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Changes to Maryland’s medical marijuana program could boost sales

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Maryland regulators have made changes to the medical marijuana program that make it easier for patients to renew their medical marijuana IDs and reduce the cost of the cards, which could drive up patient numbers and lead to more sales for dispensaries.

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The Maryland Medical Cannabis Commission acted to make ID cards valid for six years, instead of only three, and lowered the price of the cards from $50 to $25, the Baltimore Business Journal reported.

Industry advocates and business owners have been calling for the changes, saying that renewing patient ID cards can often be difficult.

Those potential improvements to the MMJ program in Maryland come after a failed effort this year to legalize recreational marijuana: Legalization bills did not meet a deadline for advancing from one legislative chamber to the other.

The adult-use measures, which included a focus on social equity and industry diversity, got

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Marijuana Business Daily

North Dakota recreational marijuana legalization initiative makes fall ballot

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North Dakota on Monday became the fifth state this year to have a recreational marijuana legalization ballot question certified for the November election.

According to a news release from New Approach North Dakota, the adult-use proposal – formally known as Initiated Statutory Measure No. 1 – was placed on the ballot by the secretary of state after a determination that the campaign had gathered the minimum number of voter signatures required.

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If voters approve the ballot question, it will authorize another new recreational cannabis market and would:

Establish a regulated adult-use market. Require marijuana product lab testing for safety and quality assurance. Allow marijuana possession of up to an ounce by anyone 21 or older. Prohibit public consumption. Allow home cultivation of up to three plants.

The measure, which would allow for up to seven manufacturing licenses and 18 retail permits, calls for state regulators

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Marijuana Business Daily

New Jersey adult-use cannabis sales reach nearly $80M in 2nd fiscal quarter

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New Jersey adult-use cannabis businesses recorded nearly $79.7 million in total sales between April 21 and June 30 of the state’s second fiscal quarter.

The sales information was released by the state Cannabis Regulatory Commission and Treasury Department and reported by the New Jersey Herald in Newton.

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That figure includes nearly $1.9 million in recreational sales on April 21, the day New Jersey recreational sales launched with a dozen stores.

Medical cannabis sales rose to $59.3 million during the second fiscal quarter, bouncing back from a small decrease during the previous three months, according to the New Jersey Monitor.

There are 18 medical marijuana dispensaries in New Jersey licensed to sell recreational cannabis; another location in Montclair, owned by Ascend Wellness, has state approval but is waiting for a local license.

The Monitor also reported that an eighth of an ounce of marijuana can cost up to

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Marijuana Business Daily

New Massachusetts reform law expected to boost state’s marijuana industry

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This free resource offers practical business tips and valuable insights from cannabis extraction professionals to help plan or scale your extraction or processing operation with confidence.

Inside the MJBizDaily Extraction Buyers Guide: In-depth guidance for planning a CBD extraction business Best practices in sourcing solvents + solventless materials Lessons in shopping for extraction/processing equipment Tips for outfitting a facility for psilocybin mushroom extraction And more!

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