This Is Why Investment in Cannabis Tech Is at Its Highest Level since 2019

Source: greenentrepreneur.com

The surge in cannabis sales during the pandemic sparked a flurry of investment in the cannabis industry as everyone looks for the boom to continue in 2021 and beyond People used cannabis in large numbers during the height of the lockdowns caused by the pandemic. Investors, including big-name celebrities and well-known venture capital funds, are banking on that trend to continue as the pandemic lessens its hold on the country. The interest in cannabis became apparent the moment lockdowns began ...

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Mexico Marijuana Legalization Bill Advances In Senate For Second Day In A Row

Source: marijuanamoment.net

A bill to legalize marijuana in Mexico moved another step closer to final floor consideration in the Senate on Tuesday. While the chamber approved the legislation last year, it then passed in revised form in the Chamber of Deputies last month and was sent back to the Senate for final consideration. On Tuesday, a second Senate committee advanced the amended legislation, with one more panel set to take it up before it moves to the floor. The Second Legislative Studies Committee approved the bill ...

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New Mexico Takes First Step On Marijuana Implementation Before Governor Even Signs Legalization Bill

Source: marijuanamoment.net

New Mexico isn’t wasting any time setting up its adult-use marijuana market, with regulators launching a website to provide information about the state’s impending new cannabis policy before the governor has even signed a legalization bill into law. Lawmakers sent legislation to establish a recreational marijuana to Gov. Michelle Lujan Grisham (D) last week during a special session that she had convened. Under the proposal, retail sales wouldn’t start until April 2022, but the state ...

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Activists Call New York's Marijuana Bill a Win for Criminal Justice

Source: insider.com

For advocates, New York's new legal weed bill is a major victory against racist drug sentencing New York bill expunges most existing marijuana convictions and creates community investment funds. Activists say police have long used marijuana as an excuse to target BIPOC communities. Many told Insider the bill helps advance racial justice but doesn't go far enough. Visit Insider's homepage for more stories . New York's new marijuana bill puts jobs, student loans, and child custody back on the ...

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Mexico Marijuana Legalization Bill Clears Key Senate Committee, With Floor Vote Expected This Month

Source: marijuanamoment.net

A bill to legalize marijuana in Mexico is one step closer to final passage. The measure passed the Senate last year, but was sent back to the body after being approved in revised form by the Chamber of Deputies . Now, on Monday, a key Senate committee advanced the amended legislation toward a final floor vote. The Senate Justice Committee approved the proposal in a 6-5 tally, with two more panels set to take it up in the coming weeks before it goes before the full chamber by the end of the ...

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Illinois Hits $109M In Marijuana Sales In March, Marking New Record

Source: thefreshtoast.com

Illinois could generate over $1 billion in adult-use marijuana sales in 2021, resulting in substantial tax revenue. By Jelena Martinovic Illinois has hit another record in marijuana sales, surpassing $100 million in March. According to the state Department of Financial and Professional Regulation, a total of 2,317,315 marijuana items worth $109,149,355 were sold over the period. March sales have beaten February ones by over $28 million, and those in January by slightly over $20 million. In ...

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'We're going to move forward, period': Schumer ready to move on changes to marijuana laws – even if Biden isn't

Source: usatoday.com

Senate Majority Leader Chuck Schumer, a strong advocate of marijuana legalization, is ready to move ahead with major changes to federal laws prohibiting the use, sale and production of cannabis products – with or without the support of President Joe Biden. During the 2020 presidential campaign, Biden – a leading Democratic proponent of tough drug laws during his long Senate career – was the only leading Democratic primary candidate to oppose federal legalization of the plant, saying more ...

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Member Blog: The Responsibility of Cannabis Companies to Further Equality

Source: thecannabisindustry.org

Currently, in the cannabis industry, we find ourselves in a unique position. We are at an important crossroads of policy changes, advocacy efforts, and business opportunities. Within the dynamics of cannabis legalization, certain people seized new market openings, while others scramble to get a foothold in the business. As legal cannabis continues to normalize, we must ask ourselves whether the industry affords everyone equal opportunities. While certain U.S. states have established social ...

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D.C. Is ‘Ready’ To Legalize Marijuana Sales As Soon As Congress Gets Out Of The Way, Mayor Says

Source: marijuanamoment.net

The mayor of Washington, D.C. says local officials are prepared to move forward with implementing a legal system of recreational marijuana sales in the nation’s capital just as soon as they can get over the final "hurdle" of congressional interference. Mayor Muriel Bowser (D) introduced a cannabis commerce bill in February—and members of the District Council are now considering that as well as a separate proposal put forward by Chairman Phil Mendelson (D) last month. In an interview on ...

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Source: cannabislifenetwork.com

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. It’s a breath of fresh air. Here are the details. Legal framework Before Wednesday, medicinal cannabis was legalized in the state of New York. This new law will ...

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