Inside | Real news, curated by real humans
Inside Cannabis

Inside Cannabis (Sep 9th, 2019)

2. A Massachusetts mayor was arrested for allegedly taking bribes to approve dispensaries. Fall River Mayor Jasiel Correia is accused of taking as much as $600,000 in exchange for issuing letters of approval for four Massachusetts dispensaries. Correia pleaded not guilty in a Boston federal court Friday, was released on bail and is back on the job as mayor. It’s the second time in less than a year that Correia has been arrested; last October he was charged with defrauding investors of an app company. — ASSOCIATED PRESS

3. High Times investors are at risk of losing their money if the stock never lists. The famed cannabis publication had originally hoped to be listed on the NASDAQ for an IPO last year, but in June set its sights on a smaller exchange called the OTC. But even that listing has been delayed yet again, as an August 30 IPO date was postponed with no revised target announced. Analysts say that investors might not get their money back if the stock never lists on any exchange. — CELEB STONER

4. Canadian cultivator CannTrust has laid off 20 percent of its workforce. Mired in an illegal grow scandal that got both the president and CEO of the company fired, Ontario-based Canntrust is attempting to restructure the company by laying off 180 employees. The “can’t trust” jokes about its name are likely to continue, as a recent survey found CannTrust the least trusted brand in the Candian cannabis industry. — FINANCIAL POST

5. A Mississippi legalization group has turned in enough signatures to get medical marijuana on the state’s 2020 ballot. Mississippians for Compassionate Care turned in more than 200,000 signatures (though only 105,000 have been verified locally, and the state needs to verify them all before the measure goes on the ballot). Pollsters say medical marijuana has higher than 75 percent support in the state. — JACKSON CLARION LEDGER

6. The governor of Utah is moving forward to replace state-run dispensaries with privately owned shops. Utah is scheduled to roll out its medical marijuana program in March 2020, and governor Gary Herbert wants to scrap the original idea for the state-run stores because he fears state employees could be subject to federal prosecution. — MJ BIZ DAILY

7. A New York City college student is being held in Russia on medical marijuana charges. Pace University student Audrey Eliza Lorber did have a medical marijuana card when she was found with two-thirds of an ounce at a St. Petersburg airport, but U.S. cards are not valid in Russia. She’s still detained, though her congressperson, Rep. Max Rose, is trying to secure her release. — NBC NEWS 

8. Many Illinois dispensaries are unlikely to begin recreational sales January 1. State agencies were given a 180-day window to create rules and regulations when Gov. J.B. Pritzker signed the adult-use laws on June 25, and since they’re unlikely to be completed before December, most shops won’t be able to get their applications processed by the first of the year. — CHICAGO TRIBUNE

9. Cannabis stocks have tanked on the Tel Aviv stock exchange. A combination of strict regulatory standards and widespread theft have hurt the valuations of Israeli marijuana companies, leaving many looking to export to other, more promising countries. — HAARETZ

10. California could get its first drive-thru dispensary. The still-unnamed shop in San Bernardino County does have its dispensary license, but Adelanto City Council would need to approve the drive-thru window.  — VICTORVILLE DAILY PRESS

Joe Kukura has been the cannabis writer for SF Weekly since 2016, and his work has appeared in Thrillist, the Daily Dot, and NBC Bay Area. You can follow him on Twitter at @ExercisingDrunk.

Edited by: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside).

Subscribe to Inside Cannabis