NATIONAL NEWS

from Dec. 2022 - California Leaf

by Northwest Leaf / Oregon Leaf / Alaska Leaf / Maryland Leaf / California Leaf / Northeast Leaf

THE EDIBLE EXPERIENCE

entertainment

SEAN COMBS GETS INTO THE WEED BUSINESS MISSOURI GROUP PLANS POT-FRIENDLY ENTERTAINMENT AREA

Hip-hop mogul and entrepreneur Sean “Diddy” Combs is venturing into the world of Cannabis.

Combs has agreed to acquire licensed Cannabis operations in New York, Massachusetts and Illinois, in a deal worth up to $185 million. The transaction marks Combs’ first investment in marijuana and will reportedly create the country’s first minority-owned, vertically-integrated, multi-state Cannabis company. It will also reportedly be the world’s largest Blackowned marijuana operation, according to a release from Combs and the companies.

The transaction comes after Cresco Labs earlier this year agreed to purchase rival Columbia Care in a $2 billion deal. The acquisition makes Cresco the top U.S. marijuana producer. It was one of the biggest deals in the Cannabis industry, and required Cresco to divest assets in limited-license markets including New York state.

The deal includes four retail stores and one production facility in the Empire State; three retail stores and one production facility in Massachusetts; and two retail stores and one production facility in Illinois.

“My mission has always been to create opportunities for Black entrepreneurs in industries where we’ve traditionally been denied access,” Combs said. “And this acquisition provides the immediate scale and impact needed to create a more equitable future in Cannabis.” W ell, that didn’t take long. Just a day after Missouri voters legalized adult-use marijuana, developers were already rolling out plans for an entertainment district allowing people to consume marijuana onsite.

It will be known as the Smokey River Entertainment District. Planners want to build it in the small village of River Bend, along the Missouri River, north of Independence.

“You go to any music venue throughout the United States, Cannabis has been a part of it whether you know it or not. Whether it was legal or illegal,” said Besa Hospitality Group Marketing VP Joey Pintozzi.

He envisions wedding venues, an amphitheater, clubs, restaurants and spots for adults to consume marijuana. “It’s normalizing Cannabis in everyday life,” Pintozzi said.

GLOBAL

GERMANY ENABLES CONTROLLED CANNABIS CULTIVATION & DISTRO

Germany will permit adults to purchase and possess up to 30 grams (a little over an ounce) of Cannabis for adult use, reports Bloomberg. The ruling coalition is fulfilling its promise to legalize weed, as Chancellor Olaf Scholz’s cabinet approved a proposal allowing controlled cultivation and distribution of marijuana. Germany, with Europe’s biggest economy, wants to discourage the illegal (and untaxed) market for the herb.

The coalition government last year struck an agreement to introduce legislation allowing distribution of Cannabis in licensed shops.

The plan would also allow home cultivation of three marijuana plants per adult, reports the BBC.

THE NEWS IN BRIEF MARYLAND AND MISSOURI LEGALIZE ADULT-USE CANNABIS

MARYLAND VOTERS in November overwhelmingly passed a measure making the state the twentieth to legalize marijuana for adult use. Meanwhile, 53% of Missouri residents approved a legalization measure of their own.

Under Maryland legalization, possessing amounts between 1.5 ounces and 2.5 ounces will be subject to civil fines. Possession of greater amounts will remain subject to existing criminal penalties. Adults can grow up to two marijuana plants.

Missouri’s new law allows adults to possess up to three ounces of marijuana. Adults can home-cultivate up to six flowering plants, six immature plants, and six plants under 14 inches for personal use.

FIVE TEXAS CITIES PASS DECRIM LAWS

VOTERS IN five Texas cities in November decided in favor of municipal ballot initiatives eliminating local enforcement of low-level marijuana offenses.

Voters in the cities of Denton, Killeen, San Marcos, Elgin and Harker Heights decided ‘yes’ on the measures. Specifically, the ordinances limit local law enforcement from making arrests or issuing citations for most marijuana-related violations. It also prohibits police in most circumstances from considering the odor of Cannabis as probable cause of a crime.

“Texans have shown that they want major Cannabis law reforms in Texas via polling, legislative engagement, and now at the local ballot box,” Texas NORML Executive Director Jax James said. “This will have a positive impact on the almost half a million people living in these cities.”

MINNESOTA GOVERNOR PROMISES LEGALIZATION

INCUMBENT Governor Tim Walz (DFL) is planning for Cannabis legalization with Democrats newly in control of the Minnesota Legislature. Spark ‘em if you got them!

The governor promised it will be “one of the first” bills to pass in 2023, according to former governor Jesse Ventura. Walz called him to chat about the implications of November’s midterm election results, Ventura said.

Walz extended an invitation to former wrestling star Ventura – a longtime Cannabis activist – to the anticipated signing ceremony once lawmakers deliver a legalization bill to the governor’s desk.

“It will be known as the Smokey River Entertainment District.”

MICHIGAN

JUDGE ALLOWS VIRIDIS’ LAWSUIT TO PROCEED

Ajudge has cleared Viridis North to move forward with its lawsuit against four individuals who worked for the Michigan Cannabis Regulatory Agency (CRA). The lawsuit alleges these individuals violated Viridis North’s constitutional rights. According to the suit, they did so by issuing what the company terms “a baseless recall” in November 2021.

U.S. District Court Judge Paul L. Maloney ruled that Viridis North’s suit can continue. This entitles the company to receive documents, discover evidence and question people under oath. This is to determine any individual liability among CRA leadership and staff for their roles in last year’s recall. The recall was against marijuana tested by Viridis North in Bay City, Mich.

“We applaud the Court for allowing this case to move forward so Viridis North can seek justice,” said David Russell, attorney with Foster, Swift, Collins, and Smith, P.C. “This was clearly an ill-conceived recall based on politics, not science, and we intend to pursue all remedies in court. It’s high time for the state to admit responsibility for its actions.”