in 2008 that reduced possession of an ounce or less of marijuana from a criminal offense to a civil violation punishable by a fine.

“Permitting police to stop a vehicle based on reasonable suspicion that an occupant possesses marijuana does not serve [the] objectives” of the law change, Justice Margot Botsford wrote for the majority.

Massachusetts Marijuana Groups Seek Pot Legalization Vote

MASSACHUSETTS: Two marijuana advocacy groups on Wednesday are set to submit proposed ballot initiatives that would allow Massachusetts voters to decide whether to legalize recreational pot smoking in the state.

The initiatives could become part of a wave of similar measures put before voters in a half-dozen U.S. states in 2016 as pro-marijuana groups follow a strategy that has already legalized the drug in four states plus the District of Columbia.

The proposals from the Campaign to Regulate Marijuana Like Alcohol and the Bay State Repeal say legalizing the drug in Massachusetts would bow to the reality that marijuana use is widespread in the United States. They say legalization would make it easier to regulate its sale and prevent people under 21 years of age from obtaining it.

Boston Mayor Willing To Lead Charge Against Legalized Marijuana

MASSACHUSETTS: Boston Mayor Marty Walsh says he’s more than willing to lead the charge against the legalization of pot in Massachusetts.

Supporters of legalized marijuana are working to put the issue on the ballot for voters to decide in 2016.

Walsh told WBZ NewsRadio 1030 Monday that making pot legal would be a “slippery slope.”

“Not everyone that smokes marijuana becomes an addict,” said Walsh, who is a recovering alcoholic. “But most of the folks that I know that are having issues with drugs started with marijuana.”

Four states currently allow for recreational marijuana use, while the Bay State has legalized pot for medicinal purposes only.