article thumbnail

Quick Guide to Cannabis Business Opportunities

Canna Law Blog

Although cannabis remains illegal at the federal level, many states and municipalities have loosened their regulations. As of early 2023, 37 states have approved medical cannabis use by qualified individuals, and 21 states have approved it for recreational use. The edible market alone is projected to grow by $25.27

article thumbnail

NM judge rules patient cannabis purchase limits consistent with state law

Cannabis Law Report

17 December… A New Mexico state judge ruled on Thursday that medical cannabis patients cannot purchase the same amount as non-patients when recreational-use sales begin. The new law also limits personal possession to two ounces, but there is no limit on the amount of cannabis stored at a person’s home.

Patients 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

City of Cambridge Eliminates Local Tax on Recreational Cannabis

Cannabis Law Report

The Cambridge City Council unanimously passed a policy order repealing a three percent “Community Impact Fee” tax on recreational marijuana in a meeting Monday evening. The city’s first recreational dispensary, Yamba Market, will open to the public next week. percent state sales tax. percent excise tax and a 6.25

article thumbnail

LexBlog Article: New York Cannabis: Lawyers Can Consume, Advise Businesses and Own Them (if They Dare)

Cannabis Law Report

In short, the NYSBA now expressly permits lawyers to represent clients in New York’s recreational cannabis industry. d) which prohibits assisting clients to violate the law, adopted its prior opinion with respect to New York medical cannabis legislation to the recreational cannabis industry.

Business 105
article thumbnail

New York: Legalized Recreational Use of Cannabis & New Protections for Employees

The Blunt Truth

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.

article thumbnail

NM: City of Albuquerque adjusting ordinances for recreational cannabis

Cannabis Law Report

With recreational cannabis now in New Mexico, cities across the state are adjusting their local laws, including in Albuquerque. The city is working on amending or repealing current ordinances that criminalize marijuana now that recreational cannabis is legal. It’s not necessary for us to do that. Source: [link].

article thumbnail

NM judge rules patient cannabis purchase limits consistent with state law

The NM Political Report | Medical Cannabis Program

A New Mexico state judge ruled on Thursday that medical cannabis patients cannot purchase the same amount as non-patients when recreational-use sales begin. The new law also limits personal possession to two ounces, but there is no limit on the amount of cannabis stored at a person’s home. It’s basically show your card.”