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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. The Current Status Of The Texas Cannabis Program Currently, recreational marijuana is not legal in Texas. Well examine these questions to get a holistic view of the situation.
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.
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 recreational marijuana markets? in recent years. Passions run deep on both sides.
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.
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.
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. Are there any efforts to legalize recreational cannabis nationwide? Australia Cannabis Q&A A.
Ohio’s recreational cannabis initiative has been delayed due to coronavirus social distancing measures, and the petition’s language is also undergoing revisions at the request of Ohio’s Attorney General. ” Ohio’s state medical cannabis business association is currently not supporting the bill. Image by David Mark from Pixabay.
In jurisdictions where cannabis is legally regulated, consumers gravitate toward the above-ground retail marketplace where they can access lab-tested products manufactured by licensed businesses.” ” A previous analysis of EVALI prevalence in legal cannabis markets versus illegal markets by Leafly.com drew a similar conclusion.
"I'm calling on the legislature to to legalize recreational marijuana, with the revenue going to: small business grant funding [and] restorative justice programs.".
The Illinois Department of Financial and Professional Regulation (IDFPR) and the Pritzker Administration today announced recreational cannabis sales. The post Illinois 2024 recreational cannabis sales top $1.72B appeared first on Illinois News Joint. The December 2024 totals of $153,249,701.54
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.
AUGUSTA — A majority of city councilors want the city to allow recreational marijuana sales and other recreational cannabis-related businesses to operate in Augusta, where. Read More
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. Make sure to follow Veriheal for more updates on New York’s upcoming recreational launch.
A federal judge on Wednesday halted the city of Detroit from processing recreational marijuana business applications. Michigan Advance reports. … Read More.
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.
With the support of the majority of citizens, it should come as no surprise that the nation is now preparing to launch a recreational cannabis trial. The Recreational Cannabis Trial . As part of the recreational cannabis trial, a study referred to as “Züri Can—Cannabis with Responsibility” is set to begin in fall 2022.
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. With that being said, the fund will “support social equity applicants as they plan for and build out their businesses.”. billion by 2027.
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 Those who have been in the business for a while agree.
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.
While these businesses would benefit from being properly insured just like other businesses in America, they face the hurdle of current federal regulations against cannabis that label it a Schedule I controlled substance with no medical purpose and a high addiction rate. The post Can Cannabis Businesses Be Insured?
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.
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.
From early failed attempts at approving medical marijuana to the historic 2020 vote that saw both medical and recreational cannabis on the ballot simultaneously, it has been a challenging battle for cannabis advocates in South Dakota. Is Marijuana Medically and Recreationally Legal in South Dakota Today?
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 North Jersey.com reports. He put the city in jeopardy,” said Councilman Luis Velez. Read more at [link].
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.
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.”.
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 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. Now, they often face higher costs or less effective treatment through recreational channels.
CEQA compliance requires your cannabis business prove that it poses no environmental threats. Since the legalization of recreational cannabis and the implementation of the licensing process, CEQA compliance has proven to be one of, if not, THE most difficult components of obtaining and maintaining cannabis licensure. What Is CEQA?
A busy few days with courts for Kim Rivers ! 19, 2021 /PRNewswire/ — Harvest Health & Recreation Inc. (“Harvest”) (CSE: HARV, OTCQX: HRVSF ), a vertically integrated cannabis company and multi-state operator in the U.S., ” About Harvest Health & Recreation Inc. . PHOENIX , Aug.
Over 1,000 dispensaries have opened for business in Washington since recreational use of cannabis was legalized in 2012. Davies said without the bank funding, the small businesses often cannot afford additional security for their products or personnel.
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.”
Johnson allegedly started her own competing business, selling cannabis edibles such as “psychedelic sugar cookies” through Instagram and an open air market. Johnson’s competing business is based on the use of Herbal Edibles’ recipes. Johnson had been employed by Herbal Edibles as a baker for less than one year when she was terminated.
Albany Business Review reports. Hudson Hemp and the roughly 200 other hemp farmers in New York state say they should be given priority when the state starts issuing licenses for the adult-use market. read more (paywall) [link].
On May 30, 2023, Governor Tim Walz signed legislation to legalize recreational use of marijuana for persons 21 years of age and older. Impact on Businesses The law creates licenses for 15 types of cannabis businesses, each of which will be subject to an application process, application fees, license fees, and renewal fees.
Leia Flynn is a legal assistant at a firm that works with cannabis businesses and the owner of Flight Lounge, a members-only private cafe allowed under the City of Portland’s social consumption guidelines. “That is discrimination.”
WAPAKONETA — The Wapakoneta Area Chamber of Commerce will host a forum discussing recreational marijuana 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.
What constraints does the MRTA place on the location of these businesses? New York’s Marijuana Revenue and Taxation Act, legislation legalizing recreational-use cannabis, was enacted in March 2021 and creates a new Cannabis Law as Chapter 7-A of the Consolidated Laws of New York.
Approximately two years since recreational cannabis was legalized in Arizona, business is booming for dispensaries in Phoenix. The tall appetite for cannabis in the Valley of the Sun has helped open doors for 73 licensed recreational dispensaries that sell THC products to recreational customers.
Rationale : In Delaware, Minnesota, Missouri, New Hampshire, New Jersey, New Mexico, New York, North Dakota, and Rode Island, medical use is legal, but recreational use is still illegal. In Maryland, medical use is legal, but recreational use is still illegal, and the state has an Expungement Initiative in process. High Impact.
The growing number of states celebrating a victory for recreational cannabis indicates how governors and lawmakers are steering legalization in the right direction; as opposed to states merely relying on citizens to vote for legal cannabis. . Let’s take a look at some key business details and projections for those newly legal states: 1.
Since recreational use of marijuana is still illegal in the state, the regulations surrounding the sale of medical marijuana are heavily monitored by state departments. The post Millions Per Month: Why The Missouri Medical Marijuana Business Is Booming appeared first on MMJRecs. Featured image by Tiffany Cade on Unsplash.
If you want to get help with creating high-quality content, address an MJSEO Agency that can help your cannabis business develop and increase its visibility. Content Recreation. Links to Profiles on Social Networks. If you practice outreach and crowd marketing, always use links to social media profiles in your email signatures.
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