Phil Murphy Sets May Deadline for New Jersey Legal Marijuana Vote, What’s Next?

When Gov. Phil Murphy came into office, he vowed to legalize marijuana within 100 days.

Now? It’s looking like weed may not be legalized until 500 days into Murphy’s tenure — at the earliest.

The push for New Jersey marijuana legalization hit a roadblock last month when scheduled votes on the bill to legalize weed were postponed. While the bill had enough votes to pass in the Assembly, the support wasn’t there in the Senate. Continue reading “Phil Murphy Sets May Deadline for New Jersey Legal Marijuana Vote, What’s Next?”

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”

Pennsylvania State Rep. To Introduce Recreational Marijuana Bill

If recreational marijuana becomes legal in Pennsylvania in the near future, its roots could be traced back to Pittsburgh.

State Rep. Jake Wheatley (D-Hill District) plans to introduce a bill to legalize the sale and purchase of marijuana throughout Pennsylvania. And not just medical marijuana, which has been sold since February, but recreational marijuana. This bill, if enacted into law, would also expunge criminal records for marijuana-related crimes that would become legal under the new law. Continue reading “Pennsylvania State Rep. To Introduce Recreational Marijuana Bill”

U.S. Marijuana Companies Go Public in Canada

Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access to enough capital to make it all happen.

So last month, the company with $20 million in revenue from pot shops in seven states turned its gaze north and went public in Canada, where marijuana soon will be broadly legalized nationwide. Continue reading “U.S. Marijuana Companies Go Public in Canada”

Michigan Appeals Court Deems ‘Wet Marijuana’ Illegal In Setback

Medical marijuana caregivers and cultivators in Michigan can’t process their plants without breaking the law as a result of a Michigan Court of Appeals decision this month, according to cannabis lawyers.

“Wet marijuana” — a loose term for the time between when a marijuana plant is cut and fully dried for consumption — is not covered by state law, according to a Court of Appeals ruling July 19. Continue reading “Michigan Appeals Court Deems ‘Wet Marijuana’ Illegal In Setback”

Has The U.S. Reached A ‘Tipping Point’ In Marijuana Legalization?

Has the U.S. reached the “tipping point” in marijuana legalization? That’s what one CNN commentator said happened last month when, on June 26, Oklahoma adopted medical marijuana through a ballot initiative — making it the 30th state to do so, as you can see in the figure below. Continue reading “Has The U.S. Reached A ‘Tipping Point’ In Marijuana Legalization?”

Nearing Legalization, Canadian Marijuana Companies Are Looking To Hire

Canadian marijuana companies are on a hiring spree, looking to fill an array of roles as they gear up for the legalization of recreational cannabis later this year.

The workforce is booming, said Alison McMahon, who runs Cannabis At Work, a staffing agency focused on the burgeoning industry. Continue reading “Nearing Legalization, Canadian Marijuana Companies Are Looking To Hire”

California Issues First Legal Marijuana Business Licenses

California’s legal marijuana market is finally, fitfully, taking shape.

The state on Thursday issued the first batch of business licenses to sell and transport recreational-use pot, just 18 days before legal sales will begin on Jan. 1, 2018.

The 20 temporary licenses — some of which were for the previously existing medical marijuana industry — represent a fraction of the thousands of licenses expected to follow as the state embraces legal weed in 2018, but their release set off jubilation. Continue reading “California Issues First Legal Marijuana Business Licenses”

California Looks To Solve Banking Issues As Legal Marijuana Nears

California has a possible solution to the problem of banks being unwilling to handle money from the state’s multibillion-dollar legal marijuana industry, one that officials say would be the first system of its kind in the nation.

Talks are underway between the state, banks and federal regulators on a plan to allow banks to serve a marijuana market that is expected to grow to $7 billion annually by 2020 in California. Starting Jan. 1, it will be legal to grow and sell marijuana for recreational and medical uses. Continue reading “California Looks To Solve Banking Issues As Legal Marijuana Nears”