Mar 22 2024
According to data compiled and released by the Montana Cannabis Control Division, there was $25,110,065 in legal marijuana and marijuana products sold in January. This is a slight increase over the $24,946,537 sold last January.
$20,874,549 of the marijuana purchased in January was for recreational use, with the remaining $4,235,515 purchased by medical marijuana patients.
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Mar 21 2024
(Photo credit: Kevin Dietsch/Getty Images).
In the February 9 video posted on the social media platform X, VP Harris said “We changed federal marijuana policy, because nobody should have to go to jail just for smoking weed”. The video was meant to appeal to young voters, and included several other topics that the Biden / Harris Administration have focused on over the past several years.
Since the video was published, VP Harris has publicly stated that the rescheduling of marijuana should occur “as quickly as possible“, and she has said “we need to legalize marijuana“. However, she has not addressed what she meant in the video when she said “We changed federal marijuana policy”, which is a provable falsehood. The video remains live to this day, viewed over 437,000 times.
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Mar 21 2024
(Photo credit: Eric Risberg / Associated Press).
Treasury Secretary Janet Yellen was questioned today during a House Appropriations Financial Services And General Government Subcommittee. During the meeting, Congressmember Dave Joyce (R-OH) questioned Yellen on the conflict between federal and state marijuana policies, in particular when it comes to banking regulations.
Joyce asked Yellen if she could tell him “what is presently this administration’s position on [the SAFER Banking Act]”?
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Mar 21 2024
House Bill 285 was given approval recently by the Senate Health & Social Services Committee, roughly two months after it was given approval by the full House of Representatives.
The proposed law would remove the state’s list of qualifying medical marijuana conditions, instead allowing physicians to recommend the medicine for any condition they deem appropriate. The measure would also allow those who are 65 years old and older to self-certify themselves as medical marijuana patients, meaning they would not need a signature or recommendation from a healthcare professional.
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Mar 20 2024
House Bill 1453 was signed into law by Governor Inslee following widespread support in the legislature; it passed the House of Representatives 82 to 14, and it passed the Senate 36 to 13. The measure will be officially enacted into law in June.
The measure “Provides a tax exemption from the 37 percent cannabis excise tax for qualifying patients and designated providers with a recognition card on purchases of cannabis products that are labeled as Department of Health (DOH)-compliant product and tested in accordance with the DOH’s rules.”
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Mar 20 2024
Yesterday Congressmembers Jamaal Bowman (D-NY), Chrissy D Houslahan (D-PA) and Gwen D Moore (D-WI) signed on as cosponsors to the SAFE Banking Act. The measure now has 107 sponsors, representing 24.5% of the entire House. An updated Senate version of the bill, the SAFER Banking Act, has 36 sponsors.
Both the SAFE and SAFER Banking Acts would allow banks and other financial institutions (credit unions, for example) to provide banking services to state-legal marijuana businesses. This included debit and credit card services and access to business loans. The SAFE Banking Act was filed in April, while the SAFER Banking Act was filed in September.
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Mar 20 2024
According to the Michigan Cannabis Regulatory Agency, there was $261,036,389 worth of marijuana and marijuana products sold legally in February. This is an over $18 million increase from the $242,812,694 sold in January, and an increase of $45 million compared to total sales for February, 2023.
Of the $261 million in sales, just $2,178,744 was sold to medical marijuana patients, with the remaining $258,857,645 sold to recreational consumers.
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Mar 20 2024
In total there was $113.4 in legal marijuana sold in February, an increase of $3.6 million from the total sales for January, despite the month being two days shorter. This is according to data compiled and released by the Missouri Department of Health and Senior Services.
The $113.4 million represents a roughly $10 million increase from marijuana sales for the previous February. Of the $113.4 million sold, $98.3 million was sold to recreational consumers, with $15.1 million sold to medical marijuana patients.
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Mar 19 2024
The House Consumer Protection & Commerce Committee voted today to pass Senate Bill 3335, which would legalize recreational marijuana for everyone 21 and older. If the measure is passed by the full House of Representatives, it will be sent to Governor Josh Green for consideration.
If enacted into law, the measure would legalize the possession, personal cultivation and license distribution of marijuana. The legal marijuana industry would be overseen by the Hawaii Cannabis Authority and Cannabis Control Board, established within the Department of Commerce and Consumer Affairs. The Authority would handle licensing, regulatory oversight and so forth.
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Mar 19 2024
Since California became the first state to legalize medical marijuana in 1996, 37 others states have followed suit, although with varying approaches. Nine other states have passed laws allowing the medical use of low-THC / high-CBD products.
Among the 12 states that have not legalized medical marijuana, a handful have serious efforts underway to change that.
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