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70 new medical marijuana dispensaries get licensed for Ohio shops
An array of new medical marijuana dispensaries could open their doors in Ohio — including nine in Columbus. The Ohio Board of Pharmacy issued 70 provisional licenses to hopeful medical marijuana dispensaries on May 16 in order to accommodate a growing number of...
Shifting Conservative Attitudes Toward Cannabis Reflected In New Efforts By The Congressional Cannabis Caucus
Research from Gallup released last year shows that record numbers of Americans support some form of cannabis legalization, as more states pass laws legalizing medical and recreational adult uses of cannabis. This has resulted in both parties represented in...
California Marijuana Retailers ‘100 Percent’ Compliant In Checking IDs To Prevent Youth Access, Study Finds
California marijuana retailers do a very good job of preventing underage people from entering their shops and purchasing cannabis, a new study found. Researchers wanted to put the cannabis industry’s compliance with ID requirements to the test, so they sent people who...
South Dakota Voters Will Decide On Marijuana Legalization Ballot Measure In November
South Dakota officials on Wednesday certified that activists turned in a sufficient number of signatures earlier this month to qualify a marijuana legalization measure for the November ballot. South Dakotans for Better Marijuana Laws (SDBML) needed 16,961 valid...
Texas Activists Say They’ve Collected Enough Signatures To Put Marijuana Decriminalization On Another Local Ballot
Texas activists announced on Wednesday that they have collected enough signatures to qualify a marijuana decriminalization initiative for the local November ballot in Killeen. This marks the latest success for Ground Game Texas, a progressive advocacy group that...
Congressman Wants Changes in Marijuana Testing of Truck Drivers
Science currently cannot determine whether drivers are too impaired by cannabis to get behind the wheel. That’s because THC, the chemical ingredient in cannabis that causes the high, remains detectable in urine for as long as a month. Despite this, the federal...
Featured Articles
South Carolinians still left waiting after push to legalize medical marijuana falls short in 2022
Despite the abrupt death of the bill to legalize medical marijuana in South Carolina this year, supporters and advocates say their hope for the legislation is still alive. The “SC Compassionate Care Act,” S.150, advanced further this year than it ever had before, passing the state Senate and making it all the way to the House of Representatives floor for debate, where it was one key step away from reaching the governor’s desk. But before that debate really got underway in the House, Rep. John McCravy, R- Greenwood, who had put up around 1,000 amendments in an attempt to stall the bill, raised a question about its constitutionality. The state constitution requires bills that create a new tax must originate in the House, but S.150 was a Senate bill. House Speaker Pro Tem Tommy Pope, R – York, ruled the bill was unconstitutional because of this and could not be further debated, killing it. An attempt to appeal Pope’s decision was voted down. Sen. Tom Davis, R – Beaufort, who has been pushing for this legislation for years, disagreed with Pope’s ruling, arguing the bill’s revenue-raising component was ancillary to its primary purpose, to establish a medical cannabis program in the state.
WCSC, Live 5 News, The Lowcountry’s News Leader – Live5News.com, 05/19/2022 20:00:00
Minnesota Senate shoots down latest marijuana legalization attempt
Minnesota lawmakers rejected an effort to bring a marijuana legalization bill to the Senate floor for consideration on Wednesday. The procedural vote ended with a 31-33 tally, with 41 needed to pass the motion. It failed to move forward by 10 votes. Out of the 33 votes, 31 were Republican, with three legislators from the party not voting. One vote to strike it down came from DFL Sen. Gregory Clausen and another came from Independent Sen. Thomas Bakk, who has been caucusing with the Republican Party since leaving the DFL. Last year, a bill to legalize adult-use recreational marijuana passed the Minnesota House of Representatives with a 72-61 vote. The vote marked the first time a legalization bill had reached the state House floor, but the effort’s companion bill died in the Republican-controlled Senate. Wednesday’s effort by the Senate DFL would have forced a debate and vote on a legalization bill that has been stalled in committee. “It’s something all Minnesotans are talking about, and they are speaking about it unequivocally — they are demanding we catch up with these other states and demanding we legalize cannabis now,” said DFL Sen. Aric Putnam.
Cannabis Business Executive – Cannabis and Marijuana industry news, 05/19/2022 08:15:00
Massachusetts House Passes Bill to Promote Diversity in State’s Cannabis Industry
Massachusetts lawmakers seem poised to tackle some of the cannabis industry’s biggest woes in this legislative session. The House voted 153-2 May 18 to pass a bill that would promote greater diversity in the market, increase oversight on the host community agreements that cannabis businesses must enter into with the state’s municipalities, and establish a regulatory framework for on-site cannabis consumption lounges, according to a GBH News report. “Since the passage of legal recreational cannabis, the creation and growth of the legal industry in the commonwealth has been, in most cases, a success, leading to hundreds of new businesses, thousands of new jobs, and the creation of new revenue streams for the commonwealth and its municipalities through this new and innovative industry,” Rep. Dan Donahue, D-Worcester, the House chair of the Cannabis Policy Committee and the bill’s sponsor, said, according to the news outlet. “It is, however, time to revisit the initial legislation to provide clarity on the intent of the legislation and to work to ensure we continue to remove barriers to entry into this unique industry for those communities who are so disproportionately harmed and impacted by the prohibition of marijuana.”
Posted Melissa Schiller, Cannabis Business Times, 05/19/2022 15:50:00
Proposal would shield Louisiana’s state employees who use medical marijuana
The House Committee on Labor and Industrial Relations unanimously advanced a bill Thursday that would protect Louisiana’s state employees who are legally treated with medical marijuana. House Bill 988, sponsored by Rep. Mandie Landry, D-New Orleans, protects state employees from negative consequences if they are diagnosed with a condition for which their doctor recommends medical marijuana that is used in accordance with state law. The law would protect employees from being fired and would protect prospective employees from being discriminated against for their use of medical marijuana. The bill would not apply to law enforcement, firefighters or other public safety officials. The Louisiana Board of Pharmacy reported that there are over 43,000 medical marijuana users in the state. The first medical marijuana dispensaries in the state began operating in 2019. “There are a lot of people who don’t want to take opioids for their long-term PTSD and pain management because of the high possibility of addiction to opioids,” Landry said. “This has proved to be a better option than them.” Rep. Larry Frieman, R-Abita Springs, raised concerns that the issue should be addressed by state agencies, not by the Legislature. Jacques Berry, communications director for the Louisiana Department of Administration,
420 Intel – Marijuana Industry News, 05/19/2022 20:00:00
Medical marijuana product sales up 1.1% in April
Medical marijuana patients spent $24 million in April at the state’s 38 dispensaries to obtain 4,213 pounds, up from the 4,166 pounds sold in March. Hot Springs is home to two of the top five dispensaries for the amount of product sold. Sales for the first four months of 2022 total $89.8 million, and 15,678 pounds, according to the Arkansas Department of Finance and Administration (DFA). “The amount of product sold increased slightly from March to April,” said DFA spokesman Scott Hardin. “On average, patients in Arkansas are spending $22.45 million each month across the state’s 38 dispensaries to purchase approximately 3,919 pounds. State tax collection on medical marijuana also increased in April with $2.98 million in total ($2.46 million collected in March).” The state also collects a cultivator privilege tax, which means tax revenue is not always tied to how much product is bought by consumers at dispensaries and the price for the product sold to dispensary customers. The Arkansas Department of Health reports 82,151 active patient cards, up from 81,901 noted in the March report on medical marijuana sales. Following are the top five dispensaries for products sold in April.
420 Intel – Marijuana Industry News, 05/19/2022 20:00:00
Open article: https://420intel.com/articles/2022/05/20/medical-marijuana-product-sales-11-april
Medical Marijuana Inc Reports 78 Million in Net Revenue
Medical Marijuana, Inc, the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today its financial results for the quarter ending March 31, 2022, and provided an overview of recent operational highlights. First Quarter 2022 Financial and Operational Highlights Generated $7.8 million in net revenue in the first quarter of 2022, a 24% increase when compared to the previous quarter; Net Cash Provided by Operating Activities was $.6 million, a substantial increase from the previous quarter; Gross profit for the period ending March 31, 2022, was $5.7 million with gross margins of 73%; Cash at the end of the period ending March 31, 2022, was $5 million; Medical Marijuana, Inc. international operations continued to experience revenue milestones with record-breaking revenues being reported in Japan and South Africa; The Company opened facilities in Warsaw and Hong Kong and held a product launch event in Prague; As a part of its strategic financial plan to reduce debt, the Company announced the satisfaction of two promissory notes equaling over $10 million.
Medical Marijuana, Inc., 05/19/2022 11:00:00
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DEA-Approved Cannabis Cultivator Debuts on NASDAQ
Bright Green Corp., a Florida-based cannabis company, made history last week by being the first “plant-touching” company to list its shares on a major securities exchange within the United States. The company, which boasts of being in possession of conditional...
Despite regulatory hurdles, these 4 US cannabis investors are planting seeds for tomorrow
Bearish markets and high interest rates often cause private investors to turn away from anything resembling a risky investment. Yet, now is a very apt time to take another look at the cannabis opportunity in the U.S. Quite a lot has changed since our previous U.S....
The Rapid Expansion of Michigan’s Cultivation Industry
Saturation, staying ahead and the wild card still out there As of January, only about 160 of Michigan’s 1,773 cities have formally approved the cultivation and sale of recreational marijuana, according to data from the state’s Marijuana Regulatory Agency . As a...
Location, Location, Location: Navigating Cannabis Real
Legalizing cannabis has created a land rush. The first step in any new cannabis market, or towards any commercial activity in cannabis, always begins with the question of where – the real estate. Finding a suitable property is probably the most difficult piece of...
Minnesota Bill To Clarify Legality Of CBD-Infused Hemp Foods And Drinks Heads To Governor’s Desk
A Minnesota bill that contains provisions to provide permanent protections allowing state hemp businesses to legally market certain cannabis products—including foods and beverages infused with CBD and other cannabinoids—is heading to the governor’s desk. While...
Rhode Island Marijuana Legalization Heads To Governor Following Senate And House Passage
The Rhode Island Senate approved a bill on Tuesday to legalize marijuana in the state, and a House of Representatives vote on an identical companion measure is expected imminently. Lawmakers in both chambers recently unveiled a revised version of the reform proposal...
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