Dec 12, (WDRB) -- Some Kentucky lawmakers are waving the red flag about medical marijuana. As the push to legalize medical cannabis catches fire. Kentucky lawmakers warn more research needed before legalizing medical marijuana. “I'm. Dec 13, Kentucky Lawmakers Warn More Research Needed Before Legalizing Medical Marijuana. During a meeting of the Interim Health, Welfare and.
Marijuana Medical Research Before Lawmakers Kentucky Warn Needed Legalizing More
The current state of regulation constricts how much a cannabis business can grow. There are only so many people and businesses that can consume a product or service in each market.
Jalbert has several pointers. This is a key lesson for all cannabis businesses and businesses of all stripes, really. If certain goals have been baked into the business model, then there will be a path forward to approach this offer. Is now the time? This is a conversation that should involve key executives and any sort of management team that would be assembled if and when an acquisition deal of any ilk does happen.
Part of the team—part of the core group of interested parties who will have a seat at the table, in a sense—will also include state regulators. In most of the cannabis deals the industry is seeing right now, some sort of license transfer is included in the transaction. And then the buying company is at risk of losing those people.
Once a deal is done, employees of the newly formed entity are free to move on if it comes to that. This should be done patiently and empathetically as the deal progresses through its various phases of development, including through in-depth interviews with employees and management. As noted earlier, cannabis deals are becoming more complex, with more moving parts, simply because the valuations tied to these companies are so volatile at times and because the regulations in which they operate are incredibly rigid.
Threading the needle so that buyer and seller reap properly timed benefits—and so that the resulting company lands on firm footing—is no easy task. A lot of the types of terms that are popping up in these multi-faceted cannabis deals are time-released transactions—terms based on how the company performs six, 12, 24 months down the line after a deal or on how state regulators address the proposed deal.
Due diligence is a broad and deep process that comes only after businesses have signed some sort of exclusive contract as they mold a proposed deal.
The due diligence process goes well beyond the preliminary framework developed in what is called a confidential information memorandum CIM , which comes earlier in the transaction time table, and it includes both the positives about the business in question and the risks that may be discovered. What's the potential value of that in the future? Is this worth what they're saying? Is the company viable? Any red flag doesn't mean you should absolutely walk away, but these are the things in this space that we tend to ask for, from a seller diligence perspective.
As LEDs have continued to develop, they have begun producing more consistent yields, according to Dung Duong, chief innovation officer for Fluence Bioengineering. LEDs take electric current and convert electrons into photons of light, using semiconducting materials to adjust the energy level of an electron to make it useful for lighting, Duong says. Although the science behind LEDs has not changed much since their invention, the efficiency and increasing adoption of LEDs have helped the technology progress in the past few years, Duong says.
Each production style—indoor, greenhouse and outdoor—should be approached differently, particularly when it comes to environmental controls and lighting, according to Travis Higginbotham, cultivation support for Fluence Bioengineering.
With outdoor cultivation, plants are subject to the natural environment and weather patterns, and can only be harvested at certain times of the year. A greenhouse allows for more control over the environment, especially with the addition of supplemental lighting, which lets growers control the photoperiod throughout the year.
Indoor cultivation affords full control over the growing environment and year-round production, which can improve consistency in product quality and supply. There are plenty of strategies that have been done in horticulture and floriculture that no one has even thought about in cannabis. Here, Higginbotham discusses the risks and rewards for each environment, including lighting strategies for each.
Last week, a Senate panel advanced a resolution urging Congress to open more research on medical uses for marijuana. Greg Hembree, a Republican and former prosecutor, said he supports expanding the possible medical uses of cannabis with the right testing, procedures, and caution, something he said he feels isn't happening in other states that have embraced medical marijuana perhaps too readily.
Patrick Dennis, general counsel for the South Carolina Medical Association, said Monday his organization had concerns about the proposal. A total of 33 states, the District of Columbia, Guam and Puerto Rico allow some type of medical cannabis program, according to the National Conference of State Legislatures. Discussing his proposal with AP, Davis called it a "socially conservative" bill that helps patients in need but also includes stiff penalties for recreational use.
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Kentucky lawmakers warn more research needed before legalizing medical marijuana
Educate yourself and others about the many benefits of medicinal marijuana. Learn how you can contact Kentucky lawmakers warn more research needed. Jan 3, Kentucky Lawmakers Grapple With Medical Marijuana – 1/3/ We are so very proud of Eric and Michelle Crawford for their courage and are thankful for asks daily marijuana user who wants it legalized Kentucky lawmakers warn more research needed December 17, ; Public hearing centers. Mar 6, Medical marijuana bill gets more testimony, but no vote Tuesday Monday in the Kentucky legislature for a bill to legalize medical marijuana. By Cain warned the legislators to “tread lightly” with medical marijuana until there is more research. Several legislators voiced the need for more research. Rep.