Category: Uncategorized
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Illinois to Open Adult-Use Retail Application Window January 30th
Pritzker Administration Announces Timeline for Next Cannabis Dispensary License Lottery CHICAGO – Following extensive conversations with lawmakers and other stakeholders, the Illinois Department of Financial and Professional Regulation (IDFPR) has announced the timeline for the next round of cannabis dispensary licenses. Applications for the lottery will be accepted starting in January. Those interested in applying…
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The Great Awakening: FTX Stole Customer Money
Testimony of Mr. John J. Ray III CEO, FTX Debtors December 13, 2022 House Financial Services Committee Chairwoman Waters, Ranking Member McHenry, distinguished members of the Committee: thank you for the invitation to appear before you today. I truly appreciate – and am very grateful for – your interest in this matter, and I hope…
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40% of Oregon Cities Ban Psilocybin Businesses
BAKER COUNTY: BANS PSILOCYBIN-RELATED BUSINESSES AND FACILITIES WITHIN UNINCORPORATED BAKER COUNTY.YES 66.48% 5,478NO 33.52% 2,762TOTAL VOTES 8,240 CITY OF BAKER CITY: PROHIBITS PSILOCYBIN-RELATED BUSINESSES WITHIN BAKER CITY.YES 64.75% 2,943NO 35.25% 1,602TOTAL VOTES 4,545 CITY OF HALFWAY: PROHIBITS PSILOCYBIN-RELATED BUSINESSES AND FACILITIES WITHIN HALFWAY CITY LIMITSYES 65.34%. 115NO 34.66% 61TOTAL VOTES 176 CITY OF HUNTINGTON: PROHIBITS…
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Early Michigan Cannabis Ballot Measure Results
Hagar Township Ordinance for Marihuana Facilities ProposalPrecincts fully reported: 2 of 2 100.00%Ballots: 1,551Yes 670 47.93%No 728 52.07%Total: 1,398 100% Niles Charter Township Marihuana Establishments ProposalPrecincts fully reported: 5 of 5 100.00%Ballots: 5,365Yes 2,322 48.03%No 2,512 51.97%Total: 4,834 100% Zilwaukee Township Initiated Ordinance Number 2022-0001 Repeal of Marihuana ProhibitionPrecincts fully reported: 1 of 1 100.00%Ballots:…
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Utah Accepts Crypto as Currency
The State of Utah proposed a new rule that allows state agencies to accept digital currency for payment owed. Public comment is being accepted through November 14, 2022. The tentative effective date is November 21, 2022. #digitalcurrency#crypto#rules#utah NOTICE OF PROPOSED RULE TYPE OF RULE: New Rule or Section Number: R25-25 Filing ID: 54909 Agency Information…
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Acceptance of Cannabis Is Growing: How Are Industry Stocks Performing?
Each year, at this time of significance for the cannabis industry, Jushi Holdings (JUSHF), a vertically integrated, multi-state operator in the cannabis business, commissions a poll on attitudes to cannabis. This year’s poll…
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The Emerging Cannabis Industry Needs Targeted Capital and Is in Danger of Suing Itself to Oblivion
When Illinois passed its adult-use cannabis legislation in June of 2019, the future for the business in the state looked bright. Since then, though, it has hit the rocks, mired down by a failure to achieve social equity goals and a string of lawsuits that have held up licensing, especially in the areas of craft…
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The Good and Bad of Massachusetts’ Successful Adoption of Adult-Use Cannabis Legislation
Massachusetts approved the legalization of recreational, adult-use cannabis by ballot measure in 2016, making it one of the earliest states to do so. Since then, the rollout of the business there has gone well, and the state is often held up by those in the industry as an example of how things should be done.
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Lessons From the World’s Largest Retail Cannabis Market
California pioneered the cannabis industry in America by passing Proposition 215 in 1996 that legalized medical marijuana. It is now, by most measures, the world’s largest locally regulated cannabis market. In 2021, retail stores in the state sold over $5.2 billion worth of products, a 20% increase on the 2020 numbers, and the market there…
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Focus on New Jersey
The three states that make up the New York tri-state area, New York, New Jersey, and Connecticut, are all in the process of implementing adult-use cannabis laws.