SAFE Banking Stripped from COMPETES After weeks of cannabis industry hope for passage of the SAFE Banking Act, Congressional leaders--at the insistence of Republicans-- have removed SAFE banking language for the likely-to-pass America Competes bill. Rep. Ed Perlmutter(D-CO)--the 6 year sponsor of SAFE-- again asked why the Senate has been unable to deal with this bill for 3 years. "In the wake of the Senate’s inaction, people continue to be killed and businesses continue to be robbed," said Perlmutter, who is retiring this year. "I will continue to push for SAFE to be included in COMPETES, other legislative vehicles, or for the Senate to finally take up the standalone version of the bill which has been sitting in the Senate for three and a half years," he added. An recent analysis from U.S. Treasury department estimates, only about ten percent of all banks and roughly four percent of all credit unions provide services to licensed cannabis-related businesses. A SAFE-Plus standalone bill is under discussion-- adding some provisions of Rep. David Joyce's HOPE Act(including national expungements) -- but nothing will be advanced until COAO is filed by leader Sen Chuck Schumer(D-NY). With the clock running down to a fall deadline for legislation, another long-shot push could attempt a lame-duck session passage.
Above: More than 400 national marketing experts gathered June 7-9 for the Cannabis Marketing Summit at Denver's McNichols Event Center. CMA and NXTeck also released results of their "Digital Marketing Survey (below) free at https://bit.ly/39wHayl . CMA panelists(above) included an expert M&A discussion with (far left) Curaleaf s.v.p. for Corporate Development Khadijah Tribble, VS co-founder Brian Vicente, WANA Brands founder/CEO Nancy Whiteman and MJ Biz CEO Chris Walsh(right). See the West420 conference coverage at https://bit.ly/3zDRuzf
FDA Science Board June 14, 2022
The new chair of the FDA's Cannabis Product Committee, Dr. Janet Woodcock, leads several other FDA experts as they review issues surrounding future pathways for CBD, THC and minor cannabinoid research needs for regulatory review. While no video was made, this link provides the day's 92 powerpoint slides https://www.fda.gov/media/159252/download
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Mace Out Polls Despite Cannabis Attacks Open in Your Browser for Images
SC's Mace Wins Primary; SRA Pushes On -- Attacked by her opponent for her pro-cannabis work-- first-term Congresswoman Rep. Nancy Mace (R-SC) survived the June 14th primary challenge, and will likely be re-elected in November. As author of the SRA (States Reform Act) Mace fought backlash from South Carolina's Republican party, Donald Trump, and opponent Kate Arrington, who demanded that Mace "get a drug test." But U.S. Cannabis Council executive director Steve Hawkins says the contest-- in deep-red S.C. shows "politicians who bet against reform and use cannabis as a punchline do so at their own peril," adding "Arrington thought GOP primary voters would abandon Mace over cannabis reform, but that's an outdated playbook. Cannabis reform enjoys growing and bipartisan support across the nation," said Hawkins.
Charleston businessman and boyfriend Patrick Bryant asked Mace(who said yes) to marry him during the Spring campaign, making this her third marriage. Following up on his luxury cigar venture in S.C., Bryant is also the founder of "Shine Papers," a 24-karat gold rolling paper. Mace says she became a champion or medicinal MJ after it helped her heal from a teenage rape. Prospects for a Washington hearing on her SRA bill remain elusive. See her victory comments at:https://www.nytimes.com/2022/06/14/us/politics/nancy-mace-south-carolina.html
CMA, AWH Abner Kurtin, and FDA's Science Board CBD Hearing Replays and Special Mktg Report along with FDA Science Board Slides From June 14 Meeting
Above: More than 400 national marketing experts gathered June 7-9 for the Cannabis Marketing Summit at Denver's McNichols Event Center. CMA and NXTeck also released results of their "Digital Marketing Survey (below) free at https://bit.ly/39wHayl . CMA panelists(below) included an expert M&A discussion with (far left) Curaleaf s.v.p. for Corporate Responsibility Khadijah Tribble, Vicente Sederberg co-founder Brian Vicente, WANA Brands founder/CEO Nancy Whiteman and MJ Biz CEO Chris Walsh(right). See the West420 conference coverage at https://bit.ly/3zDRuzf
FDA Science Board June 14, 2022
The new chair of the FDA's Cannabis Product Committee, Dr. Janet Woodcock, leads several other FDA experts as they review issues surrounding future pathways for CBD, THC and minor cannabinoids regulation, and the various clinical research sought. While no video was made, this link provides the day's 92 powerpoint slides https://www.fda.gov/media/159252/download
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Replays: Jim Belush, Steve DeAngelo & Heidi Klum Open in Your Browser for Images
PBS host and global travel guru Rick Steves has actively worked for MJ legalization. Now, in his role as chairman of NORML, Steves has committed $100,000 of his own funds for a major matching fund drive.Steves wrote this week: "Prohibitionist groups across the country are fundraising and spending money to defeat any pro-marijuana ballot initiatives and also to try to knock out our legalization-supporting allies in Congress. These regressive and reactionary forces are working to roll back civil liberties across our country. And I can’t just stand by. So, I’m putting my money where my heart is. And we need your help too. Here’s the deal: I’ll match all donations up to $100,000 - so your donation to NORML will have double the impact in our fight to take the crime out of the marijuana equation. If you can help out too, I know we can pass legalization in several more states this fall."
And there’s more! When you send NORML a donation of $100 or more, I’ll personally send you a copy of my newest book, On the Hippie Trail. (It’s a 180-page journal of my 1978 trip from Istanbul to Kathmandu when I was just 23) Find the NORML donation page at: https://bit.ly/3PWV4Ko
Major Live Events for June
Cannabis Marketing Assn:-- Tue June 7th- Welcome Party(4-6)
WEDNESDAY, JUNE 8
8:00 – 8:45 am: Coffee & Networking sponsored by Lucid Green
8:45 – 9:15 am: Opening Remarks featuring Lisa Buffo
FIGHT FOR SAFE BANKING -- With over 30 senators expressing support, the next few weeks are critical for more Republican support. Please emailing Sen. Pat Toomey(R-PA), Conference Ranking member athttps://www.toomey.senate.gov/contact/email-senator-toomey
Replays and Special Celebrity Broadcasts: Steve DeAngelo (New York), Heidi Klum(Germany) and Jim Belushi (Oregon) along with VS Webinar Repeat.
MAY brought several events to NEW YORK including the 2nd MJ UNpacked. Above, a panel "A Movement So New" from SouthXSouthwest is viewable athttps://www.youtube.com/watch?v=h-WwYZNW6Bc . Below--Superstar Heidi Klum is a surprise proponent for Germany's move to legalization with several reported meetings last week. According to a report in the English Times from two days ago (Friday), the supermodel recently met with the Secretary for Drug Addictions on behalf of the German Ministry of Health, Burkhard Blinard. In addition to Klum and Blinard, the meeting was attended by the CEO of the German medical cannabis company Sanity Group, and although it is not clear what the details of the meeting were, the German Bild reported that the three discussed the legalization of cannabis, and Klum’s intentions to invest in the German cannabis industry. Below: Repeat of the expert panel on minor intoxicvating cannabinoids, and legal issues. From Vicente Sederberg, at https://www.youtube.com/watch?v=vhEeFrYi_8M And catch a special MJBiz podcast, "SeedToCEO" with entertainer and Oregon pot farmer Jim Belushi.
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Live Shows Coming to New York -- Open in Your Browser for Images
SHOW & TELL AT SETH ROGAN'S HOUSEPLANT --- Get a look inside the creative minds -- and home office-- for cannabis enthusiast Seth Rogan and team. This Architectural Digest(April 26) visit details the creative process at HousePlant, offering consumers MJ-related home goods and how to "furnish" the cannabis experience. Seth endorses decorating with items that speak to your taste—whether that be a stylish record player, retro letter sign, or a vintage arcade game:
Orbit Special Walnut Turntable with Built-In Pre Amp: https://fave.co/3Ozp1Qg
My Cinema Lightbox: https://amzn.to/3vFxGaZ (Similar)
N2fun Mame/Hyperspin Upright Arcade Game: https://fave.co/3EIDJjj
Sessions start at 8:30EST, and end at 5pm(EST). Below: 2pm EST panel with Kim Rivers(Trulieve), Jamie Pearson (Bhang) and Beau Whitney (MJ Economist), then at 3pm (EST) an expert panel on medical MJ with Dr. Staci Gruber(Harvard Medicine), Sandra Carillo (Panama Unis) and Tengku Ibrahim (Halai Hemp). See the full schedule at: https://regenerativecannabislive.com/
Upcoming Webinar Virtual Events
Live Events Slated for May & June
Rivers & Joyce Look Into Congress Moves-- Brittney Griner Media Reports & Vape Risks
Above: Trulieve CEO Kim Rivers joins Rep. David Joyce(R-OH) to talk about the need for Congressional cannabis action at the April 20-21 Benzinga conference in Miami. Joyce and Rep. Alexandria Ocasio- Cortez(D-NY) are the sponsors of the HOPE Act--specifically written to address supporting national efforts at mass-expungements and records clearing for low-level drug charges. Beyond DC lobbying, Joyce suggests all cannabis firms reach out to their member of Congress to tell them about their businesses, and even to offer tours. POLITICO updates the pending consideration of SAFE banking act at: https://thehill.com/news/senate/3476119-momentum-builds-in-senate-for-major-cannabis-bill/
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US citizen and Marine veteran Trevor Reed was released from Russia last week, and on May 3, the Biden administration elevated it's demand for the return of WNBA basketball star Brittney Griner (below)--arrested in mid-February for having two cannabis vape carts.
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Dexter Eugene Jackson – Athens, Georgia-- Jackson is a 52-year-old man who was convicted in 2002 for using his business to facilitate the distribution of marijuana in the Northern District of Georgia. Jackson was not personally involved in trafficking marijuana, but allowed marijuana distributors to use his pool hall to facilitate drug transactions. He accepted full responsibility for his actions at the time he was charged, and pled guilty. Since his release from custody, Mr. Jackson has converted his business into a cell-phone repair service, and also worked to build and renovate homes in a community that lacks quality affordable housing.
2-- Jose Luis Colunga – Juniata, Nebraska
Offense: Conspiracy to distribute and possession with intent to distribute 1,000 kilograms or more of marijuana in Tennessee. Sentence: 240 months of imprisonment, 10-year term of supervised release (July 13, 2010).
3-Stacie Demers – Constable, New York
Offense: Conspiracy to possess with intent to distribute marijuana; aiding and abetting the possession with intent to distribute marijuana (New York). Sentence: 120 months of imprisonment, five-year term of supervised release (October 26, 2016). Commutation Grant: Sentence commuted to expire on April 26, 2023
4-Carry Le – Duluth, Georgia
Offense: Conspiracy to possess with intent to distribute 1,000 or more marijuana plants (Texas) Sentence: 120 months of imprisonment, five-year term of supervised release (March 4, 2016). Commutation Grant: Sentence commuted to expire on April 26, 2023
5- Paul A. Lupercio – Blue Springs, Missouri
Offense: Conspiracy to distribute 1,000 kilograms or more of marijuana and 5 kilograms or more of cocaine (Missouri). Sentence: 240 months of imprisonment. Commutation Grant: Sentence to expire on August 24, 2022
6-Quang Nguyen – Houston, Texas
Offense: Conspiracy to possess with intent to distribute 1,000 or more marijuana plants (Texas).Sentence: 120 months of imprisonment, five-year term of supervised release (March 30, 2017).
7-Fermin Serna – Rio Grande City, Texas
Offense: Conspiracy to possess with intent to distribute in excess of 1,000 kilograms of marijuana, (Texas). Sentence: 240 months of imprisonment, commuted to expire on August 24, 2022, leaving intact and in effect the 10-year term of supervised release.
Upcoming Webinar Virtual Events
Live Hemp/MJ Events in May
New Jersey Kicks Off-- Media Reports
Replays: VS Minor Cannabinoids --- ArcView: Deal Breakups
JERSEY REC KICKOFFS AT 12 STORES---His 3:30am arrival at the Patterson(NJ) dispensary of RISE (Green Thumb Industries) cemented 23-year old Dan Garcia(above) as one of New Jersey's first adult-use customers on April 21. MJ Biz estimates this year's RMJ haul will sell $625 to $775Mil., rising to 2026 estimated sales of $2-$2.4Bil. Thirteen MMJ stores-- which now service more than 120,000 NJ patients-- have told state officials they will have adequate MJ supplies to keep medical access served, and also start RMJ sales as typical top shelf flower sells for $60 per eighth. Beyond GTI, other MSO-owned stores opened in New Jersey came from Acreage Holdings, Ascend Wellness, Columbia Care(Cresco), Curaleaf, TerrAscend and Verano Holdings. PHOTO CREDIT: NorthJersey.com See TV reports from New York network stations: https://abc7ny.com/marijuana-medical-legal-new-jersey/11775885/
https://www.cbsnews.com/newyork/video/recreational-marijuana-sales-begin-in-new-jersey/
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It's 420 Week in Atlanta, Fla, NM, PA, DC, Colo & Calie & More Open in Your Browser for Images
HAPPY 420 WEEK ACROSS THESE CITIES-- Denver will deliver the most dispensares(10 per 100K persons) but can't compete with Portland for BEST PRICES (per ounce) This survey of Best Cities for Legal MJ hosts 50% of the Top Ten from California, and lists only Virginia Beach, VA as a Top Eastern Pot Market. But we will find 420 CELEBRATIONS across the land-- check the events below.... and have a SAFE HIGH HOLIDAY!
WANA DONATING $140,000 IN FOOD --In each of Wana’s 13 U.S. markets, the company is donating $10,000 to local organizations best equipped to meet the need for food assistance in their communities. See how you can help this great 420 cause at https://www.wanabrands.com/blog/how-we-re-fighting-food-insecurity-this-4ward20
PENNSYLVANIA CANNABIS FESTIVAL -- FREE APRIL 23-24, 2022 Renninger's Market -- Kurtsville, PA
http://www.penncannafest.com/
Upcoming Webinar Virtual Events
More Good April Stuff: Expert ARCView Webinar on Connecticutt & Offit's Penn
PENNSYLVANIA LEGALIZATION PROSPECTS -- REPLAY
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Visiting MJ Events in Fla, NM, PA, DC, Colo & Calie Open in Your Browser for Images
CHORUS FOR SAFE PASSAGE-- Unlike the MORE act passage on April 1, the best chance for action is pushing for passage of the SAFE Act--providing safe harbor for MJ banking services. Washington state treasurer Mike Pellicciotti(above, left) ventured to Congress last month to urge passage to help stop the horrific outbreak of robberies and dispensary killings in his home state. Others like the American Bankers Association, Scotts Miracle Grow and staff for sponsor Rep. Ed Perlmutter (D-CO) also presented their urgent appeal for positive action in the Senate. More TV reports at KING-TV: https://www.king5.com/article/news/politics/pot-shop-robberies-cannabis-banking-bill/281-4418aef5-04ec-4516-adbf-1e09c29fafa8
"We can no longer have the industry without access to banking when billions of dollars are changing hands in cash each year,” Pellicciotti wrote in a letter to his fellow state Treasurers. Most recently, the House passed the bill 222-210 as part of the America COMPETES Act, sweeping legislation to bolster America’s competitiveness with China, among other things. However, when the America COMPETES Act went to the Senate for a vote, the SAFE Banking Act was stripped out of it. So now, the two houses of Congress will settle on a final version of the bill, which Pellicciotti hopes will contain the SAFE Banking Act. Coverage from KING-TV Seattle: https://www.kiro7.com/news/local/my-employee-saved-multiple-lives-pot-shop-robbery-suspect-killed-after-taking-
hostage/NWLX24JSAVHS7N7ZPUMUDZ3VOE/
Upcoming Webinar Virtual Events
TOP 4/20 EVENTS AROUND THE US
PENNSYLVANIA CANNABIS FESTIVAL -- FREE APRIL 23-24, 2022 Renninger's Market -- Kurtsville, PA
http://www.penncannafest.com/
Replays: Chanda Macias on Seed2CEO-- DEA Challenge at DC Circuit- Moore & Guv Polis-
DEA HEMP-CBD PROCESSING RULE APPEALED --- The upcoming April 19th IFR arguments before the DC Circuit will be crucial to future processing rules for the industry. In this "insider brief" a team of leading hemp attorneys representing the Hemp Industry Association will argue that the DEA has not further regulation over hemp ("no authority") given the passage of the 2018 Farm Bill. Co-plaintiffs RE Botanicals will deliver oral arguments to a centering on DEA’s 2020 interim final rule that purports to regulate hemp manufacturing byproducts that go “hot” hemp during the production process. In this one-hour analysis, leading U.S. hemp attorneys working pro-bono on the appeal gather their thoughts in an advanced analysis of the hemp-CBD crucial issues. Hear from the experts: Patrick Goggin, Garrett Graff, Shawn Hauser, Rod Kight, David Kramer, Shaun Pennington and Matt Zorn. Please consider a company donation to help pay legal expenses and view the sessions at: https://www.youtube.com/watch?v=oJAeoepbJBo&t=5s
In addition to last week's interview with Gov Jared Polis, see the Denver TV-7 report on the MORE act passage, along with comments from NCIA's communications director Bethany Moore. https://fb.watch/c8Fbb2CySG/
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NOCO: HEMP PROSPECTS REVISITED Open in Your Browser for Images
April Fools--Not!- REC Comes to New Mexico-- : With its' massive 135,000 medical cardholders--and proximity to Texas-- the April 1st start of adult-use for New Mexico is promising new headway for new MJ micro-businesses, and promising Latino ownership. But the state's unlimited grow/retail licensing may also result in hundreds of failed startups in a saturated market. Above: thousands of hot-air balloons ascend above Albuquerque, expected to open nearly 70 metro RMJ retailers--but facing a possible squeeze on legal RMJ supplies later in 2022. Link here: https://bit.ly/3wx3OQ4
NOCO Hemp 8 Returns To Colo-- Colorado Gov. Jared Polis--as he has done for 5 years-- returns to speak at the 8th annual NOCO Hemp Expo on March 24th. Hemp, CBD, delta-8 and regulatory issues will be discussed by national experts including those below, and others including Bill Richmond (USDA), Jonathan Miller (U.S. Hemp Roundtable), Wendy Mosher ( New West Genetics), Chris Boucher (Calif.Hemp leader), Garrett Graff (Moye-White), Chris Fontes (Trojan Horse) and Native hemp leader Winona LaDuke. Hosted at the Gaylord Rockies hotel in Aurora, you can visit over 190 booths during exhibit hours, March 24 & 25, from 10am-5pm ($69/admission). https://www.nocohempexpo.com/
Upcoming Webinar Virtual Events
MORE NATIONAL APRIL LIVE 4-20 VENUES
PENNSYLVANIA CANNABIS FESTIVAL -- FREE APRIL 23-24, 2022 Renninger's Market -- Kurtsville, PA
http://www.penncannafest.com/
Replays: Cresco Labs Buys Columbia Care -
New NFD Study - Jordan in Israel for CURLF
An excited Chicago Sunnyside customer on Jan., 1, 2019 helps kick off RMJ in Illinois. Sunnyside parent Cresco Labs is acquiring MSO Columbia Care(for $1.9Bil), and the two will become a Top 4 MSO operator with 130 stores in 17 states. Hear Cresco CEO Charlie Bachtell outline the deal and future prospects for the combined cannabis giant:https://events.q4inc.com/attendee/927086691
Above: In Tel Aviv, CuraLeaf chairman Boris Jordan joins the March 23 "AlphaNooner" show discussing prospects for New Jersey and Germany. Rebroadcast at: https://www.linkedin.com/video/event/urn:li:ugcPost:6912048328515997696/
The CuraLeaf Dispensary wall says "Ask Us Anything" So again, West420 News asks: Did your 7-month CFO (Ranjean Kalia) quit last week due to pending IRS audits? Why is your stock pummeled losing 30% of value? Will CURLF release shareholder info on direct investments from Moscow's Andrei Bloch(21% CURLF owner) and his mentor UK-sanctioned oligarch Roman Abramovich (EvRav energy/Renaissance Insurance)? Hemp Today Reports: https://hemptoday.net/u-s-cannabis-giants-russian-american-ceo-equivocates-over-war-on-ukraine/
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MASKS OFF, CROWDS BACK -Austin crowds will return to SouthBySouthwest(SXSW) for 9 days beginning March 11--but all of the 14 cannabis panels and presentations will occur March 14-15. Above: Dr. Sue Sisley will detail her struggles with NIDA and the DEA, where she got help from attorneys Matt Zorn(left, of Yetter Coleman) and right, Vicente Sederbergs' Shaun Pennington. Counting the sponsorship of Cresco Labs SXSW will offer 14 panels on business issues within cannabis, including these leading cannabis experts from Top 5 MSOs:
March 14 (11am)"Nationwide Cannabis Legalization: Are You Ready?" Vivien Azar(Cowen), David Culver (Canopy Growth) & Darren Weiss(Verano Holdings)
March 15 (2pm) "Cannabis: The Next Frontier in CPG" with Kate Lynch(CuraLeaf) Valda Coryat (TruLieve) & Cristin Rudolph (Green Thumb Industries)
CRESCO/SEED underwrote this 24-min. documentary on another long-termer (40-60 years) in jail for a minor cannabis infraction in Michigan. The film follows Michael’s daughter Rashawnda and his lawyer Kim during the fight for clemency and examines the harm the War On Drugs has caused on communities and explores paths forward as national Cannabis legalization gets closer to becoming a reality. Directed by Kyle Thrash and Haley Anderson. Playing times during SXSW are March 13(11:30a), Mar. 14 (9a) and Mar 17(8p). Preview at https://www.crescocannabis.com/michaelthompson
FREE ONLINE VIRTUAL EVENTS
Thur, March 3rd Curaleaf Fourth Quarter and Fiscal Year End 2021 Financial Results Conference Call. 5:00 p.m. ET--Live Call: +1-888-317-6003 (U.S.), +1-866-284-3684 (Canada) or +1-412-317-6061 (In't) Passcode: 1618049 --- Webcast: https://ir.curaleaf.com/events
TOP LIVE EVENTS FOR THE NEXT MONTH
CANNABIS PANELS AT SXSW (March 14-16)
"Cannabis: The Next Frontier in Consumer Packaged Goods"
"Cannabis versus the Opioid Crisis" "Diversity Drives Profit: Investing in Cannabis"
"Exploring Cannabinoids in the Future of Medicine"
"From Legacy to Legal Cannabis: How and Why?"
"The Future of Cannabis Consumption & Hospitality"
"Global View: Weed on the World Stage"
"Offsetting Cannabis' Sustainability Crisis"
"Sue'n the DEA: Breaking the 50yr NIDA Monopoly" (Sue Sisley)
MARCH 14--16 in Austin: Info: https://schedule.sxsw.com/2022/search?q=cannabis
After making your own donation below, please reach out and encourage MSOs to help contribute to alleviate the border crisis for refugees from Ukraine. ABOVE: Ukraine's (sitting left) first lady Olena Zelenska and her Ukrainian president & hubby Volodymyr Zelensky during happier days.
With one click, you can send needed relief to refugees through
World Central Kitchen, Razom for Ukraine, Florida's GEM, Save The Children, WKC and International Rescue Committee to name a few. NBC Today show link at https://lnkd.in/ee5_ekxv
Founded in 2014, West420 NewsWeekly is published for the
B2B adult-use and medical community, and not an offer or
solicitation for any cannabis product. *See more news and CannaPlanna archives at www.Chemp7.com