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The Week in Weed: June 23, 2023

The Blunt Truth

Late last week, members of the state’s Medical Cannabis Commission voted to stay all proceedings, due to inconsistencies in the data used to score businesses for licenses. The Commission will work expeditiously to investigate and identify inconsistencies in the score data.

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Gut Feeling

Project CBD

Findings from another recent survey of New York and Minnesota medical cannabis dispensary patients were similar. The study was published in March 2023 in the International Journal of Environmental Research and Public Health. The study was published in March 2023 in the International Journal of Environmental Research and Public Health.

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Missouri Tops $1.3 Billion in First Year of Recreational Sales

Canna Law Blog

In fact, every month of the 2023 fiscal year topped $90 million in recreational sales. According to MJBizDaily data, Missouri outsold Maryland, Connecticut and even the chaotic and problem-laden New York cannabis industry. The billion-dollar figure alone is a financial wonder, as the total population of Missouri was only 6.1

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Weekly Cannabis Roundup November 5

Veriheal

New York Recreational Licenses Not Coming Until Spring 2023. The head of New York’s Cannabis Control Board, Tremaine Wright, announced during a symposium on Wednesday that state licenses for recreational dispensaries most likely will not be issued until spring 2023 at the earliest, according to WXXI.

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Illinois 2022 adult-use cannabis sales surpass 1.55B

Illinois News Joint

There are currently 113 adult use cannabis dispensaries in Illinois, including the first three social equity dispensaries that opened in 2022. In addition to three social equity adult use cannabis dispensaries that opened in 2022, 189 other conditional licensees are in the process of receiving full dispensary license from IDFPR.

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FinCEN Reports on Cannabis Banking and the SAFER Act

Veriheal

Every day, hundreds and thousands of people walk into cannabis dispensaries in legal states to purchase cannabis. Cannabis dispensaries and other cannabis-related businesses pay more taxes. These purchases have contributed to a large growth in the cannabis economy. However, change is coming.

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Ohio’s Recreational Cannabis Market Landscape and Projections

Veriheal

Ohio’s Cannabis Landscape: Current Status and Future Outlook Ohio’s medical marijuana program, first launched in 2016 , brought legal access to patients managing certain debilitating conditions, but it took three years for dispensaries to open up due to regulatory challenges. Variables abound, but the fiscal promise is clear.