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Texas has one such cannabis program in flux, with a new bill being introduced that may change the legality of recreationalmarijuana within the state. The Current Status Of The Texas Cannabis Program Currently, recreationalmarijuana is not legal in Texas. Marijuana is, however, permissible for some medical uses in Texas.
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 marijuanabusinesses face a web of conflicting regulations.
"I'm calling on the legislature to to legalize recreationalmarijuana, with the revenue going to: small business grant funding [and] restorative justice programs.".
In the first in what are anticipated to be multiple Congressional hearings to address the federal prohibition and criminalization of marijuana, the House Financial Services Committee has scheduled to convene a markup on The Safe Banking Act, HR 1595 on Tuesday, March 26th. With 97.7% of the U.S.
Speaker: Jonathan Bench, International Cannabis and Securities Business Attorney at Harris Bricken
Today, many opportunities exist for individuals and businesses that want to engage in the industry. Some want to directly own licensed businesses, while others prefer to keep the industry at an arm’s length and merely profit from it. 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. What does rescheduling cannabis mean for medical cannabis patients?
A federal judge on Wednesday halted the city of Detroit from processing recreationalmarijuanabusiness applications. Michigan Advance reports. … Read More.
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 legal recreationalmarijuana markets? in recent years. Passions run deep on both sides.
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.
Last night, Ohio voters overwhelmingly passed Issue 2 officially legalizing recreational cannabis. This makes Ohio the 24th state to legalize recreational use. Ohioans are being extremely clear on the future they want for our state: adult-use marijuana legal and regulated.” ounces of cannabis and 15 grams of extracts.
AUGUSTA — A majority of city councilors want the city to allow recreationalmarijuana sales and other recreational cannabis-related businesses to operate in Augusta, where. Read More
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. Muñoz, in his youth, had been arrested for possession of marijuana.
PATERSON — Mayor Andre Sayegh has vetoed the City Council’s ban on recreationalmarijuanabusinesses, saying he does not want Paterson to fall behind other municipalities in the race to cash in on legalized cannabis. “We North Jersey.com reports. He put the city in jeopardy,” said Councilman Luis Velez.
References to street or slang terms for marijuana, hemp, or their intoxicating effects. New recreationalmarijuana legalization initiative A new initiative , sponsored by Smart & Safe Florida , aims to legalize recreationalmarijuana for adults 21 and older, allowing possession, purchase, and use for non-medical purposes.
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.
With 19 states currently selling recreational cannabis, it may be tempting to forgo a medical card, even if you qualify as a patient. While recreationalmarijuana 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.
He is known throughout the cannabis community for his requested “Committee Report on Marijuana.” The state legalized recreational-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 legal businesses begin opening their doors.
The proposed bill, which prompts legislators to regulate adult-use (recreational) cannabis in the same way as alcohol, must now be considered by legislative members before undergoing a ballot vote in November. The Coalition to Regulate Marijuana Like Alcohol (CRMLA) issued an official news release on the subject. On Wednesday, Feb.
states — Minnesota, Ohio, Oklahoma, and Pennsylvania — stand a good chance at legalizing recreational cannabis this year. Marijuana laws are rapidly evolving across all 50 U.S. states, the District of Columbia, and Puerto Rico have enacted legal medical marijuana programs. As of February 2023, 41 U.S. Additionally, 23 U.S.
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. Continue reading Recreational cannabis brings in more than $300 million in its first year at NM Political Report. Michelle Lujan Grisham announced Monday, a few days after the anniversary of legalized cannabis sales.
Business and license transactions have been terminated or renegotiated and would-be licensees have invested significant funds into new businesses expecting their new applications to be processed. We have even talked to license and business brokers who are no longer taking new listings because “licensing has fully reopened.”.
Some South Dakota lawmakers plan to visit marijuanabusinesses 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. More at [link].
Removal of any unnecessary international banking/travel barriers for legal business and cannabis entrepreneurs. NORML Canada proudly welcomes our sister chapter to the South – NORML Michigan, to share insights on Michigan’s newly passed legal recreational cannabis bill. 4) US relations – border & banking.
Indy White is with Purlife, an Albuquerque-based medical marijuana dispensary now gearing up to serve the recreational market. Commercial recreational applications opened last Wednesday and, already, the New Mexico Licensing and Regulation Department is seeing big demand. “You Absolutely.
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.
The November 2020 election was a great win for advocates for cannabis legal reform , with four states voting to legalize recreational cannabis, joining the 11 other states that have decriminalized recreational cannabis use. ” What Federal Law Says. . § Emphasis added by Veriheal. .
On May 30, 2023, Governor Tim Walz signed legislation to legalize recreational 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.
On Wednesday, Governor Andrew Cuomo signed a bill to legalize recreational cannabis in New York State. Effective immediately, smoking recreational cannabis is now to be lawfully treated with the same approach as cigarettes. Law enforcement has been given new orders on how to respond to cannabis use and for the cannabis community.
New laws expanding the medical marijuana program in Louisiana went into effect on August 1. The state’s medical marijuana program has been criticized for being too limited and too restrictive since the program was established in 2016, but the three laws that went into effect on Saturday aim to improve the situation. House Bill 819.
In 2014, Governor Jay Nixon signed the Missouri Medical Marijuana Bill, making it possible for CBD to be used as medicine for seizures. In 2018, Amendment 2 was passed, making medical marijuana in the state completely legal. Is medical marijuana being sold in Missouri yet? How many dispensaries are licensed in Missouri?
As a miami cannabis doctor practicing here in South Florida, I get asked about Florida’s medical marijuana laws almost daily. I know that sounds like a lot of numbers, but trust me – these limits work for most patients’ medical needs, according to current Florida medical marijuana regulations. The good news?
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
A Kansas medical cannabis bill fell short, a new study broke down TikTok cannabis content by the numbers, and Rhode Island legalized recreational cannabis. Rhode Island Legalizes Recreational Cannabis. Rhode Island (RI) made history on Wednesday when its Governor Dan McKee officially signed recreational cannabis into law.
Currently, almost none of the businesses operating in the cannabis space can legally obtain a bank account, process a credit card, or take a standard business deduction on their federal taxes. “And when these businesses are forced to operate exclusively in cash, they create serious public safety concerns.”
Interesting read… There are new waters to navigate in the state of Connecticut—legalized recreational use of marijuana and the workplace. . Connecticut is the 19th state to legalize marijuana, permitting the use and possession of marijuana in certain amounts for those aged 21 or older. Exempt Employers.
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 legal businesses that need utilities.
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.
The Decline of Medical Marijuana in Massachusetts: What It Means for Patients In recent years, Massachusetts, once a pioneer in cannabis reform, has seen its medical marijuana program gradually overshadowed by the booming recreational market. Let’s explore how this shift occurred and its implications for patients.
WAPAKONETA — The Wapakoneta Area Chamber of Commerce will host a forum discussing recreationalmarijuana for members. According to a recent press release, the forum will inform businesses about the topic and other new legislation that may affect their company. Faulkner, Garmhausen, Keister & Shenk law firm will be present.
In April 2023, Delaware became the 22nd state to legalize recreational cannabis with the passing of HB 1 and HB 2. Another new proposal, and an innovative one, would allow patients over 65 years old to self-certify for medicinal marijuana without the recommendation of a physician.
Madeline Martinez is the executive director of Oregon NORML and the only Latina member of the board of directors of the National Organization for the Reform of Marijuana Laws (NORML). Summary of language: Tax Revenues: Redistribute recreational cannabis taxes in a way that promotes the social justice goals of cannabis legalization.
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. Generally, the mere presence of marijuana in a person’s system may not be used as basis of termination or other disciplinary action.
Marijuana laws throughout the United States have changed drastically in recent years, and this includes major changes to the state of Arizona and the leadership’s attitude toward cannabis. The AZ Cannabis 2020 movement is centered on the new marijuana legalization ballot up for votes this year.
On March 31, 2021, New York legalized the recreational use of cannabis, enacting “ The Marijuana Regulation and Taxation Act.”. This new law legalizes personal possession of cannabis, home cultivation of cannabis, and allows for the expungement of certain marijuana convictions.
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