The Daily Hit: September 21, 2022

The Daily Hit is a recap of cannabis business news for Sept. 21, 2022.

ON THE SITE

Vireo Health Sues Minnesota Over Hemp Edibles

Medical marijuana company Vireo Health, a subsidiary of Goodness Growth Holdings (OTC: GDNSF) is fighting back against a recent loophole for edibles in the state of Minnesota. The conflict stems from a recent amendment to Minnesota laws that was enacted on July 1. The statute now allows anyone to sell edible products with up to 5 milligrams of THC derived from hemp and a THC concentration of up to 0.3% to anyone over the age of 21. The complaint against the state says that the hemp-derived edibles are chemically identical to medical cannabis-derived edibles sold by Vireo that have the same type, quantity and concentration of THC. Read more here.

Florida Issues New Medical Marijuana License To Black Farmer

On Wednesday, Florida regulators issued a long-awaited medical cannabis business license to the state’s first Black marijuana company owner, an inevitable result of a 2017 law that required the state expand the MMJ industry. The winner beat out 11 other applicants for the license, and perhaps the only certainty now is that there will be a wave of lawsuits from those who lost out, the Orlando Sentinel reported. Read more here.

Video: GMR Cannabis Tech Summit

On September 8, 2022, the Green Market Report hosted its first Cannabis Tech Summit. The Summit was sponsored by KCSA Strategic Communications, Headset, Agrify, Springbig, Zelira Pharmaceuticals, Metrc, Mattio Communications and The Bureau cannabis packaging. The event also featured the first GMR Cannabis Tech Awards. The feedback for the event was positive and especially noted the diversity of the panels and attendance as well as the panel topics. Watch now.

BLAZE Honored For Best Delivery Tech At Green Market Report Tech Awards

When delivery started to become a key part of the cannabis industry, most cannabis software solutions didn’t address it as its own consideration. Instead, they tried to be everything to everyone, and as a result, they risked not being able to deliver for operators or consumers. Enter BLAZE Solutions. The Green Market Report Tech Awards were presented following the first-ever Green Market Report Tech Summit on Sept. 8 at The Pearl event space in San Francisco. This week, we’ll be providing a closer look at the honorees. Read more here.

IN OTHER NEWS

Oklahomans Won’t Vote On Recreational Marijuana This November

After several legal battles State Question 820, the petition to legalize recreational marijuana in Oklahoma will not be on the November ballot. The Oklahoma Supreme Court denied the group’s request to allow it to go to a statewide vote, saying the organizers of SQ820 “have no clear legal right and respondents (State Election Board) have no plain legal duty” to put the petition on the Nov. 8, 2022, ballot. Read more here.

1st Circ. Declines To Review Pot Interstate Commerce Ruling

The full First Circuit on Wednesday declined to review a split panel decision that found the dormant commerce clause of the U.S. Constitution applies to the federally illegal medical marijuana industry. The decision upheld the ruling that struck down Maine’s residency requirement for cannabis licensure. Read more here.

Trulieve Wins Georgia Production License

The Georgia Access to Medical Cannabis Commission awarded Trulieve GA a Class 1 production license. Trulieve patients in Georgia will be able to choose from a variety of low-THC oil products in both oral and topical forms in the near future. Read more here.

Clever Leaves Partners With House of Kush for International Expansion

Clever Leaves Holdings (Nasdaq: CLVR), a multinational operator and licensed producer of pharmaceutical-grade cannabinoids, announced a partnership with U.S. cannabis-branded genetics company House of Kush to be the exclusive grower and distributor of proprietary genetics globally. Read more here.

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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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