Mar 26 2024
Legislation to extend the sunset period for Louisiana’s medical marijuana pilot program has been passed by the state’s full Senate. Senate Bill 228, filed by Senator Patrick McMath earlier this month, was passed by the Senate today by a vote of 32 to 5. This sends the measure to the House of Representatives, with passage …
Mar 26 2024
Lawmakers in Delaware’s Legislature have advanced legislation to protect banks and other financial institutions that provide services to state-legal marijuana businesses. Today the House of Representative’s Economic Development/Banking/Insurance & Commerce Committee advanced House Bill 355, moving it towards a vote by the full House. The measure, sponsored by Representative Ed Osienski and Senator Trey Paradee …
Mar 26 2024
The United Sates Department of Agriculture (USDA) has given regulatory approval to a genetically modified hemp strain that’s free of THC and CBD. The strain, called “Badger G” and developed by the Wisconsin Crop Innovation Center at the University of Wisconsin-Madison, is unique due to its absence of THC and CBD. Those behind the strain …
Mar 26 2024
Legislation to legalize recreational marijuana is just a couple steps away from becoming law in Hawaii. Senate Bill 3335 would legalize recreational marijuana for everyone 21 and older, including establishing a system of licensed, regulated and taxed marijuana retail outlets. Earlier this month the measure was given approval through the full Senate by a vote …
Mar 26 2024
According to a new poll covering three different states, a large majority are in support of the federal government passing legislation that would protect states that legalize marijuana. Commissioned by the Coalition for Cannabis Policy, Education, and Regulation (CPEAR), the poll covers Missouri, Wyoming and Ohio. Of these three states, only Wyoming has not legalized …
Mar 26 2024
A joint legislative committee in Connecticut has voted to pass legislation to decriminalize the personal possession of psilocybin mushrooms. Today Connecticut’s Joint Committee on Judiciary voted overwhelming to approve House Bill 5297. The measure would make it so that any person “who possesses or has under such person’s control less than one-half ounce of psilocybin …
Mar 26 2024
According to a new report, the 2024 forecast for legal adult-use and medical sales will top $31.4 billion, an increase of $2.6 billion from 2023. Conducted by Whitney Economics, a global leader in cannabis and hemp business consulting, data, and economic research, the report finds that the legal marijuana industry will see a compound annual growth …
Mar 26 2024
Legislation has been introduced in the Delaware General Assembly aiming to protect banks and other businesses that provide financial services to marijuana cultivators, distributors, and retailers who operate within Delaware’s legal cannabis marketplace. House Bill 355, sponsored by Representative Ed Osienski and Senator Trey Paradee, and in partnership with State Treasurer Colleen Davis, clarifies that …
Mar 25 2024
In the final quarter of 2023, legal marijuana states combined to make over $700 million in marijuana tax revenue, according to government data. Data released by the US Census Bureau shows that among the states that currently allow it, licensed marijuana sales garnered $710 million in tax revenue during the final quarter of 2023, cover …
Mar 25 2024
A proposal in the House of Representatives to protect state marijuana laws has garnered its 10 legislative sponsor. Congressmember Bonnie Watson Coleman (D-NJ) has officially signed on as a cosponsor to the STATES (Strengthening the Tenth Amendment Through Entrusting States) Act 2.0, bringing the total to 10. The measure was filed in December by Representative …
