What’s New in the Cannabis World?
If you’re an avid user of cannabis you might be thinking about the most recent developments in the field. This article will give you an overview of recent developments in the cannabis industry. This article will give you an overview of the latest status of legal cannabis in different jurisdictions. Here, you’ll find details and resources about the state’s medical cannabis program, the Compassionate Use Program, and other recent developments in the world of cannabis.
Cannabis news can include everything from stories about local cannabis ordinances, to details about community events and gatherings. Cannabis news is often crucial, since it helps inform the public about the industry and its rules. Subscribe to Cannabis news sites and newsletters to get the most current news about the industry. You can also follow your most popular cannabis writers on Twitter or Facebook.
With more states allowing marijuana, the market is booming. Already worth billions of dollars the market will continue to grow rapidly as more markets open and existing ones become easier to access. Five states have already approved marijuana legalization, and a sixth state could be added based on the outcome of an appeal in court. In November 2020, Arizona voters will decide whether to legalize an adult-use marijuana policy after petitioners collected over 400 thousand signatures and won the legalization battle. According to estimates that the cannabis industry can earn more than $700 million annually when it is legalized.
While many banks have been reluctant to collaborate with cannabis businesses, other financiers have entered the cannabis industry and are providing capital to help companies start up. Venture capitalists and angel investors are two examples. Private family offices have also been an important source of capital for cannabis-related companies. These kinds of investors are typically high net-worth investors who have a positive outlook on the industry’s rapid expansion.
What’s new about cannabis?
The Department of Consumer Protection is planning to issue applications for cannabis retailers in the near future. Currently, they are pending guidelines from the Social Equity Council, but it is expected to be up and running within a few months. Companies in the cannabis industry will also be required to follow specific guidelines for advertising.
In June the Illinois General Assembly passed the Cannabis Regulation and Tax Act, and Governor Bruce Rauner signed it into law. The new legislation removed cannabis from the list of schedule I and legalized it for personal use. New Jersey’s AB 21 removed the criminal and civil penalties for possession and sale of marijuana and made it a crime to possess. Currently more than 20 states have legalized cannabis.
As more states legalize cannabis, it’s increasingly important to stay up-to-date with the latest news and updates in the field. For instance, in 2012 18 states approved medical marijuana, including Washington and Colorado. Furthermore, Uruguay legalised recreational cannabis and passed an act that established a system for supply for the drug through pharmacies and social clubs. The trend isn’t slowing down, and there is no sign of it.
The Canadian Cannabis Awards recognize excellence in the cannabis industry. The awards will be announced on Thursday November 29, 2018. The awards, which recognize the best of the best, are comprised of categories that are judged and governed by voters. Public voting is now possible in the voter-driven categories. In addition, the group will also accept nominations from members of the industry and consumers alike.
The New York cannabis industry is just a few steps away from legal sales. According to the Marijuana Regulation and Taxation Act recreational cannabis is expected to become legal in New York in March 2021. In the next six years the revenue forecast is to surpass $1 billion. The state’s Office of Cannabis Management will supervise the industry and will be headed by five members of the board.