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Featured Articles
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...
Featured Articles
Illinois Officials Say Cannabis Sales Recovered to $131 Million in March
A report released earlier this week by the Department of Financial and Professional Regulation in the state of Illinois shows that the state recorded about $131 million in legal recreational marijuana purchases in March. The state broke its annual record for marijuana sales last year, with more than $1.4 billion in cannabis being sold. However, cannabis product purchases were reduced during the first two months of this year. This new figure makes this the state’s second-highest recorded sales for adult-use cannabis since the industry’s opening in 2020. In the report, the department stated that last month, about $90.3 million in adult-use marijuana sales was generated from consumers who are also residents in the state, with roughly $40.7 million coming from nonresidents. It should be noted that these totals don’t include the sale of medical marijuana products because they are reported by another state agency. State data shows that last year, Illinois generated roughly $100 million more in tax revenue from the sale of adult-use cannabis than it did from alcohol.
CannabisNewsWire, 04/12/2022 16:20:00
Seven In Ten North Carolina Voters Back Medical Marijuana Legalization As Senate Reform Bill Remains Stalled
About seven out of 10 North Carolina voters support legalizing medical marijuana, and a plurality favors letting adults access cannabis for recreational use, according to a new poll. The survey from WNCT, The Hill, and Emerson College found that 68 percent of voters believe marijuana should be legalized for medical purposes—a finding that comes as lawmakers have stalled on a Senate reform bill that cleared three committees last year. Only 19 percent of respondents said they were against medical cannabis legalization. With respect to adult-use marijuana policy, voters are largely divided, with 48 percent in favor of the broader reform and 43 percent against it. That’s a slight drop from the last time the survey put that question to voters. But as election seasons near, it stands to reason that more lawmakers might take special notice of the poll’s results on medical cannabis.
Kyle Jaeger, Marijuana Moment, 04/12/2022 08:42:00
Ohio Voters Will Need To Decide On Marijuana Legalization At Ballot As Legislature Stalls, Pro-Reform GOP Lawmaker Says
If Ohio is going to legalize marijuana this year, it’s probably going to need to happen on the ballot, a GOP state lawmaker who is cosponsoring a legalization bill said last week. At an event hosted by Ohio State University on Thursday, Rep. Ron Ferguson (R) expressed disappointment that the Republican-controlled legislature has declined to take action on cannabis reform and instead seems positioned to leave the issue up to voters if activists collect enough signatures to qualify their legalization measure for the November ballot. Ferguson said he would “like to see us have a legislative solution” and “really get accomplished within the statehouse”—but it’s apparent that leadership isn’t going to move on the issue, even after advocates turned in enough valid signatures earlier this year to trigger a legislative review of legalization. “I’m fearful that the folks in the statehouse are looking at more of a five-year-and-beyond plan,” the lawmaker said, adding that if Ohio is going to see a policy change enacted in the near future, it will likely come in November if the Coalition to Regulate Marijuana Like Alcohol (CTRMLA) ballot campaign is successful.
Kyle Jaeger, Marijuana Moment, 04/12/2022 10:17:00
Illinois Bill To Close Marijuana Expungement ‘Loophole’ Heads To Governor, While Workplace Protection Measure Stalls
Illinois lawmakers have sent a bill to the governor that would make it so courts cannot deny petitions to expunge or seal records based on a positive drug test for marijuana. However, a separate House-passed bill concerning workplace protections for employees who use cannabis off-the-job stalled in the Senate before the chamber adjourned for the session. The bill sent to Gov. J.B. Pritzker (D) last week would revise the state’s Criminal Identification Act to stipulate that courts “shall not deny a petition for expungement or sealing because the petitioner has submitted a drug test taken within 30 days before the filing of the petition for expungement or sealing that indicates a positive test for the presence of cannabis within the petitioner’s body,” a synopsis says. Rep. Carol Ammons (D), the bill’s sponsor, said the measure closes an “existing loophole” that could inadvertently impact people who are eligible for relief following the legalization of marijuana for adult use in 2020.
Kyle Jaeger, Marijuana Moment, 04/12/2022 15:20:00
Majority Of Europeans Support Marijuana Legalization, New International Poll Finds
Support for marijuana legalization in the U.S. has been consistently climbing as more states move to end prohibition—and a new, landmark survey out of Europe shows similar majority support for regulating cannabis in several major countries in the region. The poll from the London-based Hanway Associates, which was sponsored in part by the cannabis company Curaleaf International, looked at eight different European countries, asking residents whether they favor legalizing and regulating marijuana for adults over 18 years old. The survey directed questions to residents in France, Germany, Italy, the Netherlands, Portugal, Spain, Switzerland, and the United Kingdom. There was outright majority support for legalization in each of those countries, except the Netherlands, where a plurality of respondents backed the reform. On average across the eight countries, 55 percent said they support legalizing adult-use cannabis, while 25 percent said they oppose it. Eighteen percent said that they weren’t sure. “We see this polling as significant because it suggests that widespread cannabis reform in Europe is now simply a question of when and how, rather than an ‘if,’” Hanway Associates’ Charlotte Bowyer, a co-author of the report, told Marijuana Moment.
Noah Daly, Marijuana Moment, 04/13/2022 08:54:00
Wisconsin Senator Says Republicans Are All Talk And No Action On Medical Marijuana Reform
“I am disappointed by my Republican colleagues’ constant refusal to do the right thing and listen to Wisconsinites when it comes to the issue of cannabis legalization,” said Sen. Melissa Agard. By Nina Zdinjak Wisconsin State Senate Committee on Insurance, Licensing and Forestry will hold a public hearing on a medical marijuana bill (Senate Bill 1034) on April 20. Sponsors say the fact that the hearing is scheduled on the popular 4/20 cannabis holiday is a coincidence. Senator Melissa Agard (D-Madison) responded to the hearing notice, saying that the Wisconsin residents are ready for cannabis reform, reports Wispolitics. “It is supported by the majority of the residents of our state, including a majority of Republicans,” Agard said. “While I’m encouraged people will have the ability to come to testify at a public hearing, it is disappointing that we had 15 months of the session in which we could have rolled up our sleeves and worked in a bipartisan manner on this important and complex policy.
Benzinga Staff Writer, The Fresh Toast, 04/12/2022 12:27:00
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Working In Canada’s Marijuana Industry Does Not Make People Inadmissible To U.S., Border Patrol Document Confirms
Simply working in Canada’s marijuana industry does not automatically render a person ineligible for admission to the U.S., a recently disclosed document from Customs and Border Protection (CBP) says. That directly contradicts what top officials with the agency told...
Marijuana measures on the ballot across Montana
One in four Montana counties will vote on some form of a marijuana-related ballot measure in next month’s primary election as the industry continues to take root across the state. Most of those 14 counties are looking to cash in on the new industry. Twelve counties,...
Austin, Texas Votes to Decriminalize Cannabis
Voters in Austin, Texas approved a measure on May 7 that outlaws the enforcement of low-level cannabis possession crimes, as well as no-knock warrants, according to a local KVUE report. The ballot initiative, put forth by Ground Game Texas, read: “Shall an...
Georgia Regulators Move to Expedite Hearings on Medical Cannabis Licensing Protests
Georgia regulators took steps last week to expedite hearings on medical cannabis licensing protests after legislation to revive the state’s stalled medical cannabis program died at the end of this year’s legislative session. The Georgia Access to Medical Cannabis...
Missouri PAC Submits Twice the Signatures Needed for Cannabis Measure
Missourians in all likelihood will hold the key to adult-use cannabis legalization in the November 2022 election after activists submitted more than double the required signatures to the Secretary of State’s Office. While Legal Missouri 2022, a registered political...
Wisconsin Governor pardons several with cannabis convictions
Tony Evers, the first-term Democrat, has been a vocal supporter of bringing cannabis legalization to Wisconsin. Wisconsin Gov. Tony Evers on Friday announced dozens of new pardons, including nine for individuals previously convicted for cannabis-related offenses....
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