A new legislative report delivered to Maryland lawmakers this week projects that the nationwide market for legal cannabis could climb to $72 billion per year by 2030, more than double the current market estimation of $32 billion annually. But the report also shows that some states that have legalized cannabis have failed to set clear […]
Author: Eric Sheetz
Marijuana Companies And New Jersey Governor Team Up To Urge Consumers To ‘Buy Legal’
New Jersey’s governor is teaming up with a coalition of major cannabis brands to launch a campaign meant to educate and encourage consumers about the risks of buying marijuana products outside of regulated markets. The U.S. Cannabis Council (USCC) is leading the “Buy Legal” effort, which was announced on Thursday in New Orleans at the […]
New York Loosens Strict Testing Requirements for Cannabis Cultivators
Regulators in New York this week lifted a stringent requirement that cannabis growers in the state had decried as an “existential threat” to their operations. NY Cannabis Insider reports that the state’s Office of Cannabis Management on Tuesday sent an email to cultivators to note that it had “updated its Laboratory Testing Limits document to […]
California Cannabis Industry Association White Paper Discusses Dangers of Unregulated Hemp Products
The California Cannabis Industry Association published a white paper addressing the state of the cannabinoid market. Featuring main author Tiffany Devitt, as well as other contributors, the white paper entitled “PANDORA’S BOX The Dangers of a National, Unregulated, Hemp-Derived Intoxicating Cannabinoid Market,” refers to the hemp industry as a public health crisis. “While cannabis and […]
Nevada Marijuana Regulators Have Received 100 Consumption Lounge Applications, With Plans To Approve By Early 2023
Nevada marijuana regulators say they received 100 applications for the state’s first-ever marijuana consumption lounge licenses during a short submission window last month, with plans to begin issuing approvals in “early 2023.” The Nevada Cannabis Compliance Board (CCB) started accepting the applications on October 14 and closed submissions on October 27. This comes more than […]
Marijuana Is A More Valuable Crop Than Potatoes Or Rice, New Leafly Report On Adult-Use Market Finds
The wholesale value of marijuana across 15 adult-use states has reached $5 billion—making it the sixth most valuable cash crop in the country, above potatoes and rice—according to a new report. And that’s not even accounting for the massive medical cannabis market that provides for patients in almost two dozen other states. Leafly’s 2022 Cannabis […]
New York Regulators Release Guidelines For Cannabis Retailers
The New York Office of Cannabis Management on Friday released new guidance for retail adult-use cannabis dispensaries, only weeks before the state’s newly legal recreational marijuana market is expected to launch later this year. New York lawmakers legalized cannabis last year with the passage of the Marihuana Regulation and Taxation Act (MRTA), with regulated sales […]
Nevada Judge Orders Cannabis Removed From State’s List of Controlled Substances
A Clark County, Nevada judge ruled on Wednesday that the state pharmacy board does not have the authority to regulate cannabis and cannabis derivatives under state law and ordered the agency to remove marijuana from the state’s list of controlled substances. In the decision, Clark County District Court Judge Joe Hardy wrote that if the […]
U.S. Sentencing Commission Estimates That 6,577 People Could Receive Pardons
President Joe Biden announced on Oct. 6 that he would be pardoning people across the country who currently have cannabis convictions on their record. According to the official White House press release, this means the pardon covers “…all current United States citizens and lawful permanent residents who committed the offense of simple possession of marijuana […]
Virgin Islands Inches Closer to Adult-Use Cannabis, Expungements
Cannabis remains a hot button issue with politically-driven fanfare in the U.S. territory of the Virgin Islands. Two bills were introduced in the Virgin Islands on Oct. 24: One that would legalize cannabis for adult use and another that would expunge eligible cases of cannabis convictions. Bill No. 21-0160 would legalize cannabis for adults 21 […]