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Washington, D.C. To Give Minorities Preference for Getting into MMJ Industry
Members of the Washington D.C. Council advanced legislation to give local minority-owned companies a preference when applying for licenses to operate medical marijuana businesses.
While states generally don’t track the race and ethnicity of weed license applicants, it’s obvious to anyone who hasn’t been living under a rock for the past decade that most dispensaries and the vast majority of growing operations around the country are overwhelmingly dominated by white men.
This lack of minority representation is especially problematic given that African Americans were—and still are—disproportionately arrested and incarcerated during the War on Drugs, according to the American Civil Liberties Union (ACLU).
Marijuana use is roughly equal among blacks and whites, yet blacks are 3.73 times as likely to be arrested for possession, noteed the ACLU.
Balkan States Move Toward Medical Marijuana
Three of the Balkan states to emerge from the ashes of Yugoslavia a generation ago are now among the first countries in the ex-communist world to move toward embracing medical marijuana.
Australian firm MGC Pharmaceuticals just announced a deal to distribute its cannabis-derived products in Slovenia, Croatia and Bosnia. MGC is partnering with the Slovenian supplier Mikro+Polo to market its phytocannabinoid-derived Active Pharmaceutical Ingredients (APIs) in the three countries, according to Australia’s Business News.
Perth-based MGC was established three years ago by veterans of the Israeli medical marijuana industry. Late last year, it harvested its first test crop of cannabis in Slovenia and has established a facility in the country’s capital, Ljubljana, where it is isolating cannabidiol (CBD) for use in its products, including a CBD-infused skincare ointment.
High Hopes Ride on Marijuana Amid Opioid Crisis
This medical marijuana start-up uses artificial intelligence to find which strain is best for you
Artificial intelligence is being used to improve banking, marketing, the legal field — and now to find which one of the more than 30,000 strains of medical marijuana is best for you.
Potbot uses AI to "read" through peer-reviewed medical journals to find studies on cannabinoids, the active compounds in marijuana. Using the research, it pairs 37 symptoms like insomnia, asthma and cancer with branded marijuana strains to find which type of weed is best suited to treat each one.
The company has raised $5 million to date, according to Potbotics CEO David Goldstein. Part of the reason for its success is the technology doesn't actually involve marijuana directly, making it completely legal he said. The app is available in Apple's App Store and the Google Play store. In addition, the bigger pharmaceutical companies haven't entered the space, giving the marijuana industry a "start-up mentality."
Pa. defends choice of a medical marijuana grower
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