The Cuomo Administration has provided details for its plan to regulate and tax adult-use recreational cannabis in its budget plan. The Governor says it could generate $350 million in revenue a year once matured.
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January 1, 2021
Senate marijuana panel proposes changes to Northam legalization bill, would delay sales until 2024
Localities that don’t wish to have marijuana retailers in their jurisdictions may be able to opt out via referendum, according to a recommendation from a Senate panel examining a proposal to legalize the drug in Virginia.
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January 1, 2021
House bill impact on hemp regulation in ND
Some changes could be coming to how North Dakota regulates hemp. The law requires the state to sample and test hemp products.
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January 1, 2021
Constitutional ban on legal pot advances in Idaho
As legal weed becomes a reality in every corner of the U.S., Idaho is putting up a fight. State lawmakers on Friday moved forward with a proposed constitutional amendment that would bar the legalization of marijuana in Idaho in an attempt to keep the growing nationwide acceptance of the drug from seeping across its borders.
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January 1, 2021
Marijuana possession could be legal in Virginia by this summer, here’s where the bill stands
On Thursday, a Senate panel endorsed legalizing the possession of recreational marijuana in Virginia by this summer, though legal sales could take much longer. The change was suggested as members of the Senate Judiciary Committee continued to debate a lengthy and complex bill in which few provisions are final.
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January 1, 2021
New bill would allow you to grow your own marijuana as N.J. legal weed debate continues
As lawmakers and Gov. Phil Murphy debate change to a bill that will launch legal marijuana sales in New Jersey, one Republican senator has introduced a bill that would allow residents to grow up to six weed plants at home. Sen. Gerald Cardinale, R-Bergen, is the primary sponsor of S3407, introduced Thursday.
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After weeks of fruitless negotiations on penalties for underage marijuana use and with a deadline to sign two marijuana reform bills looming, Gov. Phil Murphy and lawmakers inched closer to a compromise Thursday. Talks resulted in a new cleanup bill to address the issue and discussions are continuing, according to two sources with knowledge of the negotiations.
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January 1, 2021
What Happens if India Legalises Marijuana: It Can Reach New 'High' and Beat China at its Game Too
The market for cannabis products, both recreational and industrial, seems to be on the verge of major growth. Though China dominates global supply, its grasp over the market might weaken if companies consider moving supply chains out of the country, as they have throughout 2020. This sentiment likely won’t last and must be taken advantage of...Rhea Chakraborty may never have heard of Harry Anslinger and has definitely never met him.
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December 21, 2020
Paul introduces bill to raise THC limit for hemp
Sen. Rand Paul (R-Ky.) introduced legislation that would change the legal definition of hemp, raising the limit of THC to 1% from 0.3%. The Hemp Economic Mobilization Plan (HEMP) Act of 2020 also would mandate testing of the final hemp-derived product rather than the hemp flower or plant itself, require hemp shipments to contain a copy of the seed certificate showing the plant was grown from 1% THC seed and define a margin of error for testing THC levels. Hemp farmers and processors in Kentucky are in favor of raising the THC limit; per current laws and regulations, the paper said, crops testing above 0.3% must be destroyed. The bill has received support from activists and farmers in Kentucky and national groups, including the American Farm Bureau Federation. The Kentucky Hemp Association and Vote Hemp also expressed support for the legislation.
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December 21, 2020
N.J. lawmakers OK bills to create legal marijuana industry and approve bill to stop weed arrests
N.J. lawmakers OK bills to create legal marijuana industry and approve bill to stop weed arrestsN.J. lawmakers OK bills to create legal marijuana industry and approve bill to stop weed arrests; New Jersey legislators approved three bills Thursday that radically change how the state approaches drug use involving marijuana. The state’s Senate and Assembly voted first to create a new and legal marijuana industry from scratch and called for new regulations to be written within six months. Both houses also approved a bill that decriminalizes possession of up to six ounces of cannabis. That second bill is designed to stop arrests and expunge criminal records of low-level marijuana offenses. The third bill, meanwhile, will reduce penalties for possessing psilocybin, also known as magic mushrooms, from a felony charge to a disorderly persons offense. “This is an historic day, the culmination of years of work,” said Amol Sinha, executive director of the ACLU of New Jersey, on the vote to legalize marijuana for all adults. “The decriminalization bill is among the most progressive in the country.” Gov. Phil Murphy, who campaigned on a platform to legalize marijuana, is expected sign the bills into law as soon as next week. Business news and analysis sent straight to your inbox every Tuesday morning.
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