THE WAS DAILY with Joey SLLIks CANNABIS NEWS REPORT -High Times entering ADULT USE CANNABIS Market
Thursday April 30 2020
https://mgretailer.com/cannabis-news/...
The “Single Convention requires parties either to prohibit marijuana cultivation altogether or, if they permit cultivation, to establish ‘a single government agency’ to oversee marijuana growers and generally to monopolize the wholesale trade in the marijuana crop,” the memo reads
The memo
https://www.justice.gov/olc/file/1272...
We conclude that DEA must change its current practices and the policy it announced in 2016 to comply with the Single Convention. DEA must adopt a framework in which it purchases and takes possession of the entire marijuana crop of each licensee after the crop is harvested. In addition, DEA must generally monopolize the import, export, wholesale trade, and stock maintenance of lawfully grown marijuana.
The CSA imposes strict controls on marijuana, which is defined to in- clude “all parts of the plant Cannabis sativa L.” and all compounds and derivatives thereof, with certain exceptions not relevant here. 21 U.S.C. § 802(16). The statute classifies marijuana as a schedule I substance, the most stringent classification available, reflecting a determination that marijuana “has a high potential for abuse” and “no currently accepted medical use.” 21 U.S.C. § 812(b); see Craker v. DEA, 714 F.3d 17, 19 (1st Cir. 2013); 21 C.F.R. § 1308.11.
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Harvest stores teams up with high times now high times will be in the retail cannabis market complete with their branding marketing and reputation
“We have enormous respect for the Harvest brand and look forward to ushering in the next generation of retail experience with Harvest as a significant shareholder in our company. We look forward to finding a myriad of ways to work with Steve and the team at Harvest,” Levin continued.
“We’ve long supported Harvest and the other cannabis-retail-trailblazers as they pushed forward despite changing legislation, insurmountable licensing fees, political stigma and, frankly, through a process that was designed to be difficult,” Hightimes Holding Corp. Executive Chairman Adam Levin
https://www.harvesthoc.com/locations/...
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https://www.globenewswire.com/news-re...
arket
LOS ANGELES, April 28, 2020 (GLOBE NEWSWIRE) -- Hightimes Holding Corp., the owner of High Times®, the most well-known brand in cannabis, announced the execution of a definitive agreement to acquire certain equity and assets with respect to 13 planned and operational California dispensaries from Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”). The mostly stock-based transaction, upon successful closing, will allow Hightimes Holding Corp. to enter the retail sector and enable Hightimes Holdings to become one of the largest branded cannabis retailers in California overnight.
Harvest Health & Recreation
https://harrisbricken.com/cannalawblo...
https://harrisbricken.com/cannalawblo...
One of these letters was issued to Herbal Amy Inc., a company out of Idaho that also sells CBD products online. Herbal Amy was selling “Coronavirus Protocol” products including “Coronavirus Boneset Tea, Coronavirus Cell Protection, Coronavirus Core Tincture, Coronavirus Immune System, and Elderberry Tincture.” This is some of the language included with the products that the FDA deemed unlawful:
. Generally speaking, products that are not approved by the FDA for the “diagnosis, cure, mitigation, treatment, or prevention of any disease” cannot be marketed as drugs, meaning that these products cannot be marketed with health claims or structure/function claims. If you make health claims regulated by the FDA related to CBD or other cannabis products, you are risking federal enforcement actio
Consequently, the FTC, which is tasked with protecting consumers from false and deceptive advertising practices, issued an administrative complaint while simultaneously seeking a temporary restraining order and preliminary injunction against Mr. Ching last week
Stipulated preliminary injunction order
https://www.ftc.gov/system/files/docu...
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