Virginia Lawmakers Pass Bills Allowing Herbal Forms Of Medical Marijuana

Source: 420intel.com

The Virginia legislature has passed bills to modify the state’s medical marijuana program to allow for the production and sale of herbal forms of cannabis. The measures, House Bill 2218 and Senate Bill 1333 , were approved this week with overwhelming majorities in both the House of Delegates and the Virginia Senate. The legalization of medical marijuana in Virginia began with a strictly limited 2015 law that allowed for CBD and THC-A oils to be used by patients with severe epilepsy. The regulations have been loosened since, and medical marijuana dispensaries selling products with up to 10 ...

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Alabama Senate Approves Medical Marijuana Legalization Bill

Source: hightimes.com

A medical marijuana bill has cleared the Alabama state Senate. The Alabama state Senate approved a bill to legalize the medicinal use of marijuana on Wednesday, after spending only about 15 minutes to debate the measure. The bill, SB46 , was approved by a vote of 21 to 10. The legislation must also be passed by the Alabama House of Representatives and signed by Republican Gov. Kay Ivey to become law. Under the measure , physicians would be permitted to recommend cannabis for their patients with one of more than a dozen serious medical conditions including seizures; spasticity associated with ...

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AL Senate approves medical cannabis (Newsletter: February 25, 2021)

Source: marijuanamoment.net

NM legal marijuana heads to floor; VA’s Sat. legalization deadline; Biden pick defends cannabis $ for schools; 1st NY hearing; PA bill’s GOP support Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Your support makes Marijuana Moment possible… Wait a sec! I could use your help. We need more subscribers to ensure the best possible cannabis news coverage as 2021 legislative sessions unfold. If you can kick in a few dollars a month, we’d have funding to increase ...

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Cuomo Issues Amendments to His Legalization Proposal—Next Steps for Legalized Cannabis in New York

Source: cannabisbusinessexecutive.com

By Lori B. Green and Catherine A. Savio, Nixon Peabody LLP As the Empire State moves toward legalization, Governor Cuomo has released amendments to his plan to legalize adult-use cannabis in the State of New York. The amendments permit home delivery of cannabis, reduce criminal penalties for unlawful sales, and clarify the distribution of funds intended to repair damage caused by the war on drugs. The changes, made public on Monday, February 22, 2021, were issued in response to criticism voiced by cannabis law reformers who argued that Cuomo’s initial legalization proposal did not do enough ...

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Connecticut Governor Touts Marijuana Legalization Bill Ahead Of First Hearing

Source: marijuanamoment.net

At a press conference on Wednesday to build support for his plan to legalize marijuana in Connecticut, Gov. Ned Lamont (D) and other backers described the proposal as a thoughtful, data-driven measure designed to address decades of disproportionate harm to the state’s Black and brown residents. While the bill is set for its first committee hearing on Friday, some social justice advocates have deep concerns about how the legal market would be structured. "This has been a long time coming," the governor said of his proposal. "We’ve been talking about this for ages, and I think now is the ...

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New Jersey: Governor Signs Enabling Legislation into Law Ceasing Marijuana Possession Arrests, Licensing Retail Sales

Source: norml.org

Trenton, NJ: enabling legislation into law on Monday realizing voters’ Election Day demands to legalize adult-use marijuana possession and license retail marijuana sales. Three bills were signed by the Governor. licenses the commercial production and retail sale of cannabis to adults. Under the new law, those age 21 or older may legally purchase and possess up to one ounce of cannabis. Retail sales are subject to state sales tax. Seventy percent of the revenue derived from sales taxes will be directed toward reinvestment in designated, lower-income communities. An additional will also be ...

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These States Have The Highest Cannabis Sales Taxes In America

Source: 420intel.com

It can be argued that the high taxes are well-intentioned, signaling support for an inclusive cannabis market. Due to ongoing federal prohibition, America’s cannabis regulations remain fragmented by state. Until reform occurs, states will continue to set their program frameworks, including how it taxes the supply chain, with consumers feeling the brunt directly by taxes or indirectly by retailers up-charging to offset costs. Depending on the state, a market’s tax rates could look similar to any other legal product, or the figure could balloon. Examples of the latter can be found in states ...

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Is There an Ideal Price Point for Your Product?

Source: greenentrepreneur.com

Turns out there are several factors that go into determining the wholesale cost of cannabis products. As the cannabis industry enters what is shaping up to be its biggest year of growth, understanding the competitive landscape is more important than ever. For many industry operators, that means taking a more in-depth look at some of the critical factors to success, such as market saturation, category popularity, and pricing. Pricing is arguably the most critical driver of a company's profitability and can be a differentiator among cannabis brands. Is your product premium, and if so, does your ...

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New York Marijuana Legalization Proposals Get First Joint Legislative Hearing Of 2021

Source: marijuanamoment.net

New York lawmakers on Tuesday held the first public hearing of the year on proposals to legalize marijuana, specifically focusing on budget implications. In a joint session with members of the Senate Finance Committee and Assembly Ways & Means Committee, legislators heard testimony from two pro-legalization industry representatives and one opponent, Kevin Sabet of the prohibitionist group Smart Approaches to Marijuana. Notably, despite their ideological differences when it comes to legalization in general, all three panelists were critical of the reform proposal that Gov. Andrew Cuomo (D) ...

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Virginia Lawmakers Pass Bills Allowing Herbal Forms Of Medical Marijuana

Source: hightimes.com

If passed into law, the bills would open the door to substantial changed in Virginia’s medical cannabis program. The Virginia legislature has passed bills to modify the state’s medical marijuana program to allow for the production and sale of herbal forms of cannabis. The measures, House Bill 2218 and Senate Bill 1333 , were approved this week with overwhelming majorities in both the House of Delegates and the Virginia Senate. The legalization of medical marijuana in Virginia began with a strictly limited 2015 law that allowed for CBD and THC-A oils to be used by patients with severe ...

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