Susan Ryan
Welcome again to The Week in Weed, your Friday take a look at what’s occurring on the earth of legalized marijuana.
This week, we see New York issuing its first hashish licenses. Eire considers a invoice to decriminalize marijuana use. Connecticut delays its dispensary openings. Rhode Island, however, plans to start gross sales this month. And eventually, Thanksgiving weed gross sales had been up this yr.
NEW YORK
Good issues come to those that wait – the previous adage was confirmed true once more this week, as New York issued its first adult-use hashish licenses. 28 of the primary 36 licenses points went to people; the remaining eight went to nonprofits. All the licenses went to “justice-involved” people or organizations serving these individuals. When will these dispensaries open? Quickly…
IRELAND
Hashish for private use could also be coming to the Republic of Ireland. Irish MP Gino Kenny launched a invoice that might enable adults 18 and older to own as much as 7 grams of hashish or 2.5 grams of hashish resin. The invoice wouldn’t set up authorized gross sales or cultivation, both by people or business enterprises.
CONNECTICUT
As a counterpoint to New York’s progress, we’ve an absence of progress in Connecticut. Initially set for a 2022 opening date, now it seems that retail hashish dispensaries gained’t open within the Nutmeg State till 2023. Delays within the means of approving develop and manufacturing house is setting the method again. Early 2023 now appears to be the earliest shops may open.
RHODE ISLAND
Persevering with our deal with small New England states, Rhode Island‘s adult-use market began this week. As early as 5:45 am ET, doorways opened on Thursday, with metal drum bands, balloon arches and free samples. One can solely think about it will present incentive for Connecticut to get its act collectively.
AND FINALLY
This Thanksgiving, it wasn’t solely the beans that had been inexperienced. Inexperienced Wednesday, the day earlier than Thanksgiving, was probably the most fruitful gross sales day for hashish, raking in over $116 million in gross sales, exhibiting a 16% enhance year-over-year. The day was second solely to April 20 in gross sales. If you happen to’re within the hashish business, that is one thing for which to be grateful.
Keep secure and be effectively everybody – we’ll see you subsequent week!