Another Vermont House committee approved a bill to legalize the sale of marijuana on Monday, with a vote by the full chamber expected in the coming days.
The Appropriations Committee advanced the legislation with a tally of 6-5, clearing its path for floor action—likely on Wednesday and Thursday.
Marijuana stores are slowly opening around Massachusetts, but industry analysts estimate that three-quarters of all cannabis sales still occur under the table.
In that climate, police leaders say they are unsure of their role when it comes to unlicensed marijuana sellers. They are caught between licensed companies that are urging crackdowns on their non-tax-paying competitors selling cheaper cannabis, and communities calling for no more pot arrests, which have historically targeted people of color.
Much of Cuomo’s marijuana plan this year seemingly mirrored his legislation in 2019, including the creation of a new state agency to oversee recreational pot, medical marijuana and hemp.
The proposal would limit recreational pot sales to over age 21 and promote social equity in the cannabis industry through various programs. It also is expected to feature a regional approach to legalizing recreational marijuana in New York, New Jersey and Connecticut, Cuomo said.
According to the latest report from the Colorado Department of Revenue, marijuana sales in 2019 are expected to eclipse November in 2018. That leaves an extra month in December to pad that record-setting sales number.
Through October, dispensaries in Colorado reported a whopping $1.463 billion in cannabis sales. In all of 2018, dispensaries reported $1.545 billion in sales. Barring an unprecedented drop in sales, 2018 will be eclipsed with the November numbers, which will be released in January.
The vaping health crisis apparently has been good for the marijuana edibles sector, a sign that consumers are funneling more money into infused products instead of vaporizers.
Since the first vape-related death was reported in August, retail sales of edibles have climbed steadily in four states while those of vaping products have declined, though the vaporizer market appears to be stabilizing – and even rising – in all but Washington.
The legal marijuana industry is budding before our eyes. What had once been considered a taboo industry that was swept under the rug by lawmakers has now become a front-and-center issue, as well as a big-time moneymaker for investors and companies involves in the pot industry.
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.
Imagine you could scrap everything archaic about America's business culture and start anew. How would an utterly modern enterprise operate?
Would you create a meritocracy, where what you know matters more than who you know or how you look? Would you hire a diverse team of passionate, multi-cultural, purpose-driven people and empower them to innovate? Would you work to address issues like gender fairness, sustainability, and social inequity all for the common good?
Cannabis Practice Co-Chair Charles X Gormally Shares Advice for Cannabis Business in His State.
This summer, New Jersey has rapidly expanded its medical marijuana program, and attorney Charles X Gormally said the legalization of recreational marijuana is not far behind.
The major online pot shop directory and cannabis marketplace Weedmaps announced Wednesday that it will no longer allow black-market businesses to advertise on its site, a decision that could boost California's efforts to rein in its vast illegal market.
State regulators and licensed businesses had been pressuring the company to ban unlicensed businesses. Allowing untaxed, unregulated product on the site alongside the taxed marijuana of licensed and regulated stores undercut the legal market, they said.