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DeSantis' Medical Marijuana Stance Raises Doubts and Tax Burdens
cannabis3.97 min read

DeSantis' Medical Marijuana Stance Raises Doubts and Tax Burdens

2 years ago•Source: Marijuana Moment
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Ohioans Navigate Legalization of Recreational Marijuana and Cross-State Possession
cannabis
0.915 min•2 years ago

Ohioans Navigate Legalization of Recreational Marijuana and Cross-State Possession

The voter-approved recreational marijuana law in Ohio is unclear on how residents can obtain the product, despite being allowed to possess it in small amounts. The state has up to nine months to establish regulations for adult-use dispensaries, while individuals can grow their own marijuana. However, it will take several months to grow and harvest, leaving Ohioans uncertain about how to acquire marijuana in the meantime.

via cleveland.com

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cannabis2 years ago

N.Y. Cannabis Board Resolves Lawsuits, Clearing Path for Dispensary Openings

The New York State cannabis board has approved a settlement that resolves two lawsuits and ends a three-month freeze on recreational dispensary openings in the state. The settlement will salvage the interim licensing program, allowing 436 retail license holders caught up in the litigation to open shops and begin making deliveries. This includes 23 dispensaries that were ready to open before the stoppage. The settlement also limits avenues for future lawsuits against the program and paves the way for the issuance of additional licenses. Opening more dispensaries is crucial to alleviate the bottleneck that has left most of the state's cannabis stockpile unsold. However, concerns about potential future lawsuits remain.

via The New York Times|
#cannabis#cannabis-board#dispensaries
cannabis2 years ago

"The Impact of Green Wednesday on Cannabis Brands"

As Thanksgiving approaches, many people may be looking for ways to alleviate stress and anxiety during family gatherings. While marijuana sales are not legal in Indiana, residents can purchase cannabis products from out-of-state dispensaries. Terrabis, located in Grayville, Illinois, offers a variety of marijuana strains that can help make Thanksgiving a little easier. From strains that stimulate appetite for the big meal to those that provide relaxation for dealing with family, there are options for everyone. Additionally, there are strains for watching football, relieving soreness from backyard games, and even for shopping on Black Friday. Whether you're looking for stress relief or a good night's sleep, there's a strain to suit your needs.

via Courier & Press|
#black-friday-shopping#cannabis#family-gatherings
cannabis2 years ago

New York City's Legal Weed Shops: Sales Soar as Licensing Deadline Extended

The rollout of legal weed in New York has been plagued with delays and complications, with only 26 dispensaries, and just 11 in New York City, opening their doors so far, far fewer than the 150 that were supposed to be in place by this summer. The implementation of the law has been hindered by a complicated application process, delayed state-investment funds, and lawsuits. Additionally, a little-noticed provision requiring applicants to notify community boards about their proposed business location has overwhelmed the boards with applications to sift through in a month's time. These delays have left cultivators with unsold cannabis and allowed the black market to thrive, while concerns arise about the potential dominance of big retailers in the future.

via Curbed|
#cannabis#cannabis-industry#delays
cannabis2 years ago

Erin DuPree appointed as Minnesota's first cannabis director

Erin DuPree, founder of a hemp-derived cannabis business, has been appointed as the director of Minnesota's Office of Cannabis Management. Governor Tim Walz chose someone from the industry rather than someone with government experience. DuPree, an entrepreneur and small business owner, will oversee the implementation of Minnesota's adult-use cannabis market. She plans to sell her company and begin work next month. The new agency will have 150 employees and is expected to generate over $1 billion in sales. DuPree aims to have rules and regulations prepared for retail sales by spring 2025.

via MinnPost|
#cannabis#cannabis-industry#erin-dupree
cannabis2 years ago

August Cannabis Sales Soar, Setting New Records in New Mexico, Connecticut, and Maine

New Mexico set a new record for marijuana sales in August, with over $48 million in combined medical and adult-use cannabis purchases. The state's cannabis reporting portal shows $34.7 million in recreational marijuana sales and $13.5 million from medical cannabis. Since the launch of both programs, patients and adult consumers have made nearly $724 million in combined purchases. Other states, including Connecticut, Maine, Massachusetts, Maryland, Illinois, Michigan, and Missouri, have also experienced record-breaking surges in marijuana sales.

via Marijuana Moment|
#cannabis#cannabis-industry#legalization
cannabis2 years ago

"Missouri Company's Cannabis Recall Raises Questions About Health Risks and Testing"

A licensed Missouri manufacturer, Delta Extraction, is at the center of a cannabis recall after it was revealed that the company had been using concentrated THC oil made from industrial hemp instead of marijuana in its products. This "synthetic" THC, converted from hemp's CBD using a chemical process, is significantly cheaper to produce than marijuana THC concentrate. Business owners who partnered with Delta Extraction, including cannabis brand The Clear, were unaware of this and unknowingly deceived their customers. The recall has resulted in significant financial losses for these businesses, and litigation is ongoing. The case raises questions about the prevalence of overpriced hemp products being sold as Missouri-grown marijuana.

via Missouri Independent|
#cannabis#cannabis-industry#hemp
cannabis2 years ago

"Federal Health Agency Pushes for Marijuana Rescheduling, Sparks Hope for Legalization"

The Department of Health and Human Services (HHS) has recommended that cannabis be moved from Schedule I to Schedule III of the Controlled Substances Act, marking a historic acknowledgment that cannabis has been misclassified. While this recommendation does not immediately legalize marijuana or impact the cannabis industry significantly, it could lead to the elimination of the 280e tax code, which currently hinders profitability for cannabis businesses. This change may also attract new sources of capital and lending to the industry. Additionally, rescheduling could prompt the Toronto Stock Exchange and potentially other exchanges to accept U.S.-based cannabis companies. The HHS recommendation may also encourage Congress to take further action on cannabis reform. Overall, this announcement brings the United States closer to a post-prohibition reality.

via Forbes|
#280e-tax-code#cannabis#cannabis-industry
cannabis2 years ago

Minnesota Indian Tribe to Roll Out Cannabis 'Food Truck' for Statewide Expansion

The Red Lake Band of Chippewa Indians in Minnesota plans to launch a mobile dispensary, or "cannabis food truck," to expand its marijuana business across the state. The tribe currently operates one of the state's only adult-use marijuana shops and serves about 300 customers per day. The mobile dispensary will allow the tribe to set up shop anywhere on tribal land, providing more accessibility to consumers. This move comes as Minnesota is in the process of enacting regulations and licensing traditional retailers, which is expected to take at least another year. The Red Lake Nation's NativeCare retailer also plans to open two more shops in addition to the mobile service.

via Marijuana Moment|
#cannabis#cannabis-market#minnesota
cannabis2 years ago

Court Order Halts New York Cannabis Dispensary Openings

A court order has halted the opening of new cannabis dispensaries in New York, blocking the state's cannabis regulatory agencies from issuing new licenses and granting operational approval to those already licensed. The ruling comes in response to a lawsuit filed by a group of service-disabled veterans, who argued that a priority licensing program for entrepreneurs impacted by marijuana enforcement was unconstitutional. The program aimed to prioritize licenses for individuals with past cannabis convictions or immediate family members with convictions, as well as nonprofits serving formerly incarcerated populations. The court order has frustrated entrepreneurs, including veterans, who were supposed to receive priority licensing under the state's 2021 legalization law. A hearing in the case is scheduled for August 11th.

via POLITICO|
#cannabis#dispensaries#lawsuit
cannabis2 years ago

"Legal Cannabis Sparks Debate: Businesses and Law Enforcement Clash Over Permissible Sales"

Two days into the legalization of recreational marijuana in Minnesota, businesses and law enforcement are already clashing over what products can be sold. Faribault Police Chief John Sherwin seized nearly two dozen plants from a tobacco shop, arguing that they are "an instrument of a potential crime" despite not yet producing THC. Matt Little, the founder of a licensed hemp company, disagrees, stating that the plants are legal and contain no THC. The confusion stems from the lack of specific language in the new law regarding immature plants. Both sides are consulting with attorneys and prosecutors to determine the legality of the situation.

via KSTP|
#cannabis#cannabis-legalization#hemp