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Featured Articles
Maine: First Circuit poised to approve interstate cannabis investment
Courthouse News Service reports The First Circuit gave strong indications Thursday that it would strike down a Maine law that says only in-state residents can own for-profit medical marijuana dispensaries. Maine’s defense of the law hinges on marijuana’s continued...
Schumer Has Talked to Six GOP Senators About Bill
While speaking at a marijuana parade and rally in New York City last Saturday, Senate Majority Leader Chuck Schumer revealed that he had so far talked to half a dozen Republican senators about his upcoming federal legalization bill for marijuana. The annual NYC...
Illinois Cannabis Sales Resume Upward Trajectory
The recreational marijuana market in Illinois seems to be getting over the dip it experienced at the beginning of the year, state records show. According to figures released by the Department of Financial and Professional Regulation (IDFPR), a total of $132 million...
To Re-Legalize or Not to Re-Legalize: Nepal Will Soon Decide
The world is aflutter with changing cannabis regulations. The Americas are certainly pretty green, and Europe is opening up more and more as well, including legalization measures (or the direct plans for one) in Malta, and Switzerland, and tons more getting close,...
New York Lawmakers Approve Bill To Authorize Safe Drug Consumption Sites In Committee
A New York Assembly committee on Tuesday advanced a bill to establish a statewide safe consumption site program, allowing regulators to authorize facilities where people could use currently illicit drugs in a medically supervised environment. The legislation from...
Michigan Broke Marijuana Sales Record In April, State Data Shows
Michigan broke a marijuana sales record in April, with nearly $200 million in cannabis purchases, state data shows. The state saw about $168 million in recreational marijuana sales and $27 million for medical cannabis, for a total of nearly $195 million. Andrew...
Featured Articles
Marijuana legalization bills are released from House committees in Delaware
A renewed effort to legalize marijuana by separating proposed legislation takes its first step in the House – with two new bills released from committee. Legislation to legalize possession of one ounce or less of marijuana clears the House Health and Human Development Committee. The bill’s sponsor Ed Osienski explains what would be legal and remain illegal under the measure. “Legalizes the personal possession of an ounce or less, but it still is illegal to be under 21 in possession, possessing over an ounce, and it’s still illegal to drive impaired,” said Osienski. He notes it would also remain illegal to smoke in public. The legislation was released in a party-line vote with Democrats supporting, and Republicans either voting no or not voting. There was controversy as a vote to release was moved and seconded prior to public comment. GOP State Rep. Ruth Briggs King argued public comment was needed. Committee Chair David Bentz – after consulting House counsel – moved on without public comment -prompting most GOP members to walk out with one more bill on the agenda. Meanwhile, a second bill on regulating and taxing legal marijuana cleared the House Revenue and Finance Committee.
Cannabis Business Executive – Cannabis and Marijuana industry news, 04/14/2022 09:16:00
Timeline for marijuana legalization bill slips in Senate
Democratic senators leading a push to legalize marijuana say they are now on track to introduce legislation before recess in August, after initially announcing plans to file a comprehensive reform bill later this month. Senate Majority Leader Charles Scumer (D-N.Y.) – who is heading the effort along with Sens. Cory Booker (D-N.J.), Mark Warner (D-Va.), and Ron Wyden (D-Ore.) – said in a joint statement on Thursday that he’s proud of the progress senators have made in “bringing this vital bill closer to its official introduction” before the recess in early August. Schumer said the bill, dubbed the Cannabis Administration and Opportunity Act (CAOA), will remove “cannabis from the federal list of controlled substances, and “help repair our criminal justice system, ensure restorative justice, protect public health, and implement responsible taxes and regulations,” among other measures. The announcement comes after Schumer said weeks back that senators behind the effort aimed to bring a reform bill forward later this month. “We hope to do that towards the end of April,” Schumer said then. He also noted at the time that he has been reaching out to “a few Republicans to see what they want.”
Aris Folley, The Hill – covering Congress, Politics, Political Campaigns and Capitol Hill, 04/14/2022 18:41:00
New Jersey to start recreational marijuana sales April 21
Neighboring Pennsylvania has medical cannabis but not recreational. Some cities, including Philadelphia and Pittsburgh, have passed ordinances to decriminalize marijuana or make it a low law enforcement priority. Legislation to permit recreational marijuana in Delaware was defeated last month in the Legislature. Three of the seven New Jersey facilities, known as alternative treatment centers, are in the northern part of the state. Three are in the south, and one is in its central. To get approval, the centers agreed that the coming influx of recreational buyers won’t interrupt access for patients. The facilities said they would reserve parking spaces for patients as well as keep hours specifically for patients only. There are about 130,000 medical marijuana patients in the state, with an estimated roughly 800,000 potential recreational consumers, and fewer than 800,000 estimated “tourism” consumers, according to the commission. Ben Kovler, the CEO of Green Thumb Industries, which operates dispensaries in several states, is preparing for the start of recreational sales at facilities in Paterson and Bloomfield. Kovler said he expects a “tidal wave” of demand. “We are witnessing the end of prohibition 2.0,” he said in an emailed statement.
AJC.com: Atlanta Georgia News, AJC Sports, Atlanta Weather, 04/14/2022 17:47:00
South Dakota Marijuana Activists Issue ‘Yellow Alert’ For Signature Drive To Put Legalization On Ballot As Deadline Nears
South Dakota activists say they’re falling behind on signature gathering for a ballot initiative to legalize marijuana in the state—and they’re urging supporters to step up their efforts to secure the remaining signatures ahead of a looming turn-in deadline next month. South Dakotans for Better Marijuana Laws (SDBML) held a press conference on Wednesday to give a status update on the campaign and convey the urgency of collecting the remaining signatures to give voters a chance to decide on reform after the legislature failed to enact it this year. Matthew Schweich, campaign director of SDBML, said that the campaign’s conservative estimate of how many valid signatures they’ve currently processed is around 13,500. In order to qualify for the ballot, activists will need to submit 16,961 legitimate signatures from registered voters to the state by May 3. South Dakota voters already approved legalization during the 2020 election, but the reform was struck down by the state Supreme Court following a challenge from the governor’s office. Schweich said that the court ruling was an “injustice,” but “we can’t change that.” However, he said that “what we do have control over is getting on the ballot—so let’s go get on the ballot.”
Kyle Jaeger, Marijuana Moment, 04/13/2022 15:14:00
Pennsylvania Senate Approves Marijuana Banking Bill, Sending It To The House
The Pennsylvania Senate on Wednesday approved a bill to safeguard banks and insurers against being penalized by state regulators for working with state-legal medical marijuana businesses. The bipartisan legislation from Sens. John DiSanto (R) and Sharif Street (D) moved through two committees in recent days before being taken up on the floor and passing in a 46-3 vote. It now heads to the House. This effort is yet another example of how states are working to provide financial protections to institutions that are willing to service the cannabis market as Congress continues to stall on a federal fix. “Federal prohibition has forced the cannabis industry to deal with cash, as proceeds may be considered a federal crime,” DiSanto said on the floor on Wednesday, adding that the cash-intensive nature of the existing marketplace “makes dispensaries a target for armed robbery.” “Improved access to financial services will reduce this public safety risk,” he said. “Banking this cash in Pennsylvania will grow our economy and lower costs for medical patients.”
Kyle Jaeger, Marijuana Moment, 04/13/2022 12:54:00
Delaware House Committees Approve Complementary Marijuana Legalization And Regulations Bills
A pair of complementary bills to legalize marijuana and set up regulations for cannabis commerce in Delaware were approved in separate House committees on Wednesday. Rep. Ed Osienski (D), the sponsor of both measures, previously tried to pass a comprehensive bill that would have accomplished both goals at once, but it failed to receive the required three-fifths supermajority vote on the floor last month. Rather than throw in the towel, the lawmaker devised a two-track approach to reform by introducing one basic legalization bill that would allow adults 21 and older to possess and share up to an ounce of cannabis and another that lays out a specific regulatory framework for an adult-use market. The former bill would only require a simple majority to pass, and so if that measure is enacted, the thinking is that it would put “extra pressure” on lawmakers to advance the complementary legislation with a supermajority, rather than have legalization without regulations in place, Osienski said earlier this month. So far, things are going according to plan. The simple legalization bill, HB 371, passed the House Health & Human Development Committee.
Kyle Jaeger, Marijuana Moment, 04/13/2022 15:30:00
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From Sheet Metal to Beef, Cannabis Draws Diverse Lobbying Interests
It would be a mistake to think that the shifting cannabis landscape has implications for the cannabis industry alone. Certain ripple effects are obvious. Insurance, law, and banking entities have for years lobbied on cannabis-related issues, as Cannabis Wire has...
How States are Using their Marijuana Tax Money
Reddit Email 0 Shares There are now eighteen states (plus the District of Columbia) that have legalized recreational marijuana. With weed sales reaching $25 billion in 2021 and that number only expected to grow, the sales tax revenue from the product is starting to...
Navisite is expanding into cannabis industry, will enhance SAP services for various aspects of industry
Navisite, a managed cloud service provider that renders integrated business management computer systems designed to model and automate the different areas of a company and the administration of its resources (SAP services), announced Tuesday that it is expanding its...
Cannabis crime wave boosts banking prospects on Capitol Hill
All three men were shot during confirmed or suspected robberies of cannabis shops. Industry officials and state lawmakers say crimes against those businesses have increased in recent years due to the large amount of cash they are often required to keep on hand since...
IRS Official Addresses Marijuana Industry’s Financial Challenges And Congressional Solutions
The Internal Revenue Service’s (IRS) Taxpayer Advocate is reminding people of the unique financial challenges that state-legal marijuana businesses face under federal prohibition. In a blog post published on Tuesday, the independent agency under IRS explained that...
Another Financial Association Pushes Senate To Pass Marijuana Banking Reform
Another financial association is imploring Senate leadership to pass a bipartisan bill to safeguard banks that work with state-legal marijuana businesses. The Independent Community Bankers of America (ICBA), which represents about 50,000 community banks throughout the...
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