Latest Cannabis News: July 23, 2024

Stay up to date with the latest legalization and cannabis news with the C.B. Advisors. Every week, we will release a snippet of what’s happening with each state in the cannabis industry. Did you miss last week? No worries – click here for last week’s cannabis news.

Medical

Pennsylvania: Despite earlier reports that recreational cannabis legalization in Pennsylvania may have to wait until next year after being left out of the state budget, the spokeswoman of a pro-marijuana coalition said there’s still a window this coming fall for a bill to get through to Gov. Josh Shapiro’s desk. there are still two active bills in both the Republican-controlled Senate and the Democratic-controlled House – and there will be at least three weeks in September when lawmakers reconvene from the summer break in which they could pass either of the measures. She also believes there’s enough consensus that one of the two bills will go to Shapiro before the end of the year.

Source: https://www.greenmarketreport.com/pennsylvania-cannabis-coalition-says-theres-still-a-path-for-adult-use-legalization/

Recreational

Delaware: The governor of Delaware has signed several marijuana bills into law, including measures that would allow existing medical cannabis businesses in the state to begin recreational sales on an expedited basis, transfer regulatory authority for the medical program and make technical changes to marijuana statutes. The dual licensing legislation is meant to allow recreational sales to begin months earlier than planned, though critics say the legislation would give an unfair market advantage to larger, more dominant businesses already operating in multiple states. Fees from the license conversions—which are estimated to bring in more than $4 million—will be used for financial assistance to social equity-owned cannabis businesses. Under the legislation, the Delaware Office of the Marijuana Commissioner (OMC) will need to open applications for conversion licenses by August 1 of this year. The application window will close on November 1. Another amendment from Osienski made a number of other changes before House passage last month, including increasing the conversion licensing fee from $100,000 to $200,000, making it so the licenses will expire after 24 months instead of 48 months and requiring applicants to “provide an attestation” that they will continue to serve medical cannabis patients.

Source: https://www.marijuanamoment.net/delaware-governor-signs-marijuana-bills-including-one-to-let-medical-dispensaries-begin-recreational-sales-early/

Ohio: Ohio’s adult-use cannabis market is officially up and running—well, at least for four cultivators and six processors. The state’s Division of Cannabis Control (DCC) issued the first batch of dual-use certificates of operation to these businesses on July 19, providing them the green light to start supplying the state’s commercial adult-use marketplace. Another 31 cultivators, 36 processors, seven testing laboratories and 133 dispensaries in the provisional licensing queue remain next in line for certificates. Before issuing final licensure, the DCC must determine whether these businesses meet final requirements—from security/surveillance systems to employee badging to point-of-sale systems.

Source: https://www.cannabisbusinesstimes.com/news/ohio-recreational-marijuana-licenses-certificates-start-sales-market-cultivation-dispensary-when-where-buy/

The Cannabis Business Advisors have more than thirty years of combined industry experience, spanning across the U.S. and around the globe. C.B. Advisors offers a comprehensive suite of services, including application and licensing preparation, operational analysis, merger and acquisition support, policy and procedures, exit strategy guidance, and business development planning.

Contact Info@thecannabisbusinessadvisors.com for more information on how to apply for a cannabis business license.