Latest Cannabis News: November 12, 2024
Latest Cannabis News: November 12, 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
Florida: An effort to legalize the use of recreational marijuana in Florida has failed at the ballot box, NBC News projects.
Kentucky: Cities and counties are automatically opted in to allow cannabis businesses, according to the Kentucky Office of Medical Cannabis. However, local governments must enact ordinances to adopt regulations. They also have the option of passing resolutions to put the issue on the ballot. residents in more than 100 counties and cities around the state voted Tuesday on whether or not to allow cannabis businesses to operate in their regions. Each of them passed.
Nebraska: Voters in the Cornhusker State supported a pair of complementary statutory initiatives to legalize medical cannabis and provide for a commercial market with 71% and 67% majorities on Nov. 5, according to unofficial election results from the Nebraska secretary of state with 100% of votes counted as of 5:30 a.m. CT on Nov. 6. The possibility of Nebraska officially becoming the 39th state in the nation to legalize medical cannabis now hangs in the balance of a courtroom decision.
New Hampshire: While marijuana legalization itself wasn’t on the ballot in New Hampshire this week, the results of Tuesday’s election—including the victory of Republican gubernatorial candidate Kelly Ayotte and expanded GOP majorities in the House and Senate—are widely expected to be a serious setback for cannabis reform in the Granite State.
North Dakota: Recreational marijuana advocates experienced a statewide bummer Tuesday as an adult-use cannabis measure was defeated for the third time in six years. Voters rejected Measure 5 53% to 47% in complete but unofficial results.
South Dakota: A ballot measure to legalize adult recreational marijuana use in South Dakota was losing in unofficial results. The tally was 56% against Initiated Measure 29 and 44% in favor at 4 p.m. Central time Wednesday, with 95% of statewide precincts fully reported.
Texas: This General Election, Texans voted to decriminalize marijuana on ballot measures in Lockhart, Bastrop, and Dallas. Other Texas cities such as Austin, Denton, San Marcos, Killeen, and Elgin have also adopted measures to decriminalize low amounts of marijuana. Attorney General Ken Paxton unsuccessfully sued these cities arguing they don’t have the right to adopt such measures, however, it is possible that he’ll try to sue Dallas as well. Meanwhile, voters expressed their support for the measure.
Regulatory Services Division procured a Compassionate Use Program subject expert to assist with recommendations for the CUP program. The subject matter expert completed a program analysis and provided a final report with recommendations, which included recommending that DPS allow for new retail licenses.
Recreational
Colorado: A decade after Colorado legalized marijuana, it appears the voters of Colorado Springs have approved the sale of recreational marijuana in the city. This comes after Colorado Springs voters answered two dueling ballot questions on marijuana, whether to ban the sale of recreational pot for good or to legalize its sale.
Illinois: A group of social equity cannabis transport companies in Illinois filed a lawsuit against the state, claiming that the Department of Agriculture and Gov. J.B. Pritzker are at fault for their now-failing business ventures after promising that the sector would be a boon for entrepreneurs harmed by the war on drugs. The seven cannabis transporter businesses claim in the new lawsuit, filed Nov. 1 in Circuit Court for the Seventh Judicial District of Sangamon County, that Pritzker and the IDOA changed course in 2020 as a result of the COVID-19 pandemic. The change allowed the 22 existing licensed medical marijuana companies to transport their own cannabis goods, instead of following the original 2019 law which required such businesses to use independent transporters – a move that was never reversed. As a result, the large medical operators – which include some of the biggest multistate operators in the nation, such as Green Thumb Industries, Cresco Labs and PharmaCann – have been happily using their own services, with no need for social equity transporters.
Minnesota: Online applications are now open for anyone wanting to grow or process hemp in Minnesota in 2025. A license from the Minnesota Department of Agriculture (MDA) is required for individuals and businesses. Applications must be submitted by April 30, 2025, and a license is valid for the 2025 calendar year.
Source: https://www.morningagclips.com/online-applications-open-for-minnesotas-2025-industrial-hemp-program/
New Jersey: Cannabis shops could be allowed soon in a small borough in Sussex County.
Stanhope voters on Tuesday approved a referendum asking if cannabis businesses should be allowed by a vote of 1,042 to 855. Stanhope, a borough of about 3,500 residents, rejected allowing cannabis sales in 2021 under a state law that allows municipalities to opt out. About 70% of the New Jersey towns, cities and boroughs have said no to cannabis sales.
Source: https://www.nj.com/politics/2024/11/weed-referendum-passes-in-nj-town.html
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. Stay up to date on the latest cannabis news with The CB Advisors!
Contact Info@thecannabisbusinessadvisors.com for more information on how to apply for a cannabis business license.
YOU MIGHT ALSO BE INTERESTED IN
