Jun 26 2024
Recreational marijuana is legal in 24 states, with all but Virginia allowing licensed sales. Prices in these states vary substantially. Among these states, the average price of marijuana and marijuana products varies significantly, with some states having averages more than double those of others. Using data compiled by state regulatory agencies, here are the five …
Jun 26 2024
Washington State’s legal marijuana market saw over $100 million in sales in May. According to data released by the state, there was approximately $101.84 million in legal marijuana sales in May, a 1.3% increase from the previous month and a 1.8% increase over May 2023. This brings the yearly total to around $500 million. Total …
Jun 26 2024
Licensed marijuana stores in Arizona sold nearly $100 million worth of product in May. According to the Arizona Department of Revenue, the state made $24,482,049 in tax revenue from $97 million in marijuana sales. This is roughly the same as the $24,586,563 in taxes garnered in April, but noticeably less than the $28,423,424 sold in …
Jun 26 2024
A US congressmember behind federal legislation aiming to penalize states and tribes that legalize marijuana continues to seek support for the measure. The Stop Pot Act, introduced in September by Representative Chuck Edwards (R-NC), is cosponsored by Representatives David Rouzer (R-NC), Gregory Murphy (R-NC), Pete Sessions (R-TX), and John W. Rose (R-TN). The measure would …
Jun 26 2024
So far 56 cities in Ohio have placed bans or moratoriums on recreational marijuana sales. Ohio recreational marijuana law, passed by voters last year, allows cities to opt-out of allowing recreational marijuana sales. So far, 56 cities have taken this approach to disallow marijuana stores. Under Ohio’s law, those 21 and older are allowed to …
Jun 26 2024
There’s enough votes in the United States House of Representatives to pass a federal marijuana banking act, according to Congressmember Nancy Mace (R-SC). The SAFE Banking Act (H.R. 2891) has 124 sponsors in the House, more than any other marijuana-related measure. The proposed law would provide federal protections for banks and credit unions that serve …
Jun 26 2024
Legislation to protect banks and other financial institutions that provide services to state-legal marijuana businesses has been given approval by the Delaware Legislature. House Bill 355, sponsored by Representative Ed Osienski and Senator Trey Paradee, clarifies that providing financial services to legal cannabis businesses is lawful under Delaware state law. Passage of the bill removes …
Jun 26 2024
Voters in South Dakota will have the opportunity to legalize recreational marijuana in just 19 weeks, on November 5. Measure 29, sponsored by South Dakotans for Better Marijuana Laws (SDBML), would make the possession and cultivation of marijuana legal for adults 21 and older. The initiative would also establish a licensed, regulated and taxed system …
Jun 25 2024
With the November election just over four months away, and with the presidency, the entire US House, and a third of the Senate up for grabs, a stark contrast has emerged between the Democrats and Republicans. The Biden Administration is moving to reschedule marijuana to Schedule III, officially recognizing its medical value. In contrast, House …
Jun 25 2024
The NCAA (National Collegiate Athletic Association) Division I Council has voted to remove marijuana products from the banned drug class for championships and postseason participation in football. The Council voted today to approve a rule change adopted by the Football Bowl Subdivision and Football Championship Subdivision Oversight Committees to remove cannabinoids from the banned drug class …
