In the days of the Armada, a fleet of warships, the scuttlebutt was the rumor or gossip that would spread throughout the ship. Today, Armada Law Corp presents The Scuttlebutt, a daily summery of news articles that people within the cannabis, hemp and plant medicine industries are chatting about along with links to the full articles.
In today’s news:
#psilocybin – “Oregon was taking a major step Friday in its pioneering of legalized psilocybin therapy with the graduation of the first students trained in accompanying patients tripping on psychedelic mushrooms, although a company’s bankruptcy has left another group on the same path adrift.
The graduation ceremony for 35 students was being held Friday evening by InnerTrek, a Portland firm, at a woodsy retreat center. About 70 more will graduate on Saturday and Sunday in ceremonies in which they will pledge to do no harm.
“Facilitator training is at the heart of the nation’s first statewide psilocybin therapy and wellness program and is core to the success of the Oregon model we’re pioneering here,” said Tom Eckert, program director at InnerTrek and architect of the 2020 ballot measure that legalized Oregon’s program.”
“As passed by the General Assembly, the bills would have the unintended result of eliminating the thriving Virginia hemp industry, greatly expanding the cannabinoid black market in Virginia and creating serious public safety and public health problems across the entire Commonwealth,” states the letter.
So, what’s in these bills that could have such an effect?
According to the Association, one of the major issues is the way tetrahydrocannabinol (THC) is defined as it includes all isomers of THC – and the non-intoxicating cannabinoid cannabidiol (CBD) is a THC isomer.
“If enforced as written, making CBD illegal would needlessly wipe out the entire hemp extract industry in Virginia and turn consumers toward unregulated and potentially unsafe markets.” states the group.”
#californiacannabis – “The Board of Supervisors is slated Tuesday to consider a bevy of proposed changes to Riverside County’s commercial cannabis ordinance, establishing avenues for the revocation of licenses due to non-operation, loosening regulations on signage and permitting marijuana manufacturing in previously restricted zones….
One of the most significant adjustments to the ordinance was proposed by board Chairman Kevin Jeffries, who has repeatedly expressed dissatisfaction with cannabis operators that have received county licenses and reached development agreements with the county but have not made any progress toward opening their doors.”
#cannabislaw – “Delaware’s Supreme Court has affirmed a Chancery Court decision that directed an investor in California-based cannabis venture Bloom Farms to pay the company roughly $2.2 million for attorney fees it incurred after he sued it.
In an order Monday, a three-justice panel upheld decisions by Vice Chancellor Morgan T. Zurn to dismiss a suit filed by Jeff Menashe and his investment firm DG BF LLC against Bloom Farms’ operator American General Resources LLC, and to shift the cannabis venture’s fees onto Menashe and DG BF after they were found to have engaged in bad faith litigation conduct.
The order didn’t elaborate on the justices’ reasoning for affirming the decision, simply stating that “having considered this matter on the briefs and oral arguments of the parties and the record below,” the Supreme Court concluded that the lower court’s decisions should stand.”
#cannabisindustry – “In Colorado, state regulators from the Marijuana Enforcement Division (MED) issued a bulletin March 9 warning industry stakeholders that contracts between licensed cannabis businesses are enforceable. The industry bulletin came in response to a “series of reports” regarding licensees not paying invoices for cannabis ordered and received from other licensed businesses.
In the bulletin, MED officials stated that “Colorado recognizes the enforceability of contracts” between regulated cannabis businesses involving the purchase and sale of regulated cannabis under state law.
“Licensees should consider utilizing any available commercial contract provisions and civil court processes to enforce contracts or recover unpaid amounts,” the bulletin states. “These remedies are similar to those available to businesses that operate outside the regulated marijuana industry.””