Investor Ideas #Potcasts: #Cannabis News Special Edition - Interview with Kim Casey on her recent book,
Cannabis For Dummies
Delta, Kelowna, BC –May 31,
2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source
covering leading sectors including marijuana and hemp stocks and its potcast
site, www.potcasts.ca release today’s edition of Investorideas.com potcastsCM -
cannabis news and stocks to watch plus insight from thought leaders and
experts.
Listen to the podcast:
Read this in full
at https://www.investorideas.com/news/2019/cannabis-potcasts/05311KimCasey-CannabisForDummies.asp
Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com “potcasts”,
looking at cannabis news, stocks to watch as well as insights from thought
leaders and experts.
In
today’s podcast I interview Kim Casey,
Author of Cannabis for Dummies about her background in cannabis, what
lead her to write this book as well a the content of the book itself.
But
first, earlier this week, the cannabis community received a piece of great news
as a federal appeals court gave medical cannabis patients and reform advocates
a small but significant procedural victory, ruling that it would hold open a
case challenging the scheduling status of marijuana under federal law.
The
court is putting the federal government on notice that it must “promptly” make
a decision on marijuana rescheduling so that those who rely on its medical
benefits don’t unduly suffer.
Two years ago, a group of patients
including New York Jet’s great, Marvin Washington and advocates, Cannabis Cultural Association, filed a lawsuit against the Justice
Department in a
U.S. District Court, alleging that the Schedule I status of cannabis under the
Controlled Substances Act (CSA) poses serious health risks and unfair economic
disadvantages.
Here is the original complaint: https://www.scribd.com/document/411950047/18-859-Documents-2?secret_password=w2ybm121PJJEUJQR6TdN#download
The
2-1 ruling from the 2nd Circuit Court of Appeals said the feds’ classification
of weed in the same category as heroin and LSD made no sense.
“Plaintiffs
claim that a shift over time in our understanding of the uses and dangers of
marijuana warrants a change in marijuana’s classification,” Judge Guido
Calabresi wrote for the majority. “It is possible that the current law, though
rational once, is now heading towards irrationality; it may even conceivably be
that it has gotten there already.” The judges said they might intervene if the
DEA did not act “with adequate dispatch” to a request to review its
classification of marijuana as a Schedule I drug.
The Cannabis Culture Association commented
saying, “The Cannabis Cultural Association is proud to be a plaintiff in this
milestone case. Today, the United States Court of Appeals for the Second
Circuit issued its decision, holding our federal cannabis lawsuit in abeyance
but retaining jurisdiction over it while our legal team files a petition to
reschedule cannabis, to ensure that the petition is decided with
“alacrity.” This is the first decision
of its kind and will afford the plaintiffs the rapid decision that they and all
Americans deserve. The Cannabis Cultural Association looks forward to
continuing to lead the legalization movement, and to supporting our lawyers’
efforts to compel the DEA to finally render a fair and fast decision.”
As well the Virtual Investor Conferences
and
KCSA
Strategic Communications today announced the agenda for the upcoming Cannabis Industry Virtual
lnvestor Conference. Individual investors, institutional investors, advisors
and analysts are invited to attend. The program opens at 8:45 AM ET, with the
first live webcast at 9:00 AM ET, on Tuesday, June 4th.
Some of the companies attending the Virtual
Conference include Aurora Cannabis, KushCo Holdings, Khiron Life Sciences and
more.
In my interview with Kim Casey on her recent book Cannabis For Dummies, Kim discussed what brought her to write
this book and some of her hopes from both the industry and the average US or
Canadian citizen who may read this book.
“I think this was written for numerous
audiences, there’s something in it for everyone, from someone who is very
comfortable as a cannabis user to someone who has just heard of cannabis and is
curious. For the comfortable cannabis user they may learn a great deal about the
industry itself {from the book},” commented Casey on the potential audiences
for her book.
When asked about what specific information
Casey thought the average cannabis consumer could learn from her book she
pointed quickly to the section of the book focussed on Cannabis Taxes, both in
the US and Canada.
“Most people, even the people working for
cannabis companies, are unaware of the Federal US Tax code. The general public
doesn’t realize that the dollars that are coming into the company are mostly going
back to the federal government. To clarify, this is not State Tax where medical
or recreational cannabis is aloud, but Federal.”
“For the Canadian population, understanding
that each Canadian province has its own business structure on the involvement
of Government in the supply chain. Some provinces are allowing independent
business to operate the dispensaries, some are handling the entire piece from
growers to consumers, and some have a mixture. This may be interesting to
individuals who may not understand the industry and its ins and outs on the
whole.”
Cannabis for Dummies covers everything from
the growing and processing side of cannabis, to Investing, business practices
and even how to best buy cannabis for personal consumption.
The chapter focussed on Investing gives a
great overlay of the last two years in the industry, some of the pitfalls to
avoid and be wary of as well as certain company standards and trends that have
lead to success so far.
Subscribe to the new cannabis podcast series:
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