Jun 03 2024
Last month, Senate Majority Leader Chuck Schumer, along with 17 cosponsors, filed federal legislation to deschedule and legalize marijuana in the United States Senate. Over a month later, no new sponsors have joined the list. There are currently 24 states that have legalized recreational marijuana, with a few more expected to join by the end …
Jun 03 2024
For just the third time in Rhode Island, monthly marijuana sales have surpassed $10 million. According to data released by the Rhode Island Department of Business Regulations, $10,080,639 worth of marijuana and marijuana products were sold legally in May, marking just the third time legal sales have passed $10 million (following December 2023 and March …
Jun 03 2024
The director of an initiative campaign in Arkansas to expand medical marijuana and create a trigger for the legalization of recreational marijuana is “confident” the initiative will make the November ballot. In February Arkansans Attorney General Tim Griffin gave approval to the ballot language of an initiative submitted by Arkansans for Patient Access. The group …
Jun 03 2024
In May, licensed marijuana stores in Oregon sold over $80 million worth of product for the third straight month. According to recent data from the Oregon Liquor and Cannabis Commission, there was $81,976,813 worth of marijuana and marijuana products sold legally in May. This is approximately half a million dollars more than the previous month, …
Jun 03 2024
Monthly marijuana sales in New Mexico surpassed $50 million in May. According to data released today by the New Mexico Regulation & Licensing Department, the state saw $51,200,880.26 in legal marijuana sales during May, spread across 1,212,097 transactions. This represents an increase of roughly $100,000 over total sales for April. In May, recreational marijuana sales …
Jun 01 2024
The average price of legal marijuana has reached a historic low in Oregon. Recent data from the Oregon Liquor and Cannabis Commission reveals that the average price for dried marijuana flower in licensed marijuana stores has fallen to $3.60 per gram—the lowest recorded rate. Additionally, the price for marijuana concentrates has dropped to a new …
Jun 01 2024
There’s currently 24 states that have legalized recreational marijuana. That number could jump to above 30 in the near future. As we approach mid-2024, it’s becoming increasingly clear which states are on the verge of legalizing recreational marijuana this year or next, and which are still some distance away. Below, we outline the 10 states …
Jun 01 2024
Federal legislation that would explicitly allow banks to work with licensed marijuana businesses has garnered its 123rd bipartisan sponsor in the US House of Representatives. The SAFE Banking Act (H.R. 2891) now has 123 sponsors, with Congressmember Dan Goldman (D-NY) becoming the latest to join as a cosponsor yesterday. The proposed law would provide federal …
May 31 2024
Legislation establishing a “Psychedelic Therapy Advisory Working Group” has been signed into law by Vermont Governor Phil Scott. Governor Scott signed Senate Bill 114 into law recently, following overwhelming approval in the state’s legislature. Once the measure takes effect, the Psychedelic Therapy Advisory Working Group will be established “to examine the use of psychedelics to …
May 31 2024
The legal sale of marijuana in Illinois amounted to roughly $170 million in April, according to the Illinois Department of Financial and Professional Regulation. The sales total, specifically $169.6 million, includes dried marijuana flower and various products like concentrates, edibles, and topicals. Of this amount, $144.5 million was purchased by recreational consumers, while medical marijuana …
