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Weekly Cannabis Roundup November 5

Veriheal

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. New York Recreational Licenses Not Coming Until Spring 2023.

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Cancer Patients Trade Opiates for Cannabis, Alcohol’s Popularity Drops Among Teens, and Colorado Announces New Regulations

Veriheal

This new stud y looked at insurance claim data from 2012-2017 for 38,189 individuals who had been diagnosed with cancer. Furthermore, states that legalized dispensaries along with medical cannabis saw a larger reduction than states that only legalized medical use. The study found that medical cannabis legalization led to a 5.5%

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Workers Comp In Colorado Cannabis Sector Is “Boring” Says Insurance Industry Specialist – No Excessive Claims, Industry Consistent With Others

Cannabis Law Report

Data on injured workers from the nation’s most mature adult-use cannabis market is pretty boring. No excessive claims resulting from injuries suffered by stoned forklift drivers, high cultivators, or even dispensary workers who were hurt during a robbery. A report in the Insurance Journal reveals that it’s all a bit dull!

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Columbia Care Completes Acquisition of CannAscend, Owner and Operator of Four Dispensaries Across Ohio

Cannabis Law Report

Combining CannAscend’s footprint with our state-of-the-art cultivation and production facilities and existing dispensary will have an immediate positive financial impact, and we look forward to continuing on the growth trajectory as one company. The purchase option agreement was first announced in 2018.

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Colorado Marijuana Outlets Sold $1.74 Billion in Marijuana Products in 2019

The Joint Blog

This marks a new state record: Marijuana has been legal in the state since 2012. This is all according to data released by the Colorado Department of Revenue, and first reported by Westword. In 2017, marijuana dispensaries in the state sold a little more than $1.5 According to High Times, the $1.74

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Massachusetts Adult-Use Cannabis Sales Eclipse $2 Billion

SpeedWeed

Less than three years after the first licensed recreational marijuana retailers began doing business in Massachusetts, regulated cannabis dispensaries have rung up more than $2 billion in adult-use cannabis sales, state officials announced on Wednesday. . Sales for all of the 2019 calendar year amounted to $444.9 View original article.

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Marijuana Legalization associated with Increase in Housing Values: Study

The Joint Blog

.” The study concludes by stating: “[The] results suggest that preferences for public services – derived from a new source of tax revenue – and dispensaries as a commercial amenity create largely positive effects following the legalization of recreational marijuana.” have legalized recreational marijuana since 2012.