Cannabis in the News: Week of May 13
May 21, 2018 | Big Rock
The economics of commercial cannabis often have a significant barrier to entry, and a new license in California could help smaller cannabis startups by enabling them to co-work – something small-scale caterers and boutique bakers have been doing for years. These Type S licenses, according to Leafly, “are issued by the California Department of Public Health, and allow small cannabis businesses to operate in co-working spaces rather than requiring each business have its own secure premises. The arrangement can minimize costs on multiple fronts—from rent to equipment and operating expenses—which CDPH says is meant to provide an opportunity for craft manufacturers who may not otherwise have the investment capital to get up and running.” Be aware, though, that businesses in jurisdictions that don’t offer the associated permit, such as Los Angeles, cannot apply.
Colorado has just passed a bipartisan bill that starting in January, would now allow publicly traded companies to invest in, or hold, a medical or recreational marijuana license in the state, something local dispensary owners are very happy about. One such grower and dispensary owner is quoted in Marijuana Business Daily as saying, “This is going to open up investment in Colorado so our companies can grow and compete with the rest of the nation and take part in the rollout of the industry.”
According to Forbes, this week, state powers in Pennsylvania have awarded eight applicants, including the University of Pittsburgh School of Medicine, with the green light to learn more about cannabis and its ability to treat various conditions. No other state has opened up research in this way and it’s a huge win as more research is definitely needed around all aspects of cannabis. It’s something Pennsylvania Governor, Tom Wolfe, is hopeful will help the entire nation.
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