In the days of the Armada, a fleet of warships, the scuttlebutt was the rumor or gossip that would spread throughout the ship. Today, Armada Law Corp presents The Scuttlebutt, a daily summery of news articles that people within the cannabis, hemp and plant medicine industries are chatting about along with links to the full articles.
In today’s news:
#californiacannabis – “The Mendocino County Board of Supervisors will hold a public hearing this Tuesday regarding a proposed zoning change that would prohibit commercial cannabis cultivation on over 440 acres of land zoned for agriculture in Redwood Valley. Most of the 207 properties in question are currently zoned Rural Residential, where growing is already prohibited on lots of five acres or less, but staff documents indicate the proposed zoning change is an effort to “future-proof” against expanded cultivation in the area.”
https://mendovoice.com/2023/07/public-hearing-on-redwood-valley-cannabis-prohibition-zone-set-for-tuesday-supervisors-meeting/
#cannabislawsuit – “The complaint filed Thursday in state court appears to be the latest legal maneuver between Parallel and Innovative Industrial Properties Inc., which was known as a landlord for many multistate cannabis operators. The two are fighting in state court over a 20-year sale-and-leaseback agreement that was estimated to be worth $68 million when initially penned.
Both companies are also facing separate investor-led lawsuits in federal court related to their soured ventures.”
Wrigley Heir-Backed Pot Co. Seeks To Void Landlord’s $6M Bill: https://www.law360.com/articles/1702534?utm_source=android&utm_medium=android&utm_campaign=android-shared
#psychedelics – “After receiving a 25-mg dose of synthetic psilocybin given with therapist-delivered psychological support, none of the 10 participants experienced any significant changes in vital signs, ECGs, or suicidality during the week after dosing, reported Stephanie Knatz Peck, PhD, of the University of California San Diego, and colleagues….
As for changes in psychopathology — the secondary outcome of the early-stage trial — concerns about weight significantly decreased from baseline to 1 month after psilocybin treatment. This improvement was also maintained up to 3 months after dosing. Likewise, shape concerns significantly dropped within the month after treatment, but this change was no longer significant at the 3-month mark.”
https://www.medpagetoday.com/psychiatry/eatingdisorders/105608
#cannabispolitics – “The senators aren’t in favor of cannabis legalization, but they did also—apparently inadvertently—make the case for that reform.
“While the primary threat from Mexican TCOs come from trafficking in illicit drugs, these organizations have diversified their activities in response to changing conditions,” they said. “As it has become easier to sell marijuana products in the U.S., Mexican TCOs have prioritized trafficking fentanyl and other synthetic drugs that are cheaper to manufacture, easier to transport, and generate more profit.”
In other words, the GOP senators are acknowledging that as Americans in more states have the opportunity to buy legal cannabis from licensed retailers, the market share for unregulated marijuana trafficked by cartels is shrinking—and as a result they are having to scramble to sell other substances to make up their losses.”
https://www.marijuanamoment.net/republican-senators-admit-marijuana-legalization-disrupts-cartels-as-they-urge-fda-to-reconsider-menthol-cigarette-ban/
#cannabislawsuit – “A blockchain-focused investment fund wants to pull $2 million out of a bank account frozen by federal securities regulators as part of their action against a Las Vegas-based marijuana company, telling a California federal judge that the money has “no connection whatsoever” to an alleged Ponzi scheme.
The crypto assets fund urged U.S. District Judge John W. Holcomb to allow it to jump into litigation the U.S. Securities and Exchange Commission has lodged against Integrated National Resources Inc., which does business as WeedGenics, saying that it appears to be the only way it can claw its money out of the “overly broad asset freeze.”
The fund has already asked the government to release the money through “informal” means and now seeks the court’s permission to intervene so that it can submit a formal motion, according to a Monday filing by CVP-USA Investment Holdings LLC, a Wyoming-based company that collects investment for a Cayman Islands exempted limited partnership known as CVP No Limit Fund I LP.”
Crypto Fund Wants $2M Freed From SEC’s Pot Ponzi Suit: https://www.law360.com/articles/1703338?utm_source=android&utm_medium=android&utm_campaign=android-shared
