Month: August 2023

Posted on

Minnesota Recreational Cannabis Implementation Details

Like the others, Minnesota’s journey towards legalizing recreational cannabis has been complex and evolving, one to say the least. Now, adults aged 21 and older are allowed to purchase and possess up to 1.5 ounces (32 grams) of cannabis flower while up to two pounds are allowed at home. Citizens can also grow up to eight plants per household for personal use.

That said, for the same reasons you can’t Edward 40-Hands a couple of Old English bottles anywhere you want in town, public consumption remains illegal. Driving under the influence of cannabis continues to be illegal.

Don’t expect to walk into a local dispensary any time soon. There are two tribal nations in northern Minnesota who will open recreational dispensaries this month – the Red Lake and the White Earth nations exercised their rights, under tribal sovereignty, to allow sales. But most other dispensaries aren’t expected to be up and running until early 2025. The state continues to work on a licensing and regulatory system….

Read Original Article Here

Posted on

The Expanding Florida Marijuana Market: A Closer Look

Florida has one of the largest medical cannabis industries, supporting over 800,000 patients and tallying up a massive net worth of $1.75 billion— projected to reach $2.4 billion by 2026. 

Right now, multistate operators (MSOs) are racing to expand their retail presence in the state’s lucrative market by strategically positioning themselves in anticipation of potential adult-use legalization. This move could bring about a lot of huge opportunities in the retail space.

However, investing in it is still questionable.

Medical dispensaries are currently creating fierce competition and toeing the line of saturating Florida cannabis market. As a result, current license holders are discounting their products deeply to compete, even though many companies are reporting flatlining sales.

Even though prices are getting cut left and right and analysts see all the signs of saturation, representatives of these companies believe that the store saturation point hasn’t been hit yet— especially if full recreational legalization is on the horizon.

Verano Holdings, an MSO based in Chicago, just opened its 70th store and is now the second-largest company in Florida regarding the number of stores. They’re right behind Trulieve Cannabis, which opened its 126th store in August. Other MSOs like Curaleaf Holdings and…

Read Article Here

Posted on

Ohio Adult Use Recreational Cannabis Push 2023

After legalizing medical marijuana in 2016, the state of Ohio could soon become an adult-use market, now that local organizers have collected enough signatures to secure recreational cannabis’s spot on the upcoming November ballot.  The Coalition to Regulate Marijuana Like Alcohol broke local news headlines after announcing, in early July, that they had already collected an unprecedented 222,000 signatures in support of the initiative, and required only 679 more to include the issue in the upcoming municipal election.

The Coalition was granted an extension, and just days before the August 4th deadline, they announced that they had gathered “more than enough signatures” to achieve their goal: “Today, our Coalition submitted 6,545 additional signatures to the Ohio Secretary of State, well above the 679 left to get on the ballot this November.”

The Coalition has pushed residents and lawmakers to incorporate their petition since January 2022, and the carefully-crafted proposal is modeled off of successful recreational marijuana programs in other legalized states, while incorporating the existing regulatory framework in place for the Ohio’s medical dispensaries. The Coalition’s goal is to transform Ohio into an adult use market in which any resident, aged 21 and older, can simply “walk into” a dispensary and purchase…

Full Article Here