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The Week in Weed: January 5, 2024

The Blunt Truth

Happy 2024 – let’s start the year off with a shout-out to Colorado, where the retail market is celebrating an anniversary. There’s an update on Alabama’s medical cannabis licensing program (meet the new year; same as the old year). The DEA is conducting a review of cannabis scheduling. million in taxes and fees.

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nuEra Cannabis becomes vertically integrated

Illinois News Joint

Ieso holds one of only 20 full-scale cultivation licenses in the state. As part of the acquisition process, nuEra has been working with the Ieso team to revamp cultivar selection, cultivation practices, and sales and marketing strategies at the facility since early 2023. NuEra closed on the acquisition of the Illinois brand Ieso.

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Trulieve Deposits Another $5 Million Into Florida 2024 Initiative Says Cannabis Business Times

Cannabis Law Report

Florida-based cannabis giant Trulieve recently doubled its contribution to the Smart & Safe Florida political committee with another $5 million toward a 2024 ballot initiative to legalize adult-use cannabis. 1, 2024, with election officials needing 30 days to check signatures before that deadline. 23 to circulate the petition.

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You Own a Cannabis Business? 6 Packaging Trends in 2024

The Joint Blog

As the year 2024 approaches, cannabis businesses must not only adapt to a new business landscape but also triumph over their competition. In 2024, sustainable packaging is not just a buzzword; it’s a business imperative. Personalized packaging goes beyond aesthetics; it cultivates brand loyalty and enhances recognition.

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There Are Now More Than 440,000 Jobs Supported By The American Cannabis Industry

Veriheal

Other states with new programs, such as Missouri, have added thousands of jobs in a relatively short time span. There are a few reasons attributed to these losses, ranging from an oversupply of marijuana products to less cannabis tourism and a decline in the novelty of purchasing marijuana in dispensaries.

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U.S. Cannabis Legalization Update: Who’s Still Waiting and Who May Legalize

Veriheal

It prohibits cannabis possession, use, purchase, sale, or cultivation, whether for recreation or medical purposes. Further, after several failed attempts to legalize medical cannabis, there’s is finally enough steam to put an initiative on the state’s 2024 ballot. Idaho Idaho is one of the staunchest anti-cannabis states.

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In Case You Missed It: Key Marijuana Law Developments in 2022

The Blunt Truth

Governor Kevin Stitt signed legislation enacting a moratorium on some new medical marijuana licenses, effective on August 1, 2022 and ending August 1, 2024. The moratorium extends to processing and issuing new licenses for: Dispensaries. Sets a date of July 1, 2024 for automatic expungement of cannabis possession convictions.

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