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GOP cannabis rescheduling bill in Congress (Newsletter: February 1, 2023)

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Truckers leaving workforce over marijuana; Booker on banking; DC medical cannabis expansion signed; MN legalization vote; BC drug decrim

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/ TOP THINGS TO KNOW

Rep. Greg Steube (R-FL) filed a new bill in Congress to move marijuana from Schedule I to Schedule III. The proposal comes as the Biden administration is conducting a review of cannabis’s scheduling status.

New Federal Motor Carrier Safety Administration data shows that more than 40,000 truck drivers tested positive for marijuana in 2022—a 32 percent annual increase. Meanwhile, more than half of commercial drivers who tested positive for drugs haven’t enrolled in the return-to-work process amid labor shortages.

Sen. Cory Booker

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Delaware Officials Receive More Than 1,200 Applications For Marijuana Business Licenses, ‘Substantially’ More Than Expected Ahead Of Market Launch

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Delaware officials say they have received more than 1,200 applications for marijuana business licenses ahead of a lottery for retailers—which is “substantially” more than they anticipated after opening up the application window in August.

From August 19 to September 30, the Office of the Marijuana Commissioner (OMC) took in 1,269 paid license applications, with fees totaling about $4.1 million. The first licensing lottery for retailers is set to take place on October 24.

“For three of the license categories—Open Testing Lab, Social Equity Testing Lab, and Micro Manufacturing Licenses for Sussex County—the number of applications received matched or fell below the available licenses in those categories; therefore, no lottery will be required,” OMC said.

Due to the “significant interest” in retail licenses, however, the office said it will “conduct a separate lottery for all Retail licenses and any other license categories not reviewed in time for the first lottery in October. This lottery phase is tentatively scheduled for late November or early December.”

A total of 125 licenses will ultimately be issued, including 30 retailers, 60 cultivators, 30 manufacturers and five testing labs. Earlier this month, regulators also detailed what portion of each category is reserved for social equity applicants,

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Illinois Officials Tout Diversity In Marijuana Industry Ownership, But Many Businesses Have Yet To Become Operational

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“These things seem to be simple, and that’s what we’re learning: Everything isn’t simple.”

While Illinois’s cannabis market is booming and the state has made progress in diversifying new licensees, significant hurdles remain for businesses hoping to enter the expanding market, according to an independent review of the industry.

Celebratory news releases have marked several industry successes in recent months—the state saw the opening of its 100th social equity cannabis dispensary and surpassed $1 billion in cannabis sales in 2024.

Gov. JB Pritzker (D), since signing the Cannabis Regulation and Tax Act in 2019, has often repeated that social equity is at the core of Illinois’ cannabis program. In July, he praised a newly commissioned, independent diversity report regarding the industry that identified progress—and hurdles—for the stated diversification goal.

The independent diversity study—commissioned by the state at a cost of $2.5 million by Peoria-based Nerevu Group consulting firm—found that while the state has awarded more licenses to women and people of color than any other regulated market in the United States, white men are still the demographic most likely to have a cannabis license in Illinois.

But the Department of Agriculture’s most recent licensee

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Maryland Marijuana Tax Revenue Surges 52% To $22 Million In Second Quarter Of 2024, State Officials Say

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Maryland saw more than $22.3 million in tax revenue from adult-use marijuana sales during the second quarter of 2024—a 52 percent increase compared to the prior quarter—according to state officials.

The state comptroller, Brooke Lierman, announced on Tuesday that cannabis tax dollars totaled $22,357,011 for the second quarter, up from $14,671,110 in the first quarter of the year.

Here’s how that tax revenue is being distributed: 

Community Reinvestment and Repair Fund: $7,824,954 Local governments: $1,117,851 Cannabis Public Health Fund: $1,117,851 Cannabis Business Assistance Fund: $1,117,851 State general fund: $11,178,504

These latest figures come about two months after the Maryland Cannabis Administration (MCA) announced that the state had reached a different marijuana milestone, with licensed retailers having sold more than $1 billion worth of legal marijuana products since the adult-use market opened last July.

Comptroller Lierman today announced that Maryland collected more than $22.3 million in adult-use cannabis sales tax revenue between Q2 2024, a 52% increase in revenue compared with revenue collected in Q1 of 2024.

Read the full report: https://t.co/RmyCKtxwQA pic.twitter.com/J2lKf0nWxJ

— Comptroller of Maryland (@MDComptroller) September 24, 2024

Meanwhile, the governor of Maryland said last month that as the state works to build upon

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