Maryland Adult-Use Cannabis Program Signed Into Law

May 4, 2023 | News

On May 3, Maryland Governor Wes Moore signed legislation to implement the voter-approved legalization measure that passed in the November 2022 election. The General Assembly’s legislation provides guidelines for Maryland’s adult-use cannabis industry, which will be launched on July 1, 2023. The bill includes provisions that address social equity, criminal justice reform, and public health.

According to Cannabis Business Times, the legislation includes provisions for automatic expungement of certain cannabis-related offenses, prioritizing licenses for minority-owned businesses and individuals harmed by the war on drugs, and ensuring that the cannabis industry provides benefits to the communities most affected by prohibition. The bill also establishes a tax structure for adult-use cannabis sales, with the revenue being used for public education and other initiatives.

The implementation of Maryland’s adult-use cannabis market is expected to bring economic benefits to the state, including increased tax revenue and job creation. It is estimated that the market could generate over $200 million in annual tax revenue and create thousands of jobs.

With the legalization of adult-use cannabis, Maryland joins a growing list of states that have legalized cannabis for recreational use, including Colorado, California, and Massachusetts. The legalization of cannabis for recreational use is a significant milestone in the cannabis industry, as it indicates a shift in public opinion towards the acceptance of cannabis as a legitimate and valuable industry.

The implementation of Maryland’s adult-use cannabis market is an exciting development for cannabis enthusiasts, entrepreneurs, and investors in the state. It is expected to create new business opportunities, provide relief to those who have been disproportionately impacted by prohibition, and further advance the acceptance and normalization of cannabis use in society.

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Major Corporations Investing in Cannabis

by | May 4, 2023 | News | 0 Comments

As cannabis legalization continues to spread across the country, major corporations are increasingly taking notice and investing in the industry. In April of 2023, a major beverage company announced a $100 million investment in a cannabis-infused drink startup, signaling the growing trend of large corporations entering the cannabis space.

Rethinking Cannabis Potency

by | June 2, 2023 | Education | 0 Comments

According to recent survey data by New Frontier Data, there is a wide range of effective doses for cannabis across different populations. This means that some people can feel the effects of just 1mg of THC, while others may not notice any effects until they consume 20 or 30mg of THC. Interestingly, this variation is more significant than the variation in tolerance levels for commonly used substances like coffee and alcohol. In fact, a 30x difference in the effective dose of wine or coffee is unimaginable.

Missouri Division of Cannabis Regulation Initiates Recall of 62,000 Cannabis Products: An In-Depth Look at the Delta Extraction Case and Industry Lessons

by | September 6, 2023 | Education, News | 0 Comments

The Missouri Division of Cannabis Regulation (DCR) has recently taken a significant step in the cannabis industry by issuing a recall of more than 62,000 cannabis products manufactured by Delta Extraction, LLC. The reason behind this recall lies in the fact that these products were not being compliantly tracked in the statewide track and trace system known as METRC. This failure to adhere to tracking protocols created a situation where the DCR could not verify the origins of these products – whether they were sourced from marijuana cultivated within Missouri and had undergone the necessary testing procedures.

South Dakota’s Medical Cannabis Program Surpasses Expectations, Raises Concerns

by | August 23, 2023 | News | 0 Comments

South Dakota’s foray into medical cannabis has far exceeded its initial projections, with the issuance of medical cannabis cards doubling the expected numbers. Since the program’s launch in 2021, the South Dakota Department of Health has issued approximately 11,500 medical cannabis cards, significantly surpassing the original projection of 6,000 cards to be issued by 2024.

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