The Maple Act, California Cannabis Tax Cuts, and Cannabis at College
By: Infinity Broadcast Network
In Oregon, major cannabis retailer Nectar faces a four million dollar lawsuit. The company agreed to buy marijuana shop Rose City Buds and Flower, and after a year in which Nectar operated the store and kept the profits while still under the previous ownership, they have yet to pay most of the 1.2 million dollar sale price.
In California, a proposal to temporarily lower cannabis taxes from 15 to 11 percent is unlikely to pass the state legislature this year. Was it a failed attempt to curb the state's expansive black market, or was California's adult-use program doomed from the start? Tell us what you think online at Cannabis Broadcast Station.
In Missouri, BioTrack THC challenged Metrc for a state contract to register patients, license facilities and track marijuana product. BioTrack claimed Metrc submitted a lower bid because it would charge hidden fees, which Governor Parson's administration insisted was prohibited through the contract.
Cannabis in education: With the marijuana sector becoming the fastest growing job market in the country, with a projected one hundred and ten percent growth rate by 2020, colleges are adding a variety of programs and courses specific to cannabis. Northern Michigan, Stockton University in New Jersey, UC Davis, and Montreal's McGill University are among the schools paving the way in the booming industry.
On the international front, Canadian industry giant Canopy Growth enters into an offtake agreement with Pharmhouse, a 49 percent-owned joint venture of Canopy Rivers. Pharmhouse will dedicate flowering space in its Leamington, Ontario greenhouse facility to growing Canopy's genetic-specific plants.
Overseas, Germany announced the recipients of its domestic cultivation licenses, which will be divided among Aurora, Aphria and Demecan. The companies now have until next November to produce their first harvests, adding to the MMJ imports already coming into the country.
Written by: Micah Tatum and Jacqui Verdura