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News Round-Up: Aug. 30th, 2021 (High There)

News Round-Up: Aug. 30th, 2021 (High There)

High There News Round-Up: Aug. 30th, 2021
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There can be a lot to keep track of when it comes to the fast-paced world of cannabis information and news. Our roundup has everything you might have missed from the last week and more.

South Dakota Residents Blocked From Purchasing Now State-Legal Marijuana

“[Governor Kristi Noem is] backing a lawsuit to overturn the voter-approved measure on constitutional grounds. The case is awaiting a state Supreme Court decision. Noem has said the state’s voters made a bad decision when approving the constitutional amendment.” (Link: npr.org)

South African Government Reveals $1.9B Cannabis Plan

“Establishment of the cannabis industry will lead to diversification of the economy and thus increase economic growth, create jobs and for poverty alleviation,” the department said Wednesday in a presentation to lawmakers.” (Link: financialpost.com)

Trulieve Employees Arrested After Stealing 22lbs of Medical Marijuana

A pair of handcuffs, by Bill Oxford via Unsplash

“Marquis Brown and Sammy Carter were arrested Wednesday by the Gadsden County Sheriff’s Office and taken to the county jail. Trulieve’s loss prevention officials alerted officials to the thefts.” (Link: tallahassee.com)

FBI Investigates Nevada Cannabis Licensing Over Accusations of Bribery

Police tape, by David von Diemar via Unsplash

“Since 2016, cannabis businesses, trade associations and individuals employed in the industry gave nearly $540,000 to local, state and federal politicians in Nevada, the analysis shows. California, which has more than 10 times the population, recorded about $800,000 in pot contributions in the same time period.” (Link: reviewjournal.com)

MA Cannabis Dispensaries Ordered to Pay $300k In Payroll Violations & Fees

“Theory Wellness, with locations in Great Barrington, Chicopee and Bridgewater, has been ordered to pay $300,000 in restitution and penalties after an eight-month investigation, according to a statement from the office.” (Link: nbcboston.com)

Cross-Border Cannabis Deals Require Creative Work-Arounds For Big Business

Canadian flag, by Jason Halso via Unsplash

“The line that divides Canada from the U.S. is looking more and more illusory for the cannabis industry.” (link: bloomberg.com)

North Carolina Farmers Hurt By Falling Cannabis Prices

Farmer Jason Gellman: “Most of us are in the red right now and if you are lucky enough to sell your product, it seems to be the average price per pound is around $700 which is way, way down. The county wants their money, the state wants their money, the banks want their money, the trimmers need to be paid and all of the other fees. For a small farmer, it costs around $500 to grow a pound. It’s barely paying the bills.” (Link: siliconvalley.com)

British Columbia Cannabis Clubs A Possibility

woman smoking joint

“There has […] been increasing interest in non-medical cannabis consumption spaces from cannabis, tourism and hospitality sectors as a means to help support economic recovery and increase the competitiveness of the legal cannabis market.” (Link: ubcm.com)

“3 Cannabis Stocks to Avoid Now”

“In 2020, Charlotte’s Web was the largest CBD pure-play competitor in e-commerce, food stores, drugstores, natural specialty retail, and mass retail. Still, being the top dog in these segments of the CBD market hasn’t led to significant revenue growth or significant returns for investors over the last few years.” (Link: fool.com)

“Cannabis in the Bronx: How over-policing and enforcement hurt a borough” (Editorial Series)

New York grafitti by Ian Dooley via Unsplash

“Melissa Moore, state director for Drug Policy Alliance’s New York office, said that the increased criminalization of marijuana in the Bronx was not only racially and systemically motivated, but also left a generation of Bronxites unable to find stable employment and housing due to the negative impact marijuana arrests have on background and criminal checks.” (Link: bxtimes.com, pt 1 of 3)

Research: CBD Does Not Produce False-Positive Tests for THC In Certain Drug Tests

Cannabis Tech is Automating the Industry

“Orally administered CBD does not appear to produce false-positive (or true-positive) tests for THC on the DW-5S and DT5000. The likelihood of an individual who is using a CBD (only) oral formulation being falsely accused of DUIC therefore appears low.” (Link: wiley.com [research paper])

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