SANTA FE, NM (KRQE) — The countdown is on for recreational pot sales. Although time is running out to put a plan in place, some want to make it easier for you to get started growing and selling cannabis. Whether it’s increasing the number of plants you can grow or cutting licensing costs, lawmakers are ready to grow more potted plants ahead of sales.

“We’re going to continue to learn from this industry as we open it up,” said Rep. Andrea Romero, who serves Santa Fe County. days.”

Much of Senate Bill 100 increases the number of plants growers can have. For micro-producers, it is planned to increase from 200 to 1,000.

“Part of fairness is allowing micro-producers to be licensed. That makes it really lucrative for them,” Romero said. “It really puts them on a foundation of potential growth and a truly competitive market that we would like them to enter.”

Earlier Monday, the state’s Regulatory and Licensing Department, which oversees the Cannabis Control Division, said it had made its own licensing changes. In addition to increasing the number of plants, they also cut the cost per plant in half, from $10 to $5.

“Cannabis growers weren’t increasing their plant count,” a representative said at the meeting. “What we learned is that the reason they weren’t is the cost associated with it.”

The new legislation also allows business owners who already have an alcohol license to also be allowed to sell cannabis. However, it still cannot be under the same roof.

“If you’re an entrepreneur who owns a lot of restaurants or a lot of businesses in one place, that shouldn’t preclude you from being able to license both cannabis and alcohol if it’s all under your own name,” Romero said. “The whole point of our original legislation was to make sure there was no confusion. You wouldn’t be able to buy both things at the same place.

Romero says other areas like security requirements have already been worked out with those who have already received their licenses. However, she hopes these latest additions are the last necessary step for the state’s newest industry.

“I hope this will continue to build the capacity of entrepreneurs to get into the business,” Romero said. “And I feel very good about the way these licenses are issued.”

Even though the reduced fees would mean less money from the pot, lawmakers hope the affordability will instead encourage industry growth, bringing big money down the line. While the state must begin cannabis sales no later than April 1, regulators haven’t ruled out kicking off sales earlier if things fall into place before then.

The BC Chamber of Commerce wants the province to “modernize” recreational cannabis by, among other things, allowing in-app delivery of products from private retailers.

A new chamber report says BC’s recreational pot industry is missing out on opportunities with current regulations.

The chamber makes 13 recommendations for rules regarding the retail sale and delivery, licensing and taxation of cannabis businesses.

“Implementing the…recommendations will unlock billions of dollars of private sector investment,” Fiona Famulak, president and CEO of the chamber, said in a statement.

“This will create more jobs for British Columbians, increase tax revenue and position BC’s cannabis sector as a leader in Canada and abroad.

One of the report’s sponsors, Eleanor Lynch, chief operating officer of Kiaro Cannabis, said it was time to look at the BC rules and how they could be changed to improve the experience. consumers, help regulated businesses thrive and further reduce the illicit market.

Competing with the illicit market

Among the report’s recommendations is a call for the province to allow private hot pot retailers to accept online orders and for delivery services like Uber Eats and Skip the Dishes to be able to bring their orders to customers.

The chamber also wants cannabis producers to take advantage of the agritourism boom by allowing “on-farm” sales directly to customers, much like wineries can sell their vintages to visitors.

The province is currently working on an on-farm program, Solicitor General Mike Farnworth said, which is expected to launch in the spring.

“The thrust of the paper is to address some of the market imbalances where consumers still don’t have easy access to regulated cannabis,” Lynch said, adding that regulated retailers are still struggling with the illicit market.

“It’s very frustrating for you to go out and market, raise your own capital… And then, you know, maybe an illicit operator opens up on the street.”

Municipal bureaucracy in the crosshairs

The report also calls for simplified licensing for retailers, especially when it comes to municipal issues.

It also calls for an end to the 20% tax on cannabis vapes in British Columbia and calls on the province to work with the federal government to reduce and streamline taxes on regulated cannabis.

Lynch argues that if taxes on cannabis vapes are too high, young consumers are more likely to buy unregulated vapes, but health officials have said the vaping tax is important for tackling smoking for young people.

Lynch said the report was given to various politicians and policymakers for review.

DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”), is pleased to provide guidance on certain fourth quarter and year-end results ending December 31, 2021, on the basis of preliminary results:

• The Company expects net revenues for the three-month period ending December 31, 2021 to be between $16.6 million and $17.4 million. This compares to:
  • $14.15 million for the same period in 2020, an increase of between 17% and 23%.
  • $15.2 million sequentially from the third quarter of 2021, an increase of between 9% and 14%.
• The Company expects net revenues for the fiscal year ending December 31, 2021 to be between $61.8 million and $62.6 million, compared to $52.1 million for the same period a year earlier. .

“We expect to report strong year-over-year and sequential revenue results for the fourth quarter of 2021,” said John Arbuthnot, CEO of Delta 9. “Delta 9 strives to differentiate itself from its peers posting strong financial and operational results and continuing to grow its revenue streams from its three main business units.”

Delta 9 will provide investors with a full breakdown of its progress in these areas as part of its year-end and fourth quarter results to be released on March 31, 2022, before markets open, followed by a conference call. , details of which can be found at the end of this press release.

The preliminary estimated financial results and other data for the three-month period and fiscal year ended December 31, 2021, presented above are unaudited and are subject to the completion of the Company’s financial close procedures. These preliminary estimated financial results have been prepared by the Company’s management and are their responsibility. The Company’s independent registered accounting firm, Baker Tilly HMA LLP, is performing year-end audit procedures with respect to the attached preliminary financial results and other data. , and therefore does not express an opinion or any other form of assurance with respect thereto.

The Company currently expects its final operating results and other data to be consistent with the estimates set forth above, but such estimates are preliminary and the Company’s actual operating results and other data may differ materially from these estimates due to the completion of its financial close procedures, final adjustments and other developments that may occur between now and the issuance of these consolidated financial statements for the period ended December 31, 2021.

2021 Year-End Earnings Conference Call

A conference call to discuss the above results is scheduled for March 31, 2022, prior to commercialization. The conference call will be hosted at 9:00 a.m. Eastern Time by John Arbuthnot, Chief Executive Officer, and Jim Lawson, Chief Financial Officer, followed by a question and answer period.

For more information contact:

Investor and media contact:
Ian Chadsey Vice President Corporate Affairs
Mobile: 204-898-7722
E-mail: [email protected]

About Delta 9 Cannabis Inc.

Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. The Company sells cannabis products through its wholesale and retail channels and sells its cannabis cultivation pods to other businesses. Delta 9’s wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis and operates an 80,000 square foot production facility in Winnipeg, Manitoba, Canada. Delta 9 owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. Delta 9 shares trade on the Toronto Stock Exchange under the symbol “DN” and on the OTCQX under the symbol “DLTNF”. For more information, please visit www.delta9.ca.

Disclaimer for forward-looking information

Certain statements in this release are forward-looking statements, which reflect management’s expectations regarding the company’s future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. The forward-looking statements contained in this press release include statements relating to Delta 9’s financial results for the three months and year ended December 31, 2021. These statements are subject to risks and uncertainties that may cause results, actual performance or developments differ materially from those contained in the statements, including the Company’s actual financial results which differ from its estimates as well as any risk factors set forth in Delta 9’s Annual Information Form dated March 31, 2021 which was filed on SEDAR. There can be no assurance that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will derive therefrom. Readers are urged to carefully consider these factors when evaluating the forward-looking statements contained in this press release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof, and the Company disclaims any intention or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required. by applicable securities. laws.

Written by

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to market to leading companies in the cannabis industry in the United States and abroad.

(The Center Square) – A key Republican senator has expressed support for the legalization of recreational cannabis in Pennsylvania as a way to reduce pressure on the criminal justice system and increase funding for state police.

Senate Law and Justice Committee Chairman Mike Regan R-Dillsburg wrote in a editorial Monday that he circulated a co-sponsorship note to authorize adult use statewide and direct a portion of the $ 1 billion planned tax revenue to support state policing.

“Our law enforcement agencies and our justice system have neither the manpower nor the time to deal with these minor marijuana-related offenses that clutter our courts and produce little return,” he said. -he declares. “Instead, police and prosecutors must focus on protecting our residents from violent criminals and large-scale drug importers who also sell heroin and fentanyl, who kill thousands of Pennsylvanians each. year.”

The idea offers a long-term solution to a funding problem that has plagued the legislature for years – how to break the agency’s reliance on transfers from the Motor License Fund, which is intended to fund the maintenance of roads and bridges.

In 2020, lawmakers embezzled more than $ 800 million from the account to supplement state policing as the Pennsylvania Department of Transportation grapples with rising maintenance costs and launched a unpopular interstate bridge toll plan to close the gap.

Regan said his plan eliminates this need while building a solid infrastructure “that will lead to more job creators and entrepreneurs to invest in Pennsylvania’s economic future.”

The proposal would also address the application of the DUI for cannabis users, protect the possession of firearms “regardless of one’s choice” to use the drug, establish a new regulatory control board, develop educational programs that deter the use of minors and would provide “social equity, inclusion and assistance to companies entering the industry.”

Regan, who spent more than two decades serving in the US Marshals Service, said he has seen first-hand the “seriousness of illicit drug use,” but believes that legalizing recreational cannabis will not only alleviate it. pressure on law enforcement, but will bring additional benefits to the state. successful medical program serving 365,000 active patients.

Regan’s editorial does not mention any component of restorative justice that erases non-violent beliefs – unlike one measure presented by Sens. Dan Laughlin, R-Erie, and Sharif Street, D-Philadelphia, in February. Both senators have expressed interest in running for a statewide post, with Street considering an offer for the US Senate and Laughlin eyeing the governor’s mansion.

Governor Tom Wolf first expressed his support for recreational cannabis in 2019 as his second in command, Lieutenant Governor John Fetterman, embarked on a statewide tour to discuss the politics with residents. On Monday, Wolf tweeted that he was “doing everything to legalize adult marijuana use in Pennsylvania.”

“For me to sign, the bill must include efforts to restore justice for Pennsylvanians who have been over-punished for marijuana-related offenses,” he said. noted.

Regan’s bill is the second Republican-backed plan presented to the upper house this year, signaling a shift among party members long opposed to politics.

The province has filed a statement to shut down the Indigenous Bloom cannabis store in Portage la Prairie, the provincial regulator’s latest attempt to curb what it claims to be operating an unlicensed retail store.

The Indigenous Bloom store in Portage is a partnership between the Long Plain First Nation and Indigenous Bloom, a British Columbia company.

In May, the provincial regulator terminated the license of another store in which Long Plain First Nation is a partner, Meta Cannabis Supply Co. at 420 Madison St., even though that store was in compliance with all regulations. The status of this store is unclear, although officials at High Tide Inc., a company that acquired cannabis retail chain Meta late last year, have said it is relinquishing. his participation in this store.

Long Plain First Nation Chief Dennis Meeches declined to comment on Friday afternoon after the Manitoba Attorney General’s office issued a press release on the lawsuit seeking an interim and permanent injunction against the landlords of the shop.

The statement noted that the attorney general’s office wishes to “apply a set of rules to everyone.”

In the past, Meeches has claimed the store does not sell unregulated products and has hinted that a legal battle is imminent.

Meanwhile, a store attendant who answered the phone Friday afternoon at the subject native Bloom’s location at 79 Keeshkeemaquah Drive in Portage la Prairie said the store was open.

Some believe this is the first salvo in a battle over Indigenous rights in the cannabis industry, something observers say remained ambiguous in the original federal legislation to legalize recreational cannabis in 2018.

Meeches has said in the past that his band is the government authority “for all matters on our lands”.

The statement states: “The absence of any cannabis store agreement with MBLL (Manitoba Liquor and Lotteries Corp.) and the absence of a retail cannabis store license means that all cannabis sales made in the Indigenous Bloom store are against the law. from Manitoba and Canada.

The attorney general’s office said it was taking action to protect the public interest and was following earlier efforts by provincial cannabis industry regulators to end what it claims to be unlicensed sale of products. unregulated at the Long Plain First Nation Portage store. He said regulators have “extended multiple opportunities to resume participation in the authorized legal framework,” but these actions have not had the desired effect and sales of what he says are commodities. unregulated cannabis continued.

[email protected]

A taste of the Netherlands is set to arrive soon at John R in Hazel Park, where one of Michigan’s premier marijuana parlors is scrambling to get the necessary permits to open.

Hazel Park and Kalkaska are the first cities where potential pot smoking sites have submitted state licenses, reports Crain’s Detroit Business. Unfortunately, however, the trade publication says you won’t be able to choose from a bud menu like you can at weed hangouts elsewhere – it will be BYOP.

The name of the cream-painted storefront along John R in Hazel Park reads in black letters: Hot Box Social. The company is set to become the first in Michigan where smoking weed in a company is legal. It submitted application documents in January and is awaiting some changes before it can potentially receive a consumer establishment license and begin operating.

A big problem for Hot Box Social and all other consumer lounges is that they cannot legally sell cannabis on site. Typically, they get around this problem by having customers buy the product from a nearby retail establishment and bring it themselves, or by having their edibles or flowers delivered to the consumption site. Delivery is allowed.

Hot Box is located at 23610 John R, north of Nine Mile Road.

Nearly 300 Michigan municipalities have reportedly approved ordinances authorizing the settlements.

In Metro Detroit, Hazel Park has no local limits on consumer lounges that have been registered by the state, while Ferndale and Warren have banned them. Highland Park allows three. Detroit, if its proposed recreational cannabis ordinance passes, will allow 35 consumer lounges to operate within its borders.

Although marijuana is legal for recreational or medical use in the majority of US states, bar-style consumption has been slow to develop. According to the Cannabis Industry Journal, fewer than 10 states currently allow lounges, and the pandemic has stifled growth where they are allowed.

SPRINGFIELD, Ill. (AP) – Former state senator who pushed to legalize marijuana in Illinois leaves senior government post to lobby for an organization that was instrumental in legalizing cannabis in the state.

Toi Hutchinson, who became Senior Cannabis Control Advisor to Governor JB Pritzker in late 2019, resigned from that post last week to become CEO of the Marijuana Policy Project. The group, known as MPP, is working to legalize cannabis in other states and at the federal level.

THELegislation to legalize cannabis at the federal level recently proposed by Senator Chuck Schumer (DN.Y.) and a group of Senate Democrats is long overdue. While it aims to right the injustices done to communities of color that have been most affected by the war on drugs, it excludes a very important demographic: patients.

The bill is presented as a “comprehensive” reform of cannabis. It makes cannabis legal in the United States for recreational purposes and contains many provisions to develop the cannabis industry. It also adds taxes that provide revenue for the federal government and stipulates that part of the money raised must be used to improve the lives of communities most affected by the failed war on drugs.

Leaving patient care aside is neglecting the larger group of people who will or may be affected by this new law.

publicity

It is estimated that 115 million Americans over the age of 50 will develop one or more diseases such as osteoarthritis, anxiety, insomnia, or cancer that can be treated with cannabinoid drugs. Failure to include them in the draft discussion underscores that lawmakers do not pay attention to the needs of patients, the differences between patients and recreational users, and how a recreational paradigm fails to support necessary clinical care.

My colleagues and I from the Association of Cannabinoid Specialists, a professional organization dedicated to the scientific training of clinicians and legislators in the use of cannabinoid drugs, believes that a medical cannabis paradigm should include four key components, which we shared with Schumer and colleagues.

publicity

First, the legislation should separate medical and recreational cannabis. While the legalization of recreational cannabis may meet the needs of healthy people, it does not meet the medical Needs. People need competent care that is grounded in solid science and aligned with the same core values ​​that apply in all areas of medicine, including respecting patients’ choices through informed consent, beneficence through sound medical advice that ensures patients benefits while minimizing harm, issuing accurate prescriptions to ensure patients receive the right medications and justice by ensuring that everyone is treated fairly and that all have the right same treatment opportunities.

Second, national standards must govern the production and safety of cannabis-based medicines. Packaging should be consistent across the country with ingredient and potency labeling that is accurate and easy to read. Many states have already established their own standards to address some of these concerns, but these rules vary from state to state. We believe that part of the role of federal law should be to incorporate the best of these policies into a national standard. This is commonly referred to as the harmonization of standards, and my colleagues and I believe it will be welcomed by many state legislators and regulators.

To ensure that national standards allow innovation in the field of cannabinoid drugs, the Association of Cannabinoid Specialists encourages continued research and collaborative efforts among industry, scientists, clinicians and regulators.

Third, all states, even those without medical cannabis programs – must allow individuals to freely cross state borders with cannabis-based drugs, which they are currently prohibited from. People with nationally recognized prescriptions under a new federal law should be free to use and travel with their medications across jurisdictions and state borders, including by air, in all states and US territories.

Fourth, there must be a clear set of rules for properly advertising cannabis products, whether sold in the recreational or medical markets. These rules should include a restriction on distributors giving point-of-sale medical advice – only qualified and licensed healthcare professionals should guide patient care. Sellers should also be required to fill prescriptions for medical cannabis as written, without attempting to sell additional or different products.

Federal rules should also prohibit advertising that is misleading, false, fraudulent, or creates a misleading impression – whether directly or through omission or ambiguity – or that promotes overconsumption or encourages the consumption of more potent products.

With so much emphasis on cannabis as a business opportunity and a method to correct social injustice, it’s easy to forget that cannabis is also a medicine and that patient support is about social justice.

When creating and implementing cannabis legalization, the health and safety of patients who depend on cannabis to treat many physical and mental illnesses cannot be forgotten. The guidelines we have proposed for federal regulation will ensure that cannabis patients are not forgotten and that they – like any other patient – will have easy access to safe and effective treatments.

Jordan Tishler is a physician of internal medicine, founder of the inhaleMD medical practice in Cambridge, Mass., Medical instructor at Harvard Medical School and president of the Association of Cannabinoid Specialists.

More than 90 percent of cities in Maine still do not allow recreational marijuana stores, even though sales in the industry have been steadily growing since their inception almost a year ago.

While Brewer and Orono are both on their way to licensing recreational cannabis stores very soon, they will only join three other communities in Penobscot County that allow such stores – Bangor, Medway, and tiny Stacyville with just 380 residents. . Etna allows growth operations but not retail stores.

Statewide, only 47 of Maine’s roughly 500 cities and plantations have chosen to license recreational marijuana retailers. Less than a third of Maine residents, just 29 percent, live in these communities, although many more live near them, according to The data from the Maine Office of Marijuana Policy and the 2020 US Census.

The small number of cities allowing sales presents an obstacle to the growth of the industry, which has only been able to sell recreational weed since last October and posted its highest sales figure to date, 10, $ 2 million, in August. A cannabis industry group has acknowledged the slow growth of cities that adhere to licensed retail stores.

Part of the resistance to allowing marijuana stores comes from the association of many Mainers’ marijuana with harder drugs that have ravaged their communities, including opioids and methamphetamine. This association became clear over the summer when Glenburn town planning council considered a greenhouse that would grow medical marijuana, an operation that municipalities cannot deny under state law. .

Rather than opting for recreational selling, several communities have passed ordinances prohibiting the development of retail marijuana stores, including Bradford, Corinne, Corinth, Dixmont, Glenburn and Millinocket.

Many of these bans came in the years after the drug was legalized by voters in Maine for recreational purposes, including the consumption of Carmel. prohibition The city’s ban came into effect in 2017 after Penobscot County Sheriff Troy Morton recommended it to the city’s board of directors in December 2016, saying there would be “Unforeseen circumstances” arising from legalization of marijuana, according to city minutes.

While the referendum to legalize marijuana narrowly passed in Maine in 2016, it was without the help of Penobscot County: 54% of the county’s residents voted no. Only Bangor, Lakeville, Maxfield, Old Town, Orono and Webster Plantation favored the measure.

Dover-Foxcroft, in neighboring Piscataquis County, also voted no in the referendum.

Five years later, the question of bringing hobby shops to the city will be posed to voters in November, said Stephen Grammont, a member of the board of directors. The issue was raised as a city committee was considering reworking its zoning and land use ordinances, he said.

“The measure on the ballot is to see if people really want the activity,†Grammont said.

Although the referendum is not officially binding, the city’s board will be “obliged” to follow its findings, Grammont said.

Dover-Foxcroft is the largest city in Maine’s most conservative county. Still, he said, it was not clear what residents thought about marijuana.

“What’s strange about Maine is that it’s conservative but also libertarian,†said Grammont, who noted that a wide range of political movements had flourished in Maine, from temperance movement gun rights.

For many communities, it took a retail store proposal to persuade them to join. Medway, which legalized hobby shops by municipal vote in March 2020, owns one recreational marijuana store and is bound to have another if residents vote to allow medical care. stores later this month, City Clerk Katherine Lee said.

More cities could register over time if they receive similar requests, provided those requests are “economically feasible,” she said.

As Maine’s marijuana industry looks to grow, getting more cities to join is critical, said Joel Pepin, president of the Maine Cannabis Industry Association. Although he noted that Brewer had recently taken the necessary steps to enroll, the movement had been quite slow statewide, he said.

Fear of the unknown is a big reason, Pepin said. Also, he said, some municipalities might not see much for them. Retail store sales and excise taxes go entirely to the state rather than to the communities in which they are located.

While he wants to see more towns, cities and plantations registering, he was optimistic about how the recreational industry had developed since sales began in October. He noted that prices, once a problem for the new industry, have come down.

“It takes time for the stigma to change, and it takes time for operators to get into and participate in the market,†Pepin said. “But I mean, the market has been going for a year now and it seems to have made huge strides already.”

Stacyville approved its current marijuana policies at city meetings in March and August 2019.

Selected board member Alvin Thériault said there was no opposition. Residents were drawn to the economic outlook: A large-scale producer had considered doing business in Stacyville, but then decided not to do so due to state regulations, Thériault said.

“We have no industry here. We have nothing, â€said Thériault. “So why not?”

One store has since opened in Stacyville – The Green Moose Smoke Shop – although it only sells products to people enrolled in Maine’s medical marijuana program.

Thériault, who used to encounter marijuana when it was illegal during her decades as a game warden, said people would smoke marijuana whether communities allow it to be sold or not.

“It’s over there,†Thériault said. “You might as well collect taxes on that.”

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