iCULTIVA@icultiva

Up-To-Date Cannabis Industry News On Your Mobile Device

**** CANADA ****

“You may know Shopify as the company that connects retailers with their suppliers and consumers. Soon, the Canadian marijuana industry in Canada will operate the same way.

This means cloud-based platforms like Shopify's that connect the supply chain to consumers will be invaluable to the cannabis industry going forward.

And make no mistake about it: Shopify has already landed its fair share of contracts.

In February, the Ontario Liquor Control Board announced that it was partnering with Shopify to use its e-commerce platform for brick-and-mortar, online, and mobile sales within the province. •
In Ontario, the government controls the stores responsible for dispensing cannabis.”

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Article Provided By: @themotleyfoolofficial
Author of Article’s Twitter: @tmfultralong
Link To Article: https://tinyurl.com/yaaltyfl

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**** WASHINGTON DC ****

“Overall marijuana arrests in the District have steadily increased in the two years following decriminalization and limited legalization.

Sales remain banned despite support from a majority of the District council members. That’s because Congress continues to attach language to annual funding bills that prevents D.C. from spending its own money to legalize and regulate the marijuana trade.

In recent months, dozens of arrests have been made at “pop up events” that have emerged in the city in response to the “gifting” language in the law. Typically, vendors will sell unrelated products such as juices or shirts, and “gift” cannabis to those customers for free.

But since the overall transactions require remuneration in the form of the supposedly unrelated purchases, police have said they violate city law.“

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Article Provided By: @marijuanamoment
Author Of Article: @posipolly
Link To Article: https://tinyurl.com/ycb2mrv2

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“Gov. Cuomo appointed a panel to draft legislation to legalize marijuana in the state of New York

The panel will be comprised of experts in public health, public safety and economic, as well as leaders of various state agencies.

According to the governor’s office, the workgroup will be responsible for engaging with the leadership of the State Senate and State Assembly as well as bill sponsors of medical and regulated cannabis legislation, advocates, and academic experts with experience from other states.

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Article Provided By: @nbcnewyork
Link To Article: https://tinyurl.com/ycdmzgu4

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**** ARGENTINA ****

“For the first time, Argentina will grow cannabis in large quantities to be used for medicinal, therapeutic and scientific purposes.

This forms part of an agreement with a Chilean laboratory which will take the product from Argentina and process it into oil. Clarin reported that Laboratorio Knop’s CEO Germán Knop and governor Gerardo Morales signed the final accord on Monday, allowing three hectares of the El Pongo farm to be assigned for cultivation of the cannabis plant.

The minister of health for northwestern province Jujuy, Gustavo Bouhid, told Clarin that the moment signified “a large challenge for the province and a very necessary initiative for the country.””

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Article Provided By: @argentinareports
Author Of Article: @fjenner
Link To Article: https://tinyurl.com/ya5mr32e

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**** JAMAICA ****

“CROP Infrastructure Corp. announces it has entered in to a joint venture agreement whereby the company has a 49% interest in a zero-cost lease of a 217,000 sq. foot property situated for future cannabis production and extraction.

The 5 acres of agricultural land has been secured in the Westmoreland Parish. The company is in the process of identifying a suitable tenant licensee for the project.

The company plans to license the brand, ‘Hempire Jamaica' to the tenant and has acquired the domain www.HempireJamaica.com.”

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Article Provided By: @nasdaq
Author Of Article: #globenewswire
Link To Article: https://tinyurl.com/ybjcuoa9

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“The district attorney says there is no public safety rationale to continue prosecuting people for marijuana possession or use.

Manhattan District Attorney Cyrus Vance has announced a new policy that will end the prosecution of marijuana possession and smoking in the borough, except in cases where the drug is being sold or if it poses a significant threat to public safety.

The new New York policy, announced Tuesday, could reduce marijuana prosecutions on the island by as much as 96 per cent, which would account for a drop from 5,000 cases a year to 200 a year, according to a statement from Mr Vance’s office.”

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Article Provided By: @the.independent
Author Of Article: @clarkmindock
Link To Article: https://tinyurl.com/yc58coh5

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“The Department of Health's report estimates there are about 1.3 million marijuana users in the state and that adult-use could reach US$3.5 billion in annual sales, about 16 times greater than today's medical marijuana market and on par with California's current retail sales estimates. California is the world's largest legal cannabis market.

Aside from sheer market size, New York would further legitimize this fast-evolving industry. Adult-use is already legal on the entire West Coast, further legalization on the Northeast of the country, a center of politics, commerce and culture, would give the industry another big push toward the mainstream, bringing more customers and investment capital.

There are only 10 cannabis license holders in the state's current medical cannabis program. Each licensee is allowed to operate a cultivation and manufacturing facility and four stores to sell its products. When the state legalizes adult-use, these licensees would meaningfully benefit from existing infrastructure and first mover advantage. They are also likely to be some of the first to receive adult-use licenses given they have already been operating under the scrutiny of the state for years.”

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Article Provided By: @nasdaq
Author Of Article: #globenewswire
Link To Article: https://tinyurl.com/yd4v8j9v

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**** UNITED KINGDOM ****

“Ministers announced that cannabis had been changed from a Schedule 1 to Schedule 2 drug, meaning doctors will be free to prescribe it by the end of the year.

Schedule 1 drugs are described as having no therapeutic value and cannot be lawfully possessed or prescribed.

The move by the home secretary comes after the government’s official drug advisers and the chief medical officer of England, Sally Davies, separately concluded there was evidence of therapeutic benefit for some conditions.

Announcing the changes, Home Secretary Sajid Javid said: “Recent cases involving sick children made it clear to me that our position on cannabis-related medicinal products was not satisfactory.”

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Article Provided By: @dailystar
Author Of Article’s Twitter: @MartinCoulterDS
Link To Article: https://tinyurl.com/ycsat8ee

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“New York State’s efforts to promote responsible businesses, including businesses engaged in the business of industrial hemp and medical cannabis, promote sustainable economic development and provide needed services to New Yorkers.

The Department encourages New York State chartered banks and credit unions to consider establishing banking relationships with medical cannabis-related businesses that are operating in New York in full compliance with all applicable New York State laws and regulations, including the New York Compassionate Care Act, and the applicable regulations and requirements of NYDOH.

The Department further provides guidance that it will not impose any regulatory action on any New York State chartered bank or credit union solely for establishing a banking relationship with a medical marijuana-related business that operates a compliant business in New York

As long as the New York State chartered bank or credit union complies with the requirements of the 2014 Fincen guidance, the guidance and priorities set forth in the Cole Memo.

Accordingly, the Department encourages all New York State chartered banks and credit unions to further support New York’s economy and strengthen these legal businesses by providing safe and sound access to financial services provided in a rigorous regulatory environment.

Maria T. Vullo,
Superintendent of Financial Services”

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Article Provided By: @nydfs
Link To Article: https://tinyurl.com/ybdho396

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**** NEW JERSEY ****

“New Jersey will postpone marijuana prosecutions for 30 days while the state develops guidelines to potentially downgrade or dismiss some offenses, according to a memo from State Attorney General Gurbir Grewal.

Starting today, New Jersey courts must suspend all marijuana prosecutions while Grewal, prosecutors and other law-enforcement officials develop guidelines on how they should be handled.

Pending cases will be postponed until after Sept. 4, and Grewal expects to issue a long-term policy directive by the end of August.”

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Article Provided By: @bloomberg
Author Of Article Twitter: @EliseOnDeadline
Link To Article: https://tinyurl.com/yb4wsajb

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“New York based Applied DNA Sciences, is seeking to stake a claim in the cannabis industry by providing supply chain tracking through spraying a molecular DNA tag onto the buds themselves.

Applied DNA Sciences says that they’re seeking to provide law enforcement and regulators with a way of determining exactly which buds were grown legally and which weren’t and they are already working with state governments to require the use of their tracking system.”

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Article Provided By: @cannabisnow
Author Of Article Twitter: @angelabacca
Link To Article: https://tinyurl.com/y7huykfp

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**** LEBANON ****

“Parliament Speaker Nabih Berri said on Wednesday, in an attempt to boost the struggling economy.

"The Lebanese Parliament is preparing to study and adopt the legislation necessary to legislate the cultivation of cannabis and its manufacture for medical uses in the manner of many European countries and some US states," Berri's office said, reporting comments made in a meeting with the US ambassador to Beirut.

Although growing the plant is illegal in Lebanon, powerful landowners nevertheless have for decades openly grown fields of cannabis in the fertile Bekaa Valley, untouched by law enforcement and its attempts to crack down.

The United Nations Office on Drugs and Crime ranked Lebanon in a 2018 report as the world's third main source of cannabis resin (hash) seized by national authorities after Morocco and Afghanistan.”

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Article Provided By: @thejerusalem_post
Author Of Article: @reuters
Link To Article: https://tinyurl.com/y8dftzbl

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