September 2019

US House Passes Landmark Cannabis Banking Bill

BY ACM STAFF This week members of the House of Representatives voted 321 to 103 in favor of HR 1595: The SAFE Banking Act, which explicitly amends federal law allowing banks and other financial institutions to work directly with state-legal marijuana businesses. This historic vote marks the first time ever either the House or the …

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Revised Legalization Initiative Highlights

New Language Features More Licenses, Beefed up Expungement Provisions BY MIKEL WEISSER Tuesday Sept 24th, the Smart and Safe Arizona legalization campaign announced it had completed its 30-day public review process and refiled their cannabis legalization initiative with the Secretary of State’s office. The revised version includes several minor but noteworthy changes. Since being filed …

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Arthritis Foundation Releases First CBD Guidance for Adults With Arthritis

As the leading organization for people with arthritis, the Arthritis Foundation has just released the first CBD guidance for adults with arthritis. CBD, or cannabidiol, a plant-based compound, has become popular among people with arthritis seeking to ease chronic joint pain. With no federal oversight of CBD products, a lack of scientific evidence for safety …

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A vaping crisis? 

A GUEST COLUMN BY TORY ROBERG, FORTITUDE AZ, LOBBYIST FOR MITA AZ On Wednesday, President Trump announced his plans to ban FDA-regulated nicotine flavored vapor liquids.  This will affect  10 million nicotine vapor users, 10,000 small business owners, and do absolutely nothing to combat the illegal market THC vapor products currently making people sick. Banning …

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Cresco Labs Buys Tryke For $282 Million, Picks Up Reef Dispensaries

AZ CANNABIS AMMA

ORIGINAL REPORTING By Debra Borchardt Cresco Labs Inc.  (CSE: CL) (OTCQX: CRLBF) has announced a plan to acquire Tryke Companies including six prime Reef Dispensary locations in Nevada and Arizona, expanded licensed cultivation and process capacity in Las Vegas and Phoenix and entry into the Utah market. The purchase price is $282.5 million which includes $30 million in real estate assets. The payment is a mix of Cresco Labs shares (approximately US$227.5 million), which …

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Illegal Cannabis Deliveries Targeted

BY ALLISON STEIN A new Maricopa County Sheriff’s Office (MCSO) sting operation on unlicensed medical cannabis delivery companies got under way the 1st week of September. The story broke early September 14th, almost a full week later. On Sept 5th, MCSO encountered multiple illegal cannabis distribution operations, willing to break the laws to deliver medical …

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MCSO arrests 14 in undercover marijuana delivery sting in Phoenix area

Make sure you’re careful and remember you cannot accept money or cash in exchange for cannabis or extracts unless you are a licensed Arizona dispensary. Unless you want to risk going to jail. This just dropped this week. “The AMMA does not authorize anyone but a licensed nonprofit dispensary to sell or deliver marijuana or …

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