News

Questions remain over social equity licenses

New Colorado marijuana business licenses reserved for low-income demographics will launch next year. However, questions remain about who exactly qualifies for the licenses and how those licenses should be regulated. 

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Colorado Leads Welcomes
U.S. Senator Cory Gardner

Colorado Leads members last week met with U.S. Sen. Cory Gardner, who introduced the STATES Act with Massachusetts Democrat U.S. Sen. Elizabeth Warren. The bill would amend the Controlled Substances Act so states have the right to decide whether to legalize marijuana without facing repercussions from federal law enforcement.  

Gardner noted that the winds of change are moving slowly through Congress, but they are blowing in the right direction.  Senators who wouldn’t touch the issue a year or two ago are now open to discussing it. 

Gardner is also a co-sponsor of the SAFE Banking Act, which would prevent federal banking regulators from prosecuting banks for working with cannabis-related businesses that comply with state laws.

The playing field

Marketwatch takes a deep dive into the mixed results of cannabis equity programs, the hurdles facing people of color trying to break into the cannabis industry and some prominent figures in the industry who made equity and diversity a cornerstone of their business plan. 

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All the news…

Guaranteed to be the top-clicked story in the newsletter 

 We were going to ignore this . . . but just couldn’t.  Cannabis and sex.  Read More »

Getting what you need 

Americans for Safe Access have put out a U.S. travel guide for medical cannabis patients so they have access to safe and legal cannabis.

There are currently 47 states and four territories with some form of a medical cannabis law, but the rights and privileges they extend to medical cannabis patients vary among them. As a result, patients who travel for personal or employment reasons can find themselves unsure as to how to access medical cannabis in an unfamiliar place.” More »

Thinking outside the box 

States with marijuana dispensaries flush with cash are exploring banking workarounds using credit unions, digital currencies, and payment apps. More »

We got this

An interesting Q and A with Natalie Riggins, program manager for the Colorado Department of Public Health and Environment MMJ Registry, who discusses implementation of new legislation on medical marijuana.

Westword Article »

Related: Doctors can recommend cannabis in place of opioids Read »

Cannabis love connection 

When cannabis is featured as the way two people met, fell in love and got married in the Vows section of The New York Times, you know things have changed.
Read »

NIMBYers take note

The impacts of regulated retail dispensaries is associated with a decrease in local criminal activity, according to a new study in Regional Science and Urban Economics. The study was conducted in Denver. 

“Overall, our results suggest that dispensaries cause an overall reduction in crime in neighborhoods, with no evidence of spillovers to surrounding neighborhoods. … Our results are consistent with theories that predict that marijuana legalization will displace illicit criminal organizations and decrease crime through changes in security behaviors or substitution toward more harmful substances. … Lastly, there is no evidence that increased marijuana use itself results in additional crime.”

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CBD and Parkinson’s 

CU Anschutz researchers jumped through seemingly endless government hoops to study CBD and Parkinson’s. What they found is that participants reported they felt less irritable and that they were sleeping better. They even saw that some of their motor symptoms, including stiffness and slowness, improved.

The researchers are helping others navigate the red tape to do more studies. 

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File under “trust, but verify”

President Trump said last week that his administration is allowing states to set their own marijuana policies.

“We’re going to see what’s going on. It’s a very big subject and right now we are allowing states to make that decision,” Trump said. “A lot of states are making that decision, but we’re allowing states to make that decision.”

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Streamlining Denver 

City regulators are streamlining the application and inspection processes for marijuana license transfer of ownership.  Information » 

Bloomberg looks at how states are working to create solutions to take tax payments from marijuana businesses.

We leave you with this . . . 

U.S. Surgeon General Dr. Jerome Adams says cannabis is three times stronger now than in the 1990s. “This ain’t your mother’s marijuana,” he said a week ago.  

Arguing against this position is Canadian Dana Larsen, whose Twitter thread is well worth the read. We promise. 

You need a J-O-B? The cannabis industry might have one

 

There are now more than 211,000 cannabis jobs across the United States (296,000 if indirect jobs are included). More than 64,000 of those jobs were added in 2018. That’s enough people to fill Chicago’s Soldier Field, with 3,000 more tailgating outside. 

The number of “plant-touching” jobs is expected to pass 500,000 by 2022 and employ 630,000 people by 2025, according to New Frontier Data, a cannabis market research and data analysis firm. 

These jobs don’t take into account industries that rely on the cannabis economy, including financial, legal, real estate, construction and other professional services. And because cannabis remains illegal at the federal level, employment data agencies such as the Bureau of Labor Statistics don’t track jobs related to the cannabis industry. 

Medical licenses drop as recreational sales jump


Colorado medical licenses
decline as recreational sales increase.  Last year, 66 percent of the total pounds of marijuana flowers and 86 percent of the total units of edibles were for recreational use.

Read Denver Post Article »

With no historical data, projecting cannabis tax revenue is difficult

The Pew Charitable Trusts looks at the inherent difficulties in projecting tax revenues in states with legal cannabis. The report includes some interesting graphics comparing Colorado to other states.  

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Did you know Polis prints his business cards on hemp paper?

Colorado Gov. Jared Polis Polis outlined his plan for making hemp an agricultural mainstay in Colorado. Currently, 62,000 acres are allotted for hemp farming, which Polis wants to increase by 20 percent next year by speeding up registration procedures for farmers.

Read Westword Article »

Medical News 

 

Harvard University’s Dana-Farber Cancer Institute found a chemical in cannabis that has demonstrated “significant therapy potential” in treatment of pancreatic cancer.  The study is the first to show not only a potential new treatment for pancreatic cancer, but other cancers.  The scientists were “startled” to find the cannabis was capable of attacking other cancer cells.