420 with CNW — An Overview of Cannabis Legislation Approved Last Week Across the US

The past week has been quite a busy time for cannabis reform. Lawmakers recently tabled a bill seeking to legalize cannabis at the federal level, while legislators from four states approved new marijuana legalization bills in various committees. In the wake of last year’s slew of cannabis reform victories at the state level, legislators have been keen on cannabis legalization, whether by leveraging the momentum of the state-level legislation or by getting ahead of campaigners to craft their own cannabis legislation rather than wait for policy change through the ballot.

In Hawaii, the Senate Committee responsible for Intergovernmental, Public Safety and Military Affairs gave the nod to two bills that would legalize cannabis and increase the allowed limit. Bill SB-767 aims to legalize marijuana for adults aged at least 21 years, as well as allow state-licensed businesses to grow, produce and sell cannabis products. Adults aged 21 and over would also be able to grow a maximum of three mature plants for their personal consumption. Bill SB 758 would increase the threshold one can possess from 5 grams of cannabis to 28.5 grams (one ounce).

Minnesota’s House Committee in charge of Commerce and Finance Policy approved a bill to legalize cannabis. Filed this month by Majority Leader of the House Ryan Winkler and joined by other legislators,  the bill seeks to allow adults who are at 21 years old to buy and possess a maximum of 1.5 ounces of marijuana as well as grow up to eight cannabis plants, including four mature ones.

In New Mexico, the House committee in charge of Health and Human Services passed a proposed measure to legalize cannabis through a 7–4 lawmaker vote. The measure plans to allow adults aged at least 21 to possess two ounces of marijuana and cultivate a maximum of six immature plants as well as six mature plants for their own personal consumption. It also seeks to create a mechanism to regulate and tax cannabis sales, with the tax revenue being used to reinvest in communities that were impacted the most by the drug war.

A North Dakota committee narrowly passed a Republican-sponsored measure that would legalize recreational marijuana use by adults. The Human Service House committee passed the bill, which plans to allow adults who are at least 21 years or more to have cannabis and buy up to an ounce for their personal use, through a close 7–6 narrow win. The bill is now expected to head to the Appropriations Committee before being considered on the floor.

Other states that saw drug reform action include California, where a number of lawmakers tabled a bill to legalize psychedelics possession; New Jersey, which passed a bill that would clear the way for implementing the state’s voter-supported cannabis legislation; Virginia, where both Houses of the legislature voted to legalize cannabis; Washington State, where a committee passed a bill to decriminalize personal use of small quantities of all currently illegal drugs; and Wisconsin, which published a budgetary proposal calling for the legalization of both therapeutic and recreational use of cannabis.

Business is thriving in states that already have legal cannabis markets. For example, Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) is licensed in Nevada and Oregon in addition to having distribution partnerships in California. These operations have seen the company recruit a total of at least 160 permanent employees to serve its growing client base.

NOTE TO INVESTORS: The latest news and updates relating to Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) are available in the company’s newsroom at https://cnw.fm/GLDFF

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Golden Leaf Holdings, Ltd. (OTCQB: GLDFF) (CSE: GLH) Subsidiary Receives First Genetics at Ontario Plant-Growing Facility

  • Company plans mid-2018 commencement of adult-use market sales in Canada as it addresses medical segment opportunity
  • The firm received its cultivation license during the fourth quarter of 2017, anticipates receiving its sales license by May
  • Phillip Millar, MMG president, said company’s portfolio includes genetic strain that holds the highest level of CBD in Canada, sees potential in medical segment and for European export

Golden Leaf Holdings, Ltd. (OTCQB: GLDFF) (CSE: GLH) recently announced that its subsidiary, Medical Marijuana Group (“MMG”), has received its first order of genetics at its St. Thomas, Ontario facility as it transitions from a production location to a functioning plant-growing unit (http://cnw.fm/rm1cJ). The move comes after MMG received its cultivation license in the fourth quarter of 2017.

The firm anticipates receiving its sales license by May, and it has already prepared applications for licenses for oil extraction and wholesale. The plants received at the St. Thomas location are expected to be ready for cultivation in three months, the company said, and it anticipates additional shipments in the future.

GLDFF is a Canadian company with operations in Oregon, Nevada and Canada, and it is one of the largest cannabis oil and solution providers in North America. GLDFF cultivates, extracts, manufactures and distributes its products through its own branded Chalice Farm retail dispensaries, as well as third-party dispensaries. Its advantages include a scalable and proprietary supply chain, low cost production of cannabis supply oils, high brand equity and a proven business model that’s exportable to other states.

“MMG Canada has bold expansion plans for 2018 as its prepares for the commencement of adult-use market sales in Canada in mid-2018, and to adequately address the ever-increasing medical segment opportunity,” William Simpson, CEO of the company, stated in a news release.

The company’s portfolio includes a genetic strain which holds the highest level of CBD in Canada. Phillip Millar, MMG president, added, “This genetic is extremely valuable in the medical market and also holds tremendous potential for European export. We are encouraged by the strong demand for our high-quality THC strains that we expect will provide a strong platform for dynamic growth across Canada.”

For more information, visit the company’s website at www.GoldenLeafHoldings.com

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