High Times has been Cleared to List; Readies for Public Trading

Today marks an historic milestone for Hightimes Holding Corp. and the tens of thousands of people who have invested in it. On February 20, 2020, the company announced that it received notification from the Financial Industry Regulatory Authority (FINRA) that it has been granted a trading symbol, clearing the final regulatory hurdle to list on public markets. FINRA’s approval means that investors in Hightimes Holding Corp. can begin trading shares in the company. 

Public trading was the goal of High Times’ Regulation A+ offering campaign, and the commencement of trading will mark the culmination of that campaign’s tremendous success. As of yet, Hightimes Holding Corp. has not issued a start date for trading. But a planned listing date will be determined in the near future. 

After Highly Successful Fundraising Campaign, High Times Has Been Approved to List Stock

High Times, the world’s best-known cannabis brand, has always been about connecting people to the plant. That more than 45-year commitment to the cannabis community is what fueled the company’s efforts to expand through its recent Regulation A+ fundraising campaign. And the cannabis community responded—in a big way. 

To date, more than 23,000 people, from loyal High Times fans to cannabis enthusiasts

Read More Here...

Georgia Lawmakers Pushing Bill to Essentially Re-Criminalize Hemp

Barely a year after the legalization of hemp by the federal government with the passage of the 2018 Farm Bill, state lawmakers in Georgia are pushing to re-criminalize possession of small amounts of the plant. Under a bill approved on Tuesday by the Georgia House of Representatives’ Agriculture and Consumer Affairs Committee, anyone possessing “green leafy” hemp or transporting hemp plants would be required to carry paperwork proving they are working for a licensed hemp business.

Under the measure, HB 847, anyone without a license caught with less than one ounce of hemp plant material would be subject to punishment of up to one year in jail or a fine of up to $1,000, the same penalty for charges of misdemeanor marijuana possession. The measure will soon face a vote from the full House before being considered by the state Senate.

Last year, the Georgia legislature legalized hemp agriculture, allowing the cultivation and processing of the plant and products made from it, including CBD. Since then, several cities and counties in the Atlanta metropolitan area have stopped making arrests for low-level marijuana offenses, citing the prohibitive cost of lab testing to distinguish hemp from marijuana.

Pete Skandalakis, the executive director

Read More Here...

Power to the People: Kern County Measure D Will Give Voters Control of Medical Cannabis

Last week, I presented oral argument to the Fifth District Court of Appeal in support of the people’s right of referendum. Long story short, the Kern County Board of Supervisors banned medical marijuana dispensaries in 2011, the people protested via referendum petition, and to this day the County has refused to comply with the legal mandate to submit the ban to voters before giving it effect. The County contends that they may reenact a protested ordinance after the passage of time; however, neither the California Constitution nor the Elections Code allow for such limitation on the people’s right to referendum.

The Court of Appeal granted our motion for calendar preference in light of the upcoming March election, at which the people and the Board of Supervisors have submitted competing ballot measures on medical marijuana for consideration by the voters.

Measure D is a people’s initiative measure, meaning it originated with the people, and will be submitted to a vote of the people. If and when the people adopt this measure (it would need to get more votes than Measure E), the Kern County Board of Supervisors will not have the ability to amend or repeal it. In other words,

Read More Here...

PA Lawmaker Introduces Marijuana Legalization Bill to House of Representatives

Cannabis legalization in Pennsylvania has both enjoyed the support of the governor and been subject to the reluctance of the state’s Republican legislators. On Tuesday, another push to regulate the drug was initiated when Rep. Jake Wheatley introduced House Bill 2050. 

Wheatley has proposed cannabis legalization in the past, including last year’s unsuccessful HB 50. Since then, the state’s lieutenant governor has embarked on a cannabis listening tour, and the governor has underlined his support for recreational marijuana legislation. 

“We open up the opportunity for smaller entrepreneurs to get into that market,” said Wheatley in a press release. “We believe the full answer is to have a regulated legal market for adult use and we believe the time has certainly come, and passed, really, for us to engage in a conversation here in the Capitol for this critical topic.”​

Such plans have met pushback from Pennsylvania’s Republican leadership, including House Health Committee chairperson Rep. Kathy Rapp. She has stated that she will not advance any cannabis legalization bills out of her committee. 

Last year, a legislative proposal to legalize recreational marijuana was introduced in the Senate, a month after Governor Tom Wolf urged legislators to propose cannabis legalization. SB 350,

Read More Here...

Cannabis Extract Prices Vary ‘Wildly’ Between Provincially Run Stores

Inconsistencies could undermine governments’ goal of wiping out illegal market, expert says.

A CBC News analysis has revealed the price of cannabis extracts varies widely across Canada, with the same product sometimes costing two to three times more in one provincially run online store than another.

The inconsistencies, experts say, could undermine efforts to wipe out the country’s illegal market.

The analysis looked at the price of 61 cannabis capsules, sprays and oils available in Ontario’s provincially run online retailer in December 2019.

– Read the entire article at CBC News.

Read More Here...

Colorado Sold a Record $1.75 Billion of Cannabis Last Year

This time last year, it appeared that Colorado’s industry was plateauing. Now it’s surging.

Colorado cannabis shops notched sales of nearly $1.75 billion during 2019, setting a new annual sales record for the state home to the nation’s longest-established recreational cannabis industry, according to Colorado Department of Revenue data first reported by the Denver Westword.

The new high water mark for sales netted more than $302.4 million in tax revenue for the state’s coffers, where that money is divvied up into various buckets to fund programs such as school construction, law enforcement, public health, drug education and public safety.

– Read the entire article at CNN.

Read More Here...

Alabama Senate Committee Votes in Favor of Medical Cannabis Bill

A bill that would legalize the medicinal use of cannabis in Alabama was approved by a legislative committee on Wednesday, clearing the way for a vote by the full Senate later this session. The bill was approved by a vote of 8-1 by the Senate Judiciary Committee, prompting applause from members of the audience.

A similar measure was passed by the Senate last year but failed to gain the approval of the state’s House of Representatives. In December, a state commission formed to explore medical cannabis voted to recommend legalization.

If the bill is passed, it would allow patients with one or more qualifying serious medical conditions and a recommendation from a physician to use medicinal cannabis products. Medical marijuana that can be smoked or vaped is excluded from the bill, which would only legalize cannabis in formulations including pills, gummies, oils, and topical preparations including patches, gels, and creams.

Dr. Alan Shackleford of Colorado told lawmakers about the success patients with medical conditions such as seizures and cancer have had using medical marijuana treatments.

“This bill is not about getting high. This bill is about getting well,” he said.

Cristi Cain shared the story of her son Hardy, who

Read More Here...

Infused Beverage Company House of Saka Hires Former SVP of Constellation Brands

House of Saka, Inc., a Napa Valley, California company that makes alcohol-free, cannabis-infused beverages, is welcoming Sue Bachorski to its Senior Executive team in the role of Chief Operating and Financial Officer. Bachorski is joining House of Saka after spending 30 years as a Senior Operations and Finance Executive at Constellation Brands, Inc., one of the largest beer, wine, and spirits companies in the world. 

House of Saka is the first and only luxury brand with a portfolio of cannabis infused, non-alcoholic wine beverages made from select vineyards within the Napa Valley. The company says its acquisition of Barchorski signals that the cannabis-infused beverage sector is poised for rapid growth. According to a recent report, the cannabis-based beverages market, which includes non-alcoholic cannabis-infused beers, wines, and spirits, is expected to grow by 19 percent, or $155 million, between 2020 and 2024. 

House of Saka Says Cannabis-Infused Beverage Market is Poised for Rapid Growth

House of Saka’s brand name alludes to the mythological Amazons, a tribe of women warriors and rulers also known as Scythian or Saka. According to legend, Amazonian women believed cannabis was a spiritual plant, and they incorporated its use into their spiritual and religious rituals and rites. 

Read More Here...