Columns » CannaBiz

CannaBiz: Industry updates

by

comment

Home grown

News waits for June, apparently, so here's a panoply of pieces to peruse:

Colorado Alternative Care Services (1402 W. Colorado Ave., 635-5963) has closed; its voicemail greeting simply says, "I want to thank you very much for your call, but we are no longer in business."

• Colorado Springs' Cannabis Science (cannabisscience.com), headed by University of Colorado at Colorado Springs professor Robert Melamede, has announced it will soon release a new line of marijuana-based products.

"Cannabis Science is rapidly moving to commercialize Phytiva, our new over-the-counter skin and nutraceutical [health-boosting food] product line to be available through its newest venture Phytiva Pharmaceuticals Inc.," reads a statement. "Cannabis Science formulations for these new products are finalized and we are making decisions for mass manufacturing and nationwide distribution."

• The best part of the report Grass Roots Research and Distribution released last week about Medical Marijuana Inc., a California company that just purchased Denver's Dixie Elixirs & Edibles, is a note regarding the MMJ market, "which Grassroots [sic] expects to grow at a rate of 39 percent annually (compounded rate) over the next four years taking the market to $8.9 billion within the 16 legal states and Washington, D.C. They further note that as of now, there are as many as 25 million patients eligible to benefit from medical marijuana under the current state laws."

Those numbers should only increase with Connecticut's recent news; see below.

Hemp History Week occurs between June 4 and 10, and to celebrate, the Hemp Store (2 Ruxton Ave., Manitou Springs, toddshempstore.com) "will have educational materials and samples all week long," according to its event page. "We will [also] be showing various hemp history related films and documentaries throughout the week."

Limited promotions on Dr. Bronner's Magic Soaps will also be offered by Whole Foods Market and Natural Grocers by Vitamin Cottage locations. Dr. Bronner's announced Tuesday it's giving $50,000 to the Campaign to Regulate Marijuana Like Alcohol.

New buds

Last Friday, Connecticut became the 17th medical-marijuana state when Gov. Dannel Malloy signed House Bill 5389 into law.

A few caveats, however, as pointed out by Americans for Safe Access: "There are a number of problems ... cited, including a prohibition on patients cultivating their own medical marijuana," reads a release. "Another contentious issue ... is an overly restrictive list of qualifying medical conditions. For example, the qualification list excludes chronic pain, which is the condition for which the vast majority of patients in the U.S. use medical marijuana."

Add a comment

Clicky Quantcast