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New Mexico cannabis sales hit nearly $40 million in first month

New Mexico cannabis sales hit nearly $40 million in first month

New Mexico cannabis sales revenue numbers

In its first month of recreational cannabis sales, New Mexico brought in nearly $40 million in revenue.

After launching its legal cannabis industry on April 1, the state made over $4 million in its opening weekend. Through the rest of the month, adult use sales across 40 cities in New Mexico sold $22 million worth of cannabis products.

The remaining $17 million was medical cannabis sales.

Medical cannabis sales are exempt from taxes unlike recreational sales, so there was no tax revenue generated from the $17 million in sales for the month. The majority of the state’s recreational sales were in Albuquerque, home to roughly 564,000 residents.

The city alone sold nearly $15 million in cannabis in April. The next highest revenue generated was in Las Cruces at only $2 million in adult use sales.

Las Cruces is also home to the state’s first licensed cannabis lounge where consumers can enjoy cannabis in a public setting.

New Mexico communities that border Texas also saw a fair amount of sales in the first month of adult use cannabis in the state. Hobbs and Sunland Park sold $1.7 and $1.4 million respectively, including medical and recreational cannabis sales.

An analysis from Sun-News found that Sunland Park had the third highest sales per capita, likely due to “cannabis tourism” from Texas and Mexico.

New Mexico cannabis sales are taxed at 12% for adult-use, plus additional taxes from local jurisdictions. Final tax revenue numbers won’t be announced until May 25, but with current data it is expected that the state will make about $2.6 million in tax revenue for the month.

Additionally, the 12% excise tax rate on adult-use cannabis sales is set to increase to 18% in 2025. This is still a lower tax rate than neighboring states Arizona and Colorado.

It is likely that the 4/20 holiday helped to boost recreational sales in the New Mexico’s first month. However the state’s director of the Cannabis Control Division, Kristen Thomson, is still satisfied with how the state performed and anticipates continued growth in the future.

“New Mexicans showed up on April 1 ready to support local businesses selling high-quality New Mexico products, and they’re still coming,” Thomson wrote.

“Thanks to hard work by the dedicated people working in the industry, supply easily met consumer and patient demand. New Mexicans have a lot to be proud of in the launch of this new industry, which is already adding value to the state’s diverse economy.”

The CCD has projected that the New Mexico cannabis industry will create up to 11,000 jobs statewide, with $300 million in sales and $50 million in tax revenue in its first year.

Connecticut cannabis gifting law pushed forward by lawmakers

Connecticut cannabis gifting law pushed forward by lawmakers

Connecticut cannabis gifting could be banned

The underground Connecticut cannabis gifting community could be in for some trouble is legislators in the state get their way.

In a 98-48 vote, the Connecticut House of Representatives pushed forward legislation that would fine anybody who host a cannabis gifting event up to thousands of dollars. During the session, others argued that legalizing cannabis in Connecticut at all was a mistake that should be reverted.

Suffice to say there is disagreement in the legislature about the future of the industry in Connecticut, and it is going to have an impact on the industry there.

As it currently stands, cannabis is legal to possess for adults in Connecticut. However recreational cultivation for personal use won’t be an option until July 2023, and there is no regulated industry to speak of in the state.

In other words, cannabis is legal. It just can’t be grown recreationally or bought anywhere unless you’re a licensed medical cannabis patient. This has predictably created an underground market for those looking to obtain cannabis for personal consumption without a medical card.

What is cannabis gifting?

Cannabis gifting is by no means a new practice. It also isn’t exclusive to just Connecticut.

For example Washington D.C. legalized cannabis in 2015, but still doesn’t have a regulated industry due to barriers put in place by politicians during the legislative process. Now there is a thriving cannabis gifting industry in DC, with small shops tucked away across the city. There you can pay $45 for a sticker and receive an eighth of cannabis as a “gift”.

The donation/gifting method acts as a loophole under most cannabis laws that prohibit the illicit sale of cannabis outside of a licenses retailer. By gifting cannabis instead, it technically isn’t being sold and can’t be prosecuted.

It isn’t difficult to see why politicians would not be in favor of such a practice.

But with the current laws and delays in Connecticut, it was inevitable.

Some legislators are shaping the new bill not as a total restriction on cannabis gifting, but just organized events according to Democrat Rep. Michael D’Agostino.

“For right now, these bazaars are a way around the regulated marketplace,” D’Agostino said. As co-chairman of the legislative General Law Committee, he stressed that the bill would not prohibit true gifting events in which friends or acquaintances exchange or give each other cannabis without commercial transactions.

The legislation was originally proposed in response to events like the High Bazaar. There more than 1,000 visitors paid $20 or so to enter a warehouse in an industrial zone, where dozens of vendor tables would display cannabis in various forms, exchanging cash or other items of value for cannabis products.

Under the bill, those who sponsor these large gifting parties could be fined $1,000 by the state Department of Emergency Services and Public Protection, and as much as $1,000 by local officials. The legislation isn’t entirely bad however.

The legislation also includes provisions to end the annual fees required of patients in the medical-marijuana program, saving patients about $5 million a year starting July 1, 2023. It would also permit physicians to write medical cannabis prescriptions, which would save patients more money and time.

The law also includes provisions strictly limited billboard advertising for cannabis companies, and completely bans it for out of state brands. Lastly, current cannabis cultivators would be allowed to undertake two more joint ventures, and towns and cities that are willing to host cannabis businesses, can now decide which businesses and how many could locate to their area.

Overall the legislation would appear to have more good than bad, with the main negative being the impacts on large cannabis gifting events. Small gathering of friends gifting each other cannabis products will still be allowed without repercussion. Medical cannabis patients will have quicker and more affordable access to their medicine, and in-state retailers will no longer have to worry about out of state competition.

California cannabis farmers markets? New bill would make it possible

California cannabis farmers markets? New bill would make it possible

California cannabis farmers markets could become a thing

It is not secret that small cannabis farms in California have had a rough few years. A new bill aims to help them out.

A new bill introduced into the Assembly Business and Professions Committee on Tuesday (4/26/22) would allow small scale cannabis farmers to sell their products at farmers markets in California. Introduced by Assembly member Jim Wood, he has seen the issues that small cannabis operations have dealt with and wants to give them a hand.

“It is no secret that cannabis businesses throughout the state are struggling, whether it’s taxes, compliance costs, competing with the illicit market or other challenges, but the focus of AB 2691 is to help legal cannabis farmers who grow less than 1 acre of cannabis get consumer recognition for their unique products, much as has been done for craft beer, artisanal wine and other family farm agricultural products. Giving these smaller farmers opportunities at locally approved events to expose the public to their products increases consumer choice and offers farmers a better chance to reach retail shelves which is their ultimate goal. This is not about circumventing retailers, but growing the industry overall. My office has always been open to those who may have concerns about this bill and I’m here to listen to their concerns and their proposed solutions.”

The Origins Council, a cannabis advocacy organization that represents historic, rural, cannabis-producing regions across California has expressed their support for the bill. Genine Coleman and the group’s 900 or so members have fought consistently for the rights and protections of small, local farms that have been in operation in the state for decades.

“The vast majority of them are producing half an acre or less of cannabis, so this is definitely a huge potential opportunity for our membership,” Coleman said. “For small-scale producers to have direct marketing and sales opportunities with consumers is really critical.”

However not everybody is on board with the new arrangement. The Executive Director of the Davis Farmers Market Alliance, Randi MacNear, says what she oversees is a “food business”. Even if the new bill passes, she says it is unlikely anything will change at their market.

“We really are interested in selling food, so at this point, cannabis is not a food,” MacNear said. “We’re trying to increase our local farmers. We’re trying to get new, emerging Yolo County farmers in here and give them a space to sell, so I think that probably we would stick with that concentration.”

MacNear did add that the decision ultimately comes down to the Davis City Council.

“I’m sure you’ll see some of this product at other markets but not here in Davis,” MacNear said.

Assembly Bill 2691 is now headed to the Assembly Appropriations Committee, where it must pass before entering the full Assembly followed by the Senate. If approved by all of the above, the bill goes to the governor’s desk for signing.

Supporters argue that the main purpose of this bill is to help small farmers who don’t have the same access channels to consumers as larger competition have the opportunity to grow their customer base and their brand at the local level.

Oklahoma cannabis legalization may be on November ballot

Oklahoma cannabis legalization may be on November ballot

Oklahoma cannabis legalization petition getting signatures

The Oklahoma Supreme Court has approved plans for Oklahoma cannabis legalization to move forward in the state. The plan’s organizers can now begin collecting signatures.

There are currently two separate proposals for Oklahoma cannabis legalization, and both would need to gather enough signatures to end up on the ballot this November.

The approved plans, State Question 819 and State Question 818, would make an amendment to the state’s Constitution to protect the right of residents age 21 and older to use cannabis.

SQ 818, known as the Oklahoma Medical Marijuana Enforcement and Anti-Corruption Act, would expand the state’s medical cannabis program. It would establish a new state agency known as the Oklahoma State Cannabis Commission (OSCC).

This agency would replace the current Oklahoma Medical Marijuana Authority (OMMA) and oversee the entire cannabis industry including hemp.

This bill replaces the excise tax on medical cannabis with a 7% retail tax. Revenue would be used to support cannabis research, rural impact and urban waste remediation, agriculture development, mental health response programs, substance misuse treatment and more.

SQ 819, otherwise known as the Oklahoma Marijuana Regulation and Right to Use Act, would legalize possession of up to eight ounces of cannabis for anyone over the age of 21.

Adults could purchase cannabis from a retail store, or grow up to 12 plants for personal use. Any home grower is legally allowed to possess however much they harvest from their 12 plants.

Recreational cannabis sales would be taxed at 15%. A number of state initiatives would receive a portion of the tax funds collected from Oklahoma cannabis legalization. These include water-related infrastructure, disability assistance, substance misuse treatment, law enforcement training, cannabis research and more.

Lastly, SQ 819 would open up pathways for resentencing and expungements for those with prior and current cannabis convictions.

If passed, Oklahoma would become the 19th state in the US to legalize cannabis recreationally. In order to make it onto the ballot, supporters are going to need to gather about 178,000 signatures in the next 90 days.

Despite being on of the reddest states in the country, Oklahoma cannabis legalization isn’t a very far fetched idea for the state. In fact, nearly 10% of Oklahoma’s 4 million residents have qualified a medical cannabis card, the highest in the country.

“Whether we’ll get on the November ballot this year remains to be seen,” said Jed Green, a longtime Oklahoma cannabis activist behind the plans. “We’re going to push, push and push to get it done, and hopefully we do, but … we’ll get our signatures.”

A separate adult-use proposal, State Question 820, already has been cleared by the high court and because it would only amend state statute, requires only about 95,000 signatures. Supporters of that plan can begin gathering signatures on May 3.

New Jersey recreational cannabis sales finally begin

New Jersey recreational cannabis sales finally begin

New jersey recreational cannabis sales have started

Thursday April 21, 2022 marks the first day that recreational cannabis can be sold to consumers in New Jersey. Doors opened at the first dispensaries at 6 AM, with lines wrapping around the block.

“It’s a huge event. It’s a moment in time in American history where prohibition 2.0 is lifted,” said Ben Kovler, the chairman and CEO of Green Thumb Industries, which has two facilities opening Thursday, one in Bloomfield and another in Paterson.

However the industry isn’t fully taking off just yet. Just over a dozen “alternative care providers” in the state that were already providing medical cannabis to patients were given permission to sell adult-use cannabis on opening day.

It is still unclear when the hundreds of other cannabis business applicants will get their licenses and be allowed to open their doors, but it will likely start with social equity applicants first.

State regulators say dispensaries in New Jersey are allowed to sell up to the equivalent of 1 ounce of cannabis, which means an ounce of dried flower, or 5 grams of concentrate or 1,000 milligrams of edibles, like gummies. However perishable edibles like cookies and brownies will not be available.

Recreational cannabis sales will still apply the state 6.625% sales tax, with 70% of the proceeds going to areas disproportionately affected by marijuana-related arrests.

New Jersey is the first among several neighboring states to launch recreational cannabis sales. New York legalized cannabis in 2020 but has yet to implement a recreational market. Pennsylvania has a successful medical cannabis industry, with advocates and even legislators pushing for full legalization this year. Connecticut also legalized cannabis but has yet to implement any marketplace for consumers.

3 reasons 4/20 is still an important holiday

3 reasons 4/20 is still an important holiday

best things to do on 4/20

From the outside, 4/20 might just seem like a special day for stoners to get especially stoned. In a way they aren’t wrong.

4/20 has become a national holiday for cannabis lovers across the world. It is a day when we can all come together as a community to share our passion for the plant.

And yes, it is a day where you can score some great deals at the dispensary to get a little extra baked!

However 4/20 still holds a lot more importance than you may think. While the day may have supposedly started from some friends sneaking out to get high together, it has evolved into the main holiday promoting the cannabis legalization movement.

You see, cannabis is only fully legal in 18 states in the US. While there are only two states — Nebraska and Kansas — that haven’t legalized anything at all (including CBD), cannabis is still fully illegal according to the federal government.

That brings us to five reasons why 4/20 is still an important and essential holiday. Not just to those who love cannabis, but for anybody who supports breaking down unjust laws that punish minorities and create more problems for the country as a whole.

Cannabis is not federally legal

It might be easy to look at the expressive nature of the cannabis industry and community and think, “how could this be illegal?”

After all people like Snoop Dogg can openly smoke a blunt on live TV at the Super Bowl and face no repercussions. But for many others, the reality is much, much different. In fact, 40% of drug-related arrests in 2018 were for cannabis.

Consider the resources that are still going into arresting people for a plant that is medically or recreationally legal in over half the country. Does that make sense?

Additionally in New York City, 94% of cannabis arrests were black people in 2020.

4/20 has been the main day where proponents for legalization can really get their message heard and inform people on why legalization really matters.

Sharing the benefits of the plant

According to the federal government, cannabis is currently ranked as dangerous as heroin, an a Schedule 1 controlled substance under the Controlled Substances Act. This means it has no medical applications and is highly addictive.

Well, 35 states that have legal medical cannabis programs would disagree. There have been studies showing recreational cannabis access decreases the demand for prescription opioids. Other studies have shown it to be extremely effective in treating various diseases, including cancer.

Lest we forget the wide range of ailments that cannabis is legally prescribed for by licensed doctors across the country. That sounds like a lot of medical applications, but you would be surprised how many people haven’t heard about those studies or the benefits of cannabis.

When you are a part of the cannabis community it is easy to think that everybody knows these things. After all you see articles and posts on social media all the time about new laws, legalization, medical studies. But that is a bubble. In most cases, if you aren’t actively looking for cannabis news or information, it isn’t very likely to pop up unless it is a major story.

On 4/20, there is just that little bit more attention the entire community and industry gets to share this information with a wider audience. While many may still not support the full legalization of cannabis, helping them to understand how much it truly helps people is an important step in the right direction.

4/20 is a celebration of culture

It is not very often that there is a community of millions of people, all passionate about the same thing which happens to be completely illegal according to the federal government. Think about it.

As a culture that developed in the shadows over decades, the cannabis community is different from any other. A group of people who were traditionally artists, musicians and hippies has spread to encompass every type of person out there. From your grandma to wall street businessmen and women, somebody you know is likely a consumer.

The culture has begun evolving over the years from the small, close-knit community of growers in online forums to massive festivals headlined by A-list artists. And it has become even more accessible to someone who is trying to learn more about cannabis and the community surrounding it.

What better way to dip your feet into the culture of cannabis than going to your local 4/20 festival or event? And if it’s an underground event in a illegal state, even better. Because that’s where it all started, and has stayed for many across the country still.

Because its FUN

Consider this one an honorable mention. 4/20 is basically the only holiday for cannabis lovers (some would argue 7/10 is growing in popularity now as well). While spreading awareness about the war on drugs and pushing for legalization are important aspects of 4/20 celebrations, it’s also about just that; celebrating!

The fact that you can go to Civic Center Park in Denver, Colorado on 4/20 and consume cannabis publicly with thousands of others without persecution is a big deal. The fact that there will be hundreds of public 4/20 celebrations across the country today is huge. Just 10 years ago, almost none of it would be happening…at least in public.

Some people miss the old days where the community was smaller and more close-knit, with underground celebrations where you had to be “in the know” to go. Well, you can still find plenty of those across the country too. Because as big of a day as 4/20 is, and the difference it can make, it’s important to remember that millions of people are still at risk of arrest and prison time to simply possessing a plant.