Oregon’s Marijuana Surplus Not Gloom and Doom of Booming Market

The Oregon Liquor Control Commission at the end of January issued a study claiming there’s enough marijuana to supply the state’s recreational market for 6.5 years.

The “2019 Recreational Marijuana Supply and Demand Legislative Report” stated the finding was in theory and stems from over-production.

Brandon Krenzler and Erin Purchase argued just how theoretical the finding is. They own and operate Kind Leaf, one of the three retail marijuana stores in Pendleton, and employ about 30 people. They said the market is far from collapsing, and much of the surplus is stuff that will not sell. Continue reading “Oregon’s Marijuana Surplus Not Gloom and Doom of Booming Market”

1st Legal Marijuana Stores Are Open in Massachusetts

After years of preparation and debate, legal marijuana is now a reality in Massachusetts.

Any adult can walk into a store, pay cash and walk out with a joint, which they can smoke, legally, in their home.

But the roll-out of the first marijuana stores is only the beginning. In the coming year, marijuana entrepreneurs and regulators will face a host of challenges, from enabling small businesses to enter the market to writing regulations for marijuana cafes to figuring out how to address drugged driving. Continue reading “1st Legal Marijuana Stores Are Open in Massachusetts”

Israeli Cabinet Ministers Approve Exports of Medical Marijuana

Cabinet ministers on Sunday approved the export of medical cannabis, paving the way for Israeli marijuana growers to begin international sales.

A cabinet statement said the decision is expected to increase the number of Israeli manufacturers, investments in agriculture, research and production, and create new jobs in the related fields.

The move caused stocks in medical cannabis companies to surge, but exports are not expected to begin until later this year, after the bureaucratic procedures governing the export process are put in place. Continue reading “Israeli Cabinet Ministers Approve Exports of Medical Marijuana”

Arizona Lawmaker Wants to Cut Expenses for Medical-Marijuana Cardholders

A Republican lawmaker wants to reduce the financial burden on medical- marijuana patients.

A proposal by Sen. Sonny Borrelli of Lake Havasu would extend the state’s current one-year certifications for medical-marijuana cards to two years. For patients, that would eliminate both the expense of a required second-year trip to the doctor and of paying the second-year annual fee to the state. Continue reading “Arizona Lawmaker Wants to Cut Expenses for Medical-Marijuana Cardholders”

Latest Bill to Legalize Marijuana Gains Momentum in New Mexico

Recreational marijuana would become legal for people 21 or older in New Mexico and the state could tax marijuana sold in licensed stores under a bill introduced Thursday by state Rep. Javier Martínez, D-Albuquerque.

House Bill 356 would establish a licensing system that supporters say favors small businesses and institute a 9 percent tax on marijuana for buyers who are not patients in the state’s Medical Cannabis Program. Continue reading “Latest Bill to Legalize Marijuana Gains Momentum in New Mexico”

New Zealand Law to Make Medical Marijuana Widely Available

New Zealand’s government on Tuesday passed a law that will make medical marijuana widely available for thousands of patients over time.

The legislation will also allow terminally ill patients to begin smoking illegal pot immediately without facing the possibility of prosecution.

The measures come ahead of a planned national referendum on recreational marijuana use. The government has pledged to hold the referendum some time over the next two years, but has not yet set a date or finalized the wording. Continue reading “New Zealand Law to Make Medical Marijuana Widely Available”

Michigan marijuana dispensaries won’t run out of pot after state offers help

Licensed medical marijuana dispensaries got a break Wednesday, ending a mini-panic over a shortage of marijuana from licensed growers.

A new resolution that will be considered by the Medical Marijuana Licensing Board next week will allow licensed dispensaries to continue to purchase, test and sell marijuana from registered caregivers, who have been supplying dispensaries while state-licensed growers get up and running to produce usable marijuana. Continue reading “Michigan marijuana dispensaries won’t run out of pot after state offers help”

Patents on Pot? U.S. Lawsuit Puts Cannabis Claims to the Test

In October, the U.S. government issued Axim Biotechnologies Inc a patent for a cannabis-based suppository to treat irritable bowel syndrome.

Britain’s GW Pharmaceuticals Plc, which recently brought to market a drug derived from marijuana for epilepsy, is now seeking patent protection for another one to treat eczema.

With marijuana now fully legal in Canada and at least partially legalized in the majority of U.S. states, companies are rushing to patent new formulations of the age-old botanical.  Continue reading “Patents on Pot? U.S. Lawsuit Puts Cannabis Claims to the Test”

Recreational Marijuana Sales to Begin in Massachusetts Tuesday

The first two retail marijuana shops in Massachusetts are set to begin selling products to the public Tuesday, marking the first time recreational pot will be sold east of the Mississippi.

The Massachusetts Cannabis Control Commission has given the green light to Cultivate Holdings, LLC, which has a retail shop in Leicester, and New England Treatment Access (NETA) LLC, which is readying a store in Northampton, to start selling marijuana and marijuana products. Continue reading “Recreational Marijuana Sales to Begin in Massachusetts Tuesday”

Marijuana Industry Has New Jersey Politicians Seeing Green

State Sen. Nicholas Scutari (D-Linden) likes to tell the story of the dinner party he attended years ago, when he had just arrived in Trenton.

“I said to the table, ‘I’m going to legalize marijuana in the state of New Jersey someday, and they laughed at me and laughed,’” said Scutari, who is also the city prosecutor in Linden and chairman of the Union County Democratic Committee. Continue reading “Marijuana Industry Has New Jersey Politicians Seeing Green”