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Cannabis Business Times Newsletter
Cannabis Business Times Newsletter

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Cannabis Business Times

Flower Sales Top The Chart

Does Cannabis Market Maturity Impact Product Selection?

Does Cannabis Market Maturity Impact Product Selection?

2020 sales trends reveal consumer preferences across the new to seasoned cannabis adult-use markets of Michigan, Massachusetts and Oregon.

Texas Storm Brings Regulations to Light

How Texas Original Compassionate Cultivation Weathered the State’s Winter Storm

CEO Morris Denton speaks with CBT & CD about the storm’s setbacks, and how he hopes the resulting supply chain bottlenecks could be alleviated in future weather events.

Segra, BioAgronomics Team Up To Distribute Cultivars

Segra Enters Agreement Making BioAgronomics Group’s Premium Cannabis Cultivar Portfolio Available to Licensed Producers Across Canada and Select International Markets

Segra makes its premium genetic catalog available to Canadian licensed producers and select international markets.

100 Dispensaries Aim to Open Doors in West Virginia

Dispensaries Prepare to Sell Medical Cannabis in West Virginia

Businesses are aiming to get dispensaries open as soon as possible to provide patients with the highest quality care and medicine.

Adult-Use Bill Carries Republican Sponsor in Pennsylvania

Pennsylvania State Senators Team Up to Introduce Bipartisan Adult-Use Cannabis Legislation

Sen. Dan Laughlin becomes the first Republican in the Pennsylvania legislature to sponsor cannabis legalization; Sen. Sharif Street is Democrat sponsor.

To Regulate or Not to Regulate

Texans were cut off from basic needs like water and electricity when last week’s winter storm left them hunkering down in the dark with extra blankets, exposing a need for additional infrastructure in their state and surrounding region.

At Texas Original Compassionate Cultivation (TOCC), a vertically integrated medical cannabis company on the outskirts of Austin, the deep freeze left delivery drivers immobilized by hazardous road conditions, Contributing Editor Cassie Neiden Tomaselli wrote this week. The biggest challenge TOCC faced was its ability to get medicine from its facility to throughout Texas, as was a result of “burdensome” regulations imposed by Texas’ Compassionate-Use Program, according to company CEO Morris Denton.

The law that governs the medical use of low-THC cannabis by patients diagnosed with seizure disorders, multiple sclerosis, spasticity, terminal cancer and other ailments, the Compassionate-Use Program restricts companies like TOCC from storing its inventory anywhere except at its headquartered facility near Austin. As a result, TOCC had several patients whom delivery drivers could not serve because roads were impassable for a period of 48 to 72 hours.

As the cannabis industry continues to evolve, so too do the regulations associated with the market. In California, cannabis and hemp-derived products became subject to new Proposition 65 warning requirements last month, with “cannabis smoke” getting added to an updated list of chemicals known to the state as a reproductive toxin causing developmental harm.

Regulations are needed elsewhere, notably in the form of the Secure And Fair Enforcement (SAFE) Banking Act, which would provide businesses more traditional financing options that would open additional capital streams and allow the cannabis industry to grow.

Another regulation the cannabis sector has been waiting for is the U.S. Food and Drug Administration’s Cannabidiol (CBD) Enforcement Policy, which industry experts anticipate would have some guidance in carving out a clear pathway for producers of CBD as a dietary supplement to grow in the marketplace.

As the cannabis industry matures, it becomes more clear what regulations are needed and what regulations are not needed. Government entities must be willing to adapt to those demands.

-Tony Lange, Associate Editor

GIE Media, Inc. 5811 Canal Road, Valley View, Ohio 44125

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