🎙️ New Episode Alert! | She Blaze S7 Ep. 10 — "Federal Marijuana Moves"
Medical marijuana is expanding, Texas is playing games with MSO permits, a cannabis bankruptcy just got approved, AND is Congress out here smoking? 👀 Let's get into it.
Ice Dawson & Dasheeda Dawson (@TheWeedHead) breaking it down:
🍑 Georgia Expands Medical Marijuana — Gov. Brian Kemp signed SB 220, adding lupus as a qualifying condition, allowing vaping for patients 21+, and replacing the 5% THC cap with a 12,000mg possession limit. But does it really move the needle? We debate.
https://www.marijuanamoment.net/georgia-governor-signs-bill-to-expand-medical-marijuana-access-by-allowing-vaping-and-adding-new-qualifying-conditions/
🤠 Texas Yanks MSO Permit — Cresco Labs was awarded a Texas Compassionate Use Program permit on April 1st — then had it revoked weeks later due to a so-called "tabulation error." Bayou City Medical Dispensary took their spot. Cresco says it's evaluating its options. 👀
https://mjbizdaily.com/news/texas-revokes-cannabis-msos-permit-to-enter-medical-market/615941/
💸 Federal Judge Approves Cannabis Bankruptcy — The Cannabist Co. (a Canadian MSO owing $270M+) was granted Chapter 15 bankruptcy protections by a U.S. federal judge — with ZERO objection from the DOJ. Meanwhile Uncle Nearest whiskey got denied bankruptcy for $108M. Make it make sense.
https://mjbizdaily.com/news/us-bankruptcy-judge-signs-off-on-cannabis-msos-request-for-protections/616001/
https://www.thestreet.com/retail/159-year-old-liquor-brands-chapter-11-denied-future-unclear
🏛️ Is Congress Smoking? — Rep. Ilhan Omar told TMZ she believes "a lot of people" in Congress smoke cannabis — and walked off with a peace sign. We are not surprised. ✌️https://www.thestreet.com/retail/159-year-old-liquor-brands-chapter-11-denied-future-unclear
📋 Congress Directs DEA to Crack Down — The House Appropriations Committee is pushing the DEA & FDA to take action against unregulated cannabinoid products. The same bill also includes a provision to BLOCK further cannabis rescheduling. It's complicated out here.
https://www.marijuanamoment.net/congressional-committee-directs-dea-to-crack-down-on-unregulated-cannabis-products-that-threaten-consumer-safety/
🏢 MSOs Moving to Delaware — Trulieve is seeking shareholder approval to reincorporate in Delaware. With DOJ no longer objecting to cannabis bankruptcies, the legal landscape is shifting fast.
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