Global Cannabis Times’ Post

Legalization of recreational #cannabis in California was expected to bring prosperity to growers, but many complain that taxes, fees, and regulations are pushing them out of business while illegal growers thrive. A recent analysis by USC Schaeffer Center for Health Policy & Economics expert Rosalie Liccardo Pacula reveals that state taxes and regulations are not driving the economic squeeze on legal growers. Instead, increased supply among legal and illegal sources is causing prices to dwindle. As the federal government continues discussions around legalizing cannabis, Pacula looks at the continuing challenges facing the industry, and possible solutions. Learn more: https://lnkd.in/g_bQbETC USC Sol Price School of Public Policy USC Alfred E. Mann School of Pharmacy and Pharmaceutical Sciences

Legalization of recreational #cannabis in California was expected to bring prosperity to growers, but many complain that taxes, fees, and regulations are pushing them out of business while illegal growers thrive. A recent analysis by Schaeffer expert Rosalie Liccardo Pacula reveals that state taxes and regulations are not driving the economic squeeze on legal growers. Instead, increased supply among legal and illegal sources is causing prices to dwindle. As the federal government continues discussions around legalizing cannabis, Pacula looks at the continuing challenges facing the industry, and possible solutions. Learn more: https://lnkd.in/g_bQbETC USC Sol Price School of Public Policy USC Alfred E. Mann School of Pharmacy and Pharmaceutical Sciences

Switching hats to share thoughts on an impending inflection point in American history. : ASK A FARMER Well, articles are pouring in about Cannabis being rescheduled to a Schedule III substance, and this past week I sat in on a thorough work presentation that declared just that (thanks Dyann McDowell, CDE how informative). Here we are, a few months after Ohio has passed adult use for Cannabis, and it seems we’re on a National Stage. 38 states have now medicinally legalized Cannabis, and WE in the good ol’ OH are the 24th to make it legal for adult use. A pivotal point in Cannabis reform, It seems the Department of Health and Human Services is now saying it’s time to get going since half the country has legally accepted this plant (AGAIN). What does this mean for the farmer who grows the plant? Well, pharmaceuticals will begin taking their slice alongside the multi state operators and multi national players. Conventional investing will be allowed, and floodgates of industry will open. Fine. Not shocking. PROBLEMS: The impending Hemp Specific Bill in Ohio, and delayed National Farm Bill need to include farmers in their discussions before laws are cemented. Delta 8 is not good for farmers, (or anyone arguably) and it needs to go. Additionally, games being played with real THC through “by weight volume” within the 2018 farm bill language need to be addressed. The farmer trying to create a sustainable income for his family is not able to do this through a producing a delta 8 crop. What might be good for the community AND a farmer? The possibility to produce an acre or two of high quality, unadulterated plant medicine for those who had interest in doing their own research and using it. SOLUTIONS-. Slow this landmark decision down that could, again leave farmers with a place at the tabled. Include the farmer, the actual authors of the product that everyone will be peddling. Thanks for listening. If you're inclined to see the farmers get to participate, please reach out to your local politicians, and the Ohio Farm Bureau P.S. looking forward to seeing how this plant impacts and improves healthcare now that widespread research will soon be allowed. Sincerely, Joey Amy Ellwood MODERN REMEDIES LLC #oldworldmedicinenewlegalstatus #newbenefitscoming

The Farm Bill Amendment that would BAN hemp-derived THC/Delta 9 & possibly even CBD is going to screw things up if this gets passed by the House & Senate. I don't think a ban makes sense, but regulation and mg limit is definitely needed. I've always felt the fact that the Delta 9 sector didn't "police itself" would only invite government involvement as you had some Delta 9 brands selling 10mg or 20mg or higher Delta 9 drinks in a 12oz volume and doing stupid things like saying there is 10 or 12 servings per can. Sucks that some brands stupidity will probably ruin it for the entire sector. https://lnkd.in/gFJ8pWva

The Farm Bill Amendment that would BAN hemp-derived THC/Delta 9 & possibly even CBD is going to screw things up if this gets passed by the House & Senate. I don't think a ban makes sense, but regulation and mg limit is definitely needed. I've always felt the fact that the Delta 9 sector didn't "police itself" would only invite government involvement as you had some Delta 9 brands selling 10mg or 20mg or higher Delta 9 drinks in a 12oz volume and doing stupid things like saying there is 10 or 12 servings per can. Sucks that some brands stupidity will probably ruin it for the entire sector. https://lnkd.in/egfdPxS7

Well it’s been an eventful couple hours of phone calls after this HIGH TIMES piece. This will upset my libertarian friends, but I think this is good for the industry. I skew more free market than over regulation, but I’m also politically homeless so that I can maintain nuanced opinions on complicated topics. In this case, I didn’t read regulation as prohibiting the sale of hemp derived cannabinoids. I believe tighter regulation in hemp will win more trust from distributors, retailers and consumers. Is that damaging to some individual businesses freely trading today? Yes. I just tend to think of what’s best for the greater good : erasing stigmas and improving access to cannabis. Delta 8 is stigmatized and became popular because brands thought they couldn’t get away with including delta 9. I caution everyone to pause before reacting to regulatory volatility. I’ve made the mistake of being short sighted in the past when it comes to public policy. Is my take off? Tell me. DMs are ok. https://lnkd.in/gt-P3t-m

Outside of state-regulated weed markets, gummies and drinks containing hemp-derived THC is a booming business. It's federally legal under the 2018 Farm Bill. It's widely known as the "Farm Bill Loophole" where hemp processors can create THC counts similar to traditional cannabis-derived THC and can ship those products across state lines. In Michigan, it's regulated. But that doesn't mean consumers aren't shipping them across state lines. The state's industry wants a solution as Congress continues to argue over the loophole in the next Farm Bill. https://lnkd.in/ggpMd_9r

New York State's cannabis program started off with such high hopes and aspirations to show the rest of the country/world how social equity should work. Distressed hemp farmers were first in line to get licenses as cultivators, hemp processors for cannabis processing, and then 'justice-involved' for retail CAURD licenses. Now after a series of lawsuits, legal and administrative missteps by the OCM, and a range of other factors, everyone who was meant to get social equity is feeling the pain. #CAURD #nys #cannabisindustry #cannabisbusiness #cannabis #newyork This article focuses on the farmers.... https://lnkd.in/exP3Y3aA

New Yorkers are able to consume cannabis, and farmers are able to grow it, but very few people are able to sell it yet. This “showcase” model is being used to help move that product while the bureaucratic wrinkles are being ironed out, by bringing in a licensed dispenser to do the selling. Cultivators aren’t allowed to sell to anyone but dispensers, in the stratified scheme set up by state regulators, and once more dispensaries are up and running these markets will no longer be used. https://lnkd.in/eca3AGDC

With growing becoming legal in so many places, you are not confined to your backyard anymore. You can grow anywhere. In some places you can find cheap labour, which is a plus and in some places you can find political instability, which is not. I've made a checklist of what to look for if you decide to grow in a place outside your comfort zone. I called it: "How to find the perfect country for cannabis farming" https://lnkd.in/eksvn9JG