Marijuana advocates cry foul on Gov. Kristi Noem using state funds for lawsuit in South Dakota
Advocates for a voter-passed measure to legalize marijuana in South Dakota are crying foul about a taxpayer-funded lawsuit from Gov. Kristi Noem opposing the measure as the battle over the issue enters its final round at the state Supreme Court. At one point during the legal proceedings, taxpayers were paying... Read more
Efforts underway to legalize recreational marijuana in Missouri
Could recreational marijuana become legal in Missouri? There are several efforts in the works to make it happen, from legislation to petitions. But not everyone is on board. Running a dispensary is more than a full-time job. “It’s a lot. It’s just 24 hours a day, that’s all we... Read more
Michigan distributes $10 million in tax revenue to communities with recreational marijuana businesses
The Michigan Department of Treasury is distributing nearly $10 million to more than 100 communities as a part of the Michigan Regulation and Taxation of Marijuana Act. More than $341 million in adult-use marijuana sales were reported for fiscal year 2020. This week, 38 cities, seven villages, 21 townships and... Read more
U.S. Cannabis Sales Hit Record $17.5 Billion As Americans Consume More Marijuana Than Ever Before
The coronavirus was good for some industries and ruinous for others. For cannabis, 2020 was a breakout year. Legal sales across the U.S.—15 states allow adult use, 35 allow for medical sales—hit a record of $17.5 billion, a 46% increase from 2019, according to a new report. Most of the sales growth came from adult-use... Read more
Wyoming Looking at Full Marijuana Legalization to Generate ~$49.5M in New Revenues
14 Wyoming legislators are sponsoring a bill to legalize marijuana in the state. If House Bill 209 were to become law, anyone 21 years or older could legally possess retail marijuana (in amounts explained below) or cultivate marijuana for personal use (also explained below). The legislation proposes imposing a 30% excise... Read more
Gov. Justice Open to Recreational Marijuana Legalization in West Virginia
Governor Jim Justice’s opposition to legalizing marijuana for recreational purposes appears to be softening. Justice opened the door just a crack during a virtual town hall meeting Tuesday, where the Governor was again pitching his proposed elimination of the state income tax. A questioner—Dylan from Ripley—asked, “Do you support... Read more
U.S. Marijuana Legalization Could Decide Future of Canadian Marijuana Stocks
While I analyze the entire legal marijuana industry—both U.S. and Canadian pot stocks—there’s a fundamental difference between the two. The simple fact is that what’s good for U.S.-based pot stocks may actually be bad for Canadian weed stocks, and vice versa. As a marijuana stock investor, it’s important to understand what... Read more
The 10 Best Marijuana Stocks in February
Following a more than one-year downtrend, there’s no longer any doubt about it: Marijuana stocks are back in a big way. Cannabis projects as one of the fastest-growing industries this decade, with a report from New Frontier Data suggesting that U.S. pot sales could potentially triple by 2025 to... Read more
NJ legalized weed but left out black market pot dealers. Now, they want in.
This isn’t legal. Recreational marijuana, as of last week, is legal in New Jersey, but what Ed Forchion is pulling off at his restaurant on East State Street — or, rather, down the alley and behind the restaurant — is something entirely different. On a recent day, a dozen or more people were crammed into... Read more
As Marijuana Legalization Advances In The D.C. Region, Lawmakers Focus On Racial Equity
When talk of legalizing marijuana at the state level started a decade ago, many advocates and lawmakers were focused on how the programs would work and how much revenue they’d bring in. Now, those conversations have shifted: how can the programs and revenue work for Black and brown communities... Read more
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