June 2019

Farmers Plant Spring CBD Hemp Crops, USDA Guidance Soon

BY DR LLOYD COVENS For both returning farmers—and the new hemp farmers in Arizona, Wisconsin, So. Carolina, Pennsylvania, New Mexico, Kansas, Illinois and Michigan—unresolved issues on crop insurance, banking/loan challenges, and a major learning curve for farmers have all brought great uncertainty. But the difficult choice between reaching for a bigger pay-day from CBD versus …

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2019 Marijuana Sales to Top $15 Billion

Business, Featured Homepage / By azcn

BY DR. LLOYD COVENS 2019 MJ Growth to Top $15Bil. Despite RMJ Loss in New York In its’ 7th annual report, “The State of Legal Markets,” BDS Analytics and Arcview Group, project 2019 global cannabis sales will pass $15Bill., growing in 2024 past $30Bil, or a compound growth of 20% per year. The report also …

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National News Briefs

Business, Featured Homepage / By azcn

BY DR LLOYD COVENS Industry Pioneer Harborside Goes Corporate As HBOR The 10-year struggle of Steve DeAngelo (and brother Andrew behind him) to fight asset forfeiture and bad federal tax policy has given way to the California/Oregon operator of 18 licenses (as the largest Calif retailer) joining about 165 other cannabis firms on the Canadian …

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DHS Releases 2018 Medical Marijuana Report

Cannabis 101 / By azcn

The Arizona Department of Health Medical Marijuana Program has just released their annual audit of the program. With more than 193,000 patients in the program, Arizona has the 3rd largest medical program in the country and generated over half a billion dollars in sales. Click here to read the report DHS19-107_Report –ACM Staff

All About Aroma: Beyond Terpenes

Cannabis 101, Featured Homepage / By azcn

BY JENNY CORSO, CHIEF SCIENTIST, DARWIN BRANDS The cannabis industry has a budding love affair with terpenes, not only because they provide each chemovar with its own distinct smell, but strongly dictate the effect and therapeutic value of each strain, as well. Under the vast umbrella of phytochemicals, the group of biologically active and beneficial …

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AZ’s Cannabis Bar Holds Public Seminar

Business, Featured Homepage, Policy / Legislature / By azcn

BY ALLISON STEIN How many lawyers does it take to change a state’s cannabis laws? Wednesday the 26th hosted an all-day Arizona Cannabis Bar Association cannabis law seminar at Sheraton Grand at the Wildhorse Pass Casino in Chandler. The Arizona Cannabis Bar Association (ACBA) is a non-profit organization comprised of volunteer attorneys who work to advance …

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US Houses votes to expand marijuana protection

Featured Homepage / By azcn

For the first time ever, the House of Representatives just voted to restrict the Department of Justice from interfering with the states that have legalized adult-use marijuana. The importance of this 267 to 165 bipartisan vote on the Blumenauer amendment cannot be overstated. Today, nearly one in four Americans reside in a jurisdiction where the adult …

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Testing Bill Passes in the 11th Hour

Featured Homepage / By MWeisser

Hard-Fought Comprehensive AMMA Reform Package Heading to Governor after Unanimous Vote BY MIKEL WEISSER In what can only be described as a marathon fight down to the final possible hour, Monday night, at ten till midnight, the Arizona Senate gave its final unanimous approval to SB1494, Sen David Gowan’s hard fought for testing bill. The …

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Guv Signs Testing Bill, Marijuana Wins

Featured Homepage / By MWeisser

BY MIKEL WEISSER Congratulations Arizona, you now have a medical marijuana program with testing requirements on all cannabis products. According to sources at the Capitol, late Friday afternoon, Governor Doug Ducey called Sen David Gowan to congratulate him on SB1494, as he signed the bill into law. The finished cannabis testing package was the work …

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FDA CBD Hearing Analysis

CBD & Hemp, Featured Homepage / By azcn

BY DR LLOYD COVENS May 31 Brings Step1 In Long FDA CBD Data-Gathering Exercise For all the anticipation over the May 31, full day FDA hearing on CBD, it is really just step one in a political dance which may help CBD clarity– or just further muddy the works. When 120-plus professionals spoke to the …

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