Rhode Island Gov. Gina Raimondo (D), who has long remained reluctant about the issue, says she will formally propose in her budget this week that the Ocean State end cannabis prohibition.
“Things have changed, mainly because all of our neighbors are moving forward,” she told the Providence Journal in an article published on Sunday. “We’re not an island, in fact. Like it or not, we’re going to be incurring public safety and public health expenses because it’s legal in Massachusetts… And I think it is time for us to put together our own regulatory and taxing framework.”
A new bill is proposing marijuana be legalized at the federal level, according to a report by the Marijuana Moment.
H.R. 420, also known as the “Regulate Marijuana Like Alcohol Act,” suggests the federal government treat marijuana like alcohol rather than a controlled substance, which is its current classification under the Controlled Substances Act.
Aphria, Tilray, Canopy Growth and Aurora All have shared interested in expanding into the US Markets.
The first obvious step would be to be granted an import license, which simply signifies cooperation from the DEA. To date, Tilray Inc. was one of the first received approval cases from the Drug Enforcement Administration to import cannabis into the U.S. for medical research, the first Canadian company to do so. Tilray will work with the University of California San Diego’s Center for Medicinal Cannabis Research on a clinical trial to test whether the drug can effectively treat essential tremor, a common neurological disorder that causes uncontrollable shaking and affects more than 4 percent of people over age 65.
Aphria has already signified patent and trademark intentions, along with their desire to enter more US markets, they will surely be pushing for some trademarked (SR1) patents.
Canopy Growth and Aurora perhaps have the best potential for filing successful trademarks, as they have already made a number of deals that will eventually require protection of intellectual property, especially in any new acquisition they make in 2019.
Perhaps leading the charge for legalization is the infamous Cheech & Chong Co.,owned by Cannabis Giant Profile Solutions Inc (PSIQ). Profile Solutions Inc (OTC:PSIQ) has purchased one of the most well known brands in the Cannabis industry, that of Cheech & Chong Product Line. While these are currently only mens grooming products, they are already trade marked. Now, when their large scale growing operation goes operational (See Here), they will only have to put the CBD products under the banner of Cheech and Chong, and thus it would be trade marked.
Dan Oran, CEO of PSIQ stated,
“We are very excited to showcase our proprietary line of Hemp Based CBD products to this very prominent group of Mass Market Retailers.”
Mr. Oran concludes,
“Due to the passing of the 2018 Farm Bill, Hemp Based CBD has become legal nationwide creating tremendous opportunity for PSIQ.”