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George Scorsis Presentations and Resources

George Scorsis brings a wealth of experience to the industry, with an extensive background in managing growth within highly regulated environments. He served as President of Red Bull Canada and was instrumental in restructuring the organization from a geographical and operational perspective, and growing the business to $150 MM in revenue.

George Scorsis is a leader in the industry of medicinal marijuana with years of experience as a CEO.

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National Canadian pharmacy chain to trace medical cannabis using blockchain

Canada’s biggest pharmacy franchise, Shoppers Drug Mart, is teaming up with TruTrace Technologies to develop a blockchain-secured pilot program for the medical cannabis industry. The companies hope the partnership will result in more standardized medicine, as well as more consistent clinical outcomes, they said in a news release. The program will use TruTrace’s technology for

National Canadian pharmacy chain to trace medical cannabis using blockchain is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Version 2 of New Jersey medical cannabis expansion bill gains traction

A key New Jersey legislative panel advanced a new medical marijuana expansion bill that appears to at least meet Gov. Phil Murphy halfway, but it’s unclear whether Murphy will approve the measure if it passes. The Assembly Appropriations Committee passed the bill by a 9-1 vote. The measure’s rapid progress comes a week after lawmakers

Version 2 of New Jersey medical cannabis expansion bill gains traction is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Italy opens application process to import 400 kilograms of medical cannabis

The Italian government plans to import 400 kilograms of medical cannabis over two years and has opened the bidding process to companies that want to supply Europe’s second-largest market. The Italian Ministry of Defense – through its office of Stabilimento Chimico Farmaceutico Militare (SCFM) – published the details of the application process for the tender. Applications must

Italy opens application process to import 400 kilograms of medical cannabis is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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NH to allow physician assistants to recommend medical marijuana

A recent move in New Hampshire could make it easier for patients to receive medical cannabis recommendations and, thus, boost medical marijuana sales in the state. Physician assistants soon will be able to recommend MMJ in New Hampshire as Republican Gov. Chris Sununu signed a bill expanding the list of providers who may do so.

NH to allow physician assistants to recommend medical marijuana is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Reluctant doctors could hamper Missouri’s nascent medical cannabis program

Missouri’s potentially robust medical marijuana market, with a tentative 2020 launch, is running into early resistance from doctors reluctant to recommend MMJ products to qualifying patients. “I don’t think doctors are hostile,” said Dan Viets, head of the Missouri Medical Cannabis Industry Association. “The simple fact is that most doctors are uninformed about the use

Reluctant doctors could hamper Missouri’s nascent medical cannabis program is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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50% of Ohio’s registered medical marijuana patients not buying, citing high cost

More than 42,000 medical marijuana patients in Ohio have signed up since the program went live in January, but half of those registered haven’t purchased cannabis because it is too pricey. A tight supply as a result of a lack of licensed cultivators, processors and dispensaries is keeping prices steep at retail stores, though costs have

50% of Ohio’s registered medical marijuana patients not buying, citing high cost is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Idaho petitioners file to put medical marijuana on 2020 ballot

Idaho advocates filed an initiative to place medical marijuana on the 2020 ballot, which would potentially create a statewide MMJ retail market. The Idaho Cannabis Coalition submitted initial signatures to start the process, and the Secretary of State now will review the initiative, according to Boise TV station KBOI. The organizers will attempt to collect 55,057

Idaho petitioners file to put medical marijuana on 2020 ballot is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Idaho petitioners file to put medical marijuana on 2020 ballot

Idaho advocates filed an initiative to place medical marijuana on the 2020 ballot, which would potentially create a statewide MMJ retail market. The Idaho Cannabis Coalition submitted initial signatures to start the process, and the Secretary of State now will review the initiative, according to Boise TV station KBOI. The organizers will attempt to collect 55,057

Idaho petitioners file to put medical marijuana on 2020 ballot is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Switzerland aims to join neighbors in legalizing medical cannabis 

Switzerland is looking to give physicians the ability to prescribe cannabis-based medicines, which would significantly boost access and, if approved, create one of Europe’s newest regulated markets. A proposed legal amendment would put the cultivation, processing, manufacture and sale of medical marijuana under the regulatory wing of Swiss Agency for Therapeutic Products (Swissmedic). A public

Switzerland aims to join neighbors in legalizing medical cannabis  is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Cannabis News June 2019 - Fire & Flower, Dixie Brands, Slang, Canopy Growth, Alcanna

Cannabis News June 2019 - Fire & Flower, Dixie Brands, Slang, Canopy Growth, Alcanna

Fire & Flower Holdings Corp. (TSX-V: FAF) Dixie Brands Inc. (CSE: DIXI.U) Canopy Growth Corporation (TSX:WEED) SLANG Worldwide Inc. (CNSX: SLNG) Alcanna Inc. (TSX: CLIQ) Wildflower Brands Inc. (CSE: SUN) MJardin Group, Inc. (CSE: MJAR) Inner Spirit Holdings Ltd. (CSE:ISH) ************************ Check out our website: https://midasletter.com ************************ SUBSCRIBE to our YouTube: http://bit.ly/MidasLetterYoutube SUBSCRIBE to our 2nd YouTube Channel - Midas Letter Clips: https://bit.ly/2rtQzgy SUBSCRIBE to our Newsletter: http://bit.ly/MidasLetterNewsletter Download Our Podcast on iTunes: http://bit.ly/MidasLetterPodcast ************************ Follow Us on Twitter: http://bit.ly/MidasLetterTwitter Like Us on Instagram: http://bit.ly/MidasLetterInsta Like Us on Facebook: http://bit.ly/MidasLetterFacebook ************************ #WeedStocks #MidasLetter

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Oregon Hemp-CBD Litigation: Another Tale on the Importance of Due Diligence Before Contracting

oregon hemp cbd litigation

Most of the hemp litigation we’ve written about has concerned a hemp purchaser suing a hemp farmer. This week concerns a $2.5 million lawsuit recently filed in Oregon wherein a hemp farmer sued a CBD processor.

The plaintiff, JNV Farms, alleges that in the fall of 2018 it entered into a manufacturing agreement with one of the defendants, C&N Ag LLC (“C&N”), by which JNV Farms was to provide industrial hemp to C&N who was to process the hemp into CBD Isolate and market and sell the finished product. The complaint alleges that profits were to be split 50/50.

According to the complaint, JNV Farms provided the defendants 13,800 lbs of biomass in December 2018. The defendants represented they were testing and preparing to process the material. After JNV Farms made repeated inquiries, defendants became less communicative then eventually refused to respond at all, and refused to meet with JNV Farms or permit inspection of the hemp or finished product.

JNV Farms claimed the defendants (i) neglected or refused to complete the work contemplated by the contract, (ii) failed to return the industrial hemp, (iii) failed and refused to compensate JNV Farms for the hemp, and (iv) failed to provide JNV Farms any of the CBD Isolate or the share of revenue from its sale. JNV Farms alleged claims for breach of contract, breach of the covenant of good faith and fair dealing, unjust enrichment, conversion, and fraud.

Finally – and not insignificantly – the complaint seeks to pierce the corporate veil and to hold the two owners of C&N, defendants Mock and Eastburn, personally responsible for the liabilities of C&N. This claim, perhaps more than the others, may strike fear into the defendants. As every business owner knows (or should know) a key purpose of incorporation is to shield company assets from being used to satisfy company obligations. The goal of a veil-piercing claim is to reach past the corporate shield and into the pockets of owners or investors.

Piercing the corporate veil is difficult. As it should be. But the complaint appears to allege facts sufficient to withstand a motion to dismiss. Notably the complaint alleges that when Mock and Eastburn negotiated the contract, and as of the date it was executed, that C&N was not yet in existence because no paperwork had yet been filed with the Oregon Secretary of State. This fact, if true, is not necessarily dispositive. (Indeed, if there was no corporation there is no need to pierce the corporate veil). But no one entering million-dollar contracts (Mock and Eastburn) ought to do so without having completed the necessary steps to form an entity. On the flip side, JNV Farms likely could have done a better job protecting its investment and the lawsuit may, as it often does, come down to whether the defendants have any recoverable assets. Time will tell.

For more on the recent wave of Oregon hemp litigation, check out the following:

Oregon Hemp Litigation: Bad Contract = Big Federal Court Claims

Oregon Hemp Litigation: Multi-Million Dollar Crop Delivery Lawsuit Filed

Avoid Hemp Litigation with a Real Agricultural Production Contract

Oregon Industrial Hemp Litigation: Won’t You Be My Neighbor?

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Cannabis Patents: Will the Illegality Doctrine Ruin Everything?

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Oregon lawmakers push bill to lift US ban on interstate marijuana exports

Two Democratic Oregon lawmakers on Thursday introduced congressional legislation to allow states, including Oregon, to export cannabis to other states with legal marijuana programs. The bill is an effort to remove the federal government’s ban on interstate shipment of marijuana, a prohibition that currently stands in the way of an Oregon cannabis export bill signed

Oregon lawmakers push bill to lift US ban on interstate marijuana exports is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Cannabis the most widely used drug globally, UN World Drug Report says 

Marijuana was the most widely used drug around the world in 2017, with an estimated 188 million consumers that year, according to a new report from the United Nations. The 2019 World Drug Report provides an overview of the international supply and demand of cannabis, as well as other drugs. The data also underlines the

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Cannabis company Surterra closes $100 million funding, adds executives

Surterra Wellness, an Atlanta-based medical cannabis company, closed a $100 million share offering whose net proceeds will be used to fund acquisitions and capital expenditure. The company also said it is taking on two new directors to help with corporate strategy: Ed Brown, former president and CEO of The Patron Spirits Co. Brown was a participant

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