Texas House Could Pass Bills Reducing Marijuana Penalties This Session. The Senate Is Another Story.

 JERRY QUIJANO

Nine bills concerning marijuana and hemp are set for public hearing in the Texas House on Monday.

In a session where more than 7,000 bills have been filed, nine on cannabis could seem like a small thing. But just a few years ago, getting a hearing for even a single bill on the issue would have been unthinkable.

This session, more than 60 bills relating to marijuana and hemp have been filed. Jax Finkel, executive director of Texas NORML, said that’s the most she’s seen in the Legislature since she started volunteering for the cannabis activist group in 2005, when only two bills were filed.

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Harnessing Data to Optimize the Cannabis Consumer Experience

By Steve Albarran

Harnessing Data to Optimize the Cannabis Consumer ExperienceAs a burgeoning industry in the era of technological advancement, cannabis has an opportunity to apply new ways of thinking to age-old business problems. The next big problem to solve in cannabis will be to figure out how to connect our plentiful (yet disparate) data sources to help cannabis producers make informed supply chaindecisions that give consumers what they want at the best price.

Nobody needs another tired essay on why data is good for business. Instead, let’s survey of the largest unsolved problem the industry faces over the next decade and how entrepreneurs can build huge businesses solving it. This work will take an industrywide collaboration — and a lot of creativity, cannabis and coffee. Here’s how.

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How Technology is Reshaping the Cannabis Industry

By CFN Media

SEATTLE, April 01, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry announces publication of an article discussing how technology trends are reshaping the industry.

Imagine scanning the QR code of a product on a dispensary shelf with your smartphone and instantly seeing not only the exact cannabinoids makeup of that specific product, but also exactly when and where the cannabis was grown.

Technological advances have significantly improved operations and lowered the cost of doing business across nearly every major industry—and the cannabis industry is no different. In addition to improving

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US House Bill Would Open Bank Doors to Marijuana Business

By Mike Scarcella

U.S. Rep Maxine Waters. Photo: Diego M. Radzinschi/ALM

U.S. Rep Maxine Waters. Photo: Diego M. Radzinschi/ALM


After six years of trying, U.S. House Democrats on Thursday advanced legislation to give cannabis businesses access to the national banking system and protect financial institutions from repercussions.

The Secure and Fair Enforcement Banking Act would offer a legal safe harbor for banks and credit unions serving state-approved marijuana-related businesses if they comply with new reporting requirements.

The bill, approved by the House Committee on Financial Services in a 45-15 vote, is a top priority for a marijuana industry largely shut out of mainstream banking and forced to deal with large sums of cash.

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Marijuana Stocks Go Mainstream As CBD Jumps to CVS and Walgreens

By MATT MCCALL

When I tell people that marijuana stocks may be one of the best investment opportunities of their lifetimes, I think their minds usually go to the more dramatic story of “legal weed” — like the “cannabis cafés” popping up everywhere from West Hollywood to Alaska.

However, I’ve long thought that its non-psychoactive cousin, cannabidiol (CBD), could be the real growth opportunity.

But don’t take my word for it. CVS Health Corp (NYSE:CVS) and Walgreens Boots Alliance(NASDAQ: WBA) apparently see the same thing.

In the last week, both CVS and Walgreens have announced that they will start selling CBD in several different states. (Specifically, the topical creams, etc., for pain relief.) We’re talking about huge pharmacy brands; CVS stores in particular are ubiquitous in major U.S. cities — and now that it’s operating Target (NYSE:TGT) pharmacies, that goes for the suburbs, too.

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Medical marijuana could be legalized in North Carolina under this new bill

BY GEORGIA WIELAND-STANFORD

The N.C. House of Representatives filed a bill earlier this month to legalize medical marijuana in North Carolina.

The proposed bill, House Bill 401, would create the Medical Cannabis Act, which would protect patients with a registry identification card with “debilitating medical conditions and their physicians and caregivers, from arrest and prosecution.” Citing the fact that research has found beneficial uses for cannabis, the act would also allow its medical use “in a regulated system for alleviating symptoms caused by debilitating medical conditions and their medical treatments.”

The Institute of Cannabis Research at Colorado State University at Pueblo performed a detailed study on the economic and social impacts of marijuana legalization in Pueblo County, Colo. and found that the marijuana industry can have positive effects on income inequality, among other things.

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Cannabis Banking Bill Gains Steam in US House

A bill that could bring clarity to payments for legal cannabis purchases in the U.S. was set for an important vote this week in the U.S. House of Representatives — though there is still a long path before that bill would become law. The news comes as financial institutions are putting pressure on lawmakers to resolve the situation, given the growing and lucrative nature of legal cannabis business and its inability to move away from cash-based transactions.

According to reports, the U.S. House Financial Services Committee was set to vote on Wednesday (March 27) on the Secure and Fair Enforcement of Banking Act of 2019, or the SAFE Banking Act, as it is more commonly known. A request for comment from the committee was not immediately returned.

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More limited Georgia medical marijuana sales bill advances

By Mark Niesse

On a 7-2 vote, the Senate Regulated Industries and Utilities Committee backed legislation to allow distribution of the drug through up to 10 dispensaries statewide — down from 60 dispensaries previously — along with any pharmacies that might be willing to sell it. The revised bill would allow two growing licenses, a decrease from 10 initially proposed.

The proposal, House Bill 324, is intended to provide access to medical marijuana oil to patients who are allowed to use it but have no legal way to buy it. More than 8,400 people are already registered with the state to consume the oil.

Patients suffering from seizures, deadly cancers and other illnesses have been able to legally take medical marijuana oil in Georgia since 2015.

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Marijuana Use For Joint Pains Now More Popular In Seniors

By Diane Samson Tech Times

Older American adults are turning to marijuana to relieve joint pains and symptoms of other health conditions that come with age.

Marijuana Use Among Senior Citizens

Over the years, the use of medical marijuana has soared among seniors citizens. In fact, industry experts agree that people aged 65 years and older are the fastest-growing segment of marijuana users across the country.

“I would say the average age of our customers is around 60, maybe even a little older,” stated Kelty Richardson, a registered nurse at the Holos Health clinic which provides physician-recommended cannabis.

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The SAFE Act Could Lead To Big Changes In The North American Cannabis Industry

By The Stock Stooge

Summary

The SAFE Banking Act is headed to the House Financial Services Committee on Tuesday.

The SAFE Banking Act, if passed, would allow big US banks to provide banking services to cannabis companies.

It’s possible that the SAFE Banking Act could be expanded to affect exchange listings, allowing US cannabis companies to list on the major exchanges.

These changes are good for some players and bad for others.

Important legislation for the U.S. cannabis industry is coming. On Tuesday the House Financial Services Committee is scheduled to review and mark up a draft of what is being called The Secure and Fair Enforcement (SAFE) Banking Act. The SAFE Banking Act has several significant implications for the cannabis industry.

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