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ARMADAIn the days of the Armada, a fleet of warships, the scuttlebutt was the rumor or gossip that would spread throughout the ship. Today, Armada Law Corp presents The Scuttlebutt, a daily summery of news articles that people within the cannabis, hemp and plant medicine industries are chatting about along with links to the full articles.
In today’s news:
#californiacannabis – “The first cannabis store operated by a social equity licensee opened in Sacramento, California, roughly two years after the City Council authorized and designated 10 retail licenses for those who had been arrested or adversely affected by the war on drugs.
Embarc opened Monday in South Sacramento, becoming the first operational store under the city’s Cannabis Opportunity Reinvestment and Equity (CORE) program, The Sacramento Bee reported.
In October 2020, California’s capital city created 10 retail marijuana permits for social equity applicants to its existing 30, lifting a cap enacted in 2009.”
https://mjbizdaily.com/first-social-equity-cannabis-retailer-opens-in-sacramento-california/
#psilocybin – “The ballot measure, Proposition 122, squeaked across the finish line as ballots were tallied the day after Election Day, receiving 51% of the vote.
Proponents called it a “truly historic moment.”
“Colorado voters saw the benefit of regulated access to natural medicines, including psilocybin, so people with PTSD, terminal illness, depression, anxiety and other mental health issues can heal,” co-proponents, Kevin Matthews and Veronica Lightening Horse Perez said in emailed statement Wednesday evening.”
https://coloradosun.com/2022/11/09/proposition-122-colorado-results-psilocybin-mushrooms-2/
#hempproducts – “A federal court has tossed a Kansas delta-8 cannabinoid business owner’s lawsuit against the state’s governor and attorney general over $120,000 worth of property and cash taken during a local police raid, with the judge ruling the 2018 Farm Act doesn’t give the company a right to sell hemp products.
U.S. District Judge Kathryn H. Vratil ruled Tuesday that the 2018 Farm Act may have decoupled hemp from marijuana, a Schedule I drug under the federal Controlled Substances Act, but it does not necessarily make selling hemp or hemp byproducts like THC a “private right” for Murray Dines, owner of Terpene Distribution.”
https://www.law360.com/articles/1547870/kansas-gov-gets-hemp-co-suit-over-product-seizure-tossed
#cannabislaw – “We often look to the federal judiciary as the gold standard of American jurisprudence. State courts frequently find federal opinions persuasive. Confirmation hearings for federal judges are televised. Indeed, the federal judiciary is even enshrined in Article III of the U.S. Constitution. And while we can expect that opinions issued by federal judges interpreting statutes and laws may differ somewhat across the nation’s districts and circuits, lawyers, businesses, and the public at large have come to expect—and rely upon—a degree of consistency in the federal judiciary’s decisions. However, when it comes to the rapidly evolving cannabis industry, the federal judiciary has been anything but consistent.”
https://www.jdsupra.com/legalnews/to-put-it-bluntly-the-federal-judiciary-5614192/
#cannabisindustry – “- A California federal judge has granted a default judgment against the makers of cannabis pill Idrasil in a suit from the U.S. Securities and Exchange Commission alleging it defrauded investors, ordering the company to pay $1.9 million in disgorgement and $3.1 million in civil penalties.
In an order filed Monday, U.S. District Judge Christine A. Snyder said C3 International Inc. has not participated in the litigation as a corporate entity, despite being properly served and admonished by the court that it should obtain counsel and respond.
The judge, however, declined to issue default judgment against the company’s co-founders, Steele Smith and his wife, Theresa Smith, as they have responded to the suit pro se and appeared at a hearing in July.
According to the order, not ordering a default would prejudice the SEC, as it would leave the commission without a way to enforce the Securities Exchange Act against C3, and the complaint sufficiently alleges that the company has violated provisions of the act and knowingly or recklessly misled investors.”
https://www.law360.com/securities/articles/1548076/pot-pill-co-ordered-to-pay-5m-in-sec-fraud-suit
#cannabisindustry – “A federal judge on Thursday temporarily blocked New York state cannabis regulators from issuing retail licenses amid a lawsuit by a company that had been denied approval to operate in the state.
U.S. District Court Judge Gary Sharpe issued the injunction amid a legal challenge brought by the owner of the Michigan-based Variscite. The company is challenging the provisions in the law that require that licenses for retail cannabis dispensaries be awarded to people who have affected by drug laws in New York state.”
