As a way to introduce recreational marijuana dispensaries in the state, Connecticut has a lottery system in which applicants must pay a lottery fee and submit an application to be included. A report from the Hartford Business Journal is raising eyebrows after stating that the companies competing for a license submitted hundreds of applications to increase their odds at winning. In September, … [Read more...] about Companies Gaming the Connecticut Cannabis License Lottery
regulations
The Results Are In: Cannabis Ballot Voter Responses
As election day came and went, a number of propositions and initiatives were placed on ballots in certain states to allow residents to vote on major decisions concerning marijuana. Leaf Retailer has all of the latest ballot updates to keep our readers informed about the cannabis industry. Arkansas Issue 4 The Marijuana Legalization Initiative The measure would have legalized … [Read more...] about The Results Are In: Cannabis Ballot Voter Responses
Everything You Need to Know About the 2023 Farm Bill
The 2018 Farm Bill was revolutionary for the cannabis industry, but also left many unanswered questions on the regulatory framework, making the market a ‘wild west’ full of many unsafe products. The lack of regulation means safety standards are up to CBD companies, but how are consumers able to tell the good guys from the bad guys? At a recent House Agriculture Subcommittee meeting, advocates … [Read more...] about Everything You Need to Know About the 2023 Farm Bill
How Maine’s Legal Woes May Impact Your Cannabis Business
A Maine law requiring medical marijuana dispensaries to be owned by Maine residents has been struck down by the First Circuit Court of Appeals.NPG and High Street Capital argued the residency requirement violates the federal Dormant Commerce Clause because it expressly privileges Maine residents over residents of other states by allowing them to invest in Maine’s marijuana industry.Anything in … [Read more...] about How Maine’s Legal Woes May Impact Your Cannabis Business
New York Approved Rules for Recreational Cannabis Applications
Conditional Adult-Use Retail Dispensary License (CAURD) licensees will be the first retail dispensaries to open for legal adult-use cannabis sales in the state.Applicants can choose to apply under the qualifying business criteria or the qualifying non profit criteria.Having a significant presence in New York just means that at least 30 percent of the owner must have residency (live in), assets … [Read more...] about New York Approved Rules for Recreational Cannabis Applications
SAFE Act Needs Senate Push
On May 12, nearly a quarter of the U.S. Senate signed onto a letter to Congressional leaders, urging them to attach The Secure and Fair Enforcement (SAFE) Act to a large-scale manufacturing bill that is expected to pass the Senate in the coming months, according to Worcester Magazine. While it was passed in the U.S. House of Representatives on April 19, 2021, it has not been passed in the U.S. … [Read more...] about SAFE Act Needs Senate Push
Why Legal Cannabis is Not Killing the Illegal Market
While there are many added benefits to legalizing marijuana, one of the biggest perks is to eliminate the black market — or, at least that was the plan. A new survey that was taken in Canada and the U.S. found that some cannabis users continue to buy the drug from illegal sources, even years after it is possible to purchase from regulated, legal shops. This is due mainly in part to the fact that … [Read more...] about Why Legal Cannabis is Not Killing the Illegal Market
Schumer’s Marijuana Legalization Bill Delayed to Finalize Provisions
Senate Majority Leader Chuck Schumer (D-NY) has been working to finalize a bill that will end federal cannabis prohibition. This long-anticipated Senate bill was supposed to be introduced back in April, but Democratic leadership said the timeline is being extended as they continue to work out various provisions “with the assistance of nearly a dozen Senate committees and input from numerous … [Read more...] about Schumer’s Marijuana Legalization Bill Delayed to Finalize Provisions
Tips for Setting Up a Cannabis Business
There are so many things you need in order to start a business that it can seem a little daunting, especially if you want to start your own cannabis business. With all of the different regulations, restrictions, and laws out there, it is imperative that entrepreneurs do their research beforehand, and Leaf Retailer is here to help you with that process. Creating an Operating … [Read more...] about Tips for Setting Up a Cannabis Business
Banking Options for Cannabis Companies
In the US, Medical and recreational use of cannabis has been legalized in 19 states including the District of Columbia, while an additional 26 states have decriminalized its use. However, any bank that is federally insured remains restricted by federal laws, a prohibition that has made banking a challenge for marijuana businesses. Without access to banking services, … [Read more...] about Banking Options for Cannabis Companies