Cannabis News Roundup: Panic time in Colorado as prices plummet?

Jul 8, 2016

Miracle Grow, Google show interest in cannabis industry ... Prescriptions drop in legal states ... AUMA explained ... Time to panic in Colorado? And more.

BUSINESS

Google may venture into canna-biz // MJbizDaily

Global technology giant Google is showing interest in the needs of the cannabis industry and how they might be involved. This follows similar news from Microsoft and others.

Miracle Grow wants some cannabis biz // The Cannabist

“It is the biggest thing I’ve ever seen in lawn and garden,” says the company CEO.

Colorado recreational cannabis prices off a third; time to panic? // MJbizDaily

“According to data from the online wholesale marketplace Cannabase, the average monthly asking price per pound for recreational flower dropped to an average of $1,402 in June from $2,106 in January.

“The lowest monthly asking price on the Denver-based site plunged even more, to $750 last month from $1,800 in January.”

HEALTH

Medicare sees savings in medical marijuana states // NPR

“The researchers found that in states with medical marijuana laws on the books, the number of prescriptions dropped for drugs to treat anxiety, depression, nausea, pain, psychosis, seizures, sleep disorders and spasticity. Those are all conditions for which marijuana is sometimes recommended.”

Opening of Hawaii’s medical marijuana dispensaries delayed // MJbizDaily

“The reason: they’re simply not ready.”

Few pharmacies in Uruguay want to sell medical marijuana // Associated Press

" ‘I don't see the need to get into a conflict with people who are already selling weed in the neighborhoods,’ said Marcelo Trujillo, who owns three pharmacies.”

Canadian pharmacies indifferent to medical sales // Civilized.life

The “executive director of Physicians for a Smoke-Free Canada said there is some logic in allowing pharmacies to sell medical marijuana. She said pharmacists are governed by professional standards and therefore are well-positioned to be responsible for distributing the drug and preventing false claims.”

EVENT

SuperNova presenting free licensing workshop // SuperNova Women

“The event [July 14, starting at 6:30pm] will include an overview of the application process by the [Oakland] City Administrator, an introduction to the Equity Permit Process, and breakout groups focused on those businesses with lowest barrier to entry and/or with immediate licensing opportunities: Cultivation, Non-Volatile manufacturing (i.e. edibles, topicals), and Delivery Services.  

OPINION

Keith Stroup explains it all for you // NORML

The pioneering legal counsel for the National Organization for the Reform of Marijuana Laws breaks down California’s AUMA ballot initiative.

IT’S A CONTROLLED SUBSTANCE, SO KEEP IT UNDER CONTROL….

New users of edibles need schooling in use // Drugandalchoholdependence.com

Edibles generate positive comments by Twitter users, according to this analysis, but “negative tweets confirm the potential adverse effects of edibles and calls for educating edibles-naïve users, improving edibles labeling, and testing their THC content.”

IN OTHER NEWS….

[New content is generally posted on Friday.]

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