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Cannabis Wednesday News: How the U.S Is Losing $53.23 Billion Each Year by Not Legalizing Marijuana

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"Cannabis Wednesday News: How the U.S Is Losing $53.23 Billion Each Year by Not Legalizing Marijuana; Banners Urge New Jersey Voters to Say “Yes” to Legalizing Recreational Weed, etc."

Growing Concern over Lottery Process for Illinois Cannabis Dispensary Licenses

Wgem - Several lawmakers from the Black and Latino caucuses feel blindsided by the lottery process for recreational cannabis licenses. Over 700 groups applied, but now only 21 finalists are left vying for 75 dispensary licenses.

How the U.S Is Losing $53.23 Billion Each Year by Not Legalizing Marijuana

Cannabislaw - Public policy wonks tend to look at the question of the legalization of marijuana from a purely social angle. They check to see how such legalization would affect the health and security of society. The legalization of weed, however, has fiscal implications that are often overlooked. Let’s get a glimpse of how much money the U.S. is losing by failing to legalize marijuana and how far legalization would go to help solve some of the most urgent issues in the U.S, plus how tax revenue collected from marijuana is spent.

Infographic - Cannabislaw

Cannabis Retailer From The Earth Makes Social Justice A Priority With New Partnership

Forbes - Since its inception, From The Earth, a minority-founded and operated cannabis retailer, has made diversity and inclusion within the industry a top priority. Proving they walk the talk, FTE recently formed a partnership with Fruits of Our Labor, a black-owned business that employs ex-convicts to manufacture a wide range of vaporizers and glass blunts. For both FTE and Fruits of Our Labor, which was founded in Maryland by 22-year-old Alvin Edwards, this relationship is a great way of helping people and communities adversely affected by the war on drugs.

"It's Going to Hurt": Canada's Cannabis Industry Struggles to Find Footing in Age of COVID-19

Thegrowthop - Canada's economy added 245,800 jobs in August but the cannabis industry remains on shaky ground.

The country’s cannabis product manufacturing sector lost one-third of its jobs from the beginning of the year, according to Statistics Canada, a reduction from 3,483 positions in January to 2,282 in June. The dismal numbers have been fuelled by substantial layoffs in the hard-hit industry, including the hundreds that were announced by Canopy Growth a few months ago. The company is reportedly bracing for another round of cuts.

Downtown Cannabis Store Should Be Ready to Open soon

Similkameenspotlight - Princeton’s first cannabis shop is set to open soon, on Vermilion Avenue in the former home of Coco’s Bistro, according to town CAO Lyle Thomas.

At its last meeting, council approved a site-specific zoning change allowing the shop to proceed.

The proprietor is Atheneum Cannabis, a Vancouver company which opened its first retail cannabis store in that city in June, 2020.

Ohio Medical Marijuana Users Crossing State Line Into Michigan for Cheap Deals

Freep - Ohio's medical marijuana patients have found a cheap place to buy medicinal cannabis: Michigan.

Ohio marijuana card holders have repeatedly told The Coumbus Dispatch, both on the record and in private, they travel to dispensaries north of the state line to save money. Patients consistently list price as one of the biggest obstacles to buying the drug in Ohio.

Maine Moves Closer to Retail Cannabis Sales as Regulators Issue First Active Licenses for Adult Use Marijuana Establishments

Cannabislaw - Today, the Office of Marijuana Policy, a part of the Maine Department of Administrative and Financial Services, announced the issuance of Maine’s first active licenses for adult use marijuana establishments. OMP has issued six active licenses comprised of three cultivation facilities, two marijuana stores, and one marijuana testing facility. Retail sales to the public permitted to begin on or after October 9, 2020.

Banners Urge New Jersey Voters to Say "Yes" to Legalizing Recreational Weed

Thegrowthop - The push to legalize recreational cannabis in New Jersey took to the skies this past weekend as Labour Day revellers enjoying the beaches looked on.

The message was clear for all to see as single-engine prop planes, hired by separate organizations, towed the pro-weed banners above south New Jersey beaches, according to the Philadelphia Inquirer.


Medicinal Cannabis Could Be Available in Australia Next Year

7news - Over the counter medicinal cannabis could be made available in Australian pharmacies as early as next year.

The Therapeutic Goods Administration (TGA) has flagged it intends to make cannabidiol (CBD) medicines available without a prescription.

An interim decision made by the TGA would mean patients would only need to consult with a pharmacist for access to the substance.

Supply of Medical Cannabis Restored in Malta After Shortage

Mjbizdaily - After a weeks-long shortage of high-THC medical cannabis flower in Malta, at least one variety became available again as of Friday, Sept. 4, Marijuana Business Daily has confirmed.

Bedrocan flower is imported into Malta from the Netherlands, while Pedanios is a brand of flower produced by Alberta, Canada-based Aurora Cannabis.

An Aurora spokesperson confirmed that Pedanios flower has not been available in Malta for the past few weeks, but it should be on the market again next week.

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