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:
#cannabisindustry – “A Texas Senate committee must pass legislation expanding access to medical cannabis for Texans with chronic pain by Wednesday – or else the bill will die,
reported CW39 Houston News.
HB 1805 from Rep. Stephanie Klick, R-Fort Worth, passed the Texas House 127-19 in April. The legislation has been pending action in the Texas Senate Committee on Water, Agriculture, and Rural Affairs for weeks.
Under the measure, doctors could recommend medical cannabis instead of opioids to patients with chronic pain caused by a myriad of conditions.”
https://www.benzinga.com/markets/cannabis/23/05/32556787/oregon-cannabis-saga-continues-gop-led-marijuana-bill-struck-down-and-more-pot-regulations
#psychedelics – “A California bill to legalize the possession of certain psychedelics and facilitated use of the substances has passed the Senate.
The legislation from Sen. Scott Wiener (D) was approved on the floor in a vote of 21-16 on Wednesday and now heads to the Assembly for consideration….
SB 58 would legalize the “possession, preparation, obtaining, transfer, as specified, or transportation of” specific amounts of psilocybin, psilocyn, DMT, ibogaine and mescaline for personal or facilitated use. Notably, “synthetic” psychedelics like LSD and MDMA would not be legalized, unlike the provisions of the previous version of Wiener’s legislation.
Beside personal possession being legalized, the bill would also specifically provide for “group counseling and community-based healing” involving the entheogenic substances.”
https://www.marijuanamoment.net/california-senate-passes-bill-to-legalize-psychedelics-possession-and-facilitated-use/
#californiahemp – “A California man who is on supervised release following more than 11 years in prison was indicted by a federal grand jury Tuesday for allegedly scamming investors out of more than $9 million with a fake hemp business.
In a criminal complaint filed earlier this month, the government detailed a history of convictions going back decades for Mark Roy Anderson that led up to the new accusations regarding Harvest Farm Group Inc. Anderson’s supervised release is related to a 2011 guilty plea for tricking investors with what the complaint described as a “largely fictitious or at least misdescribed oil business.”
The indictment alleges Anderson lied about Harvest Farm Group owning a hemp farm in Kern County that Anderson previously harvested “using his own machinery and equipment to convert the hemp into CBD isolate and/or Delta 8, a psychoactive substance that, like CBD isolate, could be used in consumer products ranging from olive oil to body cream.””
Calif. Con Man Indicted For $9M Fake Hemp Farm Scam: https://www.law360.com/articles/1680869?utm_source=android&utm_medium=android&utm_campaign=android-shared
#cannabislaw – “Consistently detecting THC in the breath of someone who has recently smoked marijuana is still not possible, according to a new study by the National Institute of Standards and Technology, and a “lot more research is needed” before a cannabis breathalyzer could be deemed “useful.”
A yearlong study collecting and analyzing the exhaled breath of 18 marijuana smokers with a “simple to use” impaction filter device, produced by Swedish company Munkplast AB, could not consistently produce a positive result for cannabis usage one hour after a person lit up, according to researchers at NIST and the University of Colorado Boulder. These findings are consistent with decades of research on the topic.
“Our results do not support the idea that detecting THC in breath as a single measurement could reliably indicate recent cannabis use,” the study published Monday says.”
Study Finds Breathalyzers Remain Unreliable As Pot Use Test: https://www.law360.com/articles/1680718?utm_source=android&utm_medium=android&utm_campaign=android-shared
#cannabisindustry – “New York-based Cantor Fitzgerald and Cowen are among the more notable financial-services firms that have dropped coverage of U.S. plant-touching cannabis companies.
“It speaks to the unhealthy state of our industry,” Jesse Redmond, the managing director of the cannabis sector and head of research at Florida-based Water Tower Research, told MJBizDaily.
U.S. cannabis stocks have taken a beating in the past 18 months.”
https://mjbizdaily.com/fewer-research-analysts-covering-cannabis-underscores-industry-woes/
#cannabisindustry – “News broke yesterday which will affect quite a few people in the Oregon cannabis industry.
Chalice Brands Ltd. (CSA: CHAL) obtained a court order in Ontario, Canada (“Initial Order”) which grants the company and its affiliates protection (a “stay”) from creditors. At least temporarily. The Initial Order is
here and the Chalice press release is
here. Chalice also filed an Oregon Circuit Court complaint on May 22 (“Complaint”), where it sued five of its own subsidiaries (the “Subsidiaries”) to drive them into
receivership locally.”
https://harrisbricken.com/cannalawblog/chalice-goes-down/
