Elizabeth Warren Releases Marijuana Plan and Weedmaps Stops Unlicensed AD’s

In domestic politics, democratic presidential hopeful and Massachusetts senator Elizabeth Warren releases her criminal justice reform plan that would legalize marijuana and forgive drug-related convictions. Other democatic candidates, like senators Bernie Sanders, Cory Booker, and South Bend, Indiana Mayor Pete Buttigieg have proposed similar policies, and all mention executive action as a possibility to achieve such measures.

In California, after firmly refusing to comply to regulators for over a year, Weedmaps announces that they’re finally going to stop advertising unlicensed retailers on their site. So what led to the sudden change in policy? A Sacramento manufacturing and cultivation company, West Coast Cure, is seeking a distribution license from the Bureau of Cannabis Control, and has been found to have ties to the online ad giant. What do you think? Should Weedmaps be held accountable by the BCC for their brazen defiance in the past, or should they be permitted to continue in their business pursuits now that they’ve conceded? Let us know online at Cannabis Broadcast Station.

Also in California, L.A. residents file a suit against Massachusetts-based cannabis tech company Tilt Holdings, accusing the company of violating federal consumer protections by spamming customers with unsolicited text messages. Tilt subsidiary Baker Technologies, whose software provides online ordering and analytics for over 1,000 dispensaries in the U.S. and Canada, was also implicated. Eaze Solutions settled a similar case earlier this year for 1.75 million dollars.

In Florida, multistate operator MedMen backs a recreational cannabis legalization measure, which would allow MMJ dispensaries to sell up to 2.5 ounces of marijuana to adults 21 and older, requires child-proof packaging, and prohibits youth-targeted advertising. The proposal, titled “Make it Legal Florida”, now aims to gather over 700,000 signatures to qualify for the 2020 ballot.

In finance, cannabis product manufacturer and retailer Green Thumb Industries enters the New York market by closing the acquisition of Fiorello Pharmaceuticals, one of only 10 MMJ license holders in the state, for 59.6 million dollars in cash and stock. Assets include retail stores in Manhattan, Rochester, Halfmoon and Nassau County.

In Ontario, after holding its last lottery for cannabis retail permits, regulators in Canada’s largest market indicate plans to allocate more licenses based on market demand. The current number of permits is 75, which experts say is not nearly enough to serve the province. When Ontario’s first physical store locations opened in April, sales in the region increased significantly, and any shift toward a more open market is expected to boost sales even further.

Overseas, Lesotho makes extensive regulation changes to the country’s MMJ program, including proximity restrictions for cannabis farms near towns, schools, and churches, as well as considerations for road, water, and electricity accessibility of businesses. As the first African country to legalize and regulate cannabis, Lesotho has been heavily invested in by international companies. It’s unclear how the new rules will affect the market, although they will apply only to new license applicants and not existing ones.
And that’s all the news we have for you for now. Tune in next week for more of the latest headlines with Cannabis Newsroom, your most reliable source for anything and everything cannabis.

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William Bradley

William Bradley

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