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The Week in Weed: February 10, 2023

Susan Ryan by Susan Ryan
February 10, 2023
in Cannabis Capitalism
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Susan Ryan

Welcome again to The Week in Weed, your Friday have a look at what’s occurring on the earth of legalized marijuana.

This week, Missouri started adult-use gross sales. The SAFE Banking act makes yet one more look on the legislative stage. Now we have an replace on the DMV and MJ. And at last, in the event you’re in search of a dispensary/bar/bakery combo, this retailer in Illinois has you lined.

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MISSOURI

Gross sales of adult-use hashish started lately in Missouri, and enterprise was booming. Final weekend, retailers took in over $12.6 million {dollars}, two-thirds of which was from adult-use customers.

Our business was adamant that we’d be prepared on day one to ship for Missourians, however I by no means would have imagined such a reception

MoCannTrade Government Director Andrew Mullins

And Missourians can now apply for a home-grow license, three days forward of schedule.

SAFE, AGAIN

Cease us in the event you’ve heard this earlier than, however federal laws to permit banking for the hashish business is a subject of discussion on Capitol Hill. Sigh. Senate Democrats are attempting to determine a path ahead, after the invoice was stripped out of final 12 months’s appropriation laws. The SAFE Banking band is again collectively: Sens. Chuck Schumer (D-NY), Cory Booker (D-NJ), Jeff Merkley (D-OR), Sherrod Brown (D-OH), and Jacky Rosen (D-NV). (Sen. Ron Wyden (D-OR) had a scheduling battle.) They face fellow Senators who’re lower than (no Republicans met with the group) and a Home managed by Republicans, a lot of whom are hostile to the concept. We’re actually hoping it passes this time, as we’re operating out of metaphors to explain the futility of this train.

MJ IN THE DMV

The DMV (District of Columbia, Maryland and Virginia, for these of you not from the realm) has a patchwork of hashish legal guidelines. Though one subway journey can take you thru all three jurisdictions, your capacity to purchase marijuana legally varies from place to position. Maryland was the final of the three to legalize adult-use, however it could be the primary to arrange authorized adult-use dispensaries. A listening to on a invoice to arrange a market is scheduled for February 17. However what about Virginia? They legalized in 2021, however have but to enact laws to permit gross sales. As for DC – properly, it’s sophisticated.

AND FINALLY

Till lately, in the event you needed to purchase some beer, seize some ganga and devour some donuts, that meant three separate stops. Not anymore! The Okay Dispensary in Wheeling, Illinois combines a hashish dispensary, a bar and a bakery.

Keep secure and be properly everybody – we’ll see you subsequent week!



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