Inside Cannabis - July 31st, 2019

Inside Cannabis (Jul 31st, 2019)

Woodstock Sues Woodstock / Denver Smog / No Pot for Coast Guard


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1. The Woodstock music festival has won its cannabis court case against pot brand Woodstock American Products. Woodstock Ventures, which produced the original 1969 Woodstock festival and its various anniversary celebrations, had intended to produce a line of Woodstock-named cannabis products for this year’s 50th anniversary. It was sued over the name last year by a Pennsylvania hemp brand called Woodstock American Products, but a trademark judge ruled this week that the products were different enough that Woodstock Ventures could proceed. The dispute comes against the backdrop of the 50th anniversary Woodstock celebration, which will not even be in Woodstock, NY, and appears at serious risk of not even happening. — ASSOCIATED PRESS


2. Researchers are wondering if pot is contributing to Denver’s smog problem. The American Lung Association ranks Denver with the 12th worst air quality of any U.S. city. It’s not all the pot smoke being exhaled, but instead, concerns that the roughly 600 grow facilities in the city are releasing volatile organic compounds. The state of Colorado has commissioned a study on the matter, which may result in new carbon filter requirements for grows. — LEAFLY


3. The U.S. Coast Guard has ordered its personnel not to set foot in marijuana dispensaries. Coast Guard Commandant Admiral Karl Schultz issued a stern order Monday not only reiterating that personnel may not ever consume cannabis, but also barring them from entering any establishment that grows, sells or distributes legal marijuana. The order also bans “Coasties” from working at any manner of cannabis business, or investing in any cannabis-related company. — MILITARY.COM


4. Snapchat and Twitter are running cannabis ads in Canada, but the government may crack down. Twitter and Snapchat have acknowledged running ads in Canada for big weed brands like Aurora Cannabis and Hexo, and claim they are “geo-fencing” the ads so they only run in Canada. But regulators at Health Canada are investigating whether the ads may be appearing to people 18 years old or younger, which is prohibited by Canadian law. — MARKETWATCH 


5. Newt Gingrich’s sister is embroiled in an Illinois cannabis conflict of interest scandal. Candace Gingrich is married to Illinois state rep. Kelly Cassidy, and Gingrich's recent hire as an executive for cannabis company Revolution Enterprises is stirring conflict of interests concerns. Revolution Enterprises is applying for an Illinois license, and critics point out that state lawmakers and their family members are barred from holding cannabis licenses. — CHICAGO SUN-TIMES


6. Another immigrant has been detained by ICE over a years-old cannabis charge. The Los Angeles neighborhood of Echo Park is up in arms over a viral video of ICE agents taking a Guatemalan mother of two into custody, and her husband tells local media her citizenship application has been held up over a possession charge from when she was in her 20s. — CANNABIS NOW


7. Seven Tulsa dispensaries are suing Facebook to get out of “Facebook Jail.” The dispensaries allege that the social media company is using an “arbitrary, subjective, discriminatory and archaic policy” to censor their Facebook pages, and are seeking damages of $75,000.  — TULSA WORLD


8. The CannTrust scandal is expected to draw more bank scrutiny toward Canadian cannabis companies. Bank of America, Merrill Lynch, Citigroup, and Credit Suisse had all participated in underwriting the CannTrust IPO, but after that company’s illegal grow scandal, cannabis firms should expect much higher underwriting fees and far deeper investigation into their compliance. — BLOOMBERG


9. The U.S. Drug Enforcement Administration has been ordered to explain its delays on medical cannabis research applications. The  ​​​​​​DEA has been sitting on applications for medical marijuana research projects since 2016, but a D.C. Court of Appeals has ruled it must render decisions on these within 30 days. — MJ BIZ DAILY


10. Judge Jeanine Pirro has joined the board of a CBD company. The Fox News host has been named to the board of directors of HeavenlyRx, a Toronto-based hemp and CBD investment company that does not deal in any THC products. — MARIJUANA MOMENT


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