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New York State cannabis office says ‘gifting’ weed is illegal, but prosecutors aren’t so sure
Last month, New York regulators made waves after sending cease and desist letters to more than 50 operators who were allegedly selling marijuana illegally. These “grey market” businesses have cited language in the new state cannabis law that allows “gifting” as a...
Virginia Republicans Call for Revisions to the State’s Adult-Use Cannabis Law
The legalization of recreational cannabis in Virginia could do wondrous things for the Old Dominion, where Senate Bill 391 was passed in a historic bipartisan vote on Feb. 16. However, before the commonwealth can generate the $1.3 billion that Headset analysts predict...
Mandatory pesticide testing begins April 2 for all cannabis products in WA
Protecting consumers from unhealthy products is key for cannabis growth worldwide Several years after Washington's legislature first discussed these requirements, the state has finally approved compulsory pesticide testing for all cannabis products produced and sold...
The Future Markets Research Releases Market Commentary on Innocan Pharma, an up-and-coming Leader in CBD Veterinary Solutions
PESG Research, a research group under the Future Markets Research Tank (FMRT), is proud to release market commentary on Innocan Pharma, an up-and-coming leader in the CBD veterinary solutions Industry. To read the full report click here, or follow the link:...
MORE Act likely to flop in Senate after House vote this week: Analyst
The U.S. House of Representatives is likely to pass the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) by a slim margin when it comes up for a vote as early as Friday but the measure will not likely pass the Senate, Beacon Policy Advisors LLC...
New Biden Budget Keeps Ban On D.C. Marijuana Sales But Preserves State Medical Cannabis Protections
President Joe Biden is again proposing to keep blocking Washington, D.C. from legalizing marijuana sales as part of the budget proposal for Fiscal Year 2023 that he sent to Congress on Monday. To the relief of advocates, however, he again kept a separate rider intact...
Featured Articles
What weed tourism looks like in 2022 and beyond
Whether it’s a new market, or an old one continuing to push its limits with recreational marijuana, weed tourism does not plan to slow down any time soon. As leisure travel continues to recover and countries lift their travel bans and COVID-19 restrictions one by one, many tourist destinations are eagerly awaiting new visitors. No matter how luxurious or sought after the destination, it seems every locale is eager to find new ways to attract business. In 2022, however, there is something new in the air that has begun to inspire a new wave of tourism. One of the latest trending motivators in destination travel is, putting it bluntly, weed. In 2020, a report found that almost 30% of vacationing adults worldwide were looking for something involving cannabis on their holiday. This report found that 18 percent of Americans feel this way as well. The numbers in the report found these percentages went up even higher in the younger millennial demographic, which is a group that often favors leisure travel. While many facets of the travel industry struggled to tread water throughout the pandemic, recreational marijuana sales continued to grow, and more areas of the world legalized recreational marijuana. By the end of 2020, Arizona, New Jersey, and South Dakota all legalized recreational cannabis use, with Connecticut, New Mexico, New York, and Virginia passing initiatives one year later, according to U.S. News. That makes a total of 18 states, Washington D.C. and Guam that have an added draw for potential tourism. Even states with established tourism are continuing to ramp up their efforts in order to stay at the top of the heap. California has been a leader in marijuana tourism since its inception and continues to reinvent itself to maintain its status as a pot paradise.
420 Intel – Marijuana Industry News, 01/23/2022 19:00:00
Open article: https://420intel.com/articles/2022/01/24/what-weed-tourism-looks-2022-and-beyond
Rhode Island Governor Includes Marijuana Legalization And Expungements In Budget Request
The governor of Rhode Island has again included a proposal to legalize marijuana as part of his annual budget plan—and this time he also added new language to provide for automatic cannabis expungements in the state. Gov. Dan McKee (D) released his request for the 2023 fiscal year on Thursday, calling for adult-use legalization as lawmakers say they’re separately nearing a deal on enacting the reform. It appears that an outstanding disagreement between the governor and legislators concerning what body should regulate the program remains unresolved based on the new budget proposal, however. In general, McKee’s plan would allow adults 21 and older to purchase and possess up to one ounce of cannabis, though it would not provide a home-grow option. Adults could also store up to five ounces of marijuana in secured storage in their primary residence. “The governor recommends creating a strictly regulated legal market for adult-use cannabis in the state,” an executive summary states. “This proposal would create a weight-based excise tax on marijuana cultivation, an additional retail excise tax of 10 percent, and also apply sales tax to cannabis transactions.”
Kyle Jaeger, Marijuana Moment, 01/20/2022 17:46:00
Most Americans Predict Biden Won’t Uphold Marijuana Decriminalization Promise In 2022, Poll Finds
Thursday marks the end of President Joe Biden’s first year in office—and, by and large, his campaign promises on marijuana policy have so far gone unfilled. And while certain federal agencies have taken some positive reform steps, the administration managed to stir controversy over some outwardly hostile actions with respect to cannabis policy. Contrary to Biden’s campaign pledges, cannabis has not been federally decriminalized, people remain in federal prison over non-violent marijuana offenses and the plant has yet to be rescheduled under the Controlled Substances Act. Of the cannabis promises that Biden made while running for president, just one has been met so far: the government has continued to let states implement marijuana reform mostly without federal intervention, though ongoing lack of clarity from the administration has caused continuing complications for the industry and consumers. In one of the more notable positive developments to come out of the Oval Office, however, Biden did sign an infrastructure bill last year that contains language meant to help promote marijuana research.
Kyle Jaeger, Marijuana Moment, 01/20/2022 12:23:00
Banking Activity Increases In States That Legalize Marijuana, Study Finds
While marijuana businesses often struggle to find banks that are willing to take them on as clients due to risks caused by the ongoing federal prohibition of cannabis, a new study found that banking activity actually increases in states that legalize marijuana. The research doesn’t make a direct connection between state-level marijuana reform and the increased activity, but it does strongly imply that there’s a relationship—even if the factors behind the trend aren’t exactly clear. Researchers set out to investigate banking trends in states that have legalized cannabis, looking at bank regulatory filings with the Federal Deposit Insurance Corporation (FDIC) from 2011 to 2016. They found evidence that “banking activity (deposits and subsequent loans) increase considerably in legalizing states relative to non-legalizing states.” That’s in spite of the fact that banks and credit unions run the risk of being penalized by federal regulators for working with businesses that deal with a federally controlled substance. “While uncertainty can result in overly cautious behavior and hinder economic activity, we do not find evidence of this with cannabis laws and the banking industry,” the authors wrote in the new paper—titled, “THC and the FDIC: Implications of Cannabis Legalization for the Banking System.”
Kyle Jaeger, Marijuana Moment, 01/21/2022 08:05:00
Thailand FDA Recommends Removal Of Cannabis From Controlled Substance List
Thailand is known for some of the harshest drug laws on the planet, but no longer when it comes to cannabis. This article originally appeared on Cannabis.net and has been reposted with permission. In Asia, a region notorious for its harsh drug laws, Thailand is making waves by becoming the first country in all of the region to legalize the use of cannabis medicinally as well as in food and cosmetics. They are going one step at a time while neighboring countries still impose deadly penalties for anyone caught using or selling the drug. Just this week, the Food and Drug Administration (FDA) of Thailand stated they were going to propose to remove cannabis from the controlled substances list, reports Bloomberg. If the board agrees, the next step would require approval from Health Minister Anutin Charnivirakul, before the law is active in Thailand. Should this go to plan, it would mean that Thai citizens could enjoy easier access to cannabis without worrying about going to jail or having to pay big fines.
Terry Hacienda, The Fresh Toast, 01/20/2022 15:00:00
Mississippi House approves amended medical marijuana bill, sending it back to Senate
The Mississippi House of Representatives approved an amended version of the Senate’s medical marijuana bill, lowering the amount of cannabis a person can purchase each month. The House voted 104-14 in favor of the bill after over an hour of spirited debate. The bill will head back to the Senate where the changes can either be accepted or the two chambers can negotiate a compromise. “This bill has been vetted probably more than any bill in my history for sure,” said Rep. Lee Yancey, R-Brandon, chair of the House Drug Policy Committee. More: A billion joints? Lawmakers say Tate Reeves is moving the medical marijuana goal posts Yancey and Sen. Kevin Blackwell, R-Southaven, worked closely on the language of the bill through last summer and fall. Thorough vetting aside, Yancey made three changes to the bill Wednesday afternoon during an impromptu drug policy committee meeting. Yancey lowered the amount of marijuana a patient can purchase each month to 3 ounces from 3.5 ounces. A patient can still purchase 3.5 grams of marijuana at a time, but only six times a week. The decrease in the amount of cannabis a person can purchase in a given month comes after Gov. Tate Reeves repeatedly called for lawmakers to lower the amount. In December, Yancey didn’t seem open to the change, telling the Clarion Ledger he thought Reeves was playing politics.
Cannabis Business Executive – Cannabis and Marijuana industry news, 01/20/2022 08:15:00
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Nearly 500-Page House Report On Marijuana Legalization Bill Previews Democratic And Republican Arguments
With a vote on a bill to federally legalize marijuana set for House floor consideration this week, lawmakers on Thursday released a report on the legislation that effectively previews the partisan debate to come, with the majority and minority leaders of a key...
Some New Jersey Municipalities Opt Back In to Adult-Use Cannabis Industry
Some of the roughly 400 municipalities in New Jersey that opted out of hosting the adult-use cannabis industry ahead of an August 2021 deadline to do so have since changed their minds. Roughly 29% of the state’s municipalities now allow some form of adult-use business...
Alabama Gubernatorial Candidate Tim James Says State Officials Want to Create ‘Drug Cartel’ with Medical Cannabis Program
Tim James, a leading Republican gubernatorial candidate in Alabama, has expressed opposition to the state’s medical cannabis program, claiming that state officials want to create a “drug cartel,” according to an AL.com report. “This is nothing but a bait and switch to...
Marijuana lobby pushes Missouri lawmaker to cap number of licenses
A major seller of marijuana-infused chocolate bars and vape cartridges this week pushed the author of the so-called Cannabis Freedom Act to cap cannabis business licenses in his plan to fully legalize the drug, the lawmaker said. Rep. Ron Hicks, R-Defiance, sponsor of...
New Mexico cannabis industry divided over market saturation fears
Budtenders Sebastian Torrez left, and Hannah Renick sell products to customers at the Ultra Health cannabis dispensary at 7401 Menaul NE. (Roberto E. Rosales/Journal) Arizona had about 73 adult-use dispensaries licensed when recreational sales began at the start of...
Kanabo Launches eCommerce Platform to Help Improve Wellbeing of Millions of People
Kanabo, the UK medicinal cannabis company focusing on the development and distribution of cannabis-derived products for medical patients, is launching its eCommerce platform for wellness CBD consumers. The Kanabo. store will cater to the UK market initially and then...
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