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?”

More Seniors Seek Marijuana for Age-Related Aches

The group of white-haired folks — some pushing walkers, others using canes — arrive right on time at the gates of Laguna Woods Village, an upscale retirement community in the picturesque hills that frame this Southern California suburb a few miles from Disneyland.

There they board a bus for a quick trip to a building that, save for the green Red Cross-style sign in the window, resembles a trendy coffee bar. The people, mostly in their 70s and 80s, pass the next several hours enjoying a light lunch, playing a few games of bingo and selecting their next month’s supply of cannabis-infused products. Continue reading “More Seniors Seek Marijuana for Age-Related Aches”

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”

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”

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”

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”

Canopy Growth CEO says ‘For sure there’s a marijuana bubble’

Canopy Growth Corporation saw its shares fall 13% on Wednesday after reporting disappointing earnings that included a revenue decline. Analysts had expected better results from Canopy after Canada launched legal recreational marijuana sales on Oct. 17. Continue reading “Canopy Growth CEO says ‘For sure there’s a marijuana bubble’”

Illinois just elected a cannabis-friendly governor and Chicago pot companies are on the move

In the past six months, Illinois marijuana companies have gone public in Canada, raised hundreds of millions of dollars to fund expansions and consolidated through a number of deals — one topping $680 million.

The state’s medical marijuana companies are moving at a fast and furious pace. They are largely past the days when growth was stagnant and there was a stigma around weed. About 60 percent of Americans think recreational marijuana should be legalized, and Illinois just elected a governor, Democrat J.B. Pritzker, who has said he is one of them. Continue reading “Illinois just elected a cannabis-friendly governor and Chicago pot companies are on the move”

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”

Mandatory Testing Costly For Colorado Marijuana Growers

New mandatory marijuana pesticide testing in Colorado is putting a financial squeeze on local cultivators to the tune of thousands of dollars in increased costs.

The added expense is the latest financial blow to hit the state’s cultivators, which are already struggling with falling wholesale prices and a glut of product. Continue reading “Mandatory Testing Costly For Colorado Marijuana Growers”