New Jersey governor signs laws to set up marijuana market

Source: bostonglobe.com

TRENTON, N.J. — Legislation to set up a recreational marijuana marketplace, decriminalize cannabis, and loosen penalties for underage possession of the drug and alcohol was signed into law Monday by New Jersey Governor Phil Murphy, more than three months after voters overwhelmingly approved a ballot question to legalize adult use of the drug. The Democrat-led Assembly and Senate passed the last-minute measure Monday to ease penalties on underage possession of both alcohol and marijuana as a way to secure Murphy’s signature on legislation they had sent him in December. “Our current ...

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New York Governor Reveals Amendments To Marijuana Legalization Plan Weeks Before Budget Deadline

Source: marijuanamoment.net

New York Gov. Andrew Cuomo (D) has released the full text of amendments to his marijuana legalization plan that he hopes will resolve disagreements with legislative leaders over his original proposal. The main changes would allow cannabis delivery services, specify how social equity grant funding is distributed and lower the proposed penalty for selling marijuana to people under 21, all of which were previewed earlier last week. The governor’s revised proposal also includes "technical changes such as modify the adult-use cannabis retail dispenser definition, require returns to be filed ...

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Michigan Cannabis Sales Neared $1 Billion in 2020

Source: 420intel.com

Cannabis sales in Michigan approached $1 billion in 2020, state records show. According to data from the Michigan Marijuana Regulatory Agency (MRA), combined sales of medical marijuana and adult-use cannabis reached $984.7 million. Adult-use cannabis made up more than 50% of statewide sales, reaching $510.6 million, while medical marijuana sales eclipsed $474 million. Sales peaked in July, when consumers spent $109.5 million on adult-use cannabis and more than $52 million on medical marijuana. In addition to July, monthly consumer spending on cannabis surpassed $100 million four other times ...

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4 Reasons Why The Cannabis Industry Has Become So Profitable

Source: thefreshtoast.com

Cannabis isn’t just about smoking anymore; it is incredibly inclusive to people from all walks of life for both medical and recreational purposes. In the past few years, there has been one major central theme debated heavily by society. That is the legalization of cannabis. The once demonized plant stigmatized to cause delusions and murderous tendencies have been finally revisited and approved by government officials. As the health benefits of cannabis become more prominent, more and more stares are starting to legalize it. In fact, legal cannabis has been taking over the market and ...

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Lawmakers Voted To Approve Marijuana Legalization Bills In Four States This Week

Source: marijuanamoment.net

In state legislatures across the country, it’s been a busy week for marijuana reform—with lawmakers in four states approving new legalization bills in committee, plus other cannabis and drug policy developments taking place in additional states. Following the slew of state-level reform victories on Election Day, legislators have increasingly signaled that they view legalization as inevitable and are either hoping to leverage the movement’s momentum or get ahead of activists who are pushing for policy changes via the ballot. This week proved especially active for cannabis and broader ...

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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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State Marijuana Regulators Outline Policy Priorities As Congress Pursues Legalization

Source: marijuanamoment.net

A coalition of state marijuana regulators sent a letter to congressional leaders on Thursday, outlining cannabis policy priorities and offering assistance as lawmakers consider a number of reform proposals that are set to advance this session. The Cannabis Regulators Association (CANNRA) had made clear that it isn’t necessarily taking a position in favor of or against legalization, but it said in the letter that it stands by to "provide policy makers and regulatory agencies with the resources to make informed decisions when considering approaches to cannabis regulation." To that end, the ...

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North Dakota Lawmakers Approve Marijuana Legalization Bill In Committee

Source: marijuanamoment.net

A bill to legalize marijuana in North Dakota that’s being sponsored by a Republican lawmaker who personally opposes the policy change advanced through a House committee on Wednesday. The legislation, HB 1420, would allow adults 21 and older to possess and purchase up to one ounce of cannabis for personal use, but home cultivation would not be allowed. While some advocates see that as a step in the right direction, the motivation behind the measure’s introduction seems to be to preempt attempts by activists to enact a more far-reaching proposal via the ballot. The House Human Services ...

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South Dakota voters legalized cannabis, but state politicians aren't having it

Source: leafly.com

In Nov. 2020, about 54 percent of voters in South Dakota approved an adult-use cannabis legalization measure, while nearly 70 percent voted in favor of medical marijuana legalization . So why are state officials fighting tooth-and-claw to undermine those votes? In the three months since the election, South Dakota Gov. Kristi Noem has actively supported and effort to overturn the adult-use measure in the courts. And state legislators are working to delay the legally mandated implementation of the medical marijuana law. Taking adult-use legalization to court Those efforts began soon after the ...

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House Members Call On Biden To Pardon Cannabis Convictions

Source: hightimes.com

Members of Congress penned a letter to President Joe Biden urging him to pardon nonviolent cannabis offenders. President Joe Biden received a letter from 37 members of Congress on Thursday urging him to issue a blanket pardon for nonviolent offenders with convictions for federal marijuana crimes. The letter was led by Rep. Barbara Lee and Rep. Earl Blumenauer, the co-chairs of the Congressional Cannabis Caucus, and 35 other leaders and members of the House of Representatives including Judiciary Committee Chairman Jerry Nadler. In the letter dated February 18, the members of Congress called on ...

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