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Are Weed Drinks Actually Good Alcohol Replacements?

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This article by Lorena Cupcake was originally published on Weedmaps and appears here with permission.

Lorena Cupcake, voted “best budtender in Chicago,” has answered hundreds of questions from cannabis shoppers and patients during their time as a budtender. And now they’re turning that experience into a monthly advice column, Ask a budtender. Got a question for Cupcake? Submit your questions to askabudtender@weedmaps.com.

Dear Cupcake,

One of my New Year’s Resolutions is to cut back on alcohol, starting with Dry January. While I usually smoke a little more, I’m curious about all the new cannabis drinks I’ve seen on the market.

Are weed drinks actually good alcohol replacements?

— Treetotaler

Dear Treetotaler,

This is a hot topic in the cannabis industry right now, with endless brands vying for a slice of the money normally spent at bars and liquor stores. Cann, a line of lightly-infused bubbly drinks, even challenged its followers to participate in a “playfully forgiving 30-day break from booze” dubbed “Cannuary.”

According to Cann’s CEO and Co-Founder Jake Bullock, “We all know that alcohol is one of the worst things that we do to our bodies, and yet, we keep doing it because alcohol delivers a social buzz. By substituting [alcohol] with a microdose of cannabis, drinks like Cann actually deliver a feeling — it’s light, uplifting, and makes you want to laugh hard and be yourself with people you care about. Cann lets us give up the booze without sacrificing the buzz.”

Vince Ning, Founder and Co-CEO of California-based wholesale distributor NABIS, offered a more measured perspective to The Broccoli Report, “There is a ton of hype, especially from (and for) investors. It makes sense that beverages will pick up; I think they will. But there are a lot of challenges for this category,” he told Lauren Yoshiko. “For one, people don’t have experience with drinking cannabis. It’s a new physical habit that may have to be established over the course of a generation. Beyond that, the cannabis supply …

Full story available on Benzinga.com

Original Source: benzinga.com

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Congress Under Pressure: Colorado Officials Push for Cannabis Banking Reform

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With the end of Congress’ session just around the corner, marijuana advocates, stakeholders and lawmakers continue to push for marijuana banking policy change.

This time, Colorado Gov. Jared Polis (D) joined forces with Lt. Gov. Dianne Primavera (D), Attorney General Phil Weiser (D), Treasurer Dave Young (D) and Department of Public Safety (DPS) Executive Director Stan Hilkey in urging congressional leaders to revisit the issue, reported Marijuana Moment.

In a letter sent on Monday to both House and Senate leaders, Colorado officials focused on the impact which a bipartisan marijuana banking bill will have in terms of public safety and industry equity,

“The lack of safe banking and financial services for the cannabis industry in the State of Colorado has become a dire public safety issue for highly regulated cannabis businesses operating in compliance with state …

Full story available on Benzinga.com

Original Post: benzinga.com

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New Data Shows Weed Legalization a Boon for Real Estate, New Jobs and Tax Revenue

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A new report from the Federal Reserve Bank shed light on the economic impact marijuana legalization has had in recent years, reported Marijuana Moment. Policy changes on the state level have resulted in increased commercial real estate demand, as well as a surge in tax revenues while creating more jobs.

According to an analysis from the Kansas City arm of the Central Bank, which collected data from several states under its jurisdiction, the Tenth Federal Reserve District, the cannabis industry has become one of the main economic sectors positioned to grow substantially in the coming period.

“Overall, the marijuana industry has had a significant effect on the economies of Tenth District states in the initial years after legalization,” the report said. “The emergence of the industry has …

Full story available on Benzinga.com

Article: benzinga.com

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Will Missouri Legalize Cannabis? Amendment 3 Suffers Another Attack This Time by State NAACP

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Cannabis legalization efforts in Missouri are under attack once again, this time by The Missouri State Conference of the NAACP.

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The Missouri NAACP, breaking with chapters in the St. Louis area is urging its members to vote against Amendment 3 on the Nov. 8 ballot, reported the Saint Louis Post-Dispatch.

The group announced Thursday that it believes recreational marijuana legalization, as it is proposed under Amendment 3, would prevent minorities from entering the cannabis industry. 

“Marijuana possession should not be a constitutional crime. Additionally, for years now, Black people, other minorities, and people who have been criminalized by marijuana laws in the past have been unable to enter the medical marijuana market,” the Missouri NAACP wrote. “That is not right. In an effort to prevent the permanent exclusion of minorities from the cannabis industry in the state of Missouri, the NAACP calls upon every voter to reject the criminalization of marijuana possession, de facto racist regulation of the cannabis market, and the wool being pulled over our eyes by the supporters of Amendment 3.”

Under Amendment 3, the first “comprehensive” cannabis business licenses would be provided to existing medical marijuana companies. 

The state’s chapter highlighted that the amendment “does not increase the number of available full market licenses” and claims that giving “micro” business licenses to disadvantaged groups makes a “very limited” program. 

According to Nimrod “Rod” Chapel Jr., president of the Missouri NAACP, members agreed last week …

Full story available on Benzinga.com

Source: benzinga.com

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