Recreational marijuana vape product sales are suffering in the wake of a nationwide health scare that caused several deaths and hundreds of illnesses.
The shares of vape sales in California, Colorado, Nevada and Washington state’s recreational markets have declined significantly since the first vape-related death was reported in late August, according to Headset, a Seattle-based provider of data and analytics to the cannabis industry.
A majority of the United States has legalized cannabis in some way, and it’s very exciting, I get it. Fewer people are being arrested, more people are getting off opioids, and accurately dosed pot chocolates might be the best thing to happen to weekends since the invention of television. But this state-by-state legalization thing that we’re doing is kind of a mess, mostly because federal prohibition hampers the whole thing from the get-go.
Acreage Holdings has licenses in 17 states, of which 12 are operational, while the company has licenses to process in 12 states, seven of which are now in operation. The company has licenses to operate 68 retail dispensaries in 12 states, of which 21 are currently operational in 10 states. The Botanist is its retail concept designed to appeal to both adult use and medicinal consumers.
More than six years after the state legalized the adult use of marijuana, Washington Gov. Jay Inslee said Friday he plans to pardon thousands of people convicted of small-time possession charges — the latest in a series of moves by states and cities to ease the burdens people face from having minor criminal records for using pot.
New Jersey isn’t trailblazing when it comes to legalizing adult-use cannabis, and that could end up being a blessing for the state.
While Gov. Phil Murphy didn’t carry out his previously stated plans to legalize by the end of 2018, the Legislature is close to passing a comprehensive bill that would permit adult cannabis use and strictly regulate its commercial production and sale.
When the details of the legislation were first made public last week, there were reports almost immediately that the proposed initial 10 percent tax rate was too low for Governor Phil Murphy.
That 10 percent rate would be the lowest in the country among states that allow recreational marijuana sales.
Determining the appropriate rate requires legislators to weigh two critical but competing factors: revenue versus black market. It’s an issue directly addressed in the bill:
Submitted by njlegalizeme on Sun, 09/09/2018 - 21:30
At such an early stage in the growth process, the cannabis industry is unlike any other industry in the world right now, especially in the retail/dispensary sector. But while cannabis is extremely unique in its own way, it still carries a number of similarities to established industries and businesses that operate in more traditional retail capacities.
Trailblazing states like Colorado and Washington learned on the fly about the regulation of the marijuana industry. The message from one policy expert to New Jersey: learn from their missteps and learn now.
John Carnevale, who worked on policy at the White House Office of National Drug Control Policy under three administrations, mapped out the necessary regulative landscape for what appears to be an inevitable industry in New Jersey. And setting it up is no mean task, especially given the lack of research on marijuana and public health and safety issues.
The marijuana industry has continued its explosive growth in 2018, and a new report has quantified just how explosive.
Sales of legal marijuana in the United States could hit $10 billion this year and skyrocket to $22 billion by 2022, according to the 2018 Marijuana Business Factbook released by Marijuana Business Daily. That’s big growth year-over-year, with last year’s figure for both recreational and medical marijuana hitting about $6.2 billion.
Here are some of the factors driving projections.
California Gold