Wolf Administration Approves Fulton County Facility to Begin Medical Marijuana Production

first_img December 06, 2017 Wolf Administration Approves Fulton County Facility to Begin Medical Marijuana Production Human Services,  Medical Marijuana,  Press Release,  Public Health  Harrisburg, PA – The Wolf Administration’s Pennsylvania Department of Health today approved Ilera Healthcare LLC., in Taylor Township, Fulton County to grow and process medical marijuana, becoming the fourth facility to be operational.“Pennsylvania now has four grower/processors that are fully operational, bringing us one step closer to providing medical marijuana to patients,” Governor Wolf said. “More than 8,000 patients have registered to participate in the program, with 435 who have visited an approved practitioner and received their certification.  We are working to make sure those patients have access to medical marijuana when the first dispensaries open sometime next year.”In order to become operational, Ilera Healthcare underwent several inspections from the Department of Health. The facilities also are fully integrated with the seed-to-sale tracking system. The grower/processors will now be able to begin accepting seeds and clones to grow medical marijuana.“Patients, caregivers and physicians are actively getting ready to participate in the program,” Acting Health Secretary and Physician General Dr. Rachel Levine said. “More than 150 physicians have been approved as practitioners, with nearly 350 more going through the process.”The Medical Marijuana Program was signed into law by Governor Tom Wolf on April 17, 2016. Since that time, the department has:Completed the Safe Harbor temporary guidelines and Safe Harbor Letter application process, as well as approved more than 300 applications;Completed temporary regulations for growers/processors, dispensaries physicians and laboratories, all which have been published in the Pennsylvania Bulletin;Issued permits to grower/processors and dispensaries;Developed the Medical Marijuana Physician Workgroup;Approved four training providers for physician continuing education;Approved two laboratories to test medication before it is delivered to patients;Launched the Patient and Caregiver Registry; andContinue to work with permittees to ensure they will be operational within six months.The Medical Marijuana Program became effective on May 17, 2016, and is expected to be fully implemented by 2018. The program will offer medical marijuana to patients who are residents of Pennsylvania and under a practitioner’s care for the treatment of a serious medical condition as defined by the Medical Marijuana Law.Questions about the Medical Marijuana Program can be emailed to RA-DHMedMarijuana@pa.gov. Information is also available on the Department of Health website at www.health.pa.gov.For more information, follow us on Facebook and Twitter.center_img SHARE Email Facebook Twitterlast_img read more

Danske Bank to sell Lithuanian pensions business to Swedbank

first_imgThe number of pension providers in Lithuania is set to shrink to five following Danske Bank’s decision to sell its pensions business to Swedbank.Yesterday, Danske Bank signed an agreement with Swedbank investicijų valdymas to transfer, for an undisclosed amount, 100% of its shares in Danske Capital Investicijų Valdymas, its Lithuanian pension fund management company.The takeover, pending approval from Bank of Lithuania, is expected to be completed by the third quarter.Danske Bank noted on its website that the planned company shareholder change would occur at no cost to its pension fund participants, and have no effect on the number of pension fund units or unit values. The sale marks part of Danske Bank’s Baltic strategy to focus on corporate and private banking.In March, Lithuania’s Competition Council approved Danske’s transfer of its retail banking services to Swedbank, a transaction completed earlier this month.Last month, Danske Capital sold its Estonian pensions business to LHV Varahaldus.For Swedbank, the acquisition will strengthen its position as Lithuania’s biggest pensions provider.As of the end of March, according to Bank of Lithuania data, its five second-pillar funds had in total 745,192 members, a market share of 38.85% and assets of €745m (34.63%).Danske, the smallest of the providers, had respective shares of 1.75% and 3.29% in its four funds.Danske, unlike Swedbank, is also active in the much smaller third-pillar sector, where it runs a single high-equity fund.This had, as of the end of March, assets of €1.7m, or 2.84% of the total, and a membership of 1,371 (2.84%).The transaction represents a further consolidation in Lithuania’s pensions sector.In 2014, INVL Asset Management, part of the Invalda Group, acquired the pensions businesses of MP Pensions Funds Baltic, as well as 100% of Finasta Asset Management, including the latter’s pension funds.Recent results in the Lithuanian pensions sector have been unspectacular, with the 21 second-pillar funds recording an average nominal return of -1.18% year to date, while the 12 third-pillar funds returned -1.22%.Despite the recent losses, second-pillar assets increased by 4.8% year on year to €2.1bn and membership by 4.5% to 1.22m.The asset growth was boosted by this year’s increase in overall contributions.While the base rate remains unchanged at 2%, the 2015 additional members contribution of 1%, matched by a state contribution of 1% of the previous year’s average salary, both increased to 2%.last_img read more