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Featured Articles
MITA Addresses Arizona’s Multi-Million Dollar Social Equity Cannabis License Lottery Now Scheduled for April 8th
Demitri Downing the founder and CEO of MITA, is a former prosecutor and cannabis policy expert, available to address the impact of these new dispensary licenses, and what’s at stake for the larger business community once distributed. The Arizona Department of Health...
New Hampshire Lawmakers Approve State-Run Marijuana Legalization Bill With Amendments, Sending It Back To House Floor
A New Hampshire House committee approved an amended version of a bill to create a state-run marijuana market for adult consumers, sending it to the full House for a second-floor vote. The House Ways & Means Committee met for the third time in the span of a week on...
Texas Supreme Court Hears Case Challenging State’s Smokable Hemp Manufacturing Ban
The Texas Supreme Court on Tuesday heard oral arguments concerning the state’s ban on manufacturing smokable hemp products—the latest development in a drawn-out legal battle on the policy first proposed and challenged in 2020. A lower court determined in August that a...
Rhode Island House Panel Discusses Competing Marijuana Legalization Proposals From Lawmakers And Governor
A Rhode Island House Committee on Tuesday discussed a bill to legalize marijuana in the state, as well as the governor’s separate budget proposal that includes provisions to end cannabis criminalization and create a regulated market. The hearing on the pieces of...
Michigan Cannabis Workers Unionize With UFCW Local 876
Cannabis dispensary employees in Manistee, Mich., a Lake Michigan coast city in the northwest part of the state, unionized earlier this month with the United Food and Commercial Workers (UFCW) Local 876. The organized workers at the Authentic 231 retail...
Cresco Labs Buying Rival to Become Largest U.S. Cannabis Company
Cresco Labs (OTC: CRLBF) is buying New York-based Columbia Care (OTC: CCHWF) in a $2 billion deal that will make it the largest marijuana company in the U.S. The all-stock purchase would give Cresco a presence in new recreational-marijuana markets, such as...
Featured Articles
Austin Officials Certify Local Marijuana Decriminalization Initiative For May Ballot
Austin, Texas voters will have a chance to decide on a ballot initiative to locally decriminalize marijuana, city officials announced on Monday. Ground Game Texas, an organization working to advance progressive causes including cannabis reform, said it turned in more than 33,000 signatures for the measure—about 10,000 more than required to qualify for the May 7 election. The city clerk’s office said that, according to its internal review of the validity of the submissions, “the petition is determined to be sufficient.” The group also told Marijuana Moment on Monday that they will be launching signature campaigns for cannabis decriminalization initiatives in Killeen and Harker Heights this month, and activists in San Marcos began a similar campaign in September. Those three efforts are aimed at putting marijuana reform before voters in November. While Austin, as well as other Texas cities like Dallas, have already independently enacted law enforcement policy changes aimed at reducing arrests for cannabis-related offenses by issuing citations and summons, the new Austin Freedom Act would take the reform a step further. The initiative seeks to end arrests and citations for misdemeanor marijuana possession within Texas’s capital city.
Kyle Jaeger, Marijuana Moment, 01/10/2022 11:11:00
Governors Celebrate 2021 Cannabis Reforms as 2022 Gets Underway
The past couple of years have been good for the cannabis industry. The industry managed to weather the coronavirus pandemic much better than other sectors, keeping most cannabis employees working and selling even more cannabis products than before the pandemic. However, the best developments have been on the legal side. Federal lawmakers are working on passing cannabis legislation at the federal level, and several states passed some form of cannabis legalization. Now that 2021 has finally run its course, let’s look at some of the most prominent marijuana reform accomplishments of the year. Connecticut, which still has a completely green recreational market, has focused a great deal on social equity. The state’s newly enacted cannabis legalization bill led to the formation of the Social Equity Council, which is charged with molding Connecticut’s new recreational industry with social equity and diversity in mind. Governor Ned Lamont highlighted the council’s efforts, stating that its primary duty would be to ensure equitable access to the lucrative cannabis market and mitigate some of the damage caused by the failed drug war. At the 15-person group’s first meeting, it rubber-stamped a list of geographical areas that were disproportionately affected by the decades-long war on drugs.
CannabisNewsWire, 01/10/2022 16:20:00
California Marijuana Laws Entangling Tech Companies
Our Los Angeles marijuana business lawyers know it’s not only companies selling cannabis that are being caught up in the regulatory quagmire of state and federal marijuana laws. In recent months, there have been numerous reports of technology software companies servicing the cannabis industry facing financial consequences for that partnership. Firms have been dumped by payment processors, classified as “high risk” by credit card brands and banks (requiring higher fees to handle payments), and overall faced difficulty in the course of day-to-day businesses. As the legalized cannabis market continues to mature, we’re seeing regulatory headaches continue for ancillary businesses like tech companies, particularly when it comes to handling banking and payment processing. This is true even for companies that never touch a single marijuana plant or product. Businesses working with cannabis growers, producers, and retailers at every leg of the supply chain have found themselves suddenly grappling with growing red tape. The irony for some of these tech companies is that a primary part of the service they provide to the cannabis industry is the ability to more easily maintain and track regulatory compliance.
Cannabis Law Group’s Medical Marijuana Legal Blog, 01/10/2022 14:14:00
Maryland Lawmakers Debating Whether to Legalize Recreational Marijuana or Put It on Ballot
Maryland lawmakers are meeting this week to start their 90-day legislative session to discuss topics concerning the $4.5 billion budget surplus, COVID-19, climate change, and legalizing recreational marijuana. The Democratic-controlled Maryland General Assembly will plan how to manage the surplus for the current and upcoming fiscal years, and state Senate President Bill Ferguson said they need to be careful how they approach the budget. “I think people have heard this $4.6 billion like it’s time that we can fund everything possible, but we’ve got to be very, very thoughtful and moderate about how we approach it because we don’t want to set ourselves up for a fiscal cliff in two to three years from now,” Ferguson said. Legalizing recreational marijuana is one of the topics the lawmakers will consider, one with fiscal implications. Ferguson previously pledged that Maryland legislation would work to legalize the use of recreational marijuana, the Baltimore Sun reported. Democratic House Speaker Adrienne Jones voiced her support for adding legalized cannabis to the November ballot, according to WBAL-TV. However, Jones previously said she has concerns when it comes to young adults.
420 Intel – Marijuana Industry News, 01/10/2022 19:00:00
More Red States Are Going Wild For Weed
The proven perks of taxable marijuana sales that benefit legalized states are beginning to outweigh the antiquated “gateway drug” mentality in many areas of the nation. When liberal-leaning states like California, Washington, and Colorado sparked the movement towards marijuana legalization it hardly invoked many surprises. Marijuana legalization seemed closely connected to progressive liberal ideals at the time. It was also not earth-shattering news when recreational marijuana sales in these Democratic states skyrocketed and these states all reaped tangible benefits. Recently, the Republican-leaning state of Montana legalized recreational marijuana, and it has already posted impressive sales numbers. In the first weekend alone, the 20% sales tax on recreational cannabis raised $313,396 in tax revenue for the state. This may come as a slight shock to those who see marijuana legalization as a solely partisan issue. Montana, however, is simply a friendly reminder that in 2022 some Republican-leaning states enjoy marijuana just as much as their blue state neighbors. Montana is not the first red state to embrace recreational marijuana. Alaska, although Republican-leaning, has embraced marijuana decriminalization for decades. Then in 2014 Alaska became the third state in the U.S. to legalize recreational marijuana.
420 Intel – Marijuana Industry News, 01/10/2022 19:00:00
Open article: https://420intel.com/articles/2022/01/11/more-red-states-are-going-wild-weed
U.S. Cannabis Sales Topped $37 Billion in 2021. Will Sales Decline in 2022?
What’s in store for the new year and the future of weed. The U.S. cannabis market continues to boom to little surprise, but some experts caution that growth may decline in 2022. With U.S. sales topping $37.4 billion in 2021, according to a Prohibition Partners’ report, most see the new year as another success for pot. Still, regulations on federal and local levels could kneecap America’s full potential. Another Strong Year Expected, But Growth Could Slow: Sources across the board told Benzinga that they agreed with the optimistic projection for 2022. Jessica Billingsley, CEO of enterprise cannabis tech platform Akerna Corp, said the first week of January helped bolster optimism, noting Montana’s strong adult-use opening. She also highlighted positive signs in the medical space, with Louisiana now allowing cannabis flowers in medical products. Billingsley said the U.S. would continue to provide a massive market impact, but its potential remains stymied by federal prohibition. “An entire untapped national economy in the U.S. can come from legal cannabis, including job creation and tax revenue, that we are missing out on by not federally legalizing cannabis,” Billingsley said. Andrew Fuller, senior market research analyst for data firm Headset hopes that bipartisan citizen support propels at least some form of federal reform in 2022.
420 Intel – Marijuana Industry News, 01/10/2022 19:00:00
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Older Posts
South Dakota Governor signs handful of medical cannabis bills
The six bills bring a host of changes to the new cannabis law in South Dakota, including one that places a limit on the number of plants a patient can grow. South Dakota Gov. Kristi Noem last week signed a number of bills dealing with the state’s fledgling medical...
New York’s Cayuga Nation To Sell Recreational Cannabis
The tribe may beat state recreational sales by up to a year New York’s Cayuga Nation Native American tribe is preparing to launch an adult-use cannabis cultivation enterprise, months before state-licensed recreational pot retailers begin serving customers. Under the...
Georgia Senate almost voted on cannabis product without realizing it
An unlikely Senate duo — a conservative South Georgia farmer running for higher office and a liberal Atlanta preacher — have teamed up to help cannabis farmers with a bill allowing more hemp products in a state where marijuana remains illegal. The Georgia bill got as...
Maryland Lawmakers Approve Millions In Funding To Implement Marijuana Legalization If Reform Is Enacted
A key Maryland House committee advanced a Senate-approved budget bill last week, adding new amendments that would allocate tens of millions of dollars in funding to implement marijuana legalization with the expectation that the reform will ultimately be enacted this...
New York cannabis regulations are in limbo. But the pot industry is booming on reservations.
The proliferation of the shops has beaten New York’s own plans to open dispensaries after the state Legislature legalized recreational marijuana last year. State officials said it is legal for the tribes across New York to sell marijuana before regulators have adopted...
Michigan Cannabis Flower Price Dips $171 Per Ounce in One Year
Although demand for adult-use cannabis soared throughout 2021 in Michigan, falling retail prices have left some business executives uncertain of their future in an increasingly competitive market. From flower, vapes, edibles, and a host of other products, Michigan...
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