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By in From The CEO Comments Off on Reading into Coca-Cola’s recently publicized interest in the cannabis market

Reading into Coca-Cola’s recently publicized interest in the cannabis market

 

 

*This Op-Ed written by Christopher Coggan was first published by San Diego Daily Transcript on Oct. 22nd

 

It was recently reported that Coca-Cola was eyeing the cannabis market. As one might expect, cannabis stocks saw a meaningful spike in value with the news of yet another giant international beverage company considering the move into cannabis. Unlike Constellation Brands before them, makers of the popular Corona beer who have recently invested billions in Canopy Growth, Coca-Cola’s inquiries seem more conservative and focused. Coca-Cola’s interest lies in the non-psychoactive Cannabinoid CBD (Cannabidiol), one of the over 100 active cannabinoids naturally occurring in cannabis. Studies show that this phyto-cannabinoid, CBD, is a powerful promoter of the body’s own endocannabinoid system comprised of a network of receptors that regulate an individual’s anti- inflammatory response.
In other words, these recent headlines, although exciting, are not telling the entire story (quite the contrary, they are supplementing the truth with media hype). The type of cannabis strain most commonly associated with CBD is not cannabis (aka marijuana), but rather industrial hemp. Although both hemp and cannabis share the Latin name of Cannabis Sativa, these two plant variations are treated as separate and distinct, that distinction primarily determined by the potency of psychoactive THC. If a cannabis sativa plant contains less than 0.3% THC, the plant is
considered industrial hemp. This is important because industrial hemp faces a varied and somewhat murky regulatory environment compared to the regulated state cannabis markets. The Drug Enforcement Administration (DEA) for example, the CBD that is derived from it a schedule I narcotic, much like THC. The California Department of Public Health has recently come out to
support that position, even though the unregulated hemp CBD market in California might even exceed $1 billion annually. The hemp round table, a consortium of hemp farmers and manufacturers, believes that hemp and it’s bi-products are protected by the 2014 Farm Bill. They also have the opinion that CBD is an unscheduled cannabinoid and should be treated like a nutritional supplement. Then of course, you have a handful of pharmaceutical manufacturers that are in various stages of the patent and trial process on CBD-based drugs. To muddy the waters further, the U.S. government owns a patent on CBD.

Clearly, Coca-Cola courting anything connected with marijuana is an incredibly telling sign of the times. Yet, even though their conversations with Canada-based Aurora Cannabis (ACBFF) seem indicative of the headlines born from these negotiations, their comments suggest that their focus is more on the potential of hemp-derived CBD beverages. And there is good reason for this. As a publicly-traded company on the New York Stock Exchange, Coca-Cola is regulated by the Securities and Exchange Commission (SEC) and is also governed by a host of other expectations dictated by the federal government. Consequently, their ability to engage cannabis directly in the U.S. is severely limited. Coca-Cola’s calculated engagement means a lot more than the headlines suggest, especially as it relates to the hemp CBD marketplace. The fact that one of the largest beverage companies on the planet is considering moving in this direction suggests a base line shift in the

perception of existing federal law and perhaps more importantly, a harbinger of anticipated changes in federal policy. The Senate’s version of the 2018 Farm Bill includes an amendment that would legalize hemp production, resulting in a clear divide between hemp and its psychoactive counterpart, cannabis. Coca-Cola’s interest
currently is no coincidence; new federal policy appears to be a forgone conclusion.

 

This Op-Ed was first published by San Diego Daily Transcript on Oct. 22nd

 

Author:

Christopher Coggan
Founder/CEO Therapy Tonics & Provisions, Inc
Chairperson, CCIA Manufacturing Committee

 

 

By in California MMJ Law, News Comments Off on Gov. Jerry Brown Signs Bill to Erase Past Cannabis Convictions

Gov. Jerry Brown Signs Bill to Erase Past Cannabis Convictions

Culture Magainze | 

On Sept. 30, Gov. Jerry Brown signed Assembly Bill 1793, which will wipe out or reduce past cannabis convictions for potentially hundreds of thousands of Californians.

Effective Oct. 1, the Department of Justice will be required to review criminal records by July 1, 2019 and recall, dismiss, seal or redesignate cannabis-related convictions that are eligible for expungement or reduction.

Misdemeanors for transporting up to an ounce of cannabis and growing six plants at home can be expunged. Felony charges such as transporting or selling over an ounce of cannabis can be reduced to a misdemeanor.

“AB-1793 will bring people closer to realizing their existing rights by creating a simpler pathway for Californians to turn the page and make a fresh start,” said Assemblyman Rob Bonta. “Long after paying their debt to society, people shouldn’t continue to face the collateral consequences, like being denied a job or housing, because they have an outdated conviction on their records.”

An estimated half-million California residents with cannabis-related convictions between 2006 and 2015 are eligible for reduced or expunged criminal records. According to the Drug Policy Alliance, only about 5,000 people petitioned to have their records cleared or reduced.

Several other cannabis-related bills were addressed, including the approval of Senate Bill 1294, granting funding to boost minority-owned businesses. Gov. Brown vetoed Senate Bill 1127, which would have granted students access to medical cannabis. He also vetoed Assembly Bill 1996, which would have allowed cannabis to be grown at the University of California for research, and Senate Bill 829 which would have exempted medical cannabis donations from cultivation taxes. Gov. Brown indicated that he plans on reintroducing SB 1127 to provide a way for students to have access to medical cannabis.

California joins Delaware, Massachusetts, Maryland, Oregon, and Rhode Island, all of which have enacted similar laws.  The new law gained the support of Los Angeles Mayor Eric Garcetti, the Los Angeles County Board of Supervisors and the Los Angeles County district attorney’s office.

Full Article

By in Uncategorized Comments Off on Therapy Tonics & Provisions in Compliance with California’s Cannabis Testing Regulations Ahead of July 1 Deadline

Therapy Tonics & Provisions in Compliance with California’s Cannabis Testing Regulations Ahead of July 1 Deadline

June 29, 2018

Therapy Tonics & Provisions products are in compliance with California’s new stringent cannabis testing regulations, including new labeling and packaging standards, which are set to go into effect on July 1.

The date was established as the transition period deadline for which all cannabis products sold in California must meet new guidelines to provide adult consumers ages 21-and-older with information such as ingredients and batch numbers among other things.

A leading producer of drinks and tinctures, Therapy Tonics & Provisions offers cannabis products for a variety of discerning taste buds. Compliant beverages include its vanilla caramel cannabis coffee, Indian spiced chai cannabis latte, coconut matcha cannabis tea, cayenne Mexican mocha cannabis milk, semi-sweet cannabis espresso and chamomile mint cannabis luna tea.

With its compliance program firmly in place, Therapy Tonics & Provisions is ready to meet the needs of licensed dispensaries throughout San Diego County and around the Golden State.

“In my capacity as chair for the CCIA’s (California Cannabis Industry Association) manufacturing committee, I am acutely aware of challenges that all cannabis businesses have had to overcome just to meet the state’s emergency regulatory expectations that were released late last year,” said Coggan. “These emergency regulations continue to evolve and change almost weekly. We are anxious to see the adoption of permanent regulations, the first draft of which should be available for public comment in mid-July. Once permanent regulations are in place, the California cannabis industry will be in a better position to more aggressively seek practical regulation and statutory reassessment as a means to normalize our multi-billion-dollar industry and suppress the illicit market.”

That giant step officially begins on Sunday, July 1.

By in California MMJ Law, News Comments Off on Recreational marijuana is now for sale in California — here’s what you need to know

Recreational marijuana is now for sale in California — here’s what you need to know

Business Insider |  | Jan 1, 2018

By in California MMJ Law, News Comments Off on Medicinal and Adult Use Cannabis Regulation and Safety Act Regulations Overview

Medicinal and Adult Use Cannabis Regulation and Safety Act Regulations Overview

All BureAu licenses „ Temporary license – Allows for Operations while Annual license Application is Pending

• A temporary license allows a business to engage in commercial cannabis activity for a period of 120 days.

• The Bureau can only issue a temporary license if the applicant has a valid license, permit, or other authorization issued by the local jurisdiction in which the applicant is operating. „ Annual licenses

• All commercial cannabis activity shall be conducted between licensees.

• There is no specific number limit to the licenses that may be held by an applicant. There is no restriction on the types of cannabis licenses a person can hold, except a person who holds a testing laboratory license is prohibited from licensure for any other commercial activity.

• An annual license issued by the Bureau is valid for 12 months from the date of issuance and may be renewed annually. „ local compliance Verification

• If the applicant provides a local license, permit, or other authorization, the Bureau will contact the local jurisdiction to verify the information and will allow at least 10 days for the jurisdiction to respond before issuing the license, unless a response is received from the local jurisdiction sooner.

• If an applicant for an annual license does not provide a local license, permit, or other authorization, the Bureau will contact the local jurisdiction to verify that issuing the license would not violate a local ordinance or regulation. After 60 days, if there is no acknowledgement by the local jurisdiction, the Bureau shall presume the applicant is in compliance and may issue a license.

 

Read Full Overview http://www.bcc.ca.gov

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