Welcome again to The Week in Weed, your Friday have a look at what’s taking place on the planet of legalized marijuana. Completely satisfied 2024 – let’s begin the 12 months off with a shout-out to Colorado, the place the retail market is celebrating an anniversary. There’s an replace on Alabama’s medical hashish licensing program (meet the brand new 12 months; similar because the outdated 12 months). The DEA is conducting a evaluation of hashish scheduling. And at last, we have now an replace on the Weed Nuns.
January 1, 2014 marked the opening of Colorado’s retail marketplace for adult-use hashish. Since that point, the business has taken in $15 billion in income, with the state gathering $2.6 million in taxes and costs. As of January 2024, 24 states have legalized adult-use hashish; over half the US inhabitants lives in a state the place it’s authorized.
Since Colorado voters legalized hashish a decade in the past, Colorado has developed one of many main regulatory methods on the planet and impressed numerous others prefer it throughout the nation and across the globe.
Governor Jared Polis (D-CO)
Cease me should you’ve heard this earlier than… Alabama’s medical hashish licensing program has hit one other street bump. This time, it’s dispensary licenses which have been placed on pause, whereas a decide hears a problem to the choice course of. Different licenses have been issued, however it have to be a bit nervous-making for these capable of domesticate, transport or check hashish, in the event that they don’t know in the event that they’ll be capable of promote their product.
What higher solution to begin the New 12 months than by catching up with outdated associates? The Drug Enforcement Administration (DEA) despatched a letter to lawmakers final month that was much less a vacation catch-up and extra of a “yeah, we all know the HHS says we must always re-schedule hashish, however we’ll make up our personal thoughts” replace. As all the time, additional bulletins as occasions warrant.
A 12 months in the past, we had an update on the Weed Nuns, noting that they’d expanded their operations into international locations exterior the U.S. A kind of international locations is Mexico, the place the Sisters of the Valley (the official identify of the group) has arrange store. Most of their advertising and marketing is carried out on-line, as legal guidelines are a lot stricter in Mexico than in a lot of the US. They carry in a lot much less cash than the US operation, $10,000 yearly, in comparison with $500,000. However hey, you gotta begin someplace!
Be effectively everybody – we’ll be off subsequent week, however will return on Friday, January 19.