A number of states across the country have either recently passed their marijuana legalization or have made significant changes to their regulations. Let’s take a look at a few noteworthy happenings in the cannabis market.

CALIFORNIA

The Governor of California recently signed a bill that lets cities issue temporary marijuana event permits at any venue. Jerry Brown’s decision changes the previous law which required cannabis events be held only at county fairgrounds. Bill AB 2020, authored by Assemblymember Bill Quirk will allow significantly more marijuana events to take place because previously municipalities would simply decline to issue any permit, thus preventing many cannabis events from taking place. The bill does give the state Bureau of Cannabis Control the ability to close down an event if illegal activity is taking place.

 

CANADA

The Canadian government announced on Wednesday, September 26 that it would alter its rules on marijuana consumption. The new alignment categorizes it more like tobacco. The big news with the announcement is the inclusion of some public consumption. CTV News reports that a governmental swing from Liberal to Progressive Conservative is to thank for the changes. The Progressive Conservatives loosened cannabis rules to follow the Smoke-Free Ontario Act. Previously, it was illegal to consume marijuana outside a private residence.

Also, there is now no cap on the number of cannabis retail locations allowed in an area. Individually though, a criminal record of providing cannabis to youth or illegal cannabis operations will mean you can’t legally apply for a dispensary license. Locally, jurisdictions can opt-out of having cannabis stores operating in their area. January 22, 2019, is the deadline to opt out.

 

MICHIGAN

A recent poll done for the Detroit Free Press found that recreational marijuana is heavily supported in Michigan. If it did pass:

  • Consumers could buy up to 2.5 ounces per day.
  • Consumers could have 10 ounces in their private residence.
  • The law would allow 12 plants for personal use.
  • Marijuana taxed at 6 percent, plus another 10 percent.

Cities could vote on whether to allow cannabusinesses as well. Furthermore, the first $20 million earned from the cannabis market will be set aside for research into marijuana for PTSD, and infrastructure (roads, schools, communities).

 

NEVADA

Big numbers for Nevada. The state’s first fiscal year of adult-use cannabis sales netted $69.8 million in tax revenue and collected 140% more tax than the state expected.

 

NEW JERSEY

The New Jersey legislature will vote on adult-use cannabis legalization on October 29th. If it passes at this level, then it goes to Gov. Murphy. Many expect him to sign the bill. The expected tax rate for this cannabis market is 10 percent – which is actually one of the lowest. But then some under Murphy believe a 10 percent tax rate is too low.

Stockton University – Study the Cannabis Market

Undergraduates at Stockton University in New Jersey can now minor in Cannabis Studies. Courses cover medical, business and legal aspects of the cannabis market and industry. Additionally, covered topics include hydroponics, social and ethical complications associated with marijuana. During their studies, students can intern in cultivation, social media, research, communications, and cultivation, to name a few.

 

OREGON

Oregon’s overproduction woes aren’t yet over. The state’s new notification rule is intended to make sure plant totals that are entered into the marijuana tracking database actually match on-site totals. The new rule requires outdoor cultivators to notify authorities at 9:00 am on the day of harvest – each and every time they harvest a crop. Of course, there are only 23 inspectors on staff with the state. And they can’t possibly check everyone operating within the cannabis market. Inspectors are betting on cultivator honesty. Not everyone is happy with the decision though – because the rule does not require indoor growers to notify anyone, even though indoor growers can have three harvests per year, while outdoor can only have one harvest.

 

Stay Up-to-Date with Pinnacle

You could spend all day checking and rechecking cannabis laws and then by the time you had figured out how they apply to your business situation, they will have likely changed. Save yourself time and frustration and schedule a call or sit down with Pinnacle. After all, this is what we do. We know applications, regulations, cultivation, investment, and more. So, we know our stuff. Let us help you today.