Marijuana Business Daily

New Hampshire gov touts tax-free, state-run adult-use cannabis industry

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2 weeks ago

May 15, 2023

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Following the New Hampshire Senate’s rejection of an adult-use marijuana legalization proposal last week, Republican Gov. Chris Sununu offered a unique path forward that may still deeply disappoint the cannabis industry: tax-free legal cannabis, but sold only in state-owned stores, with tight state control and local bans allowed.

New Hampshire remains the only state in small, relatively unpopulated New England that has not legalized recreational cannabis for all adults 21 and over.

There is medical access, but with strict licensing caps.

That status quo will remain for now after the state Senate voted down a legalization proposal for the second consecutive year on Thursday on a mostly partisan, Republican-led party-line vote, 14-10.

But a majority of state residents still want legalization, a reality Sununu acknowledged in a statement published Friday.

Claiming that illicit market cannabis is tainted with fentanyl – an oft-repeated claim that experts

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Texas medical marijuana expansion fails in state Senate

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2 days ago

May 26, 2023

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An effort to expand Texas’ medical marijuana program beyond low-THC CBD oil failed in the state Legislature.

And a move to reduce criminal penalties for marijuana possession also was unsuccessful, Austin TV station KXAN reported.

House lawmakers approved both bills, but the measures then stalled in Senate committees.

House Bill 1805 would have increased the amount of THC allowed in products manufactured and sold in the state’s MMJ program from 1% by dry weight to 10 milligrams of THC by “dosage unit.”

HB 128 would have reduced possession of up to 1 ounce to a citable misdemeanor punishable by no more than a fine of $500.

May 24 was the last day this session for bills passed in one chamber to also be approved in the other.

Despite living under some of the most draconian drug laws in the United

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Q1 cannabis sales in California fall to $1.25M, lowest level since pandemic

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2 days ago

May 26, 2023

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First-quarter cannabis sales in California slid to $1,249,584,223, the lowest quarterly total since the onset of the COVID-19 pandemic, according to the latest statistics from the state’s Department of Tax and Fee Administration.

Sales were down 5.9% from the same quarter a year ago and the lowest since the second quarter of 2020, when sales were $1,153,285,028.

The first-quarter statistics put California’s marijuana operators on track to generate just less than $5 billion in sales this year, or 7.1% less than 2022, when taxable sales of recreational and medical marijuana eclipsed $5.3 billion.

If projections hold true, cannabis sales would fall for the second consecutive year in the world’s largest regulated market.

It’s the first time that has happened since regulations for adult-use retail sales were established in 2018.

Sales last year decreased 8.6% from roughly $5.8 billion in 2021, according to state data.

Beyond high

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Minnesota aims to issue adult-use marijuana retail licenses in 1 year

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2 days ago

May 26, 2023

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Minnesota regulators will start issuing adult-use marijuana retail licenses one year from now if they’re able to stick to their planned timeline.

A request for vendors posted by the state noted that license applications are scheduled to begin in May 2024 and sales would start in January 2025, MPR News reported.

Gov. Tim Walz still must sign the recently passed adult-use cannabis legalization bill into law, but he has indicated he plans to.

The law, which legislators narrowly passed in April, also allows adults 21 and older to grow their own cannabis.

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