Aug 02 2024

Oregon: July Marijuana Sales Hit $82 Million, Bringing 2024 Total to Above Half a Billion Dollars

Oregon’s legal marijuana industry generated over $80 million in sales in July, bringing the yearly total to well above $500 million.

The $82,186,496 in legal marijuana sold in July marks an increase from June’s $79,854,131. This is according to data compiled and released by the Oregon Liquor and Cannabis Commission. Monthly sales have remained above $75 million consistently since February 2023.

Since the start of legal marijuana sales in October 2016, the total sales have climbed to $6.785 billion, contributing $1.2 billion in tax revenue. So far in 2024, the state has seen sales of around $562 million, generating close to $100 million in taxes.
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Aug 02 2024

Legal Marijuana Sales in New Mexico Exceed $50 Million in July, Generating Over $8 Million in Taxes

There was over $50 million in legal marijuana sold throughout New Mexico in July.

In July, there was a total of $50,097,212.57 worth of marijuana sold through licensed marijuana stores and dispensaries, according to data released by the New Mexico Regulation & Licensing Department. Sales were distributed across 1,206,438 different transactions.

Recreational marijuana sales in July were $38,018,830.10, while medical marijuana sales totaled $12,078,382.44, both higher than the previous month, as well as higher than the previous August (in both months sales were around $48 million).
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Aug 02 2024

Ohio: Legal Recreational Marijuana Sales Begin Tuesday, August 6

The Ohio Division of Cannabis Control has notified marijuana dispensaries that they will be able to start recreational marijuana sales on Tuesday, August 6.

“Right this second, the state is in process of authorizing some dispensaries to begin adult use sales on Aug. 6, which is several months ahead of schedule from where we thought the program would be at this time last year,” says Tom Haren, a spokesman for the Ohio Cannabis Coalition. “So we’re incredibly grateful to the hard work of the staff at the Division (of Cannabis Control) for moving this along quickly and being able to roll out quickly an adult-use schedule — while at the same time ensuring that they’re addressing consumer safety, so that we can provide Ohioans with a true alternative to the illicit market, and an opportunity to buy legal regulated, tested and taxed products.”

The beginning of recreational marijuana sales comes roughly eight months after voters in the state approved Issue 2 to legalize marijuana for those 21 and older.
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Aug 01 2024

Clinical Trial: Marijuana-Infused Tea Associated With Decreased Pain and Improved Quality of Life in Fibromyalgia Patients

The daily consumption of marijuana-infused tea is associated with a reduction in pain and improvements in overall quality of life for those with fibromyalgia, according to a new study.

The study was published in the recent issue of the Journal of Clinical Medicine, as well as being published online by the US National Library of Medicine. The study is titled Is a Low Dosage of Medical Cannabis Effective for Treating Pain Related to Fibromyalgia? A Pilot Study and Systematic Review.

“Fibromyalgia is a multifaceted and frequently misunderstood chronic pain disease marked by widespread musculoskeletal pain and cognitive/somatic dysfunction”, notes the study’s abstract. “This trial aims to contribute to the existing knowledge on treating fibromyalgia (FM) with medical cannabis (Cannabis sativa L.) and explore a safer and more effective cannabis administration method.”
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Aug 01 2024

US Citizen Jailed 14 Years in Russia for Medical Marijuana Not Included in Prisoner Swap

The US and Russia have agreed to a prisoner swap, including former U.S. Marine Paul Whelan and Wall Street Journal reporter Evan Gershkovich. However, Marc Fogel, an American teacher sentenced to 14 years for possessing medical marijuana, is not among those being released.

Marc Fogel.

Fogel, detained since 2021, was arrested for bringing marijuana prescribed for his chronic pain into Russia. Despite speculation and hopes that he might be included in the recent prisoner exchange, Fogel remains incarcerated and will for the foreseeable future. This decision comes despite a resolution passed by the U.S. Senate in June, urging the Biden administration to prioritize his release, citing concerns over the severity of his sentence and his health.

“Marc Fogel has undergone three back surgeries, a spinal fusion, a hip replacement, and two knee surgeries to correct various injuries and health issues, which have left him with chronic back pain and a permanent limp”, states the resolution. “[He] did not wish to use opioids to manage his pain and was instead prescribed medical marijuana for pain management in a manner consistent with the State law of Pennsylvania.”
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Aug 01 2024

North Carolina Tribe to Open Marijuana Megastore to Everyone 21+ on September 7

The Eastern Band of Cherokee Indians (EBCI) will open its marijuana megastore to everyone 21 and older on September 7.

The Great Smoky Cannabis Company, currently open exclusively to tribal members and medical marijuana patients, will open for recreational use to all those 21+ on September 7. The store is located near Harrah’s Cherokee Casino Resort, roughly three hours from Charlotte and 4.5 hours from Raleigh, in a former bingo hall that cost over $50 million to refurbish.

The Eastern Band of Cherokee Indians (EBCI) Tribal Council voted in June to legalize recreational marijuana. The vote followed a September ordinance approved by tribal members, requesting the council to develop legislation to legalize and regulate recreational marijuana.
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Aug 01 2024

Minnesota Preapproves Over 3,000 Marijuana Business Licenses

A little over a year after legalizing recreational marijuana, Minnesota has preapproved over 3,000 marijuana business licenses in hopes of getting the legal marijuana market up and running in early 2025.

According to Charlene Briner, the interim director of the Office of Cannabis Management, over 3,100 individuals have been pre-approved for a state license since the application window opened this summer.

After the application period concludes, eligible candidates will enter a lottery system to determine who will proceed. Briner says the state is “on track to have our regulations and rules in place by early 2025,” indicating that this will initiate the final stages of pre-opening inspections, necessary local approvals, and business readiness.
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Aug 01 2024

Florida Senator and Former Republican Party Chair Endorses Amendment 3 to Legalize Marijuana

Florida State Senator Joe Gruters (R), the former chair of the Republican Party of Florida, has announced his endorsement of a YES vote on Amendment 3.

“By legalizing recreational marijuana for adults, we can give Floridians access to safe products, generate significant revenue for critical public services and create new job opportunities for Floridians,” said Gruters, Chair of the Florida Senate’s Regulated Industries Committee. “I urge you to join me in voting ‘Yes’ on Amendment 3 this November. Together, we can build a safer, smarter future for the Free State of Florida.”

“Supporting Amendment 3 is a common-sense decision that prioritizes individual freedom, health, safety and economic growth”, said Gruters, Chair of the Florida Senate’s Regulated Industries Committee. “By legalizing recreational marijuana for adults, we can give Floridians access to safe products, generate significant revenue for critical public services and create new job opportunities for Floridians. I urge you to join me in voting ‘Yes’ on Amendment 3 this November. Together, we can build a safer, smarter future for the Free State of Florida.”
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Aug 01 2024

Federal Bill to Decriminalize Marijuana Nears 100 Sponsors in US House, With Kamala Harris in Support

Federal legislation to remove marijuana from the controlled substances list and allow the expungement of past convictions has nearly 100 sponsors in the US House of Representatives.

The Marijuana Opportunity Reinvestment and Expungement (MORE) Act now has 94 sponsors, more than any other marijuana-related bill in the US Congress other than the SAFE Banking Act.

The MORE Act has passed the US House of Representatives twice (in 2020 and 2022), but both times it failed to advance in the then-evenly split Senate. The measure has gained renewed interest now that Vice President Kamala Harris is the Democratic Party’s presumptive nominee for president. Harris, a longtime supporter of the MORE Act, previously cosponsored the bill during her time in the Senate. Continue reading

Jul 31 2024

Nebraska Senate Judiciary Committee Schedules Public Hearing on Marijuana Legalization Bills

Two Nebraska marijuana legalization bills, Legislature Bill 71 and Legislature Bill 52, are set for a public hearing in the Senate Judiciary Committee on August 2 at 1:30PM.

This hearing represents a significant step in Nebraska’s legislative journey toward marijuana legalization, and it comes three months before voters will consider an initiative to legalize medical marijuana.

Introduced by Senator Terrell McKinney and Senator Justin Wayne, these bills propose to legalize and regulate marijuana use for adults aged 21 and older. While both bills share the common goal of legalizing marijuana including licensed stores, they offer different regulatory frameworks.
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