Cannabis Briefs for January 28, 2020
January 28, 2020•Illinois Supply & Provisions, a cannabis retailer in Springfield, Illinois, has become the first location in the state approved for on-site consumption of cannabis. Illinois law leaves implementation of social consumption spaces to city officials, with the stipulation that such spaces be limited to cannabis dispensaries—or smoke shops that derive at least 80% of their revenue from tobacco sales. In this case, the retailer submitted a request to the Springfield city council, which approved it. The consumption area will be a separated area within the store, with final design and construction still in the works; an opening date is still to be determined. Illinois Supply has a second location in Collinsville, Illinois, with two more planned to open this spring.
•Canopy Growth has made two changes to its board of directors. Judy Schmeling, a board member since November 2018, has been appointed as the company’s new chair. Schmeling is also on the board of Constellation Brands, which holds a 37% stake in Canopy following its $4 billion investment. Constellation executive vice president and CMO Jim Sabia has also joined the board in principle, pending regulatory approval. Five of Canopy’s seven board members are now either Constellation executives or board members.
•New Zealand is reportedly planning to allow vaping when medical cannabis is legalized April 1. The country currently plans to ban medical marijuana in smokable form, but will modify the guidance to allow “the import of vaporizers that have been approved as medical devices by an overseas regulator.” Both oil cartridge- and dry herb-based vapes will be permitted, meaning that medical patients will be able to consume regular flower even if they cannot smoke it. New Zealand plans to rely on imports to get its market off the ground both for vape hardware and the product itself.
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