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The HIA Challenges the DEA’s Recent CBD Code

Category: News | Posted on Sat, January, 21st 2017 by THCFinder

The HIA has filed a petition for a review of the DEA’s recent internal changes which gave a specific code to CBD and CBD-derived products.

Back in December we wrote about a statement issued by the DEA that said that under “Final Rule—Establishment of a New Drug Code for Marihuana Extract” that a specific code for CBD and products containing cannabinoid would be established. This move immediately triggered confusion and uncertainty in the hemp industry.

Now the Hemp Industries Association, along with other companies, have officially filled a petition for review of this change. The petitioners are seeking clear judicial answers to the possible implications of this type of change. While the DEA said this change was only to improve the internal tracking of CBD in medicinal research, many argue that the move classifies CBD as a Schedule 1 drug – which is a power that the DEA doesn’t have.

Read More:https://www.theweedblog.com/hia-challenges-dea-recent-cbd-code/


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Americans and Canadians Spent $53.3 Billion on Weed Last Year

Category: News | Posted on Thu, January, 19th 2017 by THCFinder

U.S. and Canadian weed consumers plopped down $53.3 billion for legal and illegal marijuana in 2016, according to a new report from Arcview Market Research. However, the vast majority of those transactions took place on the black market.

Still, this is more money than Americans spent at McDonald’s and Starbucks combined, according to QSR Magazine.

Arcview’s 22-page executive summary for the “State of Legal Marijuana Markets” estimated that the black market still accounts for 87 percent of marijuana sales, down 90 percent in 2015.

The North American legal weed market posted $6.9 billion in revenue in 2016 alone, a 30 percent increase from the year before—meaning that it’s growing as fast as broadband internet grew in the 2000s, according to the Pew Research Center.

But, still, it sounds like quite a bit of revenue is going into the illegal market.

Read More:http://hightimes.com/news/americans-and-canadians-spent-53-3-billion-on-weed-last-year/


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Cannabis Software Companies Seek to Legitimize the Marijuana Industry and Cash In

Category: News | Posted on Wed, January, 18th 2017 by THCFinder

Even though California was the first state to legalize medical marijuana and is the largest legal marijuana market in the country, it has not yet adapted a system for the government to track product. These kinds of protocols, similar to those that exist for pharmaceuticals, have become standard in other legal states.

In Colorado, Radio-Frequency Identification (RFID) chips track plants from grow rooms to the dispensary, even if a plant is ultimately processed into an edible or vaping oil. By having a record of every legal plant in the state, regulators can ensure, among other things, that legally grown product is sold according to code.

Next month, California will begin accepting proposals from the companies that want to sell California a platform for tracking pot throughout the state. It’s a way to ensure that “businesses will be run like
a regular business as opposed to operating like drug dealers," says David Dinenberg, CEO of L.A.-based Kind Financial, one of the companies planning to bid on the state contract.

Read More:http://www.laweekly.com/news/cannabis-software-companies-seek-to-legitimize-the-marijuana-industry-and-cash-in-7820765


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Canna-lady Care: Woman donates kidney to Marijuana Dispensary Co-worker

Category: News | Posted on Wed, January, 18th 2017 by THCFinder

All of you who know me know what a huge proponent I am for women in the cannabis industry, and really for women overall. I heard about this story about a group of women at a dispensary in Sacramento, California called River City Phoenix (RCP) and found it so touching I had to share it.

It speaks volumes about the community that is created amongst co-workers, and particularly amongst women, in the world of cannabis as we all try and wade through these unchartered waters for the first time alongside each other.

Sacramento based River City Phoenix (RCP) has been supplying patients with cannabis based medicine since 2010. In that time, RCP has grown to be one of California’s largest and most respected medical marijuana dispensaries.

Read More:https://www.theweedblog.com/canna-lady-care-woman-donates-kidney-marijuana-dispensary-co-worker/


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Florida Man Kills Intruder, Charged With Marijuana Crime

Category: News | Posted on Wed, January, 18th 2017 by THCFinder

A Florida man, who was forced to kill an intruder who invaded his home over the weekend, could now be facing a stiff prison term for a couple of marijuana-related offenses.

Reports indicate that 37-year-old Michael Mora of Hialeah (Miami-Dade County) was hanging around the house on Saturday afternoon when four men came blasting in with blitzkrieg enthusiasm and attempted to rob him.

However, before this group of thugs could gain control of the house, Mora whipped out a pistol and retaliated with rounds of lead, killing one of the assailants. The other three scoundrels managed to escape, making their getaway in a green car, according to CBS Miami.

Reaqd More:http://hightimes.com/news/florida-man-kills-intruder-charged-with-marijuana-crime/


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Pot Reforms Flood State Legislatures

Category: News | Posted on Tue, January, 17th 2017 by THCFinder

In a race to nail down legalization before the unspeakable happens, legislators in more than a dozen states have introduced measures to loosen laws restricting access to or criminalizing marijuana.

Advocates who support legal medical and recreational weed, which is now up to 60 percent in the U.S., seem to feel the urge to express their support to their corresponding officials and beyond.

The patchwork of various measures, laws, rules and restrictions that govern legal marijuana in 28 states could be propelling the urge for some type of continuity and consolidation, as we come ever closer to having an attorney general who has said “good people don’t smoke marijuana.”

Several states are taking early steps toward decriminalizing possession of small amounts of marijuana, reported the Hill.

Read More:http://hightimes.com/news/pot-reforms-flood-state-legislatures/


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