U.S. Attorney General Jeff Sessions named Uttam Dhillon as the new acting head of the Drug Enforcement Agency (DEA). Dhillon takes over for Robert Patterson who served less than seven months after the departure of Chuck Rosenberg. Dhillon previously served as director of Department of Homeland Security’s Office of Counternarcotics Enforcement under President George W. Bush and worked for seven years against Central California organized crime syndicates as an Assistant U.S. Attorney.
Charlotte’s Web Reports 2017 Sales of $40 Million
Charlotte’s Web, maker of CBD-rich hemp developed by Colorado’s Stanley Brothers, filed first-time financial data recently as the company prepares to enter a reverse public Canadian stock split. The report revealed 2017 sales exceeding $40 million, up 172 percent from 2016. Sales between $65 and $80 million are expected in 2018.
Charlotte’s Web, which boasts 170 full-time employees in Colorado, Kentucky, and Oregon, estimates its share of the CBD oil market at 14 percent of a roughly $287 million industry according to last year’s data.
Vote Hemp, Willies Nelson, and Others Form American Hemp Campaign
Willie Nelson’s GCH and Fort Collins-based brewery New Belgium (which also brews Fat Tire) have partnered with long-time advocacy group Vote Hemp to form the “American Hemp Campaign”which seeks to educate lawmakers and “opinion leaders” on the positive impact of fully-legalized hemp and CBD oil. Vote Hemp founder Eric Streenstra said that Congressional appreciation for hemp’s farmer and consumer benefits are beginning to gain traction.
When asked about his company’s involvement in the campaign, New Belgium CEO Steve Fechheimer said he never realized the red-tape involved with hemp ingredients until his company created a new “Hemperor HPA” craft beverage last year.
All 26 licenses owned by Denver Colorado’sSweet Leaf marijuana company were revoked recently following a year-long investigation allegedly showing that some of the company’s stores engaged in “looping,” or selling consumers more cannabis than allowed by state law per day, more than several times in one day. Denver marijuana czar Ashley Kilroy said, “Sweet Leaf’s illegal actions undermine the entire regulatory framework created by Amendment 64, the General Assembly and Denver City Council,” adding that the state’s decision to revoke the licenses “supports the will of the voters for a regulated legal marijuana market, safeguards the legal marijuana industry, and protects the safety and welfare of the public.”
Less than a week after passage of a robust medical marijuana bill in Oklahoma, cannabis activists are pushing to meet an August 1 deadline to place recreational marijuana on the November ballot. Backers of State Question 797 say they collected 64,637 signatures out of the 125,000 required by state law.
Also in Oklahoma, another group, Green The Vote, said they collected almost 59,000 signatures in hopes of placing State Question 796 on the November ballot. The question asks residents to designate cannabis as an herbal drug regulated by the Cannabis Commission. As for the implementation language for the recently-passed medical marijuana, it will be written by the Oklahoma Health Department, and not a special Legislative session.
California’s Supreme Court is set to receive proposed changes to the Rules of Professional Conduct which are intended as a clarification for private attorneys who advise marijuana clients. San Diego attorney Jessica McElfresh was accused of crossing over into criminal felony activity in her interaction with a cannabis dispensary client. The proposed language to “explicitly protect” cannabis attorneys in California, is similar to language written into law to protect cannabis lawyers practicing in other states as well.
Puff, Puff, Pass
The Congressional Research Services issued a comprehensive review of hemp in the United States called Hemp as An Agriculture Commodity… Next up for marijuana decriminalization: The Caribbean… Maryland approves another seven dispensaries.
One Last Hit
And finally, watch below, the story of a Georgia couple whose child was taken away from them because they gave him marijuana to stop his seizures. The parents were recently reunited with the child.