Cannabis News
Beer, Scratch Ticket, Weed – Gas Station Cannabis is Coming to Florida and then the World
Published
1 year agoon
By
admin
Green Thumb Industries’ CEO expressed confidence in an interview that regulators in Florida will ultimately approve the company’s groundbreaking deal to establish medical cannabis dispensaries alongside Circle K gas stations throughout the state.
The partnership between the multistate operator and Circle K would allow medical marijuana patients to purchase snacks and fuel up at Circle K convenience stores while also having access to cannabis products at adjacent Rise dispensaries.
Since its announcement in October, the agreement has garnered national attention and regulatory scrutiny. However, Florida’s health department, responsible for overseeing medical cannabis, has yet to approve, a stance that remains unchanged after more than eight months.
In April, the deal faced litigation, raising doubts about its feasibility. In response, Green Thumb Industries clarified that opening Rise Express stores, including those adjacent to gas stations, is contingent upon regulatory approval, as is the case with all their dispensaries in Florida.
Despite these challenges, CEO Ben Kovler remains determined to see the plans through, stating, “We’re trying to get it over the line.” Neither Florida regulators nor Green Thumb Industries have provided further details or updates regarding the ongoing litigation or the deal’s progress.
Green Thumb Industries operates ten Rise dispensaries in Florida, as indicated on their website. The company had initially planned to start a phased rollout of approximately ten additional stores across the state, adhering to Florida’s regulations that require dispensary operators to seek variance requests from regulators, as explained by legal experts familiar with the state’s laws.
Florida’s Current Stance on Medical Cannabis
Florida’s policy toward medical marijuana has significantly evolved in recent years. The Florida Medical Marijuana Legalization Initiative, commonly known as Amendment 2, was enacted in 2016 and made it legal for persons with qualifying medical conditions to consume medical cannabis. With a surge in registered patients and permitted dispensaries since then, Florida’s medicinal cannabis business has experienced phenomenal growth.
Florida has established a strict regulatory structure to ensure the security and integrity of the medical cannabis program. This regulatory structure includes strict license specifications, exacting testing guidelines, and thorough tracking systems that monitor the growth, distribution, and sale of medicinal cannabis products. Florida has supported the medicinal marijuana sector, but approving new partnerships and agreements is still difficult and time-consuming.
Due to Florida’s present policy on medical cannabis and its established regulatory framework, the CEO of Green Thumb is upbeat about the Circle K medical cannabis agreement. The growing patient base and state-wide acceptance of medical marijuana as a legitimate treatment choice support the CEO’s upbeat outlook. However, it is imperative to recognize that other parties, including state regulators, licensing agencies, and local communities, are involved in the approval process for such transactions. These organizations are crucial in determining the potential effects of new partnerships and assuring adherence to all applicable laws and regulations.
Potential Benefits of the Deal for Florida’s Economy
The potential agreement between Circle K and Green Thumb in the medical cannabis industry holds great promise for delivering substantial economic benefits to Florida. With the continuous expansion of the medical cannabis market, this partnership can drive job creation and foster robust economic growth throughout the region.
The construction of new dispensaries and cultivation facilities due to this agreement would first and foremost require qualified personnel to manage and administer these activities. As a result, numerous employment possibilities would be generated in various industries, including agriculture, retail, distribution, and administration. These employment opportunities would give people a steady income and drastically lower the area’s unemployment rates.
Moreover, this collaboration has the potential to significantly enhance Florida’s tax revenue. Other states that have legalized medical cannabis have witnessed the industry’s lucrative nature in generating tax income. With the anticipated expansion of dispensaries and the sale of medical cannabis products, the state can expect a considerable boost in tax revenues that can be allocated towards improving public services, developing essential infrastructure, and supporting vital social initiatives.
Furthermore, the positive impact of this deal extends to other businesses operating within the state. The presence of a well-respected brand like Circle K in the medical cannabis market is bound to attract additional investments and stimulate the growth of associated industries. This ripple effect would encompass various service providers specializing in packaging, security, transportation, and marketing. Ultimately, this network of interconnected businesses would contribute to Florida’s economic ecosystem’s overall strength and dynamism.
Regulatory Challenges and Approval Process
Gaining approval for a medical cannabis deal in Florida presents significant challenges for Green Thumb and Circle K due to the complex regulatory landscape. Florida has strict regulations governing the production, distribution, and sale of medical cannabis. These regulations encompass licensing requirements, product testing protocols, and compliance with security measures. The approval process involves thorough background checks, financial audits, and evaluation of business plans to ensure compliance with state laws and protect patient and consumer interests.
Regulatory authorities closely scrutinize every aspect of the proposed deal to prevent potential abuse, diversion, and illegal use of medical cannabis. They evaluate the operations, security measures, and track-and-trace systems of companies involved in the industry. Green Thumb and Circle K must engage in extensive dialogue with regulatory agencies, submitting comprehensive documentation, undergoing inspections, and addressing any concerns raised during the approval process. The timeline for approval can vary, with some deals experiencing delays and additional information requests.
Despite these challenges, Green Thumb CEO remains optimistic about approving the Circle K medical cannabis deal in Florida. The company’s track record, commitment to compliance, and the potential economic benefits it can bring to the state may influence regulatory decision-making. Green Thumb and Circle K aim to navigate the regulatory hurdles by diligently working through the requirements, demonstrating their commitment to responsible operations, and contributing to improved access to medical cannabis for patients while supporting the industry’s growth in Florida.
Bottom Line
Green Thumb Industries’ CEO remains confident that regulators in Florida will ultimately approve the groundbreaking deal with Circle K to establish medical cannabis dispensaries across the state. This partnership holds the potential to benefit Florida’s economy through job creation, tax revenue generation, and the stimulation of associated industries. However, navigating the complex regulatory landscape and gaining approval poses significant challenges. Green Thumb and Circle K must demonstrate compliance and address concerns raised by regulatory authorities. Despite these obstacles, the CEO’s optimism is fueled by the company’s track record and the potential economic benefits the deal can bring. Through perseverance and commitment to meeting regulatory requirements, they aim to secure approval and contribute to improved access to medical cannabis for patients while supporting the industry’s growth in Florida.
GAS STATIONS SELLING CANNABIS IN CANADA,TOO? READ ON…
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Published
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November 14, 2024By
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In a recent interview, former New Jersey Governor Chris Christie made headlines by asserting that President-elect Donald Trump will pursue significant reforms in federal policies regarding marijuana and cryptocurrency. As the nation grapples with evolving attitudes toward cannabis and the burgeoning digital currency market, Christie’s predictions have ignited discussions about the potential implications of such changes on both industries. This article delves into Christie’s insights, the current state of marijuana and cryptocurrency regulations, and the broader implications of these anticipated reforms.
The Current Landscape of Marijuana Legislation
Federal vs. State Laws
Marijuana remains classified as a Schedule I substance under the Controlled Substances Act (CSA), which places it in the same category as heroin and LSD. This classification has created a complex legal landscape where states have moved to legalize cannabis for medical and recreational use, while federal law continues to impose strict prohibitions. As of now, over 30 states have legalized marijuana in some form, leading to a burgeoning industry that generates billions in revenue.
Challenges Faced by the Cannabis Industry
Despite its legality in many states, the cannabis industry faces significant hurdles due to federal restrictions. These challenges include:
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Banking Access: Many banks are hesitant to work with cannabis businesses due to fear of federal repercussions, forcing these businesses to operate largely in cash.
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Taxation Issues: The IRS enforces Section 280E of the tax code, which prohibits businesses engaged in illegal activities from deducting normal business expenses, leading to disproportionately high tax burdens for cannabis companies.
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Interstate Commerce: The lack of federal legalization prevents cannabis businesses from operating across state lines, limiting their growth potential.
Chris Christie’s Perspective on Marijuana Reform
Christie, a former presidential candidate known for his tough stance on drugs during his tenure as governor, has evolved his views on marijuana over the years. In his recent statements, he emphasized that Trump is likely to pursue descheduling cannabis, which would remove it from the Schedule I classification. This move would not only provide clarity for businesses operating in legal markets but also open avenues for banking and investment.
Christie highlighted that descheduling would allow for a more regulated market where safety standards could be established, thus protecting consumers. He believes that this approach aligns with a growing consensus among Americans who support legalization and recognize the potential benefits of cannabis use for both medical and recreational purposes.
The Future of Cryptocurrency Regulation = The Rise of Cryptocurrencies
Cryptocurrencies have surged in popularity over the past decade, with Bitcoin leading the charge as the first decentralized digital currency. The market has expanded to include thousands of alternative coins (altcoins), each with unique features and use cases. As cryptocurrencies gain traction among investors and consumers alike, regulatory scrutiny has intensified.
Current Regulatory Challenges
The cryptocurrency market faces several regulatory challenges that hinder its growth and adoption:
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Lack of Clarity: Regulatory frameworks vary significantly across states and countries, creating confusion for investors and businesses.
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Fraud and Scams: The rapid growth of cryptocurrencies has led to an increase in fraudulent schemes targeting unsuspecting investors.
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Consumer Protection: Without clear regulations, consumers are often left vulnerable to risks associated with volatile markets.
Christie’s Vision for Crypto Regulation
Christie believes that under Trump’s leadership, there will be an effort to find a “sweet spot” for cryptocurrency regulation balancing innovation with consumer protection. He argues that overly stringent regulations could stifle growth in this emerging sector while too little oversight could expose consumers to significant risks.
In his view, a balanced regulatory framework would include:
1. Clear Definitions: Establishing clear definitions for different types of cryptocurrencies and tokens to differentiate between securities and utility tokens.
2. Consumer Protections: Implementing measures to protect investors from fraud while promoting transparency within the market.
3. Encouraging Innovation: Creating an environment conducive to innovation by allowing startups to thrive without excessive regulatory burdens.
Christie’s insights reflect a growing recognition among policymakers that cryptocurrencies are here to stay and that appropriate regulations are necessary to foster growth while safeguarding consumers.
Implications of Proposed Reforms
Economic Impact
The potential reforms proposed by Christie could have far-reaching economic implications:
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Job Creation: Legalizing marijuana at the federal level could lead to significant job creation within the cannabis industry—from cultivation and production to retail sales.
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Investment Opportunities: Descheduling cannabis would open up investment opportunities for institutional investors who have been hesitant due to federal restrictions.
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Boosting Local Economies: Legal cannabis markets have proven beneficial for local economies through increased tax revenues and job creation.
Similarly, clear regulations around cryptocurrencies could stimulate investment in blockchain technology and related industries, fostering innovation and economic growth.
Social Justice Considerations
Both marijuana legalization and sensible cryptocurrency regulations have social justice implications:
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Addressing Past Injustices: Legalizing marijuana could help rectify past injustices related to drug enforcement policies that disproportionately affected marginalized communities.
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Financial Inclusion: Cryptocurrencies offer opportunities for financial inclusion for those underserved by traditional banking systems, particularly in low-income communities.
Political Landscape
The political landscape surrounding these issues is complex. While there is bipartisan support for marijuana reform among certain lawmakers, challenges remain in overcoming entrenched opposition. Similarly, cryptocurrency regulation has garnered attention from both sides of the aisle but requires collaboration to establish effective frameworks.
Conclusion
Chris Christie’s predictions about President-elect Donald Trump’s approach to federal marijuana descheduling and cryptocurrency regulation suggest a potential shift in U.S. policy that could significantly reshape both industries. As public opinion evolves on these issues, lawmakers have an opportunity to enact meaningful reforms that promote economic growth while ensuring consumer protection. The anticipated changes could foster a more robust cannabis industry that contributes positively to the economy and addresses social justice concerns, while clear regulatory frameworks for cryptocurrencies could encourage innovation and protect consumers in the digital economy. Stakeholders in both sectors are closely watching these developments, eager to see how potential reforms might impact their futures. While the realization of Christie’s predictions remains uncertain, it’s clear that the conversation around marijuana and cryptocurrency regulation is ongoing and far from settled.
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Cannabis News
Webinar Replay: Post-Election Cannabis Wrap – Smoke ’em if You’ve Got ’em
Published
1 day agoon
November 13, 2024By
admin
On Thursday, November 7th, Vince Sliwoski, Aaron Pelley and Fred Rocafort held a post election discussion “Post-Election Cannabis Wrap – Smoke ’em if You’ve Got ’em”. Watch the replay!
Key Takeaways from the “Smoke ’em if You’ve Got ’em – 2024 Post Election Cannabis Wrap” Webinar:
- Panelists:
- Vince Sliwoski: Oregon Business lawyer specializing in cannabis and commercial real estate.
- Aaron Pelley: Experienced in cannabis law since Washington’s legalization in 2012.
- Fred Rocafort: Trademark attorney working closely with the cannabis team.
- Election Results Overview:
- Most 2024 cannabis ballot measures did not pass.
- Florida, South Dakota, and North Dakota saw failures.
- Nebraska became the 39th state to legalize cannabis for medical use when it passed two cannabis initiatives, Initiatives 437 and 438.
- Federal and State-Level Developments:
- Medical use is currently legal in 38 states, and 24 states allow recreational use.
- Republican support for marijuana legalization is growing.
- Federal Policy Implications:
- Schedule III Rescheduling: The process to move cannabis to Schedule III is ongoing, which could significantly impact the industry.
- Importance of Federal Appointments: The future of cannabis policy depends heavily on who is appointed to key positions in the administration.
- International and Domestic Trade:
- Schedule III status could ease import/export restrictions on cannabis.
- Unified control of House, Senate, and presidency might expedite legislative progress.
- Economic and Industry Impact:
- Cannabis stocks experienced volatility post-election, reflecting investor uncertainty.
- Federal legalization and banking reforms are crucial for industry stability and growth.
- Future Outlook:
- The potential for federal rescheduling remains strong, with hearings scheduled for early 2025.
- State-level initiatives and regulatory developments will continue to shape the industry.
“How Long Does One Puff of Weed Stay in Your System?”… This topic can be difficult to answer since it is dependent on elements such as the size of the hit and what constitutes a “one hit.” If you take a large bong pull then cough, it might linger in your system for 5-7 days. A moderate dose from a joint can last 3-5 days, whereas a few hits from a vaporizer may last 1-3 days.
The length of time that marijuana stays in the body varies based on a number of factors, including metabolism, THC levels, frequency of use, and hydration.
Delta-9-tetrahydrocannabinol, or THC, is the primary psychoactive component of cannabis. THC and its metabolites, which remain in your body long after the effects have subsided, are detected by drug tests.
Since these metabolites are fat-soluble, they cling to bodily fat molecules. They could thus take a while to fully pass through your system, particularly if your body fat percentage is higher.
THC is absorbed by tissues and organs (including the brain, heart, and fat) and converted by the liver into chemicals such as 11-hydroxy-THC and carboxy-THC. Cannabis is eliminated in feces at a rate of around 65%, while urine accounts for 20%. The leftover amount might be kept within the body.
THC deposited in bodily tissues ultimately re-enters the circulation and is processed by the liver. For frequent users, THC accumulates in fatty tissues quicker than it can be removed, thus it may be detectable in drug tests for days or weeks following consumption.
The detection time varies according to the amount and frequency of cannabis usage. Higher dosages and regular usage result in longer detection times.
The type of drug test also affects detection windows. Blood and saliva tests typically detect cannabis metabolites for shorter periods, while urine and hair samples can reveal use for weeks or even months. In some cases, hair tests have detected cannabis use over 90 days after consumption.
Detection Windows for Various Cannabis Drug Tests
Urine Tests
Among all drug tests, urine testing is the most commonly used method for screening for drug use in an individual.
Detection times vary, but a 2017 review suggests the following windows for cannabis in urine after last use:
– Single-use (e.g., one joint): up to 3 days
– Moderate use (around 4 times a week): 5–7 days
– Chronic use (daily): 10–15 days
– Chronic heavy use (multiple times daily): over 30 days
Blood Tests
Blood tests generally detect recent cannabis use, typically within 2–12 hours after consumption. However, in cases of heavy use, cannabis has been detected up to 30 days later. Chronic heavy use can extend the detection period in the bloodstream.
Saliva Tests
THC can enter saliva through secondhand cannabis smoke, but THC metabolites are only present if you’ve personally smoked or ingested cannabis.
Saliva testing has a short detection window and can sometimes identify cannabis use on the same day. A 2020 review found that THC was detectable in the saliva of frequent users for up to 72 hours after use, and it may remain in saliva longer than in blood following recent use.
In areas where cannabis is illegal, saliva testing is often used for roadside screenings.
Hair Tests
Hair follicle tests can detect cannabis use for up to 90 days. After use, cannabinoids reach the hair follicles through small blood vessels and from sebum and sweat surrounding the hair.
Hair grows at approximately 0.5 inches per month, so a 1.5-inch segment of hair close to the scalp can reveal cannabis use over the past three months.
Factors Affecting THC and Metabolite Retention
The length of time THC and its metabolites stay in your system depends on various factors. Some, like body mass index (BMI) and metabolic rate, relate to individual body processing, not the drug itself.
Other factors are specific to cannabis use, including:
– Dosage: How much you consume
– Frequency: How often you use cannabis
– Method of consumption: Smoking, dabbing, edibles, or sublingual
– THC potency: Higher potency can extend detection time
Higher doses and more frequent use generally extend THC retention. Cannabis consumed orally may remain in the system slightly longer than smoked cannabis, and stronger cannabis strains, higher in THC, may also stay detectable for a longer period.
How Quickly Do the Effects of Cannabis Set In?
When smoking cannabis, effects appear almost immediately, while ingested cannabis may take 1–3 hours to peak.
The psychoactive component THC produces a “high” with common effects such as:
– Altered senses, including perception of time
– Mood changes
– Difficulty with thinking and problem-solving
– Impaired memory
Other short-term effects can include:
– Anxiety and confusion
– Decreased coordination
– Dry mouth and eyes
– Nausea or lightheadedness
– Trouble focusing
– Increased appetite
– Rapid heart rate
– Restlessness and sleepiness
In rare cases, high doses may lead to hallucinations, delusions, or acute psychosis.
Regular cannabis use may have additional mental and physical effects. While research is ongoing, cannabis use may increase the risk of:
– Cognitive issues like memory loss
– Cardiovascular problems including heart disease and stroke
– Respiratory illnesses such as bronchitis or lung infections
– Mood disorders like depression and anxiety
Cannabis use during pregnancy can negatively impact fetal growth and development.
Duration of Effects
Short-term effects generally taper off within 1–3 hours, but for chronic users, some long-term effects may last days, weeks, or even months. Certain effects may even be permanent.
Bottom Line
The amount of time that cannabis remains in your system following a single use varies greatly depending on individual characteristics such as body fat, metabolism, frequency of use, and mode of intake. Frequent users may maintain traces of THC for weeks, whereas infrequent users may test positive for as little as a few days. Hair tests can disclose usage for up to 90 days, while blood and saliva tests identify more recent use. Urine tests are the most popular and have varying detection durations. The duration that THC and its metabolites are detectable will ultimately depend on a number of factors, including dose, strength, and individual body chemistry.
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