Cannabis Newsletter - December 20, 2019

In today’s Newsletter, how to implement “green” practices, Los Angeles licensing controversy, MLB changes mind on marijuana, and more.

  • Many cannabis companies are making false claims about their environmentally conscious practices. Check out this article, starting at page 140, for some ideas of how to implement truly green practices.

  • LA licensing takes another credibility hit as officials confirm that the system was open a minute early, and reveals 12 additional applicants gained early access.

  • New USDA estimates for 2020 suggest that one in five hemp lots will test hot and need to be destroyed.

  • MLB removes marijuana from banned substances list.

  • Cannabis companies and trade groups lobby Governor Newsom directly for intervention on the looming tax hike, but conflicting language in prop 64 may prevent swift action.

  • Banking for cannabis companies is “quietly” improving.

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