This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Texas has one such cannabis program in flux, with a new bill being introduced that may change the legality of recreational marijuana within the state. What is the current legal status of cannabis in Texas, and what potential changes are on the horizon? Well examine these questions to get a holistic view of the situation.
"I'm calling on the legislature to to legalizerecreational marijuana, with the revenue going to: small business grant funding [and] restorative justice programs.".
Imagine operating a business without a bank account. Imagine being forbidden from letting your customers pay for purchases with a credit card, or being able to ask a bank for a small business loan. Currently, state-licensed marijuana businesses face a web of conflicting regulations.
NORML Canada launches official Post-Legalization platform to focus advocacy efforts on reforming Canada’s legal Cannabis system. Our goal is to ensure consumers have ease of access to legal cannabis products, access to medical dispensaries, access to world-class product options, as well as access to affordable legal options.
Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken
cannabis industry is still in its infancy, even though states began engaging with legalization in one form or another in the late 1990s. Today, many opportunities exist for individuals and businesses that want to engage in the industry. The ancillary businesses surrounding these industries where people and businesses are profiting.
Potential implications of rescheduling cannabis It’s important to keep in mind that rescheduling does not legalize cannabis outright for recreational use. Rescheduling would stand to have the largest impact on cannabis research and business taxes.
Last night, Ohio voters overwhelmingly passed Issue 2 officially legalizingrecreational cannabis. This makes Ohio the 24th state to legalizerecreational use. of Ohioans wanted legalization. Legalization was initially scheduled for the state’s 2022 ballot. ounces of cannabis and 15 grams of extracts.
The German federal government may only have legalized cannabis for medical purposes back in 2017, but the market has already earned enough appeal for big-name players to get involved. Now, as the country contemplates adult-use cannabis legalization , all eyes are on Deutschland. German Cannabis Startups Generate Funding . Numerous U.S.
Chief Petitioners Madeline Martinez, Leia Flynn, and Angela Bacca filed a ballot measure to be known as “The Legalization Justice Act of 2020” at the Oregon State Capitol on Monday, March 18. The OJL seeks to right these wrongs as well as provide a model for other states to implement a more just version of cannabis legalization.
When it comes to any hot-button issue like cannabis legalization, there are always two sides, often without much middle ground. For those looking through a pro-legalization lens, efforts to continue federal prohibition and bar states from legalizing should be a thing of the past. Current Anti-Legalization Efforts in the U.S.
As debates heat up over recreational cannabis, all eyes turn to Ohio and its potential legalization. Ohio, often viewed as a bellwether state, now faces a defining question: Will it join the growing roster of states opting to launch legalrecreational marijuana markets? in recent years. Passions run deep on both sides.
states — Minnesota, Ohio, Oklahoma, and Pennsylvania — stand a good chance at legalizingrecreational cannabis this year. states, the District of Columbia, and Puerto Rico have enacted legal medical marijuana programs. Let’s take a closer look at the landscape of legal cannabis across the U.S. As of February 2023, 41 U.S.
Legal Status & Industry Overview 1. Is cannabis legal for business purposes in Australia? Cannabis businesses must comply with several laws, including: Narcotic Drugs Act 1967 regulates cannabis cultivation and manufacture for medicinal or scientific purposes. Cannabis Business Licensing & Compliance 6.
A Kansas medical cannabis bill fell short, a new study broke down TikTok cannabis content by the numbers, and Rhode Island legalizedrecreational cannabis. Rhode Island LegalizesRecreational Cannabis. Rhode Island (RI) made history on Wednesday when its Governor Dan McKee officially signed recreational cannabis into law.
In response to the recent legalization of medical cannabis in the state of Mississippi, the TVA released a public statement pertaining to its federal obligations, suggesting that it would be withholding services from any cannabis-related business. TVA should not discriminate against legalbusinesses that need utilities.
AOC and others have called on President Biden to make good on his promise of cannabis reform, New Mexico has gotten its recreational market up and running with a batch of new licenses, and California cannabis businesses wrote to Gov. The state is planning to license more cannabis businesses in the coming weeks.
A cannabis legalization campaign in Ohio has managed to attract enough signatures to qualify for review by the state’s legislature. 28 that Ohio’s cannabis legalization initiative had gained an adequate number of signatures to forcibly stimulate contemplation by lawmakers. The CRMLA’s Initial Attempt at Legalization in Ohio.
The NM Political Report | Medical Cannabis Program
APRIL 3, 2023
The state’s recreational cannabis program brought in $300 million in adult-use cannabis sales in its first year, Gov. Michelle Lujan Grisham announced Monday, a few days after the anniversary of legalized cannabis sales. “In
The state legalizedrecreational-use cannabis last year and is gearing up to launch sales in the coming months. The city’s illicit market is likely to dwindle soon, though, as legalbusinesses begin opening their doors. Make sure to follow Veriheal for more updates on New York’s upcoming recreational launch.
HB 2050 would create a permitting process for growers, processors and dispensaries in addition to a 10% wholesale tax on business-to-business transactions. Business Licensing and Fees. Renewal fees would be based on gross revenue, meaning companies bringing in the most money would pay the highest renewal fees.
The Illinois Department of Financial and Professional Regulation (IDFPR) and the Pritzker Administration today announced recreational cannabis sales. finished as the second-highest monthly total since legalization, only trailing December 2023 totals of $153,936,703.20. The December 2024 totals of $153,249,701.54
Rather than a ballot initiative , Connecticut, New Mexico, New York, and Virginia legalized the plant for adult-use purposes via a legislative process. They follow in the footsteps of Vermont, which became the first legislative-driven legal cannabis state back in 2018. Legal Cannabis Business Framework .
Thousands of state-licensed and regulated businesses lack access to the banking industry and are unable to accept credit cards, deposit revenues, or write checks to meet payroll or pay taxes because federal law discourages financial institutions from engaging in such partnerships. With 97.7% of the U.S.
According to Swissinfo , a survey found that most Swiss people support the legalization of cannabis as long as there are sufficient and effective rules to protect minors. Most of the survey’s 3,166 adult participants are not only okay with legalization but also support conducting pilot tests to explore controlled distribution.
On May 30, 2023, Governor Tim Walz signed legislation to legalizerecreational use of marijuana for persons 21 years of age and older. The bill legalizes the production and sale of marijuana flower concentrates, topical and edible products, immature cannabis plants and seeds, and hemp-derived THC products.
As the fight for legalization continues across the nation, more and more entrepreneurs are jumping for a spot in the flourishing industry. Current statistics from the Anthenum Collective show that more than 67% of Americans believe cannabis should be legal, and legal cannabis sales are expected to achieve a value of $73.6
BDSA’s latest report suggests that recreational cannabis access affects longer standing medical market. But is recreational access a benefit or hinderance on medical cannabis? The post How recreational access affects medical cannabis according to BDSA appeared first on Cannabis | Weed | Marijuana | News.
Individuals who manage to bag one of the highly sought-after licenses will have the opportunity to open a business without worrying about the monetary aspect. Based on estimates, the newly legal cannabis industry in New York could generate revenue upwards of $4.2 The state also intends on developing a state-operated business incubator.
Some South Dakota lawmakers plan to visit marijuana businesses in other states and on tribal lands to get a firsthand look at how the drug is grown and sold before it becomes legal for medical use in the state. The Intelligencer reports.
PATERSON — Mayor Andre Sayegh has vetoed the City Council’s ban on recreational marijuana businesses, saying he does not want Paterson to fall behind other municipalities in the race to cash in on legalized cannabis. “We He put the city in jeopardy,” said Councilman Luis Velez. Now the state can do whatever it wants.”.
With 19 states currently selling recreational cannabis, it may be tempting to forgo a medical card, even if you qualify as a patient. While recreational marijuana is accessible in many states for those of age, there are still some benefits to having a medical marijuana card and purchasing medical marijuana instead of recreational pot.
New recreational marijuana legalization initiative A new initiative , sponsored by Smart & Safe Florida , aims to legalizerecreational marijuana for adults 21 and older, allowing possession, purchase, and use for non-medical purposes.
With skyrocketing demand for cannabis, it’s your time to start your cannabis business and have a booming success. Are you interested in launching a cannabis-related business? The business is flourishing, and as this industry continues to develop rapidly, there’s a lot of money to be made. Unique Brand Value.
A recent study conducted by the National Association of Realtors said 50% of leasing professionals found it wasn’t hard to re-lease a property after tenants smoked cannabis indoors, and the organization “does not have a position on cannabis legalization.”. Legal cannabis raises home value. Key Findings. The seven states (plus D.C.)
If the Clark County Council moves forward and lifts its ban on recreational cannabis businesses in unincorporated areas, it’s expected to generate hundreds of thousands of dollars in additional revenue from taxes on the drug. million in taxes and fees were collected from cannabis businesses for fiscal year 2018, up from the $319.1
consumers and businesses, inflation dominates current news headlines because of how much it affects every one of our wallets. Since COVID-19 rocked the economy, cannabis businesses and supply chains claim to have been playing catch-up to get back to business as usual. As perhaps one of the most talked-about topics for U.S.
In April 2023, Delaware became the 22nd state to legalizerecreational cannabis with the passing of HB 1 and HB 2. ” Licenses for recreational dispensaries will begin going out in September of this year, so businesses should be opening in 2025.
Not even a month after legalizingrecreational cannabis, New York looks posed to legalize psychedelics in 2023. The legislation, which three Assembly Members will introduce, will legalize psilocybin, DMT, LSD, and ibogaine for adults over 21 years old. Didn’t New York Just Legalize Cannabis? […].
A legislative committee voted vigorously in opposition to medical cannabis legalization in North Carolina six years ago, but things have changed a lot since then. In a groundbreaking moment on Tuesday, August 24, North Carolina Senate committee voted in approval of a revised bill to legalize medical cannabis statewide.
As the tentacles of the federal policy of cannabis prohibition run deep into nearly every sector of American public policy, a new voice emerged to call for clarity regarding state-legal cannabis marketplaces: Federal Reserve Chair Jerome Powell. Cannabis businesses ought to be held to the same standards as other commercial enterprises.
If you live in or around DC, you may have noticed some recent changes to the business landscapespecifically if you enjoy cannabis. There has been a sequence of closures of cannabis businesses over the past year, which potentially means less access to cannabis as well as changes to the cannabis industry. Wondering why?
Germany’s likely next ruling coalition is closing in on a deal to legalize cannabis for recreational use, the strongest signal yet that long-awaited growth of Europe’s marijuana market is gaining traction. An agreement on its legalization wouldn’t be overly surprising.
Some cannabis dispensaries across the United States are struggling to stay in business. Jim Abeler revealed his confusion about the legislation following the vote on it, stating that he “thought the provision would only legalize Delta-8 THC products, which were already widely sold in Minnesota.”
What are Germany’s legalization plans? Do they still plan on legalizing cannabis despite the obstacles ahead of them? There is uncertainty regarding natural gas supplies and European member state rules that forbid the importation of recreational cannabis. Nevertheless, Germany has committed to its legalization plans.
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content