Cannabis is emerging from the shadows of prohibition. Every week, there are advancements in many fields related to cannabis. Cannabis Reports will be re-capping the weekly events of the cannabis community and industry, so that you can stay up-to-date on the latest developments.

NCIA Overview

The National Cannabis Industry Association hosted a very successful three-day event in Oakland this week, including a keynote speech by California’s Lieutenant Governor Gavin Newsom. He discussed the trends involving legitimacy and legalization for the cannabis industry, and warned that the battle for recreational cannabis in California is far from over.

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There were many informative sessions throughout the week, as well as an exhibition floor with nearly 150 vendors displaying everything from cultivation hardware to accounting software and many things in between. Cannabis Reports will be publishing a complete overview of the NCIA event soon.

Congress Shoots Down Three Cannabis Policy Bills

Marijuana.com has reported that Congress released the Department of Veterans Affairs spending bill that did not include protections for veterans seeking cannabis options through the VA hospital system.

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Additionally, Congress blocked a bill that would have provided a layer of protection for financial institutions taking business payments from the cannabis industry.

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Finally, Congress blocked a measure Tuesday that would have allowed Washington D.C. to implement a regulated cannabis market. Despite cannabis being recreationally legal in our nation’s capital, Congress has refused any advancements in a structured industry.

Colorado Report Shows Teen Use Has Not Increased

The Colorado Department of Public Health and Environment released a report on Monday that shows child and teen use of cannabis has not increased over the four years since recreational cannabis became available in Colorado.

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Class Action Lawsuit Against Michigan Laboratories and Regulators

A civil rights lawsuit has been filed against the Prosecuting Attorneys Association of Michigan and a number of other law enforcement groups that claims state laboratories were altering tests and filing faulty results that would indicate synthetic THC was present in seized cannabis products. Synthetic THC raises the criminal punishment to a felony.

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Cannabis Businessman Denied Life Insurance

Derek Peterson is the CEO of Terra Tech Corp, one of the nation’s most established cultivation operations. Terra Tech is affiliated with several brands, including Blüm in Oakland, and is also one of the pioneer companies to offer stock options.

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Mr. Peterson runs a successful and compliant business, so he was certainly surprised when Mutual of Omaha denied him a life insurance policy. While it is not clear why Mutual of Omaha did not grant the policy, a poorly-edited letter was received by Mr. Peterson that suggests the insurance company feared reprisal from an unnamed government agency.

Derrick Morgan Second NFL Player to Publicly Support Medical Cannabis

Derrick Morgan, linebacker for the Tennessee Titans, has become the second active NFL player to openly support medical cannabis research. Eugene Monroe, formerly of the Baltimore Ravens, was released last week by the organization.

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Many people criticized the Ravens’ organization who claimed that cutting Monroe was purely a “football move.” The Tennessee Titans drafted Derrick Morgan in the first round of the 2010 draft, and have stated that Morgan is a valuable asset to the team.

Upcoming Cannabis Events

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THC Fair – (Fairbanks, AK: June 25)

You’ll find hemp and cannabis products, accessories and tools, grow and harvest equipment and more in the amazing expo hall. Then, take in some great sessions on growing, medicinal benefits, prop 91 and more!

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Cannabis Charity Open – (Denver, CO: June 26)

Premium Pete’s Cannabis and High Rollers dispensary are partnering with The Hemp Connoisseur Magazine to host the Cannabis Charity Open benefiting the Denver Colorado AIDS Project (DCAP).

As part of an industry born by the will of the voters, they feel it is important to give back to our community. By sponsoring the charitable golf tournament in Denver, they hope to help those affected by HIV/AIDS to live healthier, more comfortable lives.

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Pueblo Cannabis Society – (Pueblo, CO: June 27)

The Pueblo Cannabis Society is a new, Pueblo-based discussion forum that will monitor the social, economic and cultural impacts of legal cannabis on our marvelous little corner of Colorado. All members of the Pueblo community are invited to participate.

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How Cannabis Works in the Body – (Online: June 28)

Topics to cover: What happens in your body when you ingest cannabis, and why it could change the face of medicine forever? How cannabis interacts with your endocannabinoid system to produce healing and balance? How and why different terpenes influence each person differently? How to discover which strains and cannabis methods are best for your unique constitution? How cannabis can be used to treat specific symptoms and diseases that plague our society?

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Kyoto Hemp Forum – (Kyoto, Japan: July 2)

No matter in which region or country you live, what jobs or businesses you are involved in, whether you are rich, or poor, or whatsoever, the changes you are facing from global industrial pollution are real. As long as we depend on toxic energy that is killing us, there is no sustainable future. It is time to be utilize Hemp as the leading biomass energy provider.

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